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My uncle at a family BBQ told me my emergency fund was 'dead money' sitting in a savings account.
He said I should be putting every spare dollar into crypto, which felt reckless after I spent two years building up $15,000 for actual emergencies, so what's a better way to explain the purpose of a cash safety net to someone like that?
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sean_miller886mo ago
Ever notice how people who push crypto hardest never mention what happens when you need cash fast during a dip? How do you even sell crypto to pay a plumber?
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jessicac286mo ago
My buddy Mark in Austin had to sell some Bitcoin last year to fix his AC. Took three days to get the cash and he lost a grand on the price drop.
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verar216mo ago
Yeah, calling it "dead money" misses the whole point. I mean, like sean_miller88 said, you can't pay a sudden bill with crypto when it's down 40%. That cash is for peace of mind, not making more money.
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