Quote from: TheGreatPython on December 12, 2021, 08:23:54 PM

Quote from: Mehedi72 on December 03, 2021, 05:44:33 PM

This year is about to end. On December in 2020, btc was around $18k. That time bull run started and With the start of 2021, btc made itself almost double of its price within 1month. Then again Record Ath on $63k. Suddenly it dumped near $32k on july but again bounce back and makes us surprise with many ATH for the whole year (last one was near $68k on 9th november). So what is your analysis says? Btc will doing good on start of 2022 or bear run could be seen for long term after we enter 2022

The best results I had were buying at certain intervals. I would suggest the same for everyone, if you keep on investing constantly then you are going to buy it at low and buy it at high as well, it is not going to change much in the end and you will end up with a decent profit. Of course it takes time, but lets assume you buy 100 dollars worth of crypto at the first of every month, if you do it for bitcoin there will be a lot less risk, maybe add in eth, bnb, ltc and so forth but aside from that if you go into very low market cap coins or tokens then it is a bit riskier.

So, if you keep on investing at the same day every month, then you will both grow your holding consistently, but you will also keep on buying at every level and it will definitely be a lot better for you in the long run as well, all those increases will help you out a lot. Imagine if you did this for the past 5 years for bitcoin, consider how rich you could be today.

I have always thought that it is a great strategy, just buy bitcoin consistently over the years and you will do great as long as you keep holding those coins, however the problem is that requires a consistency that most people simply do not have, in my experience the only consistent thing with most people is that they are not consistent, so a strategy like that despite its merits is never going to be used by them as it is simply impossible for those people to do something like that.