So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy
For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price. The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.
Being a dedicated investor who is just entering the bitcoin market newly, the increase of the bitcoin price should be one attractive reason why we must follow the bitcoin investment trends. Perhaps when you see others accumulating hugel, your small amounts purchased can better you than those who are missing out the opportunity. Besides, there is no competition in the investment process and that is why we should always invest what we can afford to tolerate (overlook) in a long term while stay firmly buying as much amount we can afford.
and it really put me on the edge to meet up with my target since am way behind plus the fact that I just got into the investment market not long ago, so my question is, should an investor wait for the Dip knowing fully well it's around the corner or just go straight with your DCA or better still again buy big with cash invested on something you know isn't working out cause it's really looking as if my portfolio isn't growing that much.
You don't know if a dip is right around the corner, and you don't know if a dip is around the corner, even if the bitcoin price doubles or triples from here in the coming months.
To me, it seems that you are better off to just keep buying on a regular basis, and sure if you get some extra funds, you can divide them between 1) buying right away, 2) DCA and 3) buying on dip.. . .and yeah, ultimately it is up to you how much money you want to hold back for buying on dips. I personally think that newbies who are in their first cycle or cycle and a half should remained focused on just buying regularly and don't get too distracted by prices.... Sure maybe after you have been buying for 4-6 years or longer, then your BTC stack size will help to inform you if you might need to change your BTC accumulation strategy in any way, yet no matter what it is difficult to rush wealth building and if you are able to invest 15% to 25% of your income into bitcoin without having to financially (or psychologically) stress yourself, then you would be able to make more progress.. but yeah, I understand that some people might not have a lot of discretionary income, so you have to make sure that you are not using money that you need and that you build up your backup funds including emergency funds so that you have those available and you do not have to cash out any of your BTC at a time that is not completely of your own choosing, which probably would be more than 10 years the way you are speaking before you would potentially get out of the buying stages of your BTC investment timeline.
I think the most primary obligation is "buying" and "hodling" which means every bitcoin price is good to buy because we don't know the future outcome of the market. But we can always set up investment plans depending on our incomes so that we don't get alarmed along the journey.
Perhaps regular buying may drive it accumulation values but for some investors with who may not be buoyant to their expectations, it would be good considering to buy at the Dip on discretionary income and if you think your investment funds is not enough to reach your goal, you can consider cutting up some unnecessary expenses just to increase your budgets.
The key word of advice to reach a visible and exciting peak in this bitcoin investment in the case of Op's devastation is to be proactively focused on the consequences of the future.
Then, the agility to draft a long term investment scheme will be rooted where we can hold in the period of several cycles while expected to have accumulated a huge value of bitcoin which may have you in a better position where you will look back and see some other investors nursing from a scratch just to catch up to the top which would be seen as a stage passed.
There is a trade off in this assertion of yours, for an investor not being buoyant enough to sustain their investment expectations should not be an eyardstic for such an investor to consider buying the dip rather than buying right away with the dca at any given time the investment money is made available, regular buying with the dca strategy can be good that is when you have the leverages to do that but you don't have you can pause your investment and continue when you have rather than considering buying the dip that may or may not happen which is not good especially for a low coiner.