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 will affect your consistency 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 .
Furthermore, people waiting for the dip can end up not buying any bitcoin when the dip comes, because they might have used the money for something else since they have been waiting and got tired of waiting, of course, they have their own dip price which they want bitcoin to dip to before buying as if they are the ones controlling the market. Waiting is never a strategy, because it deprives you from keeping your bitcoin accumulation ongoing consistently and persistently overtime till you reach your bitcoin target in future.
When you waiting, you are limiting yourself the chance of leaving your poor state to a better level with your bitcoin portfolio in future, because you will end up with very little bitcoin in your portfolio at old age.
The biggest challenge with waiting for the dip is that you will be tempted to aim for the bottom of the dip and at the same time you will never know where the bottom will be so you end up confused and likely not buying at all. I have experienced this before and it is not what I want to go through again. I have come to the conclusion that waiting for the dip is a terrible strategy that should mot be used by newbies or someone who have not gone over 80% of their accumulation goal because it will hinder your progress. Since I learnt about the DCA method, I have been using it because it is peaceful and gives me the rest of mind I need and I don't fomo anymore. I will serious recommend the DCA method to my fellow newer investors who have not go anywhere close to their accumulation target. The DCA method is the way to go to achieve steady growth in the quantity of Bitcoin in your portfolio.