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.
Being bullish is continuously buying and yes cost averaging might be an ideal way to increase your chance of getting a higher profit once we go to a bull trend again. If its for long term, Im also bullish with Bitcoin though panic might still be here in short term as many negative news affecting the whole crypto market. We might see the reversal of the trend early next year, lets hope for that.
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^For those who have been understanding the crypto market trend probably are bullish despite the market condition, because we know already that BTC price will pump when the price goes up but those new on this ear will probably easily get panic because they wanted to make a profit in a short term only. BTC investment expected it is good for long-term purposes and you will see there is a big return when we will hit the new ATH of BTC price which we know will happen. So now, good to know there are still people who believed that the BTC prices will increase soon.