Post
Topic
Board Bitcoin Discussion
Re: WHEN DO YOU BUY BITCOIN?
by
DarkDays
on 15/12/2021, 22:55:48 UTC
There is an interesting thing that I can't explain but I will get the idea to buy bitcoin on the W-shaped chart Smiley).  Lol, I like it better because people still buy in low quantity to accumulate.  For bitcoin, it is highly focused on accumulation, while for big risk, it gives a greater advantage to the rest.  Not when to buy, but when you're ready and prepared.
Buying and asset like Bitcoin is not all about price. It depends on funds available and the reason for investing.

Indeed when the price dumps there's a tendency to buy more Bitcoin. On the other hand, when Bitcoin starts having a rally, some people will also be inclined to buy just before 'popping off'. So, there might be some psychology involved and generally only the long-term investors buy when there are price dumps with noobs buying at the top...