Yes I agree with you, waiting for the price of Bitcoin to dip is a waste of time because we don't know when it will dip and how low the dip will go. In as much as buying during the Dip will be beneficial and great it is advise not to wait for it but rather use your discretionary to accumulate and at same time prepare for the Dip. Whether you are familiar with Bitcoin or not, as an investor you should take advantage of the market when there is dip that is if you have been preparing or if you have prepared for it and as an investor also don't forget to stay away from the dip when you didn't prepare for it because you might mess up your holding.
Buying during a dip is a great opportunity for an investor. You don't need to wait to take advantage of this opportunity. Because waiting for the thunder of a dip is nothing but a waste of time and you are doing nothing but delaying your investment. Focus more on consistent investment and be prepared for a dip market. Or enjoy every moment of the market and keep buying as much as possible. The best move would be to continue buying regardless of the price of Bitcoin.
Investing in Bitcoin is a psychological game. If you can control your mind, have the ability to control emotions, and along with that, you can think logically in decision making only then it is possible to get something good. If you invest or sell Bitcoin just following the market trend and timing it will never bring good profit . If someone starts investing with discretionary income and follows the DCA method, they may feel that they should invest a little more when valuations are low. , then he can put little money as a fund from the discretionary, and later, when he feels the price has dropped relatively, he will buy Bitcoin from that extra funding. This also ensured the continuity of buying Bitcoin on a regular basis according to the DCA method, and also achieved the goal of buying at the depth he had intended. But of course, I always give more importance to investing in Bitcoin on a regular basis. If you follow the DCA method, no one will worry about whether the price of Bitcoin has decreased or increased, he just invests regularly to reach his desired goal.
I think Bitcoin is a digital asset. People create any kind of wealth for future security. For example, someone deposits money in a bank, someone builds a house, someone sets up a business and money will come from there regularly as profit. And they will live off that profit when they lose their job or the regular income they are currently receiving stops. especially when they get older, they will be able to cover all their expenses with the profits they expect from their investments. Now the thing is, wherever you invest, there is risk. But the profit is much less compared to the risk in any other business. But if you invest only in Bitcoin for a long time, its profit will be many times higher. Which we can understand by looking at the status of Bitcoin over the last 10 years. If someone can own 10 Bitcoins by investing regularly over the next 10 years, they can live off of a minimum annual withdrawal of $50,000 without having to do any other work. This will be the best way of future security .