There is nothing more foolish than delaying your Bitcoin investment.
Suppose you were thinking of buying Bitcoin, but you waited a little longer and the price went up. Now, you may be forced to buy at a slightly higher price than before, or it may be that the money you had at that time was spent elsewhere and you no longer have the opportunity to buy Bitcoin. We call this situation delay.
We can consider the loss caused by this delay as an expense. Simply put, if you fail to buy Bitcoin at the right time, you will not be able to recover the loss you have made. For example, you had enough money in hand, but if you delay, you will miss the opportunity.
Now, if you are thinking of buying at the dip, it is a little different. Suppose the market is in a recession and you buy Bitcoin at that moment, then you buy it at the right price, and you know that this is a good time, because the price may go up again. Here you are making good use of the opportunity of time.
However, in case of delay, the opportunity you had is gone and you may now have to buy at a loss or at a higher price, which you could have avoided earlier. Got it?
Simply put, if you do not act on time, the opportunity you had will be gone and you will have to pay for it. And in case of buying a dip, you are waiting, but delay is not the same thing. So we should start investing now without delay.
Buddy what do you mean by saying there's nothing foolish than one delaying his or her Bitcoin ( your exact words on quote) and at the same time saying that unless one wants to buy at the dip, don't you think both investors waiting to buy during the dip and intending investors delaying their Bitcoin investment plan are actually doing the same thing, you condemned thiose delaying their Bitcoin investment but never did the same to do those waiting to buy during the dip which is one of the most dangerous delay techniques that may deprive individual investors the opportunity to be part of Bitcoin investment, be it as it may, I want you to understand that both terms are delay in bitcoin investment settings as such none of them are suppose to be encouraged as far as Bitcoin investment is concerned.
Mate you should understand that money can only be our friend when we actually know what to do with it, Bitcoin investment requires money and that's why it's advisable for every investor to invest once they are financially and mentally ready, it isn't nice to see the dip as the best time to invest in Bitcoin reason being that Bitcoin is a long-term investment that doesn't have a particular time or period thats a must for investors to invest in it and beside even though there will be dip, no one knows how long it wiil last, so why waiting when you know that your target is for a long-term, for me I think being aware of the aforementioned Bitcoin concept should be the reason why individuals shouldn't wait to buy at the dip instead they should continue buying all time and may be increase their DCA amount when their peceived good opportunity calls.
Am not a party to delay neither am I in support of anyone that's considering buying during the dip as an option, my set goal is simple which is buying at all time with DCA method which allows me to buy with the amount I can afford to invest with consistently, steadily and hodl for a long-term which I can also increase once my income upgrades.