Waiting for the right downturn is a bad strategy because no one can predict the market, and it can change at any time. That is why the bitcoin market is frequently referred to as unpredictable; it may change without notice. To be honest, the dollar cost average has decreased a lot of tension when it comes to accumulating bitcoins, as well as those who are not serious enough to grow their portfolio, which means their lack consistency and patience, which is necessary things in all cryptocurrency.
Yes, waiting for a price drop when buying bitcoin is not the right strategy. Because as you said that bitcoin is difficult to predict the price,
so if it is forced to continue waiting for the price of bitcoin to fall, it will certainly cause boredom which will make our enthusiasm for investing in bitcoin diminish. Because basically when the price of bitcoin does not go down as we expected, it is certain that our minds will feel a little disappointed and that is the risk if we wait too long for the price of bitcoin to go down when buying it. So that's why when we already have discretionary funds, we must immediately invest in bitcoun, if we are really serious about investing. Because if we are already too focused on market volatility before investing in bitcoin, I think it is an unfavorable action and waste a lot of momentum. Because basically the volatility of the price of bitcoin is very difficult to predict, because there are millions of people every second who make transactions in bitcoin, so that's why the price is very difficult to predict. So DCA is really the solution to all this.
I don't necessarily think that the problem about waiting for the dip is about being bored or not, the problem of waiting for a dip before buying is that you may miss so many buying opportunities that may present itself in the market, and it's even more unwise if you are seriously lacking behind in your accumulation journey, because no one can determine the next destination of the market, so if you are waiting for a dip, the particular one you are waiting for may never come, so it's never a good strategy to wait for the dip before buying.
The best thing to do is to buy and accumulate once you discretionary income is available and if along the line their is a dip in the market, you might still buy or accumulate aggressively, but waiting for it is not the best way to accumulate a huge stash of Bitcoin.