Sometimes the market may seems to appear against our direction, but it's nothing than a temporary market behavior which we are not supposed to count as what could make us fear and sell, because some will be made to react towards market behaviors like this and if we don't planned and get prepared hahead of these, we may think that we must sell in other to avoid going bearish together with the market the more, when we should be holding the more,
If truly you're an investor that's buying bitcoin for the long term,then you don't have to worry about the violatility of the market since you're already on a long term accumulation plan. All what you should be focusing on is to be consistent in buying/accumulating bitcoin weekly or monthly from your inflow of Discretional income until you have achieved your accumulation target.
these are part of the mistakes our newbies engaged, because they are yet to fully understand what everything is about in bitcoin investment, as in knowing the best buying or selling point before taking any action.
Nobody has full knowledge and understanding of everything about bitcoin, so if you are waiting to acquire complete knowledge about bitcoin before investing then you may never invest at all. All you have to do is to learn the basics about bitcoin and get started.
Secondly, you don't have to be timing the market waiting for the best time to buy Bitcoin. I believe the best time to buy Bitcoin is when your discretional fund is available, and also you can be consistent and persistently in buying bitcoin if you have a regular flow of discretional income that comes weekly or monthly.
Timing the market as an investor is wrong because it is a total waste of time and energy, what's the points of monitoring the market when you don't have any control over it.
Timing the market is actually a terrible way to invest in Bitcoin because by doing so you are going to miss so many buying opportunities that would have been used to buy a huge chunk of Bitcoin, so it's not wise to wait before buying, because you might not even buy in the process of waiting since you might still be waiting thinking that the price of Bitcoin might go deeper.
Additionally, having the basic knowledge is one thing and acting in it is another thing, so starting once you have the basic needs is the ideal thing to do once your discretionary income is available, because now is the best time to invest in Bitcoin not tomorrow or next tomorrow.