For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.
it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.
Most new investors expect to buy Bitcoin when it drops further. I will just tell those investors that Bitcoin is still within your buying range so don't get it wrong now is the best time to use your assets properly.
Still, many experienced Bitcoin investors think that if they could have started accumulating Bitcoin earlier it would have been great for them and they are still with Bitcoin. New investors think that they may be entering the market late but this is a misconception. Bitcoin is still in its early stages. So don't waste time waiting for the price to fall. Keep buying Bitcoin regularly. Due to the limited supply of Bitcoin its price will continue to increase much more than you expect.
That definition
is explains that of buying the dip and not the Lump sum since lump sum buying makes it's emphasis on the investors decision to buy right away with a huge amount of money that they are willing to invest without showing concern or considering whether the market is in dip or not.
Bitcoin has done wonderfully well and it's is still doing and will continue to be doing well so it is ok for investors to wish that they knew about Bitcoin earlier than they did but they can continue to take positioning as much as they because Bitcoin still has a longer way to go and this could just be the beginning.