I think some people really get emotional for a while when they don't have more money to accumulate bitcoins. Amid the current major correction, this should be a valuable opportunity to buy and accumulate. Unfortunately, some of them may not have spare money that can be used at times like these. Buying when prices are dip is a good strategy, but buying when prices are dip of dip is always better, which means DCA makes it possible.
Those who don't have money to invest will not really regret it later but those who had enough money to invest at one time and those who knew about investing but missed the opportunity to invest at that time definitely didn't invest at one time. You will regret it. We believe the investment journey is very simple. Just buy bitcoins with some amount of money and after some time sell that investment and it will make us profit but investment is not like that. Those who invest in long-term plans actually know how challenging it is to hold on to investments.
You said in your first statement that when the price of Bitcoin comes to a low, some amount of Bitcoin can be bought and held in the DCA investment method. I would like to ask you a question about how we know when the price of Bitcoin may be relatively low. Or when the price of bitcoin is at its lowest, we can buy bitcoins at that level. If the price could be fixed then no one would lose money by investing and everyone would gain a lot of money.
Bitcoin price has touched $20k to $100k and we have seen many changes in the market due to this price gap.
Now naturally I can say that when the price of bitcoin was 20k dollars we waited for the market to come to 15k dollars and when the market came a little below 20k dollars we still didn't invest. From that stage the market has now touched $100K and now we expect the market to come below $100K.
Here I want to make one thing clear that you can't just sit back and wait for the market to come down because the market can reach any level at any time. All we can do is invest money consistently with risk so that we don't regret that we missed an investment opportunity.
I don't know how low the price will correct today, but I don't think it will go lower than $95k. Recovery is expected as soon as this panic subsides and today's close is expected to be over $99k. In the last 24 hours, the price has fallen by 4.5%, this is not always considered a bad thing by those who can take advantage of the opportunity.
At the current level of the Bitcoin market, most investors feel that the market will dump a lot from this level, which is why many investors are currently refraining from investing. This is the first time that Bitcoin has ever touched $100K and the market seems to be in this position for a long time. But if anyone has doubts about this price of the market and if it seems that the market will be relatively dumping from here then I would like to tell them that you can wait for some time. But those who believe in consistent investment those who invest in DCA investment method can maintain the consistency of investment with relatively less amount if they want. Because we don't know whether the market will dump from here, but there is a possibility of pumping as much as there is a possibility of dumping the market from here.