Should You Buy Btc Or Not

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Should You Buy Btc Or Not

Should You Buy Bitcoin (Btc) Or Not?

Everyone thought that $100K will prove to be a very strong support for Bitcoin (BTC). However, that was also breached amid an influx of sellers in the market.

Now, Bitcoin (BTC) is back to trading under the $100K and has already lost most of its gains this year. Meanwhile, many banks and analysts were hoping that Bitcoin (BTC) would likely double its value in 2025.

Bitcoin (Btc) Drags The Entire Market Down

Since Bitcoin (BTC) is in a bearish trend, the entire cryptocurrency market is now running on a bearish sentiment. At times like this, it's natural to wonder if you should really buy Bitcoin (BTC) or not.

If we look at history, buying the dip is one of the most popular strategies for Bitcoin (BTC) investors. The past performance also shows that those investors who buy at the dip and hold for the long term are the ones who make the most money.

In the last 10 years, Bitcoin delivered positive returns in 8 years, which is quite a feat in itself. Also, the fact that Bitcoin (BTC) started from mere pennies and is now worth thousands of dollars tells us it's still in a long-term uptrend.

So, if you can buy the bitcoin and then hold it for the next 3-4 years, then it is totally worth it to buy it! All the things which pushed Bitcoin (BTC) to such high levels are still here.

But if you are pessimistic, then it's also worth noting that Bitcoin (BTC) might be in a downtrend for quite some time. It could be several weeks or months before Bitcoin (BTC) spirals out of it.

However, the bottom line is that Bitcoin (BTC) goes through cycles of strength and weakness. Also, Bitcoin (BTC) isn't going anywhere now that it has the institutional backing and all these ETFs.

So, if you have no trouble buying and holding the Bitcoin (BTC) for a few years, then totally go for it! In fact, buying the dip will give you a better price, and you stand to gain the most once the bull run is back.

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