I will say that you do not need to establish your emergency fund prior to getting started in investing into bitcoin - especially if you are investing for the long term.
*Making sure you have a good amount separately for emergency cases
*Knowing the best method you can use for your investment plans.
*Having good knowledge about the kind of investment you are in so that you will be able to strategize the kind of methods you can use for the investment.
I believe with these 3 points one can successfully know what and what's needed before investing in Bitcoin.
That information is good, but you do not need to establish all of that prior to getting started in bitcoin. You can simultaneously get started in bitcoin and get the stuff you listed into place. So you are wrong in terms of suggesting needs to establish those things prior to starting your investment into bitcoin.
Wrong.
The error or an overwhelming number of most people is not getting started. First thing. Get started..do stuff.. and even if it is just $10 investment to start.. At least at that point you are started. Yeah you can work out the details later, and yeah you should be thinking 4-10 years or longer, so if you are planning on some kind of short-term then that is likely erroneous, so there are people with wrong mindsets, but that still does not necessarily mean that they should not get started, especially if they understand the foundation of investing into bitcoin as being 4-10 years or longer.
Waiting is not an investment strategy... whether your starting goal (ideas) is 1 bitcoin or some other amount...
That is why this thread is enhancing the people knowledge on how investment on Bitcoin is meant to be mostly the aspect of DCA Long term holding good knowledge help alot to safeguard investor for those provisions, such as emergency, reserve fund even also suggest one should engage in other such of income to be more of balance when challenges come to avoid anything that leads to easy tempering of the investment.
Through this thread my eyes opened to know that one don't need jump into investment on btc unprepared one need certain planing and good sharing formula on how to keep the investment running by making certain provisions of reserve fund,and emergency as most challenges of man may be unforseen circumstances.