Post
Topic
Board Speculation
Re: Is buying BTC now, the best option ???
by
ShowOff
on 29/06/2023, 17:11:45 UTC
The strongest support for the current bitcoin price is at $ 29k to $ 30k, currently it is still safe,
because the price is still above the support price, so if you want to buy bitcoin,
don't immediately use 100% of your capital because it is very risky, just accumulate it at a price of $ 29k or $ 30k by 20%.
Where's the risk? I need to know what the risk is you're referring to as well because at the moment the price of Bitcoin is still above $30K and I think people who really believe in the next price increase in Bitcoin will probably accumulate their capital much more than you say.

Volatility is a risk, after all they can still buy with a better strategy like DCA instead of a lump sum.
I agree about investors' optimism about a higher price hike in the future, but don't ignore price volatility as it is always possible to find a correction in the bitcoin price. Less than 24 years ago, the bitcoin price dropped below $30k even if only for a moment. If investors don't buy with a lump sum, then surely they can accumulate more bitcoin with the same budget.