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.
Emergency fund is not only important for investment management, but emergency fund is also an important part of life management. Whether you are an investor or not, as a human being you should feel the need for emergency fund or give importance to emergency fund to manage life. Since it is not our purpose to talk about life management, it is different from society to society or from nation to nation.
You can never ignore backup (emergency) fund as an investor unless you are a billionaire or millionaire. If you own a lot of money, you may not need emergency fund, but for a common person, at least having an emergency fund is necessary. Because, you can never guarantee your life or you do not have any specific information about your future. In that case, you must be prepared for all possible situations by planning ahead and taking appropriate steps. So that you can keep your investment alive even in every adverse time of life and its growth is not hindered.