I’ve noticed that many people are still too obsessed with the relative bottom price of Bitcoin,

for example, insisting on buying only when Bitcoin drops below 50k, but if it falls below 50k, they become fearful and expect it to drop further, saying wait for 40k, and as a result, they never get on the train.
Actually, I’ve always held a personal view: when buying Bitcoin or any other core asset, don’t be too fixated on the price!
Price is just a representation; does it have the long-term ability to cross cycles?
How much time are you willing to spend to unlock its future potential?
If you haven’t figured out these questions, you won’t be able to hold on even at lower prices.
Once you understand these questions, you won’t pin all your hopes on a “perfect low point.”
Personally, I started dollar-cost averaging below $BTC 65,000.
Now, the prices of AHR999 / AM120 have already broken through, and currently $BTC is around 78,000, many people are asking again:
Is this position still worth buying?
My answer is very simple: if your cycle is 4 years, 10 years, not 4 days, 10 days, then yes, it’s worth it.
But the key isn’t “whether to buy now.”
The key is: you need to establish a buying system that won’t be destroyed by emotions.
1️⃣ Precise bottom-fishing is essentially a delusion
The biggest feature of the market is uncertainty.
You might think the optimal solution is:
“Wait until a certain price level to buy.”
But in reality, this strategy is very fragile.
Because you can’t be sure whether the market will give you that price.
Even if it does, you can’t be sure whether you’ll dare to buy at that time.
So, a truly mature strategy isn’t about chasing the optimal point, but accepting suboptimal solutions.
Leave some redundancy.
Leave some margin of safety.
Leave some room for “things not going according to your script.”
Many people lose in investing not because they see the wrong direction, but because they are too eager to wait for a perfect answer.
But the market never provides perfect answers.
It only gives fuzzy ranges.
2️⃣ There is no “precise point,” only “relative range”
Many people understand the “best entry point” as the lowest price.
But the truly actionable “best entry range” is actually:
It may not rise immediately after buying;
But the space for further decline is relatively limited;
Even if temporarily trapped, it won’t affect your long-term holding mindset and cash flow.
That’s what we call high cost-performance.
In terms of market sentiment, it usually boils down to four words:
Tearing + Dead Silence.
Some curse, some cut losses, some pretend to be dead, some no longer want to look at their accounts.
Everyone stops talking about getting rich overnight, and instead discusses breaking even.
At this point, the market actually begins to approach a relatively safe position.
3️⃣ What is a “relative bottom”?
A relative bottom is often not at the moment of a crash.
During a crash, emotions are still intense.
The truly tough part is the “garbage time” after the crash.
You will notice a few features:
Low trading volume.
Cold emotions.
Small fluctuations.
Accounts almost unchanged daily.
The market seems dead.
No one wants to discuss.
No one wants to build positions.
And no one believes the trend will return.
I call this stage:
Garbage time.
But experience tells me:
The longer the garbage time, the closer it is to the bottom.
This period is a torment for most people.
Because they can’t make money, see no hope, and get no feedback.
But for those with a system, it’s the most comfortable window to build positions.
Because the market finally quiets down.
You don’t need to rush.
You don’t need to chase.
You don’t need to prove yourself.
Just follow your plan, gradually pick up chips.
4️⃣ Truly replicable position-building method: Space + Time
How to better allocate your positions?
The core is only four words:
Space + Time.
Start by setting two anchors:
The first, initial position: recommended to base on MA120.
The second, the limit of your tolerance.
For example:
Your initial position is at 75,000.
Your limit is at 55,000.
Then, the 20,000 USD space between them isn’t for guessing, but for planning.
I will follow two lines simultaneously:
First line: Space dimension.
For example, every 1,000 drop, add a bit more.
The more it drops, the more you buy.
This way, you won’t be completely out of position during a decline, nor will you run out of bullets at the start.
Second line: Time dimension.
For example, add a little every week.
No matter if prices drop sharply or not, as long as they stay within your defined relative low zone, keep executing.
Why must it be dual-dimensional?
Because the most counterintuitive part of a bear market is:
You think it will crash, but it just consolidates sideways.
You’re ready with bullets, but the price doesn’t give you the chance.
If you only look at space, it might never drop to your buy point, and you’ll never buy enough.
If you only look at time, it might keep falling, and you’ll feel you bought too early.
So, the best approach is to walk both paths.
Use price declines to increase buying power.
Use time to ensure you stay in the game.
The ultimate goal is only one:
When the market is most dead and no one wants to buy, bring your position to a “just right” full level.
A bit more, and you can’t handle extreme situations.
A bit less, and you’ll miss the cycle recovery.
That’s what we call:
Controlled risk, full position.
5️⃣ The so-called “infinite bullets” isn’t about having a lot of money, but a good system
Many envy others for seemingly having infinite bullets.
But true “infinite bullets” often aren’t about money.
It’s about having a plan in advance.
Knowing when to buy.
Knowing how much to buy on dips.
Knowing how much to buy weekly.
Knowing how much you can endure in the worst case.
And knowing you’re not here to guess the bottom, but to acquire a sufficiently good long-term cost.
From my own experience:
As long as you systematically build positions during the market’s dead silence phase using “space + time,”
Your overall cost is likely not much higher than the market’s lowest price.
In many cases, it might only be about 10% above the bottom.
And that result is already good enough.
Because ordinary people’s true goal isn’t to buy at the lowest point.
It’s to get a position that’s long-term cheap enough under manageable risk.
To conclude:
Investing isn’t about finding perfect answers in an uncertain world.
It’s about using planning, discipline, and execution to find a position with a high probability of not dying and capable of long-term compounding.
So, don’t always think about catching the bottom in one shot.
The bottom is never a single point.
It’s a period of “garbage time” when no one wants to wait, no one believes, and no one wants to buy more.
Whether you can keep picking chips during that time truly determines whether you’re on the train or on the roadside when the next cycle begins.