so for that money you can break your investment journey, so you first create an emergency fund and invest a small part in bitcoin
Fair enough, no doubt the importance of the emergency funds can not be over emphasized when it comes to our bitcoin investment plan because it really helps to keep our investment afloat as we don’t have to tend to selling our bitcoin holdings when in an emergency situation which requires cash to settle. But it’s not mandatory that you must first create an emergency funds before you get started in accumulating or investing in bitcoin. Not being able to first create the emergency funds shouldn’t stop you from getting started with your bitcoin investment, as you can always build your emergency funds as time goes on and even alongside when accumulating and investing bitcoin . The most important thing is to be able to figure out a discretionary income so you can get started with your accumulation of bitcoin and hold for the long term goal and along the line you can be able to create your emergency funds and remain consistent with your accumulation so you can achieve a significant level of success in your bitcoin investment.
I agree with you on everything that you said. In addition, since you don't have a bitcoin investment, there's no need to start wasting time creating an emergency funds because it isn't that important. Your bitcoin investment should be thw first priority before your emergency funds which is the main reason why if you don't have an emergency funds available before starting your bitcoin investment, you don't need to wait but start your bitcoin accumulation right away and build your emergency funds along side with your bitcoin investment. This is because unforeseen emergency may come or not.
From that discretionary income he can remove a portion of it to build his emergency funds and his reserved funds. Then he can invest the rest in bitcoin.
It's not a wise decision to build your emergency funds and reserve funds at the same time with your discretionary and invest the leftover into bitcoin. This is because it will slow the pace at which you are increasing your bitcoin portfolio. It's good that you share your discretionary income into two parts instead of three.
Use one part for your regular weekly/monthly DCA and use the other part to build your emergency funds. When you are done building your emergency funds of at least three months of your income, you can divert the money which you were using for your emergency funds to build up your reserve funds before you invest aggressively after building your reserve funds.