Quote from: lixer on Today at 09:04:10 AM

Quote from: Youngkhngdiddy on June 06, 2023, 10:26:51 AM

With the current bear run of bitcoin at the market cap of 520.50B, down from 527.83B yesterday and down from 570.09B one year ago, at the price of $25k do you think it is a good opportunity to Hodl or buy the Dip in the current market?

DCA is probably the best thing to do from here since I believe we are not yet at the bottom and with the current news in circulation about Binance, the market can always go down again and if you are doing DCA, you can always keep buying at different price fall intervals so that you can have a good average buying price. If you buy at once and then the market goes down further, you might regret it.

So, I would probably suggest holding the current assets and then doing DCA for the remaining balance. That seems to be the most viable option for the current market conditions and wait for the bull run that might occur in 2024 after the Bitcoin halving event.

If you believe bitcoin hasn't bottomed yet, why don't you wait longer to buy in? To me, bitcoin remains unpredictable even as we face a lot of negative news, but good news can come anytime. But you are right, DCA is the best solution in all cases. If you are investing for the long term and the target is the coming bull season, don't make too many predictions but instead use DCA every time bitcoin drops more. The DCA strategy really saves us a lot of stress from investing in bitcoin.