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?
Why not?
You said that the context is an investor, which means buying with the intention of holding for the long term, so there is no problem with that. We know that over time, Bitcoin adoption will become more widespread, on a larger scale than it is today. This is very likely to happen, so there is a high possibility that Bitcoin will reach a price much higher than its current ATH.
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.
Based on what i see, i assume you are a trader, because instead of discussing the potential price of Bitcoin in 2030 or the next cycle, your focus is on 2025, which will end in three months. I do not advise you to buy or sell, because your focus is short-term, and opportunities are always there.
I believe that in the coming months, we will enter the end of the bull market, which means the bear market will soon arrive, and prices will undergo a healthy correction. This is a normal occurrence in every cycle. Hopefully, prices will not drop significantly like they did in the previous bear market, reaching the $16k level.