Can you tell me what DIP is? When Bitcoin dropped from $60,000 to around $15,000, did people call it DIP?
They thought it would drop further, so they waited longer. When the price rose, they couldn't buy anymore. They might wait again, and when they did buy, they would never actually buy. No matter how much the price went to DIP, they would think there was more DIP waiting ahead.
We need to avoid the mentality of buying DIP by accumulating money [inflation reduces the reserve of fiat currency] and create a mentality of buying Bitcoin in the DCA method and be ready to buy as aggressively as possible when the price goes to DIP.
Good point man, that mindset of always waiting for the perfect dip can really hold people back.. I agree, DCA builds real discipline, and it is how you truly win long term.
TBH, I would say if anyone is dependent on trying to catch a dip before entering Bitcoin, then they seriously need to change that mindset. That is more of a traders mindset than an investors. And truth is, they will most likely end up not stacking any tangible amount of BTC, which should be the main goal from the start.
That kind of growth can be exciting, almost surreal turning $3k into $210k is life changing, and naturally you will want to share it with those closest to you. But in reality, sharing those numbers can open the door to a lot of unexpected outcomes, jealousy, pressure, unrealistic expectations, or even security risks.
It is better to stay humble, keep stacking quietly, and let your long terrm discipline speak for itself later on. Sometimes the best way to help close friends or family is by guiding them toward understanding Bitcoin rather than showing off your results. That way, they can build their conviction and stack on their own terms.
I really like your point, and turning a small amount into something big is definitely life changing, especially if it has been built and stacked using DCA for a long time.. and yeah staying humble and focused on the long term is the smartest move.
From my side, I also think it’s great when people want to share Bitcoin with friends and family. But honestly, from my experience, convincing someone who doesn’t know or believe in Bitcoin to keep investing regularly is not easy at all. It takes time and patience, and sometimes it feels like you are talking to a wall. Haha
Still, I respect that you’re open to having those conversations. Helping others learn and build their own understanding is a good way to support them. But TBH, most of them won’t give full attention to Bitcoin long term investment, they’ll prefer other form of investment out there than going solid on Bitcoin.. Jst speaking from my little experience with people..