Part of the problem and dilemma for the newbie bitcoin investor is that they do not have a choice except to buy if they are wanting to be prepared for UP prices that might happen.  Waiting does not prepare the newbie and/or the low coiner for UP. 

I doubt that it should be important for any newbie to give too many shits if they are reinforcing the value of bitcoin or getting confirmation of the value of bitcoin, even though surely even newbies get excited when the BTC price goes up, even though they might not have even close to enough bitcoin, especially if they are new and also many people are ONLY capable of investing small amounts each week, so it tends to take a long time for them to accumulate a decently good sized bitcoin position, so those folks who don't have a large budget would most likely be more advantaged if the BTC price did not go up so much prior to their exercising their abilities to buy bitcoin, yet bitcoin does not stop for anyone, so newbies are still stuck with the dilemma of having to buy on the way up, which they might have had been better buying on the way down, yet the BTC price may well not go down, so it is likely better to buy and continue to buy rather than to wait for down that might not end up happening... also ongoing buying likely puts them into a better mindset, especially if they expect that they are going to be buying for at least one whole cycle and perhaps even a couple of cycles before the might start to be able to feel that they can start to slow down in their BTC accumulation practices and process.


One of the potential disadvantages for normie newbies is that they are ONLY able to accumulate BTC at their own pace and within their budgets, and so in recent times, there are more and more folks who are buying up large quantities of bitcoin which is going to disadvantage normie newbies who fail/refuse to get started and/or fail/refuse to be somewhat aggressive in their BTC accumulation practices.  An overwhelming quantity of the world's population - perhaps even in the ballpark of 99% do not realize that they are being disadvantaged by their failure/refusal to get started in accumulating bitcoin, and so those who are not accumulating now with persistence and consistency are likely going to be disadvantaged in the future, and surely there are quite a few people who are not going to even be coming to bitcoin this cycle so they might well be just getting started 4-8 years later, so those of us who have either been accumulating and/or mostly holding onto our BTC are going to be advantaged by either starting now or continuing to accumulate and/or hold onto the BTC that we already accumulated now.


Surely bitcoin has some attributes of a Veblen good, which means that it becomes more attractive to buy the higher its price goes.


It is dumb to be trading such a valuable asset like bitcoin, especially if you have goals to accumulate more of it rather than getting dollars that may or may not even hold their value.. Of course, we already know that dollars do not hold their value as well as bitcoin, even though in the short term it can be a bit confusing as to which one might be more favorable to hold in the short-term.. .yet at the same time, part of the rationale to not get caught up in short-term thinking in regards to bitcoin is to perhaps recognize some bitcoin attributes that cause it to be amongst the best (and actually probably the best) of the long term storages of value, sound money and/or the one that is not going to depreciate in value especially over the longer time frames, but hey whatever people are going to do what they are going to do when it comes to trading the most pristine asset so far known to man.