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.
Don't be discouraged if the price of Bitcoin drops further than the price you bought it at in a few weeks. Continue to accumulate Bitcoin if you have a residual amount of discretionary funds. Yes, now is the right time to buy and hold Bitcoin. Due to the volatile nature of Bitcoin, investors are more confident in it because they know that its value is likely to skyrocket over time. You should follow the DCA method when it comes to Bitcoin accumulation because it allows you to adopt and implement a long term plan.
You may be more encouraged to invest in Bitcoin by listening to the comments of experienced people but I would recommend that you apply your own intelligence and research so that even if there are risky situations, you can be confident in your own decisions and hold for the long term. Accept the recommendations of experienced people in investing but implement it with your own logic and scrutiny.