i know you are obsessed with wanting people to just blindly buy at any cost.. but thats the rhetoric of greedy holders wanting naive people to buy high, so that the greedy holders can sell high
the smart investor will always look to take an opportunity to buy low. because thats just smart investing
#buy-low,sell-high
sidenote:
buying low means investors get the advantage of a later rise coming soon to break even/profit..
- the higher you buy at the longer you have to wait to break even/profit
- the lower you buy at the sooner you have to wait to break even/profit
however those already holding whom want naive investors to buy high, are just greedy by wanying highly supported highs for them to sell high..
I know some people who said they will buy Bitcoin when the price is low. Many of them have not yet bought because the price has not dropped to the price they want. It might also be difficult to predict when the price will drop. So it might be better to buy Bitcoin when you can afford it because if you keep waiting for a low price, it might never happen at the time you are projecting.
its because for instance,
myself, i have hoards from years prior, so even on this weeks low im still in profit. i dont need to sway others to buy high/higher. im happy to sel at any price and profit. i dont need to be greedy to tell others to buy high. plus its not really ethical to try to sway others to buy high
if you just want new investors to buy even on the high, thats your greed.
if you were smart investor you would already be in profit even on this weeks low, to not need new investors to buy higher
That is why it is important to have a long-term plan for Bitcoin investment. People who bought at this time might also have the opportunity to sell at any price in the future, just like you. DCA strategy remains an effective means of accumulating regardless of how the market moves.