It is people that don't understand the potential of bitcoin that will think that inesting in bitcoin for a long term is a waste of time. I am having more confident on bitcoin now as I am seeing how the price of bitcoin is increasing within the twinkle of an eye and this makes me to be proud that I took a bold step to start my bitcoin investment when the price was 25k+.
I am coming up with a new strategy that I can use to accumulate bitcoin because my regular DCA method is still what I am using, but is like I might consider to stop and hodli, when the price surges higher than 35k with the 10% that I am using or maybe reduce it. This is my first experience in the market and I am learning a lot from it.
Bitcoin must outperform stock because of its volatine nature and the price of bitcoin will keep pumping till infinity, unlike stock.
I agree with you on this mate, people who sold their Bitcoin because there was a drop in Bitcoin price and they could not get rich within the time frame they gave themselves on Bitcoin will regret their actions now because Bitcoin has increased in price in the past few days. That is why it is always good to have a good understanding of Bitcoin so that you will know that Bitcoin is not a get-rich-quick scheme so that whenever you are ready to invest in Bitcoin you will know you are in for a long term hodl before the real profit will come. The knowledge you gain in Bitcoin will guide you to adopt a DCA strategy in accumulating your Bitcoin, and will also protect you from the volatility part of Bitcoin.
Sure there is a problem with people who sold on the way down, but that does not seem to be the crux of the main kinds of problems that are likely to afflict people who are fucking around with either selling too much bitcoin too soon as BTC prices are going up and even sometimes either failing to continue to DCA, stopping their DCA or cutting back on their DCA because they are trying to play UP and down waves that may well not end up taking place in such amounts that allow them to get a sufficient amount of advantage from those kinds of plays to make them worth their efforts when maybe they just need to continue accumulating BTC without trying to play the waves.