Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.
Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.
And I believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The basic fact about bitcoin investment an investor should not wait rather accumulating bitcoin should be done consistent, missing any chance is not worth the wait meaning investors who wait for bitcoin price to dip they might end up regretting when they never get to see bitcoin dip. As most people will ask if bitcoin will dip or not and the answer is bitcoin will experience a dip no doubt but that doesn’t give anyone the impression of waiting rather invest now because we might not see previous price range, bitcoin is actually a quality asset so we don’t expect bitcoin to go below rather personally my expectations are firm.
Why should we wait for the dumping season before buying bitcoins we should use the opportunity to buy bitcoins when we get the opportunity. There are also many investors who wait for every dip season to buy Bitcoin, only to find that Bitcoin rebounds from the price at which they neglected to buy Bitcoin, i.e. the market is bullish instead of dip. As a result, the opportunity they were waiting for does not come in front of them for which they fail to buy bitcoins.
So we have to buy bitcoins in any market situation with a strong investment mindset so that we can enjoy the benefits of every market moment. If we wait for the market dumping then we might regret it if it doesn't happen So regular investment will be fruitful for us.
The actual fact is that, most investors have fail to understand that their is no wrong time to buy Bitcoin as long as you are a long term holder, just as you rightfully said, those investors that only wait for the dip before they make a purchase of Bitcoin mostly miss a whole lot of buying opportunities, because they most times think that the price of Bitcoin might drop further, but it rebound from there, so they weren't able to buy the dip that they should have bought, so as for me, the best time to buy Bitcoin is now, and using the DCA accumulating strategy is actually the best way to go about it, because you will definitely buy at every price interval and even the lowest part of the dip that someone using lumps sum investment method might miss, so waiting for the value of Bitcoin to dip before making a purchase is not actually ideal too me.
I agree with everything you said on your post because a new investor or a low coiner should not think of the dip talk more of waiting for the dip before buying bitcoin because it will limit their chances of getting started immediately, and some might end up being a low coiner after a very long period of time because they were making the wrong decisions on increasing their bitcoin investment for the future.
The only investors that can wait for the dip before buying bitcoin are those investors that their bitcoin investment have reached a certain level that even if they DCA weekly, it will not have any significant increase in value to their bitcoin investment. Such investors can wait for the dip to buy a good amount of bitcoin to add to their bitcoin stash for a significant increase.
Yeah you are right, some people that wants to buy using the lump sum strategy sometimes also wait for a dip so they can buy.
I guess that you are misunderstanding buying with lump sum and buying at the dip. When you are buying with lump sum, it means that you are buying right away irrespective of bitcoin price at that moment. For instance, if you are paid bonus at work and you use the money to buy bitcoin immediately is called lump sum because you don't need to keep the money and be waiting for the dip before buying.
Buying at the dip is when you keep some funds and wait till bitcoin price dips before buying and that is not a good practice for a no coiner or low coiner to use without his DCA going on regularly.
Oh ok now I understand better what lump sum strategy is really all about, in lump sum strategy one buy's Bitcoin at the current price it is at that moment and without minding if the price is high or low and that is what makes it lump sum, anyone who wants to buy Bitcoin using lump sum strategy then start waiting for a dip to happen before he or she can buy is no longer using a lump sum strategy but buying in the dip strategy.
I understand very well what it means by buying in the dip, and I don't encourage that because it will delay your Bitcoin accumulation.
You can't compare someone who is consistent in his Bitcoin accumulation for 5 or 10 years to someone who is always waiting for a dip to happen before he or she can buy and then hold for 5 to 10 years, that person that has been consistent buying Bitcoin weekly or monthly will be more successful or will accumulate more.
What I'm doing is buying consistently and I will continue in that way, if you check the history of people who has accumulated enough Bitcoin they are people who were consistent in there accumulation irrespective of the price.