How do you know that there will be a prolonged bear market? Sure, you are presuming some kind of a blow off top, and surely some kind of a blow off top would cause a prolonged winter to make more sense, but we still hae to see at what level our top reaches. If we reach only something in the range of $130k to $140k for our top, then do you still think a prolonged winter would be justified in those kinds of circumstances? I think that you ave a lot of presumptions in yout thinking, even if you might end up being correct with your overall sentiment of BTC price direction.
You know this too, everyone knows it. This cycle has an end. That's what I was talking about. I don't know if it will be 160k or higher. Don't you think this cycle will end this winter with one last ATH? Do you think we will be in a bull market next year or the year after?
If you're a trader, your assumption might be correct. But for a long-term investor, I don't think it's a valid statement. The current price of Bitcoin is still very low compared to its price in 10 years. So, why wait for a price drop when buying Bitcoin? I think that's a waste of time. But perhaps you're not a long-term investor, which is why you're hoping Bitcoin will drop to $110,000 before you can buy. It doesn't matter whether you're a trader or not, but your assumption might influence beginners who want to invest in Bitcoin. Therefore, I think that assumption needs to be addressed and clarified. Beginners are essentially visiting this thread to learn how to invest in Bitcoin correctly, not to learn how to become traders. So, don't let any Bitcoin beginners get lost and misguided just because they read posts with poor content.
No, I don't trade much. If you know about Bitcoin's halving cycle, you should also know that this rise won't last forever. Compared to the price in 10 years, the current price is obviously lower. Because there will be 3 more ATHs in between.
The whole point is to buy at the DIP. That's why we buy when the price drops. You've been a member here for less than two years, and you're deciding who is a long-term investor and who isn't? Don't make sense to me. Do you even know how many bull and bear markets we've seen here in the past 10 years?Bitcoin has already fallen. If you're not going to buy at 110k, then at what price will you buy? This may be your last chance to buy, because the cycle is not over yet and there is a high probability that we will see a new ATH.