There are two routes you can take:
1. Try to trade, time the market, sell to buy back in lower, wait to buy a lower price, eventually after 3 years capitulate and decide DCA is the way.
2. DCA from day 1, live a chilled existence and grow your wealth by at least 20% a year.
It's up to you, I urge you to urge newcomers to DCA.
A fun exercise I would recommend to you is to dig through the actual Bitcoin core software code. If you're not a coder, use chat gpt to help you understand line by line. I find it helps to know exactly how and why mechanistically Bitcoin functions in the way it does.
Remember the rise of the cell phone? That's what happens when a new technology which is leagues better than anything before it comes into existence.
Once you divorce yourself from the mainstream media, study Austrain economics, spend the majority of your day outside, eat plenty of red meat every day, stop taking pills, delete netflix, instagram, tiktok et al. Life gets good
The argument that Bitcoin has no intrinsic value is a nonsense brain fart that fails to understand even the most simple concepts in economics. I agree that it's probably malicious a lot of the time - I'm fairly convinced someone like Peter Schiff understands full well that Bitcoin ticks every box necessary for a 'money'. Thanks for commenting, it's nice to get some engagement as a new Nostr user.
You should want the Bitcoin 'price' to go down. All this means is that some sucker will give you his Bitcoin for less of your time and labour.
Eventually, nobody that owns Bitcoin will not accept your paper crap anymore.
Play with a compound calculator. Put your current Bitcoin stack in, a very modest 15% annual return, and your monthly DCA deposits. See where you'll be in 25 years. It will help you stay focused on your mission.
Intrinsic value does not exist.
Individuals value the next marginal unit of a good according to it's marginal utility - in other words the next most pressing need that good will be put towards.
If I already have 15 steaks, I might give the next one to my dog. Iwoild not value that steak as highly as I value the first one, which is an essential purchase for me to meet my nutrient requirements.
Don't let gold bugs fool you into the existence of 'intrinsic value'
Were there not a human to value it, it would be valueless.
Smash buy first, then take it easy!
One day people will no longer accept fiat paper for their Bitcoin. Only capital goods, consumer goods, your labour or your ideas will pry it from them.
Sweet thanks brother
I like them so far, your most recent one made me laugh 😄