There could be some of us who don't feel comfortable committing to buying bitcoin every week, so we might have some other criteria that involves buying at least once a month or some other criteria, so we had not concluded that it was too late to buy bitcoin, yet we had set some parameters on our buy times that might even have both price and time components that help to guide us in our buys.
So we must have a strategy with us that allow us to keep investing once a week, month or whatever suits our budget. We can define criteria our self and make a strategy that suits our budget. It doesn't matter whether we are investing more or less but important is we must keep investing with consistency.
Why are you trying to tell people what to do? Some people prefer to be more active, and other people might feel that they don't have time to look at their BTC, and of course, the more that we might have some kind of an automated plan, and the more that we might have other things going on in our lives, then sure we might not have time to be looking at our bitcoin or even considering ways that we might tweak our BTC accumulation plans in any kind of way.
Agree. Everyone has it's own way of looking into the market. To me it was a blessing in disguise that I have Bitcoin in my wallet and forgot to watch them. I am not selling them even now but will HODL them for more time. I am buying and won't be looking at my portfolio every week since I plan to invest for long term may be 5 years or more.
Yep.. anyone who is a no coiner needs to start at whatever price. Low coiners might have more flexibility, especially if they are already following some kind of a plan that involves regularly buying bitcoin, then they just have to make sure that their plan is reasonable, practical and appropriate and if so, then just continue following their already existing plan. There may be needs for some guys to adjust their plans, yet sure it can be difficult for any of us to help them in terms of their own assessment in regards to whether their BTC accumulation plan is adequate and if their following (execution) of the plan is adequate.
Bitcoin now is 100k and no coiner who just came to Bitcoin has to start from somewhere, if he waits for price to go down (which is not guaranteed) may be tomorrow price of Bitcoin may go up to touch 200k or even high. What no coiner will go in such situation?
I have an example of this in my circle. One of my friend was trying to construct his house but he was reluctant to start in year 2021-22 because steel prices are too high in Pakistan at that time. He said he will wait for year to two so that prices of steel will come down. Two years later, he started construction of his house with steel price double of what was in 2021-22. So no coiner should start investing as soon as he come to know about Bitcoin.