Bitcoin market from 70 thousand dollars suddenly touched 66 thousand dollars, although I lost some money due to this temporary dumping of the market, I still see this change in the market as a big opportunity to make profit by investing.
First of all you are holding the investment for a long time it is definitely a commendable act. The market went above $70K at one point and from there the market dumped a bit but later the market again reached around $70K. In the second phase, when the market crossed 70K dollars, then the market made some stubble candles and the market started dumping again. Some investors think Bitcoin may halve this month as April is the halving month for Bitcoin. But I think there is nothing to get too excited about this temporary change in Bitcoin as other years have seen before the halving the market will only go down but this year the market is very positive. I would agree with you that the temporary dumping of the market is definitely a good investment opportunity for investors.
The price of Bitcoin naturally and a few days ago was 70 thousand dollars at that time many investors invested and some investors were waiting for the price of Bitcoin to drop a bit. That's why some investors were waiting for the price of Bitcoin to fall because they would have the opportunity to buy more Bitcoins at a relatively low price. Opportunities have arisen for these investors because the market is dumping a bit, at this time if those investors invest in Bitcoin and wait for a few days, they can make good profits in a short period of time. I already have enough amount of investment, then after seeing this temporary dumping of the market, I am planning to add some more amount of investment to my total investment.
If investors invest seeing that the market has dumped a bit and after a few days when the market pumps up a bit then if investors sell their investments then I would view their activity as trading rather than investing. Trading is usually done for short term and when a trader has some profit in his coins he sells his coins and waits for the next trading. Long term investment is where the investor will continue to invest continuously and before investing he will set a target. Before investing, the investor will have a certain target and the investor will hold his investment till that target. Investors have to face a lot of challenges in holding the investment for a certain period of time and still accepting those challenges the investor has to hold the investment for a certain period of time. For investors who hold their investments for the long term, temporary changes in the market are not too exciting and not too much to worry about.
I have made a deposit account which I have paid a few days ago, I want to withdraw the money instead of keeping it in the bank and invest in bitcoins because the price of bitcoins is relatively low now. If I invest now and hold for a short period of time, I will still get a good amount of profit from my new investment, which I will not get if I keep the money in the bank.
Hopefully this will definitely be the best step for me in investing and I will be able to invest all the money in my deposit account and achieve success.
You only mentioned in the third part of your post that you want to invest your deposit account money in Bitcoin but you didn't say anything about how much money you had in your deposit account. If you have enough money in your deposit account, I would suggest you to invest the money in DCA method instead of investing the whole amount at once and divide the money into several parts. That is, assuming you have 5K dollars at the moment, instead of investing all this money at once, divide your total money into 10 to 20 parts and invest it consistently. Whenever you invest your money in 10 to 20 parts, there will be an ability in the price and you will get an opportunity to invest in several steps of the price, thereby reducing the risk of loss in your investment.