Timing in short but this is actually the hardest thing to be done because no one could able to point out on which is the bottom and which is on the peak
and thats why we do make out decisions mixed up with our guts and intuition which cant really be avoided on some cases which we do really consider it out.Why people do lose money? Due to mistakes which had been affected by neither emotion or greed you do have inside or having lacking knowledge
and skills on overall aspect.This is why you do really need to enchance yourself overtime.
You do not have to pick the absolute bottom and the highest peak. However, when the price is at 64k and it drops to 30k, anywhere along the line would be great place to buy, I mean it is dropping so much which means that it is getting closer to bottom, divide your money into pieces and keep buying each time it drops if you want to make sure.
After that it started to skyrocket back, you do not have to sell it at 67k if you are not going to wait that much, or maybe you would but we could still go higher, but you could still make a profit and get out at a profit as well. So all in all, timing could be a little bit of a problem but you could still profit very well when you buy at crashes and sell at bull runs.