Everyone has a plan in making investments and generally buying bitcoin will be long-term rather than engaging in short-term, although some people also engage in short-term to make a profit. Now the recovery momentum is starting to show a good direction and in conditions like this I am more inclined to hold than sell. I have a small question in these market conditions and maybe you can explain a little about the accumulation strategy in the current market conditions.
This is important as a step to know the pattern you are using because if someone does not have a large capital, buying in an increasing condition like this is not very appropriate unless you are one of the long-term holders whose focus is only on consistent accumulation.
Many people are into bitcoin to make quick money, that is why at this point many people we resolve on selling their bitcoin which I think is really not a good idea considering someone that is interested in long term investment, at this point for someone who probably doesn’t have enough capital like you mentioned it’s best to use DCA method to accumulate on weekly and monthly basis considering your expenses and having a discretionary funds you can accumulate not withstanding being aggressive. And should ensure to be consistent because the market is unpredictable, and focus more on long term accumulation, in as much as everyone have there plans of making investments, building a portfolio for a longterm investment is more vital.
The reason why there will always be poor people is part of what you just explained, people selling their Bitcoin when they should be buying more. I do wonder what they will put those money into that will be better than Bitcoin at this time and age. Some will sell their Bitcoin and use the money for things they cannot even completely give account of while some will sell and put the money into some other business that will not give the kind of profit that is possible in Bitcoin. Anyone who is opportune to learn about Bitcoin should focus and build a wonderful future with Bitcoin because it offers complete freedom, something you can rarely see anywhere.
The little money we waste on bear and some minor things can all be put into Bitcoin weekly or monthly and they will grow into something significant. You don't need operating cost in Bitcoin neither do you need any maintenance of any form, just buy and hold and allow your money grow with time.