Quote from: SPIDERMAN008 on Today at 11:36:21 AM

You are choosing to buy Bitcoin at a DIP. How one invests in Bitcoin is entirely up to the individual. It is true that if you buy Bitcoin when its price is low, you can make a lot of profit. I am not saying that you should not buy at DIP. But those who buy Bitcoin at DIP or when the price is expected to fall are mostly short-term investors. Those who invest in Bitcoin when it is low do not have proper investment management. They invest a lot of money at once. As a result, it becomes difficult to hold it for a long time. You mentioned that you would buy Bitcoin if the price of Bitcoin falls below $110,000. But if the price of Bitcoin does not fall below this or if the price of Bitcoin falls even more than this, then you will regret it yourself that if I had waited a few more days, I could have bought Bitcoin at a lower price. Or if the price of Bitcoin does not decrease and continues to increase, then you have missed the opportunity. That is why many people have become short-time traders during this buying period. They are using Bitcoin like gambling. As a result, they are suffering a lot of losses. Investing for long time by following DCA with discretionary income is the best way to invest in Bitcoin.

Bitcoin won't fall too far, given its current situation, as its user base and adoption have become so widespread and widespread that investors don't need to wait for this to happen. Short-term investors typically won't dare buy even when the price drops even slightly deeper than the current price, as their mentality is typically weak, making them less willing to buy when market conditions start to deteriorate. So, instead of waiting for this, which can essentially waste more time, shifting to a long-term investor mindset is the more appropriate approach, as Bitcoin can always rebound after a minor correction, like the one currently occurring.

And I quite agree with your suggestion. When we can't afford to buy a large sum of money all at once, using a method like DCA is certainly worthwhile for investors, as it's truly simple to implement and doesn't even feel like a significant difficulty. So, simply take the easier and more convenient route rather than spending more time on something that's essentially uncertain about a deeper decline at any given time.

Fara Chan

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