there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.Perhaps you don't actually understand the reason for this thread though it may look like a trade kind of thing but we have come over that some time ago, what we are discussing or what we discuss here is how to buy Bitcoin and hold for a long a period of time because that's the best way you can go about Bitcoin since it has a high level of volatility. However, you should stop or take your mindset from trade because it is very risky and it is going to distract you in time to come if you don't stop and as an investor you don't need to learn everything about Bitcoin before you can be able to invest NO and to you don't even need to guess the future price of Bitcoin because that's traders kind of thing and the reason why I said you should stop is because it is going to take you a lot of time to grasp if at all you will... and this is outside it been risky so why stress yourself when you can just set your discretionary and start investing continuously without knowing everything first.