Investors are more likely to manage their money and time wisely when investing in something as valuable as Bitcoin. Therefore, investors are more likely to be bold in buying Bitcoin without timing their purchase, as buying for long-term holding should be easier than buying for short-term gains. But for those with a lot of money and the opportunity to buy at a low price, I think it's a great idea to immediately use all of that money to buy Bitcoin, as such opportunities may not be available to everyone. Although everyone saw the opportunity unfolding before their eyes, each person's courage in buying Bitcoin all at once was always different.
If you have a lot, it is quite effective to buy a lot of Bitcoin when a decline is occurring to accumulate assets for the future, but we never know at what point the lowest price of Bitcoin will be in the near future, so I think still using the DCA method is the wisest decision regardless of the price of Bitcoin, but when it is time to enter, he must buy at any price, if it continues to be done consistently, in the future there will be quite a lot of profit to be gained, especially if you buy on a large scale.
I guess that by now almost every keen investor is understanding that there's no much potential in wasting your time waiting for dips to invest in bitcoin. This is very important because of the volatility of bitcoin which is very non directional and could go anyway at any time. Waiting for dips will only delay your success in bitcoin investment and could also lead you into missing various crucial opportunities in bitcoin.
Let's be more practical, those that waited for dips after bitcoin crossed the $100k are still waiting and more recently, those that haven't invested during the $112k ATH must have become weary waiting for the next dip and so are those that sold off their accumulated bitcoin at $112k. All are not theoretical and this is what we see on a daily. Analysing your financial capacity and mapping out your discretionary income which would therefore determine your DCA allocation would be more profitable than spending time waiting for dips. You DCA approach is enough tool to participate in every random opportunity that comes with bitcoin. One secret that dip waiters don't know is that DCA does not mean you're restricted to buying higher costs always, it only allows you not to wait and also relaxes your investments in a bearable manner that it becomes financially friendly and stress-free. It could fall on dips and likewise ATHs it is not limited and does not also oppose front-loading or aggressiveness. The first aim of DCA is to keep you on the game and also ensuring that you don't invest beyond your financial capacity while also making provision for emergency funds and back up funds at the end.
Buying at a low price is a very good choice and a good move. But it is not at all advisable to set a time limit for it. If you ever get an opportunity to buy at a low price or buy DIP while maintaining the continuity of your investment, then it is definitely a good move to take that opportunity. But when you stop the continuity of your investment and wait for the market or DIP, it will be a completely inappropriate thing. In this, you will only delay your investment and remove yourself from the investment journey. You will even continue to suffer financially. So give more importance to maintaining continuity in your investment and take the opportunity to buy DIP if you get it. Never wait for a specific time.
Literally I think it would be unreasonable to set a time limit for buying at a lower price if you are in the early stages of saving because it may not be easy to become the owner of coins in the initial stages of savings because confusing moments can overwhelm you at every moment. It is true that it is an inappropriate thing to do when someone despite understanding the market sentiment waits for a dip instead of maintaining consistency. Therefore it can be said that instead of waiting for a specific time to create opportunities for financial empowerment, it would be possible to become a responsible investor by understanding market trends. Maybe it is known to all that investment must be lively, but the initial stage will be slow but to my knowledge after starting at a small level the real potential of this asset will always continue.
There's nothing bad about setting limits or targets but being fanatic about not missing the target or limit at all cost may also cost you the already accumulated bitcoin stash. Humans set goals for a reason but what matters is making provision for reality and understanding that life is not always linear.
Often times, such limits don't also workout but that does not imply in anyway and/or absolutely, on investors inconsistency. Bitcoin volatility can also play a large role in prolonging the set limit or target. Let's say that an investor has a 10 year goal to own 1bitcoin and since he understands volatility, assumes bitcoin at $130k; if he analyses his income and takes a DCA weekly allocation to bitcoin to be at $250. If he maintains such, assuming there's no upward review of such allocated amount, in ten years time he would own 1 bitcoin only if bitcoin price never goes beyond $130-133k due to volatility. But 10 years is a whole lot of period to presume that there would only be less than 15% increase in bitcoin price. This however makes it probably impossible to achieve such target in his set limit of 10years no matter his dedication to his DCA approach.
Judging from the previous 10 years behaviour of bitcoin, in 2015 the closing November price was $377 which implies over 30,000% increase in price 10 years later. Even though it's evident that bitcoin may not have such a leap in the next 10 years, it clearly shows that you may not successfully set limit as to when to reach your accumulation target since investment is done by Fiat currencies which are not as volatile as bitcoin and remains nearly stable over a long time period (Viz: salary earners).
Anyone can achieve any target even without knowing over the period of time if he is consistent in his DCA approach and avoid distractions or investing beyond his capacity at anytime.