Bitcoin is expensive but this technique proves that it’s never too late to buy BTC

Bitcoin Seasoned (BTC) investors know that the crypto market is trading in cycles, and now that BTC’s price has surpassed its all-time high before, a full bull cycle is underway.

Daily data of crypto market data. Source: Coin360

As this new cycle gathers steam, the mainstream media is all familiar with articles about Bitcoin and everyone from world-famous investment gurus to Uber drivers seems to have opinions on the tips, tricks and ‘ the best moon coins one should buy in order to generate instant wealth.

Similar to the last bull market, this one will also be packed with posts by crypto-Twitter celebrities who somehow managed to turn $ 100 into $ 10,000 or more, but not the experience of most cryptocurrency investors who are necessarily subject to this. cryptocurrency whales and the wild price swings seen on exchanges offering crypto derivatives.

For the average investor with a limited time and a full-time job, day trading is not an option. Add to this the fact that data shows that the majority of high frequency traders fail to generate significant profits.

While there are some who have the time to research legitimate crypto projects and conduct basic and technical analysis, this can quickly become a full-time job in itself.

Fortunately, there is a much easier and more effective way to trade Bitcoin during bull and bear cycles and this tactic is called the dollar cost average.