... yet we still should attempt to try our best in terms of attempting to figure out most likely scenario and then various extremes on either end.. and even if we might try to prepare for both the base case scenario and the extremes at the same time, we should attempt to moderate our approach so that it becomes less and less and less likely that we end up getting reckt, even if there might be some scenarios that are more advantageous for our own situation.
I like what you have said so far. While thinking about long term profits we ought to balance our optimism by cautiously safeguarding our investment towards unforeseen factors that may present themselves in the future. Its not gonna be an easy journey to all investors. Since we are in for the long term benefit we should also have in mind that its not all about the money but also how to preserve it till that period. One good way we can help preserve our Bitcoin is by having a realistic expectation and making impulsive decisions.
People look at the value of Bitcoin for a number of reasons. Paying attention to the Bitcoin market does not mean that recruiters sell Bitcoins. Checking daily prices means finding a very good time. This reduces the stress of long-term holders and increases common sense and motivates them to invest in Bitcoin, as well as they can relate to market dynamics. Bitcoin market is very volatile in nature, it can go up in a short period of time and fall in an instant.
For people who like to Buy the Dip and Hodl, I think they will not be too affected by the very volatile Bitcoin market conditions because in the end they can also be very happy when they see the Bitcoin price almost touching a new ATH level again at the end of this year. We can all imagine how happy those who are still holding Bitcoin until now who may have bought it at a lower price at the end of last year are. And I think for now there are not many people who are stressed except for people who have already released Bitcoin into the market in large quantities at a slightly lower price.
Last year December i was lucky to bought at 24k, while i was trying to convince a friend to join me but it seems to big for him then and he was waiting or a lower price. This made me came to a conclusion that anyone who is declines to start their investment with so many excuses does not really want to invest in Bitcoin. DCA has giving privilege's to those who can barely think of buying bitcoin even of they save up in 5 to 10 years. Back then i didn't know about the strategy but i was able to go in with 1k$. Not until i knew and understand how it works i started dcaing till date.