The history can scare people out of investing into bitcoin, yet it seems that historically, the answer of investing as much as you are able to and attempting to front load your investment have tended to pay off... yet we surely tend to need at least a whole cycle to begin to have some confidence, and also there is likely some value to ongoingly buying rather than just buying once... and so it can be difficult for guys who buy a lot and then the BTC price goes down from the point of their purchase, which I tend to suggest to just keep buying... and so sometimes it can take a whole cycle or longer to really begin to be profitable and then to feel like you have more options, so focusing on levels of profits in less than 4 year timelines seems problematic, and keeping on building and holding bitcoin seems to be a good strategy for over more than one cycle rather than limiting the timeline to one cycle.
Exactly, historically, we have seen how volatility can be frightening to newbies, but yet it's rewarding. In 2018, it was a violent drawdowns, at -80%, -77% in 2022. Which can really scare newbies is they look back at Bitcoin's history. Yet, for those who have stayed throughout this drawdowns whether buying once or continued to stacks sats using the DCA method have been rewarded in the following cycles. The key here, although for newbies is going to be hard to understand, is that volatility is not a bug but rather a feature that we should deal face up and treated as a feature. What matters is seeing the bigger picture, and what matters is the long trend. Bitcoin has a cycle, we already know that, we have the bear market and bull run (tied to it's halving event). We have examples of newbies buying at the top of ATH, like in 2017 ATH at $20k, but then in 2018 it fell at $3k, but by 2021, ATH at $69k, and if you look at it, even at "worst case" entry was profitable (~3.5x return). And it also proved what others like you have been saying and it's proven correct, Bitcoin isn’t a
get-rich-quick scheme. It’s a get-rich-slowly (but asymmetrically) asset. And we will be rewarded if we treat it as a long term savings, not a speculative asset that we trade day in day out. Or maybe another saying form Michael Saylor,
Many investors might be considering an exit at this point, but not Saylor.
“Bitcoin," he told Bloomberg, "is the exit strategy.”.
https://www.coindesk.com/business/2024/02/20/michael-saylor-on-exiting-bitcoin-bitcoin-is-the-exit-strategy