By the way, the management and maintenance of emergency funds, reserves, and floats tend to be way more important for poor people even though it likely is difficult for poor people to establish such funds and such good personal financial management practices. Rich people may well have a variety of investments and they can actually use one of them for their emergency funds, and also if someone is at or near fuck you status, then they can actually use their investments as emergency funds, since maybe they are already able to draw from their investment at a monthly rate, so they are able to draw an extra 3-6 months from their investment without much of any problem, presuming entry-level fuck you status could be anywhere between 12-25 years of income already in your investment (and with BTC I am valuing the BTC holdings at the 200-WMA rather than at BTC spot price).
Hmm, fascinating! Are you saying it is difficult for poor people to maintain emergency funds or have one? If so then, I agree with you because building emergency funds can be very tough especially when one is living paycheck to paycheck. The constant pressure of meeting life's basic needs makes it difficult for people with low finances to maintain their emergency funds and prioritize savings.
Of course, it is hard to build and maintain an emergency fund, reserves and a float, so if you cannot do that, then you are using your BTC investment as a form of trading and/or gambling rather than investing, since for poor people it is more important to build and maintain an emergency fund, reserves and float asince they are going to need those kinds of funds in order to avoid dipping into their bitcoin investment.. and if you don't do it, then your bitcoin investment will likely never build because you will keep dipping into it, and it will never end up building up to much of anything to actually make any BIG difference in your life.
You know it's funny and pitiful at the same time how most people often underestimate the importance of building and maintaining an emergency fund, reserves and a float when it comes to Bitcoin investment, because without these things, ones financial stability is nevee ensured, especially for individuals with limited financial resources.
Just as you pointed out, it'll be no different from using one's Bitcoin holdings as a form of trading or gambling because whenever an emergency arises, they'll always dip into their Holdings which will definitely lead to depletion of funds, rather than building it.
The availability of Emergency funds, reserves and float gives one a form or security whenever unexpected expenses, financial shock and emergencies surfaces. This approach makes sure that one's basic needs are met, thereby minimizing the possibilities of dipping into one's Investments.
Just as you pointed out, in order for one's Bitcoin investment to grow significantly, there's need for one to always have a very solid financial foundation because the absence of a solid foundation would definitely lead to depletion of investment and could often hinder the potential for long-term financial success.
It's also worth noting that having an emergency fund is just as essential as the investment itself because without it, there wouldn't be any investment to start with, because surely, emergencies will occur and you'll always sort them out.
However, I believe the reason why most people do not see the need for an emergency fund is because they live off the salaries they earn from their work places, and so believe that the wages are enough to cover for whatever expenses that may arise, which is in reality a flawed mentality because something could happen and thr income may cease, maybe salary payments being delayed or even job loss. Let's just assume it's a job loss and it takes a couple of months to get a new job, without an emergency fund, the only option would be to either acquire a loan or go to your investment for financial support and assistance.