There surely are trade-offs for any newbie who gives any shits about buying the dip rather than just figuring out ways to buy bitcoin persistently, consistently, ongoingly, regularly and perhaps even aggressively for 1-2 cycles or longer or maybe until they reach overaccumulation status.
Buying the dip adds a waiting component for something that might not happen, yet there still can be ways to buy the dip with a bit of reason and as a supplementary strategy rather than as a main strategy.
You are absolutely right. We know it is not always easy to catch the dip perfectly, but planning,
setting orders and being patient will ultimately bring many results. Those who can do this with patience will get something good. However, no one can do perfect timing, so I think buying in small portions and placing orders at low prices are just strategic decisions.
The most important thing here is to have faith in your strategy. Those who move forward slowly with faith can gradually gain experience and profit over time.
No matter how you want to analyze it, waiting for the Dip before buying bitcoin is not a good strategy to accumulate bitcoin. Buying through the dips is a good strategic opportunity to accumulate bitcoin but waiting patiently for bitcoin to Dip before buying is absolutely wrong. Yes it is wrong because it is impossible to know exactly when the next Bitcoin Dip will happen and just like you have already stated that
"no one can do perfect timing" of the market . Secondly while waiting for the Dip before buying bitcoin
, it will
delayaffect your
timeconsistency in accumulating bitcoin and may also cause you to miss good viable opportunities in the market
that you should have utilize in grow your portfolio. So it is better you stop waiting for the Dip and start buying bitcoin when your discretional fund is available .