so yeah, you could well have an emergency fund that covers 3-6 months of your expenses (salary) and helps you to feel comfortable that you have enough money in such emergency fund in the case you might be able to be more aggressive in your bitcoin investment and also to have the emergency fund available in case you overdo it... which might sometimes end up happening, and it should be minimized that you are counting on your emergency fund, yet after you maintain an emergency fund for a long enough period of time and you get used to maintaining an emergency fund, then you should come to realize how to use it and the creation of your own personal boundaries for when and how to use it..
Well spoken Mr JJG, emergency funds are very important for every Bitcoin investor who is into long term holding. Emergency funds are the basic things any Bitcoin investor should set aside before going into investment. Just as you said most times we get too tempted to overdo our investment due to the market movement, especially now that we are close to the halving and would be experience th bull run thereafter. Most times I sit back and wonder if I'm out of my mind for making some aggressive decision in accumulating Bitcoin, but then I realize that every decision concerning Bitcoin is worth the risk, and that is how move on.
After stumbling on those 9 factor and examining my condition, I think I need to work on number 8 because, my application of accumulating strategy isn't flexible and I need to update myself time to time. However it's not all that necessary, especially for newbies. I think the category of person worthy of trying this strategy are those above the newbie stage, newbies in Bitcoin holding are advised to stick with DCA until you seem comfortable of holding without hitting the sell button, then you can go ahead in exploring other strategies. I am still applying buy the dip with DCA and this is the best I have seen so far, don't know if there are other strategy better than this for now, but I think I am comfortable enough to make some changes.