Due to high volatility of Bitcoin and lots of factor affecting its price movement, it is quite hard to discern the next movement of the Bitcoin market in a short term period. But looking at the price history chart in a zoom out mode, it is visible that Bitcoin has established a 4-year cycle period where the market movement of Bitcoin shows a cyclic pattern of entering bull market and bear market in each 4 years.
None should buy bitcoin if they don't have the financial freedom to keep the investment for long time,
This can be fixed by regularly buying a small amount of Bitcoin. Even people that don't have financial freedom tend to save part of their earnings and buying BTC in a small amount can be an alternative to savings.
and also none should buy bitcoin when the price is already high
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I agree with you, instead of buying Bitcoin during its Bull run especially when it is nearing its peak, it is wise to buy BTC when the BTC market enters the bear market especially when it is nearing its bottom.
Buy the low and sell the highs, this formula never Fail, this is why you shouldn't use only excess cash flow to open your buy position in bitcoin, other factors that effects the market and emotions of investors are bad news and fuds, this causes alot of crisis in the market and if you did not invest the money you can keep away for long some will become panic to sell off which is also a bad attributes and. Form of investment.
Buy low and sell high isn't that easy. One must have enough knowledge to pull the stunt since market timing on when to sell and when to buy is the most important factor in trading. We cannot execute the buy low sell high properly if do not know the market pattern of BTC.
Thank you very much for your contribution, if we buy low and perhaps little by little as suggested and agreed as one of the best pattern of BTC purchasing, If we sell high and hold the funds on stable coins or Fiat to buy back when the market is low, what we be the benefit of selling it if the funds are not going to be used for anything as it was a spare money and whereby there might also be up shoot in the price of BTC to buying it back again?
