Those who wait for the fall can never do anything good. Because when the market price is high, they wait for the market to fall. And when the market falls, they think that the market may never recover. They are afraid of even small market drops. They do not have complete faith in Bitcoin. In terms of investment, you do not have to worry about the market price. Whatever the price of Bitcoin is, you just keep buying your Bitcoin until you reach your target. Keep buying until you can accumulate enough Bitcoin in your portfolio. And can you continue buying weekly or monthly using the DCA method. And should you try to keep your investment period between 2 and 3 circles?
In the case of investing in Bitcoin, those who always think that the market is in the current position will not invest in that position, but they will invest when the market comes down from that position. In the case of such investors, it is seen that they just wait, but after waiting, when the market goes down a little, they do not invest, but they think that the market will go down further at that time and they keep waiting again, while waiting like this, for a while it is seen that the market goes back to a good position, then they regret why they did not invest in Bitcoin at the lowest level. So I think we cannot be like all these investors because if we are like them, we may always miss investment opportunities.
In the case of investment, we can invest consistently by thinking extra and understanding the time and opportunity, and for this investment, the DCA investment strategy can be adopted. By adopting this strategy, investors will not have to regret later that they missed the investment opportunity.
Correct knowledge of Bitcoin is essential for investors, it's those that don't have accurate knowledge of how to invest that will be caught up in mistakes. Bitcoin is volatile, you don't know exactly when it'll dump or pump so there's no need to wait for the perfect time to buy. Bitcoin has built a reputation as a cryptocurrency that will always reach new ATH so don't bother much about what the current price is, buy if you have the funds, on the long term you will get profit reward for your investment. That is why it's better to have a long term plan for your Bitcoin accumulation so that you won't be bothered about short term speculations. If you're on income you can adopt the DCA strategy to buy and increase your bag, as long as you have the funds to accumulate there's no need to wait whether price will dip some more because something else can take the funds from you.