Post
Topic
Board Bitcoin Discussion
Re: Who says it's too late to buy Bitcoin?
by
Tmoonz
on 22/03/2025, 23:54:41 UTC
I want advice from those who have been working in Bitcoin for a long time and some advice on how to do something good if I work on it is good for those who are new and want to work with Bitcoin.  Because new bitcoin users don't know when the price of bitcoin goes up and down sometimes.  That may not do any good by buying bitcoins.
Traders see when prices will rise and when prices will fall. Now if you wait for the price to rise and fall then you can be compared to the trader. Because long-term investors never wait for prices to rise or fall, they aim to hold for the long term. Now if you wait for the price to drop you will never find the right time, you will miss some opportunities waiting for the price to drop. So if you have a long term investment plan in Bitcoin, don't focus on whether the price is going up or down, start investing with DCA method. If you invest in the DCA method, you will have the opportunity to buy bitcoins at the average price.

This can be misleading, yes Bitcoin a speculative asset but say that traders sees when Bitcoin will fall and when it will rise is wrong it can be misleading, anyone can predict, speculate the price of Bitcoin but there can never be any guarantees or certainty and not even the so called traders, since no man can control factors that make Bitcoin volatility no man can as well accurately see when price will rise and when price will fall, you need to understand that one of reasons why it is always advisable to approach Bitcoin investment for long term is because no one can predict the price of Bitcoin accurately, Because it is volatile.