One funny (and potentially ironic) thing is that there truly are people who wait until the confirmation of the upswing in the price before they buy, and sure maybe some of those folks are just trader mindset, since it seems difficult to understand why to engage in that kind of thinking with the kinds of assets that have been confirmed to have fundamental value, such as bitcoin... since in a lot of senses, it does not even matter when you start to buy bitcoin, except maybe just buying bitcoin as soon as you find out about it, so long as you determined that you are buying bitcoin with your discretionary income
To me as an investor the only when one can only focus on the dip before accumulating, is if the folks has already, gotten far with his investment, which may stop him from been aggressive as he used to , but still some are just folks with traders mindset because only those that just want short-term profits will always waste their time waiting for the dip and most time they usually miss it because you can't just sit back, monitoring the market all day , as a human you still have a life to live outside this space .
Not really development.. but early adoption that is ongoingly building as awareness increases and price increases, the whole network becomes more and more valuable which contributes to the price continuing to go up.., so in that sense, the early stages like we are still in continues to have prices way smaller than what it going to be as it is continuing to be expanded.. .. yeah, maybe we have 1% adoption and even a lot of the current adopters may not even realize their level of being low coiners
That's true development stage sounds somehow , rather bitcoin is still on its early stage, so there's time to invest on it and hodl. Than to keep procrastinating and waiting for Bitcoin to crash (which may never happen) , so Bitcoin still early stage and those with the long-term perceptive, can still start their accumulation.
Jay's said it all, those who have to monitor the market to know whether it would drop or rise are likely to be traders who trying to embrace the concept of Bitcoin investment but are still stock with the trading mindset else why would they even be considering if it would rise or not, Bitcoin has proven to be very profitable on the long run therefore it's not something an investor should ponder about, so far the person go a stable income that would enable their investment journey go smoothly for very long period then the investor is good to go, it's as simple as that. Using the word early adoption (early stage) other than development stage is a very good point for people to understand that Bitcoin has already developed into something great since it's creation and it's currently at the early adaption period however the more people keeps buying and following it's concepts by holding for long-term then it becomes more scarce thereby causing the price to keep surging and doing greater in future.