These are the thoughts and words of a trader, not a bitcoin investor. It is appalling that some people that pose as investors still possess trader's mentality to a great extent. waiting for the price to dip before accumulating bitcoin is a trader's instincts, else how do we explain trading apart from waiting for the best opportunity to enter the market in the right price position and possibly exiting when short-term gains are achieved. You can see the correlation between such mindset and trading mindset. It is high time people give up on the trading mindset and pickup investor's mindset which is aimed at accumulating more stashes of bitcoin and targeting at accumulating a definite quantity of bitcoin instead of just focusing on the pricing as determinant factor for accumulation.
Dips are rare opportunities to accumulate more bitcoin at low prices when it presents itself. Waiting for it entirely is a bad investment practice and you can miss out on accumulating good stashes of bitcoin and increasing your portfolio regularly. One funny thing with hoarding fiat and waiting only for the dip is that you might end up spending the money on frivolities and not finally actually buying bitcoin with it.
A person vouching for Bitcoin price prediction is not wise. I can say nothing but idiot to anyone who waits for Bitcoin to fall and sets a certain time. The reason for this is very simple, it is impossible for an individual to predict the Bitcoin price. If anyone predicts for sure then he is a hypocrite, we can expect from Bitcoin but not the future.
If a person has the mindset of being an investor then he should not pay attention to price forecasts and prices. Because an investment goal should always be towards investing. They never look at the price. That's the mindset we get from a trader, a trader's job is always based on price. You cannot be a good trader if you do not understand price movements. You may say, because they understand the price movement, it is easy for them to predict, but you have to understand that an experienced trader also faces losses many times. That is, it is not possible to predict for them. So if you want to become an investor, you need to change your mind-set like a trader and focus more on investing. Always be interested in buying instead of waiting for the price to fall.
Absolutely right, and DCA investing solves the problem of trying to guess the bottom of the price.
Related story: recently a friend of mine started saying that gambling and trading are very similar, and he claimed that they are unpredictable. I just opened my mouth to object, and suddenly realized that the price of Bitcoin is really impossible to predict. It is easy to tie events after the price has moved, but no one knows the course of the price in advance. This is the difference between guessing (trading) and smart DCA investing.