What's your take on this? Given the period we're in is it buy time or sell time?
If you must buy Bitcoin then it should be today, if you have your discretional income ready buy Bitcoin immediately and keep buying,no dulling. The truth you need to know for yourself is that the price of bitcoin wouldn't wait for you or anybody regardless. What's the points of selling when you haven't started or don't you think it's too early for such. If you're interested in buying Bitcoin, don't give a second thoughts about it, buy right way and you wouldn't regret your decision. While investing in Bitcoin, you need to understand the basics about it and how it works. Always approach the market with a long term plan to become a potential investor, yeah you need to be consistent in your approach in buying and accumulating Bitcoin using your discretional income for purchase. Infact just keep buying and buying until you reached over accumulation target and hold for a long term period of at least 4-10 years or more. The goal here is to keep buying and holding for as much as you can for the long term .
You are very correct and I also share the same sentiment here buddy, investing in Bitcoin is mostly productive when it's being done once your discretionary income is available, because right now Bitcoin is still very cheap comparing to how much it might go in the future, so waiting for a dip or procrastinating is a wrong way to invest in Bitcoin, and as we are doing so, we should not underestimate the power of holding for a longer duration because all of those people that bought Bitcoin a few years back are already swimming in huge profit already, and I am very positive that due to the fact that Bitcoin is still in it early days, it can still do up to 5x or more of it current price, so why waiting or wasting your time before accumulating?
Buying now without paying attention to it current price is going to be the best decision ever made by a Bitcoin investor if he is actually holding for a longer duration like 10 years or more.
Every bitcoin price is a potential dip. Sometimes last year, bitcoin was at $63k and was dreaded by many as costly. Fast forward to today, not even a single person would imagine bitcoin coming back to that price. Bitcoin is always on its way up while exhibiting it's front and back movement. Every single day is for buying bitcoin. I would advise a more trusted way to override bitcoin price while investing.
Invest by fiat amount which you could afford to spare at that moment or period of your DCA not by the amount of bitcoin you want to acquire. This allows you to careless about the price of bitcoin while focusing on your DCA allocation.
In the event of increased Discretionary income, you can raise your DCA allocation accordingly without also intending to increase the amount of bitcoin you acquire per DCA buy. This allows you to acquire more or same amount of bitcoin in the event of supposed high bitcoin price.