The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
It is important to buy the dip if you want to be profitable. Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH. Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone? DCA strategy is good for newbies who are just starting out but for those who have the knowledge of trading, they apply DCA in a more efficient manner.
The bitcoin market is such that cannot be predicted and if you stick to the DCA strategy, you will enjoy it better and not cry over missing opportunities when the price doesn’t come back to the level you’ve assumed it to come for you to buy more. Every fall in price even during DCA is an opportunity to buy more, so a long term holder that is using DCA strategy will always be happy to see a fall in price in order to buy more bitcoin at the same amount they’ve set aside to be buying either weekly or monthly.
Applying the method of trading could be dangerous because it may look more like gambling and not knowing and just predicting where the price could be going next. This ideology could discourage newbies and those that have knowledge of trading before should avoid mixing it with DCA strategy. It will only give room for so many mistakes that cannot be correct when made. Trading is different from DCA strategy and they shouldn’t be intertwined.