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As I said earlier in the local board today, new investors and old investors of bitcoin are always happy when the price is in the dip and the bear market because that is the best time to accumulate many to the wallet so that whenever the price goes up they will make good profit from it. And what happened last week in the bitcoin price was also good for short term investors like the price was on $54+k and if an investor bought it at that price and today, it is $56+k and the person would make 2% increase as profit. But the best investment plan is long term so you don't have to both yourself to monitor the market.
New Bitcoin Investors and Old Investors Why They Should Wait for Market Dips If they adopt DCA strategy in their investments and plan to hold for long term then they can buy or be ready to buy anytime with available funds. I don't think it is at all convenient to just buy the dip all the time because any situation arises in the market at any time. As you mentioned the price of bitcoin touched $54k then it went up again. So those who didn't buy Bitcoin at that price but thought it would go lower may be regretting the rise in Bitcoin prices right now. Likewise, if the price of Bitcoin rises again from here, they may regret it. Then they will have a reason to regret why they didn't buy bitcoins at that price to invest. That's why DCA investment always gives us an opportunity to buy Bitcoin whether it's a market dip season or a bullish season.
And nobody can guarantee the price of bitcoin at all time and that is why it is good for the long term investment. And whenever the price dip then it is to refill the wallet for whatever I have. If someone bought it when it is high and the price suddenly came down to the dip, he should not panic and all what he should do is to pick courage and keep hodling and one day the price would go up again.
Before investing in Bitcoin, the investor should pay attention to his reserve fund because even if the price of the coin falls in the market, he can use his reserve fund to continue investing. Every dip may scare the investors but if there is enough money to invest, the dip creates more opportunities for the investors, moreover, the level of buying bitcoins increases during the dip season due to continuous DCA.