Hard to know.
might never happen again, or maybe it will?
I am not going to proclaim to know, but like you suggest, it does not hurt to buy such dip, just in case such price levels never comes back ever again.
Sounds bearish dude, bat slappenings! might never happen again, or maybe it will?
I am not going to proclaim to know, but like you suggest, it does not hurt to buy such dip, just in case such price levels never comes back ever again.
Or at least less bearish.
Think about it.
You are saying $65k might not happen "for a while," and I am saying that $65k "might never happen again."
My statement is more bullish than yours..
nanu nanu.
. This might sound selfish in a way but that is just my wish because of my targets. This weekend I'm expecting my salary and several annual allowances including profit sharing, 60% of which I want to invest in Bitcoin through lump sum buy even as I have my DCA method still running smoothly. So, the lower the price of Bitcoin, the better for me because I will be getting more Bitcoin with my investment than I would get when the price already surges. Nevertheless, whatever be the price I do not really care because I'm not looking to sell anytime soon. I may be bullish on the long run but for now I want a little retracement to enable my orders get filled at decent prices. From my empirical point of view, i think you might be having some kind of misconceptions about the idea of the lump summing but you can correct me as well if am wrong, my point is that, the idea of lump summing as a strategy completely has nothing to do with the price point because you are making purchase right away with the lump sum amount that is made available for investment irrespective of the market conditions. Your narratives are more of emphasizing about buying at the dip rather than a lump sum buying.