In fact it is never wise to buy a dip or wait for the right time. Those who wait to buy a dip will never find the right time, so they will fail to invest. There are many stories in the past, those who have waited for prices to fall have failed to invest and are currently regretting it. Now it is better to buy bitcoin at a low price but you should not wait for the price to fall, because if you buy bitcoins with DCA strategy you can buy bitcoins at an average price. So there's no need to wait to buy the dip, the longer you delay the more you fall behind. So if you have a long-term plan, don't wait but it's wise to start investing using DCA strategies. And if you continue to invest consistently in the DCA strategy and if the market goes down while investing, you can take advantage of the opportunity to buy dip.
Good understanding you got here, you know some are never serious with anything so the keep giving excuses as if there's a fixed period t buy Bitcoin, with my understanding about humans, some of those people that said they are waiting for the dip to buy Bitcoin, if we monitor them closely, we will be surprised to know that might not even buy anything, they just say all those things so that people will see them as intending investors that are preparing to buy, I get pissed with those silly talks, although I understand that everyone has there decisions to make but whats the need for anyone to wait till the dip before they can buy when they can actually start up by DCAing consistently with what they can afford and may be buy higher during the dip, this has been said here countless times, people should just think wise before they'll start saying had I known.
Exactly, the most used trap is waiting until one gets a perfect dip and it usually becomes a self fulfilling obstacle. In unstable markets like Bitcoin there is almost always an excuse to wait until prices fall, someone sees a bad news storey, or they become convinced that the market will collapse further. The thing is that there could be hardly any perfect time, and making efforts to seek it may mean losing years of development.
Psychologically, individuals who say they are waiting on the dip simply talk with themselves into not doing anything. Looking at the market, you will find that a great number of them do not follow through. DCA is action-oriented, habit forming, and guarantees the exposure with time. Actual cases of early adopters who did not wait to get to the bottom of the perfect list and are now reaping huge rewards.
The overall lesson is that time shows that long-term investors are better off with regular and disciplined investments than with timing the market. Biding time until the dip seems like a clever approach to things, but in reality, more opportunities are usually missed. DCA converts uncertainty to a pragmatic approach.