Depending on the approach one choses, waiting can actually be a strategy too and never a bad thing. For instance, someone using a combine DCA with buying the dip can continue buying through the DCA with the amount budgeted for that while setting aside the amount for buying the dip and wait for the dip to actually happen, knowing that it will surely happen because price does not continue in one direction forever.
An incredible idea I have always embrace as well. Though, my problem with this strategy is also a general problem that I think majority of us have, and that is (Knowing the best time to get that perfect dip). You see, in as much as we've all been saying that there isn't perfect dip or whatsoever, but sincerely, you know that little regret you feel when you think you must have bought a dip too early. It's kind of funny, and at the same time annoying. The market dip can be around $59K when you choose to buy, but happens to drop down to $56K the following day, which shows how unpredictable the price movement can be. But regardless of whether we all get the chance to buy a dip at $59K or $56K, I think combining this strategy together with the DCA method is a good strategy indeed.
We don't have to make it look as if we are under pressure to enter the market because even the DCA also is a waiting process because you are buying in piece of what you budgeted to be invested in bitcoin, you don't put all the money at once but in small quantity and regularly. In other words, assuming you want to invest $10k into bitcoin in the next six months and you have the money now, as long as you have chosen to use the DCA strategy, it means you have to invest gradually while keeping the other parts till the time for the next buy. This is a kind of waiting.
Well, since your investment funds is already in your possession ($10K), and you feel that DCAing(if there is a word like that) should be the way forward, then you can of course do that. Now this is where things become tricky: assuming along the long run of your six months investment, you experienced a good dip(just like the one we experienced recently $56K), then what are you going to do with the remaining DCA investment funds - are you going to buy the dip with the remaining balance?, Or just continue with your already planned DCA method?.
I don't think that a new investor into bitcoin should care about how to sell his bitcoin because it is useless to him since he is only focus on accumulating bitcoin for a very long term since he has made up his mind to hodli for a long time.
I think we've discussed something like this before. All these things are just the basic things that anyone can learn at any time, so it's not necessarily to make them a priority while going for Bitcoin investment. There is literally no technically in this, so a day is okay, which makes it not a big deal at all.
The first thing a new investor needs to figure out is how much from his discretionary income that he will use to buy bitcoin at the beginning that will not affect his regular buying weekly or monthly using DCA strategy. He also needs to know how much he will use to start building his emergency funds of 3-6 months that will be able to survive his bitcoin investment portfolio for the duration of time he plans to reach his bitcoin target. Discretionary income is the most important because it is from there that he will use to buy his bitcoin regularly and grow his emergency funds, reserve funds.
And again, thanks for bringing this up as I just remembered something interesting.
There are clearly so many people that might not even have any idea of what Bitcoin investment is, or the strategies that can be put in place to accumulate some Bitcoin, so I think it would be difficult for certain people to just figure out some of these things listed above all by themselves. I think, this is where they will have to starting asking questions, or better still, making research on how to go about it, which is the first approach ofr step towards Bitcoin investment. Your points are indeed valid. Emergency funds as you've pointed out is very important, which not so many people using the DCA strategy might be aware of, but thanks to those people who have been bringing it up continually on this thread.