In the end, each person needs to assess how much to invest into bitcoin versus how much back up funds that they need on the side for various expenses, and various extra expenses that come up from time to time, and so a person is going to be in a much better position to make sure  that he has extra funds (even if they don't seem that they are working) then to get caught with their pants down and have to sell some or all of their bitcoin at a time that was not of their own choosing due to their not sufficiently prepared enough back up funds (such as an  emergency fund). 

The fact of the matter if a guy creates strong back up funds including an emergency fund (and also other kinds of strong cashflow management to calculate his expenses and to make sure that he is not using funds that he needs for expenses to invest into bitcoin), then he has put himself to be in a position to be aggressive, and perhaps even a wee bit over aggressive from time to time and in strategic ways because he has put strong systems in place and he is not engaging in blind risky behavior that will end up biting him in the ass, sooner or later if he is engaging in repeated episodes of unnecessarily putting his bitcoin principle at risk.

Many of us also realize that if we are starting out  with relatively small amounts of back up funds,  we can still invest into bitcoin, yet we likely need to be building up our back up funds with our bitcoin, and surely the larger  our bitcoin stash becomes, then the more likely we are going to want to have stronger cashflow management and/or back up funds in place so that we do not have to tap into our bitcoin at a time that is not of our choosing, and if we are seriously investing into bitcoin then it is may well be that we are planning  for building our bitcoin investment for 10 years or more, so we don't want to be engaging in sloppy practices that cause us to deplete our bitcoin stash at various inopportune times.

Also as DubemIfedigbo001 mentioned in his responsive post, the reason that you seem so excited about the idea of going balls to  the wall to use emergency funds for investing is because you are not even talking about investing, since investing is a kinds of sustainable approach to be able to stay in the game, but instead you want to over-accummulate in the short term and then hope that you can ride out any short-term volatility,  with an ultimate goal of being able to sell the extra accumulated amount in the event that the BTC price goes up.. so yeah, you are short-term over-accumulating and hoping the BTC price goes up rather than down so that you don't end up getting screwed.. that is not ONLY referred to as trading it is also referred to as gambling to be using money that you either need for expenses or that you might need for expenses, and you are putting your own finances in a situation of experiencing situations in which you don't have enough cash.. therefore creating your own emergencies (or greater likelihood for emergency) merely based on your YOLO approach to wanting to gamble and to advise others to go down a similar reckless path.


EarnOnVictor is recommending that we engage in more risky behaviors to tap into our emergency fund at supposedly strategic times so that we can potentially make more money on bitcoin when it goes up (if it goes up?), yet he is failing/refusing to appreciate that his recommendations increase the chances that emergencies will end up taking place because we are not necessarily going to be able to have as much comfort to deal with any kinds of variation in our cashflow such as loss of income and/or increase in our expenses.. .We end up having little to no cash cushion in situations that EarnOnVictor puts us into, and so we end up creating our own emergency situations by sloppily and recklessly managing our cashflows.  EarnOnVictor is recommending the opposite to what we should be doing, especially if we want to be in a position in which we are able to both invest aggressively into bitcoin and to also be able to weather through difficult times that can come at any time in bitcoin (and in life)..and difficult situations come a lot of the time, yet EarnOnVictor wants us to go forward with little to no cash cushion and to just take our chances (which is another way of describing gambling with our BTC investment).

Emergency fund can always be used, but it is more important when we are investing in volatile assets like bitcoin, since bitcoin is not pegged to the dollar or  any other fiat,  so the price of bitcoin  can vary a lot from the price of your local  fiat, and emergency funds become more important when you have a bitcoin investment in order that your  bitcoin  investment is not serving as an emergency fund.. which is what a lot of folks (without experience/knowledge) end up inadvertently doing.


Yep.  Emergency funds are way more important for poor people (or more financially challenged people, which truly a large number of people live without much if any backup funds), and so a lot of poor people do not realize how important it is to have back up funds so that they don't end up tapping into their BTC, so frequently they will end up selling way too many bitcoin too soon and not even able to weather through periods that the BTC price is going crazily high, then they will end up selling too many too soon because they see profits and they fail to have other funds or other ways of employing strong cashflow management so that they are not tempted to dip into their BTC, even if their BTC are "in profits.")


Since we don't know you Dee_BlackdAddy.. maybe you should be trying to make your posts relating to your own personal bitcoin-related experience rather than just throwing  out abstract ideas about best practices when maybe we need to know more about what you are doing so that we can get to know you MOAR better...and maybe we might become better able to understand why you might be saying the things that you are saying.


If you might not have realized that my point is that most people already have some kind of an emergency fund.. so there is no need to be overly preparing when the most important thing is getting started rather than fucking around with delaying excuses.. so stop trying to act like I am saying something that I did not say.  Do you have $10 or not?  if you have $10 you can get started.  No reason to overly complicate matters in regards to getting started. Now in order to keep investing $10 every week, then that is going to take more focus on making  sure that you are not spending beyond your discretionary income...since part of the reason for an emergency fund is to make sure that we are not investing beyond our discretionary income, and if we don't have any discretionary income, then we should not be investing into bitcoin until we can at least get that part figured out to make sure that we are investing from our discretionary income.


It sounded to me that you were saying that an emergency fund was needed before starting, and surely that could become quite complicated in terms of figuring out how much of an emergency fund that you believe is needed prior to  getting started.  You were ambiguous on that point, which contributed to my concluding that you were proclaiming that having an emergency fund was more important than getting started.


If a person is brand new to considering investing into bitcoin, has that person thought about the possibility of having to spend 6 weeks in hospital? or are they just thinking about it as an excuse to not get started? 

If we are talking about a person who is totally not prepared for anything and has absolutely no cash, and does not know where his next paycheck  is coming from,  then maybe he is not in a position to get started investing into bitcoin.  You think that determining to  buy $10 worth of bitcoin should  be less important than making sure that you have the ability to stay 6 weeks in the hospital?  Were you thinking about this prior to learning about bitcoin or you just thought about it as an excuse to not get started to buy your first $10  worth of bitcoin?  I don't understand the supposed dilemma that you are suggesting to be present that would cause a need to delay any newbie in getting started with his bitcoin investment journey.


You were describing a waiting strategy. You said wait until you build up your emergency fund first.  That does not sound like DCA  to me.


We are in a public thread, and we were not just talking about you.  You were saying that you thought that it was a good idea to build your emergency fund first before getting started.


If you are saying to build your emergency fund first, that sounds like delay to me.  That's how I read it.


Of course, you can do both, but that is not what you said in the beginning.  You said to make sure that your emergency fund was in place first.


Not withdrawing from the investment should be the goal,  but  it does not  need to delay getting started and buying your first $10 of bitcoin, especially if you figure out that you have $10 available. You were considering to buy $10 worth of cigarettes to smoke over the next two weeks, but instead of buying the $10 in cigarettes, you decide to not smoke for the next two weeks and buy $10 worth of bitcoin.  What is wrong with that?  It is a trade off. You already had the $10 that you were going to use for cigarettes, but you change your mind. It is not like the cigarettes were needed.. they were optional. .they were discretionary.. So instead of using the discretionary income for cigarettes, you decided to buy bitcoin with it... That means that it was extra money that was beyond your needs for expenses..at least in regards to that initial $10.   Sure, for next week you might have to figure out if you have any discretionary income, but at least you got started with your first $10 and you are going to have to figure out whether and/or the extent to which you continue to have discretionary income that you are able to continue to buy bitcoin on a weekly basis (or whatever other determinations you might subsequently make regarding additional bitcoin purchases, if any?).