Quote from: South Park on December 23, 2022, 05:55:47 PM

Quote from: KingsDen on December 23, 2022, 03:39:31 PM

Quote from: fennic on December 22, 2022, 04:38:53 PM

I will buy Bitcoin and other crypto if it came to the 14k level cause I think that at time it should be pumped hard and almost cross 20k dollars in coming weeks.

If you are sure bitcoin will get to 14k and pump from there, what then stops you from doing dollar cost averaging from 16k? There is actually no much difference. How about if the market reverses from 16k?
You can think about it.

This is something that I think as well, why is there such a fixation with trying to catch the bottom? I know that if someone can do that then their profits will be the highest once bitcoin reaches a new all time, however buying slightly above the bottom does not change things that much and it is way easier to do, as most of those which buy at the bottom did not did so due to their amazing skills as traders but simply because they got lucky.

That is the right thinking. So many people are fixated with the bottom. Everyone trying to be an expert or a magician to know the exact bottom so as to buy there. That is one of the factors affecting the market as institutional traders will keep playing mind game with our speculated bottom.

That's also problem with ATH, while some sold at 50k, others sold at 60k, people with big mind sold at 65k while people with the biggest mind were waiting for 100k.