I think those who want to invest in Bitcoin should not delay they should invest as early as possible rather than waiting for a dip.
If you are planning for bitcoin to dump before investing, then I will say the person is not really ready to invest in bitcoin, if you are planning to invest in bitcoin, then the best strategy is DCA, you can keep on accumulating bitcoin gradually, you won’t have to wait for bitcoin to dump before you invest in bitcoin. Just have a specific amount of money which you will be using to invest maybe weekly or monthly(base on how you plan yourself).
There are some people that do always say they will invest in bitcoin when bitcoin price drops, but no matter how low bitcoin price goes, they will never invest in bitcoin, what they will keep on saying is that bitcoin will dump more, and let me say bitcoin dumps to 1$, they won’t still invest in bitcoin, they will say they want bitcoin to drop more before investing.
the truth is anyone who
havewith long term focus
doesnshouldn't
have to be waitingwait for the dips before he or she can start accumulating bitcoin and hold. Any
person who's plan is to hold onto his or her bitcoin investment for 5 to 10 years or more, then person doesn't have to
be waitingwait for the dip
, he or she can always use the DCA method to get started first.
Waiting for bitcoin to dip before you can start accumulating bitcoin may delay your investment journey especially when you just getting started with bitcoin or you might even end up not getting started, because bitcoin price most have gone higher which you may start feeling that the bitcoin is too, all in the name of waiting for the dip.