All we have been toilling for might be as a result of our negligence to doing the right thing, because we can't blame anyone for not being informed of the necessary steps needed in crypto investment and decisions, which is an ultimate requirement for what we acheive in crypto because we are aware of the conditions attached.
We should not be swayed by the fantasy of investing and forgetting to do other necessary things in cryptocurrency, which is why we must know what we are in for and what's ahead of us, so that we don't misappropriate funds on what we may not have plan for, which is part of the common mistake some made, all because they wanted to invest, forgetting other conditions.
I saw JayJuanGee say in some posts that using the word crypto can be confusing, because the word crypto does not only refer to Bitcoin. Crypto refers to all currencies, such as shitcoins and memecoins, etc. Everyone in this thread is talking about Bitcoin, so Bitcoin should be mentioned. So we should avoid using the word crypto in this thread, because it is difficult to understand.
Anyone trying to predict the Bitcoin price and keep waiting for the price to drop to it level of prediction is like a gambler and truth about gamblers is that they always fail and they are always dependent on luck, so there is no assurance that what they predict about Bitcoin will happen. If that is the case, why are they wasting time trying to time the Bitcoin price before they enter to buy? It is very clear that this is a wrong idea. So, it’s better to stop deceiving themselves by waiting for a dip when there is DCA, a strategy for accumulating Bitcoin. With this strategy, someone has the opportunity to buy Bitcoin at different prices, whether they buy weekly or monthly...... Those who are always chasing the dip often end up with regret because, while they are waiting for a dip, it’s possible that the Bitcoin price will continue rising.
Those who wait to buy dip will never find the right time which will make them fail to invest. Now the best strategy to invest is DCA strategy, if someone invests in DCA strategy then he doesn't need to wait, because if someone buys in Bitcoin in DCA strategy then he will be able to buy bitcoins at more or less average price. If we have such an opportunity then waiting for the price to come down is just a waste of time. Now traders are waiting for the price to come down, if someone waits for the price to come down then his mentality is like that of a trader. So if you have a long term plan, you can invest anytime.