If You’re Worried That Bitcoin Hasn’t Reached Its Bottom and This Is Holding You Back, Read This.
Stop looking down with fear. Instead, look up with hope.
Has the price of Bitcoin already reached its bottom during this Bear Market? Or is the bottom still to come in the coming weeks and months?
I'm sure you've asked yourself this question many times over the past few weeks and months.
And if you are asking yourself this question, the reason is simple: your behavior regarding Bitcoin will depend on the answer you give to this question. You may read here and there that Bitcoin is a savings technology first and foremost, and that DCA is the best long-term strategy, but you are still behaving like an investor with Bitcoin.
That means you are looking to find the Bottom, or as close to it as possible.
Your goal is clear. You want to apply the well-known “Buy Low, Sell High” pattern. And even if you don't plan to sell for a long time, you want to buy low. Your attitude would be more like “Buy the Lowest” as you expect the price of Bitcoin to go lower and lower.
There are several reasons for this:
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