A time people have been waiting for bitcoin to drop - page 2.

KaliLinux

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Quote from: Cryptomiles1 on May 09, 2022, 06:59:58 AM

Hello 👋
Okay, presently I want to ask why the sudden panicking around the media and forum here.
I could ones remembered when bitcoin was +$69k and everyone seems to be panicking for the price to get 32k or below. Today we have another chance to buy very low yet people still waiting for the price to drop even more lower.
I want to know when is the best time to buy or waiting more dip to buy and what if the price turns back to bull?
What do we do?

What does this tells you, today we have more talkers than doers that's why even when people complain about the price of Bitcoin being too high and how they wish the market will drop so that they can buy, and when the price drops we still have people complaining that the price is dropping instead of buying. So at the end of the day, it rests on the investor, if you can take advantage of the price drop believing that there will be a recovery after that, and even if it dips more and there are extra funds, you buy some more.

Dumbsize

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I predict bitcoin will decline even more to $260k or $28k, at which point we will be able to determine whether now is the correct time to buy. And, yes, the majority of people have been waiting for this to happen again, and I personally know a few folks who are just waiting for this downturn. Though I believe they have some reservations because most of them are predicting a probable 2018 scenario, similar to what most people here are predicting, I believe it is still too early to determine if it will happen or not. We should continually keep an eye on the market to see if the support is broken and the slump continues, as it did in 2018.

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Quote from: TribalBob on May 20, 2022, 06:12:07 PM

Quote from: ribackt255 on May 09, 2022, 10:29:26 AM

I must say that the unpredictable nature of crypto makes it impossible for one to know the exact time to buy, but my kandid advise is if you are buying any coin now especially Bitcoin you should do that with long term plan in your mind.

i agree with what you say crypto is unpredictable , actually anytime we can go in to buy bitcoin itself if for long term investment
and if the price drops below again when we buy we don't need to panic because there will be time for them to return to the new ath

^ This was my mindset before, anytime is the perfect time to buy BTC and held it in a long term.
But now I have realized that when there is a bear market it really takes a long time to recover because there will be more people get panic selling and it will continue to spread when there is no good news will come. For now, I always waiting for the perfect time, during this bear time I think the time to invest BTC and hold it for a long term. Because of what they said, the amount you purchased will remain and there is no loss if you will not act of selling.

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Quote from: TribalBob on May 20, 2022, 06:12:07 PM

Quote from: ribackt255 on May 09, 2022, 10:29:26 AM

I must say that the unpredictable nature of crypto makes it impossible for one to know the exact time to buy, but my kandid advise is if you are buying any coin now especially Bitcoin you should do that with long term plan in your mind.

i agree with what you say crypto is unpredictable , actually anytime we can go in to buy bitcoin itself if for long term investment
and if the price drops below again when we buy we don't need to panic because there will be time for them to return to the new ath

Haven't gotten to understand that, there is a no telling when the exact buying opportunity is at its best, crypto investors have to device another means to countering there buy with regards to making profit on then and this is very simple. You just have to be ready to hodl for a longer time. There have been so many people that have predicted or digged a well kind of prediction for crypto drop, even in a bearish market but more than often, it never happens and even when it does, a lot of crypto enthusiast will still fail to buy because, they must have gotten a new dip to look forward to.

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Quote from: ribackt255 on May 09, 2022, 10:29:26 AM

I must say that the unpredictable nature of crypto makes it impossible for one to know the exact time to buy, but my kandid advise is if you are buying any coin now especially Bitcoin you should do that with long term plan in your mind.

i agree with what you say crypto is unpredictable , actually anytime we can go in to buy bitcoin itself if for long term investment
and if the price drops below again when we buy we don't need to panic because there will be time for them to return to the new ath

franky1

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Quote from: amihada on May 20, 2022, 09:19:41 AM

The price of bitcoin is full of mysteries, it can't be predicted correctly I remember in 2018 the price of bitcoin had dropped drastically

FORGET using the HIGHS as a point of reference

average price of bitcoin january 2017 november 2017 (ignoring the ATH month)
=2900~
average price of bitcoin (ignoring the ATH month)feb 2018 december 2018
=7000~

bitcoins value was better in 2018 than it was in 2017 (bar the ATH period)

forget using the temporary event of the silly speculative pump as any bases to then base any value measure from

its like knowing vacation holidays are the most expensive in summer. month of july-august. but this is not the VALUE vacation you should be looking for
you will find the real VALUE outside of the premium area

use the year LOW as a good bases of value not the high

EG
2017 min= 780
2018 min= 3240
2019 min= 3400

TheNineClub

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Quote from: Cryptomiles1 on May 09, 2022, 06:59:58 AM

Hello 👋
Okay, presently I want to ask why the sudden panicking around the media and forum here.
I could ones remembered when bitcoin was +$69k and everyone seems to be panicking for the price to get 32k or below. Today we have another chance to buy very low yet people still waiting for the price to drop even more lower.
I want to know when is the best time to buy or waiting more dip to buy and what if the price turns back to bull?
What do we do?

No one can answer those questions but yourself because this forum does not function as investment advice. Only you know what your goals, options, and possibilities are, and predicting accurately price fluctuations is completely impossible. SUre, we can throw around some educated guesses, but that's all they are, guesses that may or may not be correct.

amihada

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The price of bitcoin is full of mysteries, it can't be predicted correctly I remember in 2018 the price of bitcoin had dropped drastically and at that time no investor could predict the price of bitcoin would be as expensive as yesterday's highest price, in conclusion, don't wait for the cheapest price but there must be target when to buy and when to sell is a good thing.

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This time the wait is among the newcomers whereas the users who have experienced missing the opportunity waiting for a drop have bought and kept hold believing in the long term profiting. On the other side the Luna Terra affecting the entire market have made people get into fear of investing. However cryptomarket isn't gonna decline than growth. So, it is all about the experience that brings them into the market or wait for a drop. Some have started to focus on altcoins for a better profit which has got risk compared to the investment over bitcoin.

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Quote from: noormcs5 on May 19, 2022, 10:36:15 PM

Quote from: Lubcub62 on May 19, 2022, 08:33:52 AM

looks like what you say is true. however in today's bitcoin correction, the bounce is clearer moving fast. which indicates that people are starting to not panic when bitcoin is corrected and they are starting to buy in installments when the correction occurs again. but how long this bear market will last, no one knows. and must remain vigilant.

Those who wanted to buy bitcoin cheap, this is certainly the best time but unfortunetality there is so much fear in the market and people are waiting for more low prices. Anyone who wants to build his crypto portfolio, this is the right time to buy. If they wait more for more low prices, they coud miss this oppunrituy if the prices does not go further downards direction.
Anyways who could have though that we may visit 2 years low prices again. These prices won't remain for long as there is a lot of demand for crypto, so act now.

The emotions of crypto traders are mostly inversely related. that is like when bitcoin was at its peak they seemed to know no fear and many were waiting in line to buy optimistically. but when bitcoin price goes down then people tend to be more wary and afraid to queue and they are afraid the price will drop further. but that's understandable because that's the way it is. and the whales took this opportunity to pay in installments to buy from below and when the price started to rise high, then the people who were afraid to buy changed their direction to panic and bought when the price started to get high. today buying bit by bit is the best strategy. so as not to be left behind when prices soar. and so that you can still buy even if the price drops again.

noormcs5

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Quote from: Lubcub62 on May 19, 2022, 08:33:52 AM

Quote from: Mr.sprin on May 19, 2022, 12:25:14 AM

currently bitcoin is down again and this is the opportunity we have been waiting for but will the big whales buy bitcoin when the bitcoin price drops of course the answer is no they will not buy bitcoins in large quantities because they are also afraid that bitcoin will go down again so when bitcoin really really down at its lowest point?

looks like what you say is true. however in today's bitcoin correction, the bounce is clearer moving fast. which indicates that people are starting to not panic when bitcoin is corrected and they are starting to buy in installments when the correction occurs again. but how long this bear market will last, no one knows. and must remain vigilant.

Those who wanted to buy bitcoin cheap, this is certainly the best time but unfortunetality there is so much fear in the market and people are waiting for more low prices. Anyone who wants to build his crypto portfolio, this is the right time to buy. If they wait more for more low prices, they coud miss this oppunrituy if the prices does not go further downards direction.
Anyways who could have though that we may visit 2 years low prices again. These prices won't remain for long as there is a lot of demand for crypto, so act now.

Fesatmas

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Most people want bitcoin to go down so they can buy at a low price, but it's not that simple. Sometimes the same people get scared when the price of bitcoin drops as much as they expected. Then then what happened, they didn't even take a position at the same time. This is a problem for us, especially for me, who sometimes doubts the analysis we have done ourselves.

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Quote from: Murtaza345 on May 19, 2022, 04:18:43 PM

Yes of course me to have been waiting for this moment.and unexpectely bitcoin has given a golden opportunity to all who wants to involve in this field.and many people still are waiting for the bitcoin will be more dumped and those people will be very repent very soon,and those who have invested at this time who will be very happy because they will get very good profit very soon.

Yeah, its the right time but people doesnt really still make that buying action but instead they do keep on whining on why the price is down without taking actions on accumulating it while its still cheap.

Why? They do wait up for more bottom and thats always be the main reason on why they do really missed out on buying opportunities which is something a very common reaction or mindset

for a market which is really very hard to be predicted as always.Missing opportunities is common but you do really need to take risk or action if you do really want to make profit.

Murtaza345

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Yes of course me to have been waiting for this moment.and unexpectely bitcoin has given a golden opportunity to all who wants to involve in this field.and many people still are waiting for the bitcoin will be more dumped and those people will be very repent very soon,and those who have invested at this time who will be very happy because they will get very good profit very soon.

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Quote from: Cryptomiles1 on May 09, 2022, 06:59:58 AM

Hello 👋
Okay, presently I want to ask why the sudden panicking around the media and forum here.
I could ones remembered when bitcoin was +$69k and everyone seems to be panicking for the price to get 32k or below. Today we have another chance to buy very low yet people still waiting for the price to drop even more lower.
I want to know when is the best time to buy or waiting more dip to buy and what if the price turns back to bull?
What do we do?

I also suggest buying for the price of BTC and some altcoins is discounted today due to continuous dropped of the prices, but we cant really influence the dicision of selling from newbies they easily panicked and sell thier asset, all i can say is that buy and hold for the future to earn.

bitzizzix

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Quote from: Digital_Lord on May 19, 2022, 11:23:02 AM

As we are all know that Bitcoin is 50% down from ATH (which is 69k). So if you interested to buy in this dip then you can buy in different parts.like buy on 30k then 25k and then 20k and reserve your some funds for worst case. This strategy is best because any one didn't know exact bottom of the market.

A good buy price as mentioned below 30k is a very ideal price to buy but I also hope the bitcoin price doesn't go down to 25k because it will be more difficult to predict and of course many people panic, and sell for fear the price will continue to fall.
and if that happens then the trust in bitcoin will decrease which in fact everything will be fine and the price will go up again if you know the trail and understand it well.

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Quote from: Mr.sprin on May 19, 2022, 12:25:14 AM

currently bitcoin is down again and this is the opportunity we have been waiting for but will the big whales buy bitcoin when the bitcoin price drops of course the answer is no they will not buy bitcoins in large quantities because they are also afraid that bitcoin will go down again so when bitcoin really really down at its lowest point?

The bottom price of Bitcoin is yet to be known but that doesn't mean the whales won't invest in BTC at the current price because the institutional investor is the major player in this current market, not the whales.
Nevertheless, I wonder why you said the whales will be afraid to buy Bitcoin now when the price is not at the ATH. Besides, we talking about BTC where not shitcoin and any amount invested in it when it is not at ATH price is a good investment.

Digital_Lord

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As we are all know that Bitcoin is 50% down from ATH (which is 69k). So if you interested to buy in this dip then you can buy in different parts.like buy on 30k then 25k and then 20k and reserve your some funds for worst case. This strategy is best because any one didn't know exact bottom of the market.

19Nov16

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Quote from: Lubcub62 on May 19, 2022, 08:33:52 AM

Quote from: Mr.sprin on May 19, 2022, 12:25:14 AM

currently bitcoin is down again and this is the opportunity we have been waiting for but will the big whales buy bitcoin when the bitcoin price drops of course the answer is no they will not buy bitcoins in large quantities because they are also afraid that bitcoin will go down again so when bitcoin really really down at its lowest point?

looks like what you say is true. however in today's bitcoin correction, the bounce is clearer moving fast. which indicates that people are starting to not panic when bitcoin is corrected and they are starting to buy in installments when the correction occurs again. but how long this bear market will last, no one knows. and must remain vigilant.

Alert is certainly very important, but we must be optimistic that the market is immediately rising again, if we already know Bitcoin for at least 3 years then we will understand the situation today, the best thing is not to look at prices, as long as there is money then buying better and profitable.

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Quote from: Lubcub62 on May 19, 2022, 08:33:52 AM

Quote from: Mr.sprin on May 19, 2022, 12:25:14 AM

currently bitcoin is down again and this is the opportunity we have been waiting for but will the big whales buy bitcoin when the bitcoin price drops of course the answer is no they will not buy bitcoins in large quantities because they are also afraid that bitcoin will go down again so when bitcoin really really down at its lowest point?

looks like what you say is true. however in today's bitcoin correction, the bounce is clearer moving fast. which indicates that people are starting to not panic when bitcoin is corrected and they are starting to buy in installments when the correction occurs again. but how long this bear market will last, no one knows. and must remain vigilant.

That is obviously what we see, in fact, we never hear any news that announces huge selling, it was indeed people had learned how to control their emotions and keep calm. This will tell us that adoption has been going stronger and the trust towards crypto is quite growing fast. That is the reason why we never see huge drops in Bitcoin, we keep on the strong position at $28k and this will give us some insights that we never experience long bear season again, unlike last 2018-2020.

Topic: A time people have been waiting for bitcoin to drop - page 2. (Read 1530 times)