Bottom For Bitcoin? - page 6. | Bitcointalksearch.org

Renampun

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Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

if you wait to buy bitcoin until the price is bottomed then I make sure you will never get that opportunity...

many predict the bitcoin price will not be below $25k or $23k but a few days ago the bitcoin price touched $20k. if you have more money then just buy bitcoin at the current price, you will not lose because the price of bitcoin is volatile and the market will definitely be bull again.

LouVandetta

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Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

No one realy knows when the right time tho, even to those that claimed themselves as expert traders can also be wrong with their predictions. The thing is, when you think it's already in the bottom and hoping it begins to recover but it did not and the same goes when you think it will continue dumping but what happen is otherwhise vice versa. I'm not in a place to advice when to invest or wait for more dump, since it's that hard to predict. So, I myself gonna keep waiting tho and just watch where the market goes.

Wexnident

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I'm assuming the "Best" Time to invest in your opinion is when you can maximize the bottom? Then I suggest giving up, that's almost impossible to predict, if not impossible. It's also going to make you simply miss out on the investment opportunity if you keep looking for the "Best" time, I suggest just going in on dips, especially big ones like the one we have right now. If you're afraid of putting it all in, then just go DCA or invest in other types of assets such as stocks/land. I recommend DCA more though, up or down you're still investing which is a lot easier and less stress.

Oceat

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Almost everyone are expecting to find the right answer of what was the bottom but seriously, no one could tell what is the bottom ever since the market started. But based dili on the chart and speculation, people are expecting that this $20k is the bottom already but some said it's the $15k but I think that's just too much considering how high the ATH Bitcoin have last year.

It's better to buy already whenever you see a dip because that might be the last time you will be seeing such cheaper price. We never know maybe tomorrow or next month Bitcoin price would be stable at $30k or so, at least you did what you could during the dip.

Rengga Jati

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Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

It is like a question for:
How is your life in the future?
because none will predict what will happen to us, whether we will have or do something as we expected or unexpected.
This also happens in the Bitcoin price. many people only can analyze the chart, and system, and also predict the probability of the price. However, this doesn't mean that the prediction will be accurate.
That is why we cannot be sure about in what rate the bottom price of Bitcoin. If you are going to invest in Bitcoin, why don't you do it by steps? not all in.

DoublerHunter

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Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

^ I cannot answer your first question asking about where is the bottom price of BTC, but I think we are in a dip and probably investing now is a good decision. When BTC will recover? Just stop selling, stop panicking, and stop looking at the price chart daily and never get FUD. That will help BTC that will recover, as long as no one gets panicked and sold, BTC will surely recover.
However, this is not new in BTC price history, if you look at the chart history, there is a massive dump but after a few months, it was fully recovered the price. Who knows if it will recover tomorrow, next week, or next month, just hold your breath and don't watch the market daily.

livingfree

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Quote from: ottokoester on June 16, 2022, 12:42:23 PM

Well, with all my experience since 2013, I was knowing and prepared for 24k... but after these last days, I can surely say to yu that everything is possible... I mean everything... 18k - 5k Undecided

Everything as in is truly possible.

We can expect for the worst case scenario and the lowest that it can be. But if bitcoin stays strong at the $20k then we're now having another all time low.

And by checking that stats, it only shows that bitcoin is on the right track. It's not how much it will increase in the future but how much the support will be for this bear and for the upcoming years to come.

serjent05

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Quote from: hugeblack on June 16, 2022, 08:04:39 AM

Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Nobody knows, but according to the analyzes and the data we have and with the recent move made by the Federal Reserve, we are safe, as the price of 20k may be considered the bottom, but if things develop, we may see levels such as 15k to 17k.

Some youtube vlogger says that the bottom may probably reach $14k-$18k range and the bear market will last until September[1] this year. But I believe that the bear market will last longer than what the yt vlogger stated, I think it will last until the 2nd quarter of the following year 2023.

Quote from: hugeblack on June 16, 2022, 08:04:39 AM

In general, you should not buy at the same bottom because the price of 15k, 17K and 20k are all equal if you plan to keep your currencies until you reach the price of 200 thousand, so do not care much about determining the bottom but buy what you can buy now.

We're almost at the bottom and it doesn't matter how far we go.

Yeah just DCA, buy bitcoin at any given opportunity to get it at a discount.

[1] https://youtu.be/xkU4nMhNLJw?t=388

Strongkored

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Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

The answer will always be the same, no one will be able to accurately predict the bottom for bitcoin, then why wait to get to the bottom to buy, any time when btc have entered a bearish period is a good time and actually anytime is good as long as you make it an investment/long term holder but for trading you have to learn many other things.

Silberman

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Quote from: mk4 on June 16, 2022, 06:53:17 AM

You need to understand that no-one can accurately predict this crap. Also, and that you don't need to buy exact bottoms (because it's almost impossible for 99% of people to catch bottoms). If you just want to invest for the long-term and NOT trade actively, just dollar-cost average.

https://dcabtc.com/

While I can understand why people like the OP would like to catch the bottom, as who would not like to do so, at the same time this reveals they have not done any serious study towards investing or trading in general, I still remember the first time I was watching the charts and the price and without a doubt catching the bottom and the top seemed very attractive back in my newbie days, but as soon as I began to seriously study the markets it became very clear that such a thing was impossible, but fortunately it is also unnecessary as there are many ways to profits from the markets without having to time our entry or our exit points perfectly.

The Cryptovator

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No one can advise you in these circumstances. You are the one who can decide. The market is quite volatile right now and it's quite impossible to predict right now. A lot of FUD coming outs at the moment and marketing going down day by day. Bitcoin was stable to 30K zone for a few days now playing around 20K zone. We won't able to accumulate the exact bottom always, you have to be lucky enough for that. If I had enough money now, I would accumulate at the current price. Because it seems to me a good zone to buy even not the bottom.

bitzizzix

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Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Bitcoin is not easy for anyone to predict accurately even if they are an expert, because besides that the demand and supply of bitcoin also moves up and down due to many events.
just let bitcoin or the market move as is and do what's best for you as bitcoin prices go up and down, and for now I think apart from doing DCA you can buy every drop you think is a good time.

sklopan

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To be honest, it’s hard to imagine a bitcoin price below 20,000 now. I understand that the market is in a difficult situation, but I hope that we won’t see below this price in the near future.

mk4

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Quote from: ottokoester on June 16, 2022, 12:42:23 PM

Well, with all my experience since 2013, I was knowing and prepared for 24k... but after these last days, I can surely say to yu that everything is possible... I mean everything... 18k - 5k Undecided

Quote from: ottokoester on June 16, 2022, 12:43:52 PM

Some guys are talking about 5k --- and actually I think that its not impossible...

5k has always been possible — I mean, we're talking about the ultra-volatile bitcoin here. But if you're going to wait for 5k and it ends up not happening, what now?

Dollar. Cost. Average. Stop trying to time bottoms.

ottokoester

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Quote from: Leebabe on June 16, 2022, 10:52:54 AM

No one can perfectly predict the exact bottom for BTC but there could be very close predictions. Also knowing the best time to buy isn't certain .It could get to $15k though. In the end you'd be the one to decide on the risk to take

Some guys are talking about 5k --- and actually I think that its not impossible...

ottokoester

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Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Well, with all my experience since 2013, I was knowing and prepared for 24k... but after these last days, I can surely say to yu that everything is possible... I mean everything... 18k - 5k Undecided

maydna

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Don't wait too long to invest because it could be too late to notice. If you see the price being dumped, buy some satoshi and wait a bit. If the price gets dumped again and this time the price drops deeper, then buy a little more and wait a little longer. But set a price range for you to buy, and don't do it if the price range is too short because the price can bounce back to the previous high price. We don't know when the bottom will be there and we can only try to buy at every low price.

Rruchi man

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Quote from: Mark301 on June 16, 2022, 06:25:25 AM

What do you think will be the bottom for Bitcoin, from which it will begin to recover?

IMHO, I think it is best not to bother yourself with questions like this especially when you have made a decision to hodl. if you have made such a decision, be rigid with that decision and be determined to ignore the market trend.

Regardless of the fact that no one here can accurately give an answer to this your question, the speculated answers may perhaps begin to slowly have an influence on you decision to hodl if perhaps the market starts going the way of someone's prediction of bottom for bitcoin.

Quote from: Mark301 on June 16, 2022, 06:25:25 AM

Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

The facts have be laid out before you that this dump offers an opportunity for newbies to get into the market, whether you decide to get into the market now or later is a decison up to you to make.

Leebabe

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No one can perfectly predict the exact bottom for BTC but there could be very close predictions. Also knowing the best time to buy isn't certain .It could get to $15k though. In the end you'd be the one to decide on the risk to take

Maus0728

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Will not wait for the bottom! I would otherwise go sell most of the important asset I own which can include house and lot, and vehicles. Plus, one of the body organs I have to buy more stash of bitcoin! Tongue

.

Kidding aside mate, as others have said, I would rather opt-in using DCA strategy than timing the market to trigger your buy button -- of course, if you are planning long term. If in case bitcoin continuously go down in the next few weeks or days, you can replicate the process and buy bitcoin again at a much premium price.

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