I agree with you that after securing the present, the future has to be secured. That is, first think about survival and then fulfill your future dreams. If a person invests all his monthly income in Bitcoin or any other field, it will disrupt his normal life. Therefore, he should create an emergency fund with the aim of making the right investments.
So that in case of any danger, he can spend three to six months stress-free without anyone's help. And since the emergency fund is for emergency times, this money should be kept in a place where it can be easily accessed when needed. Along with this, an investor should have a risk-taking mindset.
It is natural for the price of Bitcoin to rise and then fall. It is important not to be too happy because the price rises today but to keep in mind how to stabilize yourself if the price falls tomorrow.
Yes, you are right. Before planning for the future, we should be busy with the present time. If real life is disrupted and there is a mistake in managing real life, then we should be busy with solving it first. Because, before entering the future, you have to live in reality. That is why your discretionary income is given great importance to start investing. So that you can meet your daily needs to survive, then focus on arranging the investment plan (in future planning).
We can even consider the emergency fund as part of the near future plan. Although many still consider the emergency fund as part of the future plan, but that future may not be very far away. You can consider the present time as an emergency, which can happen at any time. So keep the emergency fund always ready and easily accessible. The most important thing is, never interfere with the emergency fund except in an emergency.