Bitcoin market is not stable, today it raises, tomorrow it falls. The most important thing is someone investing in Bitcoin to monitor the market, some people have the patient of waiting while some others due to fear when they see that the price is fluctuating might rush and sell, I will suggest we buy the idea of buying and waiting while we monitor the market. If possible monitor it when the price is low then you buy and hold.
If you are waiting for the price of bitcoin to be stable before you can buy or sell, it will take you a long time to see such opportunity in the market. You can buy now that the price has decreased to $118k and hold for long term because nobody know when the low price will hit the market again to be stable for people to buy from the low price, investors that understand the movement of bitcoin will not be afraid of the decrease or increase of bitcoin when holding it, there is no how you will hold bitcoin for more than five years without a good income from your holding, but when you allow fear to enter you, you will sell to regret because you allow fear to puh you to sell when it's not time to sell to achieve your heart desire from your holding.
As a bitcoin investor you need personal determination and conviction to be able to buy bitcoin freely and not sells at panic. First of all, bitcoin is not a stable coin and it's a peculiar part of the bitcoin investment which allows people to either remain in bitcoin investment or fuck off over fear. Most people that wait for dips to buy don't end up buying bitcoin due to some reasons which could be not seeing their desirable dip happen or no longer having the fund when their desirable dip finally happens or it even better probably, that their desirable dip happened swiftly without their knowledge even though they might have lived all day on the charts just a moment off and they missed out. Some of these guys claim they are not bitcoin Traders but their attitude speaks otherwise.
$118k for one bitcoin is still a very good price for a real investor to buy bitcoin. Having a set DCA approach would save you from the chart-trap that holds you back and expose you to miss opportunities. Moreover, 5 years is not enough time to hold bitcoin as an investor except for circumstances of emergency which is beyond your power after exhausting every other options.
Getting Bitcoin can be difficult because the way the price is increasing day by day, if the price increases like this, buying Bitcoin after 10 or 20 years will not be easy for small investors like us, but getting gold is easy.
You don't need to buy 1 Bitcoin or it's not necessary that you have to buy a full Bitcoin to be able to invest. Bitcoin is designed in a way that you can buy as much as you can afford in fractions. Although Bitcoin price will increase but you will only buy the fraction that is equivalent to your money. This means that if you can be able to buy $100 Bitcoin Which is 0.000848
BTC at current rate of $117k, it means that $100 Bitcoin price at $232k will be 0.000424
BTC. Meaning that you can only purchase half fraction of what you used to buy. Thats why we always advice to buy Bitcoin now it's early before it becomes more expensive.
There's no way many people in this forum can afford one bitcoin at once but almost everyone can afford $2 to invest in bitcoin. Bitcoin is structured in such a way that it accomodates both the low income Earners and the high income Earners. This is why we set accumulation target and aim to arrive at over accumulation which could be way above one bitcoin. I initially used to see it as that way where you have to gather up money to buy a complete bitcoin but being in this forum means you have the privilege to learn some of these things which will help your bitcoin career. Setting your DCA approach right could earn your one bitcoin in a year or more depending on your basic income and responsibilities.