Post
Topic
Board Speculation
Re: Is It Time to Buy More BTC?
by
FinePoine0
on 23/03/2024, 23:50:34 UTC
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.

It is currently worth more than Bitcoin, and Bitcoin is currently at a much lower price than it was in the past. So basically investing in the present is definitely profitable as we have the biggest bull run in 2025. And if it is possible to wait more time, it will be possible to invest in bitcoins anytime soon. You notice the only recovery is the price of Bitcoin due to the Bitcoin halving cycle after four years. But the price of unique coins does not recover that much, that is why the number of investors in Bitcoin is high and they are all on the way to profit. So OP if you want to buy or hold bitcoin then hold bitcoin fast.