Topic: Buy more Bitcoin when downward - page 4. (Read 1364 times)

But still though, at $60,000 right now, that is still a good buy for those who have the money right now. But it's good if we don't have the capital, who knows, as you have said, the price could tank a bit lower again and hit $55,000.

The thing with this market is that it's very unpredictable and so we have to take advantage of what the market will give to us. And one advantage as well as I have said is that if you have the money, that that golden opportunity as it might or might not presented itself again. And this is very much applicable to us average joe because we are at a disadvantage from this whale and so grab that one time opportunity and just have patience to hold it for a long time.

That is what should be done but unfortunately, it is hard to learn where the bottom. By the time the price goes up, they will also think it's just a bull trap and it's going down after. With this going over and over it's hard to see where the market is going since users don't zoom out to really see the price in the long time frame.

While this going down is may also be hard to speculate whether price will continue to go down as people are expecting bullrun a few months after halving.

I'm being discouraged to say that Bitcoin will hit $100,000 anymore in 2025. Initially, I thought the coin could hit $150,000 easily by that time based on the hype around it and for not leaning only on my investment experience but base it on how the coin had performed in the past. But this is changing and whether or not it will hit $100,000, I will solely let my technical chart guide me as I've never been wrong with it before when it comes to the true investment guide.

As for the market speculation of buying low, this is a good idea, but it is only when the market has bottomed already or returning up. Has Bitcoin bottomed already or returning up? That's what you should be asking yourself so that you can decide right. And if you ask me the same question, I will tell you No. The market is still extremely bearish and the breaching of the TrendMagin level of $62,120 is another discouragement to buy the coin for now.

The truth is that Bitcoin lacks liquidity inflow and the price action on the weekly chart has returned to be bearish which is a very huge discouragement. Anyone buying now is only wasting their money regardless of what tells them to buy as the overall outlook is extremely bearish. Why not wait until the whole situation changes to favour the bullish path?

for those interested in buying to hold for a long time, they may set a limit order to buy at dip which we are expecting anytime before the end of the third quarter of the year, for now, we can still manage to see many price action from the way of the recent market performance and bitcoin could go more bullish than expected before the end of this month while before the end of the Q3 may go dipper as low as $50,000 as some have already suggested.

This is not easy because what we "believe" is not what others believe. Sure, I do believe that we are going to be able to profit a lot when the price goes up, so buying right now is a no brainer for me too. However, how are you going to convince other people that the same will happen?

I mean if someone came to you and told you how do you know that the price will go up, and ask you to reimburse them if the price doesn't go up in a year, would you be able to do that? Of course not, we just believe what we believe and I am willing to put all my money into it, but at the same time I am not going to try to convince anyone else to believe the same thing. If they do not want to, and they want to get out, it's their decision to do whatever they want.

This is actually true and these are the common questions that you do have in mind on the moment that Bitcoin would drop its price.

1. What if it would go down further?
2. What if there would really be some following negative news that comes next?
3. What if this isnt the bottom?
4. What if this is just a bear trap?

For sure you would really be having those questions in mind on the moment that you would really be taking up some possible action
in regarding into your position. This is why it would really be that hard to make out such action even if you do know that this is something
a good time for you to accumulate more, but with those questions above then it will really be that stopping you on doing so.

So it would really be that a matter of decision whether you would really be pushing through or would really be that waiting even more
to accumulate or make some dca or buybacks.

On the moment that you do step your foot into this market then you should really be that making yourself that getting used to on how this market behaves and on how this market will really be that
moving because on the moment that you wont really be wary about its behavior and you are expecting something which it would really be that easy on dealing with then when market do make out some shifts
whether going down or upwards then it would really be always important that you should really know on what you should gonna do and not really just that making steps without having those
main consideration on which we know that it would really be that important that you should really know on what you are doing.

There are really just that those individuals who are really that delusional when it comes to this manner and on the moment that they've seen that they've been struggling on how to deal up
with this space then they would really be just that tending to learn and adjust. Some can bare up with the risks and some cant really just do such thing.
So it would really be something that situational since not all would really be  that good on dealing up with market volatility.

Not only sometimes, but it is more inaccurate when there are many price predictions that point to Bitcoin because every price prediction can always be right on target for the Bitcoin price. Of course everyone can have the opportunity to become rich because there will be many investors who want to use their capital to buy Bitcoin at the current price. Although at this time there are also quite a few investors who are taking advantage of the opportunity to buy Bitcoin at a price of $60K even though there were inaccurate predictions at the previous 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.

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.

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.

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.

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.

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.

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.There is no expected good news to come, and no big event scheduled for Bitcoin. While big profits are yet to be taken. In addition Mt Gox distribution is expected to happen in the coming months.

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.

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.

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.

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.

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.

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.

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.