but if we have steady income and discretionary income, we can possibly start investing in Bitcoin without waiting to build up our emergency fund at the beginning of our Bitcoin investment. It is better to get started with our bitcoin investment.
anyone that is just getting started with bitcoin, can start accumulating bitcoin if he or she have a source of income and discretionary income, because waiting to build up emergency fund before you can get started may delay your investment junney or it might even make the person to loose interest if he or she see that bitcoin price gone higher, he or she will start feeling it's too later to invest, that's why it's very important to get started to avoid loosing interest in the future.
Emergency funds is a must have for everyone who wants to embark in bitcoin investment, especially as the focus is on long term investments and holding, you can over ride having your emergency funds only when your goal is not based on a long term strategy which is very wrong, probably you just want to key into bitcoin investment for a quick profit, without knowing its volatility . You might have a nice flow of a source of income but if you don’t make arrangements for your emergency funds it is capable of ruining your investments before you know it. One thing I like about bitcoin investment is that it doesn’t necessarily requires you to start with a very huge amount, and for someone to be able to have the mindset to start investing in bitcoin with the little source of income coming, I believe same person should be able to make arrangements from there for emergency funds so you don’t panic to sell immediately due to a little downturn in the market or to use it to settle an urgent financial need.