So it's best to take the time to build up an emergency fund and gradually enter the Bitcoin market with the extra money.
I think what you have said doesn’t make sense as a newbie or a beginner who have that mindset of buying bitcoin, I must tell you that it doesn’t make any sense to be building your emergency fund first before you starting investing into Bitcoin or buying Bitcoin, Rather it’s better to start buying and investing into Bitcoin now, and then you can start building your emergency funds and reserved funds all together.
Because that money you will be using to build your emergency funds it’s better to use that money and start buying bitcoin, what if you end up not buying bitcoin after building and emergency funds what are you going to do in that situation, so I will suggest it’s better you start buying bitcoin immediately instead of waiting to build an emergency fund. As a no coiner and a pleb I will prefer to start buying bitcoin immediately and then I can now consider building my emergency funds in two months into my investment which would be more sustainable.
Waiting is time delaying and is never a good strategy. However his main focus should be, buying Bitcoin consistently from his discretional income first, later on he can start building his emergency funds alongside his Bitcoin investment for 3 months. It doesn't make any sense if he is
already building his emergency funds when he hasn't started his bitcoin investments
, emergency fund can come in later.
I think the The right thing to be done is for him to
havihave his discretional income available to buy Bitcoin and why accumulating bitcoin weekly,he can start building
anhis emergency funds for the next 3 months that will be sufficient enough to protect his bitcoin investments against Real life emergency.