Before starting bitcoin journey for example a newbie must be fully aware about the kind of investment they’re going into, using money meant for important needs to invest is a mistake done by most newbies yet this kind of mistakes are very rare as a result of learning about the basic knowledge first before investing will help prepare an investor towards their long term journey. Whenever the market experiences a dip, generally those who are financially capable intend to buy bitcoin using large quantity basically they prepared towards this event buying the dip so all they have to do is take advantage, accumulating aggressively during the dip is not compulsory especially when the fund is not available rather continue buying bitcoin using the dca strategy.
Even if a person is financially capable, it is never right to wait for a fall. We should always continue to buy continuously. If a person buys continuously using the DCA method and then waits for a fall, then this is also a bad decision. Because you have money, it means invest immediately. It is never right to wait for a fall.
If you wait for a fall, then you can miss a lot of buying opportunities. For example, whenever you see a fall, you will wait a little more for the fall to come down a little more and then buy, doing this, after a while you will not be able to buy at that time of fall. So it is never right to wait for a fall, you should always continue to buy continuously by adopting the DCA method.
People who are waiting for the price to drop before buying , what are they waiting for when they have the money? I don't see any reason why some people will chose to wait when they have the money to buy bitcoin. For me, individuals who always think about waiting for the price to drop and buying bitcoin did not have money to buy it. If you have money, you can buy bitcoin without thinking about the price, waiting for the price to fall does not imply that you are wiser or smarter than others; no one can predict the price of bitcoin, therefore it is best to buy when you have the money and without thinking about the price.
For me, there is nothing special about waiting for the price to drop because it is a waste of time for me and sometimes it leads to regret at the end if you didn't buy and the price keeps going up. If you have money to buy bitcoin, do not waste time thinking of waiting for the price to drop, you may be waiting for the price to drop and you won't be able to buy at the end, buy with the amount you can afford to buy and hold. Although you can buy when the opportunity come, buy it is not advisable for anyone to wait for the price to fall before buying bitcoin.
Yes as long as the needed discretionary income is there I don't really see the need for someone to be waiting for something that is purely beyond there control before they start up investing in bitcoin.
Not waiting for bitcoin to dip won't really affect us but not been able to start accumulating is something that is going to affect us as this will deter our opportunity of accumulating as much bitcoin as we can and there are so many other opportunities that we may end up missing.
Waiting for Bitcoin to dip before investing is a wrong approach and mentality and there is every tendency or possiblity that they might not even get to the point some folks will wish it to get to and if it doesn't there won't be opportunity for them to invest. As an investor or someone that wants to start investing in Bitcoin, it is not really necessary to start when the market is down since you are already investing to hold for long time and the DCA method is there to help one invest regardless of the market price.
Since it is very difficult to predict the price of Bitcoin, waiting for Bitcoin to dip before you can invest in Bitcoin is very unwise because you don't know when Bitcoin will drop to the level where you want to start accumulating bitcoin from, and if Bitcoin fails to drop to your expected level, you will never get started with Bitcoin investment
, and you will miss good opportunities of accumulating Bitcoin. If it's a must you want to buy the dip, I prefer you get started with accumulating Bitcoin with DCA strategy so that you can be consistent in accumulating bitcoin to build up your portfolio gradually, and if you are lucky enough a dip happens and you have money to buy the dip and take advantage of the market, you can buy the dip as it will increase the size of your Bitcoin investment.