Quote from: Justbillywitt on February 13, 2024, 10:03:40 PM

Quote from: smelody on February 13, 2024, 06:57:38 AM

Quote from: Marvelockg on February 13, 2024, 05:59:27 AM

Quote from: Fuso.hp on February 13, 2024, 02:46:08 AM

After a long time the price of Bitcoin crossed 50000 dollars. This is definitely good news for every investor. But there are some people who are a bit regretful to see that Bitcoin price has touched $50,000 because they missed the investment opportunity even though they planned to invest. Those investors basically missed the opportunity as they waited for negative change after every positive change in Bitcoin but after some negative change they waited for more negative change but the market did not change as they wanted and the market moved forward at its own pace.

The Bitcoin market dropped to $38,000 and did not take long to touch $38,000 to $50,000. If those who had planned to invest could have invested in a few steps but now they would have made a lot of profit but they are only waiting for negative changes in the market due to which their investment was not completed.

except what you are referring to is a short term investment if not either choosing to invest at $38k or $50k doesn't make any difference for a long term investor. The rate of volatility were are currently experiencing hasn't gotten to the height where you will assume that it isnt profitable to buy at the moment. Although it would have been more profitable to buy at the $38k to $40k price, buying bitcoin at it current price is still very much okay.

Quote from: Fuso.hp on February 13, 2024, 02:46:08 AM

As before, many may be planning to invest, but currently the price of Bitcoin is at its highest level, so many may think as before that they will invest when the market goes down again. I would say to all those investors that you start investing at any time in the market without waiting so much and continue to increase your investment according to the DCA investment strategy by relying on your investment. I hope you will be satisfied with your investment like me.

is it true that bitcoin price has a peak value? And that the current price is the highest it can go? I doubt to be really honest. I still feel that you're still sounding like one that is relating with the price of bitcoin as a trader rather than someone interested in holding for a long time. If you look at the price of bitcoin at the range of five to six years back and you compare it to the current bitcoin price at the moment, you wouldn't consider $50k a peak at all. If you have the resources to accumulate bitcoin now, I feel it's still okay to do so because considering the recent happening in the global market and the high rate of dependence and adoption bitcoin has experienced, buying at the current price and holding for just five to seven years will give you a very profitable investment.

The market Bitcoin now $38k and will not take long to touch to $50k. This kind of price movement can indeed present both opportunities and challenge for investors. For those who were considering investing but hesitated due to concerns about further drop it is understandable to feel a sense of missed opportunity as the price has since risen. Investing in cryptocurrencies like Bitcoin can be highly unpredictable and timing the market perfectly is difficult.

As a bitcoin investor who understands what you are doing and you are in for it for a long time, then timing the market is none of your business. You don't need that as it is going to slow you down in achieving your investment goals. Moreover nobody has successfully succeeded in timing the bitcoin price movement. This is why bitcoin is unpredictable. So remove your focus from market activities. Your only focus should be buying. The only time you visit the is when you are buying your bitcoin with your adopted approach as a long term investor.

We have learned a lot of strategies to use in accumulating bitcoin in this Buy the Dip and Hodl thread. This thread has helped me understand that there is no need to time the bitcoin dip before I can accumulate my bitcoin, which makes it very hard to time the actual bitcoin dip. With the knowledge shared on this thread, I can accumulate my bitcoin with the DCA strategy at regular intervals and still buy the bitcoin dip if I wish to do that. What I just need to do is divide my funds into two equal parts and use one part to accumulate bitcoin with the DCA strategy and use the second part to accumulate bitcoin when there is a dip in the bitcoin price.