That's the biggest mistake they made for decision to abandon Bitcoin when those people think that they cannot get something on Bitcoin since the price is not appealing to them. Then look at what happen now the price of Bitcoin surge and to bad for those people that they didn't buy Bitcoin while its cheap then now they regret and have those flashbacks that they should buy Bitcoin when they think the price is so cheap.

If people think about they are late or anything negative then decide not to buy Bitcoin then provably that again these situation will happen again especially that Bitcoin potential growth has not end yet.

Also if they want to be a traditional dude then let them, but for sure they missed a lot of opportunity to gain if they decide to pass on Bitcoin.

Some people you may see abandoning Bitcoin in their wallets did not just abandon it; rather, they shifted their attention away from it when the Bitcoin price was low. The reason some people do this is to avoid getting frustrated, and I think that is the best approach. Imagine someone buying a certain amount of Bitcoin during the last bull run at a price of $60k, only for the price to drop to less than $20k during the subsequent bear market. How do you think that person would feel when they open their wallet?As for me, if you don’t have money to continue accumulating, the best option is to leave it untouched for a long period of time.

The truth is, not everyone who takes their eyes off Bitcoin investments thinks that the price of Bitcoin will never rise again. For some, this is the only way they can maintain peace of mind regarding their investment by not checking the price of Bitcoin. Constantly monitoring the price can cause panic, which might lead to selling. If someone truly believes that the price of Bitcoin will never rise again, they should sell it. However, many people abandon it temporarily and focus on other things because they see it as a long term investment.

It is not entirely false that most people abandon Bitcoin when its price is very low. However, we can never call those who start selling Bitcoin as soon as the price of Bitcoin drops. We can call them traders. To be honest, those who invest in Bitcoin only in name always give Bitcoin a bad name. They never run long investments in Bitcoin. Because they lack tolerance. They only look for a low price market and think that they will buy Bitcoin today and sell it again in a few days. But, most of the time their plan works completely the opposite. That is why they always give Bitcoin a bad name to people.

We, the forum members, will stay away from such investments, but rather advise others to stay away from such investments. There is no specific time for Bitcoin investment, anyone of your choice can start investing in any method at any time. However, DCA is a method that has helped all investors to benefit from their investments to date.

You have identified a bit of a dilemma - since yes, we know that bitcoin is not guaranteed to go up forever.. but there is a Lindy Effect. .and there is confidence in fundamentals.. and there is a kind of sense that comes along with the ongoing existence of bitcoin and the ongoing uptrend contributing towards more confidence.. ..and probably it never gets to a guaranteed level.. yet our confidence likely continues to grow....

And, the person just getting into bitcoin might be even more nervous because he does not have a historical profit cushion.. so in the short term he is likely going to see up down and sideways.. and likely as he either keeps buying or sits on his investment, he likely sees more and more chances that he is in profits... another thing about ongoing buying of bitcoin for at least one whole cycle, then after 4 years of investing, it becomes more and more likely that our average price per bitcoin is around the 200-WMA.. and historically bitcoin actual spot price is 25% or higher above the 200-WMA.. so there can be a bit of higher confidence in regards to where we might be after 4 years of investing into bitcoin..

Of course, many times over a long period of time, and probably even over a 4-year period of time, the nominal amount of a guys income is likely to go up, and it might be another question regarding if the nominal amount of wage increases are actually keeping up with the debasement of the fiat currency, yet even in nominal terms, then a guys ability to buy more bitcoin will continue to go up, and so it may well end up being the case, that even after 4 years of investing into bitcoin, the guy's average cost per BTC is still somewhat higher than the 200-WMA.. unless he was able to front-load his investment, and still I would not presume any guy's ability to meaningfully front load his investment into bitcoin, even though I might suggest that it is likely to the benefit of anyone getting into bitcoin to try to be as aggressive as they are able to be in regards to accumulating bitcoin, yet surely newbie bitcoin investors likely will also have to spend time making sure that they shore up their back up funds and other aspects of their cashflow management so that they do not end up contributing to their own recking of themselves, since it is one thing to be a aggressive as you can, and it is another thing to overly do the aggressiveness and to end up engaging in gambling rather than investing due to sloppiness in cashflow management and no one is going to help anyone out who fucks up their own BTC accumulation by overly doing it and ending up wrecking themselves because they could not figure out the difference between being aggressive and overly doing it.,. and another part of the reason to have various back up funds is in order to save ourselves from ourselves since all of us are likely to make some mistakes along the way, but if we at least have back up systems, then our mistakes will be more likely the kinds of things that we can correct and also would not fall to the level of having to sell some (or all) of our bitcoin at a time that is not completely of our own choosing.

In regards to front-loading into bitcoin, there can also be some ways that guys are able to front load their investment into bitcoin, yet it not always possible to accumulate extra cash in order to buy ahead and not necessarily need to keep buying BTC for 4 years or more.. yet we know that the reality is that an overwhelming number of people struggle.. and they struggle with even setting aside 10% of their income on a regular basis.. I struggled with the same difficulty.. and surely, I personally had been set aside 10% of my income (and sometimes even a bit more when I was able to) for more than 20 years by the time I got to bitcoin (in late 2013), so then it helps to have had been able to build up that extra reserve over 20 years prior to bitcoin.. yet even any of us who have an extra reserve of money that we build up over a long period of time, we still get nervous about how we invest that amount that we had built up, and we don't want to lose any of it and we want to preserve it and grow it, so we ongoingly get nervous about where to put the money that we had built up.. so even if we might potentially have some lump sum that we are able to put into bitcoin in the beginning of our investment into it, we still might be nervous about how to do it and we still may end up spreading out our bitcoin buys over some period of time so that we do not end up buying all of our BTC at the same price and at the same time..

...and the dilemma in regards to how to deal with the matter is never really completely resolved, except for maybe with some passage of time and perhaps once we decide how to deploy and we make the deployment of the money into bitcoin, we may well experience some gaining in confidence that overall whatever we are doing (or what we had done) is not losing value and we feel even better if it seems that our overall BTC portfolio is gaining in value with the passage of time, even though we might not even mentally require very much of an increase in the value.. .. just that we are not losing value...and surely another reason to potentially use the 200-WMA for measuring the increase in value of our BTC holdings with time, so it is quite likely that the 200-WMA will be quite a bit below the price that we are buying our BTC, so right from the start if we are measuring our BTC value from the 200-WMA, we will be discounting the value of our BTC holdings, yet we would still see our BTC holdings continuously and ongoingly going up, and perhaps we might not be in profits in terms of measuring our holdings with the 200-WMA for 4 years or longer.  .. sometimes accounting tricks can help psychology and perhaps even put us in a long-term mindset to also keep up buying BTC for 4-years or longer, depending on our circumstances and if we had been able to front-load our bitcoin investment.

The dilemma of whether we are "in profits" and how much we are "in profits" probably never completely goes away, especially since bitcoin's spot price is nearly inevitably going to continue to be quite volatile, even 15-25 years into the future... and for sure there are some folks who get themselves into situations in which they are continuously losing value in terms of the savings that they have (especially with traditional savings in fiat and perhaps even some of the traditional assets and investments that they had made) and they try to work to make more income to bring them back to having an impression that they are gaining ground and they might even be misleading themselves in terms of their calculating in terms of fiat that is ongoingly being debased, so the fiat is not even worth as much as it used to be, so our measuring stick might be messed up, and so far bitcoin has largely been able to gain value greater than the debasement of fiat, especially in the long run of 4 years or longer (and it is not guaranteed to continue to do so, either), even though in the short term, the volatility can sometimes confuse the investors into bitcoin or even the pre-coiners about whether bitcoin is gaining value or not..since in the short term, sometimes, even in bitcoin, it will seem to be losing value rather than gaining in value, even in nominal terms.. and maybe it becomes even more confusing for some folks when we consider whether bitcoin is gaining in value or not in real purchasing power terms.. and so some folks might be confused in regards, to both how to measure their bitcoin, how to compare it to other assets and also experiencing certain levels of uncertainty about how bitcoin will continue to perform into the certain... which surely many of us consider that position size can help with these matters, and passage of time can also help to solidify some ideas about how bitcoin is performing relative to other assets and other places  in which value could be (or could have had been) held..

That is DCA for us, it's a known strategy and if someone is just starting out. It's best for that guy to keep on accumulating while they can because we'll never know what awaits in the future and someone who's a firm DCAer might face some life troubles that he/she needs to address by having some financial decisions that needs to be taken of. And by mean with that, DCAing might be affected when it comes. So, while it's still there and the capacity of that person to do it, please do so because we'll never know what might happen in the future.

Yep.. a lot of dumbies sold some or all of their BTC around $100k, and expect to buy back cheaper, such as below $85k or even lower like $69k-ish..  .Sure anything can happen,  yet I doubt that they will end up being able to achieve what they thought in their attempts to play their expectations of BTC price waves.

Of course, since you have a forum registration date of March 2016, you might be more at liberty to shave off some of your BTC, yet you seem to be already suggesting that you sold in anticipation of buying back cheaper, which causes me to speculate that you have not yet reached a status of overaccumulation...so anyhow, I frequently repeat my own mantra that BTC accumulation is done by ongoing, persistent, consistent and perhaps even aggressive buying of BTC, and selling BTC should not be part of any non-gambling BTC accumulation strategy.

Otherwise you shared some decently good ideas in your post, and you also seemed to have had admitted that you were gambling when you sold some of your BTC.. so at least you admitted that wrong (dumb, greedy) part.. hahahahahahaha

When looking at both of traders and investors, I wonder why most people would just choose a difficult path of an easy part, and the funny thing there is that, trading have no significant changes on your finances status, it's just for minimal gains that will just improve your life for the time being, if you don't lose all your money in the process, but in the case of investing in Bitcoin, it's just like and easy ride to greatness because even a newbie investors can buy Bitcoin with any accumulating strategy of it choice, once he or she is able to acquire a very good stash of it, his duty is to hold for a very long period of time, and all the requirement needed to achieve that is to have a reliable source of income and an emergency funds set aside so as to be able to withstand any emergencies that may arise in the future without you dipping hands into your holds.

And take note of one thing, investment in Bitcoin can change your financial status forever ever if you can accumulate a huge stash of it  and hold resiliently for like 10 to 20 years time from now, so it's actually stupid and fruitless reading the chart all day all in the name of trading, that wouldn't change much of your financial capabilities.

Sure Bitcoin can change one's financial status if you accumulate more of it for long time gains but i think holding for 10-20 years time may sound a bit problematic for some persons, considering their age and if they also wish to take part of their bitcoins to establish real life investments that will also alternate their investment in bitcoin so for an average person who is not wealthy, they can have an accumulation time frame of between 4-10 years of which within this time frame they can be able to analyze how progressively they have been within those years of investing then it will give them a clue of if they can still continue accumulating or if they have already accumulated to their satisfaction. For those who prefers to read charts and monitor market sentiments, it's their choice and i believe someday, they will reflect back and embrace investing in bitcoin rather than trading.

Fear is too ways. It can make you be nervous on where you put your money and proper step of losing your investment but to see it growing. At the same time fear can make you not take the bold step of investing aggressively into bitcoin when you have the money. However, a new investor that don't have confidence in bitcoin, can start by investing with little amount buying every week or month consistently and persistently.

In the second year when he has start to understand bitcoin investment, he can increase his DCA amount due to confidence that he has gotten in the market, because I believe that you confidence i bitcoin will increase based on the passage of time. This is why any investor that has invested in bitcoin for one complete circle will have more confidence to invest aggressively in bitcoin than a new investor. The more experience that you have in the market, the stronger your confidence in bitcoin's future and the less your fear to buy more and hodli for long.

in summary, the major difference between a trader and a holder is time frame
for a person to be tagged an investor, he or she should be hold to hold their asset for a much more longer time without fear of market factors while the reverse is the case with a trader  as they have to constantly watch over the market at every opportunity they have so as to grab the profits from their trades when it presents itself and secondly, a holder investor isn't moved by charts or market prices but rather focused on how to keep increasing their portfolios but regardless, an investor has to be smart and as a smart investor, you should always know when best to get into the market and not wanting to jump on it at all times and i think a lot of persons are getting the DCA method wrong and think it about wanting to buy $5 of bitcoin everyday and that's not a smart move as you might end up spending more on transaction fees that you imagine and that's why if you have or intend on investing $5 daily, you can just accumulate it and maybe try to buy weekly or twice a month or possibly monthly as that we save cost on trxn fees and help you invest smartly.

this was similar to what i said, as it is wise to gather the money and buy at a certain period even while practicing the DCA method except you want to waste more on transaction fees and that why the microStrategy company have to buy weekly even when they can buy daily and this in turn makes them save more on transaction fee and invest smartly and wisely.

let's take death out of this picture{i mean age as we might want to put it}
in as much as we want to all be advocate of holding, you'll agree with me, for you to hold, you must have the money to buy some fraction of the coin and this is where trading comes in, a lot of persons talk more like they're condemning the trading business which isn't right as they're all means to earn from the crypto industry and they're people who trade to raise money to be able to hold and believe me, as much as we want to hold, we still need to have a means to hold.