The people who keep saying that it's already "too late" to buy Bitcoin are those same people who buy and hold shitcoins cycle after cycle and they HOPE that what they're holding will have the same long term price movement as Bitcoin, WHICH many of them won't because they're actual shitcoins.
There are also those other "investors" that want to make their millions in one mere cycle, and they use all of their life savings to those shitcoins that are "over-performing" against Bitcoin. Merely less than 10% of them actually make their million and they are usually the Cabal of those shitcoins.¯\_(ツ)_/¯
And those who invest in this type of shitcoin instead of Bitcoin will end up losing more. Because most shitcoins are destroyed in the long run, and those who hold this type of shitcoin lose all their holdings.There are also those other "investors" that want to make their millions in one mere cycle, and they use all of their life savings to those shitcoins that are "over-performing" against Bitcoin. Merely less than 10% of them actually make their million and they are usually the Cabal of those shitcoins.¯\_(ツ)_/¯
Those who hold other shitcoins and think that this will make them more profitable than Bitcoin are always wrong. And they will never achieve the success of Bitcoin through any other investment. Rather, they will face more losses over time.
It may be a side hustle, but the main thing going on should be the accumulation of BTC, because we all know for what BTC stands for and that it would be worth it in the end.
To get into various shitcoins as a "side hustle" should mean having some ideas about how to get "in" and "out" like a trade and then to implement such "in" and "out" practices, not to consider any of the shitcoins as something to hold for any kind of extended period. Sure, there have been a few shitcoins that have had some longer periods of prosperity, such as ethereum, yet if you look at that piece of crap against bitcoin over the past 5 years, you will see that it has not performed relative to bitcoin. Sure there are still Ethereum bagholders proclaiming that it is going to pump again, which may or may not happen, but really seems like a bad idea to get involved in that shitcoin or any other shitcoin unless you have a short timeline for holding, or maybe if you are just holding small amounts of some shitcoins for potential utility purposes (ie alternative modes of transacting) rather than expecting any kind of price performance from them.
Of course waiting to buy the dips is quite discouraged as in the process of waiting one might miss the opportunity because basically one can predict how the market will go in short term hence where one thinks will be the bottom it could make a turn and become bullish hence leaving guys who wait to buy the dips in wait for so long and of course might end up not buying at all as they might see it as expensive at that point.
Of course buying the dips is not a bad method of investment it's one of the methods which people use for accumulations but for a noob like guys here it's probably best we stick to buying bitcoin but by bit using the DCA method which makes it convenient enough for us all even though we might find the dips as cheap or buying at discount one can still buy the dips even when you DCA.
So perhaps after much as examination of oneself using the 9 individual factors it's best for noobs to buy and/or investment in bitcoin with their discretionary income as it wouldn't affect our/guys daily expenses.
Both would still bring results in the end.Of course buying the dips is not a bad method of investment it's one of the methods which people use for accumulations but for a noob like guys here it's probably best we stick to buying bitcoin but by bit using the DCA method which makes it convenient enough for us all even though we might find the dips as cheap or buying at discount one can still buy the dips even when you DCA.
So perhaps after much as examination of oneself using the 9 individual factors it's best for noobs to buy and/or investment in bitcoin with their discretionary income as it wouldn't affect our/guys daily expenses.
It's the thing that matters here, for noobs or not alike.
Folks who are absolutely brand new to investing, are likely going to be better off to just buy right away and regularly rather than considering if there might be a dip or not. Yet, surely there could be some people who come with a decent amount of value that they are able to inject right away... so let's say for example, they had figured out that they are able to invest $100 per week from their income, but then they also have another $5k that they have (which would amount to the same as 1 year's worth of DCA).. when they are considering that extra $5k, they may well be ok to consider whether to put it in all at once or if they want to attempt to employ some form of dividing it up into parts to use some to buy right away and to use other parts of it for buying on dips (if they happen) and DCA such as spreading over several weeks (months perhaps) and adding to the $100 DCA that they already know that they are capable of doing. There is no correct answer, yet surely each person can attempt to customize in accordance with his own circumstances, including accounting for his 9 individual factors, as Churchillvv mentioned.