In the world of crypto, it occasionally occurs that you acquire bitcoin at a high price and afterward wish you hadn't.
Such an occurrence has happened to me before. investing in an altcoin, not bitcoin. I hurriedly invested since I believed the altcoin I had in mind will skyrocket in value soon and I didn't want to miss it before it happened. I invested in it, and in the coming weeks, its price significantly dropped. I felt horrible about it, but I have to be decent and act normal because the bull run is coming.
Bitcoin investment works in this way; you can never predict when it will be cheap enough to invest in. The best and only thing you can do is invest money you can afford to lose and wait patiently for your investment to pay off.
Yeah, just like when we don't have the opportunity to accumulate when the price is less than $1k. I was here already when I see the price in the $700-$900 six years ago prior to the all time high of $19k++ in 2017. And then we have another opportunity in 2020, when it goes down hard because of the pandemic news and all of it's Covid-19 scare, at $3k++.
So that will be the norm, or will have the same kind of fate last year, it was sub $20k, and hopefully there are investors who jump on that opportunity to accumulate because that price might not be available to us again. And with that, we should prepare, at least the price of today at $28k could still be in the middle grounds as a good price to enter. Again this kind of opportunity will not present itself and we can only look back at those opportunities that we didn't take advantage of because we think that the price is
too expensive to us.