Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
Those that are hoping that bitcoin shall go that low missed buying to the bottom. Investing in bitcoin requires long patience, it's not just all about being patient but also wise. Because there will be times that your patience can be gone when you can't take it anymore watching the market plummet a lot. But being wise, you know where the market is heading, you have the vision of how what it's going to look like in the future and that's why you're moving forward in seeing that and won't be the one to sell in panic. 
Topic: Don't sit on your hands - page 7. (Read 1087 times)
Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
You can buy at multiple spots in the market imo, not necessarily DCA'ing but it's something similar, especially if the market is down. Doesn't need to be at set intervals (e.g. monthly) but you can buy it at a set price say at every $5k decrements or less. Though I guess most would prefer buying at idk $30k then selling at $20k 
I myself never look at the market after I invest since I do long term and if I look at the market for just an instant, my hands might go weak and start selling. It's why I bought all I wanted when it dumped down to $20k and I'm probably just gonna wait a few years before thinking of anything related to trading it back.
These days, it's essential to have some kind of strategy, as @jackg said.
But it is necessary to be cautious about the scenario we were currently experiencing, COVID-19, Monkeypox, Russia x Ukraine, not to mention the situation we are seeing between USA x China.
With all these variables that I said above, there can be a LOT of noise in the market, and at any moment everything can get worse.
But it is necessary to be cautious about the scenario we were currently experiencing, COVID-19, Monkeypox, Russia x Ukraine, not to mention the situation we are seeing between USA x China.
With all these variables that I said above, there can be a LOT of noise in the market, and at any moment everything can get worse.
Based on what I've noticed in the past, a lot of the investors are actually waiting for the rise to start buying bitcoin not the drop. For example I can assure you even if bitcoin were to drop to $10k today they still wouldn't buy it but if bitcoin were to rise to $30k they would all start panic buying with all the money they have.
This is exactly why we see big jumps each time a major resistance is broken. You mentioned $3700 which was an example of this, when price broke $4k everyone started panic buying and shortly after price was over $10k.
This is exactly why we see big jumps each time a major resistance is broken. You mentioned $3700 which was an example of this, when price broke $4k everyone started panic buying and shortly after price was over $10k.
What a lot of "investors" that likes to get in and out of positions do wrong: being 100% out or 100% invested.
Being 100% in/out of bitcoin means you're super convinced that your decision would go well with high guarantees; whereas if you're thinking clearly with little to no bias, you shouldn't be THAT convinced to be 100% in/out.
Being 100% in/out of bitcoin means you're super convinced that your decision would go well with high guarantees; whereas if you're thinking clearly with little to no bias, you shouldn't be THAT convinced to be 100% in/out.
Thats right. Do nothing and dont check anything if you are not gonna take action on that. With the current price and a long time up and down, just do a timely purchase according to your budget. Its hard to foresee what price could be the bottom and when the market would rapidly increase too. Bull run just ended and we could only do is wait again for another one. While on it. Accumulate strong projects so when the time comes it would be a good and fortunate profits.
Yep, laddering down buy/sell always works, no can guess perfect bottom/top.
Usually, when CT goes crazy on dump/pump, that's time to do your significant move.
Usually, when CT goes crazy on dump/pump, that's time to do your significant move.
Well, it depends on one's strategy. DCA is considered to be a very good strategy for those who don't have time to day-trade but do have some money to invest periodically, but not everyone can do it.
I, for one, don't do DCA, I prefer intraday or day trading and then accumulating some coins during the bear market for long term.
I, for one, don't do DCA, I prefer intraday or day trading and then accumulating some coins during the bear market for long term.
It's always a good idea to come up with a strategy for when you're going to buy (and potentially sell) coins rather than just continously aiming to buy a lower price (you're more likely to sell at a loss then too imo).
Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
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