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Well said, no doubt that in past couple of years there have been a slight change in attitudes or behaviors among bitcoin investors which have caused a great decline in their bitcoin portfolio and also affected their level of accumulation. Instead of focusing on accumulating bitcoin over time or stacking sats for the long term goal, they are more intent on short term gains, and waiting to buy the dips and at such when all of this put together, there’s every tendency that you’ll have troubles being consistent with your on going bitcoin accumulation. For sure one’s financial situation also plays a role in your level of accumulation, and don’t also forget that even if you’ve got a steady and good source of income, without a good financial management skills there’s also a tendency that it will affect your level of accumulation and also shows a decline in your bitcoin portfolio.
With the right mentality, you’ll be able to maintain your consistency while accumulating bitcoin, in all walks of life we believe that bitcoin have value and will appreciate more over time. Waiting to buy the dips won’t help your level of accumulation and also investing for the short term quick gains won’t also help. But if your initial strategy is focused on the long term goal it will sure help especially with your level of accumulating bitcoin, whereby you adopt the DCA method of accumulation.
It’s never too late to go back and possibly start again like someone who’s a newbie with the right mindset of investing in the long term goal, the DCA method is helpful as it will help you to spread out accumulation over time and reduce the idea of procrastination and timing the market and still provides you an exposure to long term focus and growth.If we screw up, we cannot go back and fix our screw ups. We can ONLY attempt to learn from our past mistakes and plan (and act) from the present in order to attempt to try to go forward with plans and actions that are based on current circumstances and our assessment of such current circumstances.