Thought so... So how can you know when you've reached a low point? Is this the lowest point in our history?
You may think it's impossible that bitcoin will ever return to these prices, but people who waited for a dip at 1400 had the same idea, and the price went down a lot and they waited for it to go down even more, and when it started to go back up they waited for it to go back down, but the price only kept going up and never saw those numbers again.
So, purchasing every dip is a fantastic idea, but it's not something you can easily do yourself without knowing when you're at the dip, implementation is more difficult than the advice. On the surface, I agree with the concept, however, I've had several failures with implementation.
What are you doing then, sushil?
It's not like any plan or practice is going to be fool proof, and many of us already appreciate that it is almost impossible to predict any exact bottom or to know how long the BTC price is going to stay down when it is down.
So if you have a cashflow coming in, you can reserve part of that for buying various dips at various price points, and you can use other portions of your incoming cashflow to buy no matter what the price.. just in case the dip is already in.
There is no exact answer, but it seems that one pattern exists for people who have been in BTC for longer periods of time, and those who had continued to buy on a regular basis have tended to do quite well especially after one or two cycles.. so 4 years or longer.
Of course, if you timeline is shorter than 4 years or even 10 years, then you might end up in a world of hurt because you are too busy with being preoccupied about the BTC price rather than just accumulating on a regular basis... it can take a while for any investment to really pay off, and BTC seems to be amongst those kinds of investments.. there are no guarantees, either... but bitcoin does seem to be a decently good (maybe the best) of asymmetric bets that are available to normies.. and you can start with small amounts or larger amounts if you have it, but even if you have larger amounts, you might still be cautious in terms of how much to allocate to bitcoin and what approach to take in order to reach whatever BTC accumulation targets you set for yourself and the targets that you might also tweak along the way, too.