Quote from: Fara Chan on Today at 07:54:56 AM

Quote from: moneystery on January 24, 2025, 03:59:56 PM

it is absolutely true that the potential of bitcoin will always be there, so it is never too late for someone to invest in bitcoin because it doesn't matter when they enter... the main thing is just the mindset, because investing in bitcoin is not like short-term trading... investors cannot think that they will take profit in a year and then sell when they get profit-- they need to invest regularly and hold long-term, like what bitcoin hodlers do.

Actually, every investor has their own time target and choice in determining when to sell and buy again with their investment plan, but when the investment only runs in Bitcoin, it is better not to sell in the near future because Bitcoin is always more optimal in terms of profit if every investor wants to keep it in the long term. And by the way today I have seen a Bitcoin price correction of around 6% causing the price to drop to around $98K, what news is out there that has affected the price of Bitcoin in today's market?

Although on the one hand, a price drop like the current one would be very good if there were many investors who wanted to take advantage of it by buying Bitcoin without having to delay any longer because the current price is a very reasonable price for an asset like Bitcoin because the potential for it to be slammed back up is still quite large for Bitcoin.

In the whole scheme of things if you are holding bitcoin for 4-10 years or longer, then why would it matter even one iota if BTC prices are $90k or $110k? Sure, it does make anyone feel good to be able to get more BTC for the same amount of money, yet overall ongoing buying makes a lot more sense than attempting to figure out whether or not there is a dip that makes you feel moar better about buying some BTC.

Sure if you are buying $100 to $500 worth of bitcoin every week, you could manually make your buys and even potentially attempt to time your buys for dips during the week, yet even attempting to time dips may or may not end up working out, and it might do you better to just pick one day of the week to buy (even though surely on a personal level I have tended to prefer manual buys instead of manual buys). When I first got into bitcoin, I would have a weekly budget and I would attempt to buy dips during the week, and if I had not spent all of my weekly allowance to buy bitcoin by a certain day of the week, then I would buy at that point, and my next week's allowance would start after the expire of the previous week.

Also, consider your own forum registration date, Fara Chan. You have been on the forum since April 2017, so that is nearly 8 years, and in that regard, I would speculate that you had already been accumulating bitcoin for nearly two cycles, so surely you might have the luxury of waiting and/or playing around with dips that may or may not happen. Folks who are newer to bitcoin (such as less than a whole cycle), may well not have as much luxury to be trying to play around with waiting for dips that may or may not end up happening, which is part of the presumption of this thread in regards to folks who are weighing their own concerns of entering new into bitcoin versus folks who had already largely entered into bitcoin..and sure, I have already made the argument that there is one thing being a no coiner newbie and another thing being a low coiner, even though the low coiner might still have a similar issue of still not having enough bitcoin, even though they had already been in bitcoin for a while.