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, many new investors think that the price will drop a little or first create a large fund and then invest, but the reality is that no one can predict the future price of Bitcoin because determining the price of Bitcoin is a challenge, Bitcoin which can either increase or decrease in price tomorrow, on the other hand, if you always wait for the perfect time to invest in Bitcoin, then you may miss the opportunity to have it in your hands, so instead of waiting for the perfect time, it is the right decision to start as much as possible or according to your ability today, so you can use the DCA strategy because it is very good for you, on the other hand, in the long run you may face various obstacles, sometimes even if the price of Bitcoin decreases, you cannot be disappointed and you cannot be greedy if the price increases because you have to be ready to ignore them.