Buying bitcoins little by little and withdrawing them to a personal wallet is the most effective way. I've been doing it for a few months and now I think I'm pretty successful even though I only have a few bitcoins at the moment. But I hesitate to buy again when the price of bitcoin becomes too expensive. Do you have an opinion? Unfortunately I just found out about this forum, if I knew about it a long time ago maybe I would have more bitcoins. Even though I've known about bitcoin for a long time, I was hesitant to start buying bitcoin for a long time before finally deciding to start buying it on binance
When Bitcoin prices become more expensive, you may stop for a moment to wait for a correction. You can buy it again when the Bitcoin price drops and accumulate it. That's what investors usually do.I disagree with you on this, every i dea investor take advantage of every opportunities they see in the market. However, when the price seems to be more expensive, you don't wait for any form of corrections rather the dca strategy gives the investors that flexibility of buying or making purchases irrespective of the price point and when it becomes low you can as well buy wholesomely or lump sum buy, the waiting strategy that you are referring to is more like a trading strategy than investing, Idea investor don't attempt to time the market rather they have a certain level of preparedness as regards to the ups and down movement of Bitcoin where waiting can never be in their dictionary but rather utilize various strategies where and when necessary in other to increase the size of their Bitcoin investment.
Bitcoin market from 70 thousand dollars suddenly touched 66 thousand dollars, although I lost some money due to this temporary dumping of the market, I still see this change in the market as a big opportunity to make profit by investing.
The price of Bitcoin naturally and a few days ago was 70 thousand dollars at that time many investors invested and some investors were waiting for the price of Bitcoin to drop a bit. That's why some investors were waiting for the price of Bitcoin to fall because they would have the opportunity to buy more Bitcoins at a relatively low price. Opportunities have arisen for these investors because the market is dumping a bit, at this time if those investors invest in Bitcoin and wait for a few days, they can make good profits in a short period of time. I already have enough amount of investment, then after seeing this temporary dumping of the market, I am planning to add some more amount of investment to my total investment.
I have made a deposit account which I have paid a few days ago, I want to withdraw the money instead of keeping it in the bank and invest in bitcoins because the price of bitcoins is relatively low now. If I invest now and hold for a short period of time, I will still get a good amount of profit from my new investment, which I will not get if I keep the money in the bank.
Hopefully this will definitely be the best step for me in investing and I will be able to invest all the money in my deposit account and achieve success.
Mate, you need to know that Bitcoin investment is not a quick and get rich scheme. Bitcoin is best performed when view on a long term perspective where you have to accumulate Bitcoin for different circles of about 5 to 10 years or more in other for you to have compounded value of your investment, but your expressions shows or talk more of a short term profits maximization which are associated with traders with the aim of maximizing profits within the shortest time frame. I also observed that you a bit confused such that you unable to differentiate between trading and investing in terms of Bitcoin the one that you are in to and you need to figure this out by yourself, although this is a Bitcoin investment thread and not some fucking trading discussion for short term profits.