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.
Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.