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.
Generally, people invest long term to secure their future. But if that money is used to run their family or for their own needs, then the plan made for the asset is completely in vain. There are some investors who invest in Bitcoin but do not have any plan to run their own family or manage an emergency fund. In their case, it is seen that even if they plan to invest in Bitcoin for a long time, it is not sustainable. They have to depend on that investment to meet any expenses of themselves or their family. That is why after investing in Bitcoin, an investor needs to form an emergency fund to last for a few months along with the investment so that his investment is not hindered in any way. If an investor sets aside a few months' worth of emergency funds and then makes aggressive investments with their discretionary income, that is definitely a good investment.
That's just the rightful way and a crucial point to go about our investment into Bitcoin and to avoid being forced into selling of our investment into Bitcoin to help us stand these test of time, because we definitely will have some problems or have a period we may be faced with a financial storm along the line while our investments is still running, if emergency funds aren't in place for such arising problems, your goals won't get achieved over the long run. While investing for the future, we should make plans or preparations for unexpected expenses, so we don't dip hands into our Bitcoin holdings.