Do you think it’s the right time to buy more BTC?
Do you think it’s the right time to buy more BTC?
I’m not buying the “wait for the October bottom” thing anymore. Four-year-cycle folks circle October as the low, and people on reddit keep arguing about whether there’s another leg down, but I’ve already been buying as if it keeps going.
It was chopping around 80k for a bit. ETF flows bounce around, hot CPI pushes Fed hike odds up and you get a short dump, but the spot floor near 80k is still holding. I care more about the longer stuff: post-halving rhythm, spot channels still open, buyers showing up on dips. Waiting for a perfect low is too mystical for a beginner like me.
I’ve been DCAing a bit of spot BTC on moomoo. I also bought some BTC upside event contracts on moomoo’s prediction markets, same direction, small size. Not because I was hedging doubt. I think it still goes higher and I wanted both ways of saying that.
Are you still waiting on an October bottom, or are you already buying for upside?
DCA solves the timing problem only when it follows a fixed schedule and a risk limit; adding prediction contracts in the same direction increases exposure instead of diversifying it. I’d separate the long-term Bitcoin plan from short-term upside bets, then judge each by its own time horizon and loss limit.
It’s highly volatile, but having 1-5% of your net worth into btc is reasonable.