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.
Many new investors may be confused about emergency funds but the simple solution is for only you as an investor to find out. For example the amount of Bitcoin you are accumulation every week/month through discretionary income is easily done. This simple consideration and what kind of safety wall should be built to continue the long drive should be decided by you. I mean if you have set a point for Bitcoin that you will continue to accumulate for maybe one or two or three cycles then you will be responsible for managing it yourself because you will have to consider how much emergency fund/floating cash you will keep with you as a responsible investor. The target will be to make Bitcoin accumulation long term and you are ready to meet any emergency needs in the period.