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?
First off, how would you know that investors are confused buying Bitcoin at this time? What's your stats for such statement? Don't you think they aren't confused but that they're only trying to be shrewd in their entry level as they may be waiting for price to dip more? I think it should be the last option in all I listed. Again, you talked about volatility of Bitcoin. You should've seen when Bitcoin was volatile. It's so much calm now, and that's somehow boring for me. You should've been here pre–2020 to observe what volatility is.
Do you think it would be right for me to buy Bitcoin at this time? I am waiting for your comments.
I don't know for how long you've been in this industry but your question there makes me wonder why you didn't buy before now if you're still asking that question.