Best time for me to buy - page 23. | Bitcointalksearch.org

Franctoshi

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

Bitcoin is currently trading in the high demand zone 36k,35k,32k, 28k are significant level to watch, so since you were targeting to initially buy around $40k and futunately for you the market has given you a discount ( cheeper price ) to get in,

I suggest you do dollar cost averaging DCA from this point in market and set up your buying price base on the aforementioned price level, even if the price in case drops lower, it also means another better opportunity for you to buy.
Lastly buying the dips comes with amazing rewards at last #Buy and HODL.

Lucius

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Quote from: buwaytress on May 07, 2022, 12:38:53 PM

So what I've learnt is, even among the minority who claim that they believe Bitcoin is long term, many don't have the fortitude to stomach years of "winter".

There is nothing to object to what you have written, because it is a truth from which no one can escape. Most of them invest in BTC for profit and the vast majority are not interested in decentralization, using BTC as a currency or they don't care who Satoshi is or how much the average on-chain fee costs. As you say, even among the minority that supposedly believes in something more than that BTC is a money machine, few manage to withstand the challenges that are manifested mainly in the loss of value that BTC realizes in relation to fiat currencies.

But I stopped getting annoyed about it a long time ago, and I can only paraphrase Satoshi who said that if someone doesn't want to believe or doesn't understand I just don't have time to convince them otherwise.

19Nov16

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When the price of bitcoin is above $50k many people say they want to buy bitcoin if the price can go down and the range is $30k, now it has happened, if we only aim for short-term investments then buy now then sell in a week then I'm optimistic that profit is 15% we will get, successful investors make moments like today a busy day to buy.

ethereumhunter

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Quote from: palle11 on May 07, 2022, 09:20:43 AM

Quote from: ethereumhunter on May 07, 2022, 06:53:02 AM

But whatever it is, only you know when is the right time to buy bitcoins and how much money you want to use to buy bitcoins.

This is a rather difficult thing to know. The bear is still on and nobody know when the bull will come and also OP can't determine that. I think now is still a better time to buy bitcoin because it has dropped more than 50% from the ATH coming down now at 38k, investing now is still right and possibly price may begin to rise now that Fed increase rate and inflation can push more investment into bitcoin.

With bitcoin falling to the level of $34,700, it looks like a bear market will still be in the market so this makes us continue to be vigilant and careful when entering the market because we have to be smart in determining the time to buy bitcoin. The recommended advice is to try to buy a few and wait a bit because we don't know what will happen in the next hour. That's why we can divide our buy order into several parts to anticipate if the price continues to decline.

boris singer

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Now the market is still unstable if you look at the movement of the current candle and some news that comes suddenly but this will not make anything because regardless of what bitcoin is still something that is quite profitable to buy from now on considering this is a pretty good discount for bought.
I personally might have to wait some more time to buy a sizable quantity but I'm also starting to try to buy a little less from now on

Nrcewker

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

I guess, it won’t be any better than the current price to buy the Bitcoins.
At present Bitcoins are at 34k USD.
And as everyone saying it won’t go any down than this.
So if you can afford to buy at least 1 BTC and wait till 2 to 3 weeks to sell, then easily you can get 20-25% profit.
Moreover if you are planning for long term, then no time can be better than this. Buy the Bitcoins now and enjoy the profits when Bitcoins hits 70k usd.
This is the golden chance for all the Bitcoins long term trader.
I am also going to buy as much Bitcoins as I can in this dip season.

lornadane

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Quote from: MiF on May 07, 2022, 06:11:33 PM

Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

This strategy is good, buying is good specially when you buy it by stages, for me i prefer to buy on 3 stages because price status of btc isn't stable.We dont know if the price continue to fall after we buy it so if i have 1000$ i will devide ot on 3 and invest in 3 stages to avoid big loss if ever the bitcoin price fall drastically.

This is a good buying tactic I like this way we can keep the bitcoin price stable and with 3 stages of buying bitcoin we can get different benefits.
I often invest in this way even though the market conditions are good but this method really helps me manage my funds in the bitcoin market space.

MiF

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

This strategy is good, buying is good specially when you buy it by stages, for me i prefer to buy on 3 stages because price status of btc isn't stable.We dont know if the price continue to fall after we buy it so if i have 1000$ i will devide ot on 3 and invest in 3 stages to avoid big loss if ever the bitcoin price fall drastically.

batang_bitcoin

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You don't think if you're going to buy with small amounts. What's important is you're buying and you're adding little by little to your total holdings.
Do not underestimate the amount that you're buying because it's one reason why many have profited on the last bull run. It was because they've accumulated every single amount that they've decided to buy when bitcoin's price was still low.

Yamifoud

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

Indeed, the market won't just fall forever, it recovers back after the last drop occurs. If we plan for long-term investment this current situation is going to believe the best time tp o start with. Drops can be possible, but we don't need to wait for that as not even sure if that really happen what if this $35k was already the bottom price.

Besides, Bitcoin is known for its profitability, so even if it drops more as long as you never sell them, you'll never lose.

AjithBtc

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Quote from: Herbert2020 on May 07, 2022, 03:42:40 AM

losing 30% is to go about $25k which is an extremely hard thing to happen. price is even struggling to stay this low.

always keep in mind that whales are those who buy the dip Wink

Same time it is must to keep in mind that Whales have got the ability to manipulate the market to some level. In the past they were successful to create some panic moments and disturb the market which causes decline in the market. Nowadays people are not much into panic, everyone are good enough to analyse the market while getting off and entering the market.

lionheart78

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

If you are for a long-term investment, then this is a sound plan. Losing value during the time of holding doesn't impact anything as long as your goal is to wait until the market is favorable. Averaging is also one good strategy when the Bitcoin market is going down. It has been proven that doing this will give you more profit than expected since your average cost of investment goes lower.

Marvell1

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

Falling prices are sometimes not a bad thing but actually a good time to buy if you want big profits. We will not be able to accurately predict the last stop of bitcoin price so start buying from this price, if bitcoin continues to fall we will continue to buy.

Bitcoin is a long-term investment so we don't need to worry because after the price drop, bitcoin will definitely rise again. Just hold bitcoin one day we will be well rewarded, history has shown us that.

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

Rule Number 1:

You only make a loss when you accept to sell at a lower price than you bought. So if you bought BTC at $40K, and it dropped back to $20K and then back to $40K, and you held it through all that time. You never lost anything.

Whenever there is a sweat deep like the current one, just buy, so long as you have the money.

Emitdama

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You can afford 36k? Wow, rich kid hehe Grin

but seriously, no matter what the price are, you can always afford it because buying bitcoin doesn't always need to be one whole bitcoin but you can also buy in satoshis's or mbtc's. They are the smaller units of bitcoin for those who didn't know yet.

The price of bitcoin was lower earlier this afternoon than now because it was 35k earlier but now it increased a little bit and the price now was at 36k something but its still cheaper than the last past days so you should hurry now before the price increases more because I believe that there are still bulls and what we are experiencing now is only just a bear trap.

goaldigger

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

There’s no best time to buy because you can always buy and have profit no matter what the situation is. Though of course, buying at a bear market since more profitable than buying during the bull trend so right now, this is a good chance to accumulate more Bitcoin and other good altcoins, we may not sure if the price will still go down but at least you are able to buy at a cheaper price because in the next three years we will be on a different price level again, and maybe that is the time we will reach the hundred thousand mark, its good to have some now for your holding purposes.

Hypnosis00

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Well, I dare to encourage you to even buy more now. Though it wasn't a perfect time to do it, yet never knew what will happen next, however, we couldn't just let this chance disappear without taking the advantage of it. Take note that the next halving is soon to come, prices may rise up again, that is why we should have to prepare for it as even if the price will go down but surely it recovers back, especially during halving.

royalfestus

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Buying at any price below the previous all time high before the halving is still a good buy but Bitboy just gave an Idea of November to February next year, I think is just a suggestion and no maths or research cant back it up. One can pick some up now and reserve some fund for the later part of the year.

Oilacris

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Quote from: Rockstarguy on May 07, 2022, 03:22:52 AM

Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?

Buy on the amount which you could afford to lose so that you wont really be stressing out yourself in case the market would really be go down but since we do talk about bitcoin then recovery is inevitable.

Lots of people been eyeing on $32k price point on which they are really that eyeing for it to be going that low.If you could really take risk on accumulate on the current price which isnt also a bad decision

to be made.We cant somewhat be sure if the price would go down further since this market is totally unpredictable and couldnt really be known.

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Personally, I encourage you to this plan, I am with every decision to buy Bitcoin in times of decline because opportunities do not always repeat, so the more Bitcoin falls, the better the opportunity, even if the sharp bear occurs and the Bitcoin price drops significantly, there will be no loss, but you have to hold And if you can buy more, you have to do it and then wait for the moment of the arrival of the big bull and the time to sell and take big profits, I am sure that there is a big rise coming for Bitcoin.

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