The Bitcoin market has started to dip again, especially due to the unstable situation between Thailand and Cambodia, which is very likely to lead to such a dumping situation. However, for those who could not invest in this high market, now is the opportunity to invest, especially since the market dropped from $119k to $116k in a few hours. This is the nature of the market because the market does not always go up. In some cases, the market sometimes goes down and at that time, those who do not invest have the opportunity to invest.
Those investors who waits until its dip before they start investing in bitcoin are only interested to make quick profits, and it’s obvious that they are not worthy of the tittle “investors “ and this is because they don’t have the investors mindset, rather they have a trading mindset. Encouraging people to invest or accumulate bitcoin only when the price of bitcoin gets lowered will only hinder them of the possibility of making a huge significant growth in their investment portfolio for the future, and they may end up not getting started with their bitcoin investment or entirely abandoning their bitcoin investment because they are waiting for the dip which may not happen. Such approach are carried out by people with a quick profit making mindset and believe me there are many folks who wouldn’t still accumulate bitcoin even if the price drops to as low as $50k, they will still say the price is still high, and at the end of the day they will end up doing nothing . Anyone who wishes to venture into bitcoin investment should have a right approach to his investment strategy knowing fully well that bitcoin is a long term investment and at such should be treated as one which means your investment strategy should be focused on the long term goal of consistently accumulating and hodl, using your discretionary income to purchase no matter how little it is without looking at the market price, focusing on gradually improving and building up your portfolio. The DCA method of accumulation makes it possible for an investor to accumulate little by little, either weekly or monthly using only your discretionary income no matter what the price is at.