If there is no different funding then Bitcoin will be held off for a long period of time.
If there is no emergency funds available there is no way you can hold your bitcoin for a long time. That's it has been emphasized several times that for you to hold bitcoin for long as an investor make room for emergency funds.
Exactly since you could touch your balances which supposed to be used for holding if you don't have enough emergency funds to use for certain things needed in future. That's why its been discussed that 3 months is already enough and some other say 6 months is fine so that they will be in good shape and nothing will disturb them towards their long term hodl plans.
If they just say that they are here for hodl but they don't do any long term preparation for sure they would fail especially if these people will encounter a huge upset and the market will suddenly experience a bear market condition since provably they would dump their coins to save their asses. For this scenario emergency funds is really needed so that they will not think about touching anything then can afford or able to forget the funds they saved.