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?
If you want a price of $34,000 at the end of this month in Bitcoin it may be very difficult for you to find it because currently the price of Bitcoin is still below $27K so you may have to have more time to see a price like that again seen in Bitcoin. Because there is only a week left in this month, it is less possible to expect an increase of $8,000 in just seven days. So it's better for you to continue doing DCA by considering some of the suggestions that are here rather than thinking about prices that still seem difficult to achieve in a very short time.
@bestcoins1, like you already know that Bitcoin has it own potentials, so if the price of Bitcoin can increase up to $34,000 or above we can't tell for now because we still have more days before the end of the months of this September.
It can be difficult to predict the price of Bitcoin but that doesn't mean that Bitcoin can't reach the actually Amount we are not expecting it to reach in the nearest future, as we already know the price of Bitcoin is about $26,500k it is not a big deal for Bitcoin to move above $30k if it wants to move in a skyrocket ways, although I am not yet an investor but I know how impressed Bitcoin can grow sometimes.
The price of Bitcoin will continue to change every day or every hour so the increase in Bitcoin will be followed by an increase in purchasing volume which will make the price of BTC soar up. To find the best entry, only use the DCA method of accumulating BTC throughout the investment we make. For those of you who have just joined the Bitcointalk forum, of course you have a high enough emotional level to expect the price continue to rise at the end of each month. But that is not a bad theory because if you have BTC in your portfolio it will make you more confident in continuing to hold BTC because it is driven by your level of aggressiveness in predicting the price of BTC will rise higher in the coming years.
Every BTC Holder of course hopes for big profits in the investment they make, whether they are old investors or new investors, of course they have the same target in Bitcoin investment. Even in previous years we only viewed BTC as a means of payment online without any stronger knowledge to hold it in the long term. So at the moment I see several users in this thread giving a strong narrative of continuing to hold BTC and never selling it if their target has not been reached. Therefore, as a beginner, you must be able to take advantage of the opportunity you have to buy BTC and hold it in the long term.