Most times, waiting for something to be not to be considered, we have to go towards it and grab it, instead of sitting down and waiting (there is a popular saying in my local, that says "if the mountains do not come to Muhammad, then Muhammad should go to the mountains) and I have been following that step instead of waiting for the dip.
I don't consider waiting for the dip a good way of investing, but if we eventually invest during the dip, then we should take advantage of it (even if it's a Satoshi we can afford at that time).
I agree with you. Years of experience in looking at the history of Bitcoin we can see clearly that waiting for a decline will not bring good results. It's better for you to save little by little. I see a lot of people who keep waiting for the price to go down because in their minds all they have is 1BTC and 0.1BTC even though wouldn't it be possible to buy 0.00001 BTC if we only had enough money to buy that much?
Every investor will want to invest when the price of Bitcoin is low because the lower they can invest in Bitcoin, the more profit they can make when the price of Bitcoin rises. Some may wait for the market to go down for a long period of time to invest and many do not wait for the market to go down so much in the long term investment plan. I don't think it's really necessary for long term investment, maybe if we wait for a long time the market will come down a bit but we don't need to wait so long to buy bitcoins with a small decrease rather we have to invest quickly and plan to hold for a long time. If you consider the popularity of Bitcoin from its inception till now, then Bitcoin's popularity has definitely increased gradually. Bitcoin reached its peak value of $66,000 from where it started its journey.
At that time the price of bitcoin went above 66 thousand dollars but now if we invest in bitcoin then the price of bitcoin can again exceed 1000 dollars so we never miss such an opportunity. If there is money to invest then we should invest in bitcoin with some risk of that money in long term plan.
If you want to diversify your investment when you have already invested in Bîtcoin, buying altcoin is not a good step in diversification because if there is a failure in Bitcoin there will also be a failure in altcoin. You can diversify your investment in something different from cryptocurrency such as real estate investment or selling a variety of merchandise, so that if one market fails, success in others will reduce the impact of failure.
What is the need of diversification when we already have our investment on Bitcoin because most successful investors prefer to have only one source which is Bitcoin because there believe in Bitcoin can never be compared to any other investment so they decided to stick to only Bitcoin which is a very wise decision.
And perhaps I see no reason why an investor will prefer altcoin as a diversification for investment because there is no future for an investor who believes on altcoin, however what surprises me at times is that how could an investor see how potential and how real Bitcoin is for investment but decided to choose other alternatives such as altcoin, perhaps the earlier most investors who sees ltcoin as a method of diversification realized they are making a terrible Mistake the better for them because is only Bitcoin and nothing else.
While everyone is suggesting to invest in Bitcoin, I don't think we have anything to test by investing in altcoins. If we need investment vetting then we should invest in Bitcoin for vetting. I quite like investing in Bitcoin and the Bitcoin platform is a place I trust a lot.
When the price of Bitcoin was $25,000, I invested some amount of money I could in Bitcoin. When I had $25,000, I invested some money in Bitcoin and held it, and now I'm pretty satisfied with my investment. If I divide the amount of money I invested in two, the amount of money in each part will be the amount of money that I am currently seeing profit from my investment. As I got a good amount of profit, for a while I thought I should sell my investment but later I realized that since I don't need the money, I should hold this investment for a longer period of time. Apart from holding the capital and profit part for a long time, I will add some new investment and also keep the new investment amount for a long time.
As much as I have faith in bitcoin, I have enough faith in the long-term to expect better results from the market.