Buy Buy Buy or Sell Sell Sell?

[wmaurik]

...

If the Bitcoin current price is $104,500, it is not high in my view because i can still accumulate it little by little with a small amount of money, and if i remain consistent in my accumulation, i will accumulate a reasonable amount of Bitcoin before it will be expensive or high to the level where i can't use a small amount of money to accumulate it. Know that if people are concerned about the Bitcoin price being too high for them to invest in Bitcoin, just know that they are not fully ready to invest in Bitcoin, and they are using the Bitcoin price as a means for them to procrastinate investing in Bitcoin.

Bitcoin's price even dropped below $100,000 two days ago, when someone first mentioned the $104,500 price. Since then, Bitcoin has continued to decline, and its price is currently around $101,000, which is generally a good opportunity to buy in large quantities, as it's a relatively low price compared to the highest price Bitcoin has reached this year. And for those who still have excuses for delaying investing in Bitcoin, they shouldn't be the ones we should look to as role models for this kind of thing. Investors who understand and have sufficient confidence in Bitcoin will always act more aggressively when they see the current price conditions. However, if someone is still very new, I also don't recommend being more aggressive in the current situation, especially if their own capabilities are still very limited to undertake such a task.

[SilverCryptoBullet]

Bitcoin's price even dropped below $100,000 two days ago, when someone first mentioned the $104,500 price. Since then, Bitcoin has continued to decline, and its price is currently around $101,000, which is generally a good opportunity to buy in large quantities, as it's a relatively low price compared to the highest price Bitcoin has reached this year. And for those who still have excuses for delaying investing in Bitcoin, they shouldn't be the ones we should look to as role models for this kind of thing. Investors who understand and have sufficient confidence in Bitcoin will always act more aggressively when they see the current price conditions. However, if someone is still very new, I also don't recommend being more aggressive in the current situation, especially if their own capabilities are still very limited to undertake such a task.

Assumptions like we are in a bear market or we are still in a bull market, will result in different points of view. It's helpful to check Bitcoin price history as drawdowns in bull market and corrections in bear market.

Bull market correction drawdowns.
Bitcoin historical corrections from All Time Highs.

We are not all the same in the market, and Bitcoin drawdowns or corrections are opportunities with intelligent investors while they are dangerous threats of losing money with unwise investors or greedy traders and speculators in this market.

If you are intelligent, you can prepare your fund and wait for corrections, drawdowns to accumulate cheap bitcoins.

[Futurexxx]

If you are intelligent, you can prepare your fund and wait for corrections, drawdowns to accumulate cheap bitcoins.

It's quite funny that you think you can outsmart the market, and don't you think that by waiting for the dip, you might miss some very good buying opportunity?
What if the dip never came as expected, what will become of you?

I know that your heart is already set on what to do, but trying to convince newbies that waiting for the dip before buying and accumulating is the right thing to do is misleading, and it's even more unwise if you are a low coiner or you are lagging behind in your accumulation journey, so it's best to buy and accumulate Bitcoin regardless of it current price, when the dip comes, you may decide to buy aggressively then, only if you have the reserve funds to carry it out, so stop trying to mislead newbies investors into waiting for a dip that may never come.

[JayJuanGee]

Of course, there are going to be guys who are already thinking that their investment timeline is anywhere from 10 years to 30 years, and so maybe they think if everything goes really well, then best case scenario they might start to live off their bitcoin or to have their bitcoin supplement their expenses after 10 years, but they think it could take much longer and more realistically 15 years or more...  So this kind of a guy might already be coming to bitcoin with a correct kind of a mindset.

Surely, if he is just getting started, then his position is different from someone who has 2 years investing or someone with 5 years investing or even someone with 8 years investing.  He can monitor his progress along the way, yet it seems to me that even a guy who had merely spent the last 5 years investing in bitcoin is likely to have had seen decently good progress, especially if he had figured out some fairly aggressive bitcoin investing path... and if he did not end up screwing up too much.

You can measure a hypothetical guys progress to see how he would have had faired, and sure, even though you cannot measure future performance from past results, there still can be quite a bit of value in both projecting back and projecting forward and even plugging in various scenarios related to your own possibilities within your various projections that relate to different kinds of possible outcomes related to both your abilities to invest but also various things that the market might do.. with base case scenarios and best case scenarios and worse case scenarios.  All kinds of stuff can be done, especially if a guy is able to use some kind of a spreadsheet program like Excel.

Even in bitcoin, it can take way more than a whole cycle to start to see results, even if a guy might have had been able to lump sum and/or front load his investment into bitcoin.

Actually you have said to do it deeply. You are getting it right. The more I write your article, the better. You can discuss the time, views and book philosophy of my answer, not just the Daqien and the profit.

Actually we think of Bitcoin as a get rich quick middleman. So after investing in Bitcoin, when they do not see any big changes for a month or a year, they think they are going to waste.
But you are right, investing in Bitcoin is a kind of patience test, for them you just have to hold on and make it.
Investing in Bitcoin is not a waste of time, the value of Bitcoin is increased with things. Those who invested in Bitcoin 10 years ago, today they believe in good images, think and believe in good results by investing in Bitcoin. And you have to prepare yourself psychologically, "Can I really wait 10 years?"
This thinking is a characteristic of a person.

Initially you might get started investing in bitcoin, yet you don't really know anything about it and you are not even sure about your plan, so maybe you will start out with investing $50 per week.  You might know that you are able to invest $100 per week or more, but you start out with $50 while you study bitcoin and you study your own particulars going over your own 9 individual factors in order to help yourself to figure out how you are going to approach bitcoin.. and you might not even realize what your timeline is in the beginning, yet you might come to realize if you are investing rather than trading or gambling, your timeline is going to be 10 years or more... so you build towards that 10 years and hopefully if you do not screw anything up too much and you learn from your mistakes along the way, then you improve little by little and you are able to increase your discretionary income and later you are investing $100 per week into bitcoin and they $150 per week and perhaps you work your way up to larger numbers, but you also start to feel more comfortable because as you are building up your bitcoin investment, you are also building up your back up funds, so you had never felt so empowered in earlier times since you have both an investment in bitcoin that is getting larger and back up funds that are giving you further confidence and comfort..

[Umulala-alala]

If you are intelligent, you can prepare your fund and wait for corrections, drawdowns to accumulate cheap bitcoins.

It's quite funny that you think you can outsmart the market, and don't you think that by waiting for the dip, you might miss some very good buying opportunity?
What if the dip never came as expected, what will become of you?

I know that your heart is already set on what to do, but trying to convince newbies that waiting for the dip before buying and accumulating is the right thing to do is misleading, and it's even more unwise if you are a low coiner or you are lagging behind in your accumulation journey, so it's best to buy and accumulate Bitcoin regardless of it current price, when the dip comes, you may decide to buy aggressively then, only if you have the reserve funds to carry it out, so stop trying to mislead newbies investors into waiting for a dip that may never come.

He wouldn't be waiting for the price of BTC to dip before he can buy if he is using the DCA strategy to buy bitcoin instead he sees buying the dip strategy as an intelligent one if that what silvercryptobullet meant then it's misleading. You can't grow a good bitcoin portfolio if you buy with the buy the dip strategy, you can buy more if the dip occur but don't forget to be persistently and consistently buying your bitcoin with the DCA strategy and hodl for long.

[Bigjoe33]

Investing in Bitcoin is not a waste of time, the value of Bitcoin is increased with things. Those who invested in Bitcoin 10 years ago, today they believe in good images, think and believe in good results by investing in Bitcoin. And you have to prepare yourself psychologically, "Can I really wait 10 years?"
This thinking is a characteristic of a person.

Surely, a person getting into Bitcoin investment must get prepared psychologically and mentally. Even after creating your discretionary income, it must meet with your readiness squarely, else such an investor might screw up things if he can't bear the long term wait.

Offcours, we need to get ready in whatever we want to do before getting actively involved. And the bitcoin investment stuff is not just a thing of a week, few months or a year or so. You would have to Hodl for long, very long if you want to maximise good profit. And this ability needs that mental and psychological preparedness to stand the taste of time.

Folks who come into Bitcoin investment without getting prepared all in ramifications might end up screwing up there investments, especially if they came into the investment with the wrong mindset of timing Bitcoin price as to when they would take there gains, not knowing that the high volatility of Bitcoin does not guarantee any quick gains at anytime.
Investors must get ready, not just financially, but also mentally, psychologically and otherwise so they can stand the taste of time while consistently buying and Hodling there assets

[IceLincoln]

Those who don't want to invest in Bitcoin because of short term profit is their own loss because surely there is loss awaiting them when they start the trading and anyone who is still having the mindset or thought that Bitcoin will fail one day is still dreaming and perhaps they don't really have eyes to see what Bitcoin holds in the future because Bitcoin has gone too far to fail and I don't believe that is possible but it can stay for some price range for sometime but failing is what I don't believe and I doubt the chances of it happening because it has grown so big and it is now a global thing that even Government and institutions etc are venturing into it.

Your statement that I boldened are kinda passing the wrong information, or you didn’t structure it well to pass the info you wanted. There’s no one who wouldn’t want to invest because of short term profits rather that’s what drives them to invest. There are those who are investing just for short term profits who engage in the trading you’re talking about buying low and selling high just for small gains.
Yes Bitcoin has proven a lot of doubters and unbelievers wrong and will continue to do so, so long term approach to bitcoin investment is always the right thing.

[Finebone]

He wouldn't be waiting for the price of BTC to dip before he can buy if he is using the DCA strategy to buy bitcoin instead he sees buying the dip strategy as an intelligent one if that what silvercryptobullet meant then it's misleading. You can't grow a good bitcoin portfolio if you buy with the buy the dip strategy, you can buy more if the dip occur but don't forget to be persistently and consistently buying your bitcoin with the DCA strategy and hodl for long.

Silvercryptobullet is wrong, waiting for dips before buying or accumulating only during dip is not the best way to accumulate and build a good stash of bitcoin because the chances of missing out on many buying opportunities are high since no one knows what will happens in the market in the future.
Something the dip might even come, but since it is not the exact one the person in anticipating for, he might not buy, which will make him lose that juicy opportunity, so it is never a good idea to wait for a better price before buying, since Bitcoin can still go as high as a million dollar in the future.
The only reliable method is to use the dca accumulating strategy to accumulate now without looking at the price, and if it dips later in the future, you can still buy and accumulate it then, that way it's a win win situation for you as a person, not by wait for a dip you are not sure if it will come or not.

[Tungbulu]

Initially you might get started investing in bitcoin, yet you don't really know anything about it and you are not even sure about your plan, so maybe you will start out with investing $50 per week.  You might know that you are able to invest $100 per week or more, but you start out with $50 while you study bitcoin and you study your own particulars going over your own 9 individual factors in order to help yourself to figure out how you are going to approach bitcoin.. and you might not even realize what your timeline is in the beginning, yet you might come to realize if you are investing rather than trading or gambling, your timeline is going to be 10 years or more... so you build towards that 10 years and hopefully if you do not screw anything up too much and you learn from your mistakes along the way, then you improve little by little and you are able to increase your discretionary income and later you are investing $100 per week into bitcoin and they $150 per week and perhaps you work your way up to larger numbers, but you also start to feel more comfortable because as you are building up your bitcoin investment, you are also building up your back up funds, so you had never felt so empowered in earlier times since you have both an investment in bitcoin that is getting larger and back up funds that are giving you further confidence and comfort..

Yeah, it’s way more smarter to start small with a fixed amount like $50 a week, especially when you’re relatively new to Bitcoin and still trying to figure out their investment habits. Rather than rushing in without a plan (like some people would most likely do) it’s crucial to take one’s time to study first of all study the market, and then your personal risk tolerance level as this can make a huge difference in the long run.

The gradual increase in an investor’s weekly allocation their investment as their financial capacity and confidence grows is a vivid indication that they’re financially matured and have a commendable level of discipline. Most people feel it’s about how much a person has to invest, but in reality, it’s far from that, it’s more about how intentional, committed and consistent an investor is with their investment. It’s always better to have a solid backup fund in place as your Bitcoin portfolio continues to grow, because this gives the investor peace of mind, increases their confidence and reduces that emotional pressure that often leads investors into making poor investment decisions.

The 10 years mindset you also mentioned above is another key point that’s worth noting. The investment duration mindset is exactly what draws that distinctive line between an investor and a trader or a gambler. When you consider bitcoin’s long term trajectory and look at it for its long term store of value, rather than another get rich quick tool, you put yourself in a position where  the market volatility ceases to affect or toy with your emotions and you get to benefit more from the asset’s long term growth.
Over all, I believe your approach says a lot about what real investing should be all about.
1. Patience
2. Continuous Learning and
3. Gradual growth,
The approach isn’t something most people in the space might consider to be flashy but when you really look at it very well, you’ll be able to see that it’s not only sustainable, but also in fact the smartest way to approach Bitcoin investing.

[Shineup]

Investing in Bitcoin is not a waste of time, the value of Bitcoin is increased with things. Those who invested in Bitcoin 10 years ago, today they believe in good images, think and believe in good results by investing in Bitcoin. And you have to prepare yourself psychologically, "Can I really wait 10 years?"
This thinking is a characteristic of a person.

Some times I smiles at how time can fly especially when you are cut up with activities the 10 years in question can be like a 10 months even while profits is not guarantee within this 10 months it can still be achievable because the investment is not like a full time job I mean that you have other things doing while investing that can take away the imagination of time as a characteristics of a person over your long term investment, patience they said is a virtue, in the circular world we see politicians running for first and second tenure in office some times third tenure and the whole of this can happen in our eyes as a short period of time while it has taken lot of years, if we can only focus more on the size of Bitcoin we can be able to achieve then we can become less worried about the duration.

[ginsan]

In other words, an emergency fund is something that must be owned by anyone, especially for an investor, it would be much better before investing in certain assets you already have an emergency fund, only then have a bitcoin investment plan, financial fundamentals are important for the stability of your investment in the long run, it will not be easily disturbed if something bad happens to us on the way to holding bitcoin.

Bitcoin investment is different from other investments. In bitcoin investment, if you don't have any emergency funds on ground before you decide to invest in bitcoin, you don't need to start waiting and give your top priority to creating an emergency funds as a no coiner, because you will waste all the time that you are suppose to use to start and grow your bitcoin investment to be piling up fiat that is useless without any bitcoin investment.

This is the reason why you need to get started immediately provided you have figured out your discretionary income. It's possible to build up your bitcoin investment and emergency funds simultaneously, so why making it sound as if it's a bad idea not to have emergency funds on ground before starting your Bitcoin investment. It's possible that you may/not use your emergency funds. Bitcoin price increases overtime and delay is dangerous.

It's better to have an umbrella before, that sentence is enough to represent all of this, wise people always choose security for themselves, you certainly never know when you have an unlucky day, when you have a disaster in your life, or you lose your job so you don't make money anymore, the question is what you have to sell to keep eating and drinking for you and your family's needs, that's where emergency funds are important to you, and your investments will remain safe in bitcoin without having such urgent needs interruptions, because you can handle financial problems without selling your bitcoin.

Building an emergency fund and investing in bitcoin at the same time is possible, but still fairly risky I'm not saying that it's a bad idea, at least you already have an emergency fund to live comfortably for one month without income so that this idea can run quite safely.

[Kaliandra]

...

If the Bitcoin current price is $104,500, it is not high in my view because i can still accumulate it little by little with a small amount of money, and if i remain consistent in my accumulation, i will accumulate a reasonable amount of Bitcoin before it will be expensive or high to the level where i can't use a small amount of money to accumulate it. Know that if people are concerned about the Bitcoin price being too high for them to invest in Bitcoin, just know that they are not fully ready to invest in Bitcoin, and they are using the Bitcoin price as a means for them to procrastinate investing in Bitcoin.

Indeed, if someone is concerned about the high price of BTC, it will certainly make that person potentially not invest and ultimately fail to become a BTC investor because they are too afraid to buy. Even though the current price of BTC can be said to be high, what is certain is that in the future, the price of BTC will definitely be even higher. In the past, when BTC was at $69k, many said that the price was already high. but in reality, BTC always sets new all-time highs, eventually rising above $120k. Yes, being too afraid of the price is certainly not a good thing if you intend to invest in BTC for the long term, except for those who want to trade in BTC, who will of course wait for the price of BTC to fall first.

So, we certainly don't need to delay investing in BTC for the long term just because the price is high. However, as long as we have discretionary income, we can buy BTC using the DCA technique. BTC is still relatively cheap right now, and we should look at its price history, which has always set new all-time highs.

[Bazzu]

Initially you might get started investing in bitcoin, yet you don't really know anything about it and you are not even sure about your plan, so maybe you will start out with investing $50 per week.  You might know that you are able to invest $100 per week or more, but you start out with $50 while you study bitcoin and you study your own particulars going over your own 9 individual factors in order to help yourself to figure out how you are going to approach bitcoin.. and you might not even realize what your timeline is in the beginning, yet you might come to realize if you are investing rather than trading or gambling, your timeline is going to be 10 years or more... so you build towards that 10 years and hopefully if you do not screw anything up too much and you learn from your mistakes along the way, then you improve little by little and you are able to increase your discretionary income and later you are investing $100 per week into bitcoin and they $150 per week and perhaps you work your way up to larger numbers, but you also start to feel more comfortable because as you are building up your bitcoin investment, you are also building up your back up funds, so you had never felt so empowered in earlier times since you have both an investment in bitcoin that is getting larger and back up funds that are giving you further confidence and comfort..

Exactly what I've been doing since last season's bear market. When the market reacted positively when El Salvador first adopted Bitcoin as a means of payment, I also started some regular purchases. I didn't know about DCA before, but I used that method.

At first, I only bought with 10% of my total monthly income. I bought it every week on a holiday, usually around Sunday and Monday. As my income from work increased, I increased my weekly purchase ratio.

I was at a point where I wondered if I was doing the right thing. But I trusted Bitcoin's history of consistently hitting new ATHs in every bull market after a halving. So, even though my assets were in the red because the price kept dropping every month, I'm now proud of what I did and grateful for surviving that bear market.

Now, I've reduced my DCA allocation. However, when the Bitcoin price starts to drop or when another bear market returns, I'll increase it again. So that I have an average purchase at an increasingly cheaper price.

[Cossyblack]

If you are intelligent, you can prepare your fund and wait for corrections, drawdowns to accumulate cheap bitcoins.

It's quite funny that you think you can outsmart the market, and don't you think that by waiting for the dip, you might miss some very good buying opportunity?
What if the dip never came as expected, what will become of you?

I know that your heart is already set on what to do, but trying to convince newbies that waiting for the dip before buying and accumulating is the right thing to do is misleading, and it's even more unwise if you are a low coiner or you are lagging behind in your accumulation journey, so it's best to buy and accumulate Bitcoin regardless of it current price, when the dip comes, you may decide to buy aggressively then, only if you have the reserve funds to carry it out, so stop trying to mislead newbies investors into waiting for a dip that may never come.

I agree with you,outsmarting the Bitcoin market is not the way to go about accumulating Bitcoin. Trying to outsmart the market isn't how Bitcoin should be accumulated,rather than trying to outsmart the market which isn't possible, newbies should be buying Bitcoin through the DCA Strategy that allows investors to buys Bitcoin without trying to outsmart the market. However,if a Newbie wants to buy in the Dip, he can do so with his Reserve funds while he still continues his regular weekly or monthly Bitcoin accumulation for another 2 Bitcoin Cycles or more.

[MrNata]

]
You creating an emergency fund without any bitcoin investment ongoing doesn't make much sense to me, emergency fund is like a snail shell or like the tortoise back that protects the tortoise from getting harm, you can start accumulating bitcoin with your discretionary income and gradually be making up your emergency fund as you are buying bitcoin.

you are really funny what makes you think ithat  it is only when we have bitcoin investment that is when we are to have an emergency funds. The purpose of emergency funds is not just to safeguard your bitcoin investment. Emergency funds is crucial for everyone both bitcoin investors and non investors since emergency is not just limited to only those with bitcoin investment. As much as emergency funds is crucial for bitcoin investors so also it is crucial for everyone in other for them to be able to tackle or sought emergent situation when ever they may arise.

It's good to have an emergency fund but if an investor was unable to create any but has his discretionary income to invest with should he wait till he create an emergency fund before he can get started? Waiting might cost him alot such person will miss good buying opportunity or your discretionary which was available can use for other things while waiting to get an emergency fund, now that bitcoin is dropping price and i have my discretionary income available do you think i will wait to have an emergency fund before i can get started? When i met a good buying opportunity hai man i will get started first and then start making a way for my emergency fund, not having an emergency fund shouldn't discouraged you not to hold a bitcoin portfolio.

That Bitcoin is dropping price should not be enough reason for you to buy Bitcoin with your discretionary income before you start making a way for your emergency funds, the concept of not making an emergency funds a criteria before getting started is that both can be done simultaneously that is to say if there any discretionary income available what you have to do is to keep a certain portion of that discretionary income as part of your emergency funds while you can invest other part of it which you can choose to invest in to Bitcoin and by so doing you are already reminding yourself about the importance of building your emergency funds without negligence, yes it is not compulsory to have an already made emergency funds before starting your investment.

The way you think about investing is how investors should actually think about their investments. You are thinking about the safety of your investment at the same time, that is why you said to create an emergency fund along with investing. Maybe investors in new situations do not understand the importance of their emergency fund, but it is very important. An emergency fund will not only make your investment consistent but also make your investment safe and create a different level of confidence in you. Having an emergency fund will make you feel that no matter what financial danger you face, you can get rid of that danger by using the emergency fund, another advantage of an emergency fund is that you will not need to sell your investment at that time if you need money. There is always volatility in the Bitcoin market (although if you invest for a long time, there is a possibility of getting a good amount of profit from it), so it is our responsibility to ensure the safety of our investment and hold it for a long time.

I think such comments should be read by those people who do not think that an emergency fund is necessary.

[Hewlet]

Investing in Bitcoin is not a waste of time, the value of Bitcoin is increased with things. Those who invested in Bitcoin 10 years ago, today they believe in good images, think and believe in good results by investing in Bitcoin. And you have to prepare yourself psychologically, "Can I really wait 10 years?"
This thinking is a characteristic of a person.

Some times I smiles at how time can fly especially when you are cut up with activities the 10 years in question can be like a 10 months even while profits is not guarantee within this 10 months it can still be achievable because the investment is not like a full time job I mean that you have other things doing while investing that can take away the imagination of time as a characteristics of a person over your long term investment

If only most of us know where the price of bitcoin will be sited in the next ten years to come, then we will never show a complacence attitude that makes it look like investing for that period of time is an unrealistic adventure. even when your goal is to invest for a period of ten years for instance, you can easily break it down into intervals of smaller years say for instance, two years interval giving yourself goals you are going to meet by the end of each of those years.

make it a priority that you are going to stay invested for the first two years and gather up to a certain amount of bitcoin and then you can do it for another two years and then another and slowly but steadily, it becomes easily and absolutely possible to reach your investment goal.by the time you have covered as little as a four year period, your emotional power must have grown to the degree that you can withstand any stress that will come along the way while you are working towards your ten years plan.

[Bd officer]

If you are intelligent, you can prepare your fund and wait for corrections, drawdowns to accumulate cheap bitcoins.

It is good to buy Bitcoin at a low price, but no one can say when the price of Bitcoin will start falling and how much it will fall. However, there is no guarantee that there will be dumping in the future like before. So if you wait, you may miss the opportunity. So instead of waiting to buy at a low price, it would be wise to invest in the DCA method. If you wait now, you may fail to invest, because if the price does not fall as you expected, you will not want to invest. Now the best way is to invest regularly in the DCA strategy because if you invest in the DCA strategy, you can buy at the average price.

[Joeboy]

If you are intelligent, you can prepare your fund and wait for corrections, drawdowns to accumulate cheap bitcoins.

It's quite funny that you think you can outsmart the market, and don't you think that by waiting for the dip, you might miss some very good buying opportunity?
What if the dip never came as expected, what will become of you?

I know that your heart is already set on what to do, but trying to convince newbies that waiting for the dip before buying and accumulating is the right thing to do is misleading, and it's even more unwise if you are a low coiner or you are lagging behind in your accumulation journey, so it's best to buy and accumulate Bitcoin regardless of it current price, when the dip comes, you may decide to buy aggressively then, only if you have the reserve funds to carry it out, so stop trying to mislead newbies investors into waiting for a dip that may never come.

I really don't know what the problem of all these folks who keeps thinking that they are smarter than the market. Truth be told no one can accurately predict Bitcoin's next move.. Sure buying the dips isn't bad in itself, however it begins to look silly when folks begin delaying their whole investment simply coz they are waiting to buy during the dip. And while they are waiting for the perfect time to buy during this dip, they will end up wasting the times that they should have been using to accumulate.

[Hardyrobust]

If you are intelligent, you can prepare your fund and wait for corrections, drawdowns to accumulate cheap bitcoins.

It's quite funny that you think you can outsmart the market, and don't you think that by waiting for the dip, you might miss some very good buying opportunity?
What if the dip never came as expected, what will become of you?

I know that your heart is already set on what to do, but trying to convince newbies that waiting for the dip before buying and accumulating is the right thing to do is misleading, and it's even more unwise if you are a low coiner or you are lagging behind in your accumulation journey, so it's best to buy and accumulate Bitcoin regardless of it current price, when the dip comes, you may decide to buy aggressively then, only if you have the reserve funds to carry it out, so stop trying to mislead newbies investors into waiting for a dip that may never come.

I really don't know what the problem of all these folks who keeps thinking that they are smarter than the market. Truth be told no one can accurately predict Bitcoin's next move.. Sure buying the dips isn't bad in itself, however it begins to look silly when folks begin delaying their whole investment simply coz they are waiting to buy during the dip. And while they are waiting for the perfect time to buy during this dip, they will end up wasting the times that they should have been using to accumulate.

There people that do feel that they can speculate the market correctly without them knowing that, know matter how technically inclined they may be it won't be possible to speculate the market correctly. This idea of thinking that they can predict the market, makes investors to think that the market is heading towards a desire dip. This will makes then to begin to time and wait for the desired dips since they feel it is possible to predict the market correctly. This will leads to missing of market opportunities. It is not good to wait for the dip but we can buy the dips.

[Dreadboost]

Of course, there are going to be guys who are already thinking that their investment timeline is anywhere from 10 years to 30 years, and so maybe they think if everything goes really well, then best case scenario they might start to live off their bitcoin or to have their bitcoin supplement their expenses after 10 years, but they think it could take much longer and more realistically 15 years or more...  So this kind of a guy might already be coming to bitcoin with a correct kind of a mindset.

Surely, if he is just getting started, then his position is different from someone who has 2 years investing or someone with 5 years investing or even someone with 8 years investing.  He can monitor his progress along the way, yet it seems to me that even a guy who had merely spent the last 5 years investing in bitcoin is likely to have had seen decently good progress, especially if he had figured out some fairly aggressive bitcoin investing path... and if he did not end up screwing up too much.

You can measure a hypothetical guys progress to see how he would have had faired, and sure, even though you cannot measure future performance from past results, there still can be quite a bit of value in both projecting back and projecting forward and even plugging in various scenarios related to your own possibilities within your various projections that relate to different kinds of possible outcomes related to both your abilities to invest but also various things that the market might do.. with base case scenarios and best case scenarios and worse case scenarios.  All kinds of stuff can be done, especially if a guy is able to use some kind of a spreadsheet program like Excel.

Even in bitcoin, it can take way more than a whole cycle to start to see results, even if a guy might have had been able to lump sum and/or front load his investment into bitcoin.

Actually you have said to do it deeply. You are getting it right. The more I write your article, the better. You can discuss the time, views and book philosophy of my answer, not just the Daqien and the profit.

Actually we think of Bitcoin as a get rich quick middleman. So after investing in Bitcoin, when they do not see any big changes for a month or a year, they think they are going to waste.
But you are right, investing in Bitcoin is a kind of patience test, for them you just have to hold on and make it.
Investing in Bitcoin is not a waste of time, the value of Bitcoin is increased with things. Those who invested in Bitcoin 10 years ago, today they believe in good images, think and believe in good results by investing in Bitcoin. And you have to prepare yourself psychologically, "Can I really wait 10 years?"
This thinking is a characteristic of a person.

that is why int is very important to study what your investing in first before you start investing in it, bitcoin is a very productive investment but the results take time, you have to exercise patience someone who is a bitcoin investor,

meanwhile you can start investing with little of your discretional funds weekly until you get comfortable with the process, when you have gained good knowledge and trust for the investment you can start increasing your discretional funds for investment more than initial, and in this process you also have to check yourself if you will be able to handle the patience that the investment require, if you can't you also have to work on that as well. then when all is done you can increase your investment weekly and keep backup funds as well, in case of emergency.