Post
Topic
Board Speculation
Re: Buy bitcoin now?
by
Dorkylickjj
on 25/03/2024, 20:55:21 UTC
Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
As an investor. A Bitcoin investor. Supposing that you're a holder. I don't think you have to wait for dips before you accumulate coins, that would mean you are timing the market, and timing the market is a thing for traders to do. Holding doesn't  have it necessary to time the market, most people who end up panicking at dips are timing the market, keeping an eagle's eye on it. Dips shouldn't be the only time you buy Bitcoin. When you buy at a certain dip, and then, there's a further dip in the market, you tend to panic. I think, wherever you meet the market, you buy your bitcoins,  and from the tone of your question, this is an average person's case study, so, I'll say, you just DCA and keep buying, whenever you meet dips, nice, you have a little more you can accumulate. It shouldn't be your singular purchasing time.