A time people have been waiting for bitcoin to drop - page 5.

Hamphser

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Quote from: cheezcarls on May 12, 2022, 11:53:39 AM

Despite that the price is below $30k (it even dropped to $25k), I don't think it's a good time to buy yet because the crashing period hasn't calmed down yet. Let's just wait for it to stabilize before we can hit the buy button. I honestly think the $25k to $26k has a huge wall of buy orders in which BTC has rebounded a bit back to almost $30k as of this time of writing. However, there are no promises or guarantees here. There's no perfect timing for us to say that it's a good time to buy. It's going to be in your own instincts because it is you who will make the final decision and take responsibility of the risks.

How do you say so? How did you able to find out? This is something the very most common question to have is that "is this the bottom?"

People had been waiting for the price to dropped and now the price had plummeted which is considerable but still they do freak out and saying that this market is over.
For those who are experienced ones then it will really be just common or just like with ordinary days in the market.

tygeade

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Quote from: bitgov on May 12, 2022, 05:46:48 AM

Quote from: Bitstar_coin on May 12, 2022, 04:39:36 AM

That's the irony of it, when btc price is up investors will be looking for correction to get in, but as soon as the opportunity present itself, fear will stop many investors from buying btc at a discount. Right now is the time to apply the popular saying "be fearful when others are daring and be daring when others are fearful". Some people are profiting from this current market state, it is all about being bold and putting in what you can afford.

This is a very unpredictable market. 2 weeks ago Elon Musk purchased the Twitter, it resulted the rise of Dogecoin.
SO people who those DogeCoin is not worth purchasing are not happy. There is nothing one can do about rise and fall. Only luck matters.

This wasn't related to luck though, this was related to people trusting one company to do whatever is right for them and being wrong about the company. These guys at Luna collected hundreds of millions of dollars and had so much more in other coins as well that are not stable.

Whales realized that they could abuse this, and when someone with enough money came out, they tried to do it and succeeded and there is a 99% drop in Luna right now. Luna team didn't really lost much money of their own, this was from the project and went to the project, probably made ton of profit along the way, the only people who lost money are the ones who invested into Luna and its ecosystem.

fullhdpixel

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Quote from: Oasisman on May 11, 2022, 04:48:07 AM

This has been discussed many times and yet some people still don't apply the cost averaging method because nobody knows the bottom price of Btc. If you keep on watching the price to go lower than let's say $30k or $25k and eventually it did not happen, then you can't imagine how much opportunity you have missed. When you gradually buy everytime Bitcoin dip is the most safest thing to do not to miss the lower price coz finding a good entry point is always difficult.

That is mainly because people are losing money and do not have any more money left to invest into. I am one of those people, I did DCA many times, and I have bought so low that even right now the price is above what I bought for but I love to buy it when it goes down, I bought from anywhere between 5k to 65k and I am fine, but I would love to buy more right now.

What we are talking about right now is the fact that I have no money left, so how could I continue to do DCA right now if I have none left? Not like I went all in, I have been buying for 3-4 years now and I have bought from many different prices but with it going down so much, I just have none left.

cheezcarls

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Despite that the price is below $30k (it even dropped to $25k), I don't think it's a good time to buy yet because the crashing period hasn't calmed down yet. Let's just wait for it to stabilize before we can hit the buy button. I honestly think the $25k to $26k has a huge wall of buy orders in which BTC has rebounded a bit back to almost $30k as of this time of writing. However, there are no promises or guarantees here. There's no perfect timing for us to say that it's a good time to buy. It's going to be in your own instincts because it is you who will make the final decision and take responsibility of the risks.

Ale88

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Quote from: Cryptomiles1 on May 09, 2022, 07:59:58 AM

Today we have another chance to buy very low yet people still waiting for the price to drop even more lower.

That is simply history repeating itself. Every time bitcoin goes lower many people wait to buy because they think it'll go even lower, then bitcoin surprises everyone and many people don't get the chance to buy.

Quote from: Cryptomiles1 on May 09, 2022, 07:59:58 AM

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 knows the best time to buy. Are you happy with this price? You buy. You think it's too high? You wait. Otherwise just place different orders at different prices, the more it goes down the more you buy.

Leviathan.007

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That's a moment for the people were saying we couldn't buy bitcoin at a good price, however, any price can be a good price for bitcoin if you are having a long-term investment plan. But, still, currently, there is blood in the market, and cannot say how long this bearish price movement is going to continue so there is not any valid price floor for it, in the other hand some people are panic-selling and this action from these people who are mostly new investors spread the fear into the market, as a result, we see this spike price movement to lower levels. while some people are just watching the market and buying bitcoin with some discounts.

bitgov

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Quote from: Bitstar_coin on May 12, 2022, 04:39:36 AM

Quote from: ice18 on May 11, 2022, 07:34:21 PM

I don't think more investors will buy at this point most retail buyers are in panic mode right now look at the fear and greed index yesterday recorded an extreme fear. We still don't know when this crash will stop and the right time to buy, for now must better to observe the market.

That's the irony of it, when btc price is up investors will be looking for correction to get in, but as soon as the opportunity present itself, fear will stop many investors from buying btc at a discount. Right now is the time to apply the popular saying "be fearful when others are daring and be daring when others are fearful". Some people are profiting from this current market state, it is all about being bold and putting in what you can afford.

This is a very unpredictable market. 2 weeks ago Elon Musk purchased the Twitter, it resulted the rise of Dogecoin.
SO people who those DogeCoin is not worth purchasing are not happy. There is nothing one can do about rise and fall. Only luck matters.

Bitstar_coin

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Quote from: ice18 on May 11, 2022, 07:34:21 PM

I don't think more investors will buy at this point most retail buyers are in panic mode right now look at the fear and greed index yesterday recorded an extreme fear. We still don't know when this crash will stop and the right time to buy, for now must better to observe the market.

That's the irony of it, when btc price is up investors will be looking for correction to get in, but as soon as the opportunity present itself, fear will stop many investors from buying btc at a discount. Right now is the time to apply the popular saying "be fearful when others are daring and be daring when others are fearful". Some people are profiting from this current market state, it is all about being bold and putting in what you can afford.

lixer

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Quote from: tabas on May 11, 2022, 04:32:31 AM

It seems that the dip has another dip and will have another dip. Grin

Well, it's hard to suggest if you should buy right now because who knows after you buy, the price gets lower and you'll have someone to blame for if that happens.
Keep on observing and maybe after a week, the storm will calm.

That's so much dip you got there mate lol but no one knows if this dip will continue, just don't expect too much because the more it won't happen but anyway, this current level that we have now is already good for buying. It will be more regretful if you miss this wonderful opportunity than when the price dips a little right after you buy.

We must remember that everyone can give their prediction towards the price but it doesn't mean that they are 100 percent accurate and you must agree that you won't blame anyone once you follow it or much better if you can do your own analysis and follow your own made up predictions only. It gives much contentment.

SpenserReed

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Quote from: Cryptomiles1 on May 09, 2022, 07:59:58 AM

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?

Of course, this is the best thing - because no one knows how deep he can fall Cool

Chato1977

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Quote from: Cryptomiles1 on May 09, 2022, 07:59:58 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?

First Bitcoin did not even reached 69k so that is exaggerating , it is Only 68k to be precise .

And when is the right time to buy? it is when you have the funds on hand and willing to keep holding , because if you tend to buy and sell for short time then never consider bitcoin for this level.

nullama

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The key in Bitcoin is to invest time.

The current hodl line is still at 3 years, 4 months, and 4 days:

Independent of when you bought Bitcoin, if you waited at least that amount of time, you're better off. This is true for the whole history of Bitcoin.

ilovealtcoins

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Quote from: Cryptomiles1 on May 09, 2022, 07:59:58 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?

It is impossible to know exactly when the best time to buy is. the best time to buy is when the price is already down and down a lot from ATH and it's up to you to decide.

Using your analytical techniques and experience, you will be the one to decide when to buy and when to sell. When the market drops, it will be an opportunity for those who know how to seize the opportunity and will be the end for those who panic.

OgNasty

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People chase trends. When Bitcoin was at $60K, of course everyone was saying how they wished they could have $30K back so they could buy. That's because most of these people have no clue about valuations and no interested in a decentralized economy. They just want to make money. There was a time when idealists stacked BTC to try and change the world, but those days are long in the rearview. Listening to Michael Saylor for a few minutes makes that clear. The big boys have spotted an opportunity to make money and that's what they're trying to do. They don't give a damn if it's Bitcoin or Luna that makes them money, they just want the dollars. Expect chaos to ensue.

Finestream

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Quote from: maydna on May 09, 2022, 10:14:25 AM

Panic? I'm not panicking to see bitcoin's price still dropping because this is a good moment to buy at this price and other lows. But I don't know if other people will do the same as me buying at a low price or if they are still waiting and hoping the price can hit their target price.

I think we have the best time to buy or sell differently because the analysis we use is also different. But I guess you already know that if the price drops sharply then it could be the best time to buy but you have to analyze further to find out. If the price returns to the bull market and you bought it some time ago, then you can sell it for a profit.

However, not all coins that experience price drops sharply will always be good to buy. Some will always stay undervalued, but the great coins will always have its own time to increase their value. Most especially with bitcoin. Its current value is definitely very cheap right now, so there's no reason not to accumulate more bitcoin this time. If you want to be more profitable in the future, then always trust bitcoin and those established altcoins as they will always have great value in the future.

Captain Corporate

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I bet you 100 million dollars (never had even 100k in my account lol) that we are going to end up seeing plenty of people regretting not buying from here. I am not saying nobody does, check the order books and you will see that there are plenty of people buying, we just have more that sell. I do not care about people who buy or sell, those are trading and doing something and for better or worse, they are at least doing "something". But there are some who just avoid doing anything right now, when its at the very bottom (could go down more but how much more?) and they will regret it in the future for sure.

Kasabus

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Quote from: Cryptomiles1 on May 09, 2022, 07:59:58 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?

The market has been experiencing a bearish look since the start of the year, so that makes it always a big opportunity to buy more coins. However, not everyone in the crypto market realized that, as others would want to witness more fallback for prices. And now its finally here. Lucky are those who have prepared for a huge funds, but for those who are tight in budget, just do the safest one dollar-cost averaging. That way, you will never be in loss.

Mahanton

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Quote from: Oceat on May 11, 2022, 06:55:10 PM

Quote from: CaVO32 on May 10, 2022, 07:50:15 PM

Quote from: Oceat on May 10, 2022, 07:28:36 PM

Quote from: topman21 on May 10, 2022, 07:14:42 PM

Those who have been waiting all the time to buy Bitcoin will know when the market will fall.In fact, there is ample opportunity to buy them right now. They can buy bitcoins in this market if they want. There are many people in this market who will not buy bitcoin and will wait for the market to decline.There is no understanding in this cryptocurrency market that if the market is dumping again then it will go down further and if it goes up then it will go up a lot more.So those who will buy and invest in Bitcoin, buy and invest in this market.

It takes a long time before Bitcoin set to dip this low again but whatever just buy the dip if you have a long term plan to hodl for your investment. I still wonder if previous investors or large institutional investors would buy Bitcoin this time since it does drop now cause I think they might be waiting for that opportunity or nah they just don't want to get involve in crypto investment. It would be a big help for the market if they invest but they never did. Well, whatever it's their loss perhaps they just don't trust Bitcoin.

We won't know it while the market is still down, but these institutional investors may disclose that they bought this dip few months from now. Some are silently for sure accumulating bitcoin stash as this is a very good level to get your satoshis. Because sooner or later, as we see btc going up again, we will hear a lot of regrets that they haven't bought when it was 30k.

They have been like that for years always complaining because they never buy when they have the chance. For now, I don't think they would still buy at this current price and I think those were the kind of people who believe that Bitcoin could make you rich in a single day without doing any effort. If we're in this trend I just wonder what would be the bottom if ever it goes down too much. Would it be possible it would reach $3k again? How I wish. Tongue

They would really be missing out again because on the time that it would really be dumping then thats the time they would really be crying and whining despite on seeing it as an opportunity for you to buy cheap.
On the time the price do recovers then thats the time they would really be buying but its already too late i would say and its always been the case and on the time it do happens
then this is where regret words do came from.They should have bought when the price is still into the floor and not when its already raising up.

Rigon

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When the bitcoin market reached its peak, people always came to drop bitcoin.If the Bitcoin market drops, they will invest in Bitcoin. Today we see that the bitcoin market has come down a lot for quite some time. Many people think that Bitcoin will be dumped more.However, those who were waiting for the Bitcoin market to drop can invest in this moment. Maybe you have enough time now to buy bitcoins.

ice18

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I don't think more investors will buy at this point most retail buyers are in panic mode right now look at the fear and greed index yesterday recorded an extreme fear. We still don't know when this crash will stop and the right time to buy, for now must better to observe the market.

Topic: A time people have been waiting for bitcoin to drop - page 5. (Read 1474 times)