I really find all this your advice very helpful and I have learnt alot from what you just said here, because there was a point I was buying bitcoin aggressively going beyond my financial capacity because of a DIP that occur and my friends where buying bitcoin aggressively so I decided to follow which almost made me to invest all I had in bitcoin, but thanks for your advice that everyone should stick to their fanancial capacity and not to over do.
So, as you know, I am not against the idea of investing as aggressively as you can, even though you have to also account for your own boundaries, and if you are not sure if the money is available or is going to be needed in the future for expenses, it is likely better to error on the side of keeping your money available until your expenses are confirmed rather than investing it and then realizing that you made a mistake.. and sure we all make mistakes, which is another reason to build and maintain various kinds of back up funds.
Even the best investment opportunities mean nothing without proper financial safety nets, i can confirm that cuz I did the same thing last year, I bought a significant amount when Bitcoin was around $55K but due to bad money management, I had an emergency and was forced to sell and yet, I had the chance to buy at such a low price that in 10 years, I could’ve had a huge amount of capital. You are absolutely right money management is one of the most crucial things. You have to know how to save and be prepared for anything."