If you wait for Bitcoin to fall, you may regret it in the future, because the price of Bitcoin, which is a challenge to determine, is cheaper today than in the future because the demand for Bitcoin which has increased greatly at present and will increase many times in the future and the price of Bitcoin will increase greatly, but although there is no guarantee of this but the future of Bitcoin is bright, when to enter or exit the market for investment frees you from this kind of challenge when using the DCA strategy, the DCA strategy will be the best for you to grow your wealth,
All what I know is that, when you delay in bitcoin investment, you are Definitely going to regret at the end why you didn’t invest in bitcoin. Most people waiting for the dip don’t really want to invest in bitcoin, they are not really ready to invest, because even if bitcoin price drops to $1k, they will keep on waiting for more crash before they going to invest. No matter how low bitcoin price goes, people like this will always wait for more dip, thats one of the excuse people that don’t really want to invest in bitcoin will give.
The same people waiting for crash before they will invest, are still the same set of people that will start regretting why they didn’t invest in bitcoin when the price is low. Just image people that knew when bitcoin price was around $1k and they didn’t invest then, just image how they going to be feeling right now. If you are planning to invest, just make use of DCA strategy and invest, you don’t have to wait for a crash to happen first.
I absolutely agree with your thoughts about DCA and a general idea of waiting out the downtick. In reality, one of the most common pitfalls of a beginner investor is the constant attempt to learn to time the market. Bitcoin is erratic with no one being able to say at any given time when the price will sink to its lowest. Waiting to make an ideal dip can result in non-action, with the resultant remorse.
DCA is effective, as all that stress and guess work has been eliminated. When the price is low you get more and when it is high you get less since you will automatically be putting in the one amount regularly. This removes volatility over time and steadily increases your assets. It is the basic and strict rule that even professional investors advocate since it is tiresome and hardly achievable to predict every step.
We’ve seen plenty of examples in Bitcoin’s history. People who knew about Bitcoin in 2013 when it was around $100-$200 often waited for a crash that never came and missed the massive bull run to $1,000 and beyond. The same happened in 2017 many were waiting for BTC to dip below $5,000, only to watch it skyrocket past $19,000. These are not mere figures but actual lives of individuals who postponed about this because they wanted to know the right entry and later on regretted.
Most investors who say they are waiting to complete the crash are in fact not fully prepared to buy. Even if Bitcoin dropped to $1,000 tomorrow, they’d probably wait for $500, or $100, and miss the opportunity again. That is why attitude is essential as a strategy. What DCA allows you to do, as long as you dona web considerable sum (e.g., not 5,000) is invest and hold without worrying about capturing the perfect price or bottom.