Bitcoin Is Rising Again — Is It Too Late to Get In?
I heard Bitcoin recently surged back to around 70 million KRW. I regret not buying when it was halved last year. I'm thinking about starting with a small amount now — what do the experts think? From a long-term investment perspective, do you think it's not too late, or is the risk too high?
8 answers
I don't think it's too late even now. Bitcoin has a 4-year halving cycle, and since the halving effect hasn't fully kicked in yet, there's a strong possibility of further long-term growth. However, I recommend dollar-cost averaging.
I also regret not buying at last year's bottom, and now I'm too scared to jump in as prices rise. Trying a little with small amounts is fine, but I think it's best not to have too high expectations.
I'm not an expert, but personally, I find it hard to see this as the peak yet. At 70 million won, it's still relatively low compared to past highs, and with positive factors like ETF approvals, the long-term outlook is optimistic. Just be prepared for short-term volatility.
Only invest what you can afford to lose. Bitcoin is so volatile that just because it goes up today doesn't guarantee it will go up tomorrow. I started with a small amount too, dealing with similar concerns, so giving it a try isn't a bad idea.
If you regret not buying when it was halved, you might regret it even more now. It's important not to get swept up by FOMO and to establish your own strategy. I'm staying on the sidelines for now.
From a long-term investment perspective, I think Bitcoin is still in its early stages. Looking 10 years ahead, the current price could be a low point. However, short-term corrections are possible, so I recommend a dollar-cost averaging strategy.
I also recently got in with a small amount. I think 70 million won isn't too burdensome a price. But don't put in too much money—only invest with spare funds. You need to be mentally comfortable to hold on for the long term.
Bitcoin has already risen significantly, but I believe there's still room for further growth since institutional investor inflows haven't fully kicked in yet. However, it's most important to study and make your own decisions. Just following others' words blindly can be risky.