But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.
If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.
He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?
A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.
Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?