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.
Building and maintaining an emergency fund should not be underestimated because is the key when it comes to bitcoin investment because without it one's financial stability is not ensured and when one's financial stability is not ensured holding bitcoin or other investment without selling them out will be difficult.
The availability of emergency funds, reserves and float gives one the security when financial emergency comes. This approach of emergency funds makes sure that they are solved without one dipping into one's investment.
Just like you said in other for one's Bitcoin investment to grow one needs a solid financial foundation because the absence of a solid foundation would definitely lead to depletion of investment and will also hinder one's long time investment success.
Emergency funds are very important as the investment itself, because without it one's investment may crash.
The reason some people don't see emergency funds as so important is because they earn enough salary that can cover up there emergency at any point in time.
But this is wrong because if you lose that job it will lead you to dip your hands into your investment in other to settle your financial needs.
But if you had an emergency funds it will prevent you from using up your investment.