Quote from: lizarder on Today at 02:03:48 PM

Quote from: simonnn on June 24, 2024, 09:06:48 AM

As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?

I value speculation when it comes to investing.

If you have money then we can buy bitcoin in a dip but there are still ways to accumulate even if we don't have much money to buy in large quantities. If the investment concept you are running is a long-term choice then buying bitcoin at the current price is not a problem because even if bitcoin falls in the future there will be a time when bitcoin will strengthen again at a much higher price. If you want a balance of purchases then we can use the DCA pattern to accumulate so that when there is a decline we can use spare money to buy in much larger amounts.

There is always speculation about bitcoin and this is why bitcoin can always give surprises, where the price can go up or down beyond predictions. But if we choose long-term investment, then buying bitcoin at any price is not a problem. Waiting for the price to drop is also not necessarily able to buy it because it is feared that when bitcoin goes down we do not have the money to buy it. It is better to use the DCA pattern to buy so that we can set the desired purchase amount according to the capital we have.

You would really be able to see the relevance when you have a USDT which is really that reserve for this moment on the time that the market will really be having its correction.
Honestly, when the market would really be making out such correction or dip then it would really be just that so hard for you to make out such consideration on taking up some buybacks or DCA.
Why? the main issue on here is on your own mind and emotions on which you would really be thinking that you would be needing to chase up with with bottom. This is why people would really be
that missing out those good entry just because they would really be hindering out on the moment that the market will really be making up such correction.

Market cant really be just that only having that one path to take or movement to have on which it would really be just that normal with those ups and downs.
It couldnt really be moving on just one path because that wont really be called a market in the first place if it would be just like that.