there is no purchase that is too expensive or too cheap, it all depends on the point you determine. if you plan to sell at 60k, the investment you are making now is good enough. or better yet, if you hold it for a longer time, maybe your investment can become even more profitable.
The main point is the target that we set ourselves when we start investing, because we want to set a long-term target for Bitcoin investment in the $60K range. That means it's still good enough to buy from now on, but if the current price range has provided a hundred percent profit because of buying Bitcoin at a much lower price last year, it wouldn't be wrong for an investor to sell. Although it would be much better if you still save to see the potential increase next year in what range the Bitcoin price will be.
It's already more than 100% profit for us if we have invested at the lowest price last year of $15,500. So that is the good thing about bitcoin investment, in just short amount of time you can really make a huge profit without doing anything in your part but just to buy and then hold. But the bigger picture is still the bull run that we wanted to see next year. So buying at $35,000 could still be a good idea.
And this price seems to be very expensive, yeah, for some it is, but just look at how the price moves to $37k-$40k. There is still profits to be made short term. But as I have said, it's better to look long term so that when you buy today and if you think it's expensive, then just wait till we enter the bull run.
I did miss out that $15k bottom price on which we do have tons of analysis and speculations that the price might be going down below on reaching that $10-12k on which i have been anticipating on the same thing but ended up on having entry on 20k price point on which we do see the price didnt really go that low on which it is really that a huge regret for us to have considering that
it was really indeed the bottom price of this cycle. If we've been able to have those entry into that point then we are really that basically be having 120% profit as of this writing basing up on 37k price.
No one really had been anticipated knowing that bottom price is never been that something easy to be known on. Market is unpredictable and it would really be neither a hit or miss
when it comes to this scenario.
For those people who had bought on 35k then for sure they are making money as of this moment because the price had already come up.
For those who had just been waiting up then they had missed up the opportunity on making profits in short time but well mistakes could really be obtained because we can really miss out
due to unpredictability of the market.
