Many new Bitcoin investors are confused, they are wondering whether it is a good time for them to buy and hold Bitcoin at this time.? We know that Bitcoin is currently in a volatile market, which is why we have seen Bitcoin fluctuate between 112k and 116k for several weeks. Which is why many Bitcoin investors are confused about accumulating more Bitcoin. I mean should they buy Bitcoin at this time?
If you say they are hesitant because they're afraid that the market might get bearish, I would understand. However, if it's because of volatility, then it does not make sense because volatility is the intrinsic characteristic of Bitcoin. You just cannot take that away from Bitcoin, and that's one of the basic things anyone should know before buying Bitcoin.
Do you think it would be right for me to buy Bitcoin at this time? I am waiting for your comments.
Some persons would say wait when the market is bearish, and I would say that too if your target is to hold short term. However, there's no perfect time for buying Bitcoin. It all depends on what you want and how long you intend to hold. $69K was once an time ATH, but right now it's gone and $124k that we are celebrating and calling ATH will be bottom tomorrow.