I think more time to accumulate will occur this year though it seems we wont be going back to the lows of the year, thats been rejected a few times. I do think it takes some time to get past 70k and properly move beyond. The real time to buy was either in the teens or when we were rising from there, it required more confidence to do so. Right now we've been stuck in a range for 6 months, most tempting thing is to buy the lows of that range and sell the highs hence it repeats.
It really seems you are getting the whole idea in this thread wrong, I am talking of the words I made bold in your statement, it's actually true that the price of Bitcoin has been in a range for quite sometime now, which is very much visible for all to see, but this your buying low of that range and selling the high once it repeat is actually for traders, not investors like us.
is the notion wrong just because this thread says so? The idea of having any form of thought of buying and then selling at any profit point is a wrong notion and without overemphasizing it in this discussion, any long term holder or a serious investor should know that you don't just sell your holding because you've witness or slight profit and having that kind of mentality would only stagnate your investment stack or render it unprofitable.
I think more time to accumulate will occur this year though it seems we wont be going back to the lows of the year, thats been rejected a few times. I do think it takes some time to get past 70k and properly move beyond. The real time to buy was either in the teens or when we were rising from there, it required more confidence to do so. Right now we've been stuck in a range for 6 months, most tempting thing is to buy the lows of that range and sell the highs hence it repeats.
honestly, there are a lot of things with what you've said here that I can refute and that doesn't seems correct and somehow, it seems you've not done a thorough analysis on how far Bitcoin has come overtime and you've not considered that to a large extent, we've been at a bull for a while not with minor corrections few times a long the way. That we're at a range of price between $50k to $70k doesn't mean that it's not the best time to buy. Remember that at the time when Bitcoin was at $10k that you're talking of, a lot of people where probably as skeptical as you are and feel that it's reasonable to buy at some produce because they might have thought that $10k was too high to start buying. That's the basic issue with short term investors who don't want to look at Bitcoin below intervals of few months or years. I haven't been long in this space but I've seen Bitcoin climbing from the $30k range to this $60k range and and with the little I've accumilated, I've seen a slight profit that I can do some mathematical analysis to get an encourage on what will happen if I continue DCAing for a the next four years. The fact is that with time, these range of $60k we've seen will with time becomes prices we will never see Bitcoin getting back in the future so it's just best to keep buying and never get discouraged that buying at even $60k is too much.