Well right now I don’t have a specific price to buy bitcoin, because of the nature of the market right now, we still have Bitcoin being aggressively volatile, so what I would always appreciate doing now is buying bitcoin through the DCA techniques and not considering what the price of bitcoin would eventually be, because you can only speculate about the price of bitcoins, but you will never know what the price is going to be when you’re ready to buy with your discretionary income.
Using DCA techniques I think would obviously save everyone from whatever challenges of trying to predict the price of BTC before they can be buying bitcoin.
So I would say I don’t have next buy right now, what I have available is a discretionary amount to buying through the DCA at any given opportunity.
At times like this, we must be wiser in making decisions. The current chaotic situation due to the ongoing war could cause prices to drop significantly in a short period of time. Therefore, if our focus is on short term gains,, this is definitely not recommended.
Buying using the DCA method, as you have done, is the best choice. We cannot accurately predict the price of Bitcoin. I think that as long as your budget allows, it is the best time for you to buy Bitcoin, regardless of the price, especially if your focus is long term.
The price is unpredictable, the price is volatile, and it is normal under the current situation, so it should not be taken as a matter of extreme panic. When the global volatility stops, everything will gradually return to normal, and Bitcoin will also start to recover. No matter what the current situation is, we should not deviate from our long-term goals, if we decide to abandon our positions at this time, we will definitely have to sell at a loss, and we will never recover this loss, but when Bitcoin starts to go up again, those who panicked and sold during the volatility at this time will only regret it. The market situation will definitely return to normal, even to a greater level than before, but we must have faith in it and remain stable on the long-term goal.