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.
It is totally wrong to sell Bitcoin to settle emergency issues. It is often difficult to find guys in such situations except they invest aggressively without investing with what they can afford to lose. Or they don't divide their income according to it orderly manner, making provision of emergency fund, reserved and more. In a situation where a person focus on Bitcoin investment and family expenses, without taking other backup fund necessary, it will definitely be impossible to have a good cash flow managemet, and this is the reasion guys sell Bitcoin for emergency situation. Or they don't make enough provision of emergency fund and the lack of doing that will result to fucking up thereby leading to selling Bitcoin. I will advice people to avoid such situations.
*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.
Taking loan to buy Bitcoin after selling it will even worsen the case. Except the person in question has learnt a good cash flow managemet, noatter the loan taken to buy Bitcoin, it may still result to selling it again and again. So learning a good management should be more important to such person than taken loan.
*He will break down mentally a lot.
*He may blame Bitcoin, such as Bitcoin is fake etc.
Of course it's only an ignorant fool in this century will think so.