Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.
As far as Bitcoin has not reached it ATH, the opportunities are still open for anyone to embrace, Bitcoin increase is still at it early stage despite the recent appreciation in price, it only a novice that will say that buying now doesn't make sense, last week the movement of bitcoin was between 50k-51k but now we can see that there is an upwards increase which we never know the next price, so it is better to buy now than to keep spectating, spectators are always discouraged because of their eagerness to always work with any available information which is bad, to me the best thing to do as an investor that's is ready is weighing options and doing the needful before regretting your actions.
True, there is no way to predict or time the future price of bitcoin, therefore attempting to do so is always risky. The "buy the dip" technique you proposed can be a smart way to capitalize on opportunities when the price of bitcoin is low, but keep in mind that there is always the danger of losing money when it comes to buying during a dip, but you can never know if it's the lowest it can go or if it will go even lower, so it's important to expect anything and everything no matter the technique you choose to employ when investing.