Life itself is unpredictable and as such there is need to always set aside some funds that may serve as a safety net whenever we are hit with unexpected events. So having an emergency funds is not just important for holding bitcoin since it is not only bitcoin investors that do face emergency. Both business owners do need emergency funds because whenever they are hit with unforeseen circumstances, without emergency funds they will be forced to fall back to there business. Hence emergency funds is crucial for everybody, having an emergency funds is really vital for holding bitcoin for a longer term without being pressured into selling before the anticipated timeline.
It is never possible to effectively hold an investment in the long term without an emergency fund. Unexpected situations come in every person's life. They come very naturally. Therefore, a person can never say that he will never face unexpected situations. This is why preparing an emergency fund is very important. No one can predict unexpected situations in advance. If an emergency fund is not in hand, a person is forced to damage his long-term plans or sell something valuable to deal with the unexpected situation, which causes huge losses for him.
Therefore, to avoid this loss, one must take all kinds of preparations. The importance of having an emergency fund is immense, especially in the case of Bitcoin investment. Since Bitcoin is a long-term investment, it should be kept for the long term, ignoring all kinds of obstacles. In order to be effective in this regard, it is necessary to form a separate fund to protect your investment, so that you do not have to rely on your investment in those bad times. That is, you can get out of that unexpected situation by keeping Bitcoin completely intact.