Quote from: martinex on December 31, 2024, 05:28:42 AM

Quote from: Gallar on December 31, 2024, 04:23:49 AM

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.

In my opinion, if buyers who already understand the great potential of BTC in the future will be relaxed in putting their money to buy btc either in regular or large amounts, but timing is also needed to get a reasonable price periodically. For a drop of up to 35K as said by his friend @Proty, it may sound funny and in my opinion that number will never be touched again unless large hodlers sell their assets massively in the past continuously for a long period of time.

If we talk about timing, it means we have to wait for the Bitcoin price to fall first before we can buy it. If you mean that, then your point contradicts my assumptions. Because I said long-term investors in bitcoin don't need to look at the price, let alone wait for the price to fall first to buy it. Because that's basically what I understand from the DCA strategy that I do on bitcoin. Because if you use the right timing (cheaper price) to buy bitcoin, you are the same as a day trader. And of course this will slightly prevent us from continuing to accumulate money into bitcoin.

Because of course, when we use timing to buy bitcoin, we definitely have to wait and keep waiting to buy it. For me personally, this is very uncomfortable to do. That's why I feel more calm when investing in bitcoin using the DCA strategy. I don't think about this or that much, because the most important thing is that I just keep accumulating consistently. Because if we think too much about the price of Bitcoin, like what if the price drops to 35K, of course our minds will continue to be burdened. So I prefer to just relax, because I'm sure, even though Bitcoin fell to 35K, it will definitely rise even higher. And besides that I did DCA, so I personally don't worry too much about it.