@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.
Yep.. lots of people, institutions and governments will be trying to copy some version of what MSTR is doing, and those people, institutions and governments who employ a waiting rather than acting strategy are likely going to end up in a worse off position as compared with those who had been acting.
IMO some of this institutions and governments hadn't realised the potential of bitcoin or were very sceptical about what bitcoin would become even in the last 15yrs, some may have had it figured out when to buy but the mere fact that bigger players has not been into bitcoin investment they pretend not to see the benefits of entering into bitcoin investment. And of course this will or may cost them alot in a long while as MSTR has a better vision of bitcoin. However delay (procrastination) is always an enemy to success and it doesn't just apply to individuals including institutions and governments.