Buying during a dip is often debated, but I think it's okay to buy when the price drops because it can make us buy more Bitcoin. But the problem that makes many people mistaken about buying when the price drops is that they deliberately wait for bitcoin to drop. If the context is like that, I personally don't agree with it. Because deliberately waiting for the price of bitcoin to drop in my opinion is the same as missing a golden opportunity to make our bitcoin portfolio grow even faster. Because waiting for the price of bitcoin to drop, in my opinion, has a long enough time, especially if you wait until the price of bitcoin touches a price below 40-50K. So my solution is, it's better for us to keep investing in bitcoin with a DCA strategy, and when there is a price drop at that time we can buy bitcoin more aggressively. So by doing this we won't miss anything and can still buy aggressively when the price of bitcoin drops. Because if you deliberately wait for the price of bitcoin to drop first to make a purchase, you can wait for months and even years and it's possible that there will never be a deep price drop as expected.
I think this buying the dip of thing has been widely discussed because some persons see it as the only time to buy Bitcoin because of their mindset of buying when the price of Bitcoin is low and making profit once the price upsurge but forgetting that Bitcoin investment was not meant to be so, in as much as no one has the right to question individual investor decision on when to invest, I persyonal frown at anything relating to buying only during the dips, Bitcoin investment is an investment of the future, if one decide to buy during the dip, what if the dip doesn't come as fast as he or she want it, don't we think that an investor who keeps waiting may decide to make use of the funds set aside for the said investment having in mind that he or she may replace it but end up not doing so.
Many investors fail to understand that at any giving time you buy Bitcoin it is opportunity for you, as it stands any investor waiting for Bitcoin price to drop to the price you mentioned for him or her to buy is not a good strategist because we may not go back to those old days, recently bitcoin faced a resistance at $70k, I don't think it will be doing anything less than that for now, I just understand that people are not just satisfied at all, even though the price of Bitcoin fall morethan we see now, many people will keep wanting it to reach $500 before they can buy and even though it does they'll still have another excuse to present that made them not to buy at that price, just few weeks back, we encounter temporal Bitcoin price dip that went down to $70k-$73 but later rise to $84k and keep fluantiating withing $83k to $87k for few weeks as a result of this, bitcoiners with little faith continue complaining but as of today where are we, if am not mistaken $90k plus right, so how can those that keep waiting buy, that's to say they won't buy since their mindset is centered on chasing shadows, if you're a furistic Bitcoiner, my advise to you is, keep acumulating Bitcoin all the time, daily, weekly and monthly consistently without season and don't forget to hodl for a long-term but make sure you do it within your pucket capacity.