Quote from: Makus on Today at 06:12:36 PM

Quote from: Odohu on Today at 05:37:18 PM

[edited out]

I think now is the right time for anyone to buy Bitcoin. Though the increase might look as though you are already late in accumulating Bitcoin. But the major truth is, after some months or weeks this same price would be seen as the dip. So it's either you buy now or regret not buying now in the future.procastination for years has been the greatest enemy of success, those who procrastinate always end up not achieving anything in their life because, the time they should have taken steps to becoming great, they neglected it for ignorance sake.

The only wey you'll know we are at the dip right now, is after buying some coins and watch your profit increase after some months or years. Based on the exposure I have in Bitcoin, I now see yesterday and todays price as the dip, while tomorrow and the future to come will be the best time to reap from our investment we made. So if anyone would have this same mind set, I don't think using the DCA , or any other strategy would be any problem for that person anymore. Becoming aggressive in your holding wouldn't be a problem to your emotions even when the price goes sideways because, the price to come will always be greater than the former.

What you are saying is not so obvious.

And it is always the case that the BTC price might go up, might go down and might go sideways, so sure there is nothing wrong with the idea of being as aggressive as you are able to be, but it seems to me that a person should still strive as best as he can to prepare for any price direction that can come. DCA can do that, but also lump sum might also be a good idea for those who have lump sum available, but if they lump sum everything they have then they are not really preparing for down.. but at the same time, if they have their emergency fund in place and they have a cashflow, they could lump sum in and still be able to buy regularly at whatever the price happens to be, in the event the price goes down after the dip.

There are a lot of folks who have had months and even years of down in the value of their BTC portfolio as compared to how much they paid for their BTC, and so far, these matters have always worked out in a few years at most for those who had ONLY been buying and not engaging other tools, but sometimes if they lump sum at higher prices, it could take longer to get out of the negative if the BTC price were to move against them.

In any event, there is not likely any one answer regarding what aggressive means in practice and how to apply such aggressiveness, exactly.

Yes, we have seen right around 2.5 months of the BTC price going up without any significant or meaningful corrections and we have the sense that the BTC price will not correct more than 10% at this time, but we do not know. .and we also don't know if the BTC price might double and then never come back down (which also is not a likely scenario but it is a possibility).

Quote from: Justbillywitt on Today at 06:37:21 PM

Quote from: Odohu on Today at 05:37:18 PM

[edited out]

I'm just learning about that new word today "waiting camp" indeed. They are not far from the fearful, the skeptics, the perfectionists that want to enter at the perfect price if such thing as perfect price exist. Price of Bitcoin will continue to go up and down because that is how the market is designed to worm based on demand and supply.

Instead of spending so much time on the sideline waiting when the funds are available, why not simply adopting the DCA method by buying some while keeping part of the funds for future buy, in this case one is not only waiting for the supposed perfect price but already doing something now and maximising the opportunities the market offers now. The disadvantages of not being proactive in respect of Bitcoin accumulation is just too many.

Myself I just learnt that word "the waiting camp" today from @JayJuanGee. Not only that these set of people are waiting for their perfect entering price, they also engage in drawing several lines and making meaningless predictions about price movement, sometimes it goes their way but the shocking thing is that they won't still buy instead they will start drawing another lines. At the end of the day you will find out that they have miss out the chance of buying Bitcoin and may also end up deceiving people who listens to them from buying Bitcoin. It is better to act now than to keep waiting.
[/quote]

If you waited for 2 months and now you are buying, then you still have to be careful regarding how you do it.

Of course, if you have been buying for the last 6-12 months, you are feeling pretty smart right now, and even if you have been buying for the last two to three years, you are still feeling smart as long as you continued to buy through the whole times.

The ONLY ones who might be feeling like dummies right now are those who made lump sum buys at various points in 2021 when BTC prices were higher than now, and they are just waiting for the BTC price to return to those prices so they can get out of the red.. however those who continued to buy have brought down their average cost per BTC to quite a bit lower than what their entry price would have had been, and sure maybe some of those folks are regretting that they did not bring down their cost per BTC more by having had been more aggressive, but now it is seeming too late since the price is returning higher.. at least for those people, but at the same time, they don't really have a choice. Each of us can ONLY decide what to do based on today, and we cannot rewind the clock to do what we should have had done at earler times.

If anyone getting into bitcoin today has an investment timeline of 4-10 years or longer, then surely those people should be getting in and getting started rather than waiting.. . and the ones who wait may also be similar to altcoin pumpers or bitcoin naysayers or no coiners or low coiners, but each of the categories of kinds of people is in a slightly different camp regarding why he is failing/refusing to sufficiently/adequately buy bitcoin... and the really scared ones might just want to start with $10 per week rather than starting with $100 per week, yet one of the problems of under-investing is that if the BTC price goes shooting up, then they could end up causing themselves regret because they had been so whimpy in their investment and they convert into FOMOing into bitcoin at higher prices because they failed/refused to sufficiently/adequately prepare for up when they should have had been (when the prices were lower.. or just on an ongoing basis for years and years and years, and then after a while they might see the benefits down the road. .but the benefits may well not end up happening in any kind of immediate timeline.. except maybe some people investing in the last 3-4 months might be feeling some immediate pay outs, and even those who started a year ago, they likely feel ongoing payouts because the price went up a lot in the last year, just short of 3x.. so far).

So some people do end up getting lucky but not necessarily realizing that they were lucky that the price went up, but sometimes they do not accumulate enough coins because sometimes they get lazy (in their BTC accumulation) when the BTC price is going up.