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I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin. My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

It is not necessary to prepare an emergency fund before starting to invest, but rather to start investing first and then prepare an emergency fund. We must definitely pay attention to risk management, but after starting to invest, it is never a good decision to waste time on funds before starting to invest. Because if you do not have any investment, then what are you creating an emergency fund to protect first? So first of all, after creating a strong source of income, you have to start investing immediately, when it comes to starting to invest, delaying for creating any fund is never a good decision.

Even though I don't subscribe to the idea of waiting to gather everything before investing I also don't subscribe to starting without an emergency funds, maybe you have forgotten emergency funds and reserve funds are the things that keep our investment sailing.

Yea it's true that waiting to have it all before before starting your Bitcoin accumulation is a terrible way to go about your Bitcoin investment because by doing so you are wasting valuable time that should have been used to accumulate a reasonable stash of Bitcoin.

Then as for the case of an emergency funds, it's not a must that you must have an emergency funds before starting up your investment, you can start with the basic knowledge you have, along the line during your accumulation process you can start keeping an emergency funds aside in case of real life emergencies.