Buying when the price goes down or cheap is indeed one of the things that traders and investors look forward to the most, because that way it will be possible for them to get bigger profits when the price rises later, but for now I don't know how long we have to wait, because it seems the current decline seems to have hit the bottom of the bitcoin price, I doubt that bitcoin will to fall below $18K, so it's better to get into the market and buy now when the price is cheap.

Never underestimate the amount of people ready to step in because of past performance.

Really think there is a strong support level not too far off current prices...

Unless some real shit hits the fan

Are you saying that the market will fall again or? the dip is not yet enough?  this could be the limit or maybe you are right when you said that they are many frustrations since 2020. Covid came and bitcoin did numbers after a year. The war just began and soon it'll settle down, many people or victims that got saved through bitcoin donations will acknowledge the coin in the future. Say next year and things will work out fine for cryptocurrency. The world can't be in total peace we are too many to expect such a peaceful world without frustration and war. Though as humans, we don't see things as regard previous actions. As they say leave the past, it belongs there. But, with the look of earlier trends on bitcoin in the year 2021, this is the best moment to invest. Waiting for the price to hit 10k or less may be risky. We saw bitcoin hit 60k during or after a pandemic (according to different countries) so investing on bitcion now is okay. Though waiting for bitcoin to fall again in price like Luna before investing is not advisable bitcoin price has been on that price rate for a while now.

But, it's quite satisfying if I can buy Bitcoin cheaply and see the price go up again. Maybe your words are more suitable for long-term investment/trading. I think there must have been a good, good time that was when we could get the bottom price. Although it is rarely we can do it. Because our combination of technical and asset management is not 100% correct. We only use technical to maximize profits and minimize losses.

Zooming in on Bitcoin, there has been no particular unfortunate incident which has affected it. Instead, we have had series of events causing global crisis and negatively affecting all markets.

The surest way to avoid losses is to not sell at a loss. Having your portfolio fall below your break even point does not mean one has incurred a loss. The market is volatile, but one constant is Bitcoin has been appreciating in value over the years, you just have to o hodl long enough.

Bitcoin is down about 70% from its last ATH of less than a year ago. That is a downward market.
Waiting for further dips is like trying to call the bottom which isn't exactly possible.

DCA does not mean finding a bottom so it does not result in buy at the lowest. Sometimes it is but most of times it is not.

With Dollar Cost Averaging, you make plan to use your income and capital for investment on regular basis. The basis can be weekly, monthly, quarterly and you don't try to find lowest price for each regular buying round. It does not a big intention when you apply DCA.

DCA regularly has another advantage: you won't go empty with capital to do it. Exception is when you lose your jobs and no longer have enough regular income that should be used for DCA. With DCA, you can buy at many entry prices, from high to low.

What is the expected rate of " just wait for the price of Bitcoin to come down."? 12k or less? The difference between it and 20k is not big, but the real difference will be after several years when the price reaches 100k, so in short, what is the right time to buy from the bottom? Today, any delay may make you lazy and you may not invest at all.
So buy now or cry later

Why wait if you can DCA?

If you're going to wait for the lowest, you will never find it out or if you do then you're lucky to have it spot on. But the reality is that, many don't figure it out.

As you wait for the dip, you may miss that buying opportunity as the market is likely about to recover but we don't know, if the fall will come again and if it will make bitcoin pass back lower than $17k.

Were down just this year 2022 since January (not 2020) while last year the new ATH had reached - such a remarkable moment in crypto.
Though to have seen that the war is hugely affecting the market and pushes it down suffering economic recession. However, in regards to the crypto situation, I can't solely be pointing it to the said war, for sometimes we accept that bear season surely comes after the bull market. We must be aware of the market cycle that is why market analysis places an important role in investing.