Post
Topic
Board Bitcoin Discussion
Re: Is it the right time to invest in Bitcoin?
by
DabsPoorVersion
on 06/11/2023, 03:32:54 UTC
Exactly, we have seen many times.
Why are so many people hesitant to invest in Bitcoin and always ask the same questions several times, especially when the Bitcoin price is in a bearish phase like this? while many of them don't even hesitate to invest in Bitcoin when the price of Bitcoin is soaring drastically? They are even too afraid to invest in Bitcoin when the price is still low, and instead they are eager to invest in Bitcoin when the price soars. This is a little funny. even though times like this, especially in the bearish phase of the era, are actually a very good time to invest and increase Bitcoin accumulation. So we can prepare it for holding and hope it will rise significantly during the bullish era. Or when we will hold several periods.  Grin
Although I don't that we're bearish at this moment.

They think that they're too late already and that's why they doubt that they should invest right now. But it's a good timing that they have asked because we've got a lot of things happening in the market already. And with such, that should be the factors they need to consider to invest.
The reason behind that is because people must have seen the price of Bitcoin when it dropped to $16k last 2022 or the previous price in March 2023 where Bitcoin price is at $19k. Upon seeing its current price, some people might think that buying right now is not the best time as the price almost double from the previous dip. So, they prefer to wait until the price goes back to that state or even lower.

Without knowing the potential of Bitcoin, people will always have the thinking of finding the right time to invest. Instead of doing DCA or trying to invest while they can, until they will no longer be able to buy.