I don’t think the up and down trend really matters as accumulating bitcoin for long term run now is better off monitoring an entry price, people who accumulate within shortest interval might be over investing including the pressure from my view but if such person is financially stable it’s not a bad choice, we can always accumulate regularly using the dca for those who don’t have the money to buy the dip or lump sum. An investor can still apply both strategy and continue dca , it’s never too late to buy and hold bitcoin mostly people who watch the price before making any move can start buying now and hold.
Those who monitor the market price before investing really don't understand the concept of Bitcoin, we all know that Bitcoin is volatile and if you want to make good profit from Bitcoin you need to hold for a very long time so why monitoring the market price of it, those that monitor Bitcoin market price before investing are too desperate of making profit from Bitcoin and with such desperate mentality one can be patient and one can't succeed.
There are some things I expect from newbies who are into Bitcoin investment which is going into the history of Bitcoin how it started, what was Bitcoin first price, what is Bitcoin current price and know people who has been holding for 10 years now.
When I did all this research no body told me what to do, I will tell you for free the best way to achieve good Bitcoin profit is by holding for a very long term.
If one can be consistent in accumulation and holding for 10 to 20 years one will forever be proud of his or her self.
Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed.
People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
It is never late to invest in Bitcoin because Bitcoin is not going anywhere soon. The price might have changed from what it used to be few years ago but that does not mean that investing in Bitcoin now is a bad decision. When price of Bitcoin reached 1k, people also complained of it being too expensive to purchase at that point and a lot of people felt that was the best it could do. Today we have seen how wrong they were for thinking that 1k is too high for the price of Bitcoin. I will be happy to see the faces of those thinking that it is late to invest in Bitcoin now when price of Bitcoin hit 100k and go beyond to as far as 500k. It will happen because Bitcoin has limited supply which any rapid increase in demand will create higher prices.
The good thing is that Bitcoin can be purchased in fractions which means any amount you have, you can buy Bitcoin and continue from there. You don't have to but 1BTC before you start, any amount will be fine provided it reaches the minimum withdrawal from the platform in which the purchase is made.