Its a financial foundation that can save us on future troubles. People should not think that they need it if they only invest on Bitcoin only since that funds could save them up on any emergency cases even if they are not investing on Bitcoin.
What good thing about this situation out here is we learn the importance of having this funds. That's why its good to learn Bitcoin since aside that we could earn from it on future, it teach us those discipline that we need so that we can possibly live a comfortable life in future. We should never use that funds for investment since as the name emergency it should be use for that situations.
Backup funds are not only necessary for investment but also make real life easier. So it would be wrong to say that there is no need for backup funds outside of investment. Your knowledge about financial management will tell you what kind of steps you should take and how to prepare to keep your future life beautiful. For this, it is essential to have good knowledge about financial management.
Backup funds become somewhat mandatory when you are investing. Especially without emergency funds, it becomes somewhat impossible for you to survive in long-term investments. To sustain investments in the long term and improve the quality of life, you should have a deep knowledge of financial management and take steps. Especially backup funds should not be ignored in any way when you are investing.