Rather than establishing yourself as a trader by buying and selling Bitcoins at the price, it is wise to collect Bitcoins according to your ability and plan for a long time and strengthen your portfolio over time. Behaving like such a trader becomes like gambling. Because Bitcoin is very volatile in nature. It fluctuates a lot in the market and it is not possible for anyone to control these fluctuations.
If the purpose of buying and trading Bitcoin is for a short period of time, then the person will be greedy for profit, which will confuse the person with small market movements. But when this is the case for many years, then that fluctuation will not confuse you. Of course, the person must understand that Bitcoin has repeatedly reached its highest price in history and at the end of the day it has increased its real value. There are some people who are greedy and invest money that is useful for their urgent needs, but this is not the policy of investing in Bitcoin. To invest, you must have extra money that you do not have to withdraw quickly after you invest. Again, some people think that the price of Bitcoin has become too high now, so it is not possible for them. Having this kind of mentality is not right, it makes that person very reluctant to invest. I would like to give a small example here, suppose a friend of yours bought a land in a very good position near the city for 10 lakh taka 10 years ago. After ten years, the price of that land has doubled. Now what is your opinion? After another 10 years, will the price of that land increase or decrease? Of course it will increase because the position of that land is like that.
However, in the case of Bitcoin, the matter is a little easier because there is a DCA method. In this method, you get the opportunity to invest from your small income to a large income, no matter what.