~snip
Sometimes folks wait for a certain size dip, such as 20%, yet it might not do you a lot of good if you had been waiting since $27k for a 20% dip and then finally you get your 20% plus dip, but the dip is ONLY down to the lower $50ks.. Another problem with waiting for any dip is that you might get several dips that almost meet your threshold but not quite, or alternatively they meet your threshold and then you end up blowing your whole buying on dip amount, while the price keeps dipping.
Surely, there is no exact formula, and a person surely has to figure out how early he might be in his bitcoin journey and maybe consider that his main emphasis might be buying regularly no matter what, even if he might have a side hobby of buying dips, and surely if someone might have been accumulating for a whole cycle or two, then he might be more discriminating in regards to how much dip he wants to get, and not be necessarily prejudiced if he misses his dip buying targets.
You are right. What I feel is the main issue of waiting for the dip is the aspect of misleading opportunities and psychological stress. No prediction is accurate as you mentioned. The more effective strategy for many investors has been DCA because they do not have to go through the idea of focusing and waiting for a specific decline in the price of Bitcoin. Having a long-term perspective will remove our mindset from short-term price fluctuation and this is something that most investors fall victim to.
The fact that Dip always create opportunity for investor to accumulate more Bitcoin doesn't mean one should invest more than they are suppose to invest. Some people who panic and tamper their investment sometimes is as a result of what I mentioned above however, my advise is anyone who wants to take advantage of the Dip should check his/her pucket very well in other words, plan before doing anything so that you don't come here and say things that will mislead or discourage people because of what you get yourself into after all Dip is what is band to happen in Bitcoin one can invest anytime just that the more Bitcoin increase the higher the Dip that is to say that any new ATH has it Dip limit though it volatility can be very funny at times.
One of the golden rules of investment is 'understand your financial strength'. It's not about rushing to buy the dip whereby we tend to touch money that was meant for other purposes without considering the risk involved. People often get excited and carried away when they see the dip and then invest their emergency funds and monthly expenses funds into the market. Instead of doing this, its better we remove this expenses an invest whats left into the dip because if life event happens and there is no fund to use we may end up tapping into our investment.