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
You are correct that bitcoin has been hovering around 90k plus for a long time now, but you are sounding like now is the perfect time to buy bitcoin, and if people miss the opportunity to accumulate bitcoin now, they won't see bitcoin at this price again, and they will buy bitcoin at a very high price, which I think will likely mislead low coiner or newbies into accumulating bitcoin in such a way that they will struggle to solve their daily expenses because they will believe if they don't accumulate bitcoin aggressively now, it will be too expensive for them to accumulate later.
Its like giving people a FOMO vibes and that might give people some problem especially they are unstable and easily to get panic when there's more decline will come. That's why its better not to expect something with the dump and people better focus on accumulating Bitcoin at whatever price they see on the market.
I don't like to give some vibes like that knowing people's usually might think that they can earn fast profit if Bitcoin pump since its common for them to believe that Bitcoin is all about buy at low price then sell it when price goes high. This is the reason I urge people to learn about long term holding investment on Bitcoin and don't pay much attention on pumps and dumps especially those fuds spreading on internet.
With the dump that happened last night and early this morning, if wheelz1200 accumulates bitcoin aggressively before the dump happens,
I believe he will be living in regret by now because he will see himself as someone who has missed the opportunity to buy bitcoin at a low price. Since nobody can actually figure out what the price of bitcoin will be in the next second, minute, or hour,
there's no need to see any price that bitcoin has been hovering around for a while as an opportunity to accumulate bitcoin aggressively. It is better for investors who are using the DCA strategy to accumulate bitcoin to stick with it, and they should never panic or try to rush their accumulation process by taking some steps that will mess up their accumulation process since the DCA strategy will still allow them to accumulate bitcoin even in a dip.
I don't see any reason why wheelz1200 will not be happy for buying aggressively earlier before this dip like you said. He has already used that opportunity to increase his bitcoin portfolio higher and that's what is the most important thing for every investor. For them to take advantage of the opportunity they have to invest aggressively when they can for a good increase in their bitcoin stash.
You are sounding like a trader for you to say that wheelz1200 will be regretting when he is accumulating bitcoin for a long time without selling a dime. DCA method doesn't prevent or stop any investor not to buy aggressively when he can irrespective of the price of bitcoin. As a matter of fact, mixing the three methods in a proper way and buying aggressively will give you a better result than only DCA in the long run.
It's not the price that you bought your bitcoin is what matters, what matters most is for you to be increasing your bitcoin stash in a speedy way with your discretionary income and don't over aggressively invest.
Don't be in a hurry to include that I sound like a trade because I have my reason for the statement I made about wheelz1200 in my post. If you go back and read wheelz1200's post very carefully, you will understand that his intention was to aggressively accumulate bitcoin since bitcoin has been hovering around 90k plus for a while, and he plans to sell the bitcoin around September/October when he thinks bitcoin will set a new ATH, which will even make him look like a trader because he will be selling the bitcoin he accumulates aggressively in the coming few months. For someone who has such intentions, do you think the person will be happy after accumulating bitcoin with the intention to sell his bitcoin for short-term profit, and instead of bitcoin increasing in price, an unexpected dip happens immediately after the person just accumulates bitcoin?