I think the market just offered us another opportunity to buy, buy and continue to collect more Bitcoin at a very reduced price. This does not come as a surprise to me though because I expected some corrections from ending of July to August but this will begin to change as we approach September, a month that is always seen as a positive month for Bitcoin. Both those using the DCA method and buying the dips have the chance to take advantage of the drop in price. This is not the time to panic but time to take actions that is intentional.
This month may be the last chance for us to buy dips. We may not be able to buy bitcoins at this price anymore. This month of August may give us a great opportunity to buy more bitcoins at a lower price. Many holders are panicking and selling their bitcoins, I'd say they're making a huge mistake that they'll regret later. This is not a month to panic but rather a month to take advantage of opportunities. So don't panic during this low price of Bitcoin and focus on increasing your investment.
Actually this is really a period to take advantage of the market but not a last chance because as long as Bitcoin investment is concerned there's nothing like last chance to..., because we can't really tell for sure, we are just predicting and for those who are panicking is not necessary and people who panic seeing the price of Bitcoin dipping are mostly traders and those who don't know how Bitcoin works because someone (investor) who understands how Bitcoin works will take advantage of... wisely instead of panicking.
Bitcoin is more risky for investors to panic which could be detrimental to their holdings. You can expect enough bullishness but price assumptions may not be correct so you should continue to buy Bitcoin regularly (DCA). Boldly increasing your holdings and making the right decisions and buying dips can tempt you to grow your Bitcoin stack as expected. Accurate forecasting of the market is not applicable to you if you are into buying regularly and expect more holdings. You should aim to build up a stack of Bitcoins alongside your family's daily expenses and
wait for the chosen time to diversify your portfolio (DIP).
What like seriously......diversifying should be done at the DIP that is not a good practice because you will ruin everything that you have invested into bitcoin. Let me believe that you are not talking about diversifying into shitcoins but other kind of investment that is not in line with bitcoin, if not it is a waste of time and why will you leave growing your bitcoin investment and put in money in shitcoin.
Imagine that you are still accumulating bitcoin and you want to diversify into real life investment like stocks, bonds, equity and cash equivalent, it will be a distraction and you will lose focus on achieving any of your goals because you have not achieved one before jumping into the second. Now in your own case that you said diversifying at the DIP is the worst because even if you have more than enough Bitcoin and you want to diversify into another line of investment, it should not be during the dip because during the dip your bitcoin portfolio will depreciate.
Also it is not compulsory that you take part of your bitcoin investment to diversify into other investments. You can use a different source of income to invest in other kind of investment and not from your bitcoin hodlings. This is why when you feel you have bought more than enough Bitcoin, you can them channel that money that you are using to buy bitcoin into a different investment to grow it so that let it not be that you are depending on only your bitcoin investment should incase the price of bitcoin goes against you.