New investors are waiting for the right time and the fall of Bitcoin to invest, but it may not happen, the history of Bitcoin teaches us that the more hesitation, the less opportunity, many people knew about Bitcoin from history but they did not come forward to invest in it and many of them were those who invested in Bitcoin and among them were long-term investors who made their investment long-term to bring them success, those who did not come forward to invest in Bitcoin are currently disappointed with its value because they could have done it but they were behind because of their wrong mentality, again many invested but they panicked and sold after seeing the fluctuation of Bitcoin's price, and many people kept Bitcoin for some time and when they saw their wealth increasing, they could not hold it for the long term due to their greed, they also sold it, and those who did not dare to invest in Bitcoin are just listening to stories, so in that case, do not stay behind even now, but if you have discretionary income, then you should not hesitate Start buying slowly, because rather than regretting it later, a bold move today can bring the biggest rewards in the future.
I remember a few years back this friend of mine would say he would like to purchase Bitcoin at the correct time.
He reckoned when it was cheap it could go lower.
When it rose he thought it was too high.
Basically… he never bought.
Fast forward Bitcoin price skyrocketed far beyond what we even thought of.
Now when we refer to it he just shakes his head and says, Man... I would have done better to purchase when I had the opportunity.”
It is the issue that people believe that they will understand when the right moment will come though it never seems to be perfect.
When the price is down, the fear says, wait it is going to crash.
When the price is high, greed shouts, “Buy now before it goes even higher!”
So that is why there are so many casualties of birds knocking the door in the wrong end up buying high and selling low.
This is the reality which states that Bitcoin is not predictable at short term. Nobody can call the next move.
However, when you consider the long term perspective then history has proven that purchasers who buy and hold tend to fare much better than those who attempt to speculate by timing each and every down movement.
If you do have some extra cash lying around that you can invest, potentially don t just overthink it.
Buy just a bit, stash it and you cannot simply gape at the price daily.
You could be grateful that you at least started then instead of waiting around for someday to start.