The truth about waiting for a drop is that someone who is waiting for a price drop in Bitcoin will never be satisfied. Even if the person is lucky and the drop happens, they may still want another drop which may not happen and it becomes a missed opportunity. So, anyone who is still waiting for Bitcoin to dip before starting to invest is just fooling themselves and may regret it in the future because bitcoin is unpredictable and that reason why at any price bitcoin is it is a great opportunity to buy.
Yes, those who are waiting for the bitcoin price and then they can buy, would never buy because on every drop they become more fearful and think that it may drop more. If anyone hasn't had any positions in Bitcoin, I think they should buy with 25% of the portfolio now and then buy more on every dip. This is because in case the price pumps from here and doesn't give a pullback, the person won't be left waiting. Also, I would not feel nervous buying near 110K because I know that this is not the ultimate top for this cycle and for years to come, it is like buying under 50K
It's better to do it when you are ready, have money and income, make purchases at any Bitcoin price when you want to do it and most importantly you do it for the long term and use the DCA strategy by making purchases periodically when you receive income and continue to do so regardless of whether the Bitcoin price goes up or down because it will increase your holdings which will generate huge profits in the long term.
As a beginner I advise them to know and learn the journey of Bitcoin, because this will be an example that the DCA strategy in the long term will never disappoint and you will also have many opportunities to know and also learn more about Bitcoin which will motivate you with the right steps.