Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price, because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.
I believe people who are waiting to buy the dip are short term investors (more like traders) who are only after profit so they believe buying cheap and selling after a little price movement is the best way.
You can wait to buy at the dip if you have reached your bitcoin accumulation target and wants to go into over accumulation stage. Also, when you are in your over accumulation stage, you can buy bitcoin at the dip in order to replace any quantity that you sold for a good reason and buy back when the price dips so that you don't go below your over accumulation stage and start accumulating bitcoin again with DCA regularly.
I don't think that this is a good advice. Does reaching your accumulation target means ending your bitcoin journey? You cannot also attain over accumulation by Trading (buying the dips and selling). When you said that at accumulation target, an investor should start selling off his bitcoin stash while waiting for dips to replace his sold bitcoin while possibly continuing his act of selling his bitcoin stash, I was wondering if the person is planning to retire from bitcoin investment. I think it all depends on your reasons for going into bitcoin investment. But a more important general reason should be treating your bitcoin as a retirement plan.
When you reach your accumulation target early enough, does it make you sell off your bitcoin even when you still have active years?? You only have the right to sell at your chosen price, but you have no right over when dips come and the extent bitcoin dips should be. Instead of limiting yourself to watching the charts, is it not more profitable to maintain your DCA than turn a trader.
On the other hand, if you have reached your accumulation target or possibly an over accumulation, it's better to either increase your DCA period or decrease your percentage discretionary income allocated to bitcoin buys. Buy so doing, you would have more resources to live a better life while still accumulating bitcoin and holding continuously.
A new investor who is a no coiner or a low coiner shouldn't wait for the dip because it will make him end up with very little bitcoin in the long run at a cheaper rate which shouldn't be our primary obligation. Your priority is for you to accumulate as many bitcoin as possible for 4-10 years and above for the future. This is why DCA method is very effective and efficient because it gives you the space to buy bitcoin regularly, weekly, consistently and persistently overtime irrespective of the price of bitcoin. Anyone that keeps his bitcoin journey ongoing will definitely buy bitcoin when the price dips, so why waiting for the dip.
A good advice to newbies. The way you start your bitcoin accumulation journey determines your bitcoin success. I have also noted that it is not very right to venture into bitcoin journey through a trader because in bitcoin investment, we are often times, the product of whoever introduced you; either investor or trader.
A newbie with a stable source of income is good to go and has all it takes to achieve his given bitcoin target. All he may need additionally would just be to get a financial discipline and consistently accumulate his back up funds and emergency funds alongside his bitcoin investment. DCA approach is still highly rated for newbies to achieve their bitcoin accumulation goal.