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.
Anyone who is interested and determined to invest in Bitcoin without minding the volatility of Bitcoin will definitely invest and if they are consistent in their accumulation and holding such investor will get to their desire point or goal. Waiting for Bitcoin to Dip to some certain price before one will start investing signify unseriousnness because waiting is not a good approach as we can not really tell when the dip will come. Sometimes I think the reason why some people don't start investing at any point is because they don't actually believe the potential of Bitcoin and these people are traders because they always want to buy at the dip and sell when the price appreciate which is a wrong mentality.