A time people have been waiting for bitcoin to drop - page 6.

Oceat

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Quote from: CaVO32 on May 10, 2022, 06:50:15 PM

Quote from: Oceat on May 10, 2022, 06:28:36 PM

Quote from: topman21 on May 10, 2022, 06:14:42 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

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Quote from: coolcoinz on May 10, 2022, 04:24:46 AM

For every seller there's a buyer. Saying that people are afraid to buy now is pretty naive. It's just that in the recent days we had volume that exceeds the number of buy orders.

Think of it like this: there are companies that buy on regular basis. There are investors who dollar cost average and buy weekly or monthly, but all of them have certain limits. Say they all combined take out 1k BTC from an exchange per week. There are also people waiting for an opportunity like traders and they can technically put orders to catch the bottom for another 1k BTC. Then, suddenly 3k btc come in from some Wall Street fund that got liquidated on Amazon or Netflix and has to cover the balance with other things and they happen to have bitcoin so they dump it. The buyers cannot handle it now, even though they'd be able to do it given a few more weeks. That's why price falls, but it doesn't mean that it's at the panic level. It just gets thrown out of balance and needs time to get it back.

I agree that the sudden drop does matter a lot but it could be from the big names as well. Like hedge funds who used bitcoin as a reserve currency because they believed it would go up, saw that FED was giving good rates and took their money out, it is not an impossible thing and may have happened in the recent weeks.

This is why I believe that the going up will happen but it will not be as easy. We just need to wait for it, and there are tons of people who will keep on buying more and more and they will not stop no matter what the price is, I hope that those people end up becoming the majority again but we need a hype to add more people on that list.

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Quote from: coupable on May 11, 2022, 04:15:03 PM

Btc price (altcoins too) dropped dramatically since Elon bought Twitter. And this is the best opportunity to buy it at this price.
Now people will have to wait next wave which is not clear when it would happen.

How do you say so that the recent buy of Elon of Twitter is the main reason on why the market is declining? No its not i would say on which there's no specific reason
behind on why we are seeing this current market state.No fundamentals attached could really be that precise for us to say that its the main thing.
Now that the market had plummet out then its really a good time for us to get in but of course other people would be waiting for lowest possible price to have.

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Btc price (altcoins too) dropped dramatically since Elon bought Twitter. And this is the best opportunity to buy it at this price.
The bad news is usually what users usually wait to increase their savings because it is what contributes to the decline in price as it is happening now.
Right after the actual bear market, people will have to wait next wave which is not clear when it would happen.

jostorres

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

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?

Nah. This is not new but they already have this attitude ever since the ~~btc~~ world began but I don't think that there's more people that wait for the dip because I believe that there are more hodlers than the sellers. If there are the majority is wishing and waiting, that would only be the pump, nothing more nothing less. And are there anyone that panics? I cannot feel it anywhere, though there are only a few news or updates about the price but that was normal.

Cryptos are about money so it's important to monitor it's price very often. No one knows what is the bottom but this time is a perfect time to buy. If the price turns back to bull then congrats as you can earn some but sorry for those who didn't buy.

batang_bitcoin

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Quote from: FlamingFingers on May 11, 2022, 01:26:15 PM

There is this analysis I've been following up for more than a month..... For about 4 weeks now.. Incredible dump on Thursday.. New York session precisely, so if you think today's dip is bottom I think it's better to wait for tomorrow or better still, do a dollar cost average DCA on your trade. Bitcoin will bounce back stronger but the question is when exactly will it occur

Everybody will expect that the worst is yet to come. This is what the market is telling that and we all should be prepared for that. The diamond hands as they say will remain and those that will panic has to look for a reentry once again.
We all have our way of dealing this plummet and it's important learn the lesson that it's bringing and it's just the same with the other bear markets that we've dealt with.

FlamingFingers

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There is this analysis I've been following up for more than a month..... For about 4 weeks now.. Incredible dump on Thursday.. New York session precisely, so if you think today's dip is bottom I think it's better to wait for tomorrow or better still, do a dollar cost average DCA on your trade. Bitcoin will bounce back stronger but the question is when exactly will it occur

Asiska02

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Bitcoin is getting lower drastically in the past few days and still dipping currently. People who are looking to buy at lower price, this is the time for it. But nevertheless it can be bought at anytime and kept for later when the price goes up again to sale.
Anyways, same happened last year, and we later saw a very large significant higher run in it. Same is currently happening and bitcoin will bounce back soon. There’s no time you can’t bitcoin, but this is the best time to get it as the market is dip now.

bitcrystal

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the best time is the time you feel is right base on how much you are investing, how long you plan to hodl , what levels you plan to take profits. this will help you to make a concrete decision on when to buy. currently there is panic and majority feels that bitcoin can still go lower which is a good opportunity to buy lower if it happens. if you plan your investment very well you can buy at different levels.

Rockstarguy

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Whether the price of bitcoin is low or high some people will also find some thing to talk about. Real people who are interested and willing to buy bitcoin buys at any giving time, if bitcoin goes dip they use it as an opportunity to buy more. Some people who always sing that they missed opportunity to buy bitcoin when it was low will still be be confused to buy when bitcoin finally go dip thinking it will go dip more. Their is no perfect timing to buy bitcoin for people who hodl bitcoin, buying more when it goes dip is also a good moment.

Oasisman

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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?

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.

tabas

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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.

Anders_Bitcoin

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Quote from: bakasabo on May 10, 2022, 03:17:01 AM

Quote from: Cryptomiles1 on May 09, 2022, 07:32:11 PM

Quote from: Anders_Bitcoin on May 09, 2022, 10:01:55 AM

Hi all. I'm new here. Just thought I'd make an introduction like this. Regarding the author's question, I agree with your opinion, I keep gaining a long position on BTC. My first limit order triggered on exchange wowswap (I don't work on centralized exchanges) at $34,720, now another one triggered at $33,200. Honestly, I didn't think it would go below $34k, but I see it as a good entry point

Maybe I would say you buy at higher entry point
😝 Presently dipping down to $29k and you think you bought at dip?
So I will likely keep in mind to have relative look at the price again but I m strongly sure it will dip to $25k and BNB $200.

What are your thoughts..

My thoughts are turning into "Bitcoin 4-year cycle conspiracy" direction. We are in 2018 right now, when Bitcoin price went from $20k to $4k. I believe there is nothing to catch in Bitcoin this year, if you are holder. Just wait for next year and better concentrate on own fiat financial stability until the end of this year, as it looks like to be tough. The trust in crypto has greatly shaken during last 24 hours, as stable coins turned out to be not that stable after all.

The market is cyclical anyway and if this consolidation takes about a year, it is a good time to buy bitcoin regularly

Anders_Bitcoin

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Quote from: Cryptomiles1 on May 09, 2022, 07:32:11 PM

Quote from: Anders_Bitcoin on May 09, 2022, 10:01:55 AM

Hi all. I'm new here. Just thought I'd make an introduction like this. Regarding the author's question, I agree with your opinion, I keep gaining a long position on BTC. My first limit order triggered on exchange wowswap (I don't work on centralized exchanges) at $34,720, now another one triggered at $33,200. Honestly, I didn't think it would go below $34k, but I see it as a good entry point

Maybe I would say you buy at higher entry point
😝 Presently dipping down to $29k and you think you bought at dip?
So I will likely keep in mind to have relative look at the price again but I m strongly sure it will dip to $25k and BNB $200.

What are your thoughts..

Easy. There might even be a squeeze to the 20k level, why not. I just continue DCA almost every day for a small amount

CaVO32

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Quote from: Oceat on May 10, 2022, 06:28:36 PM

Quote from: topman21 on May 10, 2022, 06:14:42 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.

Oceat

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Quote from: topman21 on May 10, 2022, 06:14:42 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.

topman21

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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.

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

Okay, presently I want to ask why the sudden panicking around the media and forum here.

Is somebody here in the forum who is panicking right now?? Hmm maybe those newbies who just joined crypto for a few weeks to months. Maybe its their first time to see crypto moved like this thus, they are panicking. Media? That's normal for them to react like that either the crypto is bearish or bullish.

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

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.

Its an opportunity for the others to buy Bitcoin now that it is at its lowest price. Yes there are some investors who are waiting for the price to go even lower because of how the market is moving right now but for me, I think this is a good time to buy not only Bitcoin but other top altcoins as well. Just be ready whenever it goes down even lower than your buying price. We have given another opportunity to buy crypto at a lower price and yet there are others who are still waiting to go even lower..

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

Best time? There is no such thing as best time when it comes to buying because anything can happen. You are expecting for the market to go down lower but it didn't happen and vice versa. If you really want to buy now then buy now. The risk is lower and you can get higher rewards.

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Quote from: tbct_mt2 on May 09, 2022, 07:57:02 AM

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

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.

$32k means 50% down from all time high. It is a point of double bottom too. Therefore, I think that Bitcoin will bounce back strongly from $32k.

2018 bitcoin fell from 20k$ to 3k$, compared to the current 50% drop which may not be the final bottom. I think bitcoin will continue to fall and maybe go below $30k.

Quote from: tbct_mt2 on May 09, 2022, 07:57:02 AM

Quote

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?

But I don't expect Bitcoin to turn back to bullish. It won't return its trend quickly and we won't see a V shape rally from $32k to $69k. There will be a long time for accumulation in months before the market will be warmed up again before 2024 halving.

Because people now are uncertainty about what will happen with Bitcoin, up or down, fall more or rally strongly. From uncertainty, they will response from panic to FOMO with Bitcoin bounce. I expect to see big green and big red candles in next few days around $32k.

Surely the market needs to accumulate for a long time before it can rise again, should not expect a bounce at this time. IMO, Bitcoin will rise again and a new bull season will happen with the next Bitcoin Halving.

ninis45

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I joined here in 2017 exactly when ATH happened and then fell in 2018 with the bitcoin fear and greed index level of only a few percent and this proved a lot of newcomers -my friends- who sold it and I myself survived and the bear market continues to fall and fall so it took a long time for the bull market to come back and now it's not like 2018 and so different that I assume it won't be long

Topic: A time people have been waiting for bitcoin to drop - page 6. (Read 1530 times)