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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.
Xxx...
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 hopefully, you have 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 if you are choosing to wait or to be overly cautious in regards to your BTC accumulation journey, especially if you still might be in your early bitcoin accumulation stages..
You surely predicted me very well and I feel it is a product of your experience in this space. I am honestly distracted and I am feeling $100k is a way high to keep stacking. I am more of the opinion that I wait till bear market to repeat the cycle of investment.
However, I started having double thoughts when I read a random article that the 4 year cycle of bitcoin might end this season. The writer suggested that we could be on the bull run for a longer time than usual and just experience a little time of the bear market before we move to the bull market again. He suggested that those who converts BTC to stable coin and wait for bear market to re+invest might miss out opportunities this time around.
So, I am a kind of confused because I wouldn't like to see BTC return to 40k region when I had the opportunity to exit at the $100k region. On a second thought, I could exit now and BTC never reverses till 2030. I don't know if you have a special kind of advice for me on this.
I read franky1 post and he mentioned that even in this Q1 of 2025 that bitcoin has the ability to do $300k+. I have not being as confused as I am now even when I was a newbie.