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Quote from: Tmoonz on December 05, 2024, 04:23:27 PM

Quote from: Ruttoshi on December 05, 2024, 03:26:01 PM

Seeing bitcoin at 102k benchmark shouldn't be the reason for any new investor to start accumulating bitcoin aggressively when he's not prepared for it because I see that as a dumb idea, because if you don't have the extra funds to invest aggressively, you will end up selling your bitcoin when the need of what you want to use the funds for arises.

A new investor shouldn't be investing on bitcoin because of the price at which bitcoin is, but because he wants to invest in a long time and acquire more bitcoin for himself and save his discretionary income from inflation in the long run so that he can remain focus on his target. This is because if you are acquiring bitcoin based on the price that you expect it to reach within a given period of time, you will be disappointed and frustrated if the price goes against you. Also we should only focus on our own bitcoin investment how to grow and build it by keeping our business accumulation ongoing, than distracting ourselves on what others are doing.

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme and at such they might make wrong investment decisions and can even invest the money that is not meant for investment and may not stay too long growing their investment, bitcoin has ups and downs hence it takes those has that personal conviction reasonable enough to lead them in to Bitcoin to uphold their stand, maintain and sustain their belief, love and commitment they have for Bitcoin in all conditions whether Bitcoin is going up or coming down.

Anyone new to bitcoin still needs to get started. That is step one, and the price doesn't matter, any no coiner needs to start out by buying some coin. Otherwise they are ONLY preparing for down, which may or may not end up happening.

Can't deny for them to have doubts taking first step, but once they are already in the scene and frequently doing their accumulate and keep learning for sure everything will be worth it on their side especially if they set their mind to go for long term and just continue to accumulate whatever happens to the market.

Maybe those people waiting for dips is will not take everything easy for them since for sure that by watching the market it can create pressure them and scare their buts to take their first step on their bitcoin investment. That's why its strongly been advice that if they have funds to spend and want to became a bitcoin investor they should start right away and don't think anything that can delays them.

In fact, there is no such thing as a "perfect startup point" or "perfect time" to start investing in Bitcoin, especially for those who plan to invest for the long term holding, they should start investing now, rather than waiting for the price to dump. Many people wait for the market to dip to start investing, but after some time the price has increased further, so they always miss out on good opportunities.
Therefore, those who plan to invest in the long term through DCA (at least for 10 years), they should be start investing now, without looking at the price, and continue to buy regularly, with a long-term holding perspective and regular investment, and gradually build a Bitcoin stash through the average price of Bitcoin, which can bring you more big success than over your expect.