Quote from: woez on Today at 02:17:26 PM

Quote from: xvacator on September 22, 2023, 08:24:24 AM

Quote from: woez on September 22, 2023, 02:40:50 AM

I was impressed by your statement above "keep buying BTC and revalue your position in 3-5 years from now" and yes. I think the DCA investment model should continue. Well, I want to know. Can Bitcoin get back $34,000 by the end of September 2023?

It's hard as we are now in September which is almost the end. I also doubt the price can get back to $30k by this month.

All can happen if one big news boosts the price such as Elon going back to accepting Bitcoin or another country accepting Bitcoin as a legal tender. But that is not easy.

Yes, DCA investment should continue as the price is still below $30k. It's a good price to buy Grin

It's true that there are only 7 days left until October, I think even though the tone of your suggestion seems a bit joking with Elon's participation in making something magical tweet about this, it will indeed trigger hype, but that's not guaranteed.

Well, I agree with DCA continuing as you suggest because this is an investment approach in buying BTC and another way of accumulating positions over time and mitigating risks due to market volatility that is uncertain in direction.

Bitcoin may still be at this level at the end of this month. But it could change in the next months. If bitcoin price can lift the price to $30k, then it is good. But if not, we must HOLD on.

The price now seems not going anywhere, making the price difficult to predict. You need to be cautious with anything that will happen later.