You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment. It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.
The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.
Correct. And I strongly agreed on this that at any time buying is not a bad action because Bitcoin that is purchased regularly for long -term purposes will be in a profitable position if it is assessed from the aspect of price only. I don't really care about market conditions before the new ATH is achieved is the best time to buy.
I don't pick a best time to buy bitcoins. For me anytime is the best time to buy. But for long-term investment, I consider it a profitable time to buy Bitcoin when the price of Bitcoin declines a bit. Because at that time I get the opportunity to buy more bitcoins at a lower price which helps to accumulate more bitcoins in my portfolio.
I have seen many people who panic when the price of Bitcoin drops. I don't know why they panic
if they have invested for long term then what is the reason for them to panic when the price drops? Because they have to wait much longer for the sale price, the current price is not their sale price. In case of sale, their profit or loss will not be calculated on the current price. I think long-term investors don't panic about price drops, gamblers panic about price drops.