I bought decent amount worth of bitcoin when it hits $8500 to $9000 in 2018 but after that it went to $3000 nearly which is the place most of the people lost their faith and sold their bitcoin for extreme losses.But you know I didn't do that mistake and now in profits
You were not able to buy below $8,500 and above $3,120 between about late 2018 and about May 2019?
Or did you feel that you were already too much invested in BTC?
If someone is NEW and Maybe had a bit of fear cause of the correction.... I can understand that.... though if there was FIAT left then its still pity you didn’t bought to DCA.... but still you HODL and learn when being in the proces so thats something to cheer on!
Yes, exactly, any of us who have some BTC conviction realize that it would generally be the best of strategies to continue to buy all along rather than stopping and getting too freaked out to buy more during the dip... but we also know that a lot of less experienced bitcoiners and newbies do exactly that..they fail/refuse to buy, and I supposed a less worse situation is to at least HODL through and not to sell at those prices.
Frequently a systematic error of some of us more bullish folks is to buy too much on BTC price dips, and therefore to run out of money when the BTC price goes lower because we bought a bit too much at higher prices. I know that I had a bit of this kind of problem in the dip from $6k to $3k, and in that regard, I was not able to take advantage, as much as I would have liked of that particular dip. I also had some real BIG bills come due in late 2018 - which is not exactly great timing but disallowed me from having as much cash flow as I would have liked to have had in order to have been able to take advantage of BTC prices in that price range and during that time that the dip lasted.
Another reality is that from the mid December 2017 top at $19,666, BTC prices had their first dip to nearly $6k in early February 2018, so there was already one dipping opportunity to pick up some more coins, but then the second dip lasted a whole hell of a lot longer between March 2018 and December 2018. And, yeah of course, the recovery from December 2018 to April 2019 even had a bit longer periods of BTC prices below $8k into early June. So gosh, couldn't we say that there were close if not more than 16 months of "opportunities" to pick up sub $8k coins? At least some. Usually there should be some abilities to generate some cash flow during such a seemingly extended period of time... but there also needs to be some belief in the asset, too.. so there is that belief issue going on with some peeps that might hold them back from pumping a little more value into BTC accumulation and to perhaps attempt to either bring down their cost per BTC and/or merely just to accumulate more BTC.
Big foot seems a bit more likely. Bitcoin will be overtaken by a shitcoin is of course the most pernicious and dishonest of all cult theories. 