Make your choices about how to allocate, and good luck if you are in the waiting camp.. Waiting may work out for you, and it may not.
One funny thing about the waiting camp is that they will always end up regretting and they are always saying how I wished I opted in. Even while they are saying this they are still waiting without taking action immediately. For me provided the money for investment is available I don't see the reason to keep waiting for any dip, funny enough the current price now might just happen to be the dip of the week or possibly the month.
I'm just learning about that new word today "waiting camp" indeed. They are not far from the fearful, the skeptics, the perfectionists that want to enter at the perfect price if such thing as perfect price exist. Price of Bitcoin will continue to go up and down because that is how the market is designed to worm based on demand and supply.
Instead of spending so much time on the sideline waiting when the funds are available, why not simply adopting the DCA method by buying some while keeping part of the funds for future buy, in this case one is not only waiting for the supposed perfect price but already doing something now and maximising the opportunities the market offers now. The disadvantages of not being proactive in respect of Bitcoin accumulation is just too many.
Myself I just learnt that word "the waiting camp" today from @JayJuanGee. Not only that these set of people are waiting for their perfect entering price, they also engage in drawing several lines and making meaningless predictions about price movement, sometimes it goes their way but the shocking thing is that they won't still buy instead they will start drawing another lines. At the end of the day you will find out that they have miss out the chance of buying Bitcoin and may also end up deceiving people who listens to them from buying Bitcoin. It is better to act now than to keep waiting.