PSA: Be prepared for many deep retracements.

In 2019, just over four years ago, bitcoin went on a run from its low of ~$3350 to a high of ~$12850 on June 27, 2019. That peak was still about 33% off its ATH. Many people, like me, were surprised that bitcoin was advancing so much before the halving. Once it reached that high in June 2019, it proceeded to drop to ~$5400, which is more than a 50% retracement, and didn't reach that price it had reached in June again until August 2020, over a year later.

Don't get too invested in these movements. It may turn out great. It may not. Bitcoin isn't about these short-term price movements. If you're not prepared for a 50% retracement, or more, from the price it is today, you haven't really understood the risk profile. If you DCA, it shouldn't make any difference, as the strategy is based upon a belief that it will advance over multi-year timelines. Again, it might not. But many people that FOMO see a 50% retracement and sell at the loss. There's no better way to become a buttcoiner than to do that.

Go into this with open eyes. Don't buy more than you can afford to lose. Don't buy it if you're not prepared for that eventuality, or there's a good chance you'll end up burned. Spend this time constructively trying to learn how to safely secure your bitcoin.

EDIT: turned up the res on my graph. Peak of 27 June was higher at ~$12850