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 want to invest in Bitcoin, then of course you can, but Bitcoin investment should be for at least a decade. It is most suitable for you to invest in Bitcoin for the long term, you can follow the DCA method.
If you invest in Bitcoin for two years, then I am not sure whether there can be profit or loss here. Because there is no guarantee that you will be profitable by investing in Bitcoin for a short period of time, but if you start investing in Bitcoin for a long term, then there is definitely a guarantee of profit.
So in this case, you can follow the DCA method, you only buy Bitcoin weekly and continue like this for a long time, you will definitely be profitable.
You are right that if anyone is thinking to invest in Bitcoin right now he should aim to invest for a decade or at least for the next cycle.
Bitcoin can still go higher than its all time high but the trump policies and the tariffs isn't making the world economic situation good and therefore the riskier assets like Bitcoin and stocks will remain under pressure though out the year.
The bitcoin investment should be for at least four or five years and if anyone is buying to get rich in next four or five months, then he should rethink about it.