IF there is a reason it will go back up.. but the all-time worst time to buy is after a major run (i.e. High prices) but that is when most people buy π
Most people bought Bitcoin at $20,000 USD in December of 2017 and sold after the dump at like $4,000 USD.
IF there is a reason it will go back up.. but the all-time worst time to buy is after a major run (i.e. High prices) but that is when most people buy π
Most people bought Bitcoin at $20,000 USD in December of 2017 and sold after the dump at like $4,000 USD.
yaiks they could have waited ππ€£
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Another way to phrase it is..
What will happen if you consistently buy at higher prices and then consistently sell at lower prices?
poor strategy π€π€
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What about buying at lower prices and selling at higher prices?
profit π€π€π€
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That's why people think about buying when the price goes lower.
They are trying to BUY LOW & SELL HIGH.
It doesn't always work though and a select few are MUCH better than the large majority ππ
Well investments are for long-term generally. I'd HODL given the chance. Just leave it to keep growing πππΌ
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Well, investments are more about timing than anything else
If you buy at the absolute top of the market, and that market doesn't go back up, then holding long-term won't help you.
In general, good cryptos are probably going to reach new all-time highs by December of 2021
Ah wait, there is another strategy that is actually easier than timing the market . .
#DollarCostAveraging, just buying the same amount every month in terms of USD or Php.
This can prevent people from going all-in at the wrong price :)