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and another thing is getting it before others because those who invest into bitcoin first are likely going to have benefits (kind of like Cantillon effect in bitcoin), which surely is not completely fair, but those who know about bitcoin and act upon accumulating earlier rather than later will likely be rewarded more than those who come to bitcoin later.

Sure, I've over heard some investors in their discussion on how they are anticipating for the dip before they buy. And it's very funny how they think their predictions will definitely come to play. The price of Bitcoin due to the concept of scarcity will experience a bulls more than the bears, so definitely the price will go up as time progresses and if they miss the opportunity of accumulating now, the dip they anticipate in buying might even be higher than this current price. Sometimes I classify those who wait for the dip before buying when they have no holding as gamblers.

Actually I don't really no were those investors get that concept that Bitcoin must get to a certain dip before they could buy, actually is a very wrong mentality because considering the potential of Bitcoin and how the price movement behave I see no reason why an investor will allow buying dip to stand as determining factor on his Bitcoin investment because if it happens that the price did not get to the exact point they wish to buy that means they will automatically end up not buying at all.

Perhaps it will be very wise for an investor to learn from the mistakes of other investors because there has been numerous of testimonies concerning how many investors lost the opportunities they had on investing on Bitcoin all in the name waiting for the right moment before they could invest and at the end they end up not getting the opportunity to buy Bitcoin and still so many other investors are still having that mentality of waiting for the dip before they could buy.

Buy on dips is not such a bad strategy, but when it is been prioritized as a determining factor for investing or buying then it's more like trying to gamble the market, and I think these set of persons are not actually long term holders, cause true long term holders are looking at accumulating more bitcoin while these short term investors are just there to make quick profits, hence why they prioritize buying at dips, but the flaw of their design is the fact that you can't really tell if the dip you bought is the last dip, what if the Market continues to dip and you end up catching a falling knife 😅. Moreover, there are times that people tend to wait for the dip for long and it doesn't come meanwhile if they have been dcaing consistently during those times they would have gotten enough in their bitcoin portfolio. Buying at the dip is good but waiting for the dip is not a good idea. The best option is while waiting for the dip, buying by dca could make you reach your target faster.

Both short term and long term hodlers buys at the dip, whichever price they feel is their dip, which is enough for them. The difference between these set of investors is that the long term investors are always engaging in the market at all point, by make use of the available methods of investments, Dcaying on a regular intervals, lump sum buy and buying the dip. Where as the short term investors are always waiting for their perfect dip price. But many of the short term holders are always confused most times as they don't even have an established level of dip they want to see in the market before they buy. Few week ago some of them were praying for price to get to $40k before they will buy, but when price went below that they didn't buy rather they went on and moved their waiting van to $35k region. Now look at where it has landed them. The long term investors are never like this, they make use of every opportunity they see in the market so they stand a better chance of getting something out.

It is not enough to wait for dip, but set a target on the level of dip you want to see in the market before buying. This is for those who are always in the waiting room. It could be a dip of 5-6% from current price. The moment this price is achieved, buy your bitcoin. Don't even be tempted to see if there will be further dip or not. This will help you not to miss out your priority of grabbing some bitcoin.