At the moment Bitcoin is worth $69,931.59, we are about to break 70K again. I'm very bullish on Bitcoin right now, I tried holding as much as I could when it was under 60K. I tried to grow my investment portfolio with my maximum. Anyway now that I have a decent portfolio, and I'm continuing my investment in DCA, And i will continue until I reach my goal. anyway I think Bitcoin will cross 70K in some time. And I reckon we'll see a bull very soon.
We are just getting started with the rising price of bitcoin and às an optimistic fellow I see a possible new ATH in the month of August. Am guessing a lot of those who out of market fud panic sold their bitcoin when the price felll dip below $60k would be in regret by now that the price has bounced back at almost $70k. There are always two different sets of individuals in turbulence time's in the market, those who see opportunity and those who see problem with the market. It's only those who see opportunity like you that continued with their DCA strategy accumulating more portfolio before the price would surge back high because the investment plan is one of a long term for the bull run.
Your advice is not acceptable to me, because regular investors never invest after seeing dumping and pumping in the market. Investing in the Bitcoin DCA method Those who follow the regular DCA method only invest, and when the portfolio grows, they will sell the bitcoins again after a long time.
You notice that currently the most difficult phase is those who are buying and selling Bitcoin outside the DCA system, now is the opportunity to invest in Bitcoin for the long term. You see a poor investor can never buy bitcoins all at once, so buying small amounts of bitcoins over and over again with this DCA method will definitely build up a large portfolio.
That's because you misunderstood it all which is okay. I wasn't talking about regular investors buying bitcoin only when the price dumps to pump again, so maybe you need to reread the comment to have a better grasp of it than seeing it in the way you want to see it fit. I had to differentiate between the two types of investors in the market, those who are quickly engulfed by the market FUD and news (Mt. Gox sales and the Germany government sales of their bitcoin) which affected bitcoin price to deep, with some investors panic selling as bitcoin price kept on dipping below $55k whereas the other sets of investors which is the category of Ricardo11 were taking the opportunity of the dip to continue buying and accumulation their bitcoin portfolio. And for me, that's how every long term planned investors should go with their DCA, buying at both dip-ish and non-dip-ish times without fears because their plan is long term and bitcoin will definitely do better in a long term.