Whenever the price of Bitcoin temporarily drops (price decreases), buy it.
Buy Bitcoin when the price drops . This strategy is called Buy the dip because many investors believe that the price will rise again after the drop, so buying then has a greater chance of making a profit. However, it should be remembered
This is not a guaranteed way to make a profit.
There is always risk in the market.
You have to make decisions according to your budget and knowledge.
The price of Bitcoin always fluctuates.
When the price suddenly drops slightly from high (for example $70,000 to $65,000), it is called a dip.
Buy during the dip. Many people get scared at this time and sell. But according to the Buy the dip strategy, you buy then because the price may rise again later.
If you buy at $65,000, and later the price is $72,000, profit = $7,000 per Bitcoin. Be patient, the price will not increase immediately. Time and patience are very important in Bitcoin.
Many people make good profits in the long term. Buy in small portions. It is better to buy little by little when the price falls rather than buying a lot at once (which is called Dollar Cost Averaging or DCA).This reduces risk. Do not make decisions emotionally. Making decisions in the Bitcoin market out of fear or greed can lead to losses. It is always better to work according to your own plan and research.
That's buying at the dip and not DCA because DCA isn't only buying when there is a dip, you are to keep on buying weekly/monthly irrespective of the price of bitcoin whether the market is at the dip or not, you just keep on buying to increase your bitcoin stash slowly overtime.
If you wait to buy only at the dip like you mentioned above, you will not be able to build a significant size of portfolio in future because whenever, the price of bitcoin increases, you wouldn't buy. It means that such people wouldn't even bother to buy during the bull market which will slow down your bitcoin accumulation pace. Your focus should be to keep your bitcoin accumulation ongoing provided that you have your discretionary income available, not to stop and be waiting for the dip because you're after profits. What if the dip did not come, you will keep waiting.
Have a bitcoin target and focus on achieving that goal instead of focusing on buying cheap bitcoin.