I remembered someone commented on this thread that he is using DCA to buy and at this same time, he setup some funds for buying at what he considers as dip... I guess that is what @snowpega is doing. Like you said, anyone following this approach should be prepared not to beat himself up if Bitcoin price did not follow through as they expected.
just to mention you again by the this thing already has been discuss i think you did not read my previous So, As per yesterday discussion what i have learned that not hoping too much from market which i get to learn from
@JayJuanGee i used to think i just wait for some time to see kinda dips in market which now i think was not good for me. In this way a term, which is highly used
FOMO (Fear of missing out) we prey of it. after that what left? we have to repent of the price we just miss out TBH the same thing happened with me yesterday when the Price of Btc was about 26k500$ i was aspecting it to go about 25k800$ but what happen? Totally opposite BtC price goes up at touch to 27k200$ this is what i learn never makes too much hopes from market.
By Newton's Law of physics, a body will continue in it's state of rest or uniform motion unless it is acted upon by external force. This law of inertia also apply to humans in a way. Some people will continue to expect dips and further dips until there is an obvious sustained bullish regime. This is how some people are wired. I do not consider this a defect rather, I see it as a demonstration of our uniqueness. So, even though it may not seem realistic to you there are those who are convinced that price will dip further irrespective of it being oversold or not. What I have described is not peculiar to newbies, there are conservative old hands who still display this tendencies.
I don't know Bro what are you trying to say here you are giving the Newton's Law of physics and relating it to the virtual assets i'm not trying to point out anything like your example fit here accurate here or not like bro its digital world physics example fits more accurate in physical world i think... or Maybe i am not getting what you are trying to say.
The guarantee of a monthly cash inflow gives us ease of mind. We can think clearly because we don't need to think about our monthly expenses. Saving a portion of our wages and investing them for long-term growth gives us confidence about our future, and we think of ourselves as cleavers and long-term visionaries. When things turn against them, they think of themselves as stupid; this is human nature.
Not to use your investment (in bitcoin) when emergencies arise is a strong statement but not a practical one. When people don't have money to cover emergency expenses, they tend to sell their assets. If you are investing in bitcoin as a retirement plan, then you should not sell it, but in times of emergency, your senses will tell you to sell it.
I would say if you are thinking for long-term and Also doing BTC accumulation its good idea. in case if it is me who is doing BTC accumulation i would never withdraw my BTC until i reach my planned goal. I think this time is very smart we also need to smart as we know this is the time where alot of people having good cash inflow by doing from different kinda online jobs and physical jobs as well.
they just need to prepare themselves to overcome their emergency situation somehow So that they need not to withdraw their accumulated BTC in the form of funds as emergency situation.