Topic: A time people have been waiting for bitcoin to drop (Read 1530 times)

Only people who are new to coins are confused when the coin price drops and they release the coin but for people who have been familiar with coins for a long time and often invest in coins then when the coin price drops they don't panic anymore because they know the coin price is unstable and the coins they hold have the potential to be like eth coins and bnb coins

This is the Whales mind to accumulate when the price continues to drop, but the common man thoughts were against it. This means when the market is bearish people fear of investing thinking if it doesn't grow back it'll be a big loss. For this reason most of the time common man invests when the price of bitcoin starts to move bullish.

The best time to buy bitcoin is when you see its price continues to drop because not only you can save more funds but also you can accumulate more bitcoin that will bring good profits into your wallet when its price starts to surge high. Although you can't make sure if you did bought bitcoin at its cheapest price but if you use DCA, you will always take advantage of every price drop.

there's nothing tough about bitcoin current orice here because it follows it volatility pattern as expected, if some don't loss how will others gain and yet those that seem to experience loss as at now have the beeter chances of still making profit whenever there's a bull run, so bitcoin can't be compared with other coins that fails along the way, i think a lesson should have been taught from the experience on Luna and if one must make an investment on digital asset then it should be on bitcoin.

My own buying price benchmark of bitcoin is $28K having analyzed the price action at that support zone, price often bounce back at that zone though the deep bearish sentiment of the market makes the price to always retrace to that zone again, it's absolutely unpredictable to determine when next massive pump in price is going to happen, however I do sell atimes at high to USDT when the price pump to $29K+ after some observations that the price might likely dump again while waiting for a pullback to the same support zone just like what is presently play out by the price, it dumped to 28K and pumped to $29K thereafter it started retracing back.

many investors benefit by saving their assets in a matter of years they are patient for a very long time not panicking when prices are good or down so it's no wonder to see investors making big profits because their sacrifices are very large so this proves there is no road to instant success and a definite effort will not betray the results.

well, the current market conditions seem to be quite bad. In no time, the price of bitcoin fell to another $28k. although this is a low price, and many people are targeting the current price, but it seems that many people are hesitant to buy because the price is still vulnerable to falling. however, this is a common thing. when the price of bitcoin goes up high and reaches ATH, people want to buy bitcoin at a low price, and when the price is low, people worry about the price falling even further. Personally, right now I feel that this is a pretty good time to increase our investment, but as we can see, market conditions are quite bad, it would be better if we collect information first before increasing the amount of investment.

I am waiting for BTC price to drop and buy again. I cannot buy as of the moment because price may drop more. It is very hard to do the position since the price is still falling.

Reading some speculations from a professional trader before positioning.

many are waiting for the price of bitcoin to drop to buy bitcoin and now that time has arrived the price of bitcoin has fallen very deeply. this opportunity is very good to invest bitcoin.

why wait? I think if you are ready to enter, hurry because we don't know when BTC will PUMP back
but if he continues to drop to 29k$ stay calm and believe btc will return to 60k$
everyone returns to their own decision and I only remind you to use cold money, don't get out of debt if you want to invest in crypto because the profits you can get cannot be promised unless you are a trader

I'm loving the drop. Allows me to accumulate more Bitcoin, that I wouldn't have before. Since I'm in it for the long term, and to avoid trusting banks, I don't need the money I have saved up right now, and probably won't for the near future.

Most things in the UK are covered, like health related issues, so no additional unexpected costs, I'm debt free so that isn't a problem with the increasing interest rates. So, I'm just using this time to stack up more Bitcoin, and not too worried. I don't even check the prices of Bitcoin, and I've gone a fairly long time without. It's only now that I'm interested in what's going to happen with the looming recession I'm a little more up to date with the prices. Otherwise, the only time I see it is when it's posted here.

What I don't get is I know a few people who have been waiting for a moment like this, always talking how they'll invest if it takes a significant drop, and always talking about missing it years ago. Well, this is a pretty good opportunity to follow up on those words. You can see that the confidence around here has taken a hit, but there's plenty of us who are still remaining optimistic,  so optimistic that a lot of us aren't overly concerned at all.

Exactly. What people are saying it they wish they had the hindsight to invest at like 20 quid a pop. However, that's not going to happen, and they probably wouldn't have invested even if it was still that today.

Expectations of the price of bitcoin to hit in a specific time is not good one, it is also okay to do some research about the market and have patience to wait for sometime. Building the mindset as an investor not to expect price of bitcoin to reach a certain amount is one of the best way to hodl in peace without any panic. Bitcoin is the most valuable coin people need to have patience to wait when they buy at low to get some profits.

Late last year when the bitcoin price was above $60k I often heard people say they would buy if the price dropped below $45k, then I saw again people would buy if the price was $30k and if we don't buy now then I'm sure tomorrow or the day after tomorrow the price will skyrocket again and we'll say the same thing as above.

Taking advantage of the Bitcoin price drop is definitely a very good investment opportunity for everyone right now, but it is highly discouraged to rely on instinct for anything in the crypto space even if Bitcoin is a very good coin. And I think you only need to rely on your own research and your in-depth analysis of market conditions, not on instincts which the potential for harm is still very large even though it will only harm you.

No one can know the bottom price of bitcoin including those big whales until the bitcoin price starts to rise so i think they also started buying bitcoin when bitcoin price fell more than 50% from ATH. I don't think they're afraid of a deep drop in bitcoin, they'll keep buying every time the price drops because it's in their favor. Large organizations holding bitcoins are not selling any bitcoins even at the latest ATH, they are long term holders and their goal is to own as many bitcoins as possible instead of like we wait to sell at ATH.

bitcoin is currently falling in price, this is the opportunity that people who want to invest in bitcoin have been waiting for, if this opportunity is missed, regret will arise, but my instincts are that the price of bitcoin at the end of 2022 will rise again

because there are many predictions from ordinary people and impromptu experts about the value of BTC, this makes the value of btc go down, if it goes up 4% he loses 8%, very sick. maybe this is the effect of predictions from many people plus fud which is getting more intense,
but if it's stuck there's no other way to wait for the bear market to come back

maybe most crypto people will wait for the right moment to buy BITCOIN and altcoins because maybe this year is a tough year for all users of BITCOIN and many coins, others

Indeed, we should learn to analyze the chart first so that we will know if it is the best time to buy bitcoin since it is bear market now or we can expect a few more dip so we can buy it are lower price. We can also read Twitter tweets about bitcoin everyday, we can get some updates and news that will possibly affects bitcoin and other token in the market.

It's much better to know how to analyze and read the market movement first before doing any actions so that you won't regret your decision. Before you invest and put money in crypto, it is essential to know at least the basic and fundamentals of technical analysis. That way, you can have a good perspective about the fluctuations and you will know whether to buy or wait a little bit more for some dump.

If you don't have that enough knowledge yet, do yourself a favor and learn about it. You can try to read several articles and perhaps watch tutorials regarding reading the market movement. Knowing the strategy and kind of method they are looking things are will help you. It's always good to buy the dip of those coins that have potential and tp when you are already happy with the profit. Do not be so greedy because you will regret it if things don't go the way you expect it.