Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?
thanks in advance.
if you have been playing with btc for a long time, now is a good time to buy it because no one can guarantee that the price will drop in the range of 12k - 16k, but in investing you certainly have analysis and reference in making decisions.
Right, if we want long -term profit then now is the right time to buy, many people always think of buying at a low price, but when there is an increase they are sorry for missing the opportunity to get a cheap purchase price for fear of losing money.
Whether you invest at the low bottom or at the peak price, you should have the perfect understanding about bitcoin and the ability to hold long term. The price increase and decreasing over time is common, and people we should understand and act at the right moment. To avoid unexpected downturn and bullish move it is good to go with Dollar Cost Average technique which will help in buying bitcoin at an average price against the peak and bottom price of bitcoin.