This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.
Yes, you are right, there are many people who do not want to buy when the price is low and later regret it when its price increases. If someone buys Bitcoin when the price is low, then it will reach a high level later and good returns will be obtained from this. I like to invest in long-term investments because if you hold it for a long time, it gives more profit than I expected. There are many who panic when the price drops and sell it. I would tell them to hold on patiently because the Bitcoin market fluctuates a lot, so I would say that after the price drops, it will later exceed the previous position and create a new position and reach a high level. I think Bitcoin is the safest currency to buy, so I always invest in Bitcoin.
There is no specific time to invest in Bitcoin because the price of Bitcoin always goes up and down, in which case we can never determine the price of Bitcoin, so if you are interested in investing, you should not lag behind by saying that the price of Bitcoin has increased, in which case you are expecting dumping. This is a bad habit. When you wait for the price of Bitcoin to be dumped, its price may increase further and you may lag behind. Then you will think again why you did not invest at that price then you will regret it. Bitcoin is cheaper now than in the future because Bitcoin has a limited supply and demand. Then the price of Bitcoin will continue to increase more than we feared. If you have a specific source of income from which you can earn, you can invest with the money earned there, keeping your own necessary expenses and leaving the remaining money, so you use the DCA strategy. You can invest regularly or monthly, because only your large amount of money will bring you big profits. Such thoughts will lead you to greed, then you will lose the price of Bitcoin. You will panic when you see the fluctuations and if the price of Bitcoin is higher than you bought it, you will think that maybe this is the best time for you so you will want to sell.
To avoid such wrong decisions, you should invest using the DCA strategy. This will prevent you from making wrong decisions and not panic I believe to mitigate the effect of panic when investing, we should be sure to invest with our discretionary income first of all, we all can figure out if we have discretionary income after attending to our expenses. When you invest into bitcoin with finances you would be needing soon, it increases your anxiety about the performance of bitcoin. Having identified that you have access to discretionary income, you can progress to being as aggressive as you can without overdoing it in your regular buys and building out variances of backup funds to safeguard your investment from being tampered at a time you did not choose. You have a higher chance at being resistant to anxiety when you create a balance between your cashflow and your investment into bitcoin and the more you can manage your cashflow better, the higher your chances of achieving success in your accumulation journey. DCA is there to smoothen the effect of volatility of bitcoin price on your investment.