This is dumb thoughts of people that they really see those kind of downfall. That $10k is so dip and provably that we will not see this price to reach by bitcoin. We are not moving backwards since bitcoin gather a lot more acknowledgement that this is good asset to acquire and it became a legal tender in one country so they provably waste their time for waiting in that situation. But its their money they are the one can decide if they want to invest now or not.
Bitcoin at $10K again?
Personally don't believe it's ever possible unless something that could threaten Bitcoin existence occurs.
Mining cost is increasing with time, though not a deciding factor plays a role in Bitcoin selling price.
This has been emphasised, never be a Nocoiner
Buy the dip doesn't mean you have to wait for a Dip.
Capture the moment rather than relying on something that may not occur or be fleeting.
But there's nothing bad in having a fund set aside for DCA.
I won't be surprised that there are individuals despite seeing bitcoin price this low are scared of entering now but waiting for further Dip
Yes it's their choice and they could be benefit from it
But what would happen if it never reach their target buy.
Funny many target buy is ever changing
Bitcoin $65K I will buy in $59K
Bitcoin now $57K, no I will buy lower around $51K
If it does fall to same $51K some would still procrastinate lower until it flies before they wake up from their sleep.
It's September we just couple of days to Q4 of the Year which is considered the most Bullish period for Bitcoin.
Not an advice, just an opinion.