I just need advice. I'm buying btc every week for about 50 pounds. Today it's really high, what do you think? Should I buy it now or wait 2-3 days? Do you think it will drop down again soon?
Bitcoin price - 8000 Pounds
7 years ago by gerion (34)
$0.33
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14 votes
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What you are doing right now is called dollar cost averaging, which has proven to be quite effective, though it will not beat jumping in with a lump sum at the beginning.
Since you don't have the lump sum to throw into BTC, my suggestion would be to stick to your schedule; the mental stress you accumulate by worrying about what the future price might be is not worth the result.
There's no guarantee that the price will go down in 2-3 days. In the first approximation, it is just likely for BTC to be higher in 2-3 days as it is likely to be lower.
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