You don't follow up this thread discussion by reading people's post if not by now, you should have known the use of emergency funds. Emergency funds isn't for investing or for anything but to protect you from selling your bitcoin stash when you are hit with real life emergency. It's a backup funds to your bitcoin investment and not flexible.

This is because, if you use your emergency funds to invest into bitcoin, when you are hit with real life challenge, you will sell and that has killed the main reason of setting up an emergency funds which prevents you from premature sales. It's your reserve funds that you can use to buy bitcoin during a dip because that's one of the purpose of setting up a reserve funds.

Life is short and one, so I do not agree with the statement that selling Bitcoin for pleasure should be completely avoided. An investor should try his best to make life beautiful and enjoyable. And wealth is not just to accumulate it with difficulty. Therefore, it is not unreasonable to sell Bitcoin to buy a necessary car, travel to spend time with family, or improve the quality of life.

However, it is important to me not to sell Bitcoin for low-quality investments because it is not wise to go into risky or weak investments by selling Bitcoin for the long term just in the hope of making more profit from some other investment.

It is important to be aware of investing because it is necessary for long-term progress. It is also important to build an emergency fund because there may come a time when you lose your job or source of income and you may need cash to manage your normal life. It is normal for a person to be in a sudden danger, so cash may be needed to overcome that danger and an emergency fund is effective to meet it.

Not making provision for an emergency situation by creating an emergency funds is already an investment mistake that can make someone to sell off his bitcoin unintentionally due to an emergency situation.

Bitcoin investment is supposed to be a very long term investment and even at over accumulation stage, a person can still decide to HODL his bitcoin further. It is true that everyone has the right to do whatever he likes with his bitcoin but then what about considering a Sustainable withdrawal method instead of selling off the entire stash, you can sell in bits and can also decide to invest along the line.

Bitcoin investment is done with money that you can afford to loose which means you only invest after taking care of your basic responsibilities and you invest a percentage of your Discretionary income which you can afford to loose. If you do it rightly, then you won't make your bitcoin the only source of buying a car because nothing is guaranteed. If you are saving your bitcoin because you want to buy a car, what if volatility goes negative around the period you want to sell?? So to be on the safe side, ensure you invest the money you can afford to loose and not the money you have a plan of buying a car with because you are not sure of what tomorrow brings in bitcoin.

If you reach the over accumulation stage by accumulating Bitcoin you can withdraw a small amount to increase your real assets. Maybe you will buy real estate or buy gold. In fact selling Bitcoin for a luxurious lifestyle will not be the right decision. Even if Bitcoin reaches the over accumulation stage if you have discretionary income it will be realistic to do DCA regularly and holding Bitcoin will be more reasonable than extra accumulating fiat.
One thing here is whether you have done DCA for 10 years, if you can reach that stage that maybe we can call it a reasonable stage for Bitcoin investment. At that time, you can decide to withdraw some of your Bitcoin if you are in a profit stage.

Selling repeatedly from the savings stage certainly undermines the investor's main goal. However, you need to remember that making an emergency the natural reason for selling can be a bit risky. Because you are supposed to have a separate fund for emergencies in advance. If selling Bitcoin is your last resort for every problem, then I would assume that your investment structure was already in deficit. I don't even think that the only reason to sell from the savings stage is a life-and-death situation. If you have set aside some part in advance for a specific purpose such as family, medical care, debt reduction or creating an income stream, then it is not a fear sale. The problem is when someone sees a small profit, sees price fluctuations, or starts cutting into the main savings just for enjoyment.

Bitcoin investment itself is already a great investment, Bitcoin is a very suitable investment as a long-term investment. And so selling it and making any other investment does not seem very reasonable. But if you have already benefited from a significant amount of Bitcoin, then you should definitely enjoy your profits. No matter what we do to make an investment or acquire wealth, the main purpose of everything is to enjoy those assets, right? And so after benefiting from Bitcoin, we must enjoy that profit. We must not live forever, and therefore we must enjoy our assets and for this we must sell Bitcoin at some point. But we must start investing with a long-term goal, set a long-term goal, then manage the investment according to your ability after meeting all your necessary needs, and after achieving the goal, then enjoy it. In the end, if you cannot enjoy something, then that asset has no value.