we must also have an emergency fund, whether it's setting aside an emergency fund before buying BTC or saving for it at the same time as we buy BTC. And of course, this emergency fund must be increased over time, because if it isn't increased, our long-term BTC investment could be at risk of being sold and ultimately failing to achieve a profit.
We don't need to build our emergency funds before starting to invest in Bitcoin. It is not a wise idea. It's better for you to start your Bitcoin investment and the emergency fund building together. In fact, it is even better to start your Bitcoin investment first and later start to build your emergency fund.Let me say that your discretionary income is $100 weekly. Your first and second discretionary income you can use all of it to buy Bitcoin. In the third week, you can start using about $30 or $40 to build your emergency fund. The rest $70 or $60 should go toward Bitcoin accumulation.
We should not focus more on emergency funds than on our Bitcoin investment, especially when just starting Bitcoin investment. Waiting to first build emergency funds before buying Bitcoin is just wasting opportunities.As long as you have not accumulated any amount Bitcoin, what are you building emergency funds for? The purpose of your emergency fund is for someone not to temper with is bitcoin investment a long the way build portfolio