Buy Buy Buy or Sell Sell Sell?

[Tetu100]

if anyone is scared of investing in Bitcoin because of it's volatile nature then the person has not really understand Bitcoin, I will prefer some one saying that they don't have a discretionary income to invest to invest in Bitcoin than saying they are scared of the market fluctuations (volatility), they should rather accept the reality and understand that the market is built to function that way and look for something else more reasonable to give as an excuse while they have chosen not to or reluctant to invest in Bitcoin.

Giving volatility as an excuse for not investing in bitcoin is simply a clear display of no interest by that person and such individual shouldn't be taking serious . However Volatility is part of what made up bitcoin and also what has brought it to the level it's today, their is no point for an investors to get worried over it because it's normal and whether we all like it or not it something we must all experience alongside our investment journey.

Furthermore, for those that are among the pairs pushing narrative about how bitcoin is up and down, and that it's not stable and all of that negative shit, just forget about them because they weren't as serious to invest at the first place, all they were seeking was just validation, making people to believe that they are bitcoin enthusiasts why they are not.

[GIF-JOBS]

Some people see investing risk as a problem that must be met with more detailed planning. As a result, investors are no longer hesitant to invest in Bitcoin once they are prepared and confident that it is a worthwhile investment for their future. Despite this, some people are still cautious and fearful to invest in Bitcoin at this time due to the market's constant price fluctuation. However, this is not a reason to halt everyone's plans because selecting Bitcoin for the long term is a far more appropriate alternative, and there should be no fear of purchasing it now and holding it for the long term.

Those who consider Bitcoin investment to be risky are not mentally prepared to invest at any time, but after knowing what Bitcoin investment is and how profitable it is in the long run, they certainly have no problem preparing themselves mentally. This is a common problem for some people, and those who consider Bitcoin investment to be problematic from the beginning and are hesitant in the end cannot participate in Bitcoin investment.

No matter how much risk they take, they are afraid and greedy for money is high, due to which they do not want to face losses. But it should be remembered that taking risks is necessary in Bitcoin investment and in any work because without taking risks, success cannot be achieved in any work. Bitcoin investment must be taken in the long term, then success will be possible, and if you take risks in the long term and follow the DCA method, the risk is greatly reduced.

This is not true. The fact that someone said that bitcoin investment is risky doesn't mean that they are not ready to invest in bitcoin. Understanding that  there is risk involved in investing in bitcoin which is a fact will make an investor not to think towards trading or holding it for short term. Also this awareness that there is risk will make anyone that wants to accumulate bitcoin to make use of discretionionary income and not money that is meant for there upkeep or there basic needs. The knowledge that bitcoin is risky isn't something that should stop anyone that is willing to invest in it not to.

There will be risks in everything, but if someone stays away from investing because of this risk, then he will not be able to succeed in any field. We have to take risks in everything, so don't be afraid of risk, but rather think about how to reduce that risk and start investing by considering the risk. If we don't take risks, we will never be able to rise, or get any opportunity to move forward, so if we want to progress in life, we have to take risks, otherwise we will always be behind. Bitcoin's volatility is real, so it is more reasonable to move forward through long-term decisions with planning and discipline, rather than looking at it with a short-term profit mentality, because Bitcoin has much more positive potential in the long term.

[Derekfunds]

You and i might not be here discussion Bitcoin the way we are doing if the market where to be a stable market without the price fluctuations(volatility), if anyone is scared of investing in Bitcoin because of it's volatile nature then the person has not really understand Bitcoin, I will prefer some one saying that they don't have a discretionary income to invest to invest in Bitcoin than saying they are scared of the market fluctuations (volatility), they should rather accept the reality and understand that the market is built to function that way and look for something else more reasonable to give as an excuse while they have chosen not to or reluctant to invest in Bitcoin.

Bitcoin was originally created to protect our money from inflation and to remove third-party interference from our financial management. The biggest reason for such volatility in the Bitcoin market is the rapid rise and fall of prices due to buying and selling and rumors about Bitcoin. However, in the case of long-term investment, the potential for profit from Bitcoin is much higher. The biggest reasons for this are that Bitcoin is designed in such a way that Bitcoin can be improved over time and the Bitcoin network is so strong that it is almost impossible to hack. Bitcoin is the biggest tool in the future and currently to fight inflation. So everyone is slowly moving towards Bitcoin and holding it for the long term.

I disagree with this, Bitcoin was not created to  protect our money I mean that was not the actual reason Bitcoin was created for as a matter of fact when Bitcoin was created no one believed Bitcoin was going to be this great but today it's now a means through which people can run from inflation that is a means through which people can save their discretionary income with the full assurance that Government can not utter anything because it is a decentralized asset.

[Mr_Brilliant$]

You and i might not be here discussion Bitcoin the way we are doing if the market where to be a stable market without the price fluctuations(volatility), if anyone is scared of investing in Bitcoin because of it's volatile nature then the person has not really understand Bitcoin, I will prefer some one saying that they don't have a discretionary income to invest to invest in Bitcoin than saying they are scared of the market fluctuations (volatility), they should rather accept the reality and understand that the market is built to function that way and look for something else more reasonable to give as an excuse while they have chosen not to or reluctant to invest in Bitcoin.

Bitcoin was originally created to protect our money from inflation and to remove third-party interference from our financial management. The biggest reason for such volatility in the Bitcoin market is the rapid rise and fall of prices due to buying and selling and rumors about Bitcoin. However, in the case of long-term investment, the potential for profit from Bitcoin is much higher. The biggest reasons for this are that Bitcoin is designed in such a way that Bitcoin can be improved over time and the Bitcoin network is so strong that it is almost impossible to hack. Bitcoin is the biggest tool in the future and currently to fight inflation. So everyone is slowly moving towards Bitcoin and holding it for the long term.

I get what you are saying, but small correction, Bitcoin was not originally created just to fight inflation..

The main idea behind it was peer to peer money, like sending funds directly without banks or any third party involved…. The inflation part came later when people started realizing the advantage of its fixed supply compared to normal fiat currencies..

But yeah, the volatility is mostly from buying/selling pressure and all the noise in the market..  Long term though, Bitcoin has always proven itself…. The network is strong, security is solid, and it keeps growing..
That is why a lot of people now prefer holding…

[Merit.s]

I disagree with this, Bitcoin was not created to  protect our money I mean that was not the actual reason Bitcoin was created for as a matter of fact when Bitcoin was created no one believed Bitcoin was going to be this great but today it's now a means through which people can run from inflation that is a means through which people can save their discretionary income with the full assurance that Government can not utter anything because it is a decentralized asset.

Bitcoin was created after 2008 financial crises that shows that banks can fail at anytime and go away with your money. Satoshi created bitcoin to fix the problem in the fiat system since banks cannot be trusted. Bitcoin solves the problem of double spending and gives you access to send money abroad without a middle man been the mediator. You are your own bank

You don't need anyone permission to send bitcoin because it uses p2p and a decentralized network which is entirely opposite to fiat which was created by the to enslave man as it loses it's purchasing power overtime due to inflation.

The utility aspect of bitcoin led to the increase in adoption rate and the most interesting part of it is that bitcoin is a store of value overtime and if you build and grow your bitcoin portfolio to a significant amount in future, the chance of making profits is high even though, it's not guaranteed.

[whiteblue]

Not getting into confusion, why not just follow the bitcoin cycle and hold bitcoin for 4 to 5 years, and you will see a considerable increase in bitcoin price, probably the all-time high too. Five years or so is considered long term when we talk about bitcoin, but when we talk about investment in Gold and property, people are happy to hold it for a decade or even more, but don't know why they are so eager to sell bitcoin early or think of gaining profits as early as one or two years 

Perhaps greed is at work here! Because in the past, Bitcoin price has a record of changing a lot in 1 year. For example, in January 2024, Bitcoin price was below $40k but in December it was $100k +. So people may follow the past charts and think of making profit within 1-2 years but this is not the right plan and this kind of mindset should be changed. Actually, to invest in Bitcoin, you should plan for the long term, like other assets, Bitcoin should be held for 8-10 years. If you plan for 1 year or short term, you may face losses instead of profits. The bottom line is that if you want to invest in Bitcoin, you should be patient and plan to hold for 8-12 years or 2-3 cycles and this will reduce the risk.

Yes, that's absolutely true. Those who pay attention to cycles have certainly seen bitcoin go through sharp declines And even dramatic upswings. Not everyone is lucky enough to catch the right buying or Selling opportunity. I mean, sellers often express regret after letting go of Bitcoin.

So, I agree with You that Holding bitcoin longer will give you confidence and encourage you to keep Buying bitcoin daily. Many people rebuild their Portfolios to improve their latest Investments because They don't want to regret it a second time. Holding bitcoin for 12 years is certainly a good idea, let alone holding it for 30 years or into retirement.

[Grace333]

There will be risks in everything, but if someone stays away from investing because of this risk, then he will not be able to succeed in any field. We have to take risks in everything, so don't be afraid of risk, but rather think about how to reduce that risk and start investing by considering the risk. If we don't take risks, we will never be able to rise, or get any opportunity to move forward, so if we want to progress in life, we have to take risks, otherwise we will always be behind. Bitcoin's volatility is real, so it is more reasonable to move forward through long-term decisions with planning and discipline, rather than looking at it with a short-term profit mentality, because Bitcoin has much more positive potential in the long term.

I disagree,  there are risk that aren't worth taking especially since you generalized the risk to every form of investment. Most people consider altcoins as investment but the risk isn't worth it especially when you compare it to bitcoin which has long term advantage and reputation. Even if we narrow the topic of risk down to bitcoin there are still risk that aren't worth taking, like in the process of front loading your bitcoin you end up over doing it(investing outside of your discretionary income). Logically the probability of having financial issues and generating emotions toward your bitcoin would increase when you expose yourself to risks like that.
I admit we can reduce risks and that is by avoiding the unnecessary risk in the first.

[Silikiem]

Some people see investing risk as a problem that must be met with more detailed planning. As a result, investors are no longer hesitant to invest in Bitcoin once they are prepared and confident that it is a worthwhile investment for their future. Despite this, some people are still cautious and fearful to invest in Bitcoin at this time due to the market's constant price fluctuation. However, this is not a reason to halt everyone's plans because selecting Bitcoin for the long term is a far more appropriate alternative, and there should be no fear of purchasing it now and holding it for the long term.

Those who consider Bitcoin investment to be risky are not mentally prepared to invest at any time, but after knowing what Bitcoin investment is and how profitable it is in the long run, they certainly have no problem preparing themselves mentally. This is a common problem for some people, and those who consider Bitcoin investment to be problematic from the beginning and are hesitant in the end cannot participate in Bitcoin investment.

No matter how much risk they take, they are afraid and greedy for money is high, due to which they do not want to face losses. But it should be remembered that taking risks is necessary in Bitcoin investment and in any work because without taking risks, success cannot be achieved in any work. Bitcoin investment must be taken in the long term, then success will be possible, and if you take risks in the long term and follow the DCA method, the risk is greatly reduced.

This is not true. The fact that someone said that bitcoin investment is risky doesn't mean that they are not ready to invest in bitcoin. Understanding that  there is risk involved in investing in bitcoin which is a fact will make an investor not to think towards trading or holding it for short term. Also this awareness that there is risk will make anyone that wants to accumulate bitcoin to make use of discretionionary income and not money that is meant for there upkeep or there basic needs. The knowledge that bitcoin is risky isn't something that should stop anyone that is willing to invest in it not to.

There will be risks in everything, but if someone stays away from investing because of this risk, then he will not be able to succeed in any field. We have to take risks in everything, so don't be afraid of risk, but rather think about how to reduce that risk and start investing by considering the risk. If we don't take risks, we will never be able to rise, or get any opportunity to move forward, so if we want to progress in life, we have to take risks, otherwise we will always be behind. Bitcoin's volatility is real, so it is more reasonable to move forward through long-term decisions with planning and discipline, rather than looking at it with a short-term profit mentality, because Bitcoin has much more positive potential in the long term.

A true bitcoin investor won’t see volatility as a reason why they should not invest in bitcoin, as a matter of fact i think anyone using that as an excuse is just a trader who wants to get rich quick In bitcoin. Volatility is in the nature of bitcoin and most people forget that this volatility is what makes bitcoin worth investing on because that’s  where the potential value lies. The DCA method of investment have made it possible for investors to be able to invest only with the amount they can afford to lose so individuals shouldn’t be afraid of the volatility because the DCA helps to mitigate the impact of the risk associated with bitcoin investment as a result of its volatile nature. So it’s advisable they check their individual risk tolerance and not invest with what they cannot afford to lose

[Baki202]

Yes, that's absolutely true. Those who pay attention to cycles have certainly seen bitcoin go through sharp declines And even dramatic upswings. Not everyone is lucky enough to catch the right buying or Selling opportunity. I mean, sellers often express regret after letting go of Bitcoin.

And no matter what face you might be seeing it should be properly made use of because no one is in position to tell the direction the market will be going and this is why any of the situation should be a problem because no matter how it may be been prepared ia very important and no matter the direction we have to be fully ready and the selling opportunity is very important because when you don't know how to sell its also a problem you can sell and when you make use of thr profits maybe to even buy more depends on how you want to use them.

So, I agree with You that Holding bitcoin longer will give you confidence and encourage you to keep Buying bitcoin daily. Many people rebuild their Portfolios to improve their latest Investments because They don't want to regret it a second time. Holding bitcoin for 12 years is certainly a good idea, let alone holding it for 30 years or into retirement.

Holding will give you more confidence especially if the price is going up but when the price starts going down that is when you are going to know how it is difficult to hold because seen your money dropping will not be appealing at all so, it is something you prepare your self for before you even start. So that when the price starts dropping it won't be something for you to worry about again as so direction is very important to know all this.

[Homemade-IQ]

Not getting into confusion, why not just follow the bitcoin cycle and hold bitcoin for 4 to 5 years, and you will see a considerable increase in bitcoin price, probably the all-time high too. Five years or so is considered long term when we talk about bitcoin, but when we talk about investment in Gold and property, people are happy to hold it for a decade or even more, but don't know why they are so eager to sell bitcoin early or think of gaining profits as early as one or two years  

Perhaps greed is at work here! Because in the past, Bitcoin price has a record of changing a lot in 1 year. For example, in January 2024, Bitcoin price was below $40k but in December it was $100k +. So people may follow the past charts and think of making profit within 1-2 years but this is not the right plan and this kind of mindset should be changed. Actually, to invest in Bitcoin, you should plan for the long term, like other assets, Bitcoin should be held for 8-10 years. If you plan for 1 year or short term, you may face losses instead of profits. The bottom line is that if you want to invest in Bitcoin, you should be patient and plan to hold for 8-12 years or 2-3 cycles and this will reduce the risk.

Yes, that's absolutely true. Those who pay attention to cycles have certainly seen bitcoin go through sharp declines And even dramatic upswings. Not everyone is lucky enough to catch the right buying or Selling opportunity. I mean, sellers often express regret after letting go of Bitcoin.

With this above statement, it shows that you are more interested in profit because it's only those that want to trade their Bitcoin are more interested in circles, but anyone that is only thinking long term wouldn't care of it circles because he would be more interested in accumulating and building his stash of bitcoin.
Additionally, talking about the best time to buy and sell makes it obvious that you are nothing but a trader that is more interested in profit than Bitcoin itself. So I just want to make it clear to you that you can't benefit much from your Bitcoin investment if you are more interested in trading it now, than accumulating a large stash of it and hold strong for long

[Solokan]

if anyone is scared of investing in Bitcoin because of it's volatile nature then the person has not really understand Bitcoin, I will prefer some one saying that they don't have a discretionary income to invest to invest in Bitcoin than saying they are scared of the market fluctuations (volatility), they should rather accept the reality and understand that the market is built to function that way and look for something else more reasonable to give as an excuse while they have chosen not to or reluctant to invest in Bitcoin.

Yes, there are quite a few people who don't want to buy BTC because its price always fluctuates. However, it's likely because they don't know much about it. In my opinion, BTC price fluctuations present a good opportunity. I don't think BTC will fluctuate too much in the future, but BTC is very expensive. So, it's not a strong reason to not want to buy BTC because of its fluctuating price.

However, if the reason for not wanting to buy BTC is economic, that's certainly a reasonable reason. Investing in BTC is not without risk. Although buying BTC is risky, BTC is always creating new ATHs, so it's very good in the long term.

[CageMabok]

Some people see investing risk as a problem that must be met with more detailed planning. As a result, investors are no longer hesitant to invest in Bitcoin once they are prepared and confident that it is a worthwhile investment for their future. Despite this, some people are still cautious and fearful to invest in Bitcoin at this time due to the market's constant price fluctuation. However, this is not a reason to halt everyone's plans because selecting Bitcoin for the long term is a far more appropriate alternative, and there should be no fear of purchasing it now and holding it for the long term.

Even investors who have been familiar with Bitcoin for a long time will always make Bitcoin investment their primary focus and not consider it an alternative investment, even though there are many other investments they can make at the same time. And for those who still feel afraid to invest in Bitcoin, this is usually influenced by their lack of understanding of the investment risks. Besides preparation such as capital and methods, one of the factors that stops investors from investing is their lack of knowledge about the risks involved.

...

The point about time horizon is fair though Bitcoin tends to reward patience and short term plays some times it's often end up being speculation rather than true investment but not everybody has the same risk tolerance or financial situation so 4 to 10 years window doesn't automatically means someone doesn't understand it sometimes it's just about balancing the opportunity with risk tolerance sticking to the past performance across cycles is useful but does not guarantee the future will play out the same way market revolve regulations changes and adoption can shift in unpredictable way.

Now, from what you've seen from Bitcoin since its inception until now, doesn't it offer a bright future for its current holders? Because, based on my observations of the four-year cycle, which consistently increases in price, it's safe to say that Bitcoin is a clear investment for the future, although I'm not ignoring market conditions, regulations, and adoption. However, it's also important to note that Bitcoin adoption has continued to grow, and there are no regulations that disadvantage Bitcoin holders in general. So there is no need to hesitate to choose Bitcoin and hold it for four to ten years even though the future does not always go the same way because at other times there are always more different surprises in Bitcoin.

[PERtua]

You and i might not be here discussion Bitcoin the way we are doing if the market where to be a stable market without the price fluctuations(volatility), if anyone is scared of investing in Bitcoin because of it's volatile nature then the person has not really understand Bitcoin, I will prefer some one saying that they don't have a discretionary income to invest to invest in Bitcoin than saying they are scared of the market fluctuations (volatility), they should rather accept the reality and understand that the market is built to function that way and look for something else more reasonable to give as an excuse while they have chosen not to or reluctant to invest in Bitcoin.

Bitcoin was originally created to protect our money from inflation and to remove third-party interference from our financial management. The biggest reason for such volatility in the Bitcoin market is the rapid rise and fall of prices due to buying and selling and rumors about Bitcoin. However, in the case of long-term investment, the potential for profit from Bitcoin is much higher. The biggest reasons for this are that Bitcoin is designed in such a way that Bitcoin can be improved over time and the Bitcoin network is so strong that it is almost impossible to hack. Bitcoin is the biggest tool in the future and currently to fight inflation. So everyone is slowly moving towards Bitcoin and holding it for the long term.

I disagree with this, Bitcoin was not created to  protect our money I mean that was not the actual reason Bitcoin was created for as a matter of fact when Bitcoin was created no one believed Bitcoin was going to be this great but today it's now a means through which people can run from inflation that is a means through which people can save their discretionary income with the full assurance that Government can not utter anything because it is a decentralized asset.

Bitcoin was not intentionally designed as an inflation hedge, but has become one through natural selection with time due to its scarce supply and decentralized nature. The general aim of Satoshi was to present a peer-to-peer financial system that could be operational without the involvement of banks and government regulations. We are experiencing volatility today largely due to the fact that Bitcoin is yet to grow and become widely adopted. Buy buy buy or sell sell sell is depending on your view. Short-term traders are concerned with short-term movements whereas long-term holders are concerned with scarcity and value. It is more important to know what your strategy is rather than to listen to market noise.

[Soldroplet]

Considering emergency fund and Bitcoin accumulation what should come first

Emergency fund lead to a financial stability while Bitcoin accumulation can result to long term wealth . It is important to  build a 3 to 6 month  emergency fund then accumulate bitcoin with a discretionary income. Because allow investor to avoid panic selling when there is a situation that requires urgent money.

I will like to hear how others balance opportunity versus security.

In my opinion, it is better to create an emergency fund first. I have read some of your previous posts and I see that you are more interested in knowing. That is, if you are really investing in Bitcoin, if your income is good, then you can save Bitcoin little by little with an emergency fund (DCA) method. Why am I emphasizing on an emergency fund! If you save Bitcoin little by little, then in case of an emergency, you will try to sell Bitcoin even at a low price. So it is more important for you to have an emergency fund.

[Gallar]

You and i might not be here discussion Bitcoin the way we are doing if the market where to be a stable market without the price fluctuations(volatility), if anyone is scared of investing in Bitcoin because of it's volatile nature then the person has not really understand Bitcoin, I will prefer some one saying that they don't have a discretionary income to invest to invest in Bitcoin than saying they are scared of the market fluctuations (volatility), they should rather accept the reality and understand that the market is built to function that way and look for something else more reasonable to give as an excuse while they have chosen not to or reluctant to invest in Bitcoin.

That's right, my friend. If someone doesn't want to invest in Bitcoin just because the price fluctuates, I don't think they're suited to investing in any asset. Because all investment assets fluctuate in price. It's clear there are buyers and sellers. That's why the price fluctuates. So,, if someone doesn't want to invest in Bitcoin just because of price fluctuations, I think they're still a complete beginner and have never invested in any asset. Anyone who has invested in any asset will understand that price fluctuations will always exist. Bitcoin has its own market, and we all know that supply and demand vary. That's the gist of it. But it's certainly a bit difficult to explain to such people, so we need to be patient when explaining to complete beginners.

[Crytohillss]

Some people see investing risk as a problem that must be met with more detailed planning. As a result, investors are no longer hesitant to invest in Bitcoin once they are prepared and confident that it is a worthwhile investment for their future. Despite this, some people are still cautious and fearful to invest in Bitcoin at this time due to the market's constant price fluctuation. However, this is not a reason to halt everyone's plans because selecting Bitcoin for the long term is a far more appropriate alternative, and there should be no fear of purchasing it now and holding it for the long term.

Knowing  risk tolerance before entering on it I just add that not everybody who's caution about volatility is pursuing quick gains so many individuals simply prefer more stable assets and that's fair Bitcoin swing can be an opportunity just like you stipulated but they can also tested people's patience DCA really helps smooth things out at the right time It makes it more manageable.at the end it really comes down to know your financial situation and being trueful about how much uncertainty people are comfortable with it.

[Barikui1]

In my opinion, it is better to create an emergency fund first.

Your statement here is wrong, because trying to create an emergency funds first before starting your Bitcoin accumulation is going to slow your accumulation process, instead I would advice that you start accumulating right away, once your discretionary income is available, and while doing it, you can be keeping aside your emergency and reserve funds alongside your bitcoin investment, not by putting any of them on hold, because putting any of them on hold will be detrimental to the growth and sustainability of your Bitcoin investment.

[alankasman]

Your statement here is wrong, because trying to create an emergency funds first before starting your Bitcoin accumulation is going to slow your accumulation process, instead I would advice that you start accumulating right away, once your discretionary income is available, and while doing it, you can be keeping aside your emergency and reserve funds alongside your bitcoin investment, not by putting any of them on hold, because putting any of them on hold will be detrimental to the growth and sustainability of your Bitcoin investment.

That's rare so you're quite certain you're wrong about the person's statement. I also strongly support your revision of what someone said earlier about creating an emergency fund before starting to invest. This is because no one takes such a step. In fact when someone has already invested and is in the middle of their investment journey they can then use their emergency fund instead of creating an emergency fund first and then investing. This is what's confusing everyone in this Bitcoin forum.

Usually what people do is still invest first and the investment is not only with a large amount but even with the smallest amount of course regardless of doing it for new investments it can be done for emergency funds meaning that the results of what someone invests can only do or set aside a little for the emergency fund and not the other way around which is what someone said earlier so when I observed the question earlier I immediately became confused and it was also necessary to clarify it even though sometimes many parties have clarified it but I will also give a little description of what is actually about the term where the emergency fund was born based on the knowledge I have but the goal is to still understand each other so that we here are not wrong in conveying what sometimes the conveying we do can harm others instead of the benefits that we convey through this discussion forum.

[Yablee0]

In my opinion, it is better to create an emergency fund first. I have read some of your previous posts and I see that you are more interested in knowing. That is, if you are really investing in Bitcoin, if your income is good, then you can save Bitcoin little by little with an emergency fund (DCA) method. Why am I emphasizing on an emergency fund! If you save Bitcoin little by little, then in case of an emergency, you will try to sell Bitcoin even at a low price. So it is more important for you to have an emergency fund.

You are making things complicating here mate, you said a lot of things that isn't connecting. It's not a must that you should first set up an emergency funds before investing in Bitcoin, what matters most is your discretionary funds , once you are able to figured it out you're good to go. Maybe along the line of your investment journey you can put up your backup and emergency funds in place so that you can be able to fix real life problems when it surface without touching your investment holdings.

However, these are two different things that you need to understand better and fix them in their respective position without mixing them up.

[Renampun]

In my opinion, it is better to create an emergency fund first. I have read some of your previous posts and I see that you are more interested in knowing.
snip

Preparing an emergency fund is indeed important, but it's best to accumulate small amounts first and then build your emergency fund as you accumulate. focusing too much on building your emergency fund first will only slow down your accumulation process.. therefore, invest with your discretionary income and then, as you accumulate, build your emergency fund, this way, you can accumulate while maintaining your financial condition and won't touch your investments in the event of an emergency.