Can we just remove generalizing bitcoin with other shitcoins and call it cryptocurrency? saying that bitcoins is a cryptocurrency sounds to me like you are classifying bitcoins alongside shitcoins. market capitalization of bitcoin alone is higher than all the whole cryptocurrencies put together so bitcoin deserves great respect.
Actually, cryptocurrency does not just mean shitcoin, cryptocurrency means all currencies. Now Bitcoin is also one of the cryptocurrencies, but if we are talking about Bitcoin, then we should mention Bitcoin instead of cryptocurrency.
Of course, buying Bitcoin when the price drops is very profitable. But I didn't include it in a category because I don't want someone just starting out investing in Bitcoin to wait for the price to drop before making a purchase. If they wait for the price to drop to a relatively low level, I think it's fine. But it would be problematic if they waited for Bitcoin to drop to tens of thousands of dollars before making a purchase. As we know, the potential for Bitcoin to drop to tens of thousands is very small. So I don't want anyone to wait too long for something uncertain when investing in Bitcoin. But again, I emphasize that if HustleZ waits for a relatively low price drop, he could still be waiting to make a purchase. So, basically, we don't know what his plans are if he chooses to buy Bitcoin during a price drop. Therefore, I didn't include buying during a drop in the category because I'm afraid he'll wait for the price to drop significantly, which would be a waste of his time.
If someone sets a specific target and waits for the price to fall and if the price does not fall as expected, he will never be able to invest. What is the reason for waiting for the price to fall? Will he not invest in the DCA method? Or did he plan to buy at once? If investing in the DCA method then there is no need to wait for the price to come down.
However, we don't know in the future, we know if the price of Bitcoin will decrease as before in the future. Now maybe some people can wait for a big fall, I think they are looking for the wrong way, which they may regret in the future. Because those who are waiting for a big fall, they will never be able to invest in Bitcoin, due to which they will regret in the future. So to invest in Bitcoin it is better to choose DCA strategy, if you invest in DCA method you can buy at average price, if you see big fall while continuing DCA then you can exploit the opportunity to buy dip.