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.Bitcoin investment is not like any other investment; you need to carry out thorough research to know if the investment is worth putting in your money. When starting a bitcoin investment, you don't need to know everything about bitcoin before you can start investing in bitcoin. Once you know the basics of bitcoin and you have a steady income that will always allow you to consistently accumulate bitcoin and also solve your daily expenses at the same time, you are very much okay to start accumulating bitcoin, and you can continue to learn and increase your knowledge in bitcoin alongside your accumulation journey. Since you are much concerned about trading bitcoin for the short term and also investing in bitcoin for long-term purposes, you are already taking a wrong step towards bitcoin, and it will lead you to no good, and you will regret in the future why you ever made up your mind to trade bitcoin for the short term. So to avoid any future regret and losses, I will advise you not to trade bitcoin for short-term profit and focus only on investing in bitcoin for the long term so that you will always have enough money with you and be in control to solve your daily expenses, which allows you to hold your bitcoin as long as you want to hold it.