I think that the point is that if a person is either brand new to bitcoin or considers himself to not have enough bitcoin, then he has to buy bitcoin in order to be prepared for UP, since he does not know if the BTC price is going to go up or down.
If any person joins this market with purchases and with a belief that Bitcoin price will go up, up, up and up, it's terrible thinking and horrible start. Bitcoin market is similar market, which can not rise forever and has up and down, bull market and bear market. Any people join Bitcoin market must know about it, and be clear about why he buys bitcoins, how long he can hold his bitcoin after purchases. It requires knowledge, and strategy for buying and holding, not simple.Quote
If he does not buy, then he is taking a chance to want to buy bitcoin at lower prices than the current prices, yet those lower prices might not happen. If they happen, then is that when the buying starts?
They must start with learning.Learning about Bitcoin market cycle.
How long does a Bitcoin market cycle last?
Which percents of corrections from ATHs to bottoms of past bear markets?
Which ROIs from bottoms to ATHs of a next market cycle?
Many things for learning but these things are important for their knowledge, mentality preparation, finance and investment capital preparation as well as strategies for their purchases, holdings, and withdrawals.
Bitcoin performances in October months so far.
