Quote from: Marvell1 on Today at 12:31:03 PM

Quote from: rby on Today at 12:13:31 PM

Quote from: Greggry on March 21, 2023, 07:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

Buying cheap and selling high is the real formula of Bitcoin. There is no doubt about this, but there is always some kind of difficulty in knowing where exactly is the low price in order to buy cheap.
And also it is not always easy to know where there is the highest price in order to sell and make profits.
Some people will still not sell their bitcoin even when they make X10 and they will believe that bitcoin will explode the more. In the process of waiting it may begin to decline in price.
However, I am not very sure that bitcoin will increase in the next three months to the level of doubling or tripling.

In investing, buy low sell high is the general formula, not just bitcoin, this formula can be applied to all financial markets. But you're right, it's extremely difficult to pinpoint where the low price to buy is, and there's no guarantee that bitcoin will continue to double over the next 3 months. The effective way to get a return on investment in bitcoin is a long-term investment and DCA every time we have money, by long-term accumulation and holding, we will get the best return. Don't wait for the lowest price to buy because we won't know until it's past.

I agree and I also believe this is the mistake some people make investing in Bitcoin. You know some people must have thought that Bitcoin was going to dip further when the price dropped to $15k+ and might have the money to buy but thought it wouldn't go down further and here we are.
DCA is the best way to go but also if the price has fallen really low like it did the last time, you can buy since your intention is to hold for a long time.