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Therefore, considering history is very important for new investors. Bitcoin is cheaper today than in the future because Bitcoin can increase in value more than we fear and you may be left behind. Therefore, it is better to consider small market declines as opportunities rather than looking for opportunities to invest and it is also important to complete that investment for your long-term.
In the past no one expected Bitcoin to ever cost $100k dollars. But over time the price of Bitcoin has increased more than expected. So we can expect that the price of Bitcoin will be higher than we expected in the future as well. It is not 100% sure that the price of Bitcoin will increase a lot in the future. But according to past history we can expect, so if you invest in Bitcoin and hold on long term you can expect good returns. However, if you want to invest in Bitcoin then there is no need to wait for the fall, if you plan long term and invest in DCA method you can invest anytime, if you invest in DCA method you will be able to buy bitcoin at average price.
Even people who predicted and set a target for bitcoin to reach $100000 couldn't wait in the long term.
This market truly requires patience. Most people wanted to accumulate by making gradual purchases, but had to sell when they needed money.
I wish we could lock bitcoin wallets for 5 years..
Here you need to have patience, a mature mindset to hold on for the long term, and a decision to invest for the long term.
The success of Bitcoin investment depends on how long you can hold on to your Bitcoin.
Bitcoin will continue to grow, but it will not benefit you if you do not have enough Bitcoin.
So you have to have the mindset of accumulating Bitcoin and holding it for the long term, if you trying to achieve short-term profits, that means you are doing trading, and long-term success cannot be achieved from it.
And if you sell when you are afraid of volatility, you are denying the real potential of Bitcoin, as a result, you have moved away from Bitcoin due to minor fluctuations.
And as a result of these, you will only be deprived of the possibility of achieving huge profits in the future of Bitcoin.