To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and
our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.
Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.
Yeah that 9 factory by sir JayJuanGee was actually a big help to me too had to take my time to go through it , so is highly recommended for anyone that's new to bitcoin, especially those that want to engage in long-term holding in bitcoin. Because is due to not having good guide or knowledge that's most people most time endup Messing up with their investment (bitcoin). I was once like that going into this space without any proper guidance or knowledge. I endup with countless losses as a trader but now I'm more of a holder ( long-term Investor) than a trader.
Well we have been saying that one don't need any complex knowledge to start accumulating bitcoin which is true, but as time goes he or she is going to need some good knowledge about Bitcoin in order to keep their bitcoin investment moving smoothly.