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You can disagree it's your right to agree or disagree with something. My view is that if someone hasn't bought Bitcoin yet then why buying first Bitcoin at ATH. One can wait for price to come down. There is bright chance that if someone buy Bitcoin at 100k then his investment may struck for longer duration. It's rule of market that price always comes down after a massive increase in price. 100k is best value Bitcoin has achieved so far and defiantly it will go down from here. That's why my point of view is that those who are new to Bitcoin must wait for price to come down and there is nothing wrong in waiting for next DIP.
You are wrong MuffinMaster.
Waiting is not an investment strategy because it ONLY prepares for down, and does not prepare for up.
How can you prepare for up if you don't have any coins?
By definition a newbies does not have any coins, so if he is waiting, he is ONLY preparing for down, which may or may not happen. That is not investing. That is gambling.
This is a very straightforward explanation that everyone should understand. Do you want to be FULLY prepared or not? Full preparation is semantically much closer to the term "strategy" than half preparation. I like that.
Maybe someone like MuffinMaster should ask himself whether he would be willing to short BTC at 100k as much as he would be willing to buy. If his conviction is that he would short, then have fun doing it. It is not investing, but if somebody is so convinced that BTC will come down again, then why have the trust in BTC in the first place?
While I can't verify the information, there have been bad stories about people trying to short BTC and I believe there are countless of stories that we will never hear about when someone lost it all. Nobody likes to be a loser, but in this case it was of public interest as he used investor money.
People should at least have a minimum understanding of expected value considerations. If I put in $1,000 and leave it at that, the downside is already known. In a worst case scenario it is $0. Can I handle $0? Yes, ok then why not get into BTC today. This doesn't even consider a DCA strategy. The interesting thing about BTC is that the upside is literally unknown although some guys perhaps have a better understanding of the potential that is still there than others. But those people are unlikely to follow the chart all day long and then derive their decisions from that. They rather see the bigger picture.
Even a low coiner should probably not be waiting, since by definition a low coiner would be someone who has assessed himself to not have enough BTC, so again, if he has assessed himself to not have enough coin, then he is in a similar position as the no coiner in terms of getting additional coins, and should be buying in order to prepare for up rather than waiting for down that might not happen. Of course, a person with coins has more options depending on the number of coins that he has, so a person with more coins may well be in a more logically consistent position to employ some waiting as compared with a person who may have had assessed that his coin stash is way too small, and that person may with an assessment of a way too small coin stash is likely going to be better off to just keep stacking and not paying attention to the BTC price, perhaps for a cycle or two.
Another problem with waiting as an investment strategy is that it puts an investor into a wrong state of mind. In essence, an investor into bitcoin should be buying on a very regular basis, perhaps weekly, so that he is consistently stacking BTC for perhaps a whole cycle or a whole cycle and a half, and then he can reassess at that point, in regards to his 4-10 year or longer investment.
Of course, if an investor is able to front load his investment, then at that point he might supplement his investment by buying on dips.
It can take a long time to build wealth and to give investors more options, so if someone had been investing on a weekly basis for more than 4 years, the earlier purchases are going to be older than the later purchases, so that is another risk of spreading out investments, yet most people do not have lump sum investments available, and the most practical thing tends to be to build a bitcoin investment over time, even if a person is going to front load his investment, he still might take several months, or even a year to establish his stake in a front-loading kind of way.
I am not opposed to the idea of making weekly buys, and trying to time those weekly buys for dips during the week, even though in the end it might not make a really BIG difference, and surely there may well need to be a commitment to buy a certain amount of BTC (spend a certain amount of fiat to buy BTC), even when there can be attempts to buy the dips within the week too.
I still think that lots of no coiners or low coiners are stuck with the idea that it is either about all in or staying away.
@MuffinMaster if you were to buy $1,000 worth of BTC for every $5,000 in BTC price loss, do you think you would have made a mistake when it goes down all the way to $50,000 or not? You could do the same for every $5,000 it goes up again and use that as a fixed rule. You can see what the effect is when you look at MicroStrategy. Waiting would have cost them money for several reasons: BTC is fixed in supply, waiting can be costly because you may miss out on price gains and you give others time to pursue their strategy to build whatever amount they are aiming for. MicroStrategy understood that very well and waiting was no an option for them as they have a huge strategy in place.
Now the normal guys can't be compared to a company like MSTR obviously, but MSTR is competing with big companies themselves. I think MSTR considers every price a dip for the time being, if you know what I mean, and they are not done yet.