Tracing down the history of BTC from the beginning of its decimal value to this present day of it's price record of over $90,000, this volatile asset (BTC) has proven it's worth and strength as a digital currency and a profit maker for investors.
With the situation of the current bull season of BTC most analyst advice HODLers to HODL more because BTC will surge to a new ATH of over 100k before the end of the year, which is a good speculation and very likely to happen.
On the other hand, it is a common phrase in the crypto world "buy the dip"
With the trend of BTC is there a specific time to buy in respect to long term investment or it is recommended to wait for it's dip?
Or one can purchase this asset at any price for a long term investment since it always rises with time.
Your thoughts.
If I was buying bitcoin as a long term investment, I honestly will start by buying it at any price, what I will do is decide the total money into two, and use the first part to buy at any price that Bitcoin is at that moment, then with the second part of the money, I can wait and see if the price will drop, but this will also depend on the condition of the market at the particular time..
If we are in a major bull run, I did straight away; buy bitcoin with the entire amount of money since it's not bitcoin I am ready to sell at any moment, but going to hold for a long time.
But if we are in a bear season, I did start by first buying with half the amount of money i budgetted, and apply dca buys with the rest of the funds.