Quote from: Oshosondy on Today at 10:12:04 AM

Quote from: Poker Player on Today at 09:57:22 AM

We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term.

We do not even know if the price by the end of this year will be lesser than $15000, bear market can last like that of 2018 that started in January and lasted long all through the year, that is just it. I understand that it is a buying zone, because people that buy now and hold for like 3 years will make significant profit even if the price of bitcoin still decreases further this time. I agree with this.

What if it reaches 15k and bounces back? Do you feel like you can catch that bottom?
It's proven that reading a bitcoin bottom or top is really hard. Some people claim they did it but in reality they were doing DCA both up and down. This means that they were buying and selling at every significant level, like in the bull market they were selling at 25k, 30k, 35k, 40k, and so on, getting rid of 10% each time. When we fell below 30k they were buying at 25k, 22k, 20k and will be buying all the way down to 10 k if that happens.

In reality a worst thing that can happen to risk on investments like bitcoin is an 85% correction which would put us at 12k. In 2020 we went to 4k and I held, so I don't really care if we go to 12k by the end of the year. In 2 years we will retest the ATH, so by that time I'm planning to add another 1 BTC (if we stay below 20k because I don't earn enough to get 1 btc @60k, so low price is actually better if you're trying to get as much as possible before the next halving).