So being directionally correct pays off even if there are likely to be some mistakes along the way. .and the mistakes may or may not be perceptible at the time that they are being made... there can be some questions or tensions regarding how much of a balance to keep in various accounts that we might create. .and questions about whether we can put off some expenses (defer them) or if we might spend time trying to earn more income or if we might set aside some value to prepare for dips, and how much value do we want to keep on the sidelines for preparing for dips versus just buying right away or spreading our BTC buys out over a whole week..
However, in the strategy that I have done, I am not too interested in focusing on setting up reserve funds to wait for cheap price because I tend to accumulate Bitcoin every two weeks. So I think I will get a chance that might be more accurate to get a cheaper price.
Saving up a reserve fund doesn't mean you will use it to accumulate bitcoin when the bitcoin price is in a dip. The reserved fund is the fund that will help you in the future to take care of your financial needs when you lose your source of income or job, so that you will not depend on your bitcoin investment to settle your personal needs.
Some of these arguments about what to call and how to use your emergency funds, reserve funds and/or float money may well be semantical arguments, but at the same time there can be some practicality in regards to how much cash anyone might build up in those kinds of funds and for what purposes they might assign the funds without ending up putting themselves into a bad situation in which they might use too many of the funds when actual emergencies might end up thereafter presenting themselves and they do not end up having sufficient funds in order to cover the possible emergencies for which they were supposed to be prepared.
Actually, no matter if you are involved in bitcoin accumulation or not, you still need to have an emergency fund or at least you need to think about a plan to build or have an emergency fund even though basically for example you are not involved in any investment including bitcoin accumulation, but I said that this emergency will be something very important that leads to a preparation as one of the precautions especially to overcome various problems. If it leads to the goal then obviously the most important benefit of having an emergency fund or having an emergency fund is as I said that the main purpose is to overcome some unexpected problems (one of the reasons why it is called an emergency fund) such as for example when you are involved in bitcoin accumulation by always using the DCA method and then at a certain time you experience an unexpected problem that makes you or requires you to spend a certain amount of money to solve the problem, and with the emergency fund then this will prevent you from ultimately not selling part of the bitcoin accumulation that you have been maintaining.
And on the other hand if you are not involved at all in the accumulation of bitcoin then the role of this emergency fund is also not much different as when you are in a bitcoin accumulation situation but maybe the difference is that your main goal is to prepare yourself when at any time you lose your job unexpectedly and clearly this emergency fund will be able to save you from the needs of life that cannot be tolerated. So clearly the emergency fund has a very important role in these two situations, namely either to keep the accumulation that you have been running so far to survive and / or to save you from the needs of life that cannot be tolerated even though you are not involved in accumulation at all.