Bitcoin Price has Bottomed Out – When is The Best Time to Invest in Crypto?

[shariarporosh]

Bitcoin Price has Bottomed Out – When is The Best Time to Invest in Crypto?



The crypto markets witnessed panic selling last week after Terra’s LUNA token and the algorithmic stablecoin UST collapsed. The selling exacerbated further after the largest stablecoin tether (USDT) lost its dollar peg briefly. That pulled Bitcoin price to its lowest level since December 2020.

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[fxfarmerashik]

Cryptocurrencies like Bitcoin can experience daily (or even hourly) price volatility. As with any kind of investment, volatility may cause uncertainty, fear of missing out, or fear of participating at all. When prices are fluctuating, how do you know when to buy?


In an ideal world, it’s simple: buy low, sell high. In reality, this is easier said than done, even for experts. Instead of trying to “time the market,” many investors use a strategy called dollar-cost averaging (or “DCA”) to reduce the impact of market volatility by investing a smaller amount into an asset — like crypto, stocks, or gold — on a regular schedule.

DCA might be the right choice when someone believes their investments will appreciate (or increase in value) in the long term and experience price volatility on the way there.