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Author Topic: Is It Time to Buy More BTC?  (Read 1310 times)
boty
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June 01, 2024, 02:19:41 AM
 #221

For now btc is a little bit risky to buy, i see the btc price is now so high and we need a big amount of fiat to buy small amount of btc, maybe we should wait for the price to drop down before we buy because if we buy now and the price of btc drop drastically we maybe in a big lose we need to understand the situation to avoid lose.
Since bitcoin is a long-term investment, trying to time the market to accumulate bitcoin in a dip will delay your bitcoin accumulation journey. You can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. The DCA strategy will allow you to accumulate bitcoin without waiting for it to dip before you can do so. With the DCA strategy, you can even accumulate bitcoin when it's increasing or decreasing, and it will also control your emotions.
I agree with what you say, waiting for a decline before making a purchase will of course miss the opportunity to collect Bitcoin, because we cannot know for sure whether the Bitcoin price will decline and using the DCA strategy as you mentioned will of course allow us to get big profits if we collect it regularly.
Controlling emotions is of course very important and we should not use savings funds for other purposes in the investments we make so that this will interfere with us in carrying out investments.

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June 03, 2024, 05:29:16 AM
 #222

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.

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Velemir Sava
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June 03, 2024, 08:36:29 AM
 #223

I agree with what you say, waiting for a decline before making a purchase will of course miss the opportunity to collect Bitcoin, because we cannot know for sure whether the Bitcoin price will decline and using the DCA strategy as you mentioned will of course allow us to get big profits if we collect it regularly.
Controlling emotions is of course very important and we should not use savings funds for other purposes in the investments we make so that this will interfere with us in carrying out investments.

Indirectly, if you want to buy DCA, you can at any time, but it's better if you want to buy BTC in installments, even better when the market is being corrected so that the estimated value of our assets will increase even more if one day BTC experiences a price increase. Controlling emotions is not only needed in daily life, it is also necessary. Grin Grin.

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Republikcoin.com
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June 03, 2024, 04:39:38 PM
 #224

Indirectly, if you want to buy DCA, you can at any time, but it's better if you want to buy BTC in installments, even better when the market is being corrected so that the estimated value of our assets will increase even more if one day BTC experiences a price increase. Controlling emotions is not only needed in daily life, it is also necessary. Grin Grin.
There is no problem buying Bitcoin with DCA as long as it is to be stored in the long term with the aim of collecting little by little which will eventually become more in our own wallet. Because buying to save for the long term can also be considered as a form of investment in the best assets such as Bitcoin, so it is more appropriate to do so as long as we have income that we can use some of for this. And usually people who want to implement the DCA strategy will not focus too much on what the price of Bitcoin is at this time, but will focus more on what the price of Bitcoin will be in the next market cycle.

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June 03, 2024, 11:36:07 PM
 #225

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.

Bitcoin price is also very likely to hit the highs this year as Bitcoin is always hovering between $60k to $70k. So any time Bitcoin price could reach bull market targets, I had some fiat money that I bought Bitcoin with. So I think bitcoin is worth buying anytime and holding and long term holding.

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