Quote from: JayJuanGee on Today at 04:14:44 AM

we have chances to make up for our lesser resources by employing prudent and reasonable strategies, and not devolving into gambling techniques by over extending our budgets or taking unnecessary risks.

that's a welcome idea, many fall into a trial by error idea, some lack the proper planning strategies, some cannot even lay priority right in differenciating between wants and needs, quite alright bitcoin has it own pattern that needed to be learned, it's not all about making just an investment in bitcoin, but the strategy use, timing, speculation on price and the investment plan adopted, that's why lots of efforts are needed to safeguard the decision made to invest on bitcoin, those whales we are seing aren't just pulling out their funds in buying, they follow due plans.

Quote from: JayJuanGee on Today at 04:14:44 AM

Personally, I believe that Dollar cost averaging (DCA) is the best of the accumulation techniques that does not depend upon price, even though you are able to purchase more BTC when the price is down, but you can never really know for sure if the BTC price has reached its bottom.

DCA can be supplemented by buying on the dip and lump sum investing, and sure there might be reasons to consider holding some money back to buy on dips

using dollar cost averaging technique is also a good way one can adopt when considering buying with a strong hand as said earlier, there are things that just don't happen on a neutral level, it has to be from the effect of our influence and contributory efforts, just as JayJuanGee said, one can leave another fragments of funds behind just for in case of buying the dip.

Quote from: darkangel11 on Today at 08:09:36 AM

Quote from: altefritzbitz on Today at 06:54:06 AM

Almost everyone who enters the space, comes in at exactly the wrong time. Generating interest in no-coiners after they've been reading "Bitcoin 70% crash" in all mainstream papers (remember they probably still trust mainstream news reporting) is literally impossible. It takes about a year of solid reading and listening to understand Bitcoin enough to be able to HODL during a crash like this.

I had a completely opposite experience which is why I cannot agree with you. I came here after the 2014 crash and it was the bear market that made the news at the time and got me interested. I did not see it as the end but an opportunity. We can't generalize. In every bear market some people will be scared and others confident. I also don't think we have to lose money to learn. Many Bitcoiners especially those who mined in 2010-2013 were never at a loss.

The real truth here is that both the bear and bull time are good point of entry but what determines the difference is your own personal interest and plan or let me say strategy to use, if you're investing onna long term, definitely buying the dip will be advisable, but if investing on a short time which is common to bitcoin traders then one can take an entry point even when high, they can predict more high and realise profit but withing a short time range.