Those who know about Bitcoin never say such things whether Bitcoin is now late. Those who know Bitcoins actually look at the market and by analyzing its speedy analysis, investors invest in Bitcoin constantly if you notice the market constantly. How to buy a lot of bitcoins that you can’t imagine. If you verify the market cab you can take the right knowledge about Bitcoin because its price was much lower when bitcoin started a few years ago but now its price has become about $100,000 I think by 2025 Bitcoin will cross $150,000 so those who want to invest still can invest because I think you can benefit if you invest.
Think of the current price as the lowest point out there.And act accordingly
Being Bitcoin doesn't mean we should lose the sense of careful investment, you can never shortchange a safe and smart investment for anything.
This present level is expensive enough, it's good for those who are looking for some short-term investment. But when the time comes to buy for long-term (HODLing), I advise anyone to wait for the long-term dip to buy a cheaper Bitcoin and make more money from it. Let's stop confusing people in the name of Bitcoin.
Even if we cannot know bitcoin's short term price direction, it is not correct to suggest that a better approach to long term investment is to wait for dips.
Anyone who is a long term investor should give little to no shits about the price of bitcoin, and merely be buying bitcoin regularly, consistently, persistently and perhaps even aggressively.
Sure, each person is responsible for determining his own level of aggressiveness in investing into bitcoin and the extent to which there might be value in having some funds set aside for buying dips, versus just buying regularly, consistently and persistently on a weekly basis with whatever level of his discretionary income that he chooses to allocate towards bitcoin purchases.
Then you will be fooling yourself!
Being Bitcoin doesn't mean we should lose the sense of careful investment, you can never shortchange a safe and smart investment for anything.
This present level is expensive enough, it's good for those who are looking for some short-term investment. But when the time comes to buy for long-term (HODLing), I advise anyone to wait for the long-term dip to buy a cheaper Bitcoin and make more money from it. Let's stop confusing people in the name of Bitcoin.
Being Bitcoin doesn't mean we should lose the sense of careful investment, you can never shortchange a safe and smart investment for anything.
This present level is expensive enough, it's good for those who are looking for some short-term investment. But when the time comes to buy for long-term (HODLing), I advise anyone to wait for the long-term dip to buy a cheaper Bitcoin and make more money from it. Let's stop confusing people in the name of Bitcoin.
If you are going to hodl for the years to come - then I do think any entry point would do fine.
Surely, the one after the dip or a correction would be better, but the results would still be positive, just to a different degree.
You are correct john_egbert. Long term investors do not need to spend a lot of time worrying about their entry point. Sure if there happens to be dips when the guy is buying, then there is no problem to take advantage of dips, yet any newbie who enters bitcoin with intentions to hold bitcoin for the long term, need not spend a lot of time considering entry price, especially if it is going to result in failure to buy and overly strategizing about the BC price rather than just buying bitcoin persistently, consistently and on a regular basis, perhaps even buying bitcoin on a weekly basis for more than a whole cycle or two before such investor might start to consider that there might be some need to adjust his strategy.
Even though bitcoin is a great investment (perhaps the best investment that is widely available to everyone around the world), it tends to take a long time to build up an investment portfolio, especially for people who might have relatively low levels of discretionary income.