[edited out]..Now if you are mixing your actions by buying and selling (in other words trading) then that is another story, but if you are strictly buying, then you have a dynamic that either your holdings are continuously going into less and less profits (in a bear market) or you have the dynamics that your holdings are increasingly in profits (in a bull market).
I highlighted a paragraph out, I've not been mixing strategies, I've been buying but I always thought we have been in the bear Market and I have also expressed myself in terms if us beign in the bear market but right now I feel my perspective of what a bear market or bull market is shattered, so I think it would be fair if I could explain more about it.
I already explained and probably overly explained, and so you need to think in longer timelines. In essence, we have been in a bull market since November 2022, and I give little shits about what others say about the various corrections along the way. The market does not change back and forth.
on the other hand, we could fairly assess that we might not have had realized that we were in a bull market until either mid-2023 or even as late as October 2023, but surely at some point, we would have or should have realized that we were in a bull market rather than a bear market since November 2022.
Bull market is that the price is generally trending up (even if there may well be short or long periods of corrections in between).
In other words, you cannot be flipping back and forth, and clearly even if we were in a correction in December 2023.. who gives any shits.. we were still obviously already in a bull market, even if there was a correction.
This is what I have understood from your explanation, if the price of bitcoin is going up or generally gaining value even if they seem to be corrections and what seem to be temporal dips when the price drops for a certain period of time and begins to add back again, and if we are looking it from a longer time frame and we notice that the movement of the market is upwards then it us a bull market, and also the same for a bear market when the price is generally moving downwards.
I think why I have always misunderstood this concept was because I was looking at it from a shorter time frame and getting confused due to temporal price correction and I was also thinking or assumed that when ever a dip occurs it was a bear market. I never knew that the market doesn't switch from bull to bear from time to time but rather stays on one trend for a longer time frame.
But I remember that it's good to have senerios or possibilities in short time frame and also longer time frames, where i could plan a set of different possible outcomes that could happen and prepare ahead which I've always been doing for a while now, but before now my focus has been on short time Frames without making preparation for a longer time frame.
Of course, any of us still wants to try to minimize his cost per BTC, but there is ONLY so much that we are able to do about those kinds of things, especially if we are new to bitcoin and still building our stash...
I just don't want to bother much about my average cost now even tho I'm quite afraid that I might be buying at the highest price points and its possible for the bear to set in any time soon, but I know neither of these is my business cause I'm still quite early in bitcoin and I know that maybe over the years it's possible I could balance out my average cost or maybe bring it down a little bit lower as long as I'm consistent in my buying.