What happens if a person starts to invest in bitcoin at or near the top of the cycle?

what happens if a person starts to invest in bitcoin after the top and as the price is going down?

What happens if a person starts to invest in bitcoin at the bottom of the cycle and/or as the price is going up?

Even though there are some guys who are able to start their investment with a lump sum or to front load their investment, into bitcoin, yet I imagine many would be investing into bitcoin in a regular way, such as weekly and such as dollar cost averaging.

Should the above described situations be treated differently, since a person might not know exactly where he is in the cycle.  To get started does a bitcoin newbie need to learn bitcoin cycle theory?


Sometimes I wonder if members participating in threads like this are speaking from actual experience or merely from theory.

Many of us should be able to figure out from our own experiences how much we need to know about bitcoin and/or about our personal finances/psychology.

Sure, many of us are learning as we go, so we may or may not recognize that we might need to make adjustments to what we are doing or what we plan to do.

Many times, I proclaim that guys need to get started as soon as possible, and that guys can work out the details, yet guys cannot get started right away if they cannot even figure out the extent to which they have discretionary income or not, and they also should not get started if they have personal problems that inhibit their abilities to learn and/or their inclination to fall into gambling (trading) practices rather than trying to approach bitcoin as an investor.

Sure some folks might not know the difference between being an investor and a trader, yet that should not necessarily stop them from getting started and trying to figure out why so many guys in this forum suggest that approaching bitcoin as an investment is better than trying to trade it.


You are talking about a mindset that you believe that a newbie bitcoiner needs to have before investing into bitcoin, and there may well be a lot of folks who are not sure about if they are an investor or a trader, and there also might be folks who are not sure about how long they want to get into bitcoin, so are you saying that these guys cannot get started buying bitcoin, unless they have answers (and a vision) in regards to the important prerequisite topics that you presented?

Don't get me wrong.  I am not opposed to some of your ideas, yet I question the extent to which normie newbies need to have the qualities that you suggest prior to their getting started buying bitcoin, and cannot they just adjust their beginning position size to be smaller if they don't have all of the qualities that you consider to be required prior to their getting started buying bitcoin?

And you seem to also be suggesting that a normie newbie needs to start out by figuring out how to use a wallet prior to buying any bitcoin?  And, they have to learn about scams too?  How long is that training going to take?  Do you have a mini-course that you are providing for normie newbies?


Oh my..   

favorite coin?  bitcoin?


 
That sounds good.


The normie newbie doesn't need to know anything in order to start investing into bitcoin, then?


This is pretty vague.

Maybe an example would be helpful.


What you are suggesting has a trading sound to it, yet I suppose timeline might make a difference in terms of figuring out how to interpret your puzzle.

My own idea is buy and continue to buy until reaching overaccumulation status then you are able to sell, within your overaccumulated amount, yet you would not be selling with intentions to buy back cheaper, yet if the price dropped cheaper, you would have the option to use some of the funds generated from the sale to buy back.

As already mentioned, you cannot sell unless you bought first, and personally I recommend that newbies build up their bitcoin stash through ongoing buying, so they would not be selling perhaps in the first several years in being in bitcoin unless it is just sell and replace... so in their beginning years in bitcoin - perhaps a whole cycle or longer, they would ONLY be buying and building the bitcoin stash and hopefully ongoingly studying bitcoin and their personal finances so that they can figure out what they are going to do next after they built enough bitcoin or even in the process of trying to figure out how many bitcoin is enough or more than enough.. which they might not even be able to reach in the first cycle or two, unless they are able to employ a somewhat aggressive bitcoin accumulation strategy (that only involves buying).