If you have reached your bitcoin target does not mean that it's selling time, rather you have just transit to your maintenance stage. You can only think of selling part of your bitcoin when you have accumulated more than enough Bitcoin.
After achieving your goal, an investor can certainly sell a portion to enjoy the gains, or plan to reinvest elsewhere, which I think should be done. Because it would not be wise to put all your eggs in one basket. However, that doesn't mean that after reaching your goal, you should sell all your Bitcoin—no Bitcoin holder would want that, especially not me. This is because you would never want to sell a company that you’ve built with your hard-earned money to someone else. Investment is like owning a company or a business. Once established, it will continue to provide you with profits for a lifetime. You could even pass it on to your heirs if they are capable. Just like you would never be willing to sell a company you built with effort, holding onto Bitcoin is like holding a company, and completely selling it might be a wrong decision.
I agree with your comment. Bitcoin investment is a business or company.You are investing slowly for 6 to 10 years and gradually growing your business. When you reach your goal, selling the business is nothing but a fool. Hey, after achieving your goal, you can invest some money somewhere else or do whatever you want. So selling the company is a fool. Gradually, as time goes by, I am a Bitcoin investor and I am sure that the value of Bitcoin will increase and never decrease. There are many whale investors in Bitcoin now. They have accumulated a lot of Bitcoin.
I disagree with you to some point because Bitcoin investment is not really a company reason because there are people who will just invest very little cent and there are also people ( investors) who will invest big cent, so the investor that invested a little cent can not call his or her investment a company but rather it can been seen as a share. Bitcoin investment is just like buying share from a company and keeping it for some period of time so that the value will increase and some people don't just buy and sell they keep on buying and holding. First, you should know or understand that the idea of buying Bitcoin is not to keep it or store it in the wallet forever there is a stage you will reach ( matured stage) you will have to sell some either to use it and enjoy your years of holding or sell to diversify.
Anyone that says his bitcoin investment is like his company is not wrong because a company is not built in one day and after establishing the company, you don't sell your company because you have established it. Rather, you start maintaining it to keep on running and generating profit.
Bitcoin investment is a private company, whereby only you take yoir time to grow and build the company in a long term by your regular DCAing with consistently, persistently and aggressively for 4-10 years and above. You are your own bank and you don't have any worker to pay anything, which means bitcoin is more than a fiat company because you don't stress yourself and the price of bitcoin increases overtime.
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.
Everyone needs an emergency fund and it not for only those who don't have steady source of income. One thing you should know is that in life anything can happen which emergency fund will be needed. One of the qualities of a good investor is the emergency fund because of anything can happen. Just imagine you lose your job instead of you going to tamper with your investment you already have an emergency fund that you can fall to, atleast it can be able to sustain you for the moment.
One who is having a steady source of income with no plan for emergency fund, I think this can be considered as poor management of money. With an investment such like bitcoin, having an emergency fund is very important just to get prepared for the unknown. Sometimes we may have our plan due to the job and income we earn but life can be funny. It is called emergency fund because anything happens and if eventually it happens it is an emergency because it was never expected.
I agree with you 90% of the time. Everyone needs to have an emergency fund if you are not already a wealthy person. That is, if you are one of the richest people in the world, you may not need an emergency fund. But if you are an ordinary person, then adding an emergency fund to your financial management is the most necessary. You may be having a positive moment in life recently, but will such positive moments last forever? In this case, I would definitely answer no. Because this is not a characteristic of a human life. The characteristic of life is that you will have both ups and downs in your life (potential).
I do not see any alternative to having an emergency fund in your financial management as a plan for such potential moments in life unless you are a billionaire or one of the richest people.
Both the rich and the poor people you mentioned all need an emergency fund for emergency fund is not only for the poor people, any way what you see as the most important in Bitcoin investment which is the emergency fund you mentioned is not the most important thing when you went to start up your bitcoin investment but it is important and necessary we have an emergency fund, what is most important in our Bitcoin is our discretionary income which is our leftover income because it is from your discretionary income you will use in accumulating Bitcoin then along the line when you have already started accumulating Bitcoin then you can start sorting out for your emergency fund.
A rich man must not save or keep emergency funds down when investing in bitcoin like an average or low income earner. This is because his financial strength is very strong and he has several streams of income in which he can take from any of them to sort out an emergency when it occurs and it will not affect him at all, because he has the luxury to tap funds from any of his investments or business. Such person has overcome the challenges of an unforeseen circumstances that will occur in future.