Waiting for a drop to buy Bitcoin prevents investors from making more profits. What we can learn from the past Bitcoin equation is that its price will be higher than expected. High profits and investment go hand in hand, so you should invest in Bitcoin from today, with a time horizon of ten years rather than five years. Sometimes it is better to focus on holding Bitcoin than to make a profit. In the hope of making more profits in the future.
It's best for those who are in there twenties and thirties to invest in Bitcoin for 10 years or even more. Those who are new to Bitcoins have to start from somewhere and they should immediately start investing at whatever current price is. With time they can go bullish in case they find extra cash from any other source.
Well it is true that there tends to be a bit of evidence that a person is prioritizing his bitcoin investment if he regularly invests whenever he gets the money, such as on a weekly basis, and so there could be a bit of lessening of the priority if the guy believes that he is going to hold that extra money on the side and wait for a dip (a dip that may or may not come).
Sure there are ways to split up the amount of money that a person has available and to invest right away with some of the value and to hold the other part of the value for buying on dips that may or may not end up happening... yet , surely a presumption of having a limited budget is that it may well not be very practical for the person to be holding back value, since splitting it up does not really rise to a very high level.. or at least not necessarily a high enough level to justify splitting the amount into two parts. So part of the advantage of mixing strategies is that any person can sometimes find himself in a situation in which he usually does ONLY DCA, but some temporary circumstances might justify that he mixes up the strategies and perhaps throws some funds into the buying on dip category or just lump summing based on the quantity of funds being available help to justify that buying right away and with a lump sum might be a good way of deploying such funds (or a part of such funds)..
The issue with DIP is that we don't know where the bottom is. Take example of Bitcoin these days, Bitcoin price is going down but we are not sure whether current price of 85k is the bottom or price will go further down from here.
If you are following DCA strategy then you find 'buy the dip' on your way. Because if you are accumulating Bitcoin in DCA manner for 5 or more years then during this duration you will find occasions when price of Bitcoin is down. Waiting and keeping cash ready to buy the dip is not a good idea, if you have cash available at the dip then that's another thing. If I have 100$ available today for Bitcoin then it's best to invest all in Bitcoin rather then invest 50$ right now and spare 50$ for the dip. The dip may come after several weeks or months of wait.