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.
You yourself are confused and are confusing others, if you are a gambler then you have shown signs of addiction. Because by investing in Bitcoin you have to move towards the future in such a way that there is no shortage of the present. You will definitely understand why you need an emergency fund.
Because you are doing your Bitcoin investment regularly according to the DCA method, suddenly you become ill and could not join the work, what can you do immediately? Of course, there is a need for an emergency fund here, an emergency fund is necessary for this, if you have to face any danger, then this emergency fund has to be used. That is why we use an emergency fund so that there is no danger when moving towards the future with Bitcoin investment.
I agree with you, we can never predict when an unexpected situation will occur in our daily lives, people's lives can become uncertain at any time, any kind of danger can come very naturally, so not only investing is not enough, but you also have to ensure all kinds of security to keep your investment safe, and for this, there is no an alternative an emergency fund. In addition to DCA, it is essential to prepare an emergency fund, an emergency fund is actually the security of your investment, which will protect your investment from loss. Therefore, people should understand the importance of both the DCA strategy for Bitcoin investment and the emergency fund to protect investment, and should definitely pay attention to these two things.
GIF-JOBS you are right, it is very true that unexpectable things can happen which may lead you to dip hands into your Bitcoin investment, and that is why having a backup funds is important so as to help prevent dipping hands into your Bitcoin investment in the future when the unexpected happens.
Some set of people may say what if the unexpected or emergency eat up all your backup funds and you still dipping hands into your Bitcoin investment what is then the need and importance of backup funds, first of all I pray as investors that we never fall in a situation where we have to use up all our backup funds to solve an emergency and is still not enough and we end up dipping hands into our Bitcoin investment, but even if such emergency or problem happens in our life if you have backup funds and it end up eating up all your backup funds and then you still dipped hand into your Bitcoin investment to solve the emergency it is better that way than for you to stay without a backup funds and a situation like that happened, you will sell all your Bitcoin and still the emergency or issue is still there and since you don't have backup funds to support you the emergency or issue will end up destroying your life so you see backup funds is very much important no matter what.