Others are also looking for the "perfect entry" and some or most people will miss the train because they are perfectionists, they want the perfect entry which for me, if your plan is for the long term, you will not mind the "perfect entry" because you can do dollar-cost averaging (DCA) or just buy every dip.

Some are also being manipulated by social media personalities, where they intend to follow what other people saying without validating or doing their own research.
For me, sometimes trusting your own instinct is already better.

     Not all people find investing easy, more than all those who tend to be affected are those who are new to this world, I would say that a sensible strategy for those interested in investing in Bitcoin is to recognize the uncertainty that surrounds the behavior of the price. Although there is hope that the price will decrease to facilitate a cheaper entry, it is also plausible that the price rate will continue to increase, which may lead to delaying the investment or acquiring Bitcoin at a higher price. As I said before, this scenario tends to affect newbies who, eager to invest without proper knowledge, can fall into speculative traps. For that reason I always say that people, especially those new to the crypto world, focus on educating themselves thoroughly about Bitcoin from its inception. Detailed knowledge about this unique asset can prevent procrastination and enable strategic moves at key moments.

I think that this has happened to all of us at some point and the fear that losing can cause is perfectly understood, but in crucial situations, it is vital to make bold decisions and get out of our comfort zone, to the point that at some point we will learn to see opportunities where others do not. As for the Bitcoin halving benchmark, I think it is a good time to experiment and take advantage of the opportunities for profit. If we never dare to take calculated risks, we will never know if we have chosen the right path.

Having experience in crypto and being a decision-maker are totally different things. There are a lot of people who have been in the crypto space for a long time now, but they still find it difficult to make a decision regarding when to buy and when not to buy. Those buying decisions are one of the hardest, as far as I am concerned. As there is always a lot of price movement and other negative teachings, we will all have to calculate them before finally making the entry call.

Not withstanding, those kinds of decisions are always serious when one doesn't have a plan for holding what they intend to purchase for a long time. If you plan to hold the Bitcoin you want to purchase for a long time, the DCA strategy will probably be the best choice. You will be constantly making purchases without considering the price, provided the money you want to use is readily available.

Your comments is an example of how I started my journey on bitcoin. I had little knowledge about investing in Bitcoin but when I studied about the coin and its prospects I decided not to procrastinate. I began to accumulate my coin using DCA. The first months were not easy because I was always looking at my wallet every day to check the price of Bitcoin. It sounds funny but that was the truth. I will check the price every time I had the opportunity. My fear and price checking gradually reduced and currently, I don't really check it in months.

Currently, my plan for Bitcoin is not to sell and make a profit during Bitcoin halving. It goes far beyond that and to the future. I see Bitcoin as a long time investment that can even be transferred to dependents in the future. The most important thing is to keep your wallet safe and keep investing. This is because the coin has the capacity of increasing to a price far above the price in the halving period.

Why not use the word invest instead of buying

You don't sell bitcoin, you hodl and exchange bitcoin as well, you cannot buy or sell currency, but you can earn or exchange bitcoin, when you're sure to be ready enough ab exchange, then you nake moves to achieve what currency you're exchanging it for, bitcoin is a digital currency and a currency shouldn't be bought or sold, it's an abuse use of it, some called it money racketing, we exchange money for what we want, learn this and teach every other bitcoin.


source

If you overinvest into BTC it can be much harder to hold.  

Also if you have a trader's mindset, it is going to be harder to hold because you are frequently thinking in short terms and perhaps even thinking that you can magnify the size of your holdings by fucking around with trading... and many traders will "way" overdo their trading strategies.. and perhaps should not even be trading more pristine assets such as bitcoin - because they actually do not recognize and/or appreciate that bitcoin is a pristine asset and they fuck around with trading it way to much merely because they realize that it is volatile.. so they mistake volatility with ways to make money.. and perhaps slip into greed or even not really knowing what they are doing.. so then perhaps emotions will kick in way too much based on their putting themselves into such positions of worry.

Surely holding a volatile asset will likely be more difficult than a non-volatile asset, especially if there might exist a wrong kind of a mindset.  Holding fiat seems easier because it tends to be less volatile, and even if there is loss in value, it may well not even be noticed.. especially if you had not really been thinking about your fiat losing value, instead you might be thinking "why are the prices of things going up so much?" so then you might try to hold onto more fiat.. while not really making the mental connection that your fiat might be losing value faster than you are able to accumulate it.

Yeah, but the profits from trading do not tend to work like a building and building and building scenario, because even though it might appear that the trading and the investment portfolio are building, if the sizes of the positions are not properly hedged in both directions (even if they might be leaning in one direction), making one decent sized mistake will frequently take profits away from several successive successful trades. 

So maybe a trader keeps winning and winning and winning, but s/he might not sufficiently hedge on one occasion, and then all of a sudden his/her trading portfolio amount is back down to the amount that s/he started with or even worse less than what s/he started with.

hahahahaha

That's exactly the case.  You have such a winning investment, such as bitcoin, in which you might bet a certain amount, and so you could lose that amount (100%) or you could end up going up in price several percentages or even multiples or even magnitudes, and that is the nature of an asymmetric  bet, you can ONLY lose what you put in but you have great upside potential.

Except you can fuck all of that asymmetric bet by employing margin and leverage, and turn a winning bet into a loser.. and even lose all your money with a merely small BTC correction of 20% because you thought that it was a great idea to go 5x...and you end up fucking yourself because you don't even realize that your greediness is causing you to be stupid about what is the product that you are buying.


Yep. .even people who invested small amounts 9-10 years ago and just consistently kept buying small amounts, ended up doing quite well if they did not deviate from their efforts to accumulate BTC on a regular and consistent basis. 

Of course, the more aggressive ones did better, but you can ONLY be as aggressive as your budget is able to allow, so surely you do not want to employ tactics that are so aggressive that you end up recking (or screwing) yourself out of your own bitcoin because you did not adequately prepare yourself in terms of keeping and maintaining and rebuilding an adequate cash reserves that includes emergency expenses.

I found what I believe to be a reasonable balance for myself, yet it would be difficult to imagine that every person is going to find exactly the same balance that I have found, even if there could be several similarities between some people... in terms of accounting for their cashflow, how much bitcoin they have already accumulated, their other investments (including cash reserves), their view of bitcoin as compared with other investments, timeline, risk tolerance, and their time, skills, goals (investment/lifestyle targets , which includes figuring out the extent that they are in BTC accumulation, maintenance or liquidation stage) and their abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.


Fair enough.  Trying to time price moves can be very tricky, even for more experienced traders, and one of the things that likely happens with newer traders is that they will mostly prepare for one direction.. and perhaps in that sense, they put too much into that particular direction, so they are not sufficiently hedged for the other direction.  I imagine that even experienced traders are going to have some difficulties with both identifying how they want to balance their bets and in which direction, and then being able to move their bets when market conditions change.. and sometimes it is preferable NOT to move your bets too frequently, so it can be difficult to figure out if you do need to change or just wait it out.  I personally don't know how to do it, which is part of the reason that I try to set up my orders in a way that attempts to be price direction neutral.. and even with me, sometimes I have some dilemmas in regards to if I should make some changes.

For example, in about May 2022, I had my BTC buy orders set down to about $21k, but then when the BTC price broke below $35k.. I had a "holy shit!!!"moment and I felt that I had to spend some time restructuring my buy orders so that they would go lower.. (including removing some of them and spreading them out in the upper $20ks) and I also ended up restructuring my buy orders several times in the next several (maybe even up to 6 months) because of the extent to which BTC prices kept going lower but I was also running out of cash since I had been largely buying all the way down from $60k-ish in November 2021.. and yeah, hind-sight is 20/20 right?  because once the BTC price drops so low, then there might be some regrets about all the BTC that had been bought back at higher prices.. but that is somewhat how it goes when you "attempt" to set up buy/sell orders that are attempting to be somewhat neutral in regards to BTC price direction, while at the same time coming to the realization that there still is some amount of expectations of "extremes" that are built into how the orders are structured, and so when the BTC price moves more extremely than what extremes had been built in, there can be some frustration with those kinds of outcomes.



For sure there are some assumptions that are built into any BTC strategy, even if the strategy might not be emphasizing trading, but instead including some presumptions that the BTC price is going to always go up.. at least in the longer term, but when the BTC price is going down for 1 year or 2 years or even feeling like longer than that, then the underlying presumption might start to both come into question, but also not feel as if such presumption is as strong as it had previously felt.


There are still needs for fiat - especially if the vast majority of the world uses various kinds of fiat, so part of the balance still remains regarding how much value to keep in the fiat system versus the bitcoin system, and I believe that it is not healthy to move too much into BTC too quickly - even though again, people are going to come to their balances in different ways, depending on their circumstances and also depending on how they view the BTC versus fiat systems or if they are able to reasonably and accurately calculate their exposure levels.


People learn at their own pace, and sure there are a lot of people who have heard the word bitcoin, but they hardly have any clue what it is, or they have faulty information and/or opinions about bitcoin.  It cannot be easy to try to figure out what is going to cause some people to become more informed in regards to bitcoin or to see the necessity of becoming more informed. 

It seems that people are learning more and more about bitcoin, but it also seems that adoption is taking a long time to really happen, so sometimes people are not motivated to take any actions - unless or until they see the BTC price shoot up to some higher price, and then they might start paying attention, but then again, they might not.   Also some of us bitcoin holders might need to change some of our own views (and actions) and we might not even know it, so I am not going to attempt to presume to know what is better for others, when it is not even easy to know what is good for myself.. even though I have been attempting to share several of my ideas in this forum for the past 9.5 years.. and also sometimes sharing in other forums and in other areas of life with people who might be interested in the topic and not necessarily seeing me as a loonie. which surely some of the people in real life do consider me as a bit of a looney.. but some of them will also express regrets in regards to not listening to me.. so I pretty much end up repeating the same thing to the same people and a seemingly overwhelming majority of such peeps still seem to not really be inspired to take any action and/or to do anything beside thinking about it.