Quote from: Rabata on August 18, 2024, 10:15:00 PM

Quote from: R1dwanRz on March 20, 2024, 03:02:50 PM

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose.

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.

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.

Now is the best time to hold the investment for a long time. If you watch, you can definitely see that the Bitcoin market goes up and then down again, and this is a precursor to a bull market. But the key to investing is to be patient and save it for a long time, but the DCA method is the most likely to hold bitcoins. And it is very important for both new and old investors to follow this DCA procedure. The only successful holdings are those who hold bitcoins following the DCA method.