Yes, financial stability is crucial when investing in Bitcoin. Long-term investment in Bitcoin requires thorough preparation to ensure smooth operation. Then there's the matter of preparing an emergency fund when investing in Bitcoin. I think everyone has a different perspective on this. Some argue that a reserve fund can be built up once the Bitcoin investment is already underway. I personally agree with this, as there's no harm in doing so. The most important thing is to ensure that we can manage our Bitcoin investment while simultaneously building a reserve fund.
If, for example, we're investing in Bitcoin while building an emergency fund and find it quite difficult, I think that's not a good idea. So, what if we build an emergency fund before starting to invest in Bitcoin? I think that's possible. While it's true that doing this might miss out on a lot of momentum, perhaps when we start investing in Bitcoin, we'll be much more comfortable with an emergency fund. So, I think it all depends on each person's circumstances and readiness. Because basically both methods are equally good and have their respective advantages.
If a person has a reasonable source of income and is willing to invest, then he should never delay investing. It is best to start investing first. You can do everything after investing. If you want to learn everything beforehand, then it will be too late to invest, it will never be the right decision. You have to start investing first and then you can learn a lot.
If we create an emergency fund before starting investing, we can fall far behind in our portfolio building and miss out on many buying opportunities. If someone does not have an emergency fund in advance, then it is best to create an emergency fund along with his investments. If you do not create an emergency fund, how will you cope with financial crises. And how will you protect your holdings. If you do not have an emergency fund, then you need to create an emergency fund along with your investments first.