.....Third, timing is also important. As the saying goes, time is gold. In investing, if the timing is wrong, even though we can still profit in the long term, in terms of time we lose so that often here emotional decisions play a role in making the wrong decisions.
Time in the market is better than trying to time the market.. Especially when it comes to bitcoin.. so just get started and stop trying to fuck around figuring out when you should start or if this is a good time or not.
It takes a long time to build up a bitcoin investment.. 4-10 years or longer, so there is no need to be delaying.. and then also once you are investing, it may well be the case that you are goingto stay in longer than 10 years, so it is not going to matter very much if you started to buy at $60k, $80k, $100k or $120k. Sure, you get more bitcoin when you buy bitcoin at lower prices, but there is no way to know BTC's price direction in terms of if you will ever get bitcoin lower than today's current prices, so it is better to get started buying bitcoin, if you wanting to be serious about bitcoin.. rather than fucking around thinking about your entry point.
We all know that bitcoin is for the long term, but when you invest without a strategy and knowledge, your emotions cannot be controlled so it is difficult to hold bitcoin in the long term because of the ups and downs of the bitcoin price.
Since you understand and appreciate that bitcoin is a long term investment, then there is no need to work out all the details before starting. You can get started with as little as $10 per week and work out details as you go, so in that regard, it is better to get started rather than fucking around trying to consider what your strategy is going to be. You can work out your strategy as you go, as you start investing $100 per week, $10 per week or whatever happens to be the amount that you can take from your discretionary income.
Tho I don’t blame those who buy the dip to sell, we’re all in this to make profits whether long term or short term, But long term goals is more profitable than short term
I would blame people for selling merely because they are in profits. I would say that they are dumb and short-sighted. Bitcoin happens to be amongst the best of investments available and someone is going to come into bitcoin and then buys some on the dip and then sell at a profits and then pat himself on the back because he made some dollar profits? What good is that going to do when the ultimate long play is likely the need to accumulate more bitcoin, so why sell any bitcoin until you have at least spent a whole cycle or two or more accumulating them... sure if someone has been buying bitcoin 1-2 cycles or more , then surely he is likely in a position where he might be able to transition away from buying bitcoin and into selling them... perhaps?
Ultimately people can do what they like, yet the guys who consider bitcoin in terms of short-term dollar profits have not tended to fair as well as the guys who accumulate bitcoin for longer periods and perhaps stay into bitcoin for more than a whole cycle or two or more.
Once a good-enough sized bitcoin stash is established, then there should not be any problems transitioning away from buying and into selling, and it is quite likely that selling may not even need to be at a rate that is greater than the amount that bitcoin continues to appreciate in value.