Their is no way a long term holder will not encounter an emergency situation throughout his accumulation and holding journey, so this your statement here is pathetic.
And in addition to that, any Bitcoin investor that invest in Bitcoin without no backup funds in place to protect his investment is just gambling because he can't be relying on being lucky for a period of ten years or more, that emergency situation will not come, that's not only myopic, but it's also a pathetic way of doing things.
Real life emergency is bound to happen at any given time that is why an investor is expected to be building his emergency fund as soon he starts accumulating bitcoin. Investors should take building their emergency fund as a priority and build it alongside their bitcoin investment since real emergency can happen anytime to prevent tampering with their investment when it happens.
I don't think there is any such thing as luck in bitcoin investment, do I even need to remind people that bitcoin investment is not a gambling platform therefore, any measures that should be put in place to safeguard their bitcoin investment over the long term is a priority, otherwise they are just gambling.
I think that if you have a long-term plan to hold Bitcoin, you should not just deposit it. A person should also keep an eye on their financial security. Suppose, you have been buying Bitcoin regularly for a few years. Suddenly, your business or job goes away or a family member needs a lot of money for medical treatment. Then, if you do not have enough savings in hand, you may have to sell Bitcoin even if the market conditions are bad. This is why having an emergency fund is important. But I think that in order to create an emergency fund, it is not necessary to completely stop investing in all cases. If a person has a good income and financial condition, he can also create emergency savings along with investments. On the other hand, if a person's income is very limited, then he should first take care of daily expenses, debts and urgent needs. Because every person's financial situation is not the same. I have a slightly different thought about these words. Bitcoin investment is not a gamble, but it is difficult to say that luck or uncertainty does not play a role in investment. No matter how well we follow a plan or do research, it is not possible to know all the market conditions in advance. Sometimes, even after making good decisions, unexpected changes in the market can lead to losses. I think that to be a real investor, you should not just hold Bitcoin for a long time, but also do it according to your ability. You should not take excessive risks and be prepared to face financial crises if necessary. Another thing I would like to know is, do you think that the first goal of a new investor should be to create an emergency fund, or is it better to start both things together while buying Bitcoin with a part of your income?