Topic: Bottom of the Bear Market...let's accumulate!! (Read 577 times)

That is the feeling I have too, that the bottom has been reached, and that we are at prices that we wish we had bought in the future. It is therefore better to accumulate as far as we can.


We can never be sure what will happen, but unless we have another FTX, the worst seems to be over.

Nice surprise when i was not online for almost a month and saw last week the price reached $22k and now it's still stable at $22k level, the last price i checked a month ago was around $16k, or it's been up more than 35%, hopefully this positive trend continues to make haters silent and stressed because their efforts to make bitcoin abandoned by users have failed.

And even if we crossed above $20k, I think investing is still very good at this point, specially if you are in for the long haul. Of course we don't look at the price and not worry if we are here investing for long term. But sometimes it's good to see the price going on positive and seeing a green candle at the end of every week or every month.

So lots of time to accumulate in this bear market (yes, for me we are still in the bear market although we have green candles for this month).

And let see how far this spike will be, hopefully we can see it around $25k-$30k at least.

And only we know whether it is worth doing or not because we are also the ones who have to be responsible for our assets. And because the bitcoin price has reached $20k, we can invest long-term because the potential profits will be even greater in the future. But he can also buy and sell bitcoins at this point for profit but it will depend on how skillful he is at trading. Investing is just a way to make a profit and we will not worry about how much the bitcoin price is today or tomorrow. It is better to choose long-term investments to get the maximum profit.

At this point I think it is safe to say that 10k is out of the question, it seems 15k was the bottom and at worst we may hit again one more time, but after such a thing happening I would expect for the price of bitcoin not only to remain away from the bottom but also to grow to a point in which the 20k level will be left behind as well, so it seems this is a good moment to accumulate more coins despite the risk of the current correction being a bull trap.

the last few days the price of bitcoin has increased slightly from the level of $ 16k to $ 21k and today bitcoin has begun to decline at $ 20k and according to my speculation it will return to the level of $ 17k. maybe the OP got lucky after creating this thread the price got better for a while.
but it's true what the title of the thread says that bitcoin from $ 60k has fallen to the current price of $ 20k that is the really cheapest price and indeed at this time there is a big discount that is given for us to buy and collect as much as possible before it's too late like bullish previously. I believe that some people they missed out on last year's bullish run and let's get together while there's still a chance.

Buy on the lows is the ideal but over what time period do we consider those lows.   Today price is breaking the 2 day average which means we reset some but how far will it pullback before attempting higher again.  So long as we keep 20k I'll guess we do try for higher prices but overall I believe in multiple tests so accumulate would be in the depths of those tests to price action.

Having a nice bottom like this is always good, its not going to be easy to accumulate starting from now but you could still do it. If you decided that its a good amount of money to buy, then you should do it. I have been buying it up for many years now, bought at lower than this, bought at higher than this. All in all I would highly suggest not to be late, and go for long term as well. Its not just about buying, its also about holding, if you buy now and sell tomorrow then you won't make much profit, but if you buy now and sell 10 years later, that profit will be huge without a doubt. So do not forget the second part of this, which is holding.

We are really that trying to break that 21k resistance but it do fails and these pullbacks are really that normal but not really that much in huge percentage.Good thing that we didnt go below 20k price but the possibilities

are always there.This is why its not really that something recommendable that you should really be that confident.Always try to spot out those buying opportunities once the market do make out some pullback.

This is where you should be spotting on accumulating which would really give out that advantage if ever we do able to break those recent resistances but of course you should
make yourself prepared about going back on were we before.

It's like a week since you have posted this and yeah, the upward trend still continues up to this point, $21,000 and counting. There's no news yet like the FTX and hopefully there's none in this year.


For sure there are speculators, whether short or long term, who filled their bags last year because the price is cheap. But still though, at the current price movement, we can still consider this it as a discount because we are still in the $21,000. And maybe at the end of the year, this could double as I can see $40,000 or higher this year.

I think the resistance now is $21k, it seems that eventhough we have broken it, there are a couple of times in the last couple of days that we can't break it or it's hard to maintain that price.

But I do believed that we won't hit $10k as predicted by many before the start of the year.

Because the good thing is that the price suddenly goes on spike, but still though the best time to accumulate because we are still in the $20k'ish price. It's not that we suddenly went from $15k lowest low to $30k, the window is still present for us.

I am very happy to see Bitcoin back and alive after all these months. But I am not sure time comes to start accumulating. There may be another trap after this move. Like sudden temporary drop. I am still waiting for that opportunity buy at least 0.5 Bitcoin. I think we won't hit under 10000 dollar levels for sure tho. I guess resistance around 12-17k levels is too strong. Its so strong and bear can't ever break it. So I actually half agree with OP, accumulating windows just started but for the best price I wanna wait.

I also see this way that there are some indication that we are having way to 20k but still we are 1k away to take that price again.

but another FTX is dangerous to look at and hope not to another scam  

i was expecting at least 25k for this small bull run , hope that we will cross at least before it happens to dump again while waiting for halving.

if you are not happy then best to buy more instead of not letting others selling their coins , some of them are loser in the past that only wanted to take out.

I'm still accumulating and I'm not happy when bitcoin goes up and holds above $20k. People are getting very excited to see bitcoin go up because people bought at a higher price, and they don't want to hold any longer. But I like the bitcoin price as low as possible to be able to buy it cheaply. For 20k dollars, I would buy only one bitcoin at the current price, but if bitcoin prices 10k, I can buy two bitcoins. I hope bitcoin will crash again.

Now Bitcoin is increasing, at this time Bitcoin has reached $20.8k, but according to the conditions of this chart it is still significantly increasing, so far we see several charts of coin values besides Bitcoin showing graphs of increases, even though these are signs that the market will be Bullish, of course we have to prepare as best we can, and while we're still not out of the Bear Market, below $20k is a bargain, but we believe based on the chart we're looking at right now, 2023 will be even better than the previous year.

Perhaps at this point we expect a higher Value, in the $30k-$40k range for this small Bull, although it takes a little extra later this month or the middle of the coming month.

Many of us may not pay much attention to the price and timing when the price of Bitcoin is down. But when the price get bullish at one point there will be no end of regret. Bitcoin has been below $17K for a long time and has started to turn bullish again since last week. Maybe many didn't accumulate bitcoins before $17K hoping for more dip. Currently btc price reached $21000. This may not be good news for those who haven't collected yet. If it ever comes below $20k again then should buy as much as possible and if not I think the current price is also worthy to invest.

Bottom picking and averaging down are usually the strategy of a lot of investors where they are accumulating when the price of the bitcoin is crashing. There are a set of parameters that should be consider before doing that kind of strategy because a lot of investors have low winning rate and the waiting time is too long for this kind of strategy. That is why for short term traders like us, we prefer to buy in trending markets than to do averaging down to lessen the risks and also to follow my niche. I have low winning rate in accumulating in bottom so it is the reason why I don't recommend it for some traders or investors who want to buy while the prices are crashing. My mentor said that cheap price can become more cheaper price that's why I always be careful on buying at the bottom.

People here procrastinate the information concerning the speculation of cryptocurrency and mostly Bitcoin in particular, so at this point, nobody knows directly what it will say concerning Bitcoin rising and falling, and if you follow people analysis you will have a dividing attention. It's better to use Bitcoin chart to study and know how effective Bitcoin is going to take.

Some of us don't like the idea of buying at the bottom because of their worries that it might turn downward further. Then, will regret not buying at a lower price when they see the price moving upward and they missed to take advantage the much lower price. Just like now the price of Bitcoin is increasing, so if an investor bought at $16k price, it's a decent profit already at this time. That's how unpredicted the price is, we'll never know what lies ahead and it's also the reason why we have to take risk if we truly believe the price can go higher and reach its previous ath. As you've said halving may look far still, but the time flies so fast, so while we can still accumulate, do it without hesitation because it's for our own good. But this is if you're not a weak investor and aware of the history of Bitcoin.

I think the same, it is possible the price will go below 20k again during this year, as I doubt the bears are going to sit down and do nothing while the market keeps pumping, however I expect that at some point during this year the price will get far enough from that level to the point we will never see it again, so this is the moment to take advantage of the low price as once the next halving takes place and the next bull run begins to take form buying bitcoin will get incredibly expensive for retail investors like us.

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.

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.

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.

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.

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

Actually everyone is expecting Bitcoin to experience a little change since we have entered into 2023, but that is not the exact measure we are emphasising on. We should know that before now Bitcoin have it way of surviving and before it increment the thing that will happen before the bearish will be corrected should be a positive information of Bitcoin concerning adoption of a vital companies or a potential person who have influence. But a situation whereby a such information has not be carried out this year we shall continue to experience bearish market, and it's obvious that another determination of it's increment is dependable by the demands and supplies

I think we have to take advantage of the opportunity at a price that is still rock bottom so we don't regret it after bitcoin is back in recovery and collecting bitcoins until the price is $ 30k at least it's still good we look like we still have a lot of time to continue to get below $ 30k.
We have to have a purchase target and also a sales target because seeing this situation we have to pay attention to taking advantage of it.
Cold money that must be prepared to invest in bitcoin.

Indeed. He is buying in great quantities especially last year when BTC value is much higher than what we have now and he said that he is just DCA'ing but usually, those amounts are already good for those who buy rarely. Maybe this guy is one of those above average retail investors.

What we can do is to only predict and based our prediction in the past performance of the coins but it may not always be followed so don't lose hope on what you are planning. Maybe the bull run can be delayed again and you will have a chance to accumulate one bitcoin before it comes. Just don't focus beyond your first goal but focus on finishing it first before setting a new record again.

I mean, I feel slightly more bullish than normal as well, but I'm still very skeptical. On the other hand, over optimism can end very badly when making decisions off being overly bullish.

We should but many won't, and they are really the people who shouldn't even be here. Crypto is a volatile thing and sometimes you win and sometimes you lose, there is nothing wrong with that, I do not think that we should be focusing on making money at this point and we should instead try to have as much bitcoin as possible which is accumulation basically. If we could do that then we are going to end up "being ready" for when the time comes and the price goes up.

I know it requires you to spend money now and not have any results at all for a long time which is upsetting to see, but people who bought at 2018 made a killing in 2021, that's 3 years of waiting and yet they recovered and got richer.

Wow, you have a deep pocket I must say, I wanted to stash 1 BTC but I doubt that I can get it before the eventual bull run. I'm also doing DCA, but still depend on my capital that week or that month. But I'm still doing it slowly, as much as I can, or shall we can, invest what you can afford to lose. So for me probably a good .25-.3 BTC might be a good start for me this 2023 and up until the halving and maybe I will continue till 2025 and see how far can I go and hopefully was able to get that goal or even higher.

I guess many of us continuously buying the Bitcoins throughout this bear market. I myself have been purchasing Bitcoins every month, no matter what’s the price of Bitcoins in that current month. I know Bitcoins are way more valuable that it’s currently, so my current motive is to buy as many Bitcoins as I can in this bear market. Now once the price rises, I will sell these at very high price. I am very much sure that, I am not only the one who is doing this, many other people have also gathered many Bitcoins during this bear market and are waiting for the golden period of Bitcoins.

Good decision to accumulate since we can see more better figures if we base on past data's where it shows that bitcoin will always go pump up when something like halving events will nearly came. But let see if us accumulators on bear market season will be lucky if there is a bull run came. But if not still fine at least we try our luck to gain by spending some time waiting for halving miracle.

Quite optimistic you are. But that is a good sign for a bitcoin supporter. As a veteran trader, I have not collected any bitcoin yet. I believe there will be another wave in which I can collect even cheap bitcoins. Below $15000 is my target. I will try to accumulate 1 bitcoin in this price (with or without DCA)

If I still have money, I will choose some potential altcoins for even greater profit. But right now there is no time for me to do research. Very busy studying and working. I strongly recommend people learn and earn or do whatever is useful for themselves instead of looking at the chart too much. Right now is the best time to accumulate not just bitcoin, but education, too

For price movement it is true that it is starting to improve so many people speculate that there will be a bull run in the near future and some are still holding fast that the bitcoin price has not yet reached the bottom price in the current cycle, for short-term investors it may be very important to know what price predictions will be happen, but if you ask long-term investors, especially if they have experience, I don't think they will be affected by price predictions that may not be their target this year.
My Bitcoin collection is still relatively small because the DCA that I did is still relatively new and the money I save is still relatively small, so I'm embarrassed to mention it again, but I have a target this year to have the success of collecting 1-3 bitcoins.

I'm still trying to collect more bitcoins until now.
I want to keep collecting it until the price starts increasing to at least $30k and then I'm going to stop and look at the situation again.
We also have to see how long we can continue to buy bitcoins because we also have to look at our situation and financial condition.
And remember never to use money you can't afford to lose because that is the basics of investing.

There are concerns that inflation and recession will affect the course of the world economy, giving rise to several assumptions from observers that this will affect bitcoin, but if you look at Covid-19 and the economic impact in 2019 to 2021, bitcoin is not completely affected by that situation and even in 2021 bitcoin hit the highest ATH. We think now is the right move to collect bitcoin, before resistance sets in this year, so that we can take advantage of maximum return opportunities.

Therefore, it seems that this year bitcoin will experience a gradual recovery, although it is not certain in which month. If following the four-year scheme, it should be this year that bitcoin starts showing a gradual recovery before hitting the next ATH.

I do not believe COVID-19 caused anything, what caused 2018 and 2019 bitcoin lowest price? I see 2020 low price to be normal, that it is about how the market is volatile and nothing more than that, but because the virus pandemic was around the time, people said it is the pandemic that caused it.

Dollar cost average is good, but now is also good because likely the price of bitcoin is low already, let us expect the price to increase, but this will not be an increase that will result to ATH.

There is a chance that something bad could happen again, do not be so sure of your point OP, but we should be fine if we don't go all in, who would have thought that Covid 19 will make crypto create a new all time low in 2020? I am not saying the something will happen again but anything is possible.

I will keep using dollar cost average strategy till 2024, I advice everyone to do the same.

Congratulations on the success and luck you have had in the last few weeks/days, Targets and forecasts are quite good for perfecting your Bitcoin assets, I describe you are fighting for your goals to own Bitcoin assets with a target of 1 Btc, very good and worthy appreciation to follow. regarding the problem of the bottom / bottom of Bitcoin during this bearish period, it is better for us to go to the steps to collect.

Now that the Btc market has broken past $17k and we look forward to this recovery continuing to move upwards so that the bull market will take over this bear market, on this occasion we are still consistent in collecting and continuing to hold Bitcoin Assets.

Imo, OP is being bullish at the right time. There is a bullish divergence on weekly, we can pump to 20k+ in just one good trading week. Also, I saw overly positive funding on bybit a few days ago (at 16.5k) which was quite surprising but maybe that was the secret smart market makers accumulating serious longs at the bottom since the price only went up after that. There is something cooking inside for sure.

---

Ref:

Regardless of whether it bottomed already or not, BTC price had gone from its ATH to its lowest with more than -60%. When your goal is to hold til the bull run, it's a good time to buy. DCAing will work as long as you plan for the long term.


I'm hoping to at least hold my 0.025 and keep earning. 
Luckily you got 0.6BTC now. Now only people with considerable good income can buy that amount out of their pocket. 

Oh i get it our conservative price estimates seem overly bullish too you because you're overly bearish

"the bottom is almost certainly in and there is a good chance Bitcoin will start rising out of this bottom range in a few months."

That is almost certainly(though debatably) overly bullish in this current market condition; and no, a sideways chop definitely doesn't mean we're at a market bottom lol.

2015 was in the bottom range for 9 months
assuming we hit bottom 2months ago, there's 7 months to go.
not sure why everyone is expecting a prolonged winter.

hahaha exactly. I was very confused how they took my post as being about bullishness lol.

Yup, I experienced both of those. Never know how long a bottom will be. 2019 the bottom was only about half as long as 2015. Hey I was one of those who quit in mid-2015 thinking Bitcoin had run its course. Only realized Bitcoin was here to stay and is the future once I saw it had fully recovered and was back over $1000 in early 2017.

As far as this bottom goes, well the $15k bottom has only been in for two months since FTX, but Bitcoin has generally been in the teens and low 20s since what...July? That's half a year now. I do think FTX set the market back a few months, and looking at macro stuff, I wouldn't expect the bottom to be over and for Bitcoin to start grinding its way back up to $25k and beyond until late Spring or early Summer. Hence the thread: it's accumulating time!!! Bitcoin has solidly defended the lows from the FTX collapse for the past two months so things look fairly safe from going to new lows unless there is another major industry collapse - and since last January the only time Bitcoin has hit new lows is when there is some major industry collapse (LUNA, Celsius, FTX). And if it does go lower....great, that means slightly cheaper Bitcoin and probably even more time to accumulate!

Bitcoiners likely have several months, maybe even like half a year, to accumulate now at super low prices. And this should be the last time that it is fairly easy for those with some disposable income to accumulate on the order of tenths of a Bitcoin. By next bear market people will be scraping together just a few hundredths of a bitcoin at a time. So for those people who are gradually working on becoming whole-coiners, accumulating this winter and spring is absolutely crucial to achieving their goal!

you know your at the bottom when you suggest price will Not move more then 15% up for the next 4-6 months, and some how your labeled as a "over-bullish".

Just to be clear I wasn't saying anything about bullishness. I wasn't talking about the pump in the market the past day or two leading to things moving up now.

Not sure where 'Fundamentals Of' and 'mk4' got that idea from lol. I literally said I expect Bitcoin to break out of the bottom in a few months, aka not anytime soon.



I was pretty much saying the opposite of over-bullishness lol. I expect the bottom to persist for a few more months which makes this Winter and likely into the Spring a fantastic time to accumulate at the bottom.

I was talking about accumulating this year, and especially at super low prices while the market is still at the bottom over the next few months.



Now is the time to accumulate precisely because the market isn't at all bullish, but rather it is grinding along the bottom of the bear market. This is exactly when people should be accumulating! Not sure how those two commenters got my message so wrong haha  

The accumulation phase isn’t this quick. It was quick in early 2019 by a few months. It started to crash in nov 2018 and didn’t bottom until dec 2018 and traded sideways for many months until April when it finally exploded upwards.

However in 2015 it was worst. It peaked in late 2013 and 2014 was a bear market which bottomed in Jan 2015 and then for most of the year it traded sideways. Many just quit crypto out of pure boredom. And who knows 2023 might be exactly the same.

We just had like 10 days of up market then suddenly people are this bullish already. Probably calm down a bit with the over-bullishness lmao.

my best guess is that there is 4-6months of sub 20K
fantastic time to DCA.

There is indeed a little recovery seen for the past day or two. The $17,000 resistance was successfully broken. It seems Bitcoin is holding on to it for hours already. But there is no guarantee that this is a sign that Bitcoin is now going to recover. There is reason to believe that this could just be a bear trap. It is very possible that hours from now the price would just go back to the $16,000 level. But I couldn't care less. This is a bear season and this is a good time to stack more.

Alright folks, unless there is another major crypto company/protocol collapse, the bottom is almost certainly in and there is a good chance Bitcoin will start rising out of this bottom range in a few months.

So now is the time to accumulate if you haven't started yet!



Who's gonna be DCA'ing into Bitcoin this Winter and Spring while prices are still super low?

I managed to pick up 0.5 BTC last year but I started a bit early before LUNA even collapsed so I had an average buy-in in the $24,000s.
But now Bitcoin has been sitting solidly in the mid-teens for a while so super cheap Bitcoin is ripe for the picking!

I just picked up 0.1 BTC today with my trading profits during these first nine days of the year.
Hoping to add well more than 0.5 BTC to my long term stash by the end of the year. My goal is to add 1 BTC total between 2023 and 2024 before the bull market really starts cooking again.

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?