Are we going to see 5k or not? I'm not into DCA, I will only buy dips, but I need to make sure that level is really the dip.
Seems that you are going to miss opportunities when you consider the matter like that..
But, yeah, we have bounced around a lot in these prices previously, so sometimes if you have already bought in this price arena, then you might not be eager to buy here again.
I personally still believe that odds are against going below our current $6,425 low from December; however, if prices get below $7k, then the odds of revisiting $6,425 become much greater.
Also, there are a few kinds of investors, and some are merely waiting for perceived bargains which could be because they already have coins or could be because they are skeptical of BTC.. and others are just stacking along the way, but they do not want to stack at prices that they have already stacked.
I recall quite a few people who missed the train because they are waiting too much, so in early 2017 when BTC prices were dipping from $1.7k-ish to nearly $800, there were some folks waiting for $500, so they ended up missing out by waiting for BTC prices that never ended up coming or even coming close to returning to those levels.. .and shit, would have been lucky to get prices under $3k after that, and even our dip in 2018 did not bring sub $3k prices like so many fence sitters were anticipating..
Here's the chance for $5k.. wait, wait, wait, and don't DCA... and get fucked by trying to be more greedy than prudent...
When I first got into bitcoin in late 2013, I frequently asserted that prudent BTC investing timelines should be at least 2 years, but with the passage of time, it seems that 4 years or more would be our current BTC investing timelines... so it is likely not going to make much difference if you buy BTC at $8k-ish or if you were to get a sub $6.4k opportunity, but that is just my DCA and incrementalism imbedded thinking which has done quite well for me over the past 6+ years of buying our lil friends and HODLing through tough times (and maybe picking up a few more here or there without necessarily waiting for the maximum dip.. but just making sure that I have more money if the price dips lower than my previous buy price).