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,
In bearish season, this is when supply is greater than demand because of reduction in market price investors tends to be scared and have less confidence in market price, and these is where traders rush to buy more in other to make their profit in any little increase in price that is during the bullish season, since they are known to be a short term holder,also long term investment sees these as an opportunity to accumulate more for those that have extra fund on them to front load their portfolio in other to reach their stipulated target on time using DCA, which also gives an investor reason of not timing the market and avoid the risk of single cost price. DCA helps an investor to systematically purchases a fixed amount of an asset, at regular intervals regardless of price either in the bearish or bullish season.
Of course what defines the bearish season is not just the falling price but the psychology behind it. Fear takes over and weak hands exit the market, which is why prices dip further. Short term traders may sometimes take advantage of quick moves, but it is really the long term investors who gain the most because they accumulate at lower levels while others panic.....That is exactly why DCA makes so much sense. Instead of worrying about the exact bottom or top, you build your position step by step across all seasons. In the long run those steady buys make a huge difference, and history has shown that it is the patient accumulators who come out stronger after every cycle.
Don't contradict this word short term traders because they are typically traders and JJG has made it clear before so instead of using the word short term just called them traders instead before newbie will think there is such category of people in Bitcoin. Holding for long is the best way and will always be the... as long as Bitcoin Investment is concerned. Anyone who take his profit or sell when Bitcoin drop due to fear can never be called an investor because real investor doesn't get drive by market Dip and selling when market dip could mean, lack of Bitcoin knowledge, lack of trust or maybe that person used what he can not afford that is investing with money outside their discretionary etc.
I agree with you, in fact, those who trade Bitcoin for a short time consider it like gambling, and I personally think that Bitcoin is not for trading, it is a means of securing the future of yourself and your family through long-term investment. And investors and traders, whose concepts are completely different. Investor always decide to make investing after thinking about it deeply and getting fundamental knowledge , and those who traders, invest only thinking about profit and want to get rich quickly. That's why those who invest thinking about trading, like gambling, sometimes make profits, but most of the time, people basically lose. I also first came to know about the concept of investing in Bitcoin through DCA method through discretionary income from JJG sir. It is quite clear that this is the easiest and simplest way to invest in Bitcoin. By following the DCA method, investing through discretionary income does not cause any kind of mental and financial stress and there is no disruption in the investment due to Bitcoin fluctuations because those who invest in this way do not worry about whether the selling price has decreased or increased. So we should make long-term investing more acceptable to beginners. Short-term investing is basically a type of gambling for traders, with very low chances of making a profit. I would even include those who have invested or are holding for two or three years among these traders because if you hold Bitcoin for a minimum of 4 to 10 years or more and invest regularly, you can see the real profit. If a person who has been trading for only two or three years could have extended it for more than 4 years or up to 10 years, he would have made several times more profit. We understand this from the past.