Bitcoin is a savings that is kept for the future. If a person creates Bitcoin as an emergency fund, then he is making a big mistake. Because investments are made for a long term period such as 5 to 10 years. And we create an emergency fund to protect our portfolio. But there are some people who use Bitcoin as an emergency fund. If you are a person who does this, then he can find himself in many bad situations. For example
*If the price of Bitcoin decreases and then that person needs money, then he will have to sell it at a loss
*If he sells at a loss, then he will be behind in terms of money and then that person will have to take a loan.
*He will break down mentally a lot.
*He may blame Bitcoin, such as Bitcoin is fake etc.
Bitcoin is very risky, but not for everyone. Because I think Bitcoin is very low risk for people who can have proper knowledge about Bitcoin and hold their holdings for the long term. Bitcoin is very risky for people who invest in the short term or use Bitcoin as an emergency fund.
You did the right thing to guide newbies on how they should go about their bitcoin investment without getting burnt, but you don't use the right words to guide them to invest in bitcoin without getting burnt because newbies can still provide their backup funds and still end up selling their bitcoin at a loss when they need money to solve their expenses. But if newbies stick to only investing in bitcoin with their discretionary income and they also provide their backup funds, there's no way they will sell their bitcoin out of fear even though the price of bitcoin decreases because they use their discretionary income to invest in bitcoin, and they can use their discretionary income the way it pleases them. Bitcoin is for everyone, but you can't force someone to use Bitcoin or invest in Bitcoin.