For those who are still waiting for the bearish season to arrive before they can buy bitcoin, I think they should just count themselves out of the people that will buy bitcoin this season. Because a person who really wants to invest in the Bitcoins will not still be waiting for the bearish season to arrive, and they say the earlier is better. What if the bearish season later comes at the wrong moment? How can he do it? He will end up with regrets.
Whats the definition of bearish season? Five years from now, may be we will call this price of 115k as bearish just like we now call price of 10k back in 2019 as bearish. I think there is no formal definition of bearish price or season as we are not sure whether current price is the bottom or price will go further down from here. Those who don't have good amount of Bitcoin must continue to accumulate bitcoin for five years or more and they must not pay attention to voices of bearish season and it's too late to buy Bitcoin.
If you wait for Bitcoin to fall, you may regret it in the future, because the price of Bitcoin, which is a challenge to determine, is cheaper today than in the future because the demand for Bitcoin which has increased greatly at present and will increase many times in the future and the price of Bitcoin will increase greatly, but although there is no guarantee of this but the future of Bitcoin is bright, when to enter or exit the market for investment frees you from this kind of challenge when using the DCA strategy, the DCA strategy will be the best for you to grow your wealth,
This is true, because waiting around for Bitcoin to drop more is how a lot of people end up with nothing… Truth is, nobody can tell you the exact bottom, and if you keep waiting for it, you might just sit there and watch the price double before you even make your first buy… Even now, what looks expensive today will probably look cheap a few years from now, that is just how Bitcoin has always moved..
That is why DCA really saves you from all that headache.. Instead of stressing about the perfect entry, you just keep buying little by little no matter the price. Sometimes you will buy high, sometimes low, but in the long run your Bitcoin stack keeps growing. It might look slow, but it works way better than trying to play smart and timing everything…
You are correct, and I can tell you that this is one of the reasons why some individuals do not have Bitcoin today. One thing an investor should remember about investing in Bitcoin is that every time is good to buy Bitcoin; don't expect the price to drop to use the opportunity to buy Bitcoin; when the price drops $103,000, some people think the price will drop more than that, and the price has risen back to 115k; some people still believe that the price will drop, If they do not have the funds to buy in large amounts, they are free to buy with any amount they have and keep for a long length of time, it is not required to buy in large amounts, at the absolute least, buy now rather than waiting a long time, as we do not know if the price will drop soon.
Stop calling someone who has not buy Bitcoin for investment as an investor. You should say an aspiring investor or anything you choose to call them. Bitcoin investment is accessible to anyone, as long as you have a stable income to carry you along the line. However, not everyone can invest in Bitcoin because of several reasons. One big reason is procrastination and personal conviction. Most people will never accept any new technology unless they are convinced personally and how is that possible if they do not give it a try.
A stable income is not just what is needed for one to start accumulating bitcoin but rather discretionary income therefore I believe it will be appropriate to say that as long as one have discretionary income they are good to start accumulating bitcoin instead stable income. Since it is possible for one to have a stable income without having a discretionary income, because our expenses do differs. Finally even without a stable income one can start accumulating bitcoin as long as the discretionary income is there to start with.
You are right dude ,Having a stable income does not guarantee the ability to invest if all the cash is tied up in necessary expenses , discretionary income truly is the key factor because it is the extra money that allows you to take financial risk or build assets like Bitcoin. it also makes the i deal of starting small much more accessible , even if the income is not stable as long as you have some discretionary funds you can begin accumulating
The thing here is, only people who can actually plan their finances well that end up having something left to invest. If you are just spending randomly and every little income goes straight into bills, then you will never see extra money for Bitcoin.. Discretionary income does not appear by magic, it comes from being intentional about your money, cutting out waste, and setting priorities right…..
Those who manage to keep aside discretionary funds are the ones who can afford to take that step into building wealth. It does not matter whether they earn a lot or a little, what matters is they know how to budget.. Someone earning average pay but disciplined with their money will stack way more Bitcoin than a high earner who spends everything without thinking..
At the end of the day, investing in Bitcoin comes down to planning. If you can not control your finances, you will always end up touching your investment or not even starting at all. But if you are able to consistently put aside even a small bit as discretionary income, then you are already in the game…