The poor investors might not want to shake out their bitcoin too soon but by having bad financial management, it leads to many bad things consequently including their cashflow management and unexpected sales. When they suddenly have needs of cash while they don't have cash for emergency, they have to sell their bitcoins unexpectedly. If they can hold it longer, they might have profit and I believe they know it too but it's just they have no other choices and are not able to hold in urgent situations.
Before investing, it's crucial to have a solid foundation in place. Proper planning, including building an emergency fund, is just as important as the investment itself.
Investors should prioritize setting clear financial goals and developing a long-term plan to avoid being forced to withdraw funds prematurely. By doing so, they'll be better equipped to handle financial challenges and hold onto their investments for better returns.
It's not important for your to build an emergency funds in place before you start your bitcoin investment and it is not necessary. This is because you will be wasting the time that you are suppose to use in start accumulating bitcoin to build an emergency funds as a no coiner. Emergency funds is to be a backup for your bitcoin investment and when you don't have a bitcoin investment what are you backing up.
If you don't have little funds on you to serve as your emergency funds in the beginning when you want to start your bitcoin investment with your discretionary income, there is no need waiting to build an emergency funds, you are to get started immediately. Provided that you have your discretionary income, all you need to do is to share it into two parts, use one part to start your bitcoin investment with DCA buying regularly every week, and use the other part to set up your emergency funds as you're building your bitcoin investment.
If your emergency funds is up to three months of your income, you can build a reserve funds and after that use that funds to add to your initial DCA amount to invest aggressively. Don't let the waiting strategy delay you from building and growing your bitcoin investment in a fast pace. Sometimes, emergency funds can take more than a year to set it up to three months of your monthly income.