I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.
Every time is the right time to buy bitcoin, as long as you have the money you want to use, and the purpose of buying will play a major role in deciding if you are to buy or not. So you should not debate if you are to buy or not unless you have plans of not holding for long and are in search of quick profit.
Every little dip in Bitcoin price presents a new buying opportunity for those who want to dive into the market. You don't need to wait for it to get dipper before you can buy because you might never see it at that expect downward price as of the time you want it instead it might make a reverse and the market will start going up.
DCA is the key. Don’t rely on btc price dropping to its dips because to be honest, we don’t hold the future price of bitcoin. We may see it dropping today, but we can’t assure if it will stay that way by tomorrow. So always buy whatever the price because you are not here for quick profits, but certainly for long term investment and long term profits.
While it’s an opportunity to buy bitcoin when its price dumps, but if you have bigger faith for bitcoin, you will notice that everyday brings an opportunity to buy. Despite of bitcoin expensive price, I’ll always see it as highly valuable to buy and accumulate more through DCA.