Technically your right. We don't need to hit the lowest bottom to buy some bitcoin. As long as we catch the dump before the upward trend, I can personally consider it as buying at the bottom. I will be happy even if I catch a BTC dump even it's $500 more than the lowest price as long as the market will go uptrend. I haven't hit the exact dump price in my whole crypto experience, I always place myself at my buy zone. As long as it's hit, I'm pretty happy with it.
I have newbie friends that thinks like they need to hit the rock bottom price, This is why I assume that they strive for bigger profit. And yeah I told them that it is very hard to catch, I just told them to be happy with the profit they can get with their entry point.
I have newbie friends that thinks like they need to hit the rock bottom price, This is why I assume that they strive for bigger profit. And yeah I told them that it is very hard to catch, I just told them to be happy with the profit they can get with their entry point.
Exactly. You can always buy at a low price and then sell it higher when the market turns bullish again. We cannot tell how low Bitcoin will go due to the unpredictable nature of the crypto market. Many factors have negatively impacted BTC's price starting from The FED's monetary policy to the Russo-Ukraine war affecting the global supply chain. And don't let me get started on the Terra/LUNA implosion and the FTX collapse.
If there's a right time to buy, I'd say this is the moment to build your wealth for the future. Weak hands will sell due to FUD, but strong hands will keep buying no matter what. As long as you don't put all of your life savings into Bitcoin, you'll have nothing to worry about. Just my opinion
