Quote from: Ticdeneb on March 23, 2024, 10:48:09 AM

Quote from: R1dwanRz on March 20, 2024, 03:02:50 PM

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.

Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose.

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.

Now is always the time to buy Bitcoin. if you have a long-term view and bullish thesis on Bitcoin's fundamentals like increasing institutional adoption and the stock-to-flow model, then buying during pullbacks can make sense as part of a DCA strategy. But having a risk management plan is crucial, as Bitcoin's short-term price is inherently unpredictable. Added to Bitcoin, You might also look out for Memecoins too like TOAD Since Solana Memecoins are on the rise.

Imo, I'm still waiting for BTC to hit 54-59k before accumulating massively, but now that someone mentioned a zero fee trading, might be a nice time to take advantage of it. I'm also heavily into Solana memes as I believe there's lots of potential there😊😊