Quote from: Marvell1 on July 25, 2024, 04:21:48 PM

Quote from: bubilas on July 25, 2024, 11:15:24 AM

Quote from: Silberman on July 24, 2024, 11:43:14 PM

If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.

It's just better not to rush now. The price behaves very sharply after the introduction of ETFs, and it is absolutely clear that the market has changed and the old patterns are not working.
Price movements have become fast and recoilless, whereas before the price always adjusted its course. Therefore, it is better now to wait until 35-45k in Bitcoin to the dollar.
I am sure this goal is close, because a sharp decline has begun.

What do you rely on to guarantee that bitcoin will drop to 35k$-45k$? Do you sell all your bitcoin and wait for it to drop in price as you predicted because that will help you buy twice as much BTC for the same amount of money? I don't know if there have been any changes since the bitcoin ETF was approved but I still want to tell you that bitcoin is still the same, unpredictable. Therefore, do not be too subjective that you understand bitcoin, understand the market and think that your prediction will definitely happen.

Like the recent adjustment when the German government sold bitcoin, many people had the same prediction as you. They thought that bitcoin would fall below $50k and they were determined not to buy when it dropped to $53k, but in the end bitcoin has unexpectedly recovered. They already regret not buying it when it was $53k and now they will have to buy it for more, so I don't think it would be a wise decision not to buy now and use DCA.

I'm not trying to give financial advice to anyone at all, it's just what I personally would do. Why am I thinking about falling? On the weekly chart of Bitcoin it is absolutely clear to see a trend that has changed and is going down. And at the moment we are at the top of this trend, so I think it can only go down further. Of course, it’s everyone’s personal choice to buy Bitcoin this way or through the DCA. I wish everyone profit and good luck.