i have practicing having emergency fund with my investment and outside my Bitcoin journey i have been make sure that my emergency fund is always available to cover when the needs arisess, i really appreciate some of the forum topics because they really help me to build up the better me today.
Setting aside emergency funds when you are investing in bitcoin is not for you to use to solve your basic needs because if you do that, you are taking a wrong step in your bitcoin investment, and you will find it difficult to hold your bitcoin investment for 4-10 years. If you want to solve your basic needs, you will use your weekly or monthly income to solve your basic needs, while you will use your emergency funds only when an unexpected problem you didn't plan for arises.
While that's true. It's also worth noting that not all unexpected expenses are actual emergencies, that's why it's also advisable to have other backup funds asides the emergency fund, just like the reserve fund and also the float fund, this could also be used to cover some unexpected expenses which are not actually an emergency, so that the emergency fund will always be reserved until when an actual emergency occurs.
Emergency is emergency bro when
Challengeschallenges you never expected hits you it's called an emergency maybe the unexpected expenses you are talking about is for example maybe you dey go buy food stuff for market and you no expect to give out money to people you just budgeted money for food stuff only and some one or an old friend now ask you for money and you gave out I believe that's the kind of unexpected expenses you are talking about.
I don't think that's the type emergency we are talking about real emergency could be burial in Nigeria you already know that people spend whole lots of money when it comes to burial this is just an example of the kind of emergency fund we are talking about not road side expected expenses.
So the expected emergency you are referring to is not the real emergency when it comes to bitcoin investment.