This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.
Some people find bitcoin very interesting when the price is increasing steadily, this is the time they would really want to invest because of imagination of the profits to gain if bitcoin is invested as the price is increasing. The mistake some people normally make in bitcoin is to wait for the bull season before investing and this is just selfishness because the only reason for this is just to make money quick from bitcoin.
Bitcoin is volatile and unpredictable, this period people should not be selfish and go into the market with amount that they can't afford to lose. The increase of price of bitcoin should not be a reason for one to invest all they have or the amount that can't be afford to lose.
Ii is very important for people to be conscious and not to be carry away with the price increase of bitcoin to invest much to make gains for themselves. Invest what you can afford to lose , this formula has really helped so many people.
Your words are reasonable and instructive!
However, many people think that when the price of Bitcoin is increasing, it is the only way to make money
. But as the market increases, its value increases. The market can rise as much as it can, it can break. The future of Bitcoin can be really bright, but investing is not just about following what others are doing. The right solution is to make decisions based on your own understanding, risk tolerance, time frame, etc. Being patient at the right time can be the most powerful strategy.
Those taught are that of traders, it is only a trader that will say when Bitcoin price increases they make will more money because they are scared of losing their money when the price drops.
Trading is never a good strategy of making investments in Bitcoin, and whoever that is interested in trading is not an Investor but a Trader, and even those experienced traders that you think are going to do better than someone who focuses only on investing and accumulating bitcoin are not doing any better so it is misleading to think that experienced traders are going to be more profitable when involving themselves in Bitcoin trading.
Therefore it is adviceable to avoid and stay out of trading.
In as much as traders predict or do their job of predicted the price fluctuation of bitcoin, they are not the only one that wants the value of bitcoin to increase, investors too want to see an increase in value in the asset they have, remember that they didn't invest for the mere sake of investing, they invested because they saw potentials, in the realm of their foresightedness, they believe this asset has all the trappings to give them substantial return on investment. So I believe @HOPE25 was emphasize on the need for you as an investor to understand that the market can rise and can break so it's good to have your own understanding and not just go with the bandwagon, so you could know your risk tolerance and the level
of perseverance you should have an investor.