Quote from: Mayor of ogba on Today at 08:40:34 PM

Quote from: Nothingtodo on Today at 09:37:14 AM

Quote from: AlphaBheta on Today at 09:04:03 AM

I don't know if people still hold that view, but now is as good a time to get in, if you have the funds to. There's always DCA.

Many who have invested and held Bitcoin may be feeling a little uneasy at the moment, especially those who invested at high prices due to the market decline, and their holdings are currently at a loss. If they want to invest at a current price, i.e. using the DCA method, then investing at the right time right now and investing at the average price will definitely result in a much higher profit if the market corrects later. Again, for those who have not invested at all, it is the right time to invest, and if you have enough dollars, then keep investing.

It is only investors who accumulated bitcoin with the hope of making short-term profit who will panic because since the price of bitcoin has been hovering around $80k plus for some time now, it will not allow them to make their short-term profit, but the investors who invested in bitcoin with a long-term vision will not panic; they will make use of the opportunity that the market has presented to them and accumulate more bitcoin with less money. Since it will take you so many years to accumulate the quantity of bitcoin you want to hold for the long term, there's no right time to invest in bitcoin other than when your money is readily available, and you use it and start accumulating bitcoin right away without waiting for a dip or any entry price so that you can start your accumulation journey and arrive at your completion time earlier than trying to figure out when is the right time to invest in bitcoin, which can possibly delay from accumulating bitcoin because there's no right time to accumulate bitcoin.

It is humane to panic but that doesn't mean you should sell off. No one is happy that Bitcoin has gone down, not even large investors and long term holder. There is this feeling that we all want Bitcoin to keep growing as time goes by. Seing the price going down might make us think there will be a delay on how far the price might go in the future. But the truth of it all is that no matter what we speculate on the price, Bitcoin will surely do as it was meant to do. We all just need to sit tight, holding on to our investment as we watch the price go up.