Is consolidating for now , either up or down. But going down will just be a correction to bounce back stronger , one thing certain Bitcoin still bullish but am not concerned with the price for now though am happy that Bitcoin value is increasing but now am focusing on accumulating more , because that is what will surely guarantee me a better ROI . Because if one don't have enough quantity and Bitcoin surges that person won't make enough ROI compared to when they have enough Bitcoin stash .
I think accumulation is key for everyone. Those who have been buying regardless of the movements have done excellently.And the trend is supposedly upward. We have to wait and see how it continues to develop, but the outlook looks very optimistic:
and it has given a good result, for those who in the temporary stage of consolidation and accumulation have had good results:
Bitcoin price retargets $119K as treasuries buy 28K BTC in two days
*Bitcoin ditches its latest dip as strategic reserve hopes replace nerves over Federal Reserve policy.
*BTC price aims for $119,000, gaining nearly 3% versus FOMC meeting lows.
*Corporate Bitcoin treasuries add almost 30,000 BTC of exposure in just 48 hours despite market volatility.
Quote
Bitcoin traders eye strategic reserve as rate cut bets dive
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing nearly 3% from Wednesday’s local lows.
These had accompanied a more hawkish than expected Federal Reserve meeting on interest rates.
cointelegraph:https://cointelegraph.com/news/bitcoin-price-retargets-119k-treasuries-buy-28k-btcData from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing nearly 3% from Wednesday’s local lows.
These had accompanied a more hawkish than expected Federal Reserve meeting on interest rates.
So if these people are buying at such a high level, why shouldn't we? Sometimes we need to follow the same direction as the whales, just to ensure a positive move.
Your idea of following BIG money is not a good one, yet it is true that a lot of long time bitcoiners have already frontrun a lot of companies, governments and/or status quo rich individuals, and bitcoin is in such a position that front running is still possible since even though it sounds like a lot of companies, governments and/or rich individuals are getting into bitcoin, they are still quite in the early stages of finding out about bitcoin and they may well attempt to try to play waves instead of investing solidly in bitcoin in the long run.
Surely there can be a dilemma for newbies in regards to both getting into bitcoin and how aggressively that they might choose to be in regards to their bitcoin accumulation, and part of the problem is that almost no matter what, it takes quite a bit of time to build up a bitcoin investment position, so in that regard, getting started as soon as possible seems to be a good plan, and figuring out their level of aggressiveness in their bitcoin accumulation is likely a good thing to do also, yet still some folks are likely going to either not start and/or not be as aggressive as they should be.. .but yeah, those are personal choices, and each of us has to live with the consequences of our individual choices that revolve around whether to invest and how much.
Because the price of Bitcoin can increase from current price at any time and the current price can be a dip. There is definitely no alternative to gaining knowledge when it comes to being a good investor. If you continue to gain knowledge about Bitcoin along with regular investment, then your knowledge in investing in Bitcoin will increase and at the same time your portfolio will increase. After gaining more knowledge, you should start investing in Bitcoin without delaying.
You are probably wrong in regards to the extent to which you need a lot of knowledge prior to getting started investing in bitcoin, and likely you can learn a lot along the way, and since no one wants to lose money, there likely will be incentives to learn more and more about bitcoin as a person invests more into it. Yet at the same time, one of the mot important things to do is to get started, and starting out position size can surely be adjusted based on how much knowledge and/or confidence that a person has, and surely the less knowledge and confidence that a person has in the beginning may well cause him to invest less in the beginning, perhaps starting out with $10 or maybe $100 or some other fairly conservative amount as he is also looking further into matters, perhaps considering his personal factors, yet not having to resolve all of his personal factors in order to get started investing in bitcoin whether weekly or otherwise.. It's also very agreeable that personal factors can play quite a very vital role in investing, but it's not mandatory to have all the answers to your questions before you think of getting started immediately. By just getting started, you'll be able to learn, refine your perspective and figure out things yourself as you go. Some folks might choose to get started with a small amount like $10 or even $100, and as they become more comfortable and confident in their strategy, they'll potentially increase their investment.
On thing that everyone must keep in mind is that, Bitcoin investment is a marathon and not a sprint, it's more about building a particular habit that works for you or aligns with your goals and then learning how to stay consistent in those habits overtime. Even when the investment is small, as long as you're consistent in your accumulation, it'll definitely add up overtime, and yeah, it's always advisable to keep conducting your own research as this is a great way to keep learning more and more and would also help you make more informed decisions that aligns with your financial situation and personal goals.
You really don’t need to know everything from the start. A lot of us learned along the way, by starting small, making mistakes, adjusting, and gradually building confidence. Even something as simple as putting aside $10 or $20 consistently can go a long way over time.What matters more is forming the right habit early, whether through DCA or another method that suits your lifestyle. The real flex is staying consistent, not trying to time the market like a psychic.
Bitcoin is not some get rich quick scheme, it is a long game. The earlier you start stacking, the better your future self will thank you. Just start, learn as you go, and refine your strategy with experience. You don’t need to be perfect, you just need to begin.......
Trying to be too perfect will likely screw a lot of newbies up, and sure there is nothing wrong with trying to do the best as we can under the circumstances, yet we have to attempt to be practical too. For sure there are some guys that learn faster than others, and they are able to figure out more details of their personal factors (which might even mean that they were coming to bitcoin with more experience, even if sometimes their experience might not be apparent from the outside, they might start out way more organized and have systems in place to be more aggressive from the start) - yet at the same time, even if I frequently suggest that guys should be as aggressive as they are able to be without over doing it, guys may well have to exercise some purposeful self-discipline in regards to purposefully holding back on their level of aggressiveness as they are becoming accustomed to their new practice of investing weekly (or whatever time period) into bitcoin.