Your emergency funds should be set up first before any other back up funds because your emergency funds is bigger than whatever amount that you intend to use as your reserve funds or float. This is because your emergency funds will be at least three months of your income and fo this reason, you are to put it as your priority after your bitcoin investment. It can take your more than one year or two to set up your emergency funds since your are building it simultaneously with your bitcoin investment.

Your reserve funds can come after you have built your bitcoin investment because the funds that you are using to build your emergency funds is whet you will channel into building your reserve funds. Emergency funds is to backup your bitcoin investment so that you don't sell it when an unforeseen circumstance play out.