Perhaps what is even the need of always waiting for the dip before accumulating when you that even if the price of Bitcoin dips we cannot even accumulate a reasonable amount of Bitcoin due to how small our investment portfolio is
Funny how you concluded that we are all small fries; seems you don't believe someone of the participants in this discussion can actually could actually be holding a huge portfolio. Well, I doubt if there is any MicroStrategy investor here, so your point is noted.
The ATH of Bitcoin is $69k and price is still below this price. Until price breaks this high, we are still at a good price to buy. At $35k, Bitcoin have offered 50% discount to anyone who buys now; this is simple mathematics. Whenever there is any bull run, the first target will be the ATH, this will already put those buying now in 50% profits.
Your math on the way down is correct, but your math on the way up is not correct. Let's look at it.
ATH $69k,
Current price $34,500 - 50% drop in value from ATH - however, ATH = 100% increase in value.
That is ONE of the interesting things about math including the non-use of leverage, the most that we could lose is 100%, but there are a variety of scenarios in which we could end up making more than 100%, which has already happened multiple times in BTC's history and likely to continue to repeat itself.
I'm surprised how this maths beats me; even simple logic would have made me realise this mistake but I was thinking in one direction only. Thank you @JayJuanGee for the correction.
When price returns to the ATH, which is likely happening any moment from next year with other things being equal, it will actually be a major kill for those who would buy now
Anyone who bought BTC below $17,250 made at least 100% when BTC prices went above $34,500, even if they may well chose not to cash out much if any of their BTC, then they end up having options, but they also start to experience more and more the power of exponential growth (and the power of compounding).. because the next doubling, if it ends up taking place to $69k, would end up causing the one who bought below $17,250 to have at least 3x in profits and 4x the original amount.
This is a testimony to the fact that Bitcoin has enormous potential to change someone's financial fortune within a short time. Within a space of five months, Bitcoin have given 100% profit.