I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.
If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.
Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.
I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.
Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.
But when your finances are still healthy then continue your DCA to invest in bitcoin.
However and in any case management must still be applied especially when it comes to finance, another thing is that I quite agree with the idea of your statement about how to have a good approach by having a balance in terms of finance and one of them is like setting up an emergency fund before you get involved in bitcoin accumulation. This method is really recommended, especially especially for people who have medium or even below average finances, as the discussion this time that we will never know about what will happen in the future in our lives, it is very possible that we can experience unexpected things such as experiencing things that require emergency funds such as illness and require medical expenses, and obviously if we have not prepared an emergency fund at all, then obviously the more likely thing is that you will sell some of the bitcoins that you have and that you have maintained so far.
On the other hand, I think it may not be uncommon for investors to experience situations like this so that in the end there is no other way but to take or sell some of their bitcoins to solve problems in urgent situations. Therefore, planning is really a very important thing that must be prepared in advance such as preparing a number of things that are needed and one of them is like an emergency fund. Honestly there is absolutely no compulsion for anyone to get involved in bitcoin accumulation, if indeed you are still a schoolboy then I think this situation is not too appropriate for you to start getting involved, unless indeed you are already working and have your own salary and feel sufficient in terms of income then go ahead if you want to get involved in investing. Simply put if indeed you feel capable in terms of finance then please with a record of having a good understanding of the world of investment, my advice is not to focus too much on profits because after all investment is about profits and losses meaning you can profit and you can also lose and this can be one of the reasons why risk management is really a very important thing for a prevention or action to minimize.
Back to the original discussion that emergency funds are really needed to minimize the unexpected and this method will make you calmer and I think will not interfere with the DCA method that you are running, this is useful for maintaining and increasing the percentage of maximum profit at the end of planning and involvement.