However, emergency fund is not mandatory for everyone.
That is a strange statement, and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.
Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.
It is indeed a very strange statement to say that Emergency funds is not mandatory. Anyone who is really interested in bitcoin investment would understand that Emergency funds is a must have to safeguard your bitcoin stash. Anyone who sees emergency funds as not mandatory is either a trader or not ready for bitcoin investment. Gamblers sometimes disguise as investors to spread some false information about bitcoin accumulation and investment strategies.
But there some common unambiguous knowledge that anyone should have...one of them is that Emergency funds is a must have if you really aim at holding for a long time. Tampering with your emergency funds is also another way of leaving bitcoin investment any moment.
Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. :
"0h shit, son.. you invested in bitcoin on the dip and you don't have enough money in the bank to cover your rent, car payments or to go on your planned trip to Hawaii for the upcoming weekend.. . no problem.. .. sure, I wished that you had some better cashflow management skills, but that is not a problem and you can just figure all of that later. ... in the meantime, here is a $20k loan.. .. just pay me back whenever you get your cashflow situation back in order" .. .
In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.
In my opinion, emergency funds are not only a must when investing in bitcoin. But we must still have emergency funds even if we do not invest in any assets. So with this, it is certain that if we invest in bitcoin, we must have an emergency fund. Especially for people who already have families who have more needs. Because for people who are still single, emergency funds are still needed if we invest in bitcoin.
But it's a different story for people who are rich, or born from rich people. Of course, people like that don't need to worry about emergency funds. Because basically when experiencing an emergency, people like that will definitely be helped immediately. Whether it's an accident, illness, or something else that is an emergency. Because basically their family is rich. So when they invest in bitcoin, even without having an emergency fund, they will definitely be safe.
But for middle-class people, I think emergency funds are still very much needed. Because of course when an emergency comes, our grip is only on the emergency fund and we cannot rely on other people. Because if you don't have emergency funds, of course the Bitcoin you have collected will be the victim.