I love this dip here in prices. Bitcoin is looking steady in the 90k's. Right now i think this is a serious buy and accumulation time. Cycles show around 500 days after the halving is peak cycle which is around sep/october of this year. Think we start seeing prices take off right before may/june. Guessing summertime will be a full bull run. Thats what im banking on
The current price of Bitcoin may not be for everyone, but it is a very important time for investors who invest. Investors always want to buy at a low price and invest, maybe it is still a good time to invest because the market is in the current state, the market may not remain in this state for long, the Bitcoin market will definitely grow and exceed the highest height of all time.
What is the reason behind that this current Bitcoin price is not for everyone? I believe that is not everyone that may like to buy at this current price, some may be planing when the price of Bitcoin drop but I will say that is best way to accumulate Bitcoin, instead of waiting for dro before buying why that kind of people just making uses of DCA which will give them opportunities to be buying at different level.if you may decide to wait now still further drop of Bitcoin price, it possible that the price of Bitcoin may not come back to price level you may set of start buying and that is the reason why we are advice to make uses of DCA method for accumulating. The truth is that despite that some set of people are complaining about the high price of bit there are some investors that understand Bitcoin well are using this period to still accumulate.
The problem here is not about buying the dip, the major problem is waiting for the dip especially when you are lagging behind in your accumulation journey or you have no holdings at all, that's where the problem lies.
If you are that Bitcoin Investor that have accumulated Bitcoin over the years and has gotten a very huge stash of Bitcoin, and you are close to the end of your accumulation journey, you may have the luxury of time to be waiting for a dip before buying again, but if you are just starting your accumulation journey or you have not started at all, it would be very unwise to wait for a dip before making a purchase because by doing so, you might miss a whole lot of buying opportunities that would have been utilize properly, and due to it huge potential and the fact that we are still in the early days of Bitcoin, it's still very cheap compared to how much it might get up to in the future, so buying it now regardless of it current price is actually the right thing to do as a Bitcoin investor.
Anyone who waits for the Dip to accumulate bitcoin is a Trader. Saying that someone who is coming to the end of his bitcoin accumulation can wait for the Dip is very unwise. How do you think a real investor comes to the end of bitcoin accumulation? That ends his bitcoin carrier and no real investor would like to be left out. Even the likes of Michael saylo, Tim Draper and many other high ranking bitcoin owners with over 200k bitcoin stash still buys continuously. Letting anyone to know that trading is stressful and less profitable can go a long way in shaping his financial and bitcoin career. Anyone who invests by DCA does not care about the bitcoin price, he only buys that his set amount not minding the price. His goal is to improve his bitcoin stash, not to watch the chart📉
It's not everyone that accumulate Bitcoin during the dip are traders there are investor who has been regularly accumulating Bitcoin for the past
5 to 10 years or for about 5 to 6 circle or more probably have gotten to their bitcoin accumulation journey may decide to be accumulating Bitcoin during the dip that doesn't make them a trader.
But for those who just started their Bitcoin journey shouldn't wait for bitcoin to dip before accumulating Bitcoin rather the dip should be an advantage for them to accumulate more Bitcoin for their selfs.
So far bitcoin is ONLY 16 years old, and since a cycle is 4 years, then the most cycles any person could have had in bitcoin, would be 4 cycles.. , and so many long time bitcoiners did not get into bitcoin in the first cycle, so the most cycles that the longer term bitcoiners have experienced is 2-3 cycles.
Your point is still valid that a person might transition away from ongoing and regular DCA buying of bitcoin after he has spent a considerable amount of time and/or money investing into bitcoin, and some of the investors can front load their bitcoin investment in order to get to a status in which they believe that they might want to slow down in their accumulation of BTC since they are starting to feel that they have enough or that they have close to enough BTC.. yet these guys still might want to experience buying more BTC during BTC price dips.
I'm very pleased with this your statement, will i said that you red my mind because you have just spoken my mind relating to accumulating of Bitcoin journey and wait for dip, and it is a message to all investors that has not started buying or accumulating Bitcoin should start now that Bitcoin is cheaper because in years coming who knows what Bitcoin will in the market, so buying and selling should not be your option.
Investors who are just starting their accumulation in Bitcoin, should not think about buying and selling in the current period. What should be on the mind of those who are just starting their accumulation is to increase the amount for a longer period.
I will not say that the current price of Bitcoin is cheap.
For most beginners who are not from companies or governments, the current price of Bitcoin is considered expensive. So it is very natural for people who want to invest in Bitcoin to start thinking about some speculation. The problem will only last a while until they understand and learn some things that can convince them to immediately collect their Bitcoin gradually.
If anyone is a beginner to bitcoin, how the fuck are they going to know if bitcoin is expensive or not? Have they studied bitcoin? or did they just glance at the chart and the price and say "wow, that looks expensive." Expensive relative to what? What do they know?
They probably know that if they are new to bitcoin, they don't have any bitcoin, and they probably know that they cannot turn back the clock, so they have to figure out what to do from this point on, and not from some fantasy of turning back the clock.
In other words, if they don't have any BTC then the best way to prepare for the possibility that BTC prices might continue to go up from here is to buy some bitcoin.
I don't have any problem with a newbie who might want to prepare for the BTC price to go either up or down, yet the ONLY way to prepare for the BTC price going up is to buy some...and you prepare for down by having some money available to buy if the price goes down. If a newbie has decided to start buying $100 worth of bitcoin every week, then he would end up buying whether the BTC price goes up or goes down. If such newbie has $5k extra that he wants to invest into bitcoin, then he can decide what to do with it.. perhaps he can choose how much of that $5k he wants to allocate towards 1) DCA, 2) buy right away and/or 3) buy on dips. There is no one exact right answer, but if he has no coins and he chooses to wait rather than to buy, then he is ONLY preparing for down rather than up, and there is no guarantee that the BTC price willl ever go lower than it is right now, so waiting does not seem like a very good strategy to prepare for the potential of up, which surely might happen.