That's just the rightful way and a crucial point to go about our investment into Bitcoin and to avoid being forced into selling our investment into Bitcoin to help us stand these tests of time, because we definitely will have some problems or have a period we may be faced with a financial storm along the line while our investments are still running. If emergency funds aren't in place for such arising problems, your goals won't get achieved over the long run. While investing for the future, we should make plans or preparations for unexpected expenses so we don't dip hands into our Bitcoin holdings.
We should not be too sure about the future. It may be that you have succeeded in long-term holding without an emergency fund, or you may not be successful. Both are possible.
But we must not take this risk. Because Bitcoin investment is very important for a person and if you can succeed in the investment, your quality of life may change. It is not advisable to deliberately take risky steps in such an important matter. We must have a positive attitude towards investment and have proper plans against even the slightest negative possibility.
Although there are two possibilities of success or failure in investing without an emergency fund, the possibility of failure is still high. So we should not ignore the emergency fund in any way. We should not even be sure about the future, whether it is positive or negative.
Are you in any way justifying investing without proper chain accumulation of emergency funds? Do you really mean to do that? Life is very unpredictable and whatever has a higher risk return does not worth attempting, not even investing without proper emergency funds. I don't think there can be any successful long-term bitcoin holding without a good emergency plan. So there's evidently nothing positive about investing without emergency funds.
Long-term investment means you invest what you can afford to hold for long and possibly what you can ignore it's existence. So enough plans must be made in the form of emergency funds and back up funds and all of your basic responsibilities. Talking about changing your quality of life because you are investing in bitcoin is dependent on how you mean. Every investor also deserves a good life. So don't even live a lowly lifestyle because you want to accumulate bitcoin. Any investment that makes you get malnourished or ignore your basic responsibilities would still not last.