Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH
Exactly, deep down I didn't wanted bitcoin to hit $80k fast before the halving, so that would be able to purchase more as the price still which will give me some good quantities than buying when the price high.
Why not? isn't a good thing for the crypto market if bitcoin were able to hit $80k faster? I mean, If you truly been DCAing since, you won't gonna be worried whether bitcoin pulls back a little bit to make another buy or not. It is true that every bitcoin correction could be a good opportunity to buy more, but everyone who have been DCAing might as well be ready during bull market and not gonna be worried or FOMO because they have been too ready for it to happen. So, people who've made a good bag only wish nothing but for bitcoin to hit 6 digit mark the sooner the better.
We all know that when bitcoin halving comes it's gonna be a good time to reap what we sow at some point during bullrun, so I assume you've made enough bag while DCAing, but nevertheless, $62k at current price is still somehow a good buy as well.
You have been in bitcoin for two full cycles Oasisman.
You should not be assuming that anyone who has been in bitcoin for less than a full cycle has had time to stack up on bitcoin.
A lot of guys participating in this thread have been in bitcoin for less than 2 years, including I_Anime, and even if they had been in longer, sometimes it can take a while for members to even figure out that it is good to stack bitcoin aggressively, and sometimes even if they know, they might not have the capabilities to stack bitcoin aggressively, so sometimes it can take a while to put themselves into a place in which they are actually able to stack BTC aggressively.
I also frequently proclaim that any brand new investor would be lucky if they were able to stack several years of income in less than 10 years because frequently even fairly aggressive investing of 10% or more of one's income might barely get a guy to 1 year or income stacked after 10 years, and sure bitcoin can short-cut some of the necessitates to stack as much, but guys still have to get some level of front-loading of their BTC investment in order for their investment to start to have potentials to really pay off.. and so other words it can be a long process..
And with you coming upon nearly your 8th year of registration on the forum, at some point you might have come to realize that stacking takes a long time, unless you ended up comeing to your BTC in a fairly aggressive way straight from the time of your forum registration.