It is important before investing to prepare an emergency fund first, so that when there is an urgent need not to sell bitcoin in the middle of the road, anyone who provides emergency funds will be safe from any needs.
Are you telling me the prospective Bitcoin investor should continue to wait???
This is why some people did not invest in Bitcoin till today, it's one excuse or another and it is hurting them more than you can imagine with the progress Bitcoin has made so far. We should shun excuses and a perfect financial budget but "risk." That is why they call it "risk" and I tell you that some people must have even risked their so-called emergency funds in Bitcoin and are very rich today. Is it not their joy?
This emergency fund is exaggerated at times, it is not the money to pay your usual bills but for unforeseen situations, "which may never happen," so why not try to multiply it with Bitcoin in bull season? Needless to say, your funds in Bitcoin are accessible at any time if at all you have a reason to withdraw it or some of it. Why not take the risk instead of keeping it in the bank and letting the bank make money on you while you earn nothing? This can only be dangerous if you don't have access to your BTC. And who knows, you may never have a need for the emergency fund for years, which makes it wise.
There are things that are beyond our control, no one can predict the future or tell what will happen in the next minute or hours. If you are investing in bitcoin for a long time there is always need for emergency funds because
This is what will safe guard your investment incase of any emergency. No matter the kind of plan we may have put in place as regards our investment there is always need for emergency funds as something beyond our control may crop along the line to derail our plan of holding between for a longer time however with your emergency funds you will be able to hold your bitcoin till the anticipated timeline because you have money you have put in place in case of emergency. So what are this emergency, like accident, death of love ones so many unpredictable events. Have you asked your self why cars always have spare tyres, your emergency fund is like a spare tyre of a car to your bitcoin investment.