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.
There are only 21 million Bitcoins in the world. No one can ever create more than that. Its demand is increasing day by day. Many countries, big companies and big political figures in the world are trying to hold it. So those who invest in Bitcoin are not investing because they will do it or will invest when the price drops. They are only wasting their time. Because time is the real wealth of people. When a person thinks about investing and then starts investing little by little continuously, after several years he will have a very good portfolio. And such a portfolio can guarantee his financial independence in the future. On the other hand, if someone waits for the price to drop, then that opportunity or good day will not come to him.
Because the price of Bitcoin will never go down as you wish. And if it ever does, you will be worried that the price will go down further. And whenever the price goes up further, you will only regret it.While he is waiting, his cash in hand will run out for some reason. Therefore, he should fulfill his wishes while there is still time.