It seems that anyone who is a beginner investor such as anyone who is a no coiner or a low coiner, is better to get started as soon as possible, and surely the various macro-factors that you mentioned might be helpful, but the fact that they are a no coiner or a low coiner should be more motivational to get some bitcoin.
Surely the more bitcoin a person accumulates and with the passage of time, then there might be reasons to discontinue accumulating bitcoin or to move away from ongoing, persistent, consistent, regular and perhaps aggressive buying of bitcoin, so each person has to figure out when he has reached a status of having enough bitcoin or more than enough bitcoin in order that he might change his bitcoin management and/or accumulation strategies.
There is a large portion of the world's population who are no coiners and/or low coiners, so a lot of these folks should be accumulating bitcoin through buying and at any BTC price.
You’re absolutely right, for someone who wants to invest in Bitcoin there is no reason to be waiting for a dip to start investing, it makes more sense to start immediately as soon a possible because there is every tendency that you will miss opportunities if there is a hesitation, when I started investing I didn’t have to wait for a dip, I had to start immediately to invest and continue to accumulate, now that we’re in a bull period should be enough reason to stay motivated and keep investing until we get to over accumulation then we can decide to approach a sustainable strategy’s, holding at this point should be more prioritized.
Well you have ONLY registered for a couple of months, so you likely are a long way from getting to a point of overaccumulation...
Perhaps you have another 4 years before thinking about getting to a status of overaccumulation, unless you were able to frontload your investment and/or if you got into bitcoin much earlier than your forum registration date.
Furthermore, surely we have been in a bull market since about November 2022, even though we might not have known that we were in a bull market until either mid-2023 or perhaps as late as October 2023.
Don't you mean at least another 4 years of consistent and/or aggressive accumulation before thinking about getting to a state of overaccumulation?
Yeah, I believe it's now pretty clear now that we've actually been in a bullish market since around Nov 2022. Although it wasn't really obvious at first because it didn't seem like the usual Bullish market that we anticipate, but it all start to make sense when the market started being on a pretty steady upward trend by mid 2023 or so, and I believe that's when people started to catch on
The bitcoin price has been bullish for some time now. How could someone possibly reach an over accumulation in just 4 years of bitcoin accumulation even after consistently front loading his wallet? I don't mean to undermine the fact that income varies. But aiming at over accumulation in 4 years could cause a financial stress. Holding could be valid in 4 years minal period but not an over accumulation.
First you should know that over accumulation varies with individuals what I mean by this is that what I will call over accumulation may not be what you will call over accumulation because of difference in capacity. Lets assume I am earning $500k a month and you are earning $10k in a month, do you think we are going to have the same target? Do you think the money I will be using monthly to invest will be the same as yours off course it can not, my monthly investment money can be your whole salary a month because I earn X of what you earn a month, so it is possible to get an over accumulation within an interval of 4 years because of capacity, target, commitment and consistency.
This example may be very okay for what you’re trying to explain. But again, when you’re trying to use this same example in the same situation where the difference in their earnings is not so large as you’ve given in this example, then maybe an over accumulation may be reached faster by the one who earned the less because of how much they’re willing to spend on bitcoin monthly maybe be higher than what the one who earns higher is willing to save every month to buy bitcoin.
Assuming Mr A earns $500K per month and Mr B earn only $50K per month. In this example, Mr A earns about 10 times what Mr B earns. But in the field of accumulating bitcoin, Mr A can only spare 1% of his income ($5000) to invest in bitcoin monthly and Mr B was able to spare 20% of his income ($10000) to invest in bitcoin. Seeing how large the difference in their earning is, Mr B who earns less will reach his target faster assuming they both set same target and will reach the state of over accumulation faster than Mr A.
So it is not always about how much you earn in total that will make you reach a certain target or reach over accumulation when the target is reached, but how much you’re willing to spend out of your monthly income to help you reach your target faster. Your example may be same as mine but the mindset varies as to how people tend to invest in bitcoin even if they earn higher and can still be okay without spending 50% of their income monthly.