It is not ideal to be investing in bitcoin without having an emergency funds because holding bitcoin for a long term may not be possible. So it is good to be building our emergency funds along side our bitcoin investment incase of any unforeseen events it can easily be resolved using the emergency funds instead of selling our bitcoin. Investing in bitcoin without any form backup funds especially emergency funds is the same as trading and if you dont have enough discretionary income to be able to establish an emergency funds and while still buying bitcoin it will best to stop buying because what the person is doing is trading.
You are right. It is very important to create a backup fund or emergency fund to continue investing in bitcoin for a long time. If someone already has some savings as a backup fund or is financially strong financially stable and rich then he does not have to worry about his backup. Because that person is already in a good condition. Even if his income stops, he will be able to continue his life for a few more months or years without selling bitcoin. In the meantime he can arrange another income source. But those who are financially weak should give more importance to the backup fund. If there is nothing as a backup then along with investing in bitcoin one should also give importance to creating a backup fund. And I want to talk about another thing is both investing in bitcoin and trading depend on the intention and mentality of that person. If a person wants to get profit in a short time and starts buying bitcoin by making a short prediction then that person is trading. And if someone holds according to the long time mindset so he is investing. We cannot directly consider a person as a trader or gambler based on this thought of not giving importance only to forming a backup fund. Rather we can say that that person is investing but there is a mistake in his plan. He is not giving importance to an important thing which is forming a backup fund. Now there are many who see that there is no big problem in their life there is no such responsibility, so they do not want to keep so much money as a backup but rather want to invest it in bitcoin. But that person should understand that seeing that there has been no financial crisis in the past, there is no guarantee that there will not be one in the future. Therefore we should give importance to the steps that should be taken to keep our bitcoin holding protected.
