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.
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.
I also disagree with you because i can't comprehend the point you are trying to state here as you keep contradicting the whole statement because indirectly you are referring to Bitcoin as a pump and dump which gives me the mindset that you don't really understand Bitcoin that much because if you do you wouldn't have regard it as a pump and dumb, perhaps maybe your confusing Bitcoin price movement going ups and downs to be pump and dumb so on the contrary Bitcoin cannot be regarded as such because is only altcoins that behave that way.
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 are also getting it all wrong here because the purpose of DCA strategy is not to accumulate Bitcoin and sell when your investment portfolio has increased is totally wrong actually because that is not holders mindset instead it sounds more like someone who has interest on short term, so actually if your mindset is for holding I think you should reason how your portfolio will appreciate more in value instead of selling.