Quote from: bots1 on September 23, 2023, 06:22:09 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?

I think it is very difficult to see the price of bitcoin reaching $34,000 in the remainder of this month and even in the next month it is not certain that the price of bitcoin will reach above $30,000 if you look at current market conditions which seem likely to continue to experience a decline in prices. In conditions like today, it is better to set your goals, make a solid plan, maintain discipline, and utilize DCA as a way to gain interesting and dynamic exposure in a more controlled and insightful way. Stick to your plan, regardless of market conditions. Don't be tempted to skip investments or change your amounts if the market is unfavorable. The point is to remove emotion from investing.

An analysis of the last 90 days Bitcoin price chart shows that Bitcoin was around 30K to 26K. If the next 90 days continue to be like this then those who are investing using DCA are basically finding the deep price of Bitcoin. Price is not a big factor in this regard be it 26k or 30k. This is an opportunity for those who are buying to hold Bitcoin and growing their portfolios. Market conditions can change at any time, but Bitcoin investors must be patient. Whether the market goes 34K or more in the next few days that is not a big factor. We should have low expectations rather than big hopes.