Post
Topic
Board Speculation
Re: Is now a good time to sell or buy bitcoin?
by
erep
on 08/09/2024, 21:25:30 UTC
People like this are usually people who have never been in 1 bitcoin cycle or about 4 years with bitcoin, the average new person who does and has such a nature.
When prices drop fear, when prices rise FOMO, until whenever people like this will not get a decent profit from bitcoin, but I think they will learn from their mistakes if they already have 1 cycle experience with bitcoin, more or less will understand the bearish and bullish of bitcoin and can have a mental addition to how to invest in bitcoin.

To implement this, a good financial strategy is needed, such as one of which we must have cash to increase the accumulation of bitcoin when the price drops.
Maybe that type of investor has a limited budget and their understanding is very lacking in analyzing crypto price movements, they tend to be easily influenced by short-term movements so they are very hasty to decide on considerations without the right decision, for example some must have cut losses because they assume the bitcoin price drop will be below $ 50k, their mindset is easy to panic with market movements but they always regret selling at a low price but the market price turns out to have a significant recovery the following week.

They need to learn the DCA strategy that must be applied in investing in crypto, this strategy is able to make someone keep holding assets even though the price conditions are decreasing because they will add crypto assets every time the market price decreases.