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?
Anyway, I bought $963 worth of Bitcoin a few weeks ago for 107,000×0.009 dollars..But it is currently making quite a profit from my purchase, which is why I am thinking of depositing some more Bitcoin with it. Especially since I have seen comments from some experienced people where they are constantly discussing Bitcoin, and they are predicting that Bitcoin can hit 130k to 140k within 2025.
Do you think it would be right for me to buy Bitcoin at this time? I am waiting for your comments.
Firstly, what's their plan, and do they really understand what is Bitcoin? not just about buying Bitcoin, but get to know the reason why Bitcoin.
Are you just buying for short-term gains or hodling? Or do you want Bitcoin as an alternative method of payment to cash, and hedging against inflation. Once you identify a reason to buy do not hesitate to begin your investment journey into Bitcoin. Bitcoin doesn't have a particular price to target to buy that is the best or where you can target to buy at the lowest point, but you can take advantage of any dip you see in the market and also by using the dollar cost averaging method, this way you can get a good price out of the market.