Quote from: beerlover on December 02, 2023, 08:04:00 PM

Quote from: jeraldskie11 on December 01, 2023, 11:17:01 AM

Quote from: Lamkuthang on December 01, 2023, 04:53:06 AM

No matter how deep the correction like last time, investors will still enter, because BTC is valuable and the Bitcoin Halving of 2024 is also another supporting moment. So. I think if BTC doesn't have any new value people won't care about it anymore. Now price predictions may be necessary but what is really necessary is our preparation to own some if we can.

Market cycle is the reason why Bitcoin price decreases. No matter how strong is the demand of Bitcoin, there are huge seller in an area that surpass the volume of the buyers. Sadly, there are people who experience a situation that they bought at the peak but loses a lot because the price went down, they thought that it is the end of Bitcoin. They didn't know that it is expected to happen because it's part of the cycle, which is what we called declining phase. Since the bearish market is already ended, we have to accumulate Bitcoin because time will come that the bullish momentum that we are waiting for is going to happen.

I think it's fine, because you might be wrong regarding this one time, and yet you will be doing fine eventually when the time comes. I get that there are moments when you buy at the peak and then it drops, but if you could DCA your way out of that pit you got into then you will have a lot more confidence in what you do. I get that not a lot of people do that and I get that it may not be all that easy, but this looks like it is not going to be all that difficult to handle neither, we are going to end up with a situation that can be salvaged.

So, do not assume that you are doing terrible just because it may go down, you could still fix it, and do fine. I did that, I bought at 40k and then it went as low as 15k, but I kept on buying on the way down, look at where it is right now, I didn't get scared one bit because I knew that eventually it would go back up and it would give me some good decent return without a doubt, that was the most important part for me.

Buying at ATH price of Bitcoin is a different story, we can't compare it to any situation like "you bought at peak and the price drops" because you can be able to see it many times anywhere in the market. DCA is good and but doing this won't maximize your profit. If you bought at ATH but the price suddenly drop impulsively and then you applied to your plan, your goal is to recover the possible loses.

I didn't said that when the price went down you can't be able to recover the funds but it takes time before you can fully recover your loses during the bearish market. If you have faith with Bitcoin, you will never be worried about the price, you will believe that the downfall of the price is just temporary.