yes, emergency funds is supposed to act as a safety net whenever there is unforeseen contingency or situation that threatens ones peace of mind and not to be used for investing. so many fails to understand this and are easily carried away by the intense of making profits. However when they are face with emergency or situations that threatens there peace of mind that's when they will realise the importance of emergency funds, that it sole aim is not for investing.unless one have steady source of income or upcoming income,if not using one emergency funds for investment is just like trading or gambling with one peace of mind.so it would be wise if emergency funds is strictly for emergency and discretionary income for investing in bitcoin.
As a Bitcoiner our income must have three parts: daily living, emergency funds and discretionary funds. While the discretionary funds sole purpose is to buy and hodl Bitcoin, we also need fiat to meet our day to day requirements and also to cater emergency requirements like paying for medical bills. The funds for daily living and emergency must be our priority because they are required to live a peaceful life, once you are comfortable with these funds the rest of money should go to Bitcoin. What we are investing in Bitcoin must be out of sight, out of mind and that's only possible if we have enough money in hand to meet our daily requirements. otherwise one will keep converting his Bitcoins to meet day to day needs.
I do not buy into this idea at all, as a bitcoiner, your income has two parts which is your expenses budget and your discretionary income. Your day living is part of your expenses since all the expenditures that make up your day living should've been carefully integrated into your expenses budget for a time period pending the next inflow.
Your emergency income should be a part of your discretionary income you build alongside yet another part of your discretionary income you are committed to be investing into bitcoin periodically and it is good you build it out for as long as it would take to achieve at least 3 months of your living expenses, while still maintaining your investments into bitcoin.