Post
Topic
Board Speculation
Re: Is It Time to Buy More BTC?
by
Farma
on 30/08/2024, 08:25:30 UTC
I think it's a good time to buy Bitcoin when the price of Bitcoin falls. Every dip is considered an opportunity for Bitcoin holder. Because current position of Bitcoin will not remain in the same position for a long time. If the investor accumulates bitcoins slowly then he will definitely be able to make profit in the long run. If there is money to invest then more bitcoins should be collected. Bitcoins are relatively easy to accumulate, especially for those who do DCA. It allows a holder to buy bitcoins in any situation which is not easy for other investors to collect bitcoins. Bitcoin price is currently below 60K and will likely continue to rise. Therefore, it is best to increase your Bitcoin accumulation during this period.
The current bitcoin price condition is highly recommended to make DCA investment to accumulate bitcoin because the current bitcoin price is still relatively high for the target purchase price unless you buy gradually from the DCA strategy that you have planned, but I relatively save USDT to be patient waiting for the market price to fall to increase investment and there is always the opportunity to buy at a low price, such as a correction rate above 10% in a day which is very rare in crypto market activity but this movement is very profitable if you save thousands or tens of thousands of dollars for bitcoin investment purposes.
Making a plan before deciding to invest in Bitcoin is very important and if you want to use the DCA method in investing then you must first have funds that you can hold for a long period of time and buying gradually will of course be very good in the process of adding investment assets that you have because we will never be able to know for sure how far the price of Bitcoin will fall and by buying gradually of course this will continue to add to the assets that we invest and if you keep your funds and wait for the decline you could miss the opportunity to make a profit and of course it depends on each of us whether we are ready to maintain the funds we invest in the long term or not and if we are not able to survive of course we can invest according to the funds that we are able to maintain in the long term.