I think that many of us acknowledge that the dynamics of investing into bitcoin can change with the passage of time
We can later have a change in decision over the investment strategy we take on bitcoin investment, because not every time using the same approach will always have to work for us, we may sometimes also try to improvise more to make use of the opportunity each time or season brings ahead of us for choosing bitcoin as our preferred investment, so we have to be completely dynamic from how we invest in other to avoid being stereotype on using a single approach over our investment for long.
Surely, once an emergency fund and back up funds are established, then they do not necessarily need to keep coming out of discretionary income, so many of us frequently mention that we end up in a better place to start to invest even more aggressively into bitcoin from our discretionary income once our various back up funds have been established.
Another thing that you have mentioned here which needs more highlights is about our backup fund, though lots had been said already concerning this, but we must also understand part of the reason why it is necessary for us to have it, so that it ma not affect our investment and cut us short and unaware in making our way out of any market fluctuations and losses that may accrue to lack of having an investment backup fund.
At this point I think we should pause a little to emphasize on the comparison between the backup funds and emergency funds.
Emergency funds act as a financial buffer for unanticipated expenses, keeping you from dipping into regular savings or taking on debt. These funds are set aside strictly for emergencies, and they’re ideally kept in an easily accessible account separate from your day-to-day finances.
Backup funds generally refer to a financial strategy or reserve to cover expenses when your primary funds are insufficient or unavailable.
So basically, emergency fund is an aspect of backup funds. This fund is to be made available before any investment if any of your investments (Bitcoin) would survive.