Quote from: Baofeng on Today at 10:48:40 PM

Quote from: capedbaldy on May 31, 2023, 03:54:01 PM

Quote from: lkjhg on May 31, 2023, 01:41:58 PM

correction is an opportunity so why worry if the Bitcoin price corrects from $ 30k?,
the halving is still 1 year away, to be precise, maybe in Q2 2024,
so it's better to focus on adding to the portfolio because we are still in the accumulation zone of Bitcoin price action.

Exactly, we have nothing to worry about the current market conditions, we are planning a DCA strategy of adding assets because the market is very volatile at the moment but it is likely to correct below 25k, but I really hope bitcoin never returns to 20k because of the bad impact on the bitcoin price before halving, there's no telling what the next low will be as bitcoin has been holding on to lows for the last 2 years.

I think if you're going to look at the thread itself, the beginning assessment is that $28k will be our biggest support. But obviously it has been invalidated already when we had this problems with ordinals clogging the mempool and so the market goes down hard. And as we can see the price is just barely making it to $27k, so again, we are in a complete trend now as everything has change a lot since the OP has started this thread.

But as far as doing stacking sats yeah, DCA is the best strategy, big investors and even average joe are into this strategy, because it a foul proof and it's going to work in the long run.

If you are a long term holder then this wont be an issue but if you are a day trader,swing,futures then every movement does count. Being worried on what would be the next price movement is really that very common to those who are making short trades.