⭐ Merited by JayJuanGee (1)
Here, instead of arguing about time, we should talk about the real purpose. The main purpose of long-term investment is to avoid short-term price fluctuations or market volatility and make big profits by keeping the investment for a long time or years maybe 10 years or more. As a result, the stability of assets increases. The instability of a few days, months or years can be avoided. Through this, you can save yourself from the impact or panic of investment. Not only that, compound interest means profit on profit. In short, if it is said in a formal way, if you invest for a long time, the profit is reinvested and money grows on money. So instead of arguing about time, pay attention to your holding capacity.
Sure I mostly agree with you, still I think it is wise to always educate people on patience. It is one of the virtues that has no boundaries. One and a half cycles is not a long-term investment. Did you see the news of recent massive wallet movements, the old wallets? Now that is a long term investment! We live in a terrible economy of overpriced consumer items that nobody needs. They use all propaganda to make you desire things that are useless. Stuff like $1000-$1500 phones, come on. Nobody needs those things. Safe your mind and body, don't sell and don't spend.It seems that the pushback that you are getting are both in regards to the specifics of your earlier timeline for dips and recovery and then also newbie guys seem to be less receptive to the idea of significantly changing their level of aggressiveness based on both uncertainties regarding the dip but also that changing their aggressiveness levels might otherwise screw up their cashflow management practices and/or systems. So it seems to be somewhat counter productive for guys to be changing aggressiveness levels based on BTC price moves (and speculation) rather than perhaps changing aggressiveness by knowable, such as how strong their cashflow management systems are.
DCA defeats any strategy of dip chasing. Normal people would not even have time to consider something such as dip chasing. Find a way to make DCA automated, set it up and forget it. Come back in a decade or two and see where you stand. One of the best ways to do it. As long as you don't look frequently, you will never have temptation to sell. 