if only you can be patient a little of course you will get a better value maybe in the range of 17-18k.
hope you get to the big one, Now bitcoin is on its way down again.
But this time I hesitate in terms of investing in bitcoin with today's world economy
We can never know how long BTC prices will stay in these price ranges. Of course, the price could go lower, but going lower is surely not guaranteed and never is guaranteed.
Right now we are decently below the 200-week moving average which is currently at nearly $22,600.
https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/In 2015, the BTC price ended up staying close to (mostly a little bit above) the 200-week moving average in the mid $200s for about 8-9 months.
In late 2018 and early 2019, we ended up staying close to (mostly a little bit above) the 200-week moving average for about 4.5 months.
It's true we never know being in the current situation it seems it will take longer what I expect, I only saw bitcoin prices go up and down but not sharply but I think it's time to buy because it's already low, if you want to go even lower then we will wait for what price target?
For me while there's money in my wallet to buy bitcoins to build up, this might buy a Dip but I guess we'll be feeling the lows again.
It's pretty damned rare that you are going to get any level of confidence assertions regarding either the BTC direction or even certainties regarding how far it might go in either direction.
My practices involve preparing for either BTC price direction (which means preparing for both directions at the same time) and also to have various practices in place depending on where I am at in my bitcoin journey in terms of BTC accumulation or maintenance. Anyone in accumulation should be buying regularly through DCA and buying on dips, and to me DCA seems more important.
You can also have buy orders staggered at various places on the way down. Currently I have buy orders that go down to about $13k, but I do adjust them from time to time, too. When we were at $40k, I had buy orders going down to $20k, and I thought no way in hell that my buy orders down to $20k were going to get filled.. and maybe the ones down to $30k might fill but not the ones down to $20k.. but here we are, and several times I have had to make adjustments based on being in a place that I thought was pretty damned unlikely...
So in some sense, there could be some needs to be flexible and to go with the flow but also to have various systems that you can tweak and to not feel panic even if BTC prices go beyond expectations, and also sometimes you have to be prepared that they BTC prices might not go where you expect them to go.. and it is good to have plans for those kinds of possibilities too... and maybe to continue to adjust and tweak along the way.. depending on if time passes and maybe cashflow continues to come in or maybe anticipated cashflow dries up...
It tends to be a good thing to ongoingly adjust and tweak based on a variety of individual circumstances - including but not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.
But I see in the chart the annual bitcoin ROI is more promising.
So I hold on to it more because I don't want to regret it like the previous year which had reached ATH $69k.
https://casebitcoin.com/chartsOf course, price performance history does not guarantee future results, but surely it does seem that bitcoin remains amongst the best of current investment possibilities... even if we include real estate and other kinds of equities in the mix - including that it is a potential political target that may well be involved in the greatest wealth transfer ever.. but not guaranteed and on a personal level, even if we may well be continuing to study bitcoin as we are investing into it, we still have to be careful to not get too wedded to predictions having to come true in order to attempt to have investment strategies and plans that meaningfully prepare ourselves both psychologically and financially for a variety of possible scenarios... including that our latest crash (negative BTC situation) likely has to do with a lot of wide-spread practices of leveraging and hedging bitcoin in ways that were overly dependent upon the bitcoin price going up.. which caused systematic weaknesses and abilities to manipulate BTC prices down to cause damage to those folks were overly-leveraging (ie gambling rather than investing) for either flat BTC prices or up. There are needs to manage risks with any investment strategy.. including when bitcoin is involved, too.