Timing bitcoin market are mostly done by traders, they spend more time studying when to buy and sell looking for quick profit by selling their bitcoin in loss. Investors who watch bitcoin market waiting for the dip sounds like a waste of time because they’re missing out by holding fiat whereby value depreciate, it’s better they buy the dip now else they might never see the previous dip although even if previous dip price range will come they’ve already wasted their time.
Waiting for a certain period of time to buy Bitcoin can harm an investor in many ways. Waiting for a certain period of time means that you are delaying the investment and leaving your fiat for a long time unnecessarily. During this time,
the value of your money may decrease due to inflation and you may lose. Even Bitcoin is very volatile, so you may not find the opportunity to buy at the price you are getting today in the future. Think of the present time as an opportunity to buy more Bitcoin at a low price. By waiting, you may lose the opportunity to buy at a low price and may harm yourself. Even as a result of delay, you are losing buying opportunities and pushing yourself back from achieving your goals. Due to which, achieving your goals will be delayed and you will have to spend more time. Another thing is the possibility of withdrawing yourself from the investment due to disappointment. Not getting the desired price, you may take steps to withdraw yourself from the investment and lose the opportunity to turn yourself into a Bitcoin investor. This will definitely make you regret it.
This is very true, especially if the investor finds himself in a country that their local currency depreciates against the dollar continuously, then the investor does not only loose in terms of wasted opportunity, but also looses on the side of inflation too, so it is best to hedge your funds against inflation and currency depreciation by investing it straight up into bitcoin instead of keeping it idle in the bank for the banking system to keep using it for their profits and in turn it keeps depreciating and becoming less valuable for the investor while you have a chance to put it to work for yourself by investing it into bitcoin which you would enjoy 100% of the profits(aside taxation) in the future.