Yeah, there's always that possibility of a big drop, especially when prices have been shooting up like crazy. But trying to pinpoint when it'll happen is like playing a guessing game. It's like trying to catch a falling knife.
Figuring out BTC's price direction is not as difficult as you are making it out to be, and one of the most important things for anyone who is either a low coiner or a no coiner is to get enough coins to prepare for up, and if you fit into one of those categories of no coiner or low coiner, then by definition you are not sufficiently/adequately prepared for Up.. and the only real meaningful way to prepare for up is by buying more BTC. You go not prepare for UP by preparing for down that may or may not end up happening.
Hopefully you mahaveer96 have sufficiently/adequately prepared yourself for up - yet I have my doubts since you don't even seem to know how to properly frame the issues of where we are at, how we got here and where we might be going.
exactly, waiting for the dip as a low coiner or no coiner shows that one is not ready to invest or to start his bitcoin accumulation journey.
I do understand that there is a bit of start up costs for anyone who is entering into some kind of a new activity, and surely people who have never invested into anything may well have certain psychological obstacles because they don't know about how to do something that is within their own good.. and so just getting started can take a while, and surely they don't even have to invest a lot or even make any kind of large investments in order to engage in a little bit of preparation for UP and/or down but just to get a tiny bit of stake with an amount of money that might not even be that important to them in the event that maybe they are starting out with something like $10... and surely $10 is not going to make any difference in their lives either way. . so sometimes there may well be some needs to engage in a bit of due diligence and studying to be able to get themselves to a psychological position to take a bit of a less whimpy stance (stake) in a kind of investing/savings practice.
Where most people do get it wrong , is having the urge to always buy the dip (which may not happen before price surging).
Yep.. just get started is the main thing..
And, too many people try to be too smart for their own good, especially when the entry position is not as important as many folks imagine it to be, and perhaps there is a bit of brainwashing and/or group psychosis when there are some of these commonly held beliefs that are not even logically (and probably factually also) correct.
so in that regard, there is a kind of false expectation and/or hope that there is a need to be profitable right from the start, or to maximize the chances of starting out profitable blah blah blah.
And may lead to one missing out big time , so to avoid such start accumulating more bitcoin now. And DCA strategy as made it easy for most of us to accumulate at any price interval either when the price is low or high. And is also advisable for one to have some funds set aside fqs reserved funds to buy the dip if there's any .
For start, there could be some advantage in having some various kinds of funds, but probably for start there would be a preference to attempt to keep the matter as simple as possible.... with something like a clearly manageable amount and then working on some of the details in regards to getting their financial matters in order, since there are so many folks who are not used to being somewhat organized in their finances because they are not needing to b organized in their finances since they are likely not engaging in any kind of investing (especially in any kind of asset that is inevitably going to be volatile).
No one knows at what price ATH will happen so people who love Bitcoin are always interested in buying Bitcoin. But in this case, panic buyers and panic sellers make decisions very quickly due to which they face huge losses. As Bitcoin is a strong digital asset, it is wisest to invest in it long-term regardless of its price. there are HUGE investors who are now investing heavily in Bitcoin even though the price of Bitcoin has pumped up and hit a new ATH.
if big investors are willing to buy bitcoin even though the price is rising, why are they still hesitant to buy bitcoin for the future?
Before buying Bitcoin assets, the investor must still carry out in-depth analysis. not because you have money and then just buy it without any further analysis.
Your idea of a need for "in-depth" analysis prior to investing in bitcoin seems to no9t ONLY be erroneous, but likely leading no coiners and low coiners to feel some kind of need to figure shit out prior to investing, which truly is not the case when it come to bitcoin. When it comes to bitcoin there are a lot of things that are quite complicated and potentially stop someone from investing if they were to conclude that they have to understand bitcoin with some kind of depth - when most likely all they need to get started is some kind of a hook of an investment thesis, and they can figure out the details as they go.. and maybe start out with some small amount, such as $10 while they are looking further into whatever levels of details they feel that they need to understand.
Now as far as figuring out their own financial and psychological matters, that may well be another story, since the various aspects regarding a persons own financial and psychological details are likely more knowable and within abilities to figure out, yet they still don't need to figure them all out prior to investing into bitcoin, just like their view of bitcoin compared to other assets is only one of
9 individual factors to consider when investing into bitcoin while they don't have to be figured out in detail prior to getting started.
that alone is enough for us to buy bitcoin whatever the current price. especially for me who can only buy no more than $100 in bitcoin every month. Just buy and wait until the next halving, then see how your portfolio grows.
This part kind of seems correct, yet I am not sure exactly what you mean by "the next halvening" since we have a halvening coming up in about 3 weeks, so are you suggesting that someone invests into bitcoin for 3 weeks ONLY? or are you referring to the next halvening being 4 years from now?
I would agree that having a 4-year investment timeline would be a good idea, yet if you were merely referring to this upcoming halvening as an investment timeline, then that would more likely be trading and/or gambling rather than investing.