Post
Topic
Board Bitcoin Discussion
Re: How do you assess the value of Bitcoin?
by
dataispower
on 09/08/2022, 22:49:54 UTC
How do you (personally) decide when Bitcoins are a buy? - gut feeling, just DCA to a certain amount, only buying below 25,000 or ...?

Since we are in bear market, I use the 70% of the amount left from my monthly salary to buy whatever bitcoin's price at that time, while I save the remaining 30% for further dips below $18k because I don't believe we've already hit the bottomw and we are just at early phase of bear market  Bitcoin has been consolidating at $20k-23k for few days now so accumulating at this price is not a bad choice for me.
Many people start investing with their entire money while investing. I think it's not for logic but to be able to invest step by step is much better for me.I just accept your decision as good. You may invest fifty percent to 70 percent now that the market is down. Later, if the market is down again, there will be more invest If you invest in this way, I think that investment will definitely be successful.
It was before when people do rush to invest into Bitcoin. But since they have notice the production and the escape root of investing into cryptocurrency with that having lost. What they do now is that they investigate and the watch over of a particular coin they want to invest for some period of time to know the credibility on such particular coin for investment so that is all the many of the investors do right away in order to protect their money from losing or decreasing from the high amount they bought.