Buy more Bitcoin when downward - page 6.

YOSHIE

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

I value speculation when it comes to investing.

I'm sure that out there, we will find various speculations that have been discussed by many people, crypto/Bitcoin experts, investors and so on, indeed the method of buying when it's cheap/down is commonplace and definitely done by many Bitcoin users.

However, some speculation has collided with existing speculation, some think Bitcoin could reach the $100k level but not in 2025, maybe in the next two or three years, to be precise, the halving phenomenon will happen again, but others think $100k will happen in the following year, the point is that we respect all of that, whatever happens is of course all for the good of Bitcoin users.

But we can see, for now there is no clear point in the direction of Bitcoin's decline for a suitable price to buy in the long term, many are speculating that Bitcoin will fall even further, don't know when that will happen, maybe we will consider things that can be sure that Bitcoin has really found a bottom and we can take the next step.

yudi09

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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?

There are many people who always look forward to the moment of decline to buy, so quite a few people feel like why not wait when the price is below the price they bought at that time. Very often we hear regrets like that. If they are willing to learn it, there is a good pattern for them to implement so that cheap regrets like that change permanently.

Each person will feel certainty regarding the target of success with the strategy used. If it holds from January 2024, I think it will be profitable if the profit is meant as success.

retreat

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

My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?

If we talk about the value of Bitcoin, then when the price goes down we must be able to buy again, because the value of Bitcoin is not based on the current price - it is only based on market movements which can be up and down - but the value of Bitcoin is calculated based on with its potential and how its adoption will increase in the future. If you believe in the value of Bitcoin in the future, then buying now is not a bad decision, because you can accumulate and hold your Bitcoin until you can make a profit when the price rises later.

Dzwaafu11

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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?

For me, if I’m to invest in bitcoin, even the current price is enough to invest because it is already deep, and this deep is enough to invest in bitcoin. Because the price of bitcoin is unpredictable, you may think of waiting and later miss out on the opportunity of the time you are supposed to invest in it because the price may rise at any time.

However, asking if you should continue will be kind of hard for people to answer you here because the risk and how the market works matter a lot, and that’s why people do not want to advise newcomers to invest or not; rather, it would be better if you did. Furthermore, 2025 is too close for someone who wants to invest for a long time. I think you should invest if you want to till the time you see it reach your target to sell.

laijsica

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You can start stashing Bitcoin at regular intervals without waiting for dips, which will keep the stash size growing regardless of upward or downward price trends over time. There are many new investors who wait in hopes of buying more dips but that opportunity can be lost for a long time and the price increases. DCA strategy can open up new horizons that will show you the price average as the size of the future Bitcoin pile increases. You should focus only on long term bitcoin accumulation trends.

el kaka22

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You should, everyone should, it's a good advice. A lot of people have said this and yet if you loo kat the market you will see that there are a lot of people who sell when the price is low, and that is why I think it is quite bad to see that, we should probably consider that as not a simple thing. If it is so easy that we are going to end up with a result that would be so easy to handle, then why are we having an issue to begin with?

We shouldn't have this problem, people should not be selling when it is going downward, but then it wouldn't go down if people are not selling and yet we are, then it means people are selling when they shouldn't, and been doing that for decades in all kinds of markets, which means it is not easy to make people hold.

uneng

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This month of June has been being nasty for Bitcoin, although nothing guarantees the next month is going to be anything better, as Mt. Gox is going to start repayments to customers, what can lead this market to even more sales of Bitcoins and crashes in price. I didn't imagine Bitcoin could drop to 61,000$ like that at current stage. Of course this crash will launch a pessimism trend among investors, until whales buy the dip and push Bitcoin upside once again.

If you want to buy Bitcoin now, go ahead, but be prepared to wait until October or November to see some progress in your portfolio, because that is a serious possibility.

Mayor of ogba

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

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.

As a newbie who wants to start his bitcoin investment, waiting for a bitcoin dip before you start accumulating bitcoin is a wrong idea. It will delay your bitcoin accumulation journey or make you miss out on accumulating bitcoin because if bitcoin doesn't dip to your expected price, you will not accumulate it. You can start accumulating bitcoin with the DCA strategy either weekly or monthly when your DCA money is readily available. With the DCA strategy, you don't need to wait for a bitcoin dip before you can accumulate bitcoin because you will accumulate bitcoin even when the bitcoin price is increasing or decreasing.

Jawhead999

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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.

Beparanf

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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/

Bitcoin keeps pumping and dumping to 58K to 72K range for a couple of months since Bitcoin price hit the new ATH which is just slightly higher than the previous ATH.

This current downtrend is not new and will probably find support at 60K or 50K level. There’s no strong negative news that will cause FUD to the market in long term so this downtrend will not gonna last longer. You’re right that we should keep buying wheneve Bitcoin hits the support level because this will give a good profit potential once the price recover again.

I’m using trading bot for grid trading which is very efficient on market like this.

BABY SHOES

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Quote from: mirakal on June 24, 2024, 09:26:39 AM

Quote from: Don Pedro Dinero on June 24, 2024, 08:35:23 AM

You say you are a new investor and you don't look like you have much capital to invest. The best thing to do is to invest for the long term, making regular purchases, known as DCA. Many like you try to hit the dip to sell out of fear when the price continues to fall. So it seems to me that you are going about this the wrong way.

Buy at the dips and hold it for long term, but it takes a lot of patience and persistency to make it possible. Most particularly for beginner investors, they really think that once they start purchasing at dips, it will start to move up until it finally reaches an impressive amount, but most of the time bitcoin price goes the opposite way, one thing that will definitely test their patience.

However, DCA is the key. Don’t be too affected whenever bitcoin price continues to drop, that’s already expected in the market, but after some time, surely it’s price will recover again when the market is no longer in bleed.

There is nothing fast in bitcoin investment all need patience and persistence in that person, bitcoin is not a get rich quick scheme.
But OP can buy regularly by doing DCA from now onwards if the price of bitcoin rises again, especially many who predict that in 2025 the price of bitcoin will be bullish, OP will feel the profit in a short time.
But that should not be too pursued think now how the accumulation continues to be done all the time.

mirakal

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Quote from: Don Pedro Dinero on June 24, 2024, 08:35:23 AM

You say you are a new investor and you don't look like you have much capital to invest. The best thing to do is to invest for the long term, making regular purchases, known as DCA. Many like you try to hit the dip to sell out of fear when the price continues to fall. So it seems to me that you are going about this the wrong way.

Buy at the dips and hold it for long term, but it takes a lot of patience and persistency to make it possible. Most particularly for beginner investors, they really think that once they start purchasing at dips, it will start to move up until it finally reaches an impressive amount, but most of the time bitcoin price goes the opposite way, one thing that will definitely test their patience.

However, DCA is the key. Don’t be too affected whenever bitcoin price continues to drop, that’s already expected in the market, but after some time, surely it’s price will recover again when the market is no longer in bleed.

Don Pedro Dinero

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You say you are a new investor and you don't look like you have much capital to invest. The best thing to do is to invest for the long term, making regular purchases, known as DCA. Many like you try to hit the dip to sell out of fear when the price continues to fall. So it seems to me that you are going about this the wrong way.

salad daging

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

My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?

Buying now is much better during the drop to $61K, do you think that bitcoin will drop to $50K again? I don't think that will happen although I don't know the future but now the downward trend is due to a lot of negative news.

The initial target until 2025 then only needs 6 months, which means you don't have long to hold it, while other investors buy early and hold for several years to wait for the current cycle to come, while $100K in 2025 is already widely predicted, so buy early.

aoluain

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Yes OP you will have to make a move a some stage and todays movement is a perfect
opportunity to dive in.

We are just after witnessing a load of longs getting liquidated which results in
a spiral downwards.

Also the German government has started selling off Bitcoin which was seized previously.

https://finance.yahoo.com/news/german-government-begins-massive-bitcoin-051312544.html?guccounter=1

Felicity_Tide

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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?

How dip does this have to get before buying?, Is this current dip not good enough?. This is clearly a big opportunity that so many has been looking towards and not waiting for, because you don't hold your funds and wait for a dip. Due to uncertainty of what might happen next, it is advisable to buy at any given dip especially the one we are experiencing now. The price of Bitcoin might move up at any time, making you to miss such a great opportunity. There isn't too many things to talk about here, just by the dip already. If we experience a further Dip tomorrow, also make purchases. Every moment with Bitcoin presents an opportunity.

Quote

I value speculation when it comes to investing

Then you've chosen the wrong approach. Even though speculations sometimes affect the market, but you should understand that some speculations are false, while others are true. So don't be left stranded in the middle of all this.

simonnn

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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/

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