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Personally, I believe that you should do what's best for your own personality and where you are most comfortable. Some people like to buy the DIP to take advantage of discounts during bear markets or during large crashes, some like DCA. There are also some people who like both. It's about YOU and your personality.
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Yeah but who gives any ratt's asses about you and your personality if you don't have any BTC, then you should not be fucking around using waiting as your investing strategy, and part of the reason that DCA is better than buying on dips, especially for newbies, no coiners and low coiners, is because they need to buy BTC in order to prepare for up. Once they have some BTC, then they might have more luxury to wait around for dips, since once they have BTC then at least they are somewhat prepared for up rather than not being prepared or being insufficiently prepared and having to panic merely because their dumbass personality did not cause them to do the right thing for themselves, which is to buy some BTC in order that they would be prepared for up.
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I'm VERY confident that most of those cryptocurrencies that are not Bitcoin will simply die and/or become irrelevant after two or three decades. That's also how long your time-preference be for your Bitcoin investments in my personal opinion.
I am all for considering long investment timelines, but let's attempt to be realistic and practical. Some folks don't have a 2-3 decade investment timeline.
Procrastination is a goal killer and a dream killer as such every investor that wants to go far in Bitcoin Investment should not entertain this act if not it will ruined your plans and deter you from achieving your aim as an intending and existing investors.
You said something about perfect time to invest, I think there is no perfect time to invest in Bitcoin although the dip season is said to be the best period to invest,
But there WAS a perfect time to invest in Bitcoin. That was during the bear market when the price dropped near/under the 200-Weekly SMA. Because people miss it doesn't actually mean that it doesn't exist.
¯\_(ツ)_/¯
It is almost irrelevant what you are saying since we cannot turn the clock back. Either you invested or you did not invest. Remember October 2023, you were waiting for bitcoin prices to go down and telling everyone about the dip down to lower $20ks that thought was coming, and at that time the BTC price was already below the 200-WMA, yet you were telling people to wait for more dip, that did not end up happening, and the opposite ended up happening.. which was going from $27k to $74k in a matter of 4-ish months. How did that waiting for the "perfect" time work out when you had not even known that you were already in a good enough time?
That simple "line" holds historical significance in Bitcoin, although "some people" may disagree.
what if the price of Bitcoin keep soaring, are we going to still be waiting for the price to drop before we invest? What if in the process we spend the fund while waiting for the dip time to come? I think this are discouragement mindset and I see them as procrastination that tends to divert our attention from from doing what we ought to do whenever we are ready.
I believe you're applying the wrong attitude towards choosing a DCA strategy. A DCA investor accepts the condition that he/she can't predict the market, and therefore purchases an asset in a fixed amount/in regular intervals. Telling yourself, "what if the price of Bitcoin keep soaring", will merely lead you to FOMO.
If you are holding back money and not investing, then you may well be led to FOMO more easily than someone who is already investing (through DCA) on a regular consistent and persistent basis.