"I" like some of the other plebs during 2019 have used most of our savings buying the DIPs when I started this topic. That was an actual opportunity.
The reason why I tell newbies to be careful when they're thinking about deploying most of their capital in this kind of market is the possibility that they might not be mentally ready to go through the volatility. There's also the possibility that the macro-economic conditions could worsen because of Trump's tariff and other sort of isolationist policies.
The cycle bottom was late 2022/early 2023. That's two years ago. We can't treat the current market like it's still late 2022/early 2023. But you do you.
Good decision have braveness used saving fund for buying bitcoin at the dip price with difficulty found another people will scare for taking their saving fund to buy bitcoin. If keep hold until two or three years until bitcoin hit higher price unfortunately earn much profitable and get huge increasing of his saving fund than keep in the bank only.
Be very careful not to use all your savings to buy Bitcoin because if you try it, you will ending up not being able to hold those Bitcoin. There is something called discretionary income which is what you can use to invest in Bitcoin so that you will not be pushed to sell your Bitcoin when you encounter any serious financial needs. In addition, as an investor that want to be able to hold your Bitcoin for a very long period of time, you should always keep some funds called
emergency. This fund will ensure that if any unplanned thing happens, you can lay hands on it and sort the issue out. Without such preparations, you will have no option that to start selling your Bitcoin and that will not make you meet your targets which you might have set for yourself in terms of your Bitcoin portfolio.
In summary, don't put all your savings into Bitcoin and always keep some money for your basic needs then have provisions for emergency spending, after these two have been perfect, go ahead and buy Bitcoin and hold.