. It is better for traders to wait for the market to fall but not for holders.
It makes no sense waiting for the market, yes it's true that traders prefer waiting but that doesn't mean that they can outsmart the market by acting in such a manner. The best thing to do is to buy Bitcoin anytime your discretionary income is available and hold because that's the only way you can achieve something huge with Bitcoin, all other means that traders are doing thinking they can make a fortune from the market are just time consuming and less rewarding when compared with someone that accumulated a huge stash of Bitcoin and hold for a long duration like 10 years or more.
So in essence of what am trying to say is that waiting doesn't guarantee success, and it's a terrible way to accumulate Bitcoin.
I suggest you to clarify your position, do you want to be a trader or an investor?
This thread is specifically made for investors and it would be better to discuss investment here. Because discussing investment and discussing trading will not be the same and the advice is also contradictory.
Does my write up makes me looks like a trader?
I don't really think so if that's what's going on in your head, I was trying to address what cpt_reader said, and yes it's true that this thread is mainly about investment in Bitcoin, but In the cause of discussion you can't totally avoid comparing investment in Bitcoin and trading, so forgive me if you think am turning this thread into something else, because am an investor, not a trader.