I posted something similar to this two weeks ago; maybe it needs reposting a couple of times a month from now on. Or pin it somewhere.

If you got into Bitcoin recently, and recently bailed on this dip, and are now questioning yourself seeing it recovering… the simple advice I would have for you is that this may not be for you.

If you’re trying to scalp little intra-day or intra-week movements to scrape together a few dollars, do not bother. You are up against sophisticated people, and AI, and trading strategies that have been around for a decade. You do not have a chance playing this game, sitting in front of your screen, all optimistic and enthusiastic. Especially if you don’t have a backbone for it. If you can't handle the wild up-and-down swings, don't get on the see-saw in the first place.

If you buy-in and it goes up -- way up -- and you're congratulating yourself on being a timing genius... don't. It could just as easily have gone the other way in the exact same time frame.

Bitcoin is wildly volatile. The only right move for the vast majority of people who believe in it is buy, and buy it now. Is now a good time to buy bitcoin? Yes. The answer will always be yes. Always. As long as you’re willing to hold onto it and not bail at the first sign of uncertainty/distress.

This is not a short term play… but for those who are willing to stick it out, you are buying into a commodity with a limited supply and an unending and growing demand. You do not need a degree in economics to understand the implications. But it will be a wild ride. Stick to it. Or don't participate at all.