Just of recent I met a guy that said he is waiting for bitcoin to dip to $35k before he continues accumulating which is very wrong.
who would even think about that right now, has the person check Bitcoin recently to see the price?, perhaps you should have explained to him that he might be waiting for even $20 years time and the price will not even near that $35k, sometimes is very easy to tell if someone is just bluffing about Bitcoin investment because he was just pretending that he will invest when deeply he is not and I cannot see why some persons are hating themselves for starting now instead of earlier and your friend is talking about waiting for $35k when Bitcoin is swinging $90k to $100k plus, it actually called for a big laugh and perhaps those speculators must have whispered him such thing before concluding on that.
For this reason, understanding the issue of Bitcoin investment must be studied properly. Because basically waiting for the price of bitcoin to fall to make a purchase, I think someone who does this habit is more suitable to be called a trader rather than an investor. Because in my opinion, people who have thoughts like that are most likely people who want to make big and fast profits. That's why I say people like that cannot be said to be true bitcoin investors. Because of the actual bitcoin investment, as we have often discussed in this thread. Namely those who continue to purchase bitcoin using cold money at whatever price (with the DCA technique for example).
Because in essence, a true bitcoin investor does not look at the current price of bitcoin or when they make a purchase. Because they know that bitcoin is an asset that has great potential in the future. So based on this sense of trust, bitcoin investors no longer hesitate to continue investing their money in bitcoin without looking at the price when buying it. So the person who is waiting for bitcoin to fall to $35K, I think he should be informed about this, if he really wants to be a bitcoin investor, and not a trader.