RE: Notice how Bitcoin and cryptos are sluggish and not forcibly snapping back up like they always did. The reason is...
This post does not say get out of cryptos forever. The main point is buy them low, and that opportunity will come on or before the end of Oct. if you gamble in cryptos. For example, if you dollar-cost average Ripple XRP for .1750 cents now, you will lose money given it's highly likely XRP will sell-off towards the .10 cent level as Bitcoin drags down all Altcoins with it. Why buy Bitcoin at $3690 now when highly likely you can buy it in the $2000's towards the end of Oct. Buy low, sell high. The China factor still at play with crypto prices over the next few weeks as Chinese exit cryptos. The idea is using Bitcoin as a currency and China banned all crypto buying/selling on Nov.1 onward. Why buy $47.80 Litecoin now when highly likely you can buy it in the low $30's soon? Same with Ethereum, due to the massive selling-pressure of Chinese sellers ahead.
I understand your point, but it speaks of timing the market. No one can do that. No one can know really what price it will be when, that's the point of systemic buying and holding. Selling for profit is trading which is fine if that's your aim, but you don't build wealth by gambling. That's how you lose it. But if you want to build wealth, buy on the way down (price doesn't matter since you are holding, so that means buying it cheap), and then still buy on the way up (because your last purchase was cheap if it is still going up). So I say stop trying to time the market, because it's "time in" the market that counts most.