Quote from: Wind_FURY on Today at 07:36:24 AM

Quote from: sushil on February 15, 2022, 06:36:26 PM

Thought so... So how can you know when you've reached a low point? Is this the lowest point in our history?

You will never know, and no one actually knows. We the plebs, and the poors can “only try” to find the DIP, but it’s important that we try than buying blindly at any price.

One of your problems Wind_FURY is that you continue to repeat your poor mental framework based on various presumptions that either you or other people (especially newbie normies) have very strong abilities to see BTC's price direction, before it happens.

Hopefully, not too many forum members are taking you so serious as to screw up their own preparations for UP because they are spending too much time believing that they are going to be able to buy upon a BTC price dip that may well not happen.

I am not saying that I know anything, even though I have been watching and practicing with BTC buying for more than 8 years....and over and over we see that some folks end up panic buying on the way up because they failed/refused to sufficiently/adequately prepare for up because they were so busy believing that they were going to be able to buy on a dip... blah blah blah.

In other words, there is some value and need to buy regularly, even if there is also some value in attempting to buy on dips, too.

Quote from: Wind_FURY on Today at 07:36:24 AM

Quote from: sushil on February 15, 2022, 06:36:26 PM

You may think it's impossible that bitcoin will ever return to these prices, but people who waited for a dip at 1400 had the same idea, and the price went down a lot and they waited for it to go down even more, and when it started to go back up they waited for it to go back down, but the price only kept going up and never saw those numbers again.

So, purchasing every dip is a fantastic idea, but it's not something you can easily do yourself without knowing when you're at the dip, implementation is more difficult than the advice. On the surface, I agree with the concept, however, I've had several failures with implementation.

My advice, find a job, and save. If you have a job, find a second job, and save more. Use that to buy every Bitcoin DIPs, but it’s your choice.

For sure, it is a good suggestion that people who are still early in the BTC accumulation stage, should be attempting to engage in various ways to increase their cashflow and their abilities to set aside money to invest in BTC. It's likely going to pay off .. especially if there is a 4 year to 10 year or longer investment timeline.

Quote from: Wind_FURY on Today at 07:36:24 AM

You can buy now, or you can buy during the next bear cycle, which I believe will start either this year or the next year if past cycle patterns are to be followed.

Again, Wind_FURY there is a bit of a problematic angle to your ongoing presumption that any bear market is going to allow for either the purchase of BTC at prices lower than our current price or that some newbie BTC accumulator is not going to be better off just getting some BTC now rather than waiting the fuck around for a price dip that may or may not happen.

Of course, there are going to be differences between different kinds of BTC newbies... One who might have already accumulated a bit of BTC, one who has some lump sum amount that s/he might be able to invest right away, variations in cashflow amounts whether a person can spare $50 per month to invest in bitcoin or $5k per month.. Those various differences in circumstances are going to affect the approach regarding how much to buy now, how much to prepare for buying on dips, and whether to employ a DCA strategy too.. which is a very powerful tool.. as I have mentioned around a zillion times.