It can be more effective when you have a strong backup fund and sufficient cash flow. There is nothing wrong with buying in a falling market, but waiting for a falling market or planning around a falling market can prove you wrong and if you fail to catch it, you can take the wrong steps which can cause you a lot of losses. A market fall is a good opportunity for every investor to stock up. Let it happen naturally, when you try to buy the dip artificially, you can be forced to take the wrong steps. Because you do not know when the dip will happen and how long it will last. Here you are more likely to panic and there is a higher chance of hurting yourself.
The market can go down or up. If you have a solid plan that you've stuck to from the beginning, this shouldn't affect you. For example, if you said you would buy Bitcoin on the 3rd day of every month and you're buying it, don't postpone it to the 4th day just because Bitcoin has fallen and might fall further. You can't predict when the decline will stop and the rebound will begin. Instead of wasting time on that, stick to your plan. When you see how many coins you have in the long run, you'll naturally stay away from the temptation of daily trading. Everyone makes plans, but very few people stick to them.
This is very correct and an important point, since the market's ups and downs are completely unpredictable and despite a big dump at any moment, Bitcoin is capable of recovering a huge amount in an instant, so we should never delay in investing, we should strictly adhere to consistency, if we set a specific time for investment, we should invest as soon as that time comes and then no matter how low or high the price is, it does not matter, it is the right decision to keep buying continuously without worrying about the rise and not affecting yourself by it, then it is possible to get better results in the long term, but the mentality of waiting for a little more dip to buy when buying, and this is a trading mentality, and its results are never good every time.
My sincere concerns goes for new investors in Bitcoin or rather say newbies in their investment journey. I believe following the wrong strategy at the beginning will definitely affect them sooner or in a long run. A newbie who is very much excited about buying the Dips and internationally stacks money aside to buy dips has invariably reduced his Bitcoin accumulation speed at his early stage in the name of waiting for uncertainty( I mean Dip period because it's never certain of the time). Why holding down money which can be used to gradually increase your portfolio while waiting or hoping for dips? Dips are nice to stack up a hole lot of Bitcoin, but I feel it's better of as an investor who has spent some time in investment scheme, which gives him some experience, a little bit of judgemental decisions of when to buy and not to buy, such an already existing investor is aware and used to the ups and downs of Bitcoin and so many related matters. And investor with few is these experiences can actually prepare for dips and not just a new born baby who not know his right from left to get so much excited of the gains from dips and then begins stacking and waiting for dips thereby reducing accumulation speed.
International Ans progressive accumulation of Bitcoin by newbies should be directed towards the DCA strategy using the discretionary funds. Accumulate as you can no matter how small the discretionary. This gives you confidence for long term investment journey and gains since you invest without pressure after settlement of basic needs(discretionary funds). Stacking and waiting for Dips isn't a bad idea, but as a newbie, I feel you should gather more knowledge in the market as you invest, get to understand signal, get to know the workability of the investment journey, gather few experiences, them you can at least think of anything like dips, so I think.