BUY when its LOW and SELL when its HIGH (BLSH)
In recent time following the bullrun of 2020 which has somehow seemed not to fade out completely with the bitcoin market still on the rise as other determinants for the direction of the market has come in play like Elon Musk in his tweets and the whales in recent time to push and sustain the market at a high, breaking and creating new highs with btc price now at $66k, the investment strategy of buying when its low and selling high (BLSH) seems to be of little or no importance anymore. Now, it's all about, everyone needing a piece of the pie, to be a shareholder, a crypto smart citizen of the world and so, it doesn't matter when you buy no more but how long you can hold on to your btc.
So bitcoin has been marked as a currency of the future and so, spending bitcoin at the moment doesn't seem much like the right thing to do as it isn't supposed to be so with currencies. Currencies are meant to be for exchange but bitcoin though is exchanged, the growth it attains in due time makes it a hard to spend currency. Hence, owing a certain % of your asset in bitcoin seems like the best form of investment in recent times with the waves bitcoin is creating globally.
As to this note, whales and Celebrities around the globe in the likes of Elon Musk a crypto enthusiast and investment guru has come up to invest huge in bitcoin to spike its price such that, even at all time highs (ATH), we still experience a massive buy which makes one ask themselves,
What happened to Sell when its high and Buy when its low?
What do you use now to determine when to buy?
For me, its a matter of buy if the market is lower than the previous day and be ready for a long time of wait.
What do you guys use?