The best time to accumulate Bitcoin is not when the price is low, although it is the traders that think in this direction because they want to buy low and sell on an increase,
That's not the mindset of the traders only, holders purchase on dip knowing that bitcoin will definitely increase and it increase will be greater than now,
They didn't know anything,
theythere is no guarantee on the continuous price appreciation of Bitcoin. They were only optimistic, if there was a greater knowledge on the price appreciation of Bitcoin,
babymany people who panic sold would still be holding by now. We're all optimistic about Bitcoin continuous success and that's why we're buying and holding in a bid to secure our financial future through our investment into Bitcoin.
so immediately the price of Bitcoin falls from 124k many rush and purchase knowing the next move will be higher than 124k.
Those who do this are just gambling on Bitcoin price, they may never have a decent portfolio on the long-run. The best approach remains buying and holding regardless of the market conditions. The
targetbenchmark should be reaching your accumulation target still within your holding period because the more quantities you get, the higher value for your investment you'll enjoy even you go long-term in Bitcoin.