As it is said - the best time to buy BTC is the current day we are in
And if we have money that we wish to invest and we're ready for it.
There are no perfect entries, because each one would become perfect if we hodl long enough.
Someone who's trying to find the perfect entry will never find it. All they'll find is perfect disappointment that they have never bought today.
Waiting for the perfect entry before investing in bitcoin and build a portfolio is a bad strategy. Because the perfect timing might never come and while you continue waiting for the perfect timing, you are wasting time to build a portfolio and accumulate. If we have money to invest in bitcoin there is no time to wait is just to invest in bitcoin and continue accumulating consistently with a perfect strategy.
Why timing the market when you cannot predict it,for me it's a bad approach for an investor. Timing the market isn't a good strategy for a long term investor because while waiting, he will start slowing down his accumulation pace and since the price of bitcoin varies overtime and the price eventually start pumping,the changes in price may even force him to buy Bitcoin at a higher rate especially when he had the opportunity of buying it at a lower rate because he was waiting for the perfect timing. Since the market is very unpredictable,a smart thinking investor wouldn't waste his time timing the market, rather than doing that, he would be more focused on the key thing which is To Buy consistently & Hodl. An investor should be more interested in his accumulating of Bitcoin strategically and consistently using his discretional income and shouldn't stress himself mentally and emotionally with the fluctuated movements of the markets.
The actual fact is that those people timing the market before buying Bitcoin are mostly traders that have the intention of selling for minimal gains, because no long term investor will think and act in such a manner, because he knows that the price of Bitcoin now is way too cheap comparing to how much it might get up to in the future.
Secondly, by timing the market before making a purchase of Bitcoin, you might a whole lot of buying opportunities that may present itself because you may thought that the price may go deeper.
I don't think they is any strategy that's perfect as they're no perfect strategy use in accumulating Bitcoin. Every strategy has his own flaws regardless on how it works.
Am just curious to know bro, what are the flaws of the DCA accumulating strategy?
Because in my own opinion it's the best and the most convenient way of accumulating Bitcoin because you will have the opportunity to buy at every price interval, on your own pace and even the lowest part of the dip that someone timing the market might miss due to the fact that he was hesitant if the price will go deeper or not, so I don't think that the DCA accumulating strategy has any serious flaws if it ever have one in the first place.