This image just tells the whole story without even trying too hard.. So many persons still stuck on I will wait for the perfect entry mindset, they keep saying they will buy when Bitcoin drops to this or that price, but months pass and they are still standing on the same step, watching the market move without them. The funny thing is, even if price actually hits their dream number, most of them still freeze because fear kicks in…. Meanwhile, the person who decided to just buy a little bit consistently, no matter the price, is already halfway up the ladder without stressing over every chart move..
To be honest I'm not in support of waiting to let price get to a favorable entry zone before buying bitcoins. In fact, waiting could mean you'll never get to experience that price range you've been waiting for a long time, because the market is indeed volatile and prediction doesn't always go as plan. I could remember the early part of last month, we had several person making prediction of bitcoin dropping down to a good buying position due to chart pattern. But price ended breaking another ATH which is $123k and market price is still around the ATH zone. The best approach to bitcoin investment that I've seen so far is accumulating bitcoin using the DCA strategy. You can imagine a scenario where such person wanted to make an investment of $100 but waiting for the price to get to probably $75k but price didn't, it's possible he may end up spending the money after waiting for a whole month and price didn't get to that level.
But for someone who's using DCA he might split the $100 into 10 part investing $10 weekly while the remaining are kept as emergency fund. And it might be shocking to know that the person who is waiting for price to get to a certain level may not have an emergency fund to fall back to when emergency need arise, and may end up withdrawing from his Bitcoin investment.
The perfect time to buy Bitcoin is when you have the fund, no need to wait for the perfect entry point because you don't control it's price. Bitcoin is volatile and anything can happen within the shortest period of time either to your expectations or not. So don't sit and wait when you can buy, if you have the funds buy immediately and look forward to buying again. I wonder why you should wait for dip when you know that Bitcoin will reach ATH sooner or later, you can buy now and if it dip you can still buy again so far you're on DCA strategy.
For most of us that have financial responsibilities delays could be dangerous, when you budget money for something do it immediately the money enters your hands. If you don't have money in abundance there's need to be proactive, when it enters use it judiciously and if you have allocated it to buy Bitcoin don't hesitate because it's a store of value.
You are right, when he has money in the fund like buying M Bitcoin, then they can start buying Bitcoin. He should not sit and watch the market, because the market is always changing, he cannot say for sure what the market can do next. So if you have money in the fund, then you can start. Yes, it is right if he understands that the market will dip very soon and there is a possibility of dumping the market very soon. In that case, he can be patient for some time, when you understand that the market will start rising again, then you can start buying Bitcoin.
Yes, it is right if you have a proper understanding of the market and a proper understanding of technical analysis and fundamental analysis and if you have the ability to examine the market properly, then you can take a decision by examining the market properly. I don't think investing in Bitcoin will be risky for you, I think it is the best currency for you for a long-term investment which is very easy and you can continue to invest without risk.