Before investing in Bitcoin, you need to create an emergency fund. Because I will invest in the long term, so that if you face any kind of financial crisis during this period, you do not have to withdraw your invested money. Then you may have to take money from your emergency fund to overcome your financial crisis. For this, you need to create a fund.
It's useless creating an emergency funds before starting your Bitcoin investment because you don't have any bitcoin investment available so what is the need emergency funds. Your emergency funds is a backup funds to your bitcoin investment and when you are a no coiner, what are preventing from selling.
It isn't easy to set up an emergency funds of three months of your income because for some small income earners, it might take them up to one year or more to build their emergency funds from their discretionary income. So when you are busy waiting to build your emergency funds, you are missing a lot of opportunities in the market. You might be wasting time and bitcoin price will keep increasing.
Starting your bitcoin investment immediately when you have the funds to start should be your priority, because you are starting late and have missed a lot of opportunities of buying cheap. Secondly buying regularly, consistently, persistently and aggressively to increase your bitcoin stash overtime should be what you are more focused on. You can start building your emergency funds, when you have started your bitcoin investment. It's just that it will take you more time to be through with setting up your emergency funds since you are doing two things at the same time. However, it's better to be a lower coiner than a no coiner.