Well, that could be true.
For now under $30k is my benchmark for doing DCA but it does not mean after $30k not buying.
Buying will still be done but in this case maybe I will pay more attention to conditions whether it's from some news or indeed the right momentum to see whether or not I buy there, of course, hopefully the right price in my opinion.
The difference may lie when the price before $30k I bought without seeing anything either in the chart or the increase and decrease that occurred but for after $30k I will obviously consider several aspects before buying it because it can be considered that it is a strategy that I have always prepared from the beginning.
When talking about "over did it" of course even though this is bitcoin which is definitely profitable but we don't need to do that. Even if it is possible but we don't need to risk everything on the investment made because this can be detrimental to yourself. As much as we can in setting aside some funds from the rest of our daily needs is clearly the best thing for this condition.
I don't disagree with anything that you are saying Ryu_Ar1, and maybe I do not know or understand enough about your own particular situation in order to know how you might be thinking about "overdoing it" as compared with my description of overdoing it.
Maybe we could use your forum registration date as a framing for when you got into bitcoin? which is ONLY a bit more than a year... so depending on how long you have been in bitcoin, that can affect how you might consider overdoing or even how you might consider your own future investment into bitcoin based on how much you have already invested.. including that it is quite likely that a lot of newbies into bitcoin who might have started less than 2 or 3 years of investing into bitcoin might well still not be in profits, and perhaps something around $30k might be your own "break even" amount where you are no longer in the negative. I am not sure, and I do have sympathy for anyone who might have had ONLY started investing in bitcoin in recent times, including less than 2 or 3 years and some of those people might be more in the negative than others, and likely not too many are in the black (or in profits).
Previously thank you for giving a little advice that is quite useful. Yep, in this condition I am still very young, especially in this case, I have only been involved in bitcoin for over a year, which before I was someone who could indeed be said to be against this.
Maybe this condition can still be said to be greedy in the condition you are referring to because indeed I am still trying to add to the portfolio that I have now because I have only been using this for a while.
So, in that sense, sometimes any of us who might have had gotten into bitcoin and still are in the negative (not in profits) might end up investing more than what we had originally planned and even causing ourselves more abilities to shave off some profits once our BTC holdings goes into profits... and surely it is not necessary to over invest into bitcoin, but when we talk about "over investment" there may well be a need to put such description into some kind of context in order to better understand that there are degrees in which overinvesting might be more rational and prudent as compared to other forms of overinvesting that might end up being gambling or putting way too much value into BTC in a kind of way that does not seem to be prudent.
Well, I will try to apply this and start to understand again what you mean in terms of excess because there's really nothing wrong with doing that as long as the conditions are getting better because sometimes things like this are what we can take especially when looking at my experience and clear condition much different.
Initially, my plan was to still buy, even though it was slightly reduced when the price exceeded $ 30k, but when it comes to something that is excessive, there are conditions where we have to look at several possibilities and there are other favorable situations, so it's not wrong to review what I'm planning.