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Topic: Buy more Bitcoin when downward (Read 412 times)

sr. member
Activity: 518
Merit: 261
Today at 11:14:29 AM
#49
To be honest, I don't think it will stay above 60k during this summer. So I think it's better to wait for 55k or even 50k if you can wait several months. Because I think it will touch 50k before the end of the year
Predicting the price of Bitcoin may not be accurate at times, but if your guess is correct, investors will have to wait longer for the bearish trend. Again your guess may not be correct and bull run may be in process but buying at $60k may be the best decision for you. You should always be on a Bitcoin buying trend like DCA. Whether the value of Bitcoin is low or high, DCA has a huge horizon for you to deposit Bitcoins. Continue your stashing for a long time.
It's best not to delay buying bitcoin at the current price, delaying will make you miss the best moment when the decline occurs. Yes, by purchasing the dca technique we will get the best average price for the investment assets we own. It's best not to expect too much or trust an influencer that they are essentially just making predictions. Of course, their predictions could be wrong and no one is truly perfect in analyzing the market.
full member
Activity: 784
Merit: 115
Many people predict Bitcoin price can touch more than $100 but they don't knows when that will happens. They can still buy more Bitcoin but they don't have to buy all at once. They can split their money to buy in many low price and that will be good for them because they can gets more satoshis. You can buy more satoshis in many dips and holds it until the price increase.

Many people still buy at a low price and waiting for the rise of the Bitcoin price. If the price is not increase in this year, they will have more chance to buy more satoshis and still waits for the time for the price to increase. Many investors still buy more satoshis because they knows that in the dips like now gives them benefits to buy more satoshis.
member
Activity: 126
Merit: 93
Eloncoin.org - Mars, here we come!
To be honest, I don't think it will stay above 60k during this summer. So I think it's better to wait for 55k or even 50k if you can wait several months. Because I think it will touch 50k before the end of the year
Predicting the price of Bitcoin may not be accurate at times, but if your guess is correct, investors will have to wait longer for the bearish trend. Again your guess may not be correct and bull run may be in process but buying at $60k may be the best decision for you. You should always be on a Bitcoin buying trend like DCA. Whether the value of Bitcoin is low or high, DCA has a huge horizon for you to deposit Bitcoins. Continue your stashing for a long time.
full member
Activity: 196
Merit: 115
June 28, 2024, 06:18:32 PM
#46
To be honest, I don't think it will stay above 60k during this summer. So I think it's better to wait for 55k or even 50k if you can wait several months. Because I think it will touch 50k before the end of the year
That's what you think. But I think differently here and I am convinced that it will be above 60k before the end of summer. Also, I don't think it will go deeper than this.

Meanwhile, your speculation seems to be a bit weird and very uncertain. Do you mean Bitcoin will be in the range of 50k by December? If so that's very poor because most persons are expecting it to be 100k plus.
hero member
Activity: 1932
Merit: 622
June 28, 2024, 05:43:01 PM
#45
As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?
Because no one can predict 100% where the price of Bitcoin will go, we also don't know for sure whether Bitcoin will dip much further or not in the future. It's just that the step by step purchase was quite successful. At least we don't go all in on our free money at once, just in case there is another price drop. especially if the trend direction is still quite bad in the market. So, it could be an estimate to wait for the price to drop a little more. Yes indeed, when the market turns down, the most important thing is that we have the capital to buy it at a time when prices tend to drop more.

To be honest, I don't think it will stay above 60k during this summer. So I think it's better to wait for 55k or even 50k if you can wait several months. Because I think it will touch 50k before the end of the year
it's interesting.
It's best if I start paying for free money in preparation for prices dropping quite like that. Even though it might not reach the $50k mark, if it can reach just under $55k, that would be pretty good. Yes, at least as capital to be able to get higher results when the bullish era actually occurs. Here, financial management must be set as well and wisely as possible so that we can distribute our money to invest in what we want.
legendary
Activity: 2604
Merit: 2353
June 28, 2024, 04:34:24 PM
#44
To be honest, I don't think it will stay above 60k during this summer. So I think it's better to wait for 55k or even 50k if you can wait several months. Because I think it will touch 50k before the end of the year
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
June 28, 2024, 03:45:12 PM
#43
Buy on the dip is always a major discussion even in several other threads such as Buy Buy Buy or Sell Sell Sell?  or Buy the DIP, and HODL! This is always a discussion every day but in the end we have to realize that this needs a condition that is indeed a certainty because after all when saying buy on the dip then we have to know what bitcoin will be at what number and this is clearly difficult when we don't do anything and just bet on instinct.

Indeed, buying on the dip is not a mistake because this is one of the good schemes for buying bitcoin but in the end there are also ways that are more comfortable to do such as DCA which is always a fitting comparison and maybe even this strategy is more suitable for those beginners.

Apart from that, the most important thing for now is that regardless of how the scheme is carried out, it is still possible and very good to buy bitcoin so don't waste opportunities like this before regretting it in the future.
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
June 28, 2024, 03:43:53 PM
#42
Doing the opposite of the majority can work out great for you. When charts show downtrend it doesn't mean people are just selling. It just means there's a bit more sellers than buyers, but it's not like 100-1, more like 40 out of 100 people are buyers now. This is still a very strong and healthy reaction of the market. Sure, more people sell, but there are buyers for every coin at that given level. If you decide to dump bitcoin at 61k, there are people waiting to get it at that price, don't forget about that.
hero member
Activity: 1540
Merit: 772
June 28, 2024, 03:24:15 PM
#41
As new investors we expected Bitcoin to touch $100k this year but it is My question is should we continue buying now given the value of Bitcoin?
If you have the financial ability that has been set according to the allocation, I think it is not wrong to buy now because the current market condition is in a down phase when compared to the price of 73k USD and above. Apart from that, we still believe that the current downturn will end so we will get a big profit when the price increase starts later.

How fruitful is the initial target for Bitcoin holding until 2025?
If I understand your point well, then if in 2025 a new ATH occurs, without a doubt to say that the big target will be achieved.
hero member
Activity: 1554
Merit: 877
June 28, 2024, 10:16:31 AM
#40
You would really be able to see the relevance when you have a USDT which is really that reserve for this moment on the time that the market will really be having its correction.
Honestly, when the market would really be making out such correction or dip then it would really be just that so hard for you to make out such consideration on taking up some buybacks or DCA.
Why? the main issue on here is on your own mind and emotions on which you would really be thinking that you would be needing to chase up with with bottom. This is why people would really be
that missing out those good entry just because they would really be hindering out on the moment that the market will really be making up such correction.

Market cant really be just that only having that one path to take or movement to have on which it would really be just that normal with those ups and downs.
It couldnt really be moving on just one path because that wont really be called a market in the first place if it would be just like that.
That's why we have to have a reserve fund if we want to do a big accumulation when the bitcoin price is going to drop sharply. The DCA pattern can be applied at any time to do accumulation and people can make a certain period according to the capital capacity that they have. For example, creating a purchase opportunity every week and month, then this can be done consistently to buy bitcoin according to the DCA strategy that has been created. This step is taken so that you can still collect bitcoin even though you don't need to wait for a decline and the opportunity to collect will continue to be maximized.

The market is indeed quite volatile and difficult to predict, so we have to set a strategy so as not to miss the opportunity. If people do not have the ability to take advantage of it, it is difficult to accumulate because they usually panic when buying and continue to wait for a decline. So that the opportunity that is owned is missed and continues to say that they will wait for the next decline to buy.
hero member
Activity: 1344
Merit: 538
June 27, 2024, 10:33:42 PM
#39
As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?

The targets are not what is going to happen but just speculation and this should not make you invest or you will be depending on what other people are saying for you to make your investments. If you listen to podcasts about Bitcoin price and influencer talking about Bitcoin price in 2025, they will be predicting high numbers to happen but it is impossible because there is no way the price of Bitcoin can get to $1milliom right now. It can happen in the future but not in this bull market. A more realistic price is between $100,000 to $200,000 and that is my target therefore I'll keep buying until Bitcoin gets to that price then I can sell to take profits while I wait for some corrections that will lead us into the bear market to buy at a lower price.

But still though, we should really have a clear target when we are going to sell, at this point for sure we are all on the $100k boat or higher. And I think there is nothing wrong with making this kind of predictions. As for listening to podcast, depends on which influencer though, you could have more knowledge than him to be honest, so for me it's not worth to listen to them as just like you and me they are just making prediction base on what the current trend is and making wild and educated guess.

So it's better to do your own analysis of it and see how it goes. At least you will learn how to do TA and it could be beneficial to you in the end. It might be hard in the beginning, but that's where everyone here started until they became adopt on technical analysis.
legendary
Activity: 1302
Merit: 1018
Cashback 15%
June 27, 2024, 03:12:15 PM
#38
As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?

I value speculation when it comes to investing.
If you have money then we can buy bitcoin in a dip but there are still ways to accumulate even if we don't have much money to buy in large quantities. If the investment concept you are running is a long-term choice then buying bitcoin at the current price is not a problem because even if bitcoin falls in the future there will be a time when bitcoin will strengthen again at a much higher price. If you want a balance of purchases then we can use the DCA pattern to accumulate so that when there is a decline we can use spare money to buy in much larger amounts.

There is always speculation about bitcoin and this is why bitcoin can always give surprises, where the price can go up or down beyond predictions. But if we choose long-term investment, then buying bitcoin at any price is not a problem. Waiting for the price to drop is also not necessarily able to buy it because it is feared that when bitcoin goes down we do not have the money to buy it. It is better to use the DCA pattern to buy so that we can set the desired purchase amount according to the capital we have.
You would really be able to see the relevance when you have a USDT which is really that reserve for this moment on the time that the market will really be having its correction.
Honestly, when the market would really be making out such correction or dip then it would really be just that so hard for you to make out such consideration on taking up some buybacks or DCA.
Why? the main issue on here is on your own mind and emotions on which you would really be thinking that you would be needing to chase up with with bottom. This is why people would really be
that missing out those good entry just because they would really be hindering out on the moment that the market will really be making up such correction.

Market cant really be just that only having that one path to take or movement to have on which it would really be just that normal with those ups and downs.
It couldnt really be moving on just one path because that wont really be called a market in the first place if it would be just like that.
full member
Activity: 196
Merit: 201
June 27, 2024, 11:41:58 AM
#37
As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?

The targets are not what is going to happen but just speculation and this should not make you invest or you will be depending on what other people are saying for you to make your investments. If you listen to podcasts about Bitcoin price and influencer talking about Bitcoin price in 2025, they will be predicting high numbers to happen but it is impossible because there is no way the price of Bitcoin can get to $1milliom right now. It can happen in the future but not in this bull market. A more realistic price is between $100,000 to $200,000 and that is my target therefore I'll keep buying until Bitcoin gets to that price then I can sell to take profits while I wait for some corrections that will lead us into the bear market to buy at a lower price.
hero member
Activity: 1554
Merit: 877
June 27, 2024, 10:03:48 AM
#36
As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?

I value speculation when it comes to investing.
If you have money then we can buy bitcoin in a dip but there are still ways to accumulate even if we don't have much money to buy in large quantities. If the investment concept you are running is a long-term choice then buying bitcoin at the current price is not a problem because even if bitcoin falls in the future there will be a time when bitcoin will strengthen again at a much higher price. If you want a balance of purchases then we can use the DCA pattern to accumulate so that when there is a decline we can use spare money to buy in much larger amounts.

There is always speculation about bitcoin and this is why bitcoin can always give surprises, where the price can go up or down beyond predictions. But if we choose long-term investment, then buying bitcoin at any price is not a problem. Waiting for the price to drop is also not necessarily able to buy it because it is feared that when bitcoin goes down we do not have the money to buy it. It is better to use the DCA pattern to buy so that we can set the desired purchase amount according to the capital we have.
hero member
Activity: 518
Merit: 507
June 27, 2024, 09:49:10 AM
#35
As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?
The speculations going on about bitcoin crossing the $100k mark is not something that cannot be achieved within a few months. We are currently experiencing a downward trend when we are all expecting the bull run but it’s not the end of the year yet so there is no need to panic instead we have been presented with an opportunity to keep buying the dip and keep preparing for the soon to come bullish trend.

Since the bull is around the corner we should utilize this opportunity and keep buying at every dip we can buy and try not to exceed the limit you can afford.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
June 27, 2024, 07:41:02 AM
#34
As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?
I wish more people did this, it is obvious that we are not dealing with anything all that crazy, we should consider how to make some return when we can, and because of that we are dealing with something that is going to be easier, and should be fine. I think it is clear that we are seeing this type of issue rising more and more, and that is why things aren't that simple.

We need to make sure that we can make some returns, and for that to mean something we need to be more careful about it. I know that it is going to take some time, and I know that we are going to end up with a lot better result, we just need to make sure that we know what we are doing. If you buy when it is down like this, at near 62k or so, then I am sure that you will profit later on.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
June 27, 2024, 06:05:36 AM
#33
My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?





The entire market is expecting bitcoin to reach a new ATH or touch $100K by 2025 but none of us can guarantee or be sure about that. So if your plan is to just speculate, meaning you buy bitcoin now or maybe buy it at a lower price and expect to make a profit by 2025, that's very risky and uncertain.
Based on the cycle of previous years and if history repeats itself, your plan will be perfect, but history can also change, the bull season may come earlier, later or worse, it will not come. You should not ignore this scenario because anything can happen. That's why people prefer long-term investments in bitcoin rather than speculation.

Buying on dips or DCA will always be a great strategy but it only works when we invest long-term, it does not work for short-term or medium-term speculation.
hero member
Activity: 2702
Merit: 704
June 26, 2024, 11:42:17 PM
#32
This is a tough question. I think no one can tell exactly when we should start buying and also where should we start doing DCA. I myself started doing DCA at $65k and the DCA process is still ongoing for me but if it falls too low I will lose the amount I have and I will regret buying Bitcoin higher.

Looking at the current market situation it seems that the market will go down further and I have stopped doing DCA for a short time if the market goes down then I will start doing DCA again.

If the market goes above, it is also possible that we regret that we should have done something, so I have done a little bit and my advice is that you set a very small amount and start doing DCA. If the market goes down, you will have money to buy more and if the market goes up from here, you will not lose at all.
Maybe DCA is not for you? After all the whole point of DCA is to buy the assets you like at set intervals regardless of the price they have at the moment, if you have stopped buying bitcoin now that it is cheaper and it is the best possible moment to buy it, then by the time you resume implementing that strategy the price will be way more expensive.

Now I will admit that using a DCA strategy is counterintuitive, since it may not seem to make much sense that money could be made this way, but the evidence is very clear this is the case.
full member
Activity: 812
Merit: 210
June 26, 2024, 11:37:22 PM
#31
Buying in dips makes you gain great advantage in the market, no doubt for that. However, spending all your capital and putting all your eggs in a single basket makes it more risky on your part, knowing bitcoin investment do not give immediate profits but will take long term hodling first before you will see significant profits taking place.

In fact, you might lose at first before you experience those massive profits in bitcoin, that is if you end up panic selling because you have fears that bitcoin price will drop even more when price correction is taking place temporarily in the market.
Everyone will of course think as you said, of course we will be able to make a profit if we buy it when the price is decreasing and we will be able to make a profit when there is an increase and sell it, but we must be able to set limits so that we don't miss the opportunity to make a profit and if we choose to put all the funds we have in one place and we cannot hold them for a long period of time of course this will be detrimental to us when we need these funds and the price has not increased of course we have to take them and this could result in us experiencing losses or However, it is difficult for us to profit from this situation, so it would be better for us to invest funds according to our ability to survive for a long period of time to be able to look forward to profits and not experience disruption in holding the investment we make.
hero member
Activity: 2884
Merit: 620
June 26, 2024, 09:24:32 PM
#30
My question is should we continue buying now given the value of Bitcoin?
No doubt. Regardless of its price, if you have the plan for long term then you should keep on stacking up for yourself. No need for anyone's validation as long as you have that plan to have Bitcoin until that time comes for you to sell.

But are we going to sell all? not probably.

How fruitful is the initial target for Bitcoin holding until 2025?
We will never know but we're expecting it to be fruitful and better than 2021. So, don't doubt the numbers and the historical charts of Bitcoin.

Because as they say, "history repeats itself". And that's what we're believing to happen for 2025 as every halving, the next year that comes becomes bullish.
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