Sure, Bitcoin was cheap a few years ago, and many people overlooked it because they didn't think it was worth their money to take the risks, but some had the opportunity to buy when it was around $10k or $20k. However, we can see rich people continue to buy more and more of it. And some people feel that Bitcoin can be challenging for them to buy. If we wait too long, the price will get higher, which will make it difficult for us to buy even a small. Some people who have yet to buy should understand that if they do not do it now, they may miss the opportunity, like some people lost it before 2020 and 2022. Many people expected the price to fall, but the price continued to increase.
Its best to start now, even if it is just a small amount. We don't need to buy everything at once, you may buy a little when you have the money. It's just a matter of starting somewhere, because some people will not start at all, and the future may be more difficult. When Bitcoin becomes too expensive, we may not be able to buy it again. So, earlier is better, even if it is small, rather than waiting and regretting later.
That's why we must be able to use our minds well, because I'm sure people who think the current bitcoin price is expensive, don't think and don't analyze for the next 10 years. They only think for the short term, that's why they think that the current bitcoin price is expensive and they prefer to wait for the price to drop to make a purchase. Even though if they just learn a little about bitcoin, I'm sure they will also realize that the action of waiting for the price to drop is very inappropriate. But unfortunately there are still many people who are reluctant to think in that direction and only focus on the price of bitcoin which they consider expensive.
To be honest, I personally also regret very much for people who do not make the decision to invest at this time in bitcoin. Because I also used to be in a phase like them, which was just waiting for the price of bitcoin to drop. But after I find out little by little, it turns out that the action I did was wrong. Because when we invest in bitcoin, we will struggle with time. Because bitcoin is different from other assets, because bitcoin has a very fast price growth, so if you wait too much, it is certain that you will lose a lot of momentum. For this reason, there is such a thing as a DCA strategy, actually this strategy is very helpful to make us more consistent and directed.
People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.
Somehow guys have to get over their ideas about price and just consider buying bitcoin at any price for 4-10 years or longer, and then perhaps study bitcoin along the way, and maybe after a couple of years accumulating bitcoin they might start to get some better ideas about bitcoin.
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My fellow plebs, it's very important that to those who are left among us to keep HODLing Bitcoin. Retail HODLers have been going down and it's going negative week on week, month on month, then later - YEAR ON YEAR. The institutions have definitely come and will be willing to take your Bitcoin away from you at ANY price. MAKE IT EXPENSIVE FOR THEM -
HODL.
Holding and continuing to buy is likely a much better way forward in order to continue to reinforce the ongoing accumulation of bitcoin, especially no low coiners who are in their first cycle or two of BTC accumulation.
What are your shower thoughts for that graph, JJG? Retail accumulated a lot of coins and had higher combined holdings of Bitcoin from July, 2022 through Jaunary, 2024, then the institutions started accumulating and now have more holdings than the retail/pleb investors.
Will that institutional buying surge continue, or will we see another surge for retail buyers during the next cycle?
Your interpretation seems reasonable in terms of institutions seem to be coming into bitcoin BIGGEDLY in recent times, and surely each of us who knows about bitcoin likely needs to continue to accumulate bitcoin to the best of our abilities since we do not know the future and bitcoin prices could continue to go up and then if we wait until later, we may well have to pay more to get bitcoin. Accordingly, BIGGER players seem to be coming in and sucking up the bitcoin supply which seems to continue to cause upward pressures on the BTC prices.
We should always be trying to protect ourselves, which I have frequently attributed that to needs to be ongoingly persistently, consistently and perhaps even aggressively buying of bitcoin, whether the graph supports it or not.
We already know that in a zoomed out to the maximum view of the Bitcoin chart that it's only going up, knowing how the Federal Reserve and the world's Central Banks will NEVER stop printing money. 👀
- Because of that, I may need to go against my "pleb-nature" and set up another cold-storage wallet just for DCA. I wouldn't like to have the feeling "that I don't own enough Bitcoin". DCA would psychologically help me with that.

In some sense, even if you had been whimpy in your bitcoin accumulation at various points along the way, you still likely have way overaccumulated as compared to folks who either refuse to get into bitcoin or perhaps similarly situated persons who ended up trading rather than accumulating and holding.
I will agree with you that it takes a long time to really get to a point that you have enough BTC or more than enough BTC, and sometimes we erroneously come to the conclusion that we have enough bitcoin, when we do not.. .. and so in that regard, waiting for the dip can be dangerous, and if you figure out some reasonable way to do some DCA and also save for the dip (that might not come), then at least you would have had hedged.. There are likely still going to be a lot of folks similar to you who had failed/refused to act to accumulate bitcoin.. even going back to 2019... and of course, I criticize you for the period between 2016 and 2019, yet at the same time, we cannot turn back the clocks.. and we just have to figure out what we are going to do from here on out and either put some kind of plan in place that we consider to be reasonable or perhaps to tweak whatever plan we had in place and start to act upon such tweaked plan arrangements.
Only you are in a position to determine how much of a budget to allocate towards DCA and how much to allocate towards buying dips that might not end up happening.