Post
Topic
Board Bitcoin Discussion
Re: Is it the right time to invest in Bitcoin?
by
GbitG
on 07/11/2023, 22:52:42 UTC
Is it the right time to invest in Bitcoin?
If the mean of "right time to invest" is bear market investment, then the current sentiment of the market is the perfect combo to invest right now. Because if we look at history, it tells us that every time after a halving, there is always a huge gain in the Bitcoin price, and I hope this time Bitcoin has followed a similar cycle as in previous, which has the potential to give the investors a substantial profit as well as a great opportunity for those who aim to invest in the current sentiment of the market and exit when Bitcoin tests its all-time high (ATH). In other words, it means that an entry point was taken through investment at the end of the bear market and between the start of the bull markiet, which can be quite well, which is still to be seen.

While "right time to invest" means a long-term perspective (hodl), than I agreed with you because, if we look at the Bitcoin price history, which is consistently gaining higher prices over time, a long-term perspective of BTC is a bullish trend.

So I mean that if long-term investment (hodl) means that Bitcoin always provides an opportunity for getting an insane profit. And my advice regarding investment is that a wise buddy is also the one who makes every monthly entry under DCA for long-term investment (hodl) and accumulates BTC over the time.