I still disagree, people who can control their finances, do not need emergency fund as extra buffer zone. If you know what you are doing, then you should be able to save what you do not need. "Emergency" is just not calculating it very well. I believe we do not need another fund, just put it on bitcoin and if you ever need it then if it's under, then it should be in USDT, if it's over then you are profiting.
Your keeping your emergency fund in bitcoin is not a good idea - especially for poor people who might not have any mommy or daddy to go to bail them out when they fuck up..
USDT may serve the purpose of an emergency fund if you can convert it quickly to your local currency or however you pay your bills or whatever you might need if there is an actual emergency which is that basic expenses are greater than income.
There is no need for it, so a good investor won't make a loss and you wouldn't need anything else. I understand people may not agree with me, I have seen them not agree with me, and it has been pages, but I just do not see the benefit of it. The only claim so far has been "what if something unexpected happens", well that is what investment is for.
You sound like a presumptuous twat.
Of course, you can do whatever you like, even dumb, risky and irresponsible shit... and sure, if you have a variety of resources and even access to debt you might not need any emergency fund... .. but almost anyone who knows what the fuck they are doing is going to have some kind of a cash cushion in case he makes a mistake or for some reason expenses are greater than income for a month or two. .
and if he runs out of money then all he has left is his investment to draw upon, which he may not want to draw upon his investment, especially if he might have spent a year building it up so that he had invested 3 months of his income into it, but then the price of bitcoin is down 50% so he can only spend 1.5 months of expenses from that and then he has no other money.. so then he fucked himself out of a year's progress on his bitcoin merely because he thought that he was smarter than everyone else. You probably already have various cash cushions, but you call it something else. perhaps? or otherwise you are just taking chances that you don't need to take.
Sure there are some folks who have 2 or 3 jobs and they are very talented and liked so if they lose one job they have another job, but if they accidentally get hit by a bus or the roof of their house falls in or they get into some other accident, and if they do not have anything except their bitcoin and they cannot earn any money because they are recovering.. then they end up selling way more of their bitcoin than they needed to sell at a time that is not of their own choosing.
The amount of money that you have as a back up might vary, and if you have complicated income/expenses, like businesses and family obligations then you need more back up funds to cover a variety of cashflow issues that could come up and are likely to come up especially for folks who might already have erratic income and/or expenses.