You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering. If we have a long-term investment goal, we must create a solid foundation so that we do not have to withdraw from our investment in any unpleasant situation.
Because of this kind of situation that some of the people find themselves in whenever they invest in the Bitcoin, they say that it’s good for anyone who has interest to invest in the Bitcoin to make sure he/she has plans for himself/herself so that even after they’ve invested and something comes up, they don’t bother to sell their Bitcoin at the wrong time, no matter how difficult the moment they find themselves in.
But some of the investors will lack a financial plan, and they will not like to learn how they can make their financial plan before investing in the Bitcoins. And because of this, most of the people lost their funds in the investment when the emergency came up, and they didn’t have any money on hand to use to solve the problems.