Bitcoin is on the rise now and this is an indication of bull market. And now that bitcoin is $34k to $35k those who want to buy and hodle, this is the best time to invest.
The fact that Bitcoin is on the rise right now is not good news for the market. Investing in the DCA method is never determined on a bull market. Investing in Bitcoin DCA method is calculated by % compounding as per monthly or weekly average.
There is no point in investing in Bitcoin because the price is going up because we invest in Bitcoin for the long term. Long-term investment should definitely wait for peak bull market. But now that the current bull market is going on, it's only going to be short and temporary, and the price of Bitcoin will fall again.
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Those who indicate interest to invest on bitcoin in my location came to meet me yesterday and I told them the factors involved. I told them both the benefits and the risky. Early is the best.
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Investing in Bitcoin with DCA method with 15-20% of your income and waiting for long time will definitely make your portfolio bigger. So now the market time frame is very short and the possibility of Bitcoin price dumping is high at present. In 2023 I think the maximum bitcoin price will be limited to $30000-$40000 thousand.