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That is a good decision to wait for the price of bitcoin to drop and buy as much as possible. because nowadays the price of bitcoin is continuously fluctuating from $900 and $1000 so there is $100 profit per week per bitcoin which is much higher for a trader.
as the picture that i snipped for brevity suggests, waiting for the bitcoin price to drop is not such a wise move. you can die waiting for the price to drop.
and in my opinion the mentality of those who are waiting for a drop to get in prevents them from even making any profit. because most of them that i have seen so far are waiting for a major drop and when a drop which is rather big happens like yesterday, they panic and think bitcoin is dead so they stay away completely. then price rises again like today and since they missed the chance to buy bitcoin cheap and now it is "expensive" again, they continue waiting!
What do you mean? Price dropping is normal in bitcoin but I have to agree that waiting for a major drop is not a wise decision.
It were me, I would buy everytime I got an oppotunity and when it drops I would not resort to panic selling because even
though it hasn't been a year since I got myself involved in bitcoin, I know the basics. Look, If the price drops/rises, buy/sell a
portion of your bitcoins it will be a cycle of that. Waiting is a part of being a trader but waiting without a proper observation and
analysis is not