Quote from: Ricardo11 on Today at 05:31:35 AM

Quote from: Zackz5000 on Today at 03:47:57 AM

Quote from: Wind_FURY on October 07, 2024, 05:28:16 AM

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.

You just hit the nail at the head those that stop accumulating Bitcoin now will definitely regret not accumulating Bitcoin now because they believe or think that the price of Bitcoin is high now will definitely miss out the opportunity of accumulating enough Bitcoin believing it's price will go down but might keep on increasing in price.

Procastination is never good when it comes to Bitcoin investment I will buy next month not this month that is how the opportunity of accumulating more Bitcoin is passing by the best is to start accumulating Bitcoin now regardless of the price level on continue to hodl because BTC will definitely do well in the future, with the DCA method of accumulating Bitcoin one can buy little by little either weekly or monthly and hodl than waiting for the price of Bitcoin to drop before accumulating Bitcoin.

All these people get lost Opportunities because of their stupid thinking, because there is no guarantee that Bitcoin will go down again, They will miss this opportunity now and regret it later. There are many investors who make this mistake, they wait for bitcoin to fall and then it rises and then they only regret it, and those who indulge in such thinking today will regret it in the future. They will only lose opportunities but never invest at the right time.

The price of bitcoin will decrease next month, or the price of bitcoin will decrease after the next 15 days, or if the price decreases a little more, then I will invest, such thoughts are very dangerous, they should refrain from them. As a result of this they will always only lose opportunities but never invest the right time. They only need to focus on DCA, DCA strategy is always the best effective strategy, in this strategy an investor can literally invest any amount of money within his ability (without waiting for bitcoin price to drop) on a weekly monthly basis and will definitely profit in the long run.

These are the thoughts and words of a trader, not a bitcoin investor. It is appalling that some people that pose as investors still possess trader's mentality to a great extent. waiting for the price to dip before accumulating bitcoin is a trader's instincts, else how do we explain trading apart from waiting for the best opportunity to enter the market in the right price position and possibly exiting when short-term gains are achieved. You can see the correlation between such mindset and trading mindset. It is high time people give up on the trading mindset and pickup investor's mindset which is aimed at accumulating more stashes of bitcoin and targeting at accumulating a definite quantity of bitcoin instead of just focusing on the pricing as determinant factor for accumulation.

Dips are rare opportunities to accumulate more bitcoin at low prices when it presents itself. Waiting for it entirely is a bad investment practice and you can miss out on accumulating good stashes of bitcoin and increasing your portfolio regularly. One funny thing with hoarding fiat and waiting only for the dip is that you might end up spending the money on frivolities and not finally actually buying bitcoin with it.