Making one's Bitcoin investment as part of his emergency funds is a very big mistake and should not be done, but how will someone even think of that even as a newbie I don't have such mentality because I know I will end up running down my Bitcoin investment if I do such.
Sure, there are probably a decent number of newbie investors who don't realize that they need to keep some kind of emergency fund, back up funds, reserves and/or float, especially when they are investing into something as volatile as bitcoin, and we might presume some of that is common sense, even though it is a somewhat basic mistake that newbies might end up making yet fairly easily they should be able to learn their way out of something that is somewhat basic like that.
Bitcoin investment is a good one and should be treated with seriousness a lot of people wished they could take back the hands of time so they could take there Bitcoin accumulation seriously, of you plan yourself very well I believe you will succeed in the wonderful journey, for me I'm hodling bitcoin till we shock the world with how great Bitcoin will grow, a lot of people believe Bitcoin won't grow more than this but that's not it Bitcoin has not grown half of it's scarcity so it will keep growing.
Of course there are a lot of people who either hardly have any clue about bitcoin or they have failed/refused to act in terms of investing into bitcoin, so the fact that somewhere in the ballpark of 99% of the world's population does not own any bitcoin or they ONLY own some token amount of bitcoin, likely demonstrates that we are still early, whether folks want to believe that or not.. the more that we learn about bitcoin, the more likely we will realize that we are still pretty early in terms of both what bitcoin is and what it is likely to become based upon what it is and where it came from.
This aspect has contributed to so many investors selling off or diping hand to their Bitcoin holdings prematurely. It's important for investors to understand how these back up funds can be helpful in regards to holding for a long term. A lot of investors makes this mistakes, Holding Bitcoin for a longer period, there has to be a balance between personal issues and investment. Investing in Bitcoin is not like a daily income generating assets that you can deep hands into at any moments, long term purpose requires setting aside funds that gives you back up not to intefere with your bitcoin accumulation. Along acumulating journey there are unforseen situation that will be faced but this funds are what we fall back to.
Yeah you are right JJG, Bitcoin is still in it's earliest stage, still spreading gradually and Attracting more individuals day by day. Numerous number of world population is not yet involved in bitcoin, but with the way bitcoin started, its capabilities and future potential I think the world has not yet seen the maximum potential of Bitcoin. As worker or income earner investing allocating percentage from your income into Bitcoin for years, can serve a better purpose in the future.