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.
There is a good difference between emergency and periodic expenses, for example your cooking gas which you may not be refilling every month due to constant power supply and an electric cooker being an alternative, but the fact remains that you're aware that this gas should be refilled one day and it taking you by surprise doesn't make it any emergency since you should've started gathering funds for its refilling right from the very last refill and kept it separately while anticipating the day it gets finished.
Real emergencies are what you have no idea that it would happen and you do not know the level of impact it would have like having an accident and getting your car badly damaged or even someone from your Immediate family being hospitalized and needing emergency attention and you have to provide some funds immediately without prior information, then your emergency funds can come to the rescue while you gradually replace what you removed from it and getting it set for yet another real emergency