what kind of emergency are we talking about here?.
Energency funds is very impotant, because you will need it to take care of any expenses that arises that is out of budget. You said that you are staying with your parents but it is not everything that you need that your parents will provide for you. For example, taking your girlfriend out or if she is in condition and needs your help financially. There are some emergency that occurs that are not of our power to stop them and that is why you need to gave an emergency funds always reasy so that you don't go back to sell your bitcoin investment. So for you to be successful in your bitcoin joutney, an emergency funds is very important. Dor people that jave some kind of business running, there businesses can be used to take care of their emergency funds.
For a start I think I can use two strategies, lump sum and dca since I can manage that for now, is it also possible I lump sum on dips, since its buying with a huge percentage of your capital each month, can I use lump sum in a way that i set it to buy at any dip that occurs in the market while I use dca to be on a safe side since the market is unpredictable?
Of course mate, lump summing at the dip is the best, especially if you were lucky to buy at the bottom-line, and this is why it is advisable to save some money or prepare for the dip in your own way so that when if the dips happen, you will use the advantage to buy bitcoin at a discount price to help increase your bitcoin portfolio faster.