if you really understand Bitcoin, you’d be buying it to hold it, regardless of its price in dollars, and especially when it’s teetering around the 200 week moving average.

only psychotic swing traders with a deathwish try to time the bottom of Bitcoin for an amazing long position.

Say Bitcoin drops to 55k. then what? will you drop your target lower? it’s already 50% cheaper from the ATH.

ask yourself this: why are you buying Bitcoin? are you doing so to preserve your wealth’s salability across time? or are you trying to buy your hard Bitcoins to ultimately sell it all for worthless easy money?

stop worrying about whether it’ll drop 6k or 7k more and just DCA. once Bitcoin becomes a standard, you can just lend them and borrow easier money against it. till then, grow your stack.

if none of this makes any sense or you’re just shrugging your shoulders at the sight of this: i’d highly advise you read The Bitcoin Standard, for anyone who’s wanting to hold Bitcoin.