As I check Bitcoin's price and see that it has surged to another ALL TIME HIGH, I feel both happy and SAD.
Why?
Because the more it surges higher and higher from here, the higher possibility that we may never have the opportunity to buy Bitcoin below $100,000 again.
My next major Bitcoin purchase will be below $100,000 IF we are lucky to see it there again.
You should have regrets for waiting rather than buying, yet of course, when to wait and when to buy are personal choices.. and hopefully you were not sitting on too much cash waiting for a dip that did not end up happening.
True Investment decisions are personal but waiting for a specific dip can mean missing opportunities. There is a possibility that the dip might not happen with the current movement of Bitcoin.
Well, we all have different strategies for accumulating but buying Bitcoin at a high price will not bring regrets if you hold for long. Not too long ago Bitcoin hit 100k and now it's even soaring higher which means anyone who bought at 100k price is already in profit so I don't see a reason why a person should hesitate to buy even at this price when we know it'll still grow higher.
Yes, waiting for a price drop when buying Bitcoin is not an appropriate strategy for long-term investors. Logically, we should understand that waiting for a price drop is a strategy that is prone to dilemmas. So, rather than worrying and missing out on opportunities, I don't think buying Bitcoin should be fixated on price. Regardless of the current price, it's highly likely that in 10 years, the price will be much higher, and we'll profit. So, why ignore momentum and choose the right price when buying Bitcoin? Time and momentum are far more valuable when investing in Bitcoin. Bitcoin is a continuously growing asset, so if we continually wait for the price to drop, those expectations may not be realized. Therefore, take advantage of every available opportunity.
Waiting for the price to drop to buy Bitcoin is never a good strategy, as a result of waiting, you will only lose real buying opportunities, is there any guarantee that the dump you are waiting for will come at all? But despite this uncertainty, if you do not invest and wait for the price to drop, then you are only blocking your potential profit, just like those who did not invest at $107K a week ago, they are now deprived of the profit of $117K. However, this is just an example, I am never encouraging you to make such short-term profits, I am only trying to explain the disadvantages of waiting when investing. However, all in all, you must have a consistent buying mentality, and hold for the long term, do not worry about the price when buying, because the current price of Bitcoin is very small compared to the amount that Bitcoin has the potential to grow in the future.