Post
Topic
Board Bitcoin Discussion
Re: Invest in Bitcoin now so you don't have to regret it later.
by
tygeade
on 31/01/2023, 19:18:20 UTC
After all, you started it already. Just continue what you are doing and for those newbies out there, OP said to invest now, but that doesn't mean that you will invest without any proper knowledge at all. Do a research first before investing.
As long as the OP realizes that the current $23K is -66% of ATH 11-10-2021 then he just needs to convince himself to buy as much bitcoin as he can afford.

People say, DCA is the best strategy to buy at the moment even though bitcoin price has increased almost 40% in the last 30 days. But I believe the price will continue to increase in the following months because so far for one year period the price position still shows dips -39%.

These two comparisons must be considered, and of course I can convince myself to continue to accumulate for 2023 and beyond.


That's definitely the thing that people are forgetting about. We may have "gone up" recently, and that's good for some people, we have seen 16k at the bottom and now we have seen 23k, which means that it has gone up. But, you need to remember that we are pretty much 2/3 down on bitcoin from ATH and that shows that we are capable of going up x3 more, and that's very important.

If we can go up x3 more than that means we are going to profit more than any other investment we could make. When will this happen? I do not know, none of us do, but isn't it worth it to keep waiting for a x3 profit? I could wait 3 years for such a return because not many things I know could give me x3 in 3 years.