Quote from: BITCOIN4X on July 05, 2024, 09:13:35 PM

Quote from: Xcode7 on July 05, 2024, 08:24:19 AM

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

Of course accumulation is the right advice, but I agree about what can you do if you don't have a budget? Accumulation basically requires a budget that varies greatly depending on how much you want, but I wouldn't necessarily say one needs to be forced to accumulate. Bitcoin certainly has lower risk than altcoins, but if you really want to accumulate, then consider DCA too.

Before deciding to take advantage of the downturn, of course we must first prepare funds that we can use to accumulate Bitcoin because if we don't have a budget, of course it is impossible for us to accumulate these assets and if indeed we still force ourselves to accumulate, however It could be that we need these funds so we have to take them under any circumstances. Of course this is very detrimental if the price has not recovered and it would be better for us to have funds that we are ready to hold for a long period of time if we really want to accumulate Bitcoin now so that we don't just runs for a while then we have to sell again at a loss.