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Author Topic: I am a newbie so I want to know what season I can hold bitcoin.  (Read 8662 times)

Offline SmartGold01

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #90 on: June 02, 2024, 07:05:03 PM »

The DCA strategy is very good because it is usually bought like this if the price is very High , but you have to consider something, if a possible war between Iran and Israel is formed right now, things can change a lot for the market whenever there is a fundamental like this Well, things with bitcoin can lead to a lot of panic among investors, and that can cause the price to go down, which is not so bad because you can buy much more bitcoin and Cheaper, then in this order of ideas things can Manifest that it is a good option to buy, I assume that if the price is below the last ATH it is time to buy, and to buy well.
I agree, if you buy BTC now is the right time because BTC is already below the new ATH, and the war factor will also have a bad impact on BTC like during the Russian war yesterday, but over time BTC can rise again, so there's no need to doubt it. invest in btc when the market is red like now, don't wait for btc to go below 60k$ because it's not certain that it will reach below 60k$ again

Yes, it is true, these types of things are always fundamental to know, be all war in these cases because they are speculative markets, they are always at the forefront to know if there are new fundamentals and how the market can react, but it is a fact that Until now I see The war thing has calmed down somewhat, which is a good thing. It is also well known that when these types of things exist, we see that new business models are generated when there is an active war. What happens is that these business models are between countries and only they win, what can be given well is that if the loser wins then the main thing is to buy bitcoin cheaper, it is the most Profitable thing that can be given , with respect to the investors, they have nothing left but to wait .
I don't think if the war between russian and ukraine truly has a major role to play in bitcoin price neither will Iraq and Iran war has any major effect on bitcoin price why because the war was already there but bitcoin gained new ATH. The major country I think that can affect bitcoin price negativity is USA or any other countries that has a major holder from their country. Price of bitcoin can only go down a bit but can't believe 15 percent for a country being affected by way, there are people trading bitcoin especially the institution traders can never allowed bitcoin to crashed that much except for these two seasons we have which we calls it bull and bear season only thing effects the market.

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #90 on: June 02, 2024, 07:05:03 PM »

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Offline UNIVERSE

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Re: I am a newbie so I want to know what season I can hold bitcoin.
« Reply #91 on: June 02, 2024, 10:20:46 PM »
The problem with buying Bitcoin right now is it's high transaction fee so I don't think DCA on smaller amount works on this or do you guys have any idea to lessen the fee or we just wait for it to go down?
Don't too often sending the Bitcoin. And send the Bitcoin when the transaction fee is decreasing.
I think it is no problem to keep the Bitcoin on the exchange wallet temporarily if it is just small number of Bitcoin. Just collect more Bitcoin on the exchange, send the Bitcoin to non-custodial wallet when the number of Bitcoin is quite large. But we must ensure to choose reputable exchange to buy and keep our Bitcoin there. Binance is one of the most recommended exchanges.

You will invest on bitcoin because you want profit. and everyone invest for same reason.
Of course, there is no investor who spends their money on Bitcoin because they want to waste their money only. Every investor wants to get the profits as many as possible. However, it depends on the strategy used by the investors. If the strategy is effective, they can earn the profits optimally.


 

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