Buy the dip people!!! Could be last chance for prices this low - page 6.

Humblevirus

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Quote from: thecodebear on March 15, 2024, 09:50:58 AM

Bitcoin is currently undergoing a correction back to the $60,000s. Around $68k now, got down to $66k.

This is the time to buy before the bull run really gets going. This MIGHT be the lowest it gets. While a deeper fall during this correction, or another correction in the near future, is certainly possible, this might also be as low as it gets. After the near future, the only time it might get this low again is in like two years on the next bear market, and these prices may be the bottom of the bear market.

Predicting Bitcoin's movements is incredibly difficult, often relying on luck rather than skill. Therefore, I suggest that anyone interested in investing in Bitcoin or looking to increase their holdings should be vigilant for opportunities. For instance, when Bitcoin's price drops, it presents a chance to accumulate more. Currently, with the price at $68k, it's an opportune moment to buy. If there's concern that the market might dip further, it's wise to allocate a portion of funds for immediate purchase and reserve the remainder for potential future drops.

By seizing the opportunity now, one can benefit, considering that the price might not drop further immediately, or if it does, they could still acquire more later. It's about being cautious yet proactive buying a portion now and potentially purchasing more later if the price decreases further. This strategy allows for flexibility and reduces the risk of missing out on advantageous buying opportunities in the volatile Bitcoin market.

YUriy1991

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Indeed, and this is very normal, especially if the increase in BTC is felt to be high, there is a high possibility of correction, but not as severe as before. Yes. I agree, as you said above, this is a moment that must be used as well as possible, where this correction is also eagerly awaited by all intelligent traders, both small and large. to increase our BTC holdings otherwise the king will leave again.

As for the others, I am still a bit doubtful, my reason is that if we look at the pattern as before, BTC pumps and dump coins other than BTC which are fundamentally weak will be badly hit again and bleeding even though some coin of them have good and strong defense already to prepared for the possibilities to decline again.

Plaguedeath

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Yep, if people are worried Bitcoin would continue to dump, just use DCA strategy instead of lump sum, so you don't have to worry because you know Bitcoin will shine in the future.

The point isn't about buying Bitcoin right now, but you will have a good return if you keep accumulating from now.

We will see another small pump when we're near to halving event, then the big pump will happen on the year.

SamReomo

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Quote from: thecodebear on March 15, 2024, 09:50:58 AM

So anyone who has money sitting on the sidelines and who wants to buy Bitcoin, today is gonna likely be one of the lowest days we're gonna see for at least the next 18-24 months, and maybe forever! Buy!

We can't say anything yet, crypto market is highly unpredictable and anything can happen anytime. I know that it's hard to believe that Bitcoin may fall back to $50k or below it but such things happened in past many times and they may repeat themselves once again.

I know it's a good opportunity to purchase Bitcoin in present times but if it goes down again then many people will regret that why have they bought Bitcoin at $65k or $60k. In my point of view the ones who are thinking about investing in it should use dip buying strategy in market correction times.

SquirrelJulietGarden

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Quote from: thecodebear on March 15, 2024, 09:50:58 AM

So anyone who has money sitting on the sidelines and who wants to buy Bitcoin, today is gonna likely be one of the lowest days we're gonna see for at least the next 18-24 months, and maybe forever! Buy!

If they only observed the market, latest bullish months and felt regret days ago, now they are given good price from correction to buy.

Not sure it will be last chance or will be other chances but if they already felt regret days ago, now it is not time to repeat similar hesitation for their investment and feel regret again in coming months.

In a bull run, there will be many corrections but dips are chances to buy, not to sell or panic.

AbuBhakar

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Quote from: thecodebear on March 15, 2024, 09:50:58 AM

Bitcoin is currently undergoing a correction back to the $60,000s. Around $68k now, got down to $66k.

This is the time to buy before the bull run really gets going. This MIGHT be the lowest it gets. While a deeper fall during this correction, or another correction in the near future, is certainly possible, this might also be as low as it gets. After the near future, the only time it might get this low again is in like two years on the next bear market, and these prices may be the bottom of the bear market.

I’m pretty sure this is what people feeling back then when Bitcoin first reach 68K then dip to 60K level on the last crypto cycle. Crypto market is very tricky and can perform opposite to the majority expectation because that’s how big player think to gain profit in this volatile market.

You might be correct on this but there’s still a chance too that the price will slide more when the real market crash begin due to correction. Bitcoin halving is almost near and this the most bullish which crypto peeps looking forward after the ETF approval. I will wait for halving before I can conclude what’s the real bottom price for this correction.

Zlantann

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Quote from: thecodebear on March 15, 2024, 09:50:58 AM

This is the time to buy before the bull run really gets going. This MIGHT be the lowest it gets. While a deeper fall during this correction, or another correction in the near future, is certainly possible, this might also be as low as it gets. After the near future, the only time it might get this low again is in like two years on the next bear market, and these prices may be the bottom of the bear market.

Although we might not be able to project how the market will turn out shortly your predictions make some sense. The current price will be an ideal position for anyone who intends to still make some profit in the present bull run. The price of Bitcoin might not get cheaper because of the incoming halving which will discourage mining activities thereby making the supply decline. And these institutional investors have enough funds to keep buying any Bitcoin which is available in the market. For people who have money lying in banks and losing value due to inflation, this period might be a perfect time to pull them from banks and invest in Bitcoin. However, people who have used DCA to accumulate Bitcoin have more advantages.

Richbased

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Quote from: seoincorporation on March 15, 2024, 10:39:21 AM

I don't think $68k is the deep, we saw some days ago how it went down to $61, and at any moment it could have a massive crash, is about a wale deciding to sell a big amount to send it down to $40k, remember there are some early investors who are holding a big amount of BTC, and if any of them decide to sell then the markets will be in pain.

You're very correct, the price may still fall deeper because the market is unpredictable at this point so immediately a huge amount is being sold, automatically the price will fall further but regardless, every dip price is an opportunity to accumulate more as the halving is almost near but speculating this to be the last dip may not really work that way because Bitcoin is an asset with high level of volatility as everything can change within 24 hours and the market experiences a heavy dump.

Sim_card

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There are some people who love to sit at the fence waiting to see bitcoin price dip to their expected price before they will buy. I know that many of them would have regretted their actions, but it is not tooate to regret not buying then, as bitcoin has offer us with a dip price of 67k for us to take advantage on buying more bitcoin. Those who have no bitcoin a d was waiting should use this opportunity to buy as long as they have the money, because no one knows if this will be the lowest price that we will see till the next bear market. If you don't have much on you, you can use DCA method that gives you the opportunity to buy bitcoin bit by bit regularly, weekly or monthly. We might still see more dips, but it is better to buy now than waiting.

seoincorporation

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I don't think $68k is the deep, we saw some days ago how it went down to $61, and at any moment it could have a massive crash, is about a wale deciding to sell a big amount to send it down to $40k, remember there are some early investors who are holding a big amount of BTC, and if any of them decide to sell then the markets will be in pain.

Feels like the party is over, the right way to buy in the deep was 1 year ago when price were down to $16k.

Dunamisx

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Quote from: thecodebear on March 15, 2024, 09:50:58 AM

So anyone who has money sitting on the sidelines and who wants to buy Bitcoin, today is gonna likely be one of the lowest days we're gonna see for at least the next 18-24 months, and maybe forever! Buy!

I expect the little bullrun we see should be able to teach many a lesson to quickly take advantage of making investment in bitcoin, the best time is now, it has given the opportunity to make new investors come into the network and invest, this may be the last time we can see it at this low for now, when we fully launched into the bullrun in proper, the market is going to be more volatile than ever and there will be more highs than lows, this is the right time for DCA for the sake of those that are investing now or have done that already.

amishmanish

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The traditional markets are tanking everywhere so that generally shows up immediately in bitcoin these days. You can't really be sure that the price will not dip below this. Like always, the BTC movement leads to some sort of frenzy in some other unrelated area. The frenzy this time seems to be memecoins and L2 networks which are seeing mad swings, scams, pump and dumps.
Nothing really new here except the substantial positions that the ETFs have taken. Now we'll see the effect of truly mature speculation on the price because the institutional traders are going to do their thing on this big a scale for the first time. DCA'ing is still the best thing to do in my opinion.

Maybe do a few bulk buys as per your capacity by keeping a target assuming that you can wait for the ATH as well as take the L for sometime if it goes downwards.

Hatchy

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Quote from: thecodebear on March 15, 2024, 09:50:58 AM

Bitcoin is currently undergoing a correction back to the $60,000s. Around $68k now, got down to $66k.

This is the time to buy before the bull run really gets going. This MIGHT be the lowest it gets. While a deeper fall during this correction, or another correction in the near future, is certainly possible, this might also be as low as it gets. After the near future, the only time it might get this low again is in like two years on the next bear market, and these prices may be the bottom of the bear market.

So anyone who has money sitting on the sidelines and who wants to buy Bitcoin, today is gonna likely be one of the lowest days we're gonna see for at least the next 18-24 months, and maybe forever! Buy!

It's true. If investors want to buy more Bitcoins but were waiting for a price drop, they should buy now to avoid regretting missing out on potential profits from the upcoming bull market. This might be the dip, but we can't be certain. Bitcoin's price is still above $65,000, and it doesn't seem likely to drop below that soon.

For those who get nervous during small price corrections, my advice is to avoid selling hastily. Let's not rush to sell our holdings. It's best to stay out of the market if you're planning to hold for the long term. Avoiding constant market monitoring can help you overcome fear, uncertainty, and doubt (FUD) and prevent selling at the wrong time.

thecodebear

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Bitcoin is currently undergoing a correction back to the $60,000s. Around $68k now, got down to $66k.

This is the time to buy before the bull run really gets going. This MIGHT be the lowest it gets. While a deeper fall during this correction, or another correction in the near future, is certainly possible, this might also be as low as it gets. After the near future, the only time it might get this low again is in like two years on the next bear market, and these prices may be the bottom of the bear market.

So anyone who has money sitting on the sidelines and who wants to buy Bitcoin, today is gonna likely be one of the lowest days we're gonna see for at least the next 18-24 months, and maybe forever! Buy!

Topic: Buy the dip people!!! Could be last chance for prices this low - page 6. (Read 832 times)