Quote from: TelolettOm on November 11, 2023, 11:58:45 PM

Quote from: ASCDO21 on October 24, 2023, 01:31:56 PM

Hi all. How to buy more when growing? Today we are growing, but I don’t want to buy. Share your experience in this matter.

Buy Bitcoin when you have free money to buy. Don't buy expecting the price to drop again, especially without having good analysis. Instead of waiting and finally the price starts to rise significantly and you end up buying when the price starts to go up? This is one thing that often happens. We will probably encounter a lot of people who are hyped and will follow the FOMO to buy Bitcoin during the next bullish era. they are not interested in buying Bitcoin when the price is still low and below last season's ATH. but they and maybe you will be very interested in investing in Bitcoin when the price is soaring or at least approaching or passing last season's ATH. This is quite surprising, even though now the price is still quite good even though there has been an increase. However, if we want to wait for market correction, we also have to be able to analyze at what rate Bitcoin's market correction will decrease briefly.

This is probably the most common advice in the crypto space for young and naive investor but still they comit same error not just because they don't want to conceive to the teachings but because they are still scared if buying Bitcoin when they are not seeing any possible addition to their investment. As of this same period last year Bitcoin was roughly aroung 18-19k$ in price and many people had to the opportunity to start something by working on their portfolio but they felt reluctant and would wait to see the bull season so as to have that assurance of everyday increase to their investment which is probably not the best kind of investment.