Post
Topic
Board Speculation
Re: Road to 100k?
by
ginsan
on 31/08/2024, 21:45:56 UTC
Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.

Exactly they don't have to wait till the price go down before purchasing bitcoin, this is actually a wrong information to pass out to those who are new to bitcoin. Because if you think you are smart you will just endup missing while waiting for the coin to dip while others are busy accumulating securing a nice portion of bitcoin Stashes you will be busy waiting for the price to drop first (dip) , avd didn't price didn't instead the price kept increasing.

And I  believe alot of people has miss a life changing opportunity due to this acts . Like when the price was around $25k alot folks will be like let the price dip to The price range of $15k but at the end the price rose massively and create a New ATH . While others are still there waiting that's how it will continue to grow as they wait for the dip that may not happen.
The best map in bitcoin accumulation is to accumulate routinely every month or every two weeks or every week and it depends on their concept in the investment journey they do in Bitcoin. Looking at prices in the short term is not a good thing because in the long term target we will continue to buy every stage. Someone who successfully runs a really good investment is someone who is very consistent in accumulating Bitcoin.

Patience and focus on goals are things that must be embedded in making investments. Of course it is very true that many people lose the opportunity to buy because they keep delaying on the grounds that the price will go down again. In fact, the steps they take are of course steps backwards to increase bitcoin ownership in their portfolio. Don't look at the price chart if you are not good at analyzing it, so just focus on routine purchases every week.