...There is no need building an emergency funds to protect your bitcoin investment when you don't have any bitcoin because you have nothing to protect...
I think this your statement is very wrong. Emergency funds is very important for anyone whether they are investing in bitcoin or not. Since emergency situation like paying of hospital bills, car repairs , accident etc, this are situation that we don't have control over hence there is need to have an emergency funds since since such emergency situation doesn't just occur to bitcoin investors alone.
Having an emergency funds before investing in bitcoin will help in protect your assets.I don't completely agree with your opinion about having an emergency fund before investing in Bitcoin. For new and relatively low-income people interested in Bitcoin investment, would you advise them to collect an emergency fund or invest in Bitcoin even after having basic knowledge? Of course, it would be better for them to continue buying Bitcoin from the time of initial knowledge acquisition. Many investors cannot manage their funds properly due to minor mistakes in investment. If an investor goes to collect an emergency fund as per your advice, they will waste a lot of time. In fact, some investors think that they should have decided to invest in Bitcoin in advance. Those investors may get more confused.
Anyway, there is a need for an emergency fund, but the need for an emergency fund is more in Bitcoin investment. Keeping this fund to keep the ongoing process of buying/accumulating every week in your Bitcoin journey will keep you going in the long run, but keeping an emergency fund from the early stages of Bitcoin when there are investors is not the right decision. You will gradually continue to buy Bitcoin from the discretionary fund and allocate another part from there to the emergency fund.
I guess you misunderstood proty, he wasn't directly saying or talking about waiting until an emergency funds is built before investing in Bitcoin, normally having an emergency funds should be crucial as humans because of it's usefulness which has helped lot of us, many who kept value as an emergency funds will understand better even without having a Bitcoin investment and this are the people proty was talking about and not generalizing the idea of having an emergency funds before investing in Bitcoin, it is already an added advantage to those that already have an emergency funds even before starting their Bitcoin investment while those who doesn't have it already should not wait to have it first rather they can work things out simultaneously just as we have been discussing here which I see is really reasonably practicable.