emergency funds is very important that every bitcoin investor most have but it not that necessary that someone most have emergency funds before it can start it bitcoin investment
IMHO.
It's important that someone has an emergency fund before they invest in any investment or to Bitcoin.
Why? Because if someone spends his emergency fund into investment and they need it for what it is intended for.
You'll get the picture of what will happen next and that's about selling that. So, it will become no use if someone wants to invest for the longer and yet they have to sell it for some unforeseen event.
When investors intend to embark on a long term investment like buy and hodl,i think he/she must have make good provision for emergency funds time before now,it is quite obvious that bitcoin investment is pretty different from any other investment you might think of but its returns is always massive.
But its volatility nature and the market price is what prompted every investors in crypto space to take emergency funds serious because it will enables you invest with less emotions and with calculative risk as well.
The importance of the emergency funds in bitcoin investment can never be overemphasize because it helps you not to tamper with your investment and it will also encourages increase in profits in your investments despite the market movement.
As an investor, i think we should try as much as possible to place premium on emergency funds,if only we really want to adopt buy dip and hodl strategy in bitcoin investment,is another way of managing risk.