Quote from: franky1 on January 13, 2024, 02:27:03 PM

its called "averaging down" or "shorting"

buy the dip and hold or buy low sell high="going long"
sell the high buy the correction="shorting"

From what I have observed so far, right from when I started my crypto journey, those terms are mostly used by short-term traders, most especially futures or derivatives traders. But I wish there were other terms that better befit the strategy I talked about since it's still a long-term investment and not just shorting or going long for a short-term profit. (Don't forget you will still have to buy and hold for some years.)

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also if you look more into your "little recap of 3 cycles"
you will notice the bottom of cycle 2 did not drop below high of cycle 1
you will notice the bottom of cycle 3 did not drop below high of cycle 2

Yeah, you are right; the bottom of circle 2 was around $3k+ and did not go below the high of circle 1, which was $1k+. But for the second statement, I think your calculation was wrong.

The bottom of circle 3 was around $15k+ (November 2022), while the high of circle 2 was around $19k,which means that the bottom of circle 3 actually went below the high of circle 2, although it might not be the same trend this time.

Since the high of circle 3 was $65k+ and the bottom was $15k, if the all-time high of this next bull run becomes $120k, is there any certainty that it could not go below $65k when the bottom comes either in 2026 or 2027? (It could still possibly go below that high.).

Probably someone who sold at their target price starting from $100k to $120k can still buy in the range of $70k down.(If the price slid down below high of circle 3).