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Although, one thing that I believe for sure is that as long as Bitcoin is fluctuating, it will drop and it will still skyrocket again, so what I am trying to say is that, even if Bitcoin drop now it will still rise again and as Bitcoin is dropping, it is also given some others who are yet to because an investor a chance to buy as much as they can and
hold it for dear life.
Even though you seem to be using that expression (hold for dear life) in order to talk about holding bitcoin for the long term, there are many times that the expression is not used very well, and seems to try to give the impression that bitcoin is an unsafe investment due to its likely inevitable ongoing volatility.
And, surely I believe that it is near inevitable that bitcoin is going to continue to be volatile for the next 4-10 years or longer, yet at the same time, one of the better ways to prepare for such volatility relates to position size and also relates to ongoingly buying it until you reach a bitcoin stack size that causes you to feel that you have enough.
Perhaps another thing about holding for dear life is that if any of us recognize and appreciate bitcoin is likely one of the best (and probably the best) asset that we are able to accumulate and hold, then we should be careful to develop strategies around which we either do not need to sell any of it, or if we are selling any of it, we are doing so in proportion to any of the other assets or currencies that we have accumulated.. so we should have systems in place in which we make sure that we preserve our most pristine asset (which would be bitcoin or at least should be considered as being bitcoin).
I believe that if an investor see bitcoin as what he should have and make it part of his life that he has bitcoin investment even in old age, it will be more easy for that investor to forget about selling all his bitcoin portfolio when he has reached his bitcoin target. Instead he will only be taking little profit time to time as the price of bitcoin increases over time, to diversify into other asset, just like what you use to call the maintenance level. It is investors that don't have the foresight of value that bitcoin can add to their lives in future, that thinks that bitcoin investment is only to accumulate to an extend and sell majority of their bitcoin portfolio for fiat.
If you want to prepare for the future, you likely need to attempt to figure out how bitcoin works, including if you are managing your own UTXOs, and many of us emphasize to try to maintains some if not most or all of your BTC in private wallets rather than holding your BTC with third parties. So when we are managing our own coins, we need to know how UTXOs work, otherwise we might not realize how many fees we might end up incurring in the future, especially if we end up creating a bunch of UTXOs that have low quantities of BTC.
I think that we need not be discouraged from investing into bitcoin based on concerns of present and/or future transaction costs, but we should attempt to learn enough about these kinds of matters, especially if we are sending a bunch of low value transactions and creating UTXOs that might become very expensive to spend in the future, which might even contribute to our miscalculating how much value we actually hold if it is expensive to transact in bitcoin based on limitations that we had ended up creating for ourselves.
Yea, you are right. We don't need to be discouraged in accumulating bitcoin and increasing our portfolio size because of the current high transaction fee or high transaction fee in future. This is anyone buying bitcoin in little amount using DCA weekly, should pile up his bitcoin in an exchange until it has reached from $500-$1000 before he makes transfer to his private wallet so that UTXOs will not be smaller.
Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy and not infrequently stop their DCA activities for a longer time until the price drops a lot but if we are already focused on doing consistency I think we already know what we have to do so from this it is important for those who do DCA especially if they want consistency, price issues sometimes have to be put aside first.
High price shouldn't be what will discourage any newbie who is still in his accumulation phase, as long as he is using DCA method. The only thing that should make a newbie not to buy for that week should be because he doesn't have the money to buy at that time and if he has the money next week, he can double his DCA amount to two weeks purchase.
The market is very volatile, and no one can tell the direction of the market. The market dippings but no one can tell when it will, just a news can cause that which no one knows when such news will break into the market. When a market dips while accumulating using DCA, it is still a good time to buy more if you can because such opportunities come unaware and can help you increase your savings more two times better than the times you do buy using the DCA approach. DCA still remains the best approach to accumulating bitcoin as it works for all kinds of people.
This is why it is good that an investor should have prepared himself on how he can accumulate bitcoin at the dip, when he is using DCA method to buy regularly, by saving some money aside from his bonus or unexpected funds that come his way, so that he takes advantage of the dip when it comes and use such funds to buy bitcoin at discount price.