Buy more Bitcoin when downward | Bitcointalksearch.org

NicNacCoin

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Quote from: simonnn on June 24, 2024, 04:06:48 AM

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.

https://www.coindesk.com/markets/2024/06/21/bitcoin-options-market-isnt-buying-btc-price-weakness-shows-bias-for-100k-calls/

Looking at the current market situation, it is not possible to make an accurate estimate in which direction the market will go. But if you are preparing to invest then I would say to continue investing using DCA method instead of waiting for dips because if you wait for the market to dip more but if the market goes up from here instead of dumping then you will only regret it on the other side. If you invest from instant market right now then you will regret more if the market goes down again so if you have $1000 then you can invest $300 to $400 instant and keep the remaining $600 and You can buy step by step when the market goes down so you can get the most success. However, in 2025 the market will go through a good phase and the market growth will start from 2024 onwards. So it depends on you whether you invest or not.

Nothingtodo

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Bitcoin price has been going down for more than two months so now is the time to invest in Bitcoin for those who haven't been able to invest in Bitcoin. Currently, Bitcoin is standing at $58,000, meaning if Bitcoin falls to $52,000, as it happened a few weeks ago, anyone who has invested in this case is now in profit. Therefore, when Bitcoin undergoes a major price correction, it is possible to profit from investing in Bitcoin.

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Quote from: laijsica on August 03, 2024, 12:46:38 AM

This would be a poor consideration. Bitcoin's price can be volatile which helps diversify the investment strategy for some investors. Considering your valuable assets, it may be easier to choose holdings than simply through equity. A downtrend suggests more buying to increase the stack but it is not appropriate for you to panic.

A downtrend is a trend to test the patience of everyone except for those who take advantage of the trend to enter the market and buy again in larger quantities. And I think what you said is actually not wrong because in any trend condition, everyone should not panic so that from every condition we face, we can still see a new opportunity to be utilized properly because the goal is not to lose and can profit from the condition. And now it is still in a condition that is not much different from the previous few days because Bitcoin itself is still below $60K.

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Quote from: Out of mind on August 11, 2024, 10:54:28 PM

If you tend to invest in Bitcoin, then you should always keep an eye on when the market position is going down. Invest when the market is going down, but you should use DCA while investing, it will help you reduce the risk. If you sell on hype by making deep investment then of course you can make a lot of profit in a short period of time, but always you have to invest with patience. And if you plan to invest for a long time then definitely you should save some money to invest as a table which you can invest in weeks or months where your capital will be good. If you can buy a good fraction of bitcoins, then you can definitely earn well in the future, so you should plan for the long term. Long term investment always gives people high hopes so if you invest and hold it will give you good returns.

Investing in a downturn will certainly be very good to be able to get profit when the price goes up again, but we never know exactly how far the decline will occur, but by using the DCA method as you have mentioned we can collect at all prices and we can do it consistently to be able to make a profit when the price goes up again.

It is true that choosing to maintain Bitcoin investment in the long term will always provide benefits that we will get from Bitcoin, but we must have good planning in order to maintain the asset properly and also the funds that we use to invest will not be needed in the near future, because if we do not have funds that can be maintained in the long term, of course, then we may need the funds and have to take them at a loss.

rhodelmabanal

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Quote from: simonnn on June 24, 2024, 04:06:48 AM

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.

https://www.coindesk.com/markets/2024/06/21/bitcoin-options-market-isnt-buying-btc-price-weakness-shows-bias-for-100k-calls/

Its not about simple buying or selling, the market is always moving not only for today but also from the past and in the future because bitcoin is a decentralized coin and no one can control it.buying is very simple its just a simple click on some crypto exchange and then you got the coin, the hard thing is to hold or the correct timing of selling even if we buy at the high price if we can hold and then wait for more higher price we can still earn profit, the problem is most of the investors specially the newbie investors will always have a fear to hold during bear season and then they sell at loss and end up lossing.

JeffBrad12

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as long as it's below $58k level it's a good buy at current prices.

I might be wrong but I won't expect current price to be going down to the level of sub $55k again, many people actually trying to buy at that level but we all know such people are the same people who keep telling us that they gonna buy at the level of $51k but they didn't.

of course there's still possibility that the news about war will affect the market but overall I think BTC has been quite strong in holding the price from falling too far, the sudden recovery means there are people ready to long on BTC.

LUCKMCFLY

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Always under any criteria it will be good to buy Bitcoin, it may go down a lot as has been happening, but this is an opportunity, many people who have bitcoin and when the price goes down panic and some sell, but it is because they get carried away by emotions, bitcoin is safe money, it is money that will multiply, so you don't have to think about it too much, you should buy it, if you buy and it goes down in price then it doesn't matter, you have to see it as an opportunity to have more bitcoin for less money, that is how you have to see it.

Out of mind

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If you tend to invest in Bitcoin, then you should always keep an eye on when the market position is going down. Invest when the market is going down, but you should use DCA while investing, it will help you reduce the risk. If you sell on hype by making deep investment then of course you can make a lot of profit in a short period of time, but always you have to invest with patience. And if you plan to invest for a long time then definitely you should save some money to invest as a table which you can invest in weeks or months where your capital will be good. If you can buy a good fraction of bitcoins, then you can definitely earn well in the future, so you should plan for the long term. Long term investment always gives people high hopes so if you invest and hold it will give you good returns.

tabas

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Quote from: OgNasty on August 01, 2024, 04:43:20 PM

Looks like Saylor is on team buy no matter what. Announcing another $2,000,000,000 buy for MSTR. That should go a long way towards clearing out the overhang of BTC being dumped on the market. He’s definitely getting into gambling territory with his losses per share accelerating and Bitcoin leverage increasing.

He'd definitely not going to let it pass that bitcoin is currently at $61,500. Certainly a huge bargain for him and this is what he's waiting for. One of the moments that him and MSTR awaits to see before they buy again and stack for some more BTC on their hand.

Quote from: laijsica on August 03, 2024, 12:46:38 AM

A downtrend suggests more buying to increase the stack but it is not appropriate for you to panic.

Can't stop those that have panic and anxiety when the market seems to be on a correction. Just like what's happening right now, it's likely that many holders are in panic right now and most of these are newbies. But the actual holders that are for the long term, we're all chill and this is part of the market before it skyrockets like there's no tomorrow.

laijsica

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Quote from: Tmoonz on August 01, 2024, 02:23:09 PM

Quote from: Jawhead999 on June 24, 2024, 09:47:11 AM

Buy more Bitcoin when downward if you have unused money.
If you don't have unused money, just hold your coins.

But, the reality is opposite, people scared to accumulate Bitcoin because they believe Bitcoin price will continue to drop and people who have Bitcoin choose to sell their coins because they don't want to loss more.

Although the future isn't always same like the past history, but there are no asset that better than Bitcoin right now.

You have made a great point and I completely agree with you on this because most one can get carried away by such orientation of buying more Bitcoin on the downward trend and fall a victim of using the money that is meant for their daily expenses and buy Bitcoin which seems to be very risky and more like gambling with your investment where by such doing one can end up selling too soon to solve personal expenses when you supposed to be accumulating, buying more Bitcoin when in downward trend should for those who has made a proper planning for it rather than being hesitant to do that, perhaps the DCA strategy gives such opportunity of buying in different price but should be apparently within your available money that is ready for investment.

This would be a poor consideration. Bitcoin's price can be volatile which helps diversify the investment strategy for some investors. Considering your valuable assets, it may be easier to choose holdings than simply through equity. A downtrend suggests more buying to increase the stack but it is not appropriate for you to panic.

OgNasty

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Looks like Saylor is on team buy no matter what. Announcing another $2,000,000,000 buy for MSTR. That should go a long way towards clearing out the overhang of BTC being dumped on the market. He’s definitely getting into gambling territory with his losses per share accelerating and Bitcoin leverage increasing.

Tmoonz

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Quote from: Jawhead999 on June 24, 2024, 09:47:11 AM

Buy more Bitcoin when downward if you have unused money.
If you don't have unused money, just hold your coins.

But, the reality is opposite, people scared to accumulate Bitcoin because they believe Bitcoin price will continue to drop and people who have Bitcoin choose to sell their coins because they don't want to loss more.

Although the future isn't always same like the past history, but there are no asset that better than Bitcoin right now.

You have made a great point and I completely agree with you on this because most one can get carried away by such orientation of buying more Bitcoin on the downward trend and fall a victim of using the money that is meant for their daily expenses and buy Bitcoin which seems to be very risky and more like gambling with your investment where by such doing one can end up selling too soon to solve personal expenses when you supposed to be accumulating, buying more Bitcoin when in downward trend should for those who has made a proper planning for it rather than being hesitant to do that, perhaps the DCA strategy gives such opportunity of buying in different price but should be apparently within your available money that is ready for investment.

Xcode7

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Quote from: shinratensei_ on July 31, 2024, 10:16:54 PM

Quote from: Dunamisx on July 17, 2024, 02:16:13 PM

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

retracement is pretty common after sudden recovery, keep in mind that bitcoin went back from sub $65k to breaking through $70k within a day, if there's no retracement at all it's gonna be strange but moving forward if you see more breakthrough of $70k in the following weeks it could mean BTC gonna have big rally in my opinion because a resistance that gets broken many time will become weak.

however, as long as you stick with your DCA strategy then it gonna works out, i always consider BTC to be that kind of investment where investing is simple, you just keep putting money at the right time and it will grow on its own.

The fast-moving market situation is indeed quite difficult to predict, what happened in the last few weeks was a reciprocal of the previous decline and what happened was a more significant increase in a short time.
I agree that using the DCA strategy is the most effective for future investment, regardless of the price when we buy, but when there is a correction we must be ready to increase investment.
And that's just for future investment.

shinratensei_

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Quote from: Dunamisx on July 17, 2024, 02:16:13 PM

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

retracement is pretty common after sudden recovery, keep in mind that bitcoin went back from sub $65k to breaking through $70k within a day, if there's no retracement at all it's gonna be strange but moving forward if you see more breakthrough of $70k in the following weeks it could mean BTC gonna have big rally in my opinion because a resistance that gets broken many time will become weak.

however, as long as you stick with your DCA strategy then it gonna works out, i always consider BTC to be that kind of investment where investing is simple, you just keep putting money at the right time and it will grow on its own.

STT

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We are on a downward streak now, the BTC price lost the weekly average and after meeting the 2 day average its reacted to it as a ceiling. We've failed to keep the 24th lows which I think means we complete a double peak on a fairly small scale. My target downside would simply be the 50 day average, thats not a certain level exactly often the reaction around a commonly observed area such as 50 or 200 day MA is a good call for ongoing strength.

A sell off from the 70k area has become normal, so common now I wouldnt call this out as especially weak its just by the program at this point. Have to judge it after that sell for whether price will continue to weaken or reattempt higher, it was looking very nice till just recently as every low was a bit higher. We are still capped in BTC price action range.

GIF-JOBS

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Quote from: laijsica on July 30, 2024, 01:50:53 AM

Quote from: JeffBrad12 on July 29, 2024, 08:22:38 PM

Quote from: Dunamisx on July 17, 2024, 02:16:13 PM

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

having wider timeframe always works for long term holder, never look at 15m 5m chart is the way because these charts full of price swings.

current market is uncertain, fear and greed index is ever changing literally few weeks ago it was fear, now it's greed. so yes, DCA is the way.

but since the recent price action pretty much shows that market still in greed despite pullback after breaking resistance at $70k, i'm still confident with the market.

so buying the dip might still work this time around.

Of course. Bitcoin market is fairly reflective of the confidence investors are enticing to stash. Excessive greed in bullish trends can divert investors from excess profits. Keeping your DCA running and depositing Bitcoins regularly regardless of the long-term value.

We are on the verge of another ATH which should be considered as the primary target and for our further holding. Considering the uncertain market, Bitcoin stash for you suggests a growing trend that could increase the price to $100k potentially within this year.

Bitcoin price has many trends to go to 100k by the end of this year. Since we're getting past the halving, there's a lot of big opportunity to be a bull very soon, and that bull has a chance to cross 100k. So it is very important to keep DCA running at this time. You should buy as much as possible, and increase your investment portfolio, only then you can make good profit during the bull season. So keep DCA and keep hold bitcoin. And make sure you invest that money, so that you don't have to rely on your holdings in any need or emergency, because if the investment is not long-term, there may be losses.

laijsica

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Quote from: JeffBrad12 on July 29, 2024, 08:22:38 PM

Quote from: Dunamisx on July 17, 2024, 02:16:13 PM

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

having wider timeframe always works for long term holder, never look at 15m 5m chart is the way because these charts full of price swings.

current market is uncertain, fear and greed index is ever changing literally few weeks ago it was fear, now it's greed. so yes, DCA is the way.

but since the recent price action pretty much shows that market still in greed despite pullback after breaking resistance at $70k, i'm still confident with the market.

so buying the dip might still work this time around.

Of course. Bitcoin market is fairly reflective of the confidence investors are enticing to stash. Excessive greed in bullish trends can divert investors from excess profits. Keeping your DCA running and depositing Bitcoins regularly regardless of the long-term value.

We are on the verge of another ATH which should be considered as the primary target and for our further holding. Considering the uncertain market, Bitcoin stash for you suggests a growing trend that could increase the price to $100k potentially within this year.

JeffBrad12

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Quote from: Dunamisx on July 17, 2024, 02:16:13 PM

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

having wider timeframe always works for long term holder, never look at 15m 5m chart is the way because these charts full of price swings.

current market is uncertain, fear and greed index is ever changing literally few weeks ago it was fear, now it's greed. so yes, DCA is the way.

but since the recent price action pretty much shows that market still in greed despite pullback after breaking resistance at $70k, i'm still confident with the market.

so buying the dip might still work this time around.

Farma

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Quote from: wxa7115 on July 28, 2024, 08:13:05 PM

This is the right frame of mind, very often people get mad when there is a bear market and they are happy when there is a bull market, however both market conditions offer you some options.

Obviously the bull market gives you profits and multiply the fiat that you invested, but the bear marker offers you the possibility to buy bitcoin for a price lower than its average for a whole year or even a longer period of time, which is great as this allows you to obtain even greater profits when the bull market finally appears.

When a person is still angry when they see the market conditions that are sluggish, they may not use the funds that they are ready to invest and they are able to hold on for a long period of time, but they hope to be able to make a quick profit on the investment they make and it is not according to their wishes so they feel disappointed.
When choosing to use this opportunity to collect Bitcoin, of course we must first have funds that we will be able to withstand in the long term and if we do have funds that we are ready to use to invest, of course this will give us greater profits because we have bought it when market conditions are declining.

asriloni

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Quote from: Dunamisx on July 17, 2024, 02:16:13 PM

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

I'm still feeling bullish with the bitcoin. I see no signs of a bearish trend. We moved down to 54k, and that's probably the last downside for bitcoin. There are also more positive sentiments coming toward bitcoin came from US.

Also, a positive trend is happening with the Bitcoin ETF. Some institutional investors, like Blackrock, keep acquiring more bitcoin.

We may not see a big correction before bitcoin hits 70k. In the best case, bitcoin keeps rising to break new ATH.

Topic: Buy more Bitcoin when downward (Read 1394 times)