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Of course a no coiner and a lower coiner only need to focus on accumulating bitcoin consistently and persistently in order to keep on increasing his bitcoin stash irregardless of the price of bitcoin lije you said, because this is the best opportunity that we have to buy regularly and if possible aggressively since no one knows the price that bitcoin is heading to in future. If we keep on looking at the price if it's pumping or dipping, it can distract, discourage and make one lose focus on steady accumulation with DCA for the future.
The price of bitcoin shouldn't be your concern but your concern should be consistent accumulation and how you can work on improving your income so that you can buy more aggressively overtime.
Well. I think that part of my point is that so many guys (whether newbies to bitcoin and even several seemingly bitcoin veterans) presume that they have reached enough BTC or more than enough, so they either sell some of their coin waiting for the BTC price to dip (which may well not end up happening), and/or they fail refuse to continue to buy consistently, persistently, ongoingly and perhaps even aggressively because they are too busy looking at the BTC price rather than looking at the fact that they actually do not have enough BTC, even if they have self-assessed their BTC stash as if it were enough, when it is not enough. So in the next several years they end up looking back and recognizing that they could have been (and should have been) stacking BTC way more consistently, persistently, ongoingly and aggressively during times like our current times.
JayJuanGee, I so much understand your idea of consistently and if possible aggressively stacking BTC. In as much as I support your idea, I slightly differ in opinion. I align more with the idea of diversification and purpose of investment.
Diversification: If someone started buying from the region of $15k, this is high enough for the person to withdraw part of their investment and diversify in other assets such as real estate.
Purpose of investment: Buying BTC continuously because we have not gotten enough might lead to an undefined ending. Humans are naturally insatiable and there's no amount of BTC that will be ok for us. So, if anyone is on good profit already, they can withdraw to accomplish a project. Build a home or buy a car and definitely continue the unending BTC journey.
I never said anything against diversification, even though many times diversification is overly emphasized, and in the beginning of any investment, there is no need to diversify beyond bitcoin and cash (which would include the building and maintenance of various back up funds, emergency funds, cashfloats.
I am saying to get started investing in bitcoin without delay and that there is likely advantage to accumulating bitcoin consistently, persistent, ongoingly and perhaps aggressively.
At what point a person might consider diversifying beyond bitcoin and cash will differ from person to person, which is more likely better to measure based on their own yearly expenses (or income) rather than proclaiming a certain exact amount (such as $15k) to trigger when diversification might start to make sense.
Many folks consider diversification too early and put too much priority on diversification, and they end up diluting their bitcoin investment with inferior investments, whether that is real estate, stocks, bonds, commodities or cash equivalents (including that some folks consider buying shitcoins as diversification, which it should not be considered in that way, except perhaps allowing 10% of the value of their BTC holdings to be allowed to go into shitcoins).
In the end, folks can do whatever they like and suffer the consequences if they continue to fail/refuse to sufficiently/adequately prepare for UP in BTC prices, and the only way to sufficiently/adequately prepare for UP is to make sure you continue to buy BTC regularly, persistently, consistently, ongoingly and perhaps aggressively.... getting distracted by the BTC price or even getting distracted that you need to diversify for the mere sake of diversification may well be problematic and lead to regrets down the road.. and yeah, do what you like, and find out what happens.
By the way, there is nothing wrong with preparing for both up and down BTC prices, yet many folks likely need to continue to invest into bitcoin for at least a full cycle before they will be in a position to be slowing down in their BTC accumulation, unless they had been able to frontload their BTC investment, and most people cannot front load their BTC investment. You, KingsDen, are coming on 4 years registered on the forum, and hopefully you have been able to accumulate enough BTC during that time and not gotten overly distracted into diluting your bitcoin investment into other areas, including considering that $100k is too high to continue to stack BTC, which seems to be your conclusion and something that you will have to live with the consequences of your allocation choices.