What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.
There is no best time to buy bitcoin and timing the market to buy at the dip is not a good strategy for a
lonlong term investor to use in accumulating
bitcoin overtime. Bitcoin is volatile in nature making the price unpredictable and that's why nobody can time the market and know the excat time to buy bitcoin at the dip.
It's better that a new investor should buy bitcoin right away provided that he has his
discretionary income and not upgrade from the no coiner zone to a lower coiner. It is better that he should keep his bitcoin
investment ongoing, regularly, consistent and persistent through weekly DCA buying for 4-10 years and above with part of with his discretionary income that wouldn't put pressure on him. You will see that gradually your bitcoin portfolio is increasing overtime
and in ten years time, you will be surprised at the size of your bitcoin portfolio.
If you are waiting for the dip before you buy bitcoin, you will be waiting in the ball park lost with no direction and missing many opportunities in the market that you are supposed to have used to build up your bitcoin portfolio to a certain level. The dip comes like a thief in the night and by then you might have used the money planned for bitcoin to do something else because you have been waiting and the dip isn't coming. DCA strategy gives you a better opportunity to buy at the bottom line of the dip that those waiting for the dip might miss.
It's better that you focus your bitcoin investment mindset towards the quantity of bitcoin that you want to accumulate at any given price rather than to focus more on buying bitcoin at a cheaper price because in the long run, you will end up with few quantity of bitcoin that you bought cheaper and it's the size of your bitcoin portfolio that will determine your profits in future.