You are correct. Most of the crypto investors are waiting for Bitcoin to dip in price further before they invest in Bitcoin, not knowing that the price of Bitcoin has been fluctuating for some time now and maybe the dipping price Bitcoin can reach before it begins to skyrocket. The moment it starts doing that, I am sure it won't fall to the price it was before it mooned.
Firstly, we're talking about Bitcoin here and not crypto, by using the term crypto, do you mean those who invested into shitcoins and are looking forward to diversify into Bitcoin during some level of dips?
I guess any newbie or nocoiner in this group is starting of their accumulation journey on an erroneous note, it's important that newbies start accumulating Bitcoin immediately regardless of the market conditions when they get into Bitcoin. Some level of seriousness is needed in the investment engagement of a newbie, and in Bitcoin, that seriousness is to start off immediately purchasing Bitcoin with an accumulation target in mind as long as there's presence of discretionary income, while making plans to build up backup funds alongside his Bitcoin accumulation.
Those that are even qualified to wait for food are the guys who've reached a decent size portfolio in Bitcoin and who have reached probably 70% of their accumulation target and still has more cycles to hold, they can choose to keep stockpiling their DCA buying amounts targeting a dip so they can lump sum and buy more quantities to keep getting much closer to their accumulation target. But they have to decide the most beneficial strategy between waiting explicitly for the dip against consistent purchases while setting aside some percentage of their buying amounts to wait for dips.
, You are right that in this thread we are all talking about investing in Bitcoin. But I think
@joymarsha mentioned all investors by crypto investors. Bitcoin is a cryptocurrency. So Bitcoin investors and crypto investors mean investors.
I don't think anyone gets confused by just saying one word. Because, everyone new or old knows that Bitcoin is a cryptocurrency. So we should focus not on words but on Bitcoin investment system. We have to remember that Bitcoin is the most volatile market among cryptocurrencies, it is a long-term and reliable place to invest. So we should invest our money in safe places, such as Bitcoin.
Well on this thread, we try as much as we can to be specific with terms so as to achieve providing in our discussions. Crypto is widely associated with lots of shitcoins, altcoins and of course Bitcoin, we want to try our very best to limit how much misinterpretation newbies or those not so familiar with Bitcoin would have thinking we're talking about all other shotguns that make up the crypto space rather than Bitcoin.
So we are very particular with the use of terms and it's only right that we get very precise with words and that's using Bitcoin in this thread instead of crypto.