Quote from: SOKO-DEKE on Today at 09:22:01 PM

Quote from: Perfectos on March 22, 2023, 06:45:46 PM

Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?

It is good to get Bitcoin at cheap rate because it will really help in term of profit making but the trust is that if you are not good in term of Bitcoin technical analysis it will be hard to know the right time to enter Bitcoin market.and from what we are experiencing from Bitcoin market now, I can't advise anyone to wait till the price of Bitcoin drop again because I don't think the Bitcoin price may drop much in price again

Recently the price is moving upward and will that I will say you can buy now because the price may not drop like the way you may expect.as for me Bitcoin is good to buy at anytime but when you buy at high price you should be able to hold for long time in order to meet you profit target.

While the price of bitcoin can go up and down like any other asset, it is clear when we look at the historical charts that on average bitcoin only does one thing, and that is to go up in price, this means that the more people wait the more money they will have to pay for their bitcoin on average, only those which have a profound knowledge about technical analysis have the skill to time the market accurately and buy when the price is low, everyone should instead just employ DCA and buy bitcoin whenever they have some spare money and save themselves the trouble of trying to predict the direction the market is to take.