Does Bitcoin actually have a Dip season?
Bitcoin unlike any other investment asset has a certain period when there is a decline in its price. This period when investors or traders start experiencing this nature of bitcoin is what is meant to be a dip and it is temporary just like when the market starts appreciating. It is the nature of Bitcoin not to stay in one price position for long which is considered volatile movement or price flutuation.
Also, these dips can come anytime but it is mostly determined to be a dip season for bitcoin when the price gets so high like a price recovery or when bitcoin reaches its new all time high. Which it already did last week.
Or just when you are capable to purchase that comes the investor Dip time?
Anyways, let me just say buying at the Dip and holding is the best format to purchase your Bitcoin and accumulate as much as you can while the markets erupts to be appreciated in values.
You may choose to purchase bitcoin anytime depending on the type of investor you are. Buying Bitcoin when it is lower than the price of last week or yesterday doesn't mean you are buying at the dip. But In this case, buying now can be considered as buying the dip because you are buying below the all-time high. So many investors would rush into bitcoin now since they feel they may not see bitcoin price soon at the price to buy. Bitcoin is actually doing some correction and by speculation we expect to see the market back up.
While we alternates to diversify our investment to the altcoins, I don't think if there would be confidence of reliability to buy and hold for such a long term while aiming for increments in the market value. Believe it, altcoins cans be funny.
I don't think there is any discussion here about altcoin and we should keep that aside for now. If you want to diversify your portfolio other assets can be bought aside from bitcoin. Don't get rekt with the aim of diversifying then you risk your money into shitcoins. Be wise. As an investor with the long term goal you would rather stick to bitcoin and dca your mind shouldn't be else where. Dont you know how old bitcoin is and what it has done since its birth? Do not be scared that bitcoin will not recover unless you are not ready to invest in it.
Just a slight correction in the price of bitcoin you are already scared and thinking of diversifying.