But before a newbie start accumulating it is always advisable to have built an emergency funds at least 3-6 months.
I really doubt that it is necessary to build up an emergency fund of 3-6 months prior to investing into bitcoin... People woudl never invest into bitcoin if they have to build up their emergency fund in advance..
Sure maybe the emergency funds and the bitcoin investment could be built up at the same time.. at least until a person gets to around 3 months of an emergency fund.
I speculate that an overwhelming number of folks who do not have investments, they still might well have a practice of having 2-4 weeks of floating cash that they might not call their emergency fund, but is serving as an emergency fund, so if a person is starting from a point in which s/he already has some floating extra money that is already available, then there likely is a need to just consciously build that amount while also beginning to invest into bitcoin, and yeah, sure the investment into bitcoin may well have to be whimpy and/or conservative in the beginning while building up the emergency fund to at least 3 months and then once the emergency fund is 3 months or more, then there well come more liberty in terms of becoming a bit more aggressive in his/her bitcoin investment (DCAing or otherwise accumulating BTC).
Doing that could provably destroy their focus on accumulation and might they might create some misconceptions regarding on what are best thing to do when they are starting up.
So what I think much better for starters to do is to focus first in their investment and once they already see the results like they are already gaining with their investment then they could able to start building up the funds intended for emergency situation.Since this could give them clear mind to decide next good actions that can make their life became more better compare when they are starting.
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You are misunderstanding what JJG said, and this your investment strategy of building up your emergency funds after you have invested and see profit is gambling. The reason why I said so is because no one can predict the price movement of bitcoin if it will dip or pump. If it happens that you are busy using DCA method to accumulate bitcoin without considering building your emergency funds along side with your investment, and you have accumulated a good amount, what if bitcoin price falls very dip and you havenot seen any profit yet, you will start waiting till the price pumps to the amount that you will become profitable in the market. If a real emergency happens during your waiting period at the dip, you will sell your bitcoin at loss to handle that emergency and you will become frustrated for wasting time investing without having a back up.
Bitcoin investment should be done for a long term and for that reason a lot of financial challenges will come our way just to distract us and if you are not well prepared for them, they will devour your bitcoin investment and take you back to square one. Selling your bitcoin during the bull run and using part of the profit to serve as an emergency funds might not come to pass, because before you will survive to the bull run, and emergency will come. This is why for a new investor into bitcoin without any funds available for him to set aside as his reserve funds should use one part of his discretionary income to build his emergency funds and use the other part for regular DCAing no matter how small the amount is for a start. It is the size of your emergency funds that will determine how aggressive you will be along your way up.