From my experience in Bitcoin investment I have come to realize that it is an asset that is best to hold on the long term. So far you understand that Bitcoin has the potentials to always increase and reach ATH after dip you should focus on the long term for guaranteed profits.
If you are not a trader that understands the risk of buying and selling on the short term it is better to invest for the long term. If you invest with the intention of making profit on a specific short term and when that time reaches then Bitcoin happen to dip bellow the price that you bought, it will be an unprofitable venture. Example is what we are experiencing now, some short term investors that perhaps bought at $120k and planing to take profit on 27th august, will be disappointed. Another disadvantage is that you can panic and sell at a loss believing that it will dump again instead of leaving it for the long term to appreciate again.
For peace of mind buy and hodl for a long term atleast for two bull circles you will be sure that whatever price will be then you will be in profit. DCA method is recommendable for income earners, buy with a percentage of your income and hold for the long term.
You are saying the correct thing my brother, to make good profit in bitcoin investment, you need long time investment especially as a new entrant in the bitcoin market.If you are a short time investor, it means you have to be very good in trading bitcoin daily and their is every likelihood that you can loose your money at any point in time.Short time investment is for the inpatient people and the market is more beneficial to those investors who are patient with the market.
There are people or bitcoin investors who have held bitcoin for more than a decade now, and considering the profit they have made , it will interest you to invest in bitcoin for a long time goal.people who invested in bitcoin earlier have turned there little investment into fortune. Today bitcoin is still a worthwhile investment, it is still making millionaires, so endeavour to invest for long time and you will definitely make it big in future.
Due to the high volatility of Bitcoin, the price of Bitcoin can fall or decrease significantly at any time. If new investors panic and sell in the hope of profit, they will lose. But if the investor can invest for the long term, then he will not have to accept such a situation and will be able to profit in the long term without any fear.
The amount of institutional investment in Bitcoin is gradually increasing. Some whale investors try to buy from the dip by spreading rumors in the market. For those who are short-term traders, that time can be bad.
Short-term traders always have to be under human pressure about the market to see when there is a big fall in the market. But those who are long-term traders can profit from Bitcoin without pressure.
For those new to Bitcoin investing, consider a long term approach. Bitcoin has shown potential for growth over time. When you do it with a very clear mindset and patience, because now if you are to invest in the short term, your expectations will always be high, which will not work for you, as the bitcoin market is always volatile in that the price can change at any time. When you invest in the short term, you may eventually end up losing funds without seeing any profitable returns. Investment in Bitcoin always focuses on the long term to achieve something big.