Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Who says it's too late to buy Bitcoin?
by
ZeroVinsonN
on 19/03/2025, 20:43:51 UTC
⭐ Merited by JayJuanGee (1)

If you have accumulated enough Bitcoin and then decides to only buy when bitcoin price is low it wouldn't be problematic because you have already accumulated to your satisfaction and decided to buy only when there is dip, but very problematic when you only buy when the price of Bitcoin is low which is always done by traders, accumulating Bitcoin using the DCA strategy is very much recommended for investors to accumulate Bitcoin with since you can be accumulating bitcoin both when the price is at highs or low without always waiting for it to get low before accumulating Bitcoin.

Those who always wait for bitcoin price to drop before accumulating Bitcoin don't value or know the value bitcoin holds they are not aware that bitcoin is a great asset that we need to accumulate enough and hodl for a long time  for the sake of our future and generation to come.

In the previous cycle I did the same, when bitcoin became more expensive than 40k I stopped buying, but continued to accumulate stablecoins, there was a lot of hype then and all the headlines said that bitcoin would go to 100k, but it only reached 69k and went down, but I was in no hurry to buy, I waited for it to go below 30k, and then I started buying and bought all the time until the price reached 40k again, after that I stopped buying again, but as before I continue to accumulate stablecoins.

This time when bitcoin reaches 130k (because I believe that the bull run is still ahead) I will sell some, maybe even most of it and wait for a new bear market. Maybe this time in a bear market I will start buying earlier, around 50k, I am not ready to say for sure yet I will act according to the situation, assessing the market. I admit that Bitcoin may at some point reach a point where its volatility will decrease significantly if governments start buying it for their reserves, but until then volatility may persist.
You should know that there is a difference between trading and investing, buying bitcoin during a DIP for the purpose of selling when the price somewhat double and hoping to buy again when it DIPs isn't something I would do myself, what happens after you sell and the price skyrockets?? How do you plan on buying back what you have lost?? Would you even be willing to buy bitcoin again after?? Setting a target value should be the way to go regardless of any steep changes in price along the way, and the set target should be long term (around a decade), this is the way to invest in bitcoin.

I saw a lot comments abou why buy BTC is not late,but no one gave it a second thought that for 100k tooooo expensive!!! Wink
100k might seem expensive now, but check back again in 5 years then you will call 100k cheap, the value for bitcoin has grown at an alarming rate (nothing steady about it) and it will still grow.
You don't have to 100k worth of bitcoin, you can start with $10 for every week, do this for 2 years and see how much bitcoin you will have by then, check back again after another 3 years while still making your $10 deposit a weekly basis (i will advice that you try increasing your deposit though), then your entire believe that bitcoin is too expensive would have been gone by then.

That's what I thought of and I meant on a positive way. Just like what were being told that we'll never see $3k, $10k and so on again and they did really happen and we've never seen them again and the same might happen for $85k because we'll be higher by that time.
No one of us can see the future, we can only speculate. But if you look at the past and read the old posts here in the forum, there are always the same questions and the same answers. Of course there are more information, but a lot of it is also reflected today. And i think that if the price should reach $1,000,000 per bitcoin at some point, then the questions will be the same: will it go up? how high can it go? when will there be an alcoin season?  Smiley

Exactly, speculation!! But if you look at how far bitcoin has come then you wouldn't need an expert analyst to tell you that bitcoin still has a ways to go, in the near future, we will look at the current price and call it cheap.