If you want to invest properly, don't rely on the market situation but rely on the money you have because when you have money, then at that time you can buy bitcoin. Don't look at the price when buying Bitcoin because Bitcoin is quite limited to only 21 million coins. So just buy it whenever you have money and apply time to start investing Bitcoin with DCA.
There are many proverbs, but not all of them are proven to be accurate. It all comes back to each individual if you want to change your fate, then change it by choosing bitcoin for long-term investment.
That is for long-term investment and I think it is not effective either, it would be better if we see and wait for the right price to enter even though the price of Bitcoin is always moving and different but at least there is a point where we wait for a low price in between when we have the money.
Waiting is a dumb BTC investment philosophy, especially for a newbie who either has no bitcoin or does not have very much bitcoin. Sometimes the BTC price does not dip, and we know that historically the bitcoin price has tended to go up a lot, so amongst the best of investment approaches to bitcoin is to get started buying right away. Sure once you have some you might be able to wait.. but even then, there are a lot of folks who don't have even close to enough BTC, so waiting does not tend to help such a person to get more to prepare for up.
To invest using the DCA method is quite good indeed but we also have to be able to maximize profits by entering at the right time.
That is not correct. If you really are an investor, then there is no need to be fucking around trying to figure out the right time to enter into bitcoin. Just get started right away and buy frequently and at whatever price.
Sure if you spent several years accumulating bitcoin, then perhaps at that point you have stacked enough bitcoin that you have the luxury to wait around for a dip.
Otherwise most people, especially beginners, need to get started investing rather than trying to figure out if the price is low enough for them or not.
For example, right now, the price of Bitcoin is soaring, so if we already have money it would be better to wait a few and enter/buy when the price correction has occurred.
You are preparing for down rather than up.. how is that going to work if you don't have any BTC and the price goes up rather than down?
Yes, I agree with that saying, Buy Bitcoin and save it for the future then your life will change later.
Waiting still is not a good investment strategy if you are wanting to accumulate BTC. But hey, you can do whatever you want, and hopefully most people don't follow your suggestion, especially since an overwhelming majority of people in the world do not have any BTC or alternatively even if they have some, they don't have enough... so hard to get BTC or enough BTC if your philosophy is to wait rather than buying regularly.. even if you might ONLY be able to buy between $10 and $100 per week.. It seems better to do what you can to buy regularly when you don't have any or you don't have enough.