Suppose you were thinking of buying Bitcoin, but you waited a little longer and the price went up. Now, you may be forced to buy at a slightly higher price than before, or it may be that the money you had at that time was spent elsewhere and you no longer have the opportunity to buy Bitcoin. We call this situation delay.
I never support this because thinking about buying
BTC in a hurry is foolish. Those who do not understand anything will do this, but those who act wisely will never buy Bitcoin in a hurry. If you may have money but cannot buy Bitcoin, you definitely should not. To buy Bitcoin, you need to understand Bitcoin well, and then you invest in Bitcoin according to your convenience. It will be best. You cannot do anything like I bought Bitcoin whenever I wanted and then sold Bitcoin whenever I wanted. It seems good that you can maintain DCA and invest, even if you have to wait a little for that.
Money spent somewhere else is understandable that’s why it’s not good holding fiat or wait alittle before investing, the only foolish act anyone can display is forcing investing while exceeding their budget else I see no hurry investing when the person is financially capable why not start investing now besides investing should be done freely out of one will. Understanding basic bitcoin is not a difficult task but bitcoin knowledge generally is broad so no one should think of learning everything first before investing rather a newbie who is willing to learn gradually they can start their journey along side learning although the last paragraph has to do with planing and target honestly with the right planning there’s no such as buying and selling quickly.
We can consider the loss caused by this delay as an expense. Simply put, if you fail to buy Bitcoin at the right time, you will not be able to recover the loss you have made. For example, you had enough money in hand, but if you delay, you will miss the opportunity.
The way you say it, it is understood that you should buy Bitcoin with a lot of excitement and then sell it again. Making a Bitcoin video cannot be like this. Here, just because you have money, it does not make sense to buy Bitcoin immediately. To buy Bitcoin, you need to understand when to start. If the market situation is good now, it may crash a little in the future, so you need to wait a little. As you said, it is wrong to invest in Bitcoin by calculating profit and loss like this.
In as much as we encourage early adopters to buy and hold for the long run doesn’t mean they’ll encounter loss after investing during the bull. Anyone can invest but it doesn’t necessary have to do with timing the market or the price like when facing a decline, we can’t tell 100% but loss is definitely far from an investor who already has a long term plan and from the explanation above that’s a short term planning and it’s right to say those with short term plan don’t make profit meanwhile starting at anytime can still be considered by a newbie.