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I get you Proty, and of course, I’m not denying that having an emergency fund in life is important.. Everyone needs something put aside for unexpected events. But this particular discussion is about Bitcoin, and that is why I don’t agree with putting the emergency fund before actually owning any Bitcoin at all. The truth is, the first real step is to start stacking, even if it is very little.. you should not delay by saying let me first save this, let me first prepare that and by the time they’re done planning, the market has already moved.. the people who gained the most from Bitcoin are those who actually started, not those who kept waiting for the perfect moment..
So in my view, the smarter move is to get into Bitcoin first, even if it is just $20 or $50 a week. Once you’ve started building your bag, you can then think about balancing it with other financial tools like an emergency fund. But delaying investment completely just because of that will only hold you back. Bitcoin does not wait for anyone you either start stacking now and grow with it, or you keep postponing until the opportunity passes you by…
For someone with discretionary income that doesn't have an emergency funds, they shouldn't be deter from buying bitcoin simply because they don't have an emergency funds. They can be buying bitcoin and at the same time while working on getting an emergency funds,this can be achieved by investing a certain percentage of our discretionary income into bitcoin and the remaining percentage to our emergency funds. However, emergency funds is essential for everyone both those that are investing in bitcoin and those that are not investing in bitcoin since since unexpected events can happen to anyone.
Emergency fund is equally important in every person's life, its importance cannot be ignored in any way, because it is considered the only way to deal with unexpected financial situations. Its protection is necessary for long-term holding of Bitcoin, because people's financial situation or daily lifestyle never runs parallel, unexpected situations come very naturally in every person's life, and if a Bitcoin investor does not have an emergency fund during that unexpected situation, then he may have to decide to sell his Bitcoin holdings as a last option, as a result, his investment will fail, and also ho fall a big losses, so an emergency fund must be prepared.
Now the point is that, It's not that you need to prepare an emergency fund just because you're investing in Bitcoin, whether you invest or not, it will be essential for you, because if you think about it a bit deeper, if you do not have an emergency fund and at the same time if you do not have any investment, then what will you do in the event of an unexpected situation? Because you do not have any financial system, so you will have to face greater danger at such a time.
So whether you are an investor or not, ultimately an emergency fund is essential for everyone because life is uncertain and not everyone's financial situation will always be stable, you can lose your job at any moment, so you have to consider all aspects, unexpected situation comes at any time, so security should always be ready.