In November 2022, lots of people were waiting - to catch Bitcoin's bottom.
I was no different. I'm sure that I was minimally DCAing but looking for that holy grail - the bottom - to buy more.
Then, I heard a great piece of advice that made me stop waiting. It went something like this:
Right now, there's a very low price. Even if the price drops a further 5% it's not worth the wait as a 5% drop of that small amount is a tiny amount.
It really seemed to gel with me and, because of this, my wait was over. I was really happy that I heard it and still consider this as great Bitcoin wisdom and advice.
I'm pretty sure that I've got the pith of the advice right - I'm even fairly sure that it was a guest of Laura Shin on her channel who said it - but if someone can elaborate on this sage advice, it might help educate me and others further.
I guess 'bottoms' can be pretty fluid, subjective, so the advice will always be handy too.
Thanks.