Waiting for the dip before buying bitcoin is a terrible decision to make which is absolutely ridiculous considering that you can always buy bitcoin on a regular basis, I have been investing in bitcoin for quite sometime now, I have never appreciated the waiting game, I’m more interested in buying bitcoin on a regular basis, at a more sustainable price which is very well known by me, other investors who would mostly prefer buying the dip I don’t really see them as bitcoin investors, instead I feel they’re not investors they’re individuals who are mostly interested in quick and sudden profits because they would eventually want to sell their bitcoin.
Buying regularly is indeed an effective strategy, but I think we can't blame investors who want to buy Bitcoin and wait for the price to drop because, in my opinion, that's also very profitable especially if they accumulate a large amount of Bitcoin like what's happening now when the market price is undergoing a deep correction. So of course, it would be very profitable if someone buys a lot at once.
And aiming for instant profits is definitely a big mistake because to get the maximum benefit from investing in Bitcoin, we really need to be able to hold onto it for a long time.
One of the effective way of accumulating is the DCA strategy because you don't have to wait for the price to drop before you can start accumulating Bitcoin. Such people who waits for the price to drop even when they have an available discretionary income to get started immediately will blame themselves when they miss out not accumulating Bitcoin when the opportunity was there, while waiting for a drop in price the price might be increasing and at the time you can't accumulate Bitcoin again and become a no coiner because they planed for a Dip before they can get started, again even if the price drop it may not still be to their satisfactory price they may be waiting for more drop and it keep appreciating in price, something volatile can't be predicted so accumulate quickly when there is a discretionary income and hodl for a long time and stop focusing on quick profit making.