Well price of Bitcoin is down more then 4 percent in this last week. And 1 Bitcoin now is 103,700. It is alot lower then the all time high we did just see price point of 112k.
It is a good time to buy some cheaper sats if we have some fiat. We do know price of Bitcoin will go back up to all time high of more then 112k. So I think it is good to make some easy profit when it does happen like that.
Your statement seems quite confusing, Buying the dip always presents an opportunity to accumulate more bitcoin in our portfolio but it necessarily doesn’t mean that we have to acquire when there is a dip, consistent acquisition of Bitcoin is more likely to be prioritized, for sure when there is a dip the price will definitely increase at any given time but it’s not always guaranteed, but if we are investing to make a profit like you mentioned then I must say your illustration sounds like a trader, long term investment strategy is always emphasized here and that is the most valuable and effective Bitcoin investment strategy to help and shield from some risk.
Once you're talking about a one week change in bitcoin price as a big deal, it shows the person hasn't been an intentional investor for a long term but just looking at short term market reaction to take advantage of. Just less than two weeks back, we came from way below $100k to a new ATH that's above $11K, within a few days time, we experienced some dip and it's supposed to be a big deal?
For someone that has been investing either on a weekly or monthly bases with a fixed amount, there's actually nothing much of a DIP in all the market condition we've seen recently because depending on your DCA amount, you're not going to be all too placed at a huge profit wether you bought now or you even bought at the time bitcoin went above $100k.
Your profitability won't count at the present because you generally can't buy too much at the now, it's still going to be in the future which is the reason why it's best to keep accumulating through the DCA method till you've built a string chunk of BTC in your portfolio which will place you at a good profit margin when you must have reached your investment goal.