Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?
Dollar cost averaging when buying is always a good idea (DCA). You can buy regularly with somewhat protection against wild swings. You’re not wrong though in saying wealth is mostly created in bear markets. Human psychology doesn’t allow most people to think that way though.
Buying when there’s blood in the streets is the way to do it. Most people don’t have the balls though. I look at it in 4 year cycles (reflecting bitcoin halvings). Now is the time to start buying again & mid to late 2024 to late 2025 is when to sell.