Post
Topic
Board Trading Discussion
Re: "Everyone" is all wrong about Bitcoin...
by
taufik123
on 24/03/2024, 18:32:31 UTC
Don’t chase for price I must say. I feel people are very wrong here. They judge the capability of the coin through its price. You need to understand that Bitcoins are limited in numbers, hence the price will definitely go up in the longer run. As the time passes more people will know about the coin and will show interest in accumulating it. But due to the fixed supply of Bitcoins, the price will just go up. Hence forget about the dips and price, just buy and accumulate the coins whenever possible.
But at least as an investor who does want to own more Bitcoin, buying when the price drops is better than buying because of FOMO.
Buy and collect a lot of Bitcoin when Bitcoin crashes, it's the right time.

It doesn't always have to look at how much Bitcoin costs, but seeing how we start logging in is important.
I did some DCA when the price crashed and people started dumping Bitcoin, because it was the easiest way,
and also used technical analysis to find out how far the price of bitcoin would go down.