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.
The Bitcoin market situation can go up and down at any time and this creates frustration among investors. However, investors should buy more and more during the dip. I think that the emphasis should be on buying at this time when the market price is slightly lower. And an investor should be ready to buy at both the high and low market prices.
Those who are investing for the long term should hold their investments tightly during this time. Even if the market is down, your investment cannot be lost in any way. No one can predict the rise and fall of the market and no one knows. The price that is there today may become even higher tomorrow. Or it may fall, so none of us know about the market. However, I believe that Bitcoin will help long-term investors make a large amount of profit at the end of its cycle.
Those who are investing through the DCA strategy should also plan for the long term slowly. Because to get profit in investment, you have to invest for the long term. This may allow you to earn more profit than you planned from the money you invested.