Expected better price means buy bitcoin at dips. You should decide to buy Bitcoin by monitoring the market conditions to get the expected good price or dips. But in case of depositing bitcoins or following investment DCA method may the best choice for you. The Bitcoin market is constantly changing colors so choose your best option. Rest assured that the DCA method is going to be the comfortable investment you expect.
No mate, that is not the best approach you don't have to time or monitor the market condition if is a long term investment plan , which is the concepts of this thread. Those that time or monitors the market conditions are the traders whose aim or intentions are only to maximize profits within the shortest time frame which is considered to be gambling rather investing. The dca strategy allows you to buy Bitcoin irrespective of the price point either weekly or monthly based on your financial situation. However, buying at the dip can be very good as it gives you the opportunity of buying more Bitcoin at a price lower than it's previous high but it shouldn't be considered as a primary investment strategy, the best approach could be being consistence with your dca strategy and prepare yourself for the ups and down that may happen or not to enable you maximize every opportunity of accumulating more of Bitcoin in your investment.
I agree with you on what you said @Tmoonz. It is not just all that, there are also good reasons not to time the market, or monitor the market because it is impossible to know bitcoin price movement, and it will be a distraction and waste of time for that person, because he might end up not buying when the dips comes. This is because it is either he will be expecting more dips, or he will not be prepared when the dips comes, since it comes like a theif in the night.
It is not only traders thay falls under this category of monitoring the market and timing to buy at the dip, both investors who have reached their maintenance stage in the or bitcoin journey can also practice this, because they don't need to buy frequently using DCA anymore, but they will have a reserve funds in which they use to buy during the dips only. The most important reason why it is not good to time the market as a beginner who have just started his bitcoin journey is because you are little or no bitcoin in your bags, and you are late to bitcoin because the price is high. Therefore, because you are late, and you need to acquire a significant amount of bitcoin before the price pumps higher again, you just start buying regular using DCA to give you the opportunity to accumulate as much as possible based on your discretionary income.
The best way to grow and build your bitcoin investment portfolio at that early stage is just keeping on buying with DCA persistently and consistently till you have reach maybe 50% and above of your bitcoin target before you can start considering other method of accumulating, like buying at the dip or lump sum. If a beginner wants to use the advance method of accumulating bitcoin by timing the dip, he will end up not having very little bitcoin overtime, because you can never know the bottom line of the dip. What if you think that you are in the dip, and bought with all your funds as a beginner, and the market goes dipper, you might panic and sell thinking that the price of bitcoin will keep going down, and that will result to loss. Long term hodlers that just starts his bitcoin journey do not need to monitor the market in order to know when to buy or not just use DCA to take advantage of the market.