Is emergency funds a necessity when using the DCA strategy ?

[ejikeme24]

I don't recommend using emergency fund for your bitcoin investing, the reason is because emergency can take place at any moment, and even if your income is coming weekly or monthly without missing, it is still a high risk to invest in Bitcoin with your emergency fund. If you desire to invest in bitcoin, seperate your investment fund from your emergency fund. This idea of  using emergency fund for investment has caused troubles for some people who tried such a thing. Just take for instance, their is an emergency, maybe health challenge that requires taking someone to the hospital, if you have used your emergency fund for investment, such health challenge can endanger the persons life, but if the emergency fund is available you can easily handle that situation properly without facing financial problem.

Anyone who truly understand how Bitcoin investment works will never think of investing from his or her emergency funds, the reason why most people invest from Thier emergency funds is due to ignorant. Because if not ignorant there's no way an investor will think of investing from his emergency funds knowing fully well that there emergency funds is supposed to serve for other purpose, from the mention of the name "emergency " we are supposed to understand that it is for emergency needs, while our discretionary funds is for our Bitcoin investment.

[Miles2006]

I was thinking this time without number, if it still vital that emergency funds should be  necessary if your income is coming steadily every week you DCA , is their a need to have an emergency funds or reserve funds as a newbie, how should it be a necessity, because your income is coming without missing, and you are still applying the DCA strategy without missing so of what use is an emergency funds.

Your idea will be welcome.

Probably you have a different view about the emergency funds and reserve funds, the emergency funds is called back up funds because these funds are meant for other purpose when an actual money is not available, you might be receiving a steady income daily still you might never know when you need another source so in this case the emergency funds stands as a basic help, they’re terms to why emergency funds should stay accessible at all times.
Most times people save up the reserve funds and wait whenever there’s a dip in the market and accumulate with the reserve funds afterwards they intend to replace the money back although this is not advisable when a person can’t keep up with the usual practice of buying and replacing so it’s best to just avoid this move and continue buying DCA.