If you have a long-term investment plan, you don't need to worry so much about the market because you are not investing all your money in one day, but you are buying Bitcoin step by step based on your income. Suppose you buy Bitcoin twice in a month and the market is not in the same position both times, then if you buy Bitcoin with a relatively large amount of money the first time, the next time you may have the opportunity to buy Bitcoin with a relatively small amount of money. Those who plan to invest for the long term but think a lot before investing that their money will be lost or whether they will be successful, they cannot actually invest most of the time.
Firstly, I Like the mindset of not putting everything in at once and just building your position slowly over time is actually hw I see it too. People overthink and try to time the perfect entry, but staying consistent and buying bit by bit makes more sense..
First of all, you have to take risks and invest with risks and maintain the continuity of that investment. When you see that you can invest consistently and you have no doubts about the market, then you can form an additional fund to strengthen your investment even more. This additional fund will help you to be more regular in investing.
Also I honestly don’t even see Bitcoin as something risky anymore, not if you come in with the right mindset. It has already proven itself over the years. The main thing now is how smart and disciplined you are with it. It is not really about whether Bitcoin will work, it is now about whether we know how to plan and position ourselves properly.
For example, when you don't have enough money to invest, you can use this emergency fund to invest. This is a good advantage wof building up an additional fund.
Now, about the additional fund you mentioned, I feel that too. But it should not be called an emergency fund. Emergency funds are for serious life stuff like when you fall sick, lose ur job, get hit with sudden bills, or have family responsibilities. That money should be left untouched for life issues.
For Bitcoin investment, i believe it should come from your discretionary income, money left after you have sorted your main needs, paid your bills, and saved what you need to save. That extra money you are not depending on for anything urgent, that is what should go into Bitcoin. It allows you to keep building ur portfolio without stressing or shaking up your life when things slow down.