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.
The truth is nobody can actually predict what will happen next in bitcoin price. Only what we know is the present and we shouldn't bother ourselves much about tomorrow, what the price will be. Everyone has the has the right to speculate about bitcoin price in the future, it's left for you to listen to them or not. But how I do my things, I don't really bother about things that doesn't matter at the present. Why bother what price will be tomorrow when one hasn't really maximize the opportunity we have today. One thing in bitcoin investment is to be open minded and brace yourself up for any market condition.
And this is the function of running a DCA strategy because the price of Bitcoin is not easy to predict in the near future, but in the long term the price of Bitcoin will rise even if there is a decline.
Doing DCA doesn't require thinking about what the price of Bitcoin will be tomorrow, the day after, and so on and all it does is keep accumulating Bitcoin whatever the price. And with DCA we can minimize investment risks due to erratic market movements, and no one can predict Bitcoin prices accurately even if they are experts.