Why I never wait for it to go lower

TL;DR: Such a mindset can throw away a lot of potential. Invest what you can risk and don’t try to perfectly time the bottom.

I’ve been in crypto for some time now and have to admit that missing confidence was the main reason why I missed a lot of good opportunities. I always wanted to go all in in the bottom or at least close to it but it never looked really that good. Before BTC hit 65k+ in 2021 I could’ve bought it at 55k, 50k, 45k, 42k but instead I thought about “it might go lower I’ll wait”

And then SNAP it pumped to 65k within 20 days from 43k. And what happened? Even during the first days I still made excuses. “It pumped so hard it’ll dip again” and the Reddit was full with “fake pump” and “exit liquidity 40k soon”.

This can happen at any moment and with how volatile crypto is it can get even crazier. The point is that since I’ve started buying in portions without over investing every into low It looked way better for me. Sure you’ll watch it go lower after you invested but do you really care when it all turns green? I doubt it.

Just a perspective. If you believe in a 50-70k BTC what stops you from buying below 50k? Profit is profit and timing the lowest point is as hard as timing the highest. But I can promise you it’ll get way harder buying AFTER the first big pumps.

No financial advice idk shit about fuck and all the usual stuff btw