It's better to pay off your debt first and then invest what's left. Your mental well-being will benefit from this approach. As many others suggest, stick to your DCA strategy.
Certainly, I can't predict the future, but I can anticipate what might occur. While it's crucial to pay off debt, it could take me a decade or even longer to accumulate the same amount of Bitcoin that I could acquire in just 2 to 3 years. It's also a good idea to have some cash on hand, but a better idea investing in a Trezor and Dcaing.
DCA with emergency fund to me sound more convincing and easy to do more than setting aside a percentage from your total income on weekly basis, since emergency funds can also be referred to as leftover money which will be more profitable when saved in an assets that are easily converted to cash like BTC, and from what both of you guys already mentioned, it quite clear that emergence will be the best since in both worst cast scenario and best case scenario if you have a well planned DCA approach you will still end in a good position, since at that point you are not depending on your income to make your investment but rather you are buying Bitcoin from your emergence savings.
But the only side to watch out in all of this is, you must be smart enough not to exust all your emergency saving on buying the dip and in most cases you must at least leave a small portion of the savings behind so that when you have a real life emergency, you will have the funds to sort them out.
That way, the pressure won't be on you bitcoin holding at once and that can allow you to bear market conditions for some time based on long term Bitcoin approach.
To be real about this, using part of emergency fund is not even advisable... You not guaranteed on the expenses of any emergency to happen at any point in time
Funds meant for emergency should be kept completely different, same goes to funds for Dcaing
If Bitcoin does what we all expect (based on our speculation), would it be foolish not to put a large portion of this savings into Bitcoin? In spite of raging inflation, my gut feeling is that an emergency fund is always prudent, as much as losing that purchasing power sucks.
Part of the asymmetric upside nature of bitcoin means that you do not necessarily have to invest a lot in order to potentially profit a lot, which likely means that you should invest reasonably and try NOT to lose your bitcoin over time, and you can choose your own level of aggressiveness that you choose to be in accordance with your BTC allocation/investment amounts.
The perspectives you mentioned are focused on the long term, and indeed, patience is essential. I realize now that I've been placing significant importance on my emergency fund, which I intended to keep, but I had considered using it to buy Bitcoin for various reasons. I think I might not have reconsidered this if it weren't for your viewpoint and Agbamoni's input. I appreciate it! It's valuable to listen to different perspectives and opposing arguments; that's how we broaden our understanding.