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People who are waiting for the price to drop before buying , what are they waiting for when they have the money? I don't see any reason why some people will chose to wait when they have the money to buy bitcoin. For me, individuals who always think about waiting for the price to drop and buying bitcoin did not have money to buy it. If you have money, you can buy bitcoin without thinking about the price, waiting for the price to fall does not imply that you are wiser or smarter than others; no one can predict the price of bitcoin, therefore it is best to buy when you have the money and without thinking about the price.
For me, there is nothing special about waiting for the price to drop because it is a waste of time for me and sometimes it leads to regret at the end if you didn't buy and the price keeps going up. If you have money to buy bitcoin, do not waste time thinking of waiting for the price to drop, you may be waiting for the price to drop and you won't be able to buy at the end, buy with the amount you can afford to buy and hold. Although you can buy when the opportunity come, buy it is not advisable for anyone to wait for the price to fall before buying bitcoin.
Most people who wait for a price drop don't even trust their own instinct and they end up not buying bitcoin at the end. Most times it's not that they don't wish to invest but they are fearful to invest which is why they anchor their procrastination on price drop. These set of people, when price finally drops get another reason to wait further, they then begin to doubt the ability of bitcoin to stop dropping after they have bought their own and start rising to the top.
Those set of people only want bitcoin to behave in their own way, they don't trust anything anyone would say, they just don't wish their bitcoin drop further after they have bought theirs. Instead of buying, they decide to wait further to see if it could drop further. They keep procrastinating until when they wake up to see a leap up by bitcoin and they even get more scared and forget about investing until while the waiting contnues.
If anyone must be successful in bitcoin investment, he must learn how not to be procrastinating, he must learn how to buy continuously as long as he has his discretionary income instead of waiting for a dip that may never happen. Everyday fiats keep degrading and the money you refuse to invest today looses value every moment. Consider every stage or price as a buy buy moment. A good DCA approach would help you forget the chart and focus on buying instead of watching the price which is all you need to succeed in bitcoin investment. If such investors has extra discretionary income during any dip, he can still buy and add to his regular DCA allocation. DCA approach helps you to stay in the investment and helps you not to miss opportunities as your DCA can also fall in dips. Setting up a long term holding plan of possible minimum of initial 4 to 10 years holding period and aiming at holding further and also planning a sustainable accumulation target would keep you off the delay tactics and makes you a wiser investor that makes the best out of every opportunity to buy bitcoin.