It's funny how so many people try to predict the future price of Bitcoin, when the answer is obvious:
Long-term: UP!
Short-term: Roll a dice!
I just buy when I can, HoDL, and don't look at the short-term price action much. It's the easiest and least stressful strategy that almost guarantees profits. Has served me well.
Also, I have bitterly regretted EVERY single time I could have bought, but didn't... Which confirms the above strategy.
Couldn't agree more. Back in 2013 when I first got into Bitcoin, I did it because it seemed like a good investment.
Because it was an investment, I would worry about my buy in price, I always wanted to maximise my profit and of course regretted missing bottoms here and there and wish I allocated more of my investment stash.
For the last few years my attitude has completely changed, assisted by the drop in rates by my home country's CB I now view Bitcoin for what it actually is. Not an investment, but as a savings vehicle, I am saving for my retirement and my children's future and I do that not with a savings account, but with Bitcoin.
For years the central bank and my government has been destroying my savings through corruption and inflation, not any more, all my excess income now goes straight into bitcoin and will stay there forever. And that's how you do bitcoin people. It's not an investment, it's a savings vehicle. Strong hands forever.
Yes, exactly. The sad thing (for me) is that, all the fiat I've "invested" in Bitcoin over the years, I already had available when I first bought Bitcoin in 2015. Had I used it all at that time, I would now have x10 the amount of coins I currently have.
Lesson learned: buy whenever you can, not later!