The thing there is those guys who believe that they can sell their bitcoin investment and buy back cheap are just funny guys who still lack knowledge and understanding about bitcoin investment, because bitcoin investment doesn't work that way. It Will be better they keep accumulating bitcoin on a regular basis through buy only and hold than even thinking of selling to buy back cheap. selling their bitcoin investment to buy back cheap is just another Risk on it own, why because bitcoin may end up not dipping to the extend they are expecting it to dip in other for them to buy back cheap, which they will still end up buying back bitcoin at a higher price and still end up regretting why they even sold their bitcoin investment in the first place.
Selling high and buying low is a characteristic of a trader. This kind of mentality cannot be a long-term investor, the goal and plan of a long-term investor is to buy Bitcoin and hold it for a long time. The goal of a long-term holder is to buy Bitcoin at any price. Look at the
world famous company
MSTRMicroStrategy, they are constantly buying Bitcoin, it
does notdoesn't matter what the price is.
If you sell Bitcoin and plan to buy cheaply, then such an opportunity may not come, because the future is uncertain. Many analysts and large holders say that the price of Bitcoin will increase a lot over time. So plan long-term to get high returns. We all know that Bitcoin is limited to a supply of 21 million, so the demand for Bitcoin will continue to increase in the future, which will definitely increase the price of Bitcoin.
I saw in the news that 74% of Bitcoin is in the hands of long-term holders, and they have no plans to sell, then of course the future of Bitcoin will be very bright. Those who buy and hold Bitcoin will definitely get good returns, so we should continue to invest in the DCA strategy.