It's not a most to have your emergency funds and other backup funds available before you can start your bitcoin investment. You only need your discretionary income to get started and build your emergency funds simultaneously with your bitcoin investment when you have started buying bitcoin. Instead of waiting to build your backup funds, you should get started immediately because waiting is a wrong strategy and you will end up acquiring little bitcoin expensively compared to when you start right away without your emergency funds.
I agree with you, it’s not a must to have an emergency fund before starting an investment. That’s where many people get it wrong. They assume that because Bitcoin is always changing in price, they must first have an emergency fund before beginning their journey. But it doesn’t really work that way, what is more important is having discretionary income, so we can keep investing regularly. If we wait until everything is perfect, we may end up buying at an even higher price.
It’s not about starting perfectly, it’s about starting somewhere, from there we can gradually build an emergency fund while still accumulating Bitcoin. If we overthink the price and delay because we want backup funds first, we might miss opportunities. Nobody knows whether the price will dip or rise tomorrow, so the best method is to start with what we can and grow gradually as you’re investing.
I agree with you, because you know how much money is left from your earned money and you should avoid spending or wasting it unnecessarily because by keeping these off you will be able to invest in Bitcoin and on the other hand meet the basic needs of your family, you can start small investments as the price of Bitcoin fluctuates almost all the time. On the other hand, if you are new, then this will work very well for you, so invest slowly using the DCA strategy and if you hold your investment for a long time or 5-6 years or more, you will see your small investments transform into strong investments.