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.
Yes, investing in Bitcoin can be difficult for those who spend time waiting for the dip. No one knows when the dip will come. The person who decided to buy Bitcoin at $70,000 but he is waiting for the dip. I do not know if he will find that dip at all. If that dip ever comes, then there is doubt whether that person will be eligible to buy Bitcoin. Because Bitcoin has been in a bullish trend for a long time, if the dip comes after a long time, then the money allocated for investment at that time is likely to be spent on something else. Therefore, it is better to accumulate Bitcoin at the current price by considering the dip.
Bitcoin price is currently expected to be 1 million, if this price crosses $150000 or $200000, then we may have to give up hope of finding a dip. If we look at the previous charts of the last few years, our expectations about the dip will change. That's why no one shouldn't miss their chance by expecting a dip.
It isn't a good idea to be waiting for a desire dips and this is among the mistakes most newbies do make. No one can speculate or predict with certainty the market direction since bitcoin doesn't move whatever direction we feel, so waiting for a dip which we aren't certain that it may occur is very wrong. There are people who has been expecting bitcoin to dip within the range of $30 to $40 unfortunately it didn't go there way but rather they are seeing the price surging higher.