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.
Exactly, I think one of the thing that can also help an investor when it come to bitcoin is being flexible knowing that you are not the one controlling the market the market is controlled by different factors so waiting for it to reach a certain dip before you invest is like saying you are the one controlling the bitcoin movement and I can say this is really a sign of greed and fear of course it will lead to missing out from good opportunity.
Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically stable.
Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
nice!!! Actually like this mostly when you mentioned the two most common emotions in investing. Those of you that are always found of wanting to buy when it's dip though buying at such time may make your investment to be more effective and profitable. But how sure are you that you won't end up missing out big time. There's a reason why DCA strategies was introduced. If you want to make it an habit of always waiting for market to dip first before diving in. You should just get ready of missing out.
But when you are DCAing you can keep accumulating bitcoin even when it's price decreases or increases. Using such methods or strategies endures that the chances of you missing out is low and whenever the coin under a nice surge your funds would also undergo that nice surge too. One fun thing of DCA most time you don't have to have a fixed amount. You can buy any quantities irrespective to the funds you have that moment