Quote from: Monfex on August 30, 2019, 09:46:26 AM

Quote from: leavolnhals on August 29, 2019, 06:22:23 AM

Currently bitcoin is dumping very strong and at risk of going back to $ 9k today or tomorrow.
Do you think I should DCA? I always believe in the future of Bitcoin but I still have not determined the right purchase price. Can you help me on this? thanks very much

If you are a long-term investor that basically any price is a good price, because the long-term valuation of Bitcoin implies that its price can increase significantly higher compared to todays price.
It you are a day-trader, than consider entering now at 9,500 with a tight stop-loss and a take-profit target at $10,500. This is an excellent deal in term of potential risk/return.

Long term investors will not look at the current price as they are not interested with short term profits, instead they will keep buying whatever the price from the market and wait for the value that they are aiming to sell out, while short term traders can take every opportunities to buy with this cheaper price then wait for some slight recover then sell it up to take profits, though risk is always there when dealing with every position, it's need to have a nerve handling the situation.