Just of recent I met a guy that said he is waiting for bitcoin to dip to $35k before he continues accumulating which is very wrong.
who would even think about that right now, has the person check Bitcoin recently to see the price?, perhaps you should have explained to him that he might be waiting for even $20 years time and the price will not even near that $35k, sometimes is very easy to tell if someone is just bluffing about Bitcoin
Yes, there are people like that who dream and wait for Bitcoin bear season to invest into it, funnily they may end up very disappointed when Bitcoin price fails to fall to their expected price. They may well be referred to as gambling with Bitcoin rather than investing into it. I doubt that people interested in price more than their accumulation target are even able to hold Bitcoin for a long time.
It's funny that these sets of people may well end up not investing into Bitcoin since they wait only for the dip to buy unless the person already has good quantity of Bitcoin and is now being selective on how to further increase his portfolio. Interestingly, if it's a newbie, he has started off his accumulation journey on the wrong foot and may miss out on good opportunities to accumulate with DCA and smoothen the effect of volatility on his investment.
Worse of it all, the funds he is reserving solely for the dip may be overtaken by some other necessities or frivolities and he don't even buy enough even when the dip comes if he ends up buying at all.
Another thing the investor would miss out on if he gets funds weekly or monthly as the case may be is the less stress that comes with spreading your investments over a longer period of time compared to the pressure of having to do it at once. Also I doubt the newbie would be disciplined enough to employ strategic backup funds like emergency fund and the variances of backup funds, these disciplines are perfected with continuous practices over a considerable period of time.