Psychology of the whole coin
Hi, I’ve been dca-ing in btc for little bit. I don’t have a lot. But I can see the u.s is debasing the dollar by printing more. I have a small chunk of fiat that’s been sitting in the bank, not really collecting that much interest. I’d have about enough for 0.5btc not much I know.
Like many others I’ve been debating to see if Bitcoins gonna bitcoin and take a large draw down. Everyone is super bullish on btc right now, deservedly so. But know one knows, some random ass event could happen and it crashes hard like in late 22.
I’m confident it will go up regardless of the crazy volatility. Here enters the whole coin mentality. It’s a semi a rhetoric question. If I had the ~100k right now I’d buy a whole ass btc and sit on it for at least 10yrs. But the volatile history of btc makes me want to wait to see if it does take a large pull back. That way I’d have an actual chance at a whole coin. I know I’ve seen the memes, “ 20k too high I’ll wait 40k I’ll wait etc…
This is a bull market currently, and typically not the best time to buy. The time to buy is when it crashes and everyone says it’s a scam. So I’m trying to figure out if I should just keep on plugging away at the dca game, or dump a larger amount all at once near an ath. Mostly to avoid the exchange fees/spread vs dca-ing. We don’t have cdc exchange here in the states. If btc rockets to 150-200-250k and up it will be out of my reach for a whole coin. So maybe I should just get over myself and forget about being late to the game and being a whole coiner. Thx