Quote from: JayJuanGee on June 21, 2024, 05:17:18 AM

Quote from: Richbased on June 20, 2024, 10:39:59 PM

....... so someone who has been waiting to see a real dip before they buy must has probably missed out. For example when the price of Bitcoin was around $35k, and an investor who wants to come in sees that the price was high and was waiting for it to dip between $20k to $25k and while waiting they discovered that rather than dipping the price tends to be increasing more and at last the price now got to this stage it is now don't you think that such investor would have lost interest and decides not to buy at all and that is the more reason why every price of Bitcoin is a buying point because you can't predict the outcome of the market easily since their are so many things that influences the market before it either depreciates or appreciates in price.

Your example is not even good - even though it might partially address your own situation in terms of your getting into bitcoin (at least registering on this forum) in the middle of 2023.. .so there could have been guys, like yourself, who hesitated during that time, rather than just getting in and just investing into bitcoin regularly in spite of the price.

A similar thing can be said for the guy who came to bitcoin in early 2022.. and sure the bitcoin price dipped for most of 2022 and did not recover a lot in 2023, yet all of that time of 2022 and 2023 would have had been great BTC accumulation times.. and yeah, I am not even presuming that any guy would have had the ability to lump sum or to front load his investment into bitcoin in either 2022 or 2023, but those would have been great times for front loading into bitcoin too.

I think so much in this thread, we are trying to not necessarily presume that any guy is going to come into bitcoin with any kind of an ability to lump sum or to front load his investment, so the guys who are able to do that mare more likely exceptions rather than being the more typical case in which a guy has to just get started with what he has in terms of figuring out how much disposable income that he has and how much of that disposable income is he going to be able to dedicate towards building his bitcoin portfolio and perhaps other aspects of his cashflow and cash reserves.

Quote from: JayJuanGee on June 21, 2024, 05:17:18 AM

Yep.. This does seem to describe the more typical and most likely newbie investor into bitcoin.. who just will be starting with whatever situation that he has and then perhaps being able to adjust his strategy to be able to become more aggressive in his bitcoin accumulation (investment) in the future based on perhaps learning better about his cashflows and also perhaps being able to either increase his income or to cut some of his expenses.

The thing I regret The most is not investing on Bitcoin when I had the opportunity to do so many years back, when they told me about Bitcoin I felt it won't grow any further so I never wanted to invest on it, as time goes on I later found out Bitcoin is still growing and waxing in size I regretted deeply and I started wishing I could turn back the hands of time But I'm happy I have started the journey.
A lot of people also delayed there investment trying to know everything about Bitcoin before they could invest I'm not saying is bad trying to gain knowledge about Bitcoin but is better you get the basic knowledge and then start your investment after starting your investment you will start knowing more and gaining more verse knowledge on Bitcoin, before I started my Bitcoin journey I tried as much as possible to gain the basic knowledge about Bitcoin then I started my investment now I'm gaining more knowledge and still accumulating more Bitcoin using the DCA strategy.
Very soon I will be aggressive in my Bitcoin accumulation journey and also take advantage of any dip that happens that's why I'm trying to make my emergency, reserve and float funds very strong so will not have to worry about anything.
Any kind of strategy one is using to accumulate Bitcoin be it lump sum, DCA strategy, etc and we are comfortable with it then is fine but let's always remember to build up our emergency, reserve and float funds in other to secure our investment. For my follow newbies get the basic knowledge and start your accumulation journey with time into the investment you will know everything with experience and you know what they say experience is the best teacher.