A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.
I don't think emergency funds are that necessary when someone has stable sources of income. For example, when someone is a wage earner or salary earner, their income can simply serve as emergency funds if they plan well.The reason why I feel someone needs emergency funds is when they don't have stable sources of income. These are the people who need emergency funds in case anything comes up in the future. This way, they won’t need to dip into their investment funds.However, as long as someone has stable sources of income, those incomes can serve as emergency funds. The only thing is that if someone wants to enjoy Bitcoin investment, they should use the DCA (Dollar Cost Averaging) method and avoid buying all at once.
I can't agree with you at all, because no matter how good your source of income is, you must have an emergency fund. You don't need an emergency fund before you start investing, you should start investing first, and you should prepare an emergency fund within a maximum of two to three months of starting investing.
As you said, if you have a stable source of income, there is no need to be in an emergency, but what will you do, if you lose that stable income? Your job can be lost at any moment, and at that time you will be forced to sell your Bitcoin holdings.
Or suppose you face any unexpected situation such as medical expenses, emergency repairs to your car or house, etc. Now if you solve these problems only from your monthly income, then due to these unexpected expenses, your monthly budget may be unbalanced and you may have to take a loan later.
In short, there is no need for an emergency in Bitcoin investment if you have a stable income. I think this is completely baseless. An emergency fund will provide you with financial security in the long run, and will be a strong solution in any unexpected event.
Many times, you will find that you need an unexpected medical expense, which is much more than your monthly income, then what will you do? At that time, you will have no other option but to sell your Bitcoin holdings, but if you have an emergency fund ready, then even in that unexpected event, you can safely solve that problem with the emergency fund, and your holdings will not be damaged in any way.
Therefore, an emergency fund must be prepared, even if you have a stable income, the importance of an emergency fund does not diminish. An emergency fund will always act as a strong solution to all kinds of unexpected events, and ensure your financial security.