Cheeking or timing the Market before accumulating Bitcoin to me is a wrong approach or strategy of accumulating Bitcoin. If the reason why you are timing the market is to know when Bitcoin is at dip before accumulating will really delay your Bitcoin journey and is not good.
At this point in time I don't think it is logical to be timing the market now as our primary concern should be how much Bitcoin we can be able to accumulate so we won't be left behind so timing the market is a complete waste of time so in other not to be left behind it is best we use this opportunity to accumulate more Bitcoin through the DCA strategy which help you to accumulate Bitcoin regardless of the price level either weekly or monthly because the amount of Bitcoin in your possession will determine how much profitable will be in the future since our purpose is for long term Bitcoin investment.
In fact, for investors who determine the Bitcoin market only to buy dips, it is not only a waste of time, but they also miss out on good opportunities and causes stress. People who always try to time their investments only to buy dips will never be able to invest at the right time, they will only lose opportunities. The main objective in investing in Bitcoin should be regular investment, and long-term holding. You have to invest regularly, build Bitcoin strash by regularly investing a certain amount through DCA, and determine the amount of your future profit portfolio on top of your investment portfolio.
Investing through the DCA strategy allows you to accumulate more bitcoins as a result of short-term market declines, And investing on a regular weekly or monthly basis will give you average value over time, allowing you to build up more Bitcoin Strash if you continue to do so consistently over the long term. The more bitcoins we accumulate, the more profits we can earn in the future, so continue DCA regularly and definitely keep an emergency fund and reserve fund ready, so that you can use that reserve fund to buy more bitcoins if the price of bitcoins drops suddenly.
So all in all plan long term and buy bitcoins regularly, don't sit around buying dips all the time by timing the investment.
Think DCA, because DCA is the most effective strategy and will make you the most profitable.No doubt that the DCA strategy has an enormous benefits one of the reasons why it dominated majority of the Bitcoin threads but however, it may not really be necessary attempting to suggest that the DCA is the most effective strategy when what should be mostly prioritize is maximizing and utilizing any kind of strategy or strategies that are suitable enough to aid investors increase their Bitcoin size, the focal point is to increase your Bitcoin amount while holding for as long as necessary irrespective of your strategy or strategies so far it suits you in terms of your financial status, investment goals and objectives. Secondly, we should also know that people can as well invest in Bitcoin in such way to retain value and not just for profit.