To be able to take advantage of the downturn will indeed depend on one's financial condition and it is very unlikely that those who have enough income for their needs invest their money in Bitcoin because they have to take it immediately when they need it while the asset takes a long time to be able to wait for profits then it is very important to have funds that can be held in the long term when wanting to decide taking advantage of the declining condition.
There's a saying: "If there's a will, there's a way; if not, there are many excuses." Ever heard of that?
The thing is, if you see an opportunity to invest, you’ll find a way to make it happen.
And did you know that when the market is down, that's actually the best time to accumulate? They say that during a bear market, the weak hands will panic. Are we weak hands? Definitely not..
Waiting for the bear market before investing or when the price of bitcoin dips is not the best approach for a new investor who just want to start his bitcoin journey. It is better that a new investor should invest immediately he has the money to buy bitcoin so that he can start building and growing his bitcoin investment before it is too late for him because bitcoin price waits for no one.
A beginner needs to know how much of his discretionary income that will enable him keep his bitcoin accumulation ongoing without any interruption consistently and persistently overtime through DCA regular buying every week or month. If you wait for the dip, you will miss the opportunity in the market and before you know it, it might be too late for you to be able to accumulate the quantity of bitcoin that you are suppose to have accumulated if you started buying immediately.
Since the new investor is on a long-term investment journey, buying bitcoin with DCA might give him some good profits overtime based on the size of your bitcoin portfolio and that is why Bitcoin price should not bother you but what you should be bothered about is how many bitcoin that you have and how you can keep on increasing your bitcoin portfolio overtime for the future.