It is very important to make sure we have a good amount of money for emergencies before going into Bitcoin investment (especially when you are planning for the long term).
I will say that you do not need to establish your emergency fund prior to getting started in investing into bitcoin - especially if you are investing for the long term.
With that, we can successfully invest in Bitcoin without selling any part of it just because we want to solve some kind of emergency issues. On Bitcoin investment there are some challenges an investor faces. The things there are, when you are not properly prepared for the long term investment, you can't afford to continue investing because you are not yet ready, and what makes you ready for investment is how much you are paid as salary and how much you already kept for emergency cases. Even if you are already investing before knowing this, you might not end well because there are things you failed to do/understand, and those things are:
*Making sure you have a good amount separately for emergency cases
*Knowing the best method you can use for your investment plans.
*Having good knowledge about the kind of investment you are in so that you will be able to strategize the kind of methods you can use for the investment.
I believe with these 3 points one can successfully know what and what's needed before investing in Bitcoin.
That information is good, but you do not need to establish all of that prior to getting started in bitcoin. You can simultaneously get started in bitcoin and get the stuff you listed into place. So you are wrong in terms of suggesting needs to establish those things prior to starting your investment into bitcoin.
Well, it's quite funny how many people rush to invest in Bitcoin because they believe that we are in bull season, so they are expecting to accumulate Bitcoin before then. We all know fully well that it doesn't work that way, investment is a due process thing, and you will need to get knowledge from knowledgeable people or do your own research into it before you start investing. We don't have to rush into Bitcoin because we want to make profits so quickly.
Wrong.
The error or an overwhelming number of most people is not getting started. First thing. Get started..do stuff.. and even if it is just $10 investment to start.. At least at that point you are started. Yeah you can work out the details later, and yeah you should be thinking 4-10 years or longer, so if you are planning on some kind of short-term then that is likely erroneous, so there are people with wrong mindsets, but that still does not necessarily mean that they should not get started, especially if they understand the foundation of investing into bitcoin as being 4-10 years or longer.
Besides, one can not accumulate 1 Bitcoin if one's getting just $300 a month (that's impossible), so as Bitcoin investment is an asset, it's good to maintain the due process instead of rushing to invest, then you still end up making mistakes that are unforgettable.
Waiting is not an investment strategy... whether your starting goal (ideas) is 1 bitcoin or some other amount...
Hmm, I get the point now.
Even without any knowledge, one can still start investing in Bitcoin and in the process of investing one can learn.
It's true because it's said that experience is always the best tutor, so if one that doesn't know anything about Bitcoin starts his/her investment, then he could be able to learn as he's investing.
One important reason I see that learning before investing is because, in the process of learning, the clock ticks and once the person isn't investing and learning at the same time, any opportunity that passes will not come back, and it will be very hard to achieve what has passed.
I took my time to read through your quotes concerning my comments and I see where the errors are. There's no investment without plans, but talking about Bitcoin investment, and putting the long term in front, it doesn't require one to gather the whole knowledge of Bitcoin before investing in it. As Bitcoin is concerned, one can not learn the whole thing inside Bitcoin. That's why, as one is accumulating Bitcoin, he will learn gradually (every day new ideas are added). Faithfully, if one is planning for a long-term investment, since it's a long term something he's planning for, he could learn a lot of things that he couldn't learn in the days when he hasn't started investing. If one has already started investing, Bitcoin is immediately fluctuating, he will learn a lot from the ups and downs of Bitcoin, and he/she could also be able to get more experience from there.