Consistently doesn’t really have to be a process of buying with huge amounts that is why it is necessary to always have a reserved funds, and emergency and floating funds. This can really help us to dive into the market and enable us to be consistent and aggressive to buy smart.
In all your consistencies and aggressiveness in your purchases, leave your emergency fund out of it, plan your purchases around your discretionary income, manage your cashflow properly so that provisions for your consistent purchases are made without your emergency fund being utilized in the process. This is necessary for your holdings to survive longer. Taking chances with your emergency fund is only endangering your portfolio.
exactly I agree with you on this one no matter how consistent and aggressively an investor want to be in accumulating bitcoin he or she should never use his or her emergency fund to accumulate bitcoin, because using your emergency fund to accumulate bitcoin is a very wrong approach to bitcoin investment and it can endanger your bitcoin investment and make you sell in lost when emergencies arises and there is no emergency fund to handle those emergencies, which is investing mistake, only accumulate bitcoin with your discretionary and avoid been tempted to tap into your emergency fund to accumulate bitcoin aggressively or consistently, for that is the best way to approach bitcoin investment.
Emergency funds can be used if the investor understands that he will get his money in a very short time. Some times it may case that the withdrawal of money from the bank is not possible within 2-3 days due to a technical error or some other reasons or if it is not possible to transfer it quickly due to the bank being closed, then the investor can use his emergency funds. The investor knows that he will definitely get the money and after getting that money, he will be able to refill his emergency fund. In this situation, investing in an emergency fund is definitely a good idea. It is not always possible to find a dip, but if someone finds a dip for a short time and in that case there is a certainty of getting his fund, then investing in an emergency fund can definitely be profitable. It is okay to not invest in an emergency fund if it is too late to receive that money.
Just becauseBecause you couldn't have access to your money in the bank for 2-3 days is not a valid reason for you to use your emergency fund to invest in Bitcoin. An emergency fund is meant to solve your unexpected problems and not to be used to invest in Bitcoin, even though you intend to replace it by the time you have access to your money. It would be better to make use of your reserve fund to invest in Bitcoin because if an unexpected problem happens, you can still solve it with your emergency fund. What if an unexpected problem occurs before you replace your emergency fund? Which fund would you use to solve it? You will have no choice but to sell your bitcoin investment to solve your unexpected problem. Since you are investing in Bitcoin for the long term, there's no need to be in a hurry to accumulate Bitcoin. If you couldn't have access to your money in the bank for 2-3 days, don't use your emergency fund to invest in bitcoin; wait until you have access to your money in the bank before you invest in bitcoin so that you will be on a safer side to solve any unexpected problem that may happen within the 2-3 days you couldn't have access to your money.