~Snip
The news of the US attack on Iran the negative market situation and the successful strike on the nuclear target is going to lead to a successful conclusion of the war. Or the fear of a missile attack on US targets in the Middle East by Iran, the market is depending on each factor. I think that the downward trend in the price of Bitcoin should be a continuation of buying for investors.
In the second week of this month (June 13), the price of Bitcoin fell significantly due to the start of the attack but it was above $ 100k. In reality, there may be mixed reactions among investors about the long-term impact of the war, but I think that if the price of Bitcoin falls further, it will not take long to recover. DCA method and aggressive accumulation are the right decision and even taking care of Bitcoin holdings is worth it.
I know the escalating tensions between Iran and Israel caused the market to plunge even further. Finally $100k couldn’t withstand the selling pressure and now bitcoin has dropped below it. I am not worried about this drop at all, I think this volatility is completely normal. I force myself to save and try to accumulate on every dip, but due to increasing needs I can’t always do it. If you have a budget, accumulate with the DCA approach, it will work for you.
But remember, whatever advice you read from anyone here should not be taken as your financial advice. You have to research and analyze it yourself, even if you are not an expert. The DCA method is very effective as a profitable step for long-term investment. Of course it requires consistency and patience, but I have proven that this really works for me.
Bitcoin remains a long term play so many things tend to be quite good for bitcoin in terms of the world being fucked up in a lot of ways... Yet, bitcoin is not fucked up because it is based on standards that are largely set in place.. so we should not be letting short term negativities or even anything that might affect the BTC price to really affect what should be our ongoing actions to keep buying bitcoin regularly, consistently, persistently and perhaps even aggressively, at least for a whole cycle or two. Once we get through a whole cycle or two of buying bitcoin consistently and regularly, then maybe we might be able to tweak our approach in order to account for world events and/or our anticipations of possible price movements.