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 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.
I absolutely think there is nothing wrong in buying the dip, but where I think it’s quite bad is when you are waiting for the dip before you’ invest in bitcoin which I think it’s quite a awful strategy, waiting for the dip before starting to invest in bitcoin would definitely present missed opportunities, which we should be buying and accumulating bitcoin on a regular and consistent basis,
Sometimes I’m surprised when people even think about waiting for a dip or tends to be waiting for a dip which is quite unprecedented and you might just as much as be wasting a lot of time waiting for the opportunity to invest on a regular basis and accumulating and stacking enough bitcoin.