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, And buying a dip and when there is an increase then you grab your opportunity with your bulk profit is more of a trading strategy, long term investment and holding is more prioritized for someone who wants to have a successful investment in Bitcoin.
Yes you are right, trying to buy when the price of Bitcoin drops and waiting for the highest ATH is a trader's plan. A long term holder never plans like that, long term investors always try to buy Bitcoin in DCA method. If someone invests in DCA method on a weekly basis then he does not have to wait for the price to drop, because he will be able to buy Bitcoin at more or less average price. So if you have a long term plan then there is no need to focus on the market, always keep buying Bitcoin in DCA method.