Somehow this statement resonates to me as though you're promoting buying only the dip? It isn't advisable to buy only because the market experienced a correction, It's important as a no coiner who has discretionary income available to set an accumulation target and continue to buy bitcoin regardless of the market condition. The goal is to have a good stash of bitcoin and reach your target or even surpass it on the long run and not to buy when the prices are low since this is the actions of a trader and not a real investor. When you buy consistently, your periodic buying would still cut across the dip and you end up buying when there is a price correction. If you are very much interested in lump summing on the dip, you can do well to save like 20% of your regular buying amounts consistently and with the discipline of not diverting it in other matters and when your desired dip presents itself you would have saved up a good sum to lump sum and buy the correction as you wanted while you continue buying consistently to reach your Accumulation target.
Buying the dip is not a bad strategy per say but from my experience, it is not optimal to buy only at dips, you will miss a lot of opportunities or likely make mistakes in the process when you stay aside to wait for dips before you buy. Recur that most times we only notice the bottom of the market when it has already happened because there is no perfect way to determine when the dips will happen.
Therefore, buying the dip should not be applied in isolation. You can continue buying with the DCA method and just set small portion of your funds aside to buy should there be a dip. Through this approach, you will get your accumulation objectives fulfilled no matter what happens in the market.
Conscious application when investing in cryptocurrency is very important even though you are trying as much to buy the dip. A lot of cryptocurrency traders are just buying blinding even when they have little fund to invest in cryptocurrency.
Just imagine that you are earning $1,500 a month on average and when you remove your utility bills and miscellaneous bills, you are left with $200. Now if you want to invest in cryptocurrency, you are not expected to use all the whole fund to buy Bitcoin. At least you can divide the $200 into two and invest $100, while $100 is left as an emergency fund so you don't have to go sell your Bitcoin portfolio just because you had emergency bills to settle.
We ought to be very wise when investing so we don't keep making the same mistakes over and over again. There are people that would invest all their saving in cryptocurrency due to lack of knowledge about the crypto market and when problem comes, they would have no option than to go and withdraw fund from their investments which is very wrong.