I think you are getting something wrong here. Bitcoin is the crypto itself. Every other coins you see today were built around bitcoin. Many people only know bitcoin when they hear the word crypto. There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin. Bitcoin is the crypto currency, if you are not aware of this know it today. If he had mentioned alt coins then you can say he is referring to other coins. So @Michelle is not talking out of point when he used the word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.
We are analyzing the price change of Bitcoin, we determine when the right time for buying Bitcoin. I think it is the point of this thread.
The point of this thread is not to analyze the price change of bitcoin, just as @Tmoonz told you. The point of this thread is to buy bitcoin and hold it for the long term using the DCA strategy so that you do not want to time the market before you can start accumulating your bitcoin, which can delay your bitcoin accumulation journey. With the DCA strategy, you can accumulate your bitcoin even when the bitcoin price is increasing or decreasing because you will be buying at regular intervals.
Maybe some forget about hodling is different on trading since they think if they can wait for a dip on bitcoin then they can possibly earn a lot of profit. But they fail to realize that what if they can't find the dip that they are waiting for and they always doubt about the dump happen then for sure they would miss a lot of opportunity to buy. So instead of stressing up their selves and want to make their hodl journey successful then much better if they just forget about the trading aspects of bitcoin and they should focus to learn how they can execute the DCA method or just buy bitcoin when they feel that they are ready to accumulate for hodl purposes. If they are worried about it since they have small capital then over time for little by little accumulating for sure their balances will grow.
I know some people in my locality didn't buy bitcoin when it dropped to 20k-15k$ in 2022 because they waited for it to drop to 12k-10k$. And the irony is that up to now bitcoin has increased to more than 50 thousand dollars in their regret but they are still waiting and have not bought any bitcoin. They are still desperately waiting that there will be a black swan that causes bitcoin to plummet again.
If they are not greedy and do not put pressure on themselves, and they use the DCA strategy from 2022 until now. I bet they are making significant profits and sleeping soundly because they bought bitcoin at the most ideal price using the DCA strategy.
I wonder what's triggering the argument about bitcoin and wanting to make fast profit by all means, is this even necessary to some extend cause why will anyone think of such and wanting the price to fall. Sometimes people like this can be greedy but the mindset also matters that's why people should have a clearer meaning of bitcoin and differentiate bitcoin from other investments including shitcoins. I believe the price of bitcoin will not fall extremely low as most people think, that time has passed so they should just accept the reality and invest now cause now is never too late but comparing it to the past still hurts especially for newly investors like me.
Greed is one of the common emotions in this space mostly when it comes to investing or trading. But we are discussing of investing so let put trading aside. Many people still lack that knowledge that procastinating won't do you any good mostly when comes to investing in bitcoin. Some would belike let the price dip to certain amount before I consider investing on it. And the price endup undergoing a dip, due to greed they would want it to dip more before investing and shocking to them that may be the dip it may under go before it's (bitcoin) surge in price massively. Buying the dip and all that is good and epic but hoping for the dip always like you are the one controlling the market may lead to you missing out countless times, and also cause infrequent accumulation of Bitcoin which may lead to one having a low quantity of bitcoin (expecially those who are new in investing in bitcoin).
Keep on saying this if you are the type that is always trying to prove that you are patients in waiting for a massive dip in market before accumulating bitcoin, (when you should have exercise that same patients in holding Bitcoin) try and also use DCAing to back things up to avoid any chances of you missing out. Because waiting without having any bitcoin In your portfolio, is just waste that shows that you are not ready to invest on it. So those that have such mindset and you this forum and also engaged in discussion in thread please try and adjust such mindset and start accumulating some bitcoin in your portfolio nothing small use DCA method to build a good and mature portfolio.