Quote from: Umulala-alala on Today at 04:59:19 PM

Quote from: Oshio-man on Today at 04:00:40 AM

for those that are waiting for the price to decrease before they can buy, I think this is the right time for such people to buy bitcoin and hold

What is the need of waiting for the price of bitcoin to decrease before buying when you can buy with the dca strategy if you have your discretionary income? Waiting may delay your bitcoin investment what if the price did not decrease soon and even keep increasing that means such person will give up on bitcoin investment because his expected dip never occur or may occur when he has no discretionary income to buy bitcoin, with the dca one can buy in any market condition irrespective or regardless of bitcoin price gradually and hodl.

If someone is still waiting for a drop to buy Bitcoin, then they are not an investor but rather a trader whose mentality is so limited that they lack the courage to buy at the current price they see in the market. True investors are those who don't think about waiting for a drop when they want to buy Bitcoin; they are focused solely on being able to buy it at that time and more consistently in the future. So, you can immediately judge for yourself the character of someone who wants to buy Bitcoin because it will be immediately clear from the way they approach it.