Bitcoin is above $60,000 again. Many of us almost got very excited for the possible opportunity to purchase Bitcoin below $50,000 again. Haha.
But sometimes we probably should start thinking that in 10 or 20 years, many people will look at the price of Bitcoin and they will be very sick in their stomachs because they will be asking themselves how they have missed all the price appreciation of an asset that was designed to surge because the Central Banks around the world have that never-ending policy to print money.
In other words, it might not make too much difference if you bought bitcoin around $50k, $60k or $70k or maybe even $100k.. it is all going to seem cheap..
I believe not. If Bitcoin does surge to over a seven digit valuation, then each additional unit of Bitcoin that a user purchased at discounts would truly matter.
Even though every price that one buys Bitcoin along ones phase of accumilation matters and goes on to reflect on the extent one profit if Bitcoin didn't go above 2 times to 3 times of the prices one buys his Bitcoin, if in the long run Bitcoin gets to say $300k to $500k, it wouldn't matter if you bought at $50k, $60k or even $100k At your accumilation phase. I'm sure that to some, $300k to $500k might seems unrealistic the same way $70k actually looked to earlier holders but if it does happen, buying at These range of prices we consider DIP or not DIP at this point wouldn't really matter at the time.
I understand the angle you're coming from and certainly, every opportunity that one has to buy at the DIP should be made use of judiciously but if it becomes an issue that one will get tempted to conclude that $60k is too much and wait to buy at $50k which might or might not happen as one expects, it's going to serve as a deterant to ones ability to doing DCA as planned out.