Bottom of the Bear Market...let's accumulate!! - page 2.

eaLiTy

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Quote from: justdimin on January 13, 2023, 05:04:21 PM

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Halving will surely make it go over 100k, we are going to not stay here for too long and the price will start to go up gradually, before the halving starts I believe we will go back to 50k levels, and after the halving doing another 2x will not be a trouble. Which is exactly why I am buying right now and will continue to buy until I can't.

There is no certainty on how much valuation we could rally to after the halving, but the general expectation is along that line considering the past rallies but anything is possible, a major global recession might derail those expectations. There is no doubt about accumulating but the reason i wonder is why the market rallied all of a sudden in the past couple of days.

maydna

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Quote from: tygeade on January 13, 2023, 02:18:10 AM

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

I agree that this must the last year where we could see the bitcoin prices trading below $20k levels. At the same time, I feel like it would be too early to speculate anything about six figures of bitcoin prices. Because, by history, bitcoin might need another halving to test anything beyond $100k levels.

I am personally into accumulating bitcoins for years as I never bother about the trends. Yeah, I have bought bitcoins almost everywhere from 65k to $16k levels in this current cycle.

Many of us are still trying to collect from a few years ago and didn't sell it at the last ATH because we are still trying to sell it at another ATH in the future. Perhaps in the next ATH, they will sell most of their bitcoins but perhaps they still want to keep most of their bitcoins because it depends on the plans and strategies they are running. And right now, we can still try to buy more bitcoins because the current bitcoin price is not yet at the $20k level. And even though the price has already reached above $20k, I think it's still a decent buy price for bitcoin, considering the potential for bitcoin price to be above $100k in the future.

justdimin

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Quote from: tygeade on January 13, 2023, 02:18:10 AM

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

I agree that this must the last year where we could see the bitcoin prices trading below $20k levels. At the same time, I feel like it would be too early to speculate anything about six figures of bitcoin prices. Because, by history, bitcoin might need another halving to test anything beyond $100k levels.

I am personally into accumulating bitcoins for years as I never bother about the trends. Yeah, I have bought bitcoins almost everywhere from 65k to $16k levels in this current cycle.

Halving will surely make it go over 100k, we are going to not stay here for too long and the price will start to go up gradually, before the halving starts I believe we will go back to 50k levels, and after the halving doing another 2x will not be a trouble. Which is exactly why I am buying right now and will continue to buy until I can't.

It just means that if I buy so much, then when the price goes up I will be in that much profit. And we are talking about just this year, and this havling, and I am telling you, if I buy right now, and sell 2-3 halvings later, how much more profit that is compared to just this halving? That is why it's important to keep accumulating.

tygeade

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Quote from: thecodebear on January 09, 2023, 09:27:26 PM

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

I agree that this must the last year where we could see the bitcoin prices trading below $20k levels. At the same time, I feel like it would be too early to speculate anything about six figures of bitcoin prices. Because, by history, bitcoin might need another halving to test anything beyond $100k levels.

I am personally into accumulating bitcoins for years as I never bother about the trends. Yeah, I have bought bitcoins almost everywhere from 65k to $16k levels in this current cycle.

Silberman

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Quote from: kro55 on January 11, 2023, 09:55:14 PM

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

~~~

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

Who is accumulating and how much are you hoping to add to your stash this year?

We can invest in bitcoin whenever we want, bitcoin will always make a profit. But I agree with OP one thing, if someone misses 2022, then maybe this is the last year we see bitcoin under $20k. If we miss this opportunity and when another bull season arrives, buying bitcoin will become even more difficult. Remember the lesson when bitcoin was at 3k in 2018, and if someone didn't buy it, there was no chance.
Of course, we can still invest later, but if you want to make a lot of profit, let's accumulate now, procrastination will not help us become rich.

At some point investors need to accept the fact they need to take a risk and invest in bitcoin, maybe they missed the bottom already or maybe the bottom is yet to come, but that does not matter, what matters is to take action now, because each day it passes the closer we get to the next halving, and while it may still seem to be far away we must not forget that time flies by and before we know it the halving will be around the corner and we may find ourselves without enough bitcoin to fully take advantage of it.

TravelMug

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Quote from: Yatsan on January 12, 2023, 06:45:57 PM

Quote from: TravelMug on January 11, 2023, 10:05:15 PM

Quote from: Poker Player on January 11, 2023, 09:26:00 PM

If you notice, we are having slight sustained upward trend, which seem to indicate that barring catastrophic news, such as another FTX, that we can get back to $20k and beyond.

Yes, I can't just imagine what bring this positive vibes to the market as we have seen a slight upward trend in the last couple of days. $18,200 is not that bad and it's good to see that price again.

Quote from: Poker Player on January 11, 2023, 09:26:00 PM

For anyone who is in on this, we know that sub $20k prices are extremely cheap, the thing is that there have been extreme downturns because of the leverage explosion but at the minimum that things return to normal the normal is a 2023 with upside.

But it's not yet the end of it, we can still accumulate sub $20k, still way below the last all time high we have in 2017. So it means there's a lot of time for us to stash and stack sats this year.

Still a long way for this uear. The first month has just started and there are many things that could take place if not for this month, but as this year goes on. My prospects which could trigger an uprise movement in the market price of cryptos are adoption from huge countries. This might create a trust towarda this industry despite of the market situation we are currently seeing, just like before. But if it is for anticipated bullish trend, I guess that is more likely to occur in 2024 during the next Bitcoin halving. As analysts have mentioned there are possible spikes in the market which we could make profit from. So being patient for now would be a better thing to do.

I'm not saying that anything can happen as this is just the start of the year. But if we, this early is showing sign of recovery and bounce back then it could set the bar high this year and who knows, this might be real and we could end up in the $30k-$40k range.

So there's nothing better that be positive in the beginning, but very cautious as well.

I understand your concern, but if you look previously at history, after a worst season, bitcoin recover and then we enter the bullish phase after the block halving. I'm sure you should know that by now.

Yatsan

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Quote from: TravelMug on January 11, 2023, 10:05:15 PM

Quote from: Poker Player on January 11, 2023, 09:26:00 PM

If you notice, we are having slight sustained upward trend, which seem to indicate that barring catastrophic news, such as another FTX, that we can get back to $20k and beyond.

Yes, I can't just imagine what bring this positive vibes to the market as we have seen a slight upward trend in the last couple of days. $18,200 is not that bad and it's good to see that price again.

Quote from: Poker Player on January 11, 2023, 09:26:00 PM

For anyone who is in on this, we know that sub $20k prices are extremely cheap, the thing is that there have been extreme downturns because of the leverage explosion but at the minimum that things return to normal the normal is a 2023 with upside.

But it's not yet the end of it, we can still accumulate sub $20k, still way below the last all time high we have in 2017. So it means there's a lot of time for us to stash and stack sats this year.

Still a long way for this uear. The first month has just started and there are many things that could take place if not for this month, but as this year goes on. My prospects which could trigger an uprise movement in the market price of cryptos are adoption from huge countries. This might create a trust towarda this industry despite of the market situation we are currently seeing, just like before. But if it is for anticipated bullish trend, I guess that is more likely to occur in 2024 during the next Bitcoin halving. As analysts have mentioned there are possible spikes in the market which we could make profit from. So being patient for now would be a better thing to do.

TravelMug

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Quote from: Poker Player on January 11, 2023, 09:26:00 PM

If you notice, we are having slight sustained upward trend, which seem to indicate that barring catastrophic news, such as another FTX, that we can get back to $20k and beyond.

Yes, I can't just imagine what bring this positive vibes to the market as we have seen a slight upward trend in the last couple of days. $18,200 is not that bad and it's good to see that price again.

Quote from: Poker Player on January 11, 2023, 09:26:00 PM

For anyone who is in on this, we know that sub $20k prices are extremely cheap, the thing is that there have been extreme downturns because of the leverage explosion but at the minimum that things return to normal the normal is a 2023 with upside.

But it's not yet the end of it, we can still accumulate sub $20k, still way below the last all time high we have in 2017. So it means there's a lot of time for us to stash and stack sats this year.

kro55

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*STOP NOWHERE*

Quote from: thecodebear on January 09, 2023, 09:27:26 PM

~~~

For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

Who is accumulating and how much are you hoping to add to your stash this year?

We can invest in bitcoin whenever we want, bitcoin will always make a profit. But I agree with OP one thing, if someone misses 2022, then maybe this is the last year we see bitcoin under $20k. If we miss this opportunity and when another bull season arrives, buying bitcoin will become even more difficult. Remember the lesson when bitcoin was at 3k in 2018, and if someone didn't buy it, there was no chance.
Of course, we can still invest later, but if you want to make a lot of profit, let's accumulate now, procrastination will not help us become rich.

Poker Player

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If you notice, we are having slight sustained upward trend, which seem to indicate that barring catastrophic news, such as another FTX, that we can get back to $20k and beyond.

For anyone who is in on this, we know that sub $20k prices are extremely cheap, the thing is that there have been extreme downturns because of the leverage explosion but at the minimum that things return to normal the normal is a 2023 with upside.

GreatArkansas

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Quote from: thecodebear on January 09, 2023, 09:27:26 PM

(.........)
Who is accumulating and how much are you hoping to add to your stash this year?

This year is the biggest year for me to accumulate more Bitcoin, because of a lot of reasons just like the upcoming Bitcoin block halving is next year.
I'm doubling or more on what I have right now of my current cryptocurrency portfolio that I started to accumulate in 2018. The goal is to accumulate more Bitcoin for long term.

Dr.Bitcoin_Strange

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Quote from: thecodebear on January 09, 2023, 09:27:26 PM

Who is accumulating and how much are you hoping to add to your stash this year?

Last year, I never had up to 0.5 bitcoin like you, but I was a bit close. I never thought it was even going to be that easy to accumulate what I did last year. You have also had a good start this year with 0.1; if it is true that the button is almost up, then it is better to start DCA'ng on time. But perhaps, I thought 🤔💭 some speculation surggested that Bitcoin could possibly drop to $14,000. About that, I have set my target this year for at least 2 bitcoin.

Fesatmas

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Quote from: hatshepsut93 on January 10, 2023, 05:15:42 PM

Regardless if it's the bottom or not, now is a good price to buy. Those who try to find the absolute bottom or top are often missing even good opportunities and end up with lower profits (if any) then if they tried to simply make a good trade.

We can assume with a great confidence that if the market cycle pattern holds, the price will be much higher than it is now somewhere in 2024 or early 2025. This should be a reason enough to accumulate today.

But most people are too focused on questioning what is the lowest price of bitcoin, even though, no one can definitely say what is the lowest price of bitcoin. Instead of asking questions that won't get a definitive answer, they should use the current bitcoin price to buy.
I hope that many will take advantage of this opportunity by increasing the number of bitcoins in their portfolios, so that later we can enjoy the surge in bitcoin prices together without anyone missing out.

mk4

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Quote from: Eternad on January 11, 2023, 08:45:52 AM

What about the inflation and recession? Do you already forget the bigger problem than the crypto company collapse. This problem start everything last year while these collapse company is the result of the downtrend pressure made by the inflation. I believe these company will not gonna collapse if inflation never hits timing with the bear market since they will have steady flow of profit from crypto investment when crypto price is on the positive price.

It's not bad to start buying now but just make sure to don't all in. I really like the DCA suggestion but I don't see any positive news that will continue this temporary rally.

These companies didn't really collapse because of inflation — they collapsed because of being atrociously careless and being over-leveraged; at least if you're referring to FTX and the other companies that have been affected by FTX.

Eternad

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What about the inflation and recession? Do you already forget the bigger problem than the crypto company collapse. This problem start everything last year while these collapse company is the result of the downtrend pressure made by the inflation. I believe these company will not gonna collapse if inflation never hits timing with the bear market since they will have steady flow of profit from crypto investment when crypto price is on the positive price.

It's not bad to start buying now but just make sure to don't all in. I really like the DCA suggestion but I don't see any positive news that will continue this temporary rally.

Reid

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We have the same timeframe at the value on where we bought it. I am somewhere near 25 or 26. I don't regret it now. Same as you also, I want to add more but I am having trouble to get some funds and I don't like selling at a losing rate. That's just a stupid decision and I don't want to remember it the whole year if I am mistaken.
But, if I do have the funds and this economy gets better, I won't doubt about accumulating more. This could be the last chance we will see Bitcoin at its cheapest. I always like to think it that way because there's a big chance it is.

Lucius

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Quote from: thecodebear on January 09, 2023, 09:27:26 PM

~snip~
For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

It may be the last moment for those who have been undecided until now, but only when it comes to the next big bull run. If we assume that he will take us to at least $100k and that after that a new correction of 70-80% will follow, then in 2+ years we can expect that the price will be maybe only 20-30% higher than today.

For those who go slowly using the DCA method and want to have 1 BTC one day, it has been a big challenge in the last 5 years and can really last for years. Some members have shared such experiences over the years, but I think that for most it is still too much of a challenge, especially to keep what they bought when the price is too tempting to sell.

AakZaki

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If your target is 1 BTC then you need to do DCA targeting every lowest price, you can do it now and this year might be the last chance to get cheap before the halving happens. The average purchase you make at $ 24k is certainly not too bad, you just need to do DCA so that the average purchase you make will get smaller.
I myself still collect about 0.3 BTC and this will continue to increase every time there is a drastic decline.

Kemarit

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Quote from: OgNasty on January 10, 2023, 05:39:53 PM

You can count me in on the DCA club. I’ve been buying consistently for several months now and have no plan to stop anytime soon. I think buying under $20K is going to be looked back at as the best opportunity since $3K. Looking back there will likely be a lot of people who say it was obvious that this was the bottom, but not as many that can say they bought and took advantage. Be an advantage taker.

Yes, this is like $3,000 for us last March 2020 in the middle of the bear market and also with the pandemic scare around. Now we have the FTX collapse pushing the price to $15,000 and if we are continuing to accumulate till now, then it's a good win already.

And I do agree, regardless if we are in the bear market, or maybe hitting the lowest already, still great opportunity, as the price is in the consolidation phase. Others might feel not comfortable, but we should take advantage and we should do it till the block halving and then see how far the price will go in the next bull run (prediction is $100,000 minimum).

OgNasty

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You can count me in on the DCA club. I’ve been buying consistently for several months now and have no plan to stop anytime soon. I think buying under $20K is going to be looked back at as the best opportunity since $3K. Looking back there will likely be a lot of people who say it was obvious that this was the bottom, but not as many that can say they bought and took advantage. Be an advantage taker.

Topic: Bottom of the Bear Market...let's accumulate!! - page 2. (Read 660 times)