⭐ Merited by JayJuanGee (1)
I am not saying this is the best price to invest but just reminding that we are at the halfway stage of the current ATH which is a sign that the price may start to surge at any moment so if that happens the price will start to bump in no time which means you can buy at the perfect low from now but at least
It is really difficult getting the perfect price to buy as you suggested. This is the reason I am applying the DCA method and will continue to encourage everyone that is confused as to what price to buy, to continue to use the DCA method. This method takes away the worries that comes with know what price point to buy, your main target is to ensure certain amount at certain time you have set for yourself. It can be weekly or monthly or even as you deem fit. Being too concerned about the price to buy could be a source of confusion that may discourage you from buying, this is surely the best thing to do. Let me remind you that DCA strategy doesn't give the guarantee for profits either.
Well, for bitcoin it worked perfectly and we discussed about the parting short term and long term goals in the investment will help more in accumulating the bitcoin than simply go all in for certain period which can be 5 or 10 years. But the current discussion is about buying the dip mean accumulating a whole chunk when the price is cheaper.
if you buy at the current price there is likely to get atleast 300% returns at the peak of the bull run.
Do you know how high the price will go during the bull run? I'm asking because your statement of 300% profit for those who buy now suggest you are sure of what the price will be in the next bull run. Even when we expect price to rise so high in the next future, don't forget that Nothing is guaranteed. This should always guide your decision make because no one is sure how things will turn out in the future. Your statement can be a motivation to some people to take uniformed risk that they might end up being in a hurry to sell to recoup their investment. Bitcoin requires patients that is why we are encouraged to buy with such amount that will not affect our daily important needs.
I am neither a wizard nor having time travel machine.
I just want to make sure that at least in my statement prior 300% which is purely based on a rough technical analysis of Bitcoin's price chart. Let me explain that with the 2017 and 2021 bull run scenarios the pattern is almost similar in the previous cycles too.
in 2018 Bitcoin ATH was about 21K before the bear cycle kicks in and in the next bull run the ATH was around 65K so it was three times or 300% higher than the previous ATH so let me apply the same to this as well and for the benefit of uncertainty I just kept the value to 2 times or 200% from 65K for next ATH so lets compare the current price which is 40K for the sake of calculation and if ATH will be 130K then users who bought at 40K will get 300%.
Well, its all speculation and there is no investment called guaranteed returns.