which is advisable for those people in such category who are not financial buoyant to exercise patience for the price to be low before they can buy and hodl.
Although I agree with all your sentences, I do not agree with this sentence. If you are not financially stable, you can work on your source of income or work to improve your financial management. But as you said, if you are not financially stable, you should wait for the price to decrease. I am looking at this issue completely negatively and I think you are not very familiar with investment strategies.
If you are mentally ready to invest and if your source of income is suitable for investment, then you can feel free to start investing in the DCA (Dollar Cost Averaging) strategy. In this strategy, you can buy regularly with your investment funds, regardless of the condition of the Bitcoin market. In this case, when the price of Bitcoin is high, you can buy less Bitcoin and when the price of Bitcoin is low, you will get more Bitcoin at the same price. That is, suppose your budget for investment is $100 per month. When Bitcoin is $100k, you will get more Bitcoin when Bitcoin is $80k than when Bitcoin is $100k.
So I would say, even if you are not wealthy, if you are eligible to invest, then focus on buying very soon instead of focusing on the market. Because the market will only keep postponing your purchase date and you will be deprived of buying due to delay.
Waiting for a dip rather than building up your finance to invest is the same thing as procrastination, this statement basically means to not even try to improve your financial standing, its like saying don't increase your finance, just wait for a dip, this is something I will call a financial mistake and should not be attempted by any potential investors else you will end up waiting for too long without a dip and without any attempt to build your finance.
No body in a financial crisis should be waiting for a dip, you might not even have the funds to buy that dip if you can't even buy through DCAing, I mean if you cannot afford $10 a week for your investment, how are you supposed to be able to afford $100 to buy a dip by waiting without setting up financial stepping stone to boost your financial life.