Timing bitcoin market are mostly done by traders, they spend more time studying when to buy and sell looking for quick profit by selling their bitcoin in loss. Investors who watch bitcoin market waiting for the dip sounds like a waste of time because they’re missing out by holding fiat whereby value depreciate, it’s better they buy the dip now else they might never see the previous dip although even if previous dip price range will come they’ve already wasted their time.
Waiting for a certain period of time to buy Bitcoin can harm an investor in many ways. Waiting for a certain period of time means that you are delaying the investment and leaving your fiat for a long time unnecessarily. During this time,
the value of your money may decrease due to inflation and you may lose. Even Bitcoin is very volatile, so you may not find the opportunity to buy at the price you are getting today in the future. Think of the present time as an opportunity to buy more Bitcoin at a low price. By waiting, you may lose the opportunity to buy at a low price and may harm yourself. Even as a result of delay, you are losing buying opportunities and pushing yourself back from achieving your goals. Due to which, achieving your goals will be delayed and you will have to spend more time. Another thing is the possibility of withdrawing yourself from the investment due to disappointment. Not getting the desired price, you may take steps to withdraw yourself from the investment and lose the opportunity to turn yourself into a Bitcoin investor. This will definitely make you regret it.
This is very true, especially if the investor finds himself in a country that their local currency depreciates against the dollar continuously, then the investor does not only loose in terms of wasted opportunity, but also looses on the side of inflation too, so it is best to hedge your funds against inflation and currency depreciation by investing it straight up into bitcoin instead of keeping it idle in the bank for the banking system to keep using it for their profits and in turn it keeps depreciating and becoming less valuable for the investor while you have a chance to put it to work for yourself by investing it into bitcoin which you can enjoy 100% of the profits(aside taxation) in the future.
In the case of current Bitcoin investment, we should not lag behind because time will not stand still for us and will continue to move, the price of Bitcoin is variable, which can be high pumping or dumping, but in that case we should come forward to invest in Bitcoin now, the price of Bitcoin may be cheaper in the present than in the future, in that case, if you invest in Bitcoin and complete the long term with full confidence, then in the future your wealth will increase several times and you can also be one of the beneficiaries, the price of Bitcoin which we can never determine, but the future of Bitcoin is bright and this bright future has the power to illuminate our lives,
Bitcoin is actually a currency with great future potential, it has the potential to be bigger than people expect, and at that time, success will only be achieved by those who believe in Bitcoin and are able to hold it for the long term from now on.
There is no guarantee of Bitcoin's success, but the possibility is very high, and based on this possibility, you need to create a long-term holding mindset if you want to achieve Bitcoin success.
The best decision to deposit Bitcoin is to deposit a certain amount of money through DCA, which you can afford to lose, you can buy Bitcoin from your discretionary income or create a source of discreet income, and accumulate Bitcoin from it continuously, this is definitely the right decision.
But at the end of the day, you have to be consistent in your investment and be ready to hold it for the long term. The supply of Bitcoin is limited, and the demand is increasing day by day, new investors are accumulating huge amounts of Bitcoin, all in all, it is constantly growing, so according to its future potential, it will become much larger, so accumulate and hold Bitcoin from now on, it can bring you greater success than you expect in the future.
You should have a long-term plan to invest in Bitcoin so that you can grow your wealth, but we can never determine the value of Bitcoin, however, if you have money left over from your income source after meeting the needs of your family, you can invest in Bitcoin regularly or weekly or monthly according to your ability. In this way, if you continue to invest for a long time, your investment will start to grow stronger.