Quote from: Ahli38 on Today at 10:48:20 AM

Quote from: Dickiy on August 30, 2023, 12:53:39 PM

Quote from: Ahli38 on August 30, 2023, 10:51:57 AM

Last night Bitcoin experienced a price increase back to the $28k price level. And this is not without reason but because there is a lot of positive news related to bitcoin. This indicates that everyone, when the price was still struggling in the $26k area, was actually all monitoring it and had started accumulating. Because I personally didn't waste the opportunity to buy when the price touched $25k again a few weeks ago. Currently Bitcoin price is back at the $27k level and seems to be struggling to get back up. But don't get carried away by the hype, it's better to stay calm in the accumulation process.

That's right, I've been watching it lately too. Bitcoin seems to be moving from bearish to bullish again, and this is very favorable for those who bought yesterday when the price was still touching $25k. I have looked at the statistics of the recent movement history, according to my observation, the price of $25k is the third lowest support point in 2023, and that means it is a good time to buy more and hold it. Honestly, I myself have seized the moment when Bitcoin touched $25k and I bought some there. Let's see, now Bitcoin is going back up and you don't have to be discouraged if you couldn't buy at the lowest price a few weeks ago, because now there is also still a chance to buy and you still haven't missed out. I agree, like you said, don't get too carried away by the hype, use your own methods with your own accuracy analysis, and I just suggest that you use cold cash there. So I mean use money that will not be used by other needs in the future, because Bitcoin still has a long way to go and you need to stay consistent to (HOLD) for bigger profits in the future.

Correct. The money used must really be money that we will not use in the long term. Or money that is not for our daily needs. Because investing in bitcoin is different from investing in Altcoins. In Bitcoin if we want to get really good profits then we need to hold onto it until the next bullish season comes. Or much longer. In contrast to Altcoins where we have to be careful and cannot be used as long-term investments. Because in Altcoins prices can fly high overnight and can immediately drop drastically in a short time. So Altcoins are really not recommended for the long term.

Well we don't have to feel left out when we couldn't buy yesterday when the price dropped to $25k. Because I think a decline to that area could still happen again. Be it in the near future or far in the future. Because this is for the long term, in accumulating it we have to be more patient and not rush.

I will add that if you consider investing in altcoins as short term then you should also not use money for daily needs or money that you cannot afford to lose investing. Since investing in altcoins is a hundred times riskier than bitcoin, they can even disappear suddenly and we will lose everything. Unlike bitcoin, if it drops suddenly it will also recover in the future. In short, whether it is a long-term or short-term investment, bitcoin or altcoin should only use idle money.

If we are determined to invest long term in bitcoin and will only sell when it hits ATH or $100k, buying for 25k or 27k won't make a big difference unless you invest hundreds thousand each time, IMO.