i bought the dip
who else?
I guess a lot of folks in here are accumulating bitcoin with the DCA strategy, and I believe they just want to be accumulating bitcoin with the DCA strategy for the main time so that they will not be carried away by the dip into investing in bitcoin in a way that they will find it difficult to sustain their bitcoin for the long term. I believe before what you called the dip will be over, the DCA strategy will still allow a lot of folks to take advantage of the market and accumulate bitcoin. There's nothing wrong with you buying the dip since you were able to figure out it will not stop you from solving your daily expenses. Buying the dip is really good because you will accumulate a reasonable amount of bitcoin with less money.
No matter what the market conditions are, the DCA (Dollar-Cost Averaging) strategy provides you with an opportunity to buy at every moment in the market. A DCA investor enters the market during the upward movement of the market as well as benefits from the downward movement. Buying during a price drop is not a crime, nor is it wrong to take advantage of the dip. However, if you keep waiting for the market to dip, you are definitely making a mistake because you never know when the market will dip or if it will even dip at all. You also have no idea if the price will ever drop to the level you are expecting. You can only hope for the expected price, nothing more. If you keep waiting for the expected price drop, maybe Bitcoin will rise significantly, and then what will you do? Will you keep waiting for the dip? Or will you pull yourself out of the investment? Or will you regret not buying at a lower price when Bitcoin’s price keeps rising?
I never prefer to wait for such situations, especially for a newcomer. A new investor should never wait for specific market timing. For an experienced investor, someone who already owns a lot of Bitcoin or has already reached their goal, I support the dip strategy if they choose to buy during the dip. However, for an investor who has not yet reached their goal or hasn’t accumulated enough Bitcoin, looking for an alternative strategy like the dip method is not the right thing to do. Because by falling into the trap of delay, you might distance yourself from the investment or miss out on the chance of reaching your goal before it's too late.
I believe a DCA investor can use the market dip effectively. If they continue to invest consistently, missing the dip becomes impossible. Even if they make the right plan and take the correct steps to become more aggressive in their investments, they can take full advantage of that time. They can benefit more than a dip-focused investor and buy more Bitcoin at a lower price, making themselves more profitable. It would be wrong to say that the dip is the ideal time to buy, but you can definitely use that time to maximize your gains. However, waiting for such moments is a mistake if you have not yet reached your goal.