The Bitcoin market fluctuates a lot, but when there is a big dump in the Bitcoin market, many investors may panic and experienced investors consider this dumping as a discount and hold it for a long time for high profits. However, many experienced investors think that when there is a big dump in the price of Bitcoin, buy it and then sell it when the price increases. So that you can increase your half and make a bigger investment with that money so that you can do it for the long term.
To me Bitcoin is the best performing asset in the world today and it is only visionary for anyone buying Bitcoin by obeying certain principles such as buying from your discretionary income, just buy as you can without any form of pressure to enable you hold for long.
It is dumb to buy low to sell high to buy again because the price is not stagnant while all your focus will only for you to see that Bitcoin goes lower so you can buy with the money you sold out and it may not happen, the idea of buying low and selling high to buy back is wrong.
This type of idea always keeps an investor in confusion. Buying low and selling high and buying low again pushes an investor towards the market maze. In this way, he may never get the opportunity to buy, because what he expects in terms of buying and selling will never happen and due to lack of patience, he will be forced to choose a harmful path. Although it sounds like a story, it is completely real. Because investing in this policy is never possible, rather you can trade in this way but it is very risky. The possibility of losing your money in such an idea is very high, which is why it is never advisable for any investor to enter into such a policy.
The most effective policy of Bitcoin investment is to buy consistently and hold for the long term. You keep buying until you are satisfied. That is, you buy consistently until you reach your goal. Why push yourself towards a complex and risky investment policy like the temptation of short-term profits outside of such a simple and effective investment policy? It's still good to study investment strategies, but spending time on complex and risky strategies is a waste of time.