So this where most of us here in this thread gets it's all wrong because emergency funds are savings that are might to bail us put of situations that would have cost us our investment rather it will only take your emergency funds instead of your investment, that is the core purpose of emergency funds.
but most of you don't really understand this fact, if you're preparing yourself for investment, your emergency fund should be a priority for you in order to survive all kind of waves including the life threatening issues that was supposed to cost you your investment. This emergency funds should not just be for a mere car repair issues or minor medical issues but contain both the funds that will probably drive you away from all kind of problem that will seek you to attempt with your investment.
it seems you are making a theoretical statement sir.
As much as it is necessary to set out modalities in place that will prevent is from torching our holdings in times of emergency, the reality is thatt emergency do happen and it's not everybody that always have what you are talking about here as emergency funds. As a matter of fact, investing in bitcoin is the emergency fund of some people and when they are able to sell off their holdings to solve a particular life problem, it actually gives them relieve that the made a reasonable investment that they were able to use in solving their problem.
In this circle of individuals that are investing in bitcoin are the rich, the average individuals and the poor and emergency fund is more associated with people that are rich. The poor or average individuals considers their investment ad their backup and this is why they get easily tense by any fluctuation in the price of bitcoin.