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,
When I see someone with the mindset to wait for the bitcoin to drop, it always makes me think that the person is not serious buying of bitcoin or buy now. We can never know when the price will drop, that is why I always say that every time is good to buy bitcoin, those who wait for the last two years and last are regretting not buying it then because the price has risen, waiting for the right time may still cause some people to miss the opportunity to buy this year and later. Bitcoin's price is volatile, so our strategy is to buy utilising the DCA method and accumulate as much as possible before the price rises even further.
Waiting has not been a good strategy for the past nearly 3 years (since the November 2022 bottom). Sure there have been a few price drops since November 2022, yet the BTC price has mostly been going up for that whole time.
We can look at the charts and see that probably front loading would have had been good for anyone who might have already had money that they could use to buy bitcoin in a lump sum kind of a way. Otherwise, even the plain ole DCA would have worked decently well. - even going by your forum registration date of December 24, 2022, HajiBagi. If we calculate someone investing into bitcoin for nearly 3 years, we might see that even a person who had invested
$200 per week would have invested around $28k and would have had accumulated right around 0.8 BTC. Doesn't seem like a bad place to be for a guy to have had accumulated somewhere in the ballpark of 0.8 BTC for around $28k, and surely dependent on the budget that a guy might be able to put together on a consistent basis and the amount that he is able to spare into bitcoin, even though if that same person had been able to lump sum that same amount of $28 into bitcoin around that same time at various points in 2022 (especially after June 2022), he would have had been able to accumulate more than a whole bitcoin with a lump sum as compared to spreading out the investment over 3-ish years, yet people do not frequently have large sums of money that they can tap into in order to invest into bitcoin or into anything else. ..
Many folks end up figuring out how much they can invest on a regular basis (perhaps weekly?) and then just investing and building their bitcoin position over time, and it tends to take a decent amount of time to build up an investment so that later down the road the benefits of all that hard work, dedication and delayed gratification might have good chances of improving the guy's situation, even though such guarantee of improvement was not and is not present.