The current time is a period to buy more bitcoin, the greed index is still prevalent and everyone believes that the price of bitcoin will continue to rise, even those who sell now the intention that the price of bitcoin will decrease in the short term and is an opportunity to buy more bitcoin for the long term.
If you are an investor, it is an ideal opportunity to buy, and if you are in circulation, it is a good opportunity for sale and purchase at a cheaper price in the coming weeks.
I won’t sell except for problems my emergency funds can’t solve because I know I am right to continue buying bitcoin. When I look at my wallet I don’t believe that I am able to hold that much I see in it. Small saving can quickly add up. Be like me and just continue with saving the small you have .
-CJay
. But if you are still in the accumulation stage and you are still new to investing in bitcoin (1 or 2 years) I think it is better for us to continue to do Hodl and continue to do DCA. Because in my opinion bitcoin investors who have not reached the accumulation target, it is better not to think about selling their bitcoin first. Because basically it is not ideal to do. Besides that, how do you know a few weeks from now the price of bitcoin will go down? I don't think you need to say that, because the price of bitcoin is very difficult to guess. So your prediction that says the price of bitcoin will drop in a few weeks, I think it is speculation that cannot be trusted. In addition, if you are too hopeful to buy bitcoin when the price drops, I think you need to rethink that. Because it could be that you lose a lot of momentum in order to wait for the price of bitcoin to drop to buy it. So it's better to just do DCA instead of waiting too much.
Do you now conclude that a person who has accumulated bitcoin through two cycles of bitcoin have reached his accumulation target? That very deceitful and untrue. Someone who has accumulated through 2 bitcoin cycles have probably gone through 8 years of continuous investing probably by DCA which does not guarantee achieving an accumulation target because; the amount invested by DCA might be too small because of his responsibilities or his accumulation is far stretched to be achieved just within 8 to 10 years. As someone who's still active in service and who have been in bitcoin investment for 8 to 10 years, do you now have a mandate to sell? Holding continues in which ever instance because bitcoin still has more in store to offer.
Selling off your bitcoin now may mean quitting bitcoin investment when price rises beyond your expectations that you now have to add more money to acquire equal bitcoin as you sold. Speculating on when to buy bitcoin at dip is not right in any form. Bitcoin volatility still doesn't imply that anyone could successfully predict what the next direction of bitcoin would be. If anyone could rightly predict that, then investors would choose trading over long-term holding. So waiting for a price of choice is a total waste of time as you can start today at any amount you meet bitcoin because the hope of more ATH is still there.
If an amount like $20-$30-$40 can be invested continuously in the DCA method, then it can become a very large asset over time, in fact, the amount of investment does not matter here, here the most important thing is to deposit Bitcoin continuously with long-term faith, you can keep buying Bitcoin continuously with any amount of money according to your ability, but it can become much bigger than your expectations over time, because the chances of success of Bitcoin are very high and the future of Bitcoin is bright.
I agree with you that the amount is not important, but holding it in the long term is the most important thing. The real proof of this is that those who spent only $10 on Bitcoin at the beginning of Bitcoin and held it until now are at what level today? They have certainly become the owners of a lot of money today, although the number of such people is very small.
Maybe history is not possible to repeat itself in the future. We may not be able to profit so much in the future, but if you trust Bitcoin and hold it for the long term, you may not lose, but you may profit more than you expect. Without delay, even if you have a little discretionary money, try to be consistent in planning for the long term. However, a very small amount may not be investable.
Maybe history is not possible to repeat itself in the future. We may not be able to profit so much in the future, but if you trust Bitcoin and hold it for the long term, you may not lose, but you may profit more than you expect. Without delay, even if you have a little discretionary money, try to be consistent in planning for the long term. However, a very small amount may not be investable.
You said that a very small amount of money may not be worth investing. The part of the discretionary income that will not affect real life if lost is the part that is invested. Everyone's financial situation is not the same. However, it would be better if someone continued to invest $10 from his discretionary income regularly than sitting still. Yes, the amount may be very small. But it is possible to profit from this small amount of money. When someone continues to invest even if it is small, it will develop a regular investment mentality in him. If he invests a small amount in the DCA method, his investment will have less risk. And he can at least be a partner during big growth. So in my opinion, it is more fruitful to start consciously even if it is small.
investing in Bitcoin it’s quite easy and affordable when you have a discretionary income, it’s better to get started immediately than be waiting, whoever that think a particular amount of money is not worth investing in Bitcoin is totally wrong, just as we’re different that is how our income and discretionary income would definitely be different, so if someone should be thinking that 5$-10$ is too small to invest in Bitcoin that is totally wrong, we can always buy and accumulate Bitcoin little by little through DCA, but that doesn’t mean that we wouldn’t increase our rate or buying Bitcoin when we have a more robust financial approach, and probably when our financial buoyancy would have increased significantly then you can even buy more or decide to appreciate buying through lump sum.
Honestly speaking when I started my Bitcoin journey investment, I usually was just earning a small amount of money, and after all expenses I’m left with small amounts of discretionary income, I will have to buy on a weekly basis, and then I have to think of other ways of increasing my financial capacity so I can be able to buy and accumulate more bitcoin, but staying consistent was always a priority to me, I wouldn’t want to stay a week without purchasing some bitcoin into my portfolio, I was still accumulating fractions by fractions until I was able to increase my income and my discretionary income also increase and I could afford to buy more bitcoin and increased my amount of buying on weekly basis.
Trading is generally risky for all, there's no very expert in trading as no one controls the chart. Newbies that get involved in bitcoin trading so that out of ignorance in most cases probably due to who introduced them to bitcoin investment and the way he introduced them. If your trusted friend or family member introduces you into bitcoin with a traders mindset, he leaves you in a big decision making level where you fight not to loose daily. But a person who is introduced by a bitcoin investor would, to a large extent, hold his bitcoin stash for long.
This would push me into saying that to raise newbies with an investors understanding, we need to change old bitcoin handlers who are into bitcoin trading. A bitcoin trader would always recruit more bitcoin traders likewise a bitcoin investor.