It's not a bad idea to wait for the price ofBTCto drop before buying , but right now it's prudent to adopt the DCA model or method,........
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In my opinion it is not a good idea to wait for the price to come down. Now the price of Bitcoin will never come down as you expected, so you can never invest in Bitcoin. As you mentioned the DCA strategy, there's no need to wait for prices to fall if you invest in the DCA strategy. Because if you invest in DCA method then you will be able to buy bitcoins at low and high average price. Now many people think that the price of Bitcoin has reached the highest price ever, so we have to wait for the fall, change such thinking. Because the price of Bitcoin will increase over time and create ATH. So plan long term instead of waiting for the price to come down. If you accumulate bitcoins in the DCA system for a long time, you will definitely benefit in the future.
DCA approach has so many benefits ranging from it's flexibility and adaptability to ease of investment. Anyone who is consistent with his DCA approach would; 1) Not care about the price of bitcoin, 2) Cares only about the amount of fiat he budgets for the new buys, 3) seeks other means to improve his discretionary income which also improves his investments funds, 4) Ensures he has his emergency funds built alongside his bitcoin investment, and 5) thinks long-term.
Bitcoin current price is a near Dip and soon it would cover the space of lowest possible bitcoin fall during severe market corrections. Less than 2 months ago we encountered bitcoin at little above $70k after hitting the $109k ATH. This bottom Dip raising concerns was an ATH during September last year or thereabouts. So focusing on continuous accumulation of bitcoin at all time is the best any body can do. As long as you buy to hold for long-term, you will always see reasons to buy when you watch the past behaviour of bitcoin recently.
Exactly,and that is the point most people miss. The same prices they fear today were once considered unreachable highs. What separates those who benefit from Bitcoin cycles and those who don’t is not timing, it is conviction and consistency...... DCA forces discipline, not just in buying, but in thinking longterm. It rewires how you see market dips not as threats, but as opportunities.
Watching Bitcoins behavior across multiple cycles makes it clear: volatility is the tax you pay for being early. And for those with the patience to keep stacking, that taxhas historically paid off massively.....