Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Ndabagi01
on 10/08/2024, 22:25:31 UTC
The fact that am always reading about missed opportunities to invest in Bitcoin or crypto in general, I think the best advice will always be a Buy Buy Buy (crypto blind follower Tongue)!!!
And already price had in the last couple of weeks experienced a bloodbath and crypto enthusiasts expected price to continue on this path...and if you were that kind of investor that went the DCA it would given you some short time profits in no time proving the "buy buy buy" strategy works as I see it to be some kind of hedging!!!
the essence of us buying Bitcoin when the price decreases if because we really want to make a profit for the investment but I know quite well not many people that invest in Bitcoin always think of making a profit and the known of them is interested to experience a logs for the process of bitcoin investment that is why most of us who invest in Bitcoin do target the time the price of Bitcoin will it decrease so that when them purchase they will be at the positive side of cryptocurrency investment, so I think that's the reason why people always like to invest in bitcoin during the time the price decreases in the market

More percentage of people investing in bitcoin are for the profits. An investment purpose is to make profit and if investors are not doing it for that, they could have as well invest in some assets that has no potential value in the future. So I disagree that some investors are not making investments for the profits and are just doing the investment just to experience logs in the process.

Also, waiting for bitcoin to decrease in price before buying bitcoin is not a commendable idea. The market is very volatile and at the same time very uncertain. The price you’re scared of buying bitcoin today and you’re hoping for it to decrease in price might be the last time bitcoin will trade at that price, so that makes it important to start buying bitcoin immediately you’re ready with your funds to start the purchase.

DCAing will help and it won’t make you regret not starting to buy at the time you were ready. The price goes up and down and at every price it fluctuates to, using your DCA strategy you can get to buy at those prices and that could help to neutralize for the times you bought at higher price. This method is not perfect either and doesn’t guarantee you’ll get it at the best prices to have more bitcoin. This will only help not to miss some important opportunities that may never come again and that which you won’t regret that you never let it slide by.