Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.
I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.
The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run
What do you think!!!
In my opinion, this is a very reasonable strategy for investing in bitcoin.
This strategy allows you to minimize the stress and psychological discomfort that inevitably arises among traders and investors. And maintaining your health is a global task, which should be more important than the task of making money.
Investing should not be like gambling.... A smart investor has a plan and follows it strictly. Buying bitcoins for a long time at any price should be guaranteed to make a profit.
Yes, this profit will be less than that of an experienced long-term trader who first buys cryptocurrency at a low price and then sells at a high one.
However, your strategy allows you to save mental energy, and this is very important!