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.
Sometimes I wonder why people are even waiting for the dip before buying when they'll still encounter a dip while one the DCA, is it that they don't understand that there are so many dips to be bought along the way? Bitcoin is volatile so the price movement would be both ways that's why if you're thinking of long-term you don't buy only during the dip but employ the use of the DCA to balance both sides of volatility, people who mostly get tired are the ones who wait for what they call the perfect dip, they want to buy at the point when bitcoin is very low and could end up waiting for months and get tired cause since we're still in a bullish season it won't get to the point they want to start investing from. Yes waiting hinders lots of accumulation opportunities everytime they spend waiting counts and the more they wait the more Bitcoin keeps going higher.
I have always view those guys that choose to wait for the perfect dip before investing into bitcoin as people who are not even serous about thier plan of investing into bitcoin because had it mean they're serous they would've adopt the DCA method instead of waiting for a perfect dip that will not be happening anytime soon, and one of the problem about this guys is that even when the dip occur yet they won't take advantage instead they will be waiting for the price to dip even more before they will be attempting to buy and even when the price dip the second time yet they won't be convince to start buying from thier, instead they will still be expecting the third one and in the process of waiting for the third one the price can surge from thier and they start waiting all over again. this are the challenges that comes when you choose to wait for the dip and this can probably make some guys to remain no coiner in the rest of thier lives.
I agree with you. In fact, those who want to invest in Bitcoin should forget the word DIP. They should think that the price of Bitcoin goes up and down frequently, but in the long run, it is much more profitable than investing in any other sector. There is no such thing as a perfect DIP in the Bitcoin market. If we look at the previous statistics, we will see that the price of Bitcoin has decreased occasionally and within a few weeks, it has increased much more than before. So if someone expected that value will be more DIP but its increase suddenly then he cant invest for his waiting to expected DIP. And the Bitcoin market is such a platform that it never closes. So it can be seen that even if it goes down to a DIP , the price increases again very quickly. Then one is forced to buy at a higher price. And such problems create mental instability. Therefore, investing in Bitcoin can have a negative impact. Greed can work, like gambling , there is a desire to become rich very quickly. And if you invest by following the DCA method, you do not have to face any of the above problems. Because if you invest regularly by following DCA with discretionary income, there is no intention of the price going up or down. If you invest for a long time, the profit always goes up. Looking at the past data, it is clear that a common thing that everyone who has a rough idea about Bitcoin knows is that Bitcoin reaches a new high roughly every 4 years. And the price increases several times from the average price of the previous 4 years. So we should invest with discretionary income for at least 4 to 10 years.