The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,
Definitely. Bitcoin is not only the digital asset to buy but the safest way to secure our future. Bitcoin has many potentiality that make it quit different from other investment which are:
1. Bitcoin is a good store of value with the potential of higher volatility over time.
2. Dont expire like naira note which could be changed from time to time. It remain constant in appearance while Changes in price due to volatility.
3. Bitcoin is a digital asset that has a long life spam. Meaning it can stay upto 50 years in a wallet without being dominant like local bank account.
4. Bitcoin doesn't require paperwork 📜 where you have to fill form before registration. But can open at the comfort of your zone.
5. Bitcoin has the best privacy and security system expecially in DEX. Which mean you do transaction anonymously without people know who owns the wallet except for CEX where required kyc before exchange.
6. Bitcoin is the fastest way of sending money across the globe without going to the bank or requesting for western union money transfer.
So all this potential are the reason while I say Bitcoin is more important than the way you think.
So my question is when is the best time to buy Bitcoin?
Bitcoin doesn't have a particular time to buy. If you study very well, is either you buy on lump sum, dip and hold and the DCA. But the most popular one is the weekly DCA. Because if you only want to buy when it's dip you might be disappointed because Bitcoin is not waiting for anybody. So the DCA still serves as the best amount all.
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
Like U said, if you wait for it to fall before you buy, you will be disappointed. Just like many people who fail to buy bitcoin when it was low below $16k, now they are regretting why dey didn't buy it then. But the problem about the dip strategy is that you don't really know the best time to buy when it's dip. Because you don't know whether that time might be the last time you will see the lowest dip. And probably if it was, you regret forever. Except bitcoin price fall to same category next time.