if you invest in Bitcoin it is not risky at all, but it will support you financially to hold for long term
No investment does not have its own risk attached to it, especially bitcoin that is volatile in nature. When you fail to gave a proper plan and how to go about your bitcoin investment can make you invest in vain. If you don't have an emergency funds,or your emergency funds is way too low compare to what you should have, and you are just DCAing, it will lead to you selling when it is not at your will. Another risk, is being your own bank. If you don't keep your bitcoin save by storing in a cold storage, and you are either storing on hot wallet or in an exchange, you might wake up one more and all your investment gas been wiped out by scammers. So you shouldn't say that bitcoin investing doesn't have risk. DCAing and long term hodli, limits the risk of you running at loss, and gives you upper hand for compounding profit
That is called consolidation, and sure maybe you might "feel" that we are going sideways for 1-2 weeks, but what is the basis for your feelings merely beyond just feeling such? There is a lot that could happen in a short time, especially if there is a lot of money being juggled around in the bitcoin space, and sure maybe it will just neutralize itself, but who knows. There is still potential for explosive moves or even gradual moves up or down, and none of that would be considered to be a 1-2 week consolidation as you are proclaiming to currently "feel."
So what are you personally doing to prepare? Are you already prepared for any possible direction? Or you are ONLY prepared for sideways in the coming week or two?
The problems with Bitcoin are that even if we want to, we can't make any accurate predictions, I'm not 100% sure that Bitcoin won't go down further to correct. However, looking at all the past behavior, it can be seen that Bitcoin is most likely to go to the upside. Yes, when a lot of money will be invested together at any moment in the market, one must be prepared for any new situation.
I agree with you that, it can go into more serious actions than time(I don't know how much correction %). uptrend is continuing...
Actually that's not a problem but rather a question to be solve since if people just have good thought's and willing to learn a lot of things from its movement from day by day basis for sure they might get an idea on what will be the possible movement next to happen especially if they have tools/charts that they are reading or they are following certain events happening. We are not sure about if it will go down at current price but what's important there is we are prepare for something possibilities like that to happen and ready to accumulate since that is the best part especially if you are doing some strategy that has been mentioned for so many times in this thread.
The price movement of bitcoin shouldn't be our focus because it will add no value or increase our investment portfolio, rather we should continue to buy regularly with DCA approach weekly or monthly,especially those investors that are in their accumulation phase, so that you don't get distracted the what price bitcoin will be, dumping or pumping. Stay focus on building and growing your investment.
While about comparing bitcoin to other altcoins bitcoin has already surpass them all though they are still good altcoins you could invest on.
Why are you contradicting your statement. You said that bitcoin gas already surpasses all shitcoins, which is true, why are you still hyping the shitcoins again. Since the existence of cryptocurrency, I haven't seen any shitcoin that is worth investing in, because it is similar to gambling. Shitcoin is not an investment because it is for short term, and if you want to have an investment that you will benefit from at old age is only bitcoin because, only bitcoin has the potential of giving your profit over time.