Yes, sorting out one's needs is very important because it allows someone to invest in Bitcoin freely without having to panic or sell premature because the reason why people sell premature is because they didn't regard their needs and later when there is nothing to help them attend to their needs, they won't have any option than to sell which is lack of knowledge and understanding. Emergency funds can be gotten from one's discretionary, so it is very necessary for someone to keep an emergency funds if they have a huge discretionary income.

This is usually the reason why we most first of all have our discretionary income, with this we are all convinced that we have already settle all our bills and the remaining balance is what we called discretionary income. Then talking about your discretionary income you can be able to invest from here and also build your emergency fund. This discretionary fund have to be divided into three, firstly allocate some certain percentage to your investment, some percentage to your emergency funds and also some percentage for your discretionary consumption, and once all these are done it shows that you are set to invest for a very long term.

Sometimes some people don't lack knowledge, but they did it deliberately thinking that the market will remove based on their mindset, but in such cases I don't consider those people as an investor or rather a trader, because an investor prepare very well before entering the journey or bitcoin investment since the knew that their consistencies matters a lot.

Perhaps prior to 2020, the dollar (and so western countries) were experiencing a debasement that was between 2% and 3% per year, or at least it seemed to have had been the case in terms of seemingly regularity of prices for goods/services.

After 2020, the rate of debasement was at least 5-10% per year and perhaps even more.

You can do what you want in terms of keeping so much cash, yet I still assert that if you are brand new to bitcoin and you are building up cash prior to building up bitcoin, you are failing/refusing to recognize/appreciate the value of bitcoin, and even guys who might have irregular cashflows (including unexpected income and/or expenses), it seems quite rare that guys should be holding 6-12 months in cash, especially if he does not have any other investments, yet perhaps in the context of a businessman, there could be some things that he owns, such as capital assets and property related to his business, so various businessmen may well have somewhat unique circumstances that tend to not be very applicable to an overwhelming majority of normal people.

By the way, even on a forum like this, we cannot presume any kind of western income and/or western opportunities for higher wages, and there are a large number of guys who struggle to maintain reasonably high levels of discretionary income so that they can invest in the first place, and so the solution for an overwhelming number of guys participating in this forum who have discretionary income would most likely relate to figuring out reasonable ways to build up both their bitcoin investment and their back up funds... and it would be close to retarded for them to be overly focused on building up back up funds at a speed that is faster and/or greater than building up their bitcoin... and the reality of the matter is that it would most likely be more prudent for them to give greater weight to building up their bitcoin as compared with their back up funds and to ongoingly be keeping themselves marketable and earning an income that gives them sufficient discretionary funds on a regular and ongoing basis.

So there may well guys who are coming brand new into bitcoin and perhaps they have only 1-2 weeks of back up funds, and they can get started building up their bitcoin from where they are at rather than building up their back up funds before getting started in bitcoin, so let's say that such beginner to bitcoin has an income of $20k per year, and expenses that are about $15k per year, so then that means that he has about $100 per week of discretionary income, and he may well get started by putting $33 per week into investing, $33 per week into his back up funds and $33 per week into discretionary consumption, so that after 1 year of investing he would have had invested $1,716 into bitcoin, put $1,716 into his back up funds and discretionarily consumed $1,716.  After 10 years, he would have had built up $17,160 into each, even though he may well might not have had needed to put more than $3,750 into his back up funds, since that would be 3 months of his expenses, and sure maybe he could keep between $3,750 and $5k in back up funds, and it makes more sense to keep greater back up funds (and even to put some of that back up funds money into other assets - that have less of a priority than bitcoin) as his bitcoin investment size gets larger.

Poor people likely have more reason to make sure that they are investing into bitcoin as compared with richer people, even though bitcoin is important for all people, even though richer people might not realize the debasement of the dollar as much or even how great their lifestyle is affected by the debasement of the dollar - that includes the need to invest into something solid like bitcoin, as compared with poorer people... yet one of the problems with poorer people continues to be being able to ongoingly generate enough income to have discretionary funds that they would be able to invest into bitcoin on a regular and consistent basis, and perhaps even in an aggressive way, since if the amounts being invested into bitcoin are small, there may well be some needs for aggressiveness in regards to investing into bitcoin as compared with having the wrong kinds of focuses in terms of holding onto trashy cash that is debasing so fast that it becomes problematic to be holding it, unless the holding of the cash is offset by the holding of a good (and pristine) asset such as bitcoin.

Prediction of emergency might not be exact but trying to or ability to anticipate the area and some common happenings is possible. You can be able to foresee business brake or job loss, medical conditions and some others but you can't foresee the intensity and the particular time.
There're sometimes when people actually prepare for predictable emergencies financially, mentally and otherwise, this in a way don't just becomes easy that you have emergency funds but it becomes easier that you have emergency funds and likewise prepared for this foreseen emergency.

You are right, what actually kills the poor people is making a wrong decision by saving or holding coins that may loses its value I stead of appreciating. The rich ones has a higher advantages to chest inflation without feeling anything, due to many asset they have On ground and they plan their life well by holding bitcoin for long-term growths, while the poor people must react or feels every Inflations because they feels bitcoin is risky, not knowing that thier money that's being hold as sm ash is what is killing them exactly and more riskier.

That's why I love the ideas of at least, even if it's $10 worth of bitcoin someone is buying weekly and be buying it consistently for long periods of over 8 years is better, some people may be seeing it as small investment but when someone in being aggressive with the small discretionary income is much more better than holding cash.

I don't see any need in trying to predicting possible emergency without taken measures on how to overcome those emergency in case those prediction come to manifest  but surely we will encounter challenges or emergencies  but it is wise we plan prior to those moment if at all it happens. However, i have come to realized that some of the emergency or challenge we encounter is caused by an investor because they neglected things they would have done earlier.

+1 on everything you wrote but the official inflation is nowhere near 5-10%. It's been between 2.5-3% for more than 2 years now. The inflationary spike was 2021-2022 and officially peaked at almost 9.1% in June of 2022 and has been coming down since then.

If you want to make a compelling argument for BTC, cite "official" inflation, which is wrong anyway since real debasement is higher, M2 growth, asset inflation, currency debasement, etc. Cash loses value over time and BTC is the better option to HODL long term. That way you don't have to make it seem like inflation is 5-10% when it's not.

For every investment journey, I think an investor will possibly encounter an emergency, especially if you plan to hold for a long period of time. Cases like this is why emergency funds is included in every investment journey. So predicting if there will be emergency in an investment journey is just like not taking your investment serious, so rather make provision for it.

So as you making provisions for your investment, you should also be making provisions emergency funds. Every successful investment needs emergency funds because emergencies is part of our life.

The money that is already needed for daily needs, bills, food or family expenses is not actually discretionary income. Discretionary income is the extra money that remains after all your necessary expenses are met, which if not used will not affect your lifestyle.

You need to plan long-term in Bitcoin investment. Therefore, buying Bitcoin with the necessary money can become a pressure decision rather than an investment. Later, if the donation decreases or an emergency occurs, you may be forced to sell. Even then, even if you have a DCA strategy, it will not last. Therefore, it is recommended to invest with discretionary income after setting aside your necessary expenses.

This is very real, because it is very difficult for people who do not have money to start investing in Bitcoin. Because if they do not have money, they cannot invest even if they want to, and they cannot take out loans to invest. It is especially difficult for people with low incomes to invest in Bitcoin, because their needs are always there. It is very difficult to satisfy their needs and invest in Bitcoin. If I say from my perspective, I do not come from a high-income family and I do not come from a middle-class family either. I come from a low-income family. I understand how difficult it is for me to invest, because when I get a monthly salary, that salary is spent on the needs of the family, there is no extra money to save. So I can honestly say that it is very difficult for people who do not have money to invest.