The Emergency funds is an essential part of our bitcoin investment plan. However, it’s not mandatory that before you start accumulating and investing in bitcoin you must have an Emergency funds, not having an already established emergency funds shouldn’t stop you from getting started in your bitcoin investment journey as you can always create an emergency funds along side while accumulating bitcoin. The most important thing is for you to be able to figure out a discretionary income to use and accumulate and invest in bitcoin to hold for the long term goal, and as time goes on you can be able to set some money aside for your emergency funds which will help you to keep your bitcoin investment afloat and not tend to selling your holdings for an emergency situation that requires cash to solve.
If you are able to spare your emergency funds then your Bitcoin investment is safe for long term. Because in case you need any cash to meet emergency requirements then you won't touch your Bitcoin investment. We need to be very clear about the fact that bitcoin is one of the best thing to invest if you can hold it for 5 to 10 years. Emergency funds along with discretionary income are part of our Bitcoin investment strategies and must be kept in mind while planning bitcoin investment strategy. Having discretionary income help you in buying Bitcoin at regular intervals or lump sum without touching your monthly salary.
Long-term Bitcoin holding always gives people the greatest chance of success, so investing according to a 5 to 10 year plan will give you a very good chance of success, but to sustain this investment in the long term, people will always have to face difficult situations, so it should never be seen as easy, it is more difficult than people expect, especially for those who decide to invest in Bitcoin without any emergency fund due to their self-confidence, this can really lead to a terrible situation, and this is why it is essential to prepare an emergency fund if you want to hold Bitcoin effectively in the long term, having an emergency fund reduces the mental stress in investing a lot, because you do not have to sell Bitcoin suddenly, and as a result, no matter what situation arises, your Bitcoin investment will not be threatened in any way.
I agree with you, as long as you live, you may face sudden dangers and you may need emergency money, so it is important to be aware enough to invest, so an emergency fund will help you get rid of those dangers, on the other hand it will prevent you from selling your Bitcoin holdings, because we can never escape the reality that if you try to avoid it, you can suffer a lot financially.