To me we shouldn't only think of buying Bitcoin when it is high, that amount to selfishness,
Bitcoin per say is not a get rich quick scheme as some of you may think, it is always better to buy when it is low and hold for a long time,
It is always better to buy bitcoin when you have discretionary income to invest through dca the price of bitcoin at that time doesn't matter. If you meet the price low when you have discretionary income you should buy, if you meet it when it high you should buy and shouldn't wait.
The first impression i took from the day one i was introduced to this forum, i got the whole idea from him that i should always buy Bitcoin when ever i have the opportunity of discretionary income and once the discretionary income comes i don't waste time of buying Bitcoin even if i meet Bitcoin price i should buy and that every time is always the best time to buy Bitcoin.
While you accumulate Bitcoin using your discretionary income, it must be noted that you must ensure to begin to build up your emergency funds too alongside other back up funds. Well, this of course depends on your level of income as to know your discretionary income and then know and/or do a perfect discretionary income allocation.
Of course as an investor, you need the emergency funds, surely. Just as the name implies, it's a fund that helps you settle your emergency situation that demands money, medical bills, accident, repair of motor parts or any equipment at home, etc. Because these needs can show up anytime, we must be prepared for them so we can settle them. And for this reason, we must build up our emergency funds from our discretionary income. So if you use all your discretionary to invest in Bitcoin, you might be missing out on building a strong emergency funds and other back up funds which will sustain your investment.
So it's very normal or necessary that when once or salary comes, after sorting out basic expenses, then our left over money that is not in use, which is our discretionary income, should be allocated properly, as assigning some for your Bitcoin investment and some for emergency funds and other back up funds, while some might also go for self treat as we all need a good life, even though such allocation is based on priority.
there is one little thing I have noticed about Bitcoin since I joined this platform, there is always a window that is open per time for investors to take advantage of and if you fail to do utilize it then it would be at your own detriment, right now it seems a bit convenient and maybe it's the best time for some to delve in and buy as much as they whilst other are still not sure and are still studying the situation to see how it goes.
Taking advantage of Bitcoin fall in price depends on choice, that's if you are interested in such dips to buy, and on the other hand, if you are also prepared for such buy. Someone who has some extra cash saved up for the dips will buy and Hodl, while if you have not saved up anything or not ready, would just continue your normal weekly or monthly DCA accumulation depending on what suits your income or cash flow.
So it's not more of studying the market or nor sure of the Dips, taking advantage now depends on the investors readiness to meet up such buys, as no good investor would go an extra mile to buy aggressively when he hasn't planed for such buys. Though it might be personal risk, not mine to take, but I think it's not advisable. Buying must meet readiness to avoid future panic sells which ends your assets rather too soon.