I have seen many reasons why I will not spend too much in this Christmas and new year season, so that I will have funds to buy bitcoins and hold for long term because what my two eyes see in this bull market that made the price of bitcoin to cross $100k, it make me to believe that the price will enter another high price in the future that will create more opportunity for holders to earn more income from bitcoin, Since the price has started reducing from $102k to $100k, I think it will reduce more in the future for the price to enter $20k again, for majority of people to buy as much they want and hold till bull market.
Cutting expenses on material things that are just wants and not necessity are serious a way to financial freedom through investment. In as much as I wouldn’t advise you to deprive yourself some necessary things it good to cut cost and invest into bitcoin for a long term as this has proven in the past that it can do numbers. Investing in bitcoin is a little bit tricky when you try to find a low. For some they mis out on some good positions to invest into bitcoin waiting for more dump that’s why it is usually advisable for all newbies to stick to simply DCA.
Those who wait for perfect position to buy are those with some good hold already and can afford to actually miss those positions. For someone new buy when you have money and DCA because there is no perfect buy position. For me it is better you don’t wait for $20k price because it could take like 2026 to come by and even that isn’t guaranteed considering how high the price is at now, but we can’t still rule that out because it once came back to $16k but one needs to do DCA because the perfect position one need is today’s price