It actually depends on the situation. If a person bought Bitcoin with his/her whole savings during the lowest DIPs of the bear cycle, then it would be the correct decision. You may call it "luck", but the right decision.
I would consider it a risky decision rather than a right decision. One of our main problems is that when we take a risk and when it succeeds, we consider it a right decision. But what if it fails? If it fails, let's not forget to make all kinds of negative comments about his decision.
Suppose someone bought Bitcoin with all his savings at the lowest DIP of the bear cycle, but could not do it long term due to financial crisis. Because he bought Bitcoin with all his savings. Then would you call his decision a right decision? Or if he lost his access to it in an accident or somehow lost his Bitcoins, then what would you call his decision? Good or bad?
Actually, I don't see anything wrong with buying at this time, but buying with all his savings at any time of the market is a wrong decision. Because it is a very risky decision. If you succeed, you are profitable, but if you fail, your life may be ruined. Because you will have nothing left.
Would you rather suggest it is as risky as not making an attempt, I think there is risk involved in all scenarios of investing in Bitcoin, that is why it is necessary to know that there is risk and only how to maximize this risks are very simple if you have a plan of long term investment and to hodl, Buying a dip is another way of accumulating more Bitcoin when the price is low, but if that opportunity presents itself and someone who is willing to make a decision and accept the risk that comes with that decision is actually not making a bad decision, life itself is a risk and will all take this risk to try and be successful.
Perhaps there is a tendency that this risk might not be successful, or this risk might be successful but in as much as we are investing in Bitcoin and we’ve a little source of income and have this strategies being analyzed here set aside, and I comes across a precious opportunity of a lowest dip, I would definitely take that opportunity to front load my Bitcoin portfolio and go crazy with my accumulation as long as my savings can carry me, and practically accumulating 5% -10% on a weekly basis and accumulating it little by little that also presents itself as another option, I think sometimes we get scared about this details, I think going crazy with my savings in terms of accumulation is a good decision and a good opportunity.
[/quote
I bet you're missing the very point here,no one is arguing the fact that buying the Dip is actually not a good strategy but using all your savings at once to buy the Dip isn't Idealistic. Using all your savings to stash Bitcoin without first sorting out your basic needs is very wrong because you don't have to starve yourself because you want buy Bitcoin at a low rate during the Dip. Our basic needs should be our first priority as we cannot function effectively without our needs and I believe an investor has to stay healthy while accumulating Bitcoin and shouldn't be put him/herself in an unnecessary pressure by using all of his savings to buy Bitcoin.Buying of bitcoin should come from our discretional income when it is available while also allocating part of it to build our emergency funds simultaneously overtime.