I'm new here, so hello everyone I'm cryptokidBTC ive just started investing, I'm in my 20s so when btc was low and coming up i wasn't really intouch with btc nor could I buy any, but after 1-2 years of knowing of btc now and regrettably not investing I've finally started, not at the best time, I'm curious on what everyone else thinks about if btc might drop again over the next 2+ years etc.
I'm asking cause I wanna dump a good portion of my income into a btc savings, just not sure if I should while its hit a nice 200k nzd or if it may drop down for a period and climb back up
If you're so concerned about the drop then you should wait for dips, there is no use in being in hurry anyway.
Investment should be made wisely, spend more time learning about bitcoin and wait for the dips, the disadvantage will be missing the rally but its better than losing the money if you're so concerned about the drawdown.
From my experience there's always dips to get in.
It’s better to get started investing in bitcoin the moment you’re able to figure out your discretionary income instead of waiting to buy in the dip which might not occur so soon and you end up not doing anything. That time you’re waiting to buy the dip would have been used to accumulate a reasonable amount of bitcoin stash and gradually build up your portfolio. And for an investor whose initial strategy is focused on the long term goal of accumulating and holding and not just for a quick profit, I think is advisable not to wait any longer for dips to occur before you accumulate bitcoin, using the DCA method of accumulation bitcoin can help to gradually buy bitcoin with just your available discretionary income no matter what the market price is.