For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.
it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.
Yes, I think it is certainly true that if you think you will buy when the price drops, then of course you have to wait, but I think if you can invest in Bitcoin now, then it is better. But since you will invest in the hope of profit, you have to hold on tightly and of course keep it away from the long term, from where you can profit. But it is also true that if you can hold it for the long term, then you will get the price you want from it, until you get the price you want, you hold on until you get the price you want and do not be disappointed if the price drops. Of course, he can invest in the gold that you have talked about investing in, but if he is not rich, then he cannot invest in gold, but if you pay attention, you will see that all classes of people can invest in Bitcoin.