After publicly buying the dip in $BTC, many friends have indeed sent me private messages or left comments. The general idea is that if we are currently in a bear market, even if it's just the beginning, buying now is too early. If we are in a bull market, this price isn't very competitive either. The overall sentiment is that it's still too expensive now; why can't it be cheaper before buying?

Before answering this question, I want to share a true little story. Many friends know that I started dollar-cost averaging into Bitcoin in March 2024, when the price of BTC was $65,500. In the following seven months, the price of BTC peaked at $72,000 and dropped to a low of $56,000. Every month when I shared my dollar-cost averaging updates, many friends would say I bought too high, that it was too early to buy, and that I should wait until the price starts with a four.

Even friends I have a good relationship with told me that my timing for dollar-cost averaging was poor, and I should wait for the price to drop and then rebound before starting to buy. They insisted that it was only correct to dollar-cost average when the price started with a three or four.

However, starting from the eighth month, BTC rose above $80,000, and by the ninth month, it stabilized at $90,000, eventually reaching $100,000. Even now, 20 months later, my average cost is only $87,000.

What I want to convey is not that I have the ability to predict the future or that I am boasting about my judgment being correct. If that were the case, I wouldn't have faced liquidation. Rather, it is because we are uncertain about the future and do not know what will happen that we need to make our own investment judgments. If I had the ability to foresee, I would have started dollar-cost averaging at $56,000. If I had expectations, I wouldn't even need to dollar-cost average; I could just go all in at $56,000 and sell at $120,000.

But in reality, almost no one has the ability to foresee, and no one knows what tomorrow's BTC price will be. I also wanted to wait until the price started with an eight or even lower, but I wasn't sure if there would be a price starting with an eight. Just like when I was dollar-cost averaging, I decided to buy on that day, regardless of any influences. The first thing that came to mind was to buy. This way, looking at the long term, my impact is minimized.

Buying the dip is the same. I don't know if the price will continue to drop; I don't have a 100% prediction. But I am willing to accept the price of $99,000. What I did was similar to building a position; maybe it was high, maybe it was low, but it doesn't matter. The important thing is that I found the right time to enter, calculated how much capital I would use to buy next, how low I could buy, and how much I could spend. This is what I mean by buying more as the price drops because I don't know where the bottom is.

Last year, when the price was $60,000, I mentioned many times that the bottom is not something you wait for; it's something you buy. Relying on waiting, today, when BTC is priced at $110,000, one might think $100,000 is a good buy. When BTC drops to $100,000, one might think $90,000 is a good buy. When BTC drops to $90,000, one might think $70,000 is a good buy. And when BTC rebounds to $100,000, one regrets not buying at $80,000.

This is what I discovered after dollar-cost averaging. I am not sure if there will still be BTC at $65,000. If there is, I can buy it; if not, I have already bought.

This is the biggest difference. Waiting may not lead to finding the bottom; the bottom can only be reached through continuous exploratory purchases to potentially buy at the lowest price possible.

I may not have the ability to buy at the lowest point, but I can set a target and keep buying, ensuring that when BTC rises one day, I am already on board.

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