An emergency fund should be considered essential by anyone considering long-term Bitcoin investment and not wanting to disrupt their Bitcoin balance every time they need cash. However, I recommend everyone have a steady job with a regular income stream so they can manage it carefully, including allocating a portion of their income to an emergency fund and using the rest as capital to buy Bitcoin.
To invest or create an emergency fund, we need a source of discretionary income. If you do it with your fixed income source, it may not be very sustainable. For example,
*Discretionary income is the amount of money left over from your fixed income after deducting all expenses. It is better to invest with discretionary income because you do not need this amount of money very much. The money that is left after meeting all your expenses is discretionary money. If you invest with discretionary income, it becomes much easier for you to maintain it in the long term.
If you do not have an emergency fund, you can create it along with your investments. You can keep some money aside for an emergency fund from the amount of money you wanted to invest from your discretionary income. If you do not have an emergency fund, you can do emergency fund and investment at the same time.
If you invest with fixed income, you may not be able to maintain your investments in the long term. For example, if you need the money, you will have to sell your holdings. So you should invest with discretionary income.
Having an emergency fund is very important for long-term investment in Bitcoin. If you have a source of income from which you can earn, you can meet all the needs of the family and with the remaining money you can invest in an emergency fund and Bitcoin. If your investment is small, you will not have any problem because if you invest for a long time, you will not consider the market price because you will have to strengthen your investment to strengthen your wealth. On the other hand, if you think that you are lagging behind in investing, then you are wrong.
Waiting for the right time or the right time to invest in Bitcoin is foolish, because we can never determine the price of Bitcoin, in the case of the price of Bitcoin which always fluctuates, you should give due importance to time because time does not stand still for anyone, on the other hand, the price of Bitcoin never stays in one place because it has exceeded the highest price in history. Currently and in the future there is a possibility of exceeding the current price and it has a very good chance of reaching a high price, but you will definitely achieve success in the long run which history will teach you, so you should consider history well because history will make you aware, so you should not always wait for Bitcoin to fall to invest, this may be the reason for your regret.