Are we even looking at the same charts? From what I see, Bitcoin’s been bouncing between $96K and $99K lately. So I’m really curious where that price you’re mentioning is coming from. In the past week, it hasn’t dipped below $90K, not even once.

Kindly check the price history.
https://www.investing.com/crypto/bitcoin/historical-data

I think you mean $98k?  

Well good luck convincing people to buy near ATH though. It's a very tough hit or miss because many people are going to FOMO without direct knowledge or evidence that BTC could go any higher, and others are going to think it's too high of an entry price and would rather wait.

Both sides have their rights and I would say especially the more cautious folks are right to want to wait. Because there's no direct sign the world economy could be doing any better or worse. With globals markers moving as normal, there's no narrative to drive BTC much higher now. Adoption is lower than the bolm a few years ago, institutional adoption is already high on market access etc. So there's little the Trump administration could to help crypto even more.

So the prospect of Trump being better on crypto doesn't seem THAT good to me to justify prices going up as much as they did. Who knows though.

I don't know whether Trump's agenda is to push Bitcoin specifically. From what I have heard, it is more about building his own centralized crypto empire than it is to have a decentralized currency being the most important reserve in the world. But from what I suspect, Bitcoin will be the most important reserve regardless of what his personal plans are. They can't let the train leave without them and I wouldn't base my own decision whether to buy Bitcoin or not so much on what Trump has to say. It's more about the technology itself and whether Trump could do something against Bitcoin thriving or not. But I doubt he considers doing that because at best he could slow it down by passing unfavorable laws, but if he does, they would themselves in the knee as other countries consider that an opportunity.

Bitcoin has really come a long way because when this whole ideas of Bitcoin and allot of people didn't give it much attention because it was not that popular and people was not given to the idea but over the time Bitcoin has changed the narrative as allot of people has embraced it and it has gained much attention over the years

And it's still going. And won't stop.
That's the beauty of it.
The main thing would be to learn about it not only as an investment but also as the mechanism that it was created for - a peer-to-peer electro-cash system.

Bitcoin is a great asset, I think we can agree on that given that we are on a bitcoin forum, but whether an asset is a good investment depends greatly on the price at which you can buy it, getting bitcoin for nearly 100k is not really the best move when just one year ago you could get it for much cheaper, besides the profile of the trader that is interested in investing in bitcoin right now is not someone that wants to hold long term, which would be the best justification for that move, but someone that wants fast profits, and while I think the bull market can still give us great profits, such a move is way more risky now than what it was just a few months ago.

Everyone has the right to want to invest in any coin, there is no compulsion that they have to invest in Bitcoin, but what is certain is that when people ask me what coin they should invest in, then I will tell them that investing in Bitcoin is the best thing they can do. The reason is simple, it has an economy, its adoption is still wide open, and it has high potential in the future. Although we can't avoid its price volatility, but if someone understands how to invest in Bitcoin and only puts money that they can afford to lose, it should not be a problem for them to invest immediately. Because investing in Bitcoin is very simple - they just need to hold and not sell at a low to prevent losses.

The best coins to invest is bitcoin, but the right time of doing that may not have to be now considering that the market is already up and if one invested, the market may begin to go dip except if the holder is willing to wait patiently and hodl till another market season.

Bitcoin is proven a profitable asset and this is what have caused the bloom on its recent investment and the way it have been making new highs by increasing in value as its adoption also increases.

But the question is, are newbies confident enough to invest in bitcoin in a bear market? For them, not having any experience and seeing the price of bitcoin drop by 50-70% is not a pleasant thing at all. So I doubt that newbies will have the courage and confidence to invest in bitcoin during the bear season.


DCA is probably the best solution for anyone who wants to start investing in bitcoin now instead of waiting for the bear season. Because this will take a lot of time and they will not be confident enough to invest when they see the price of bitcoin drop. If I had to give advice, I would say people can start right now and adopt the DCA strategy.

I think now a lot of people fall back into old patterns because Bitcoin is going through a small correction and now everyone thinks it is the perfect time to wait and catch the dip, but then the next day FOMO could break out again because Bitcoin goes back up by $5,000.

That is why I think people should make a fundamental decision whether they Bitcoin is something or not and if their answer is yes, then make a plan and get into it. Some will be lucky getting the moment right when they wait, and some will get lucky if they don't wait. Bitcoin still has a level of volatility that makes it impossible to catch the perfect highs and lows. As was said before here somewhere: time in the market > timing the market.