Quote from: Dorkylickjj on March 25, 2024, 08:55:21 PM

Quote from: Balto77 on February 06, 2024, 10:05:43 PM

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.

If you intend to hold Bitcoin, you will be ready to increase your investment at any time. Because your holdings will depend on when you should invest. Whenever you invest for long term you can participate in your investment at any time by following DCA method. But whenever you hold for a short period of time you have to buy bitcoins from the deep market. And when the right time comes you have to sell this hold to reap the profit. But I would suggest you to definitely participate in long term holdings the benefits will be more if very less.