You must have a source of income if you must succeed in your holdings.
For the few years I have been into cryptocurrency, I have discovered that you can't hold till the right time if your don't have a source of income. Just imagine that you have a pressing basic needs like feeding or rent, then you don't have money to finance it, you will be forced to sell your Bitcoin at a loss if you don't have a source of income outside your holdings.
Most people that have sold their Bitcoin holdings at a loss or at an average price actually have the patience but don't have the knowledge of how to hold, because a good holder must be aware that he needs a source of income for him to be able to consolidate to his holdings.
It has happened to me severally, I have been able to hold now, since I started working as a merchandiser with Guinness, I think most times, experience is the best teacher.
Indeed, the importance of having an Emergency Fund cannot be overemphasized, like someone said, if you're holding Bitcoin without an emergency fund, you can't call yourself an investor because you're not investing but gambling with your asset. Surely Emergencies are inevitable so they'll come whether you see them coming or not, so it's only best you prepare for it so you won't be taken unaware. Because if you don't have a reserve for emergencies, then you'll be forced to run back to your investment every single time you need money for an emergency.
Just imagine going to your investment whenever you need money for rent, or whenever you need to get supplies for the house or maybe when you wanna sort the bills, you'll be killing your investment gradually, because rather than growing, it'll be diminishing every single time you touch it.
So Emergency Funds are a must if you wanna have a successful investment.
Aside from having an emergency fund, it is important to have a steady job that can provide for your financial needs. While investing is a good way to grow your money, it is important to keep in mind that you cannot sell or move your investment unless you make a profit. It is also important to avoid investing money that you will need to withdraw later to pay your bills, as this can hinder the success of your investment.