Topic: Buy more Bitcoin when downward - page 3. (Read 1394 times)

20% in 30 days is not a slight down but the same is true if he compares bitcoin's correction with altcoins. As we all see bitcoin is only down 20% in 30 days but many altcoins are down 60%-70% in the last few days and that is actually a much more severe drop. This further shows the harshness of the market as well as the enormous risk when someone chooses to invest in altcoins.

Buying more BTC when the price drops is no longer strange to all of us but we need to balance our budget. What I see is that many people are starting to be subjective because they think this is the last correction before the bull season comes and they are entertaining the idea of ​​borrowing money to invest more in bitcoin. This is really too risky and not recommended.

Buying more Bitcoin in conditions of falling prices like now can indeed be quite the right option to do and I have also often taken advantage of conditions like this in the past when Bitcoin prices started to fall in the market. Currently there are several facts that have caused the price of Bitcoin to fall so that from these facts everyone can take good steps as the best moment to continue buying Bitcoin before the price returns to $60K or more. Because currently the Bitcoin price range is still at $56K so it is quite suitable to be used as a buying price.

Before deciding to take advantage of the downturn, of course we must first prepare funds that we can use to accumulate Bitcoin because if we don't have a budget, of course it is impossible for us to accumulate these assets and if indeed we still force ourselves to accumulate, however It could be that we need these funds so we have to take them under any circumstances. Of course this is very detrimental if the price has not recovered and it would be better for us to have funds that we are ready to hold for a long period of time if we really want to accumulate Bitcoin now so that we don't just runs for a while then we have to sell again at a loss.

Of course accumulation is the right advice, but I agree about what can you do if you don't have a budget? Accumulation basically requires a budget that varies greatly depending on how much you want, but I wouldn't necessarily say one needs to be forced to accumulate. Bitcoin certainly has lower risk than altcoins, but if you really want to accumulate, then consider DCA too.

Based on existing data on coingecko, the price of bitcoin has fallen by 3% in 24 hours (as I write), while the decline has reached 6.4% in 7 days, 11.5% in 14 days and 20.2% in 30 days. How can you describe it as a slight down? For me, this is quite a big down, especially in the last 30 days where you have lost 20% of your total asset value due to the decline compared to the previous 30 days.

Maybe it's not your problem to know whether the person you are advising has the budget to carry out accumulation or not, but what is certain is that accumulation in current market conditions is recommended, especially for those who are able to do it. Rebuilding the portfolio by accumulating more bitcoin is a good advice, but it should only be done by those who have the budget and believe in the recovery potential in the long term.

Even though the price of Bitcoin is currently slightly down, you should be in a buying trend because the bull run is imminent. You should make the most of these dips and buy more bitcoin as you see your investment stronger. You keep increasing the amount of bitcoin stack that can fetch higher value in the future. Basically, you can increase the size of your Bitcoin portfolio through proper timing. Lots of buying and holding on dips.

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

Well, you have a point, but at the same time, this is more reason why you need to sharpen your analytical expertise for brighter speculation. Like what my brother and I were arguing about this week, I claimed that trading and investment are simple to me, while investment is even simpler. He never believed but was arguing that they were so tough and risky and started quoting what the dictionary and AI were saying concerning them. I laughed, do you know why? This person talking has not given time to learn how to trade/invest professionally but arguing with someone who has dedicated 20 years of his life to it. Even if it is generally said that trading and investment are hard, will it be in the same measure for everyone? Experience matters, that is the difference here.

"Practice makes perfect," but as we can't be perfect, we should try to build ourselves towards it. The same goes for trading/investment, everything is achievable better than others, and it is all about practice.

Back to the contact, of course, you may not know the exact levels (bottom), but surely, you can know the approximate level. It may sound like a lie, but I know all the moves of the market with very few errors while trading/investing, so I know it's possible. I have a very high level of accuracy and this is even higher in investment. But this can be strange to many, regardless, it is what it is.

I hope you understand. The gist in summary is that there will always be a better trader/investor coming out of you if you rather train than complain it is not possible

You have to enter at the right time too, if we use the DCA technique we also have to be astute in seeing opportunities to enter and have to understand the market situation.
For example, like now, a big decline is happening, of course this is the time that a handful of people are waiting to be able to buy Bitcoin.
And indeed, for now I quite agree that Bitcoin must continue to be collected for the future because the percentage of Bitcoin prices that will soar high in the future is quite large so we have to prepare for it to take a lot of profits.

I agree with you, always remember that there is no perfect entry when you are investing especially in Bitcoin as we all know the volatility and surprises on Bitcoin market, it could dump or pump huge percentage in just short period of time.
My experience was DCA also, multiple times I keep buying before.

If the price of our investment is as expected, the profit will not be a problem for everyone to enjoy the results of their investment. On the contrary, I don't want to sell it yet and continue to accumulate and sell at the beginning of next year. I think for the current price, I think it's quite good for us to take or invest, as I know, no one is perfect in predicting prices in the market. If you delay, of course you will lose the downward momentum this month. Yes, of course we will definitely use the DCA technique. it's better because we will get the best average price for the assets we own.

In this context I would say that after every halving the Bitcoin market starts to rise. It may take some time for that rise to begin. But the bottom line is that as miners' rewards are cut in half and Bitcoin circulation decreases, the Bitcoin price will definitely increase. But those who rely on the idea that the bull run will only happen after Halving will face losses for the time being. And those who see this dip in Bitcoin as a buying opportunity will definitely be profitable. Each dip is an opportunity, especially for those looking to make a long-term investment in Bitcoin.

By the end of 2024 we will start to see the effects of Halving. And if somehow it is delayed then by 2025 we will definitely see a higher bullish trend in Bitcoin which could be 100k or more.

Now the price of bitcoin is falling and this is the best opportunity to accumulate in larger amounts. If you buy in a downturn like now, for the short-term pattern you can still make a profit. For example, if the current price is around $ 57K and if you wait for the next price increase, we can still make a profit by taking advantage of the next increase approaching the price of $ 60K. Now is the right moment to make a big accumulation and if we have a large capital, this is a pretty good step to buy.

DCA can be used at any time for long-term or short-term investment processes as long as we can hold the bitcoin. This strategy is more about maximizing when you don't have a large capital to accumulate. DCA can be useful in any condition but the concept can be held for the long term.

Many people expected Bitcoin reach $100k this year. But we can't be sure that will happens this year or next year because there is no sign about that. We can only predicted and expected without knowing the truth.

With the current situation, we are given a chance to buy more at this price or lower price. That is what we must do so we have more Bitcoin and then we can wait for the time for Bitcoin price increase. You don't have to just waits for more dips because we never knows when the dips will ends.

I suggest you keep buying Bitcoin while there is a chance. You can manage your money to buy at any low price and hold it. If Bitcoin price still needs more time to increase, that still worth to holds it until we can see the high price to sell Bitcoin.

You can spread Bitcoins over your portfolio over the long term which will continue to grow in size over time. Buying more in a downtrend can earn you extra so don't panic and hold bitcoin. Bitcoin investment short-term trend is more risky which is more clearly understood in the current bearish market conditions. It is impossible to have an exact idea of ​​the value of Bitcoin but you should not panic so you should continue to deposit with the DCA method. In the current price scenario it is on a downward trend which can be a source of frustration for the common investor but you have to remember that no matter how much the price of Bitcoin dips it is capable of recovering its value and it will happen again. So you should focus on holding Bitcoin.

Are you serious calling a new ATH a downward trend, that's really hilarious bro, anyone who is buying now for the short term is already at lose cause there isn't any guarantee that bitcoin would exceed 100k this bull run, so I recommend a long term approach and using the DCA method at this point so you would be at a better position to later decrease your total buying average.

Now the decline in Bitcoin prices is starting to appear again with a slightly higher percentage than at the end of last month, so this could indeed be a quite appropriate option to buy again like you did. Because people who are still willing to buy Bitcoin when the price is falling are people who still quite believe in Bitcoin. And also knowing that this is part of a strategy to be able to get Bitcoin at a low price and release it again at a more appropriate time or when the price spike is visible in Bitcoin again.

Every investment must have a target, what you are doing is correct and after getting a profit from the investment you have made, there is no harm in trying again with a different plan.

Currently the price of Bitcoin is falling slowly, and if you want or have a plan to invest long term I think this is a very good time to enter/buy.

Currently I am trying to increase my assets, I am slowly buying when I have extra money that is not used, I predict that the price of Bitcoin in the future will be quite high so there is a possibility that there will be big profits that we can get.

more than 260 million dollars got liquidated just within 24 hours, the people that long with high leverage are having hard time, reminds me why spot trading is the best for the sake of safety.


though I expect the price to recover after sudden dump to $58k, already prepared to DCA from here on, despite people saying that bitcoin could go as low as $50k by the month's end.

probably the correction to sub $58k already starting right now, so many people starting short positions to get advantage of the market while there long positions are squeezed but overall current price correction only bad for people who long using high leverage. but I guess current price still good for long term DCA.

From my own experienced, a few months ago, I already hit my target on Bitcoin and I sold some of my Bitcoins and altcoins.
But I still own some, it does not mean I will not buy again, it's because it's my technical analysis and since I am investing - I just took profit.

To answer your question based only my own opinion, I am still not buying for now.