Don't wait for the bottom without buying in the Dip.

BVeyron

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Quote from: Mrbluntzy on August 23, 2023, 05:11:08 AM

Maybe this is just my own clap of hand to seek a small attention from every Bitcoin Investor, precisely for new Bitcoin Investor because I know that most the experienced investors already knows better than I do, I guess so. Not to say more or less, I just know that this concerns us all.

I was thinking that before the end of this year Bitcoin will spike and get to $60k or not lower than $40k or far above it and it has just been my prediction, I also did not think that Bitcoin will even drop bellow the $28k level again this year, but I believe I got disappointed on my assumption and it was really a good thing that my assumption failed, because if it had not, I will not be able to buy bitcoin around $26k and also bought in $25k.

I know one day I will look at my portfolio and I will be happy for Investing in Bitcoin.

Like I said that this is just a clap of hands to call our attention because I know it concerns us that we need to buy the dip, even if we are waiting for the bottom, but you can still buy the dip and keep it in your portfolio, because Bitcoin price just don't fall in the hands of any man or authority to control. you can be waiting for the bottom and the price of Bitcoin will just begine to go bullish again.

My reason for saying buy the DIP while waiting for the bottom.

A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
B: Because you will still make profit if you buy the dip
C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.
D: If you are holding for a long term, you don't need to be scared of buying the dip.

thank you for reading my topic.

That's correct, btc is a good thing for long-term hodling, and, I think, it can bring hodlers some profit in a couple of years. So, for long-term hodling it doesn't matter what the cost of buying was. The most important thing in long-term hodling is the amount of money that an investor is able to invest: some people have great expectations and invest nearly all the "excess" money they have, this leads up to ruined expectations, which are often accompanied by urgent needs to withdraw money with huge losses due to price fluctuations and fees. Other investors, however, spend not so much money on crypto, and then they are unable to get a good profit even out of a long-term game...

Aanuoluwatofunmi

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Quote from: Baki202 on October 03, 2023, 03:58:10 PM

Quote from: Patrol69 on September 16, 2023, 11:44:58 AM

The market did not grow as we expected. We expected the Bitcoin market to be between $50K and $60K in mid 2023 to late 2023 but so far the market is under $30K. We have already crossed the middle period of 2023. Now we are at the end of 2023. The time left to the end of 2023 is that the market will grow a lot only then our expectations will be fulfilled. Looking at the market movement, it seems that the market may move to a good position very slowly. If the market slowly moves higher then we will have to wait some more time for the market to reach $40K to $50K. If we wait we will surely get something good.

you can not predict the bitcoin price even people who cashed out during the last bull run never expected it and no one expected bitcoin at this price either, I see a lot of speculation about the price of bitcoin, some are predicting it to hit a 100k, and from peoples comment a lot of people did not expect much from bitcoin this season, I don't think the price of bitcoin will go above 30k this year you see it going up and the next thing you see the candle stick coming down. next year it might get better and the improvement might be crazy.

It's true that bitcoin price cannot be predicted, but one of the reasons why we also speculate to show ourselves approved of knowing about the possible outcomes in some cases while using different indications is to perceive such changes or moves on the bitcoin market wether it goes dip or surge higher depending on the current market status, we never expected to have upto $50,000 sooner, but this may come along the lines maybe towards the end of the year or early next year to preceeds the halving.

Rockstarguy

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Quote from: Baki202 on October 03, 2023, 03:58:10 PM

Quote from: Patrol69 on September 16, 2023, 11:44:58 AM

The market did not grow as we expected. We expected the Bitcoin market to be between $50K and $60K in mid 2023 to late 2023 but so far the market is under $30K. We have already crossed the middle period of 2023. Now we are at the end of 2023. The time left to the end of 2023 is that the market will grow a lot only then our expectations will be fulfilled. Looking at the market movement, it seems that the market may move to a good position very slowly. If the market slowly moves higher then we will have to wait some more time for the market to reach $40K to $50K. If we wait we will surely get something good.

you can not predict the bitcoin price even people who cashed out during the last bull run never expected it and no one expected bitcoin at this price either, I see a lot of speculation about the price of bitcoin, some are predicting it to hit a 100k, and from peoples comment a lot of people did not expect much from bitcoin this season, I don't think the price of bitcoin will go above 30k this year you see it going up and the next thing you see the candle stick coming down. next year it might get better and the improvement might be crazy.

Many thought that bitcoin price by this time will get to $40 by this time, and thus has been the mistake that most people do make to predict the price of bitcoin. People just need to stop speculating and invest in bitcoin because predicting the price of bitcoin can affect plan of investment or an ongoing investment.

One of the best way to invest in bitcoin is never to predict the price and invest, bitcoin price is unpredictable it is just better to invest and not to bordered when the bull will come.

KiaKia

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Because it has happened in the past, people are waiting for a big dump before they start investing, they don't know that adoption gets better in time, 15k may be the bottom for Bitcoin and even if there will be a dump the lowest possible is Bitcoin retesting 15k, I am not going to accept that history will repeat itself, but it's not wrong to be prepared.

Everyone is free to play the waiting game but not me, there is a very big chance that lower range maybe back to $10,000 is impossible, but yes it's a good strategy to make people believe that the market will dump very hard because the same thing happened in 2020.

If anyone is listening, it's better to get prepared for any possibility, this is how you won't miss any opportunity with crypto, I am done and tired of trying to see the future, prediction isn't cutting it for me, because no one knows what will happen tomorrow and I am not ready to lose a big opportunity.

Blitzboy

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Quote from: eightdots on October 03, 2023, 05:37:13 PM

Quote from: Mrbluntzy on August 23, 2023, 05:11:08 AM

I was thinking that before the end of this year Bitcoin will spike and get to $60k or not lower than $40k or far above it and it has just been my prediction, I also did not think that Bitcoin will even drop bellow the $28k level again this year, but I believe I got disappointed on my assumption and it was really a good thing that my assumption failed, because if it had not, I will not be able to buy bitcoin around $26k and also bought in $25k.

Like I said that this is just a clap of hands to call our attention because I know it concerns us that we need to buy the dip, even if we are waiting for the bottom, but you can still buy the dip and keep it in your portfolio, because Bitcoin price just don't fall in the hands of any man or authority to control. you can be waiting for the bottom and the price of Bitcoin will just begine to go bullish again.

Bitcoin price remained below expectations, but there is always the possibility that Bitcoin will rise quickly. It is necessary to follow the market. Sometimes there may be an instantaneous movement according to the news, but this movement in price is not permanent. There is a possibility that there will be a small movement at the end of this year, but if this movement occurs, I do not think it will be permanent.

Every investor has a price set for the purchase. That's why every investor determines his own bottom price. I think it is a mistake to expect to buy Bitcoin from the bottom. Because it is very difficult to achieve this. If the Bitcoin price rises while you are waiting for the bottom price, you will miss the price you expected.

Sometimes, you're right; we see those rapid, news-driven price spikes. But as you pointed out, they often dont last. Now, here's the thing. Everyone has their magic number, their "bottom price." But you're so right in saying that waiting for that elusive bottom can be a gamble.

If everyone's trying to play the same waiting game, you might end up waiting forever. And if you're waiting, and Im waiting, and she's waiting, who's really buying? If all of us waited for the bottom price, would it ever really come?

My two cents? Stay informed, be vigilant, but also be ready to adapt your strategy. After all, in the volatile world of Bitcoin, nothing's set in stone.

eightdots

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Quote from: Mrbluntzy on August 23, 2023, 05:11:08 AM

I was thinking that before the end of this year Bitcoin will spike and get to $60k or not lower than $40k or far above it and it has just been my prediction, I also did not think that Bitcoin will even drop bellow the $28k level again this year, but I believe I got disappointed on my assumption and it was really a good thing that my assumption failed, because if it had not, I will not be able to buy bitcoin around $26k and also bought in $25k.

Like I said that this is just a clap of hands to call our attention because I know it concerns us that we need to buy the dip, even if we are waiting for the bottom, but you can still buy the dip and keep it in your portfolio, because Bitcoin price just don't fall in the hands of any man or authority to control. you can be waiting for the bottom and the price of Bitcoin will just begine to go bullish again.

Bitcoin price remained below expectations, but there is always the possibility that Bitcoin will rise quickly. It is necessary to follow the market. Sometimes there may be an instantaneous movement according to the news, but this movement in price is not permanent. There is a possibility that there will be a small movement at the end of this year, but if this movement occurs, I do not think it will be permanent.

Every investor has a price set for the purchase. That's why every investor determines his own bottom price. I think it is a mistake to expect to buy Bitcoin from the bottom. Because it is very difficult to achieve this. If the Bitcoin price rises while you are waiting for the bottom price, you will miss the price you expected.

Baki202

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Quote from: Patrol69 on September 16, 2023, 11:44:58 AM

The market did not grow as we expected. We expected the Bitcoin market to be between $50K and $60K in mid 2023 to late 2023 but so far the market is under $30K. We have already crossed the middle period of 2023. Now we are at the end of 2023. The time left to the end of 2023 is that the market will grow a lot only then our expectations will be fulfilled. Looking at the market movement, it seems that the market may move to a good position very slowly. If the market slowly moves higher then we will have to wait some more time for the market to reach $40K to $50K. If we wait we will surely get something good.

you can not predict the bitcoin price even people who cashed out during the last bull run never expected it and no one expected bitcoin at this price either, I see a lot of speculation about the price of bitcoin, some are predicting it to hit a 100k, and from peoples comment a lot of people did not expect much from bitcoin this season, I don't think the price of bitcoin will go above 30k this year you see it going up and the next thing you see the candle stick coming down. next year it might get better and the improvement might be crazy.

MFahad

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Quote from: serjent05 on September 18, 2023, 06:03:57 PM

First in order to not be affected by the bearish situation, one must have a good knowledge about the Bitcoin market. With the knowledge of the history of Bitcoin price, people will know that Bitcoin has the ability to recover thus, holders will keep on holding and newcomers with the bitcoin market knowledge will not succumb to FUD. Instead, they wil buy every dip so that they can have a better profit when the Bitcoin market recovers.

Those people will be able to take the winnings who has firm believe and should notice the nature of bitcoin. Fear in heart can cause a missing of lucky occasion because you will sell your bitcoin at lower price and will not wait for booming worth.

I don't understand that people quickly trust in negative news but they don't believe about the recovering characteristic of bitcoin. People who are afraid of lossing money and don't invest a single penny because they imagine that through investment they can become poor always remain poor because they never become able to take benefit of investment choices.

Why people are not waiting and quickly sell their Assets even they have risk? Are they not familiar about the Fluctuations or they are in doubt about their abilities to be rewarded? If they don't know the word Fluctuations then investment is not for them. they should accept another way because for victory you have to acknowledge volatility and should go according to it.

HONDACD125

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Quote from: Pierre 2 on September 19, 2023, 12:31:44 AM

Well obviously you are right, one experienced Bitcoiner hanging out in Bitcointalk forums can guess exact dip levels to maximize their gains. But it will always be risky. As you say, one can lose money but with OP's method, buying at different dip levels will minimize your losses for sure. In the end it's all about making your overall cost lower. Exact dip may be 20k but buying around 23k with %5-10 of your money will never hurt your wallet. If it goes down more you can keep accumulating.

I think buying on every dip in the crypto currency market is the best strategy. The main reason for this is that if you have bought at a higher price, you can improve your average by buying further below,but your point is correct that there should be a correct estimate for this too. The purpose of dip is not that if the price goes down even a little, you should buy immediately, but there should be a proper gap between the first purchase and the second purchase.

This also requires experience and knowledge so that you can improve your average with each dip and minimize losses.It is the best investment to shop at every suitable and accurate dip.However, no matter how much the market falls, we should take advantage of this falling market because no one knows at what point the market will start to recover,and on every crash we should keep accumulating crypto currency. All experienced and expert investors always buy through DCA.

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Quote from: goldkingcoiner on September 15, 2023, 05:43:47 PM

While I agree that only one can never precisely guess where the bottom will be, one can guess when the dip or pump is coming to an end. And if one knows this, one also knows that anything that goes up must come down. And the reverse is also true. Buying at what you consider to be the bottom can be a good strategy, if you have the necessary experience and self-discipline. Although personally, I divide my money up and buy at each bottom. That way you gain some of the advantages of a good DCA strategy and divide up your risks.

It has worked for me quite well. Although I cannot say that it will work forever. At some point even I could take a miss-step and lose money.

Do what feels most comfortable to you. I am not here to advise on trading strategies or financials.

Well obviously you are right, one experienced Bitcoiner hanging out in Bitcointalk forums can guess exact dip levels to maximize their gains. But it will always be risky. As you say, one can lose money but with OP's method, buying at different dip levels will minimize your losses for sure. In the end it's all about making your overall cost lower. Exact dip may be 20k but buying around 23k with %5-10 of your money will never hurt your wallet. If it goes down more you can keep accumulating.

Stable090

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Quote from: Mrbluntzy on August 23, 2023, 05:11:08 AM

A; you may be waiting for the bottom and the market will recover so quickly than you less expect.

When the market is dip, it’s better to just buy and hold. If you are waiting for the market to reach the bottom, then you are getting everything wrong, nobody knows how low the market will go, and you will never know when the bottom has been hit. Sometimes the bottom will have been hit, but you will still keep on waiting for more dip, but the market will change direction and you will miss the opportunity. So the best thing is to just do your analysis. When you think it’s a good entry price, just buy and hold.

Quote from: Mrbluntzy on August 23, 2023, 05:11:08 AM

B: Because you will still make profit if you buy the dip

People are not always satisfied with the profit they make, that’s why they always prefer to buy at the lowest price to maximise their profits. But sometimes we just have to be satisfied with the little profit we make, or we might end up losing everything.

Quote from: Mrbluntzy on August 23, 2023, 05:11:08 AM

C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.

Some investors bought bitcoin at its all-time high, and they are still holding even as bitcoin is down. They still have confidence and believe that bitcoin will bounce back and go higher than the price at which they bought it, so people who are buying bitcoin currently are not supposed to even panic about the dip.

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Quote from: MFahad on September 18, 2023, 02:32:30 PM

Quote from: Lorence.xD on September 15, 2023, 12:38:41 PM

Market's price is really unpredictable so there's no assurance when is the best time to buy and sell, but people could conclude some outcome by the sudden movement of the market's value it's either it has been affected by the following: trends, news, and any updates. In short, you'll need to have another plan incase your technique and strategies did not meet your expectation. DCA is literally the best and safest way in especially in bearist cause you'll have options such as selling and holding you'll just need to wait for the right time.

The market movement of crypto is always sudden but sudden decision are forbidden during such situations. The main cause is supply and demand which is regularly changing based on news so whenever more people wish to accept crypto then market will boost otherwise it will remain lower and desire of people is depened on the news.

Since the crypto market is in an open market, they are highly volatile due to supply and demand where the demand is affected by the market sentiments and the manipulation of people who have huge amounts of funds and coins. As the sentiments is affected by news, many people who want to influence the Bitcoin market often exaggerate news and create FUDS or Hypes that make the value of Bitcoin to have a high fluctuation.

Quote from: MFahad on September 18, 2023, 02:32:30 PM

The Bull run is not so longer as that of bearish one so as more you wait more you will be profitable because success takes time. Instead of crying during bear market it is necessary to wait for the better movement of market because with crying neither you can avoid loss nor you can get profit but with patience you can control your emotions so avoid crying and accepting patience if you want victory.

First in order to not be affected by the bearish situation, one must have a good knowledge about the Bitcoin market. With the knowledge of the history of Bitcoin price, people will know that Bitcoin has the ability to recover thus, holders will keep on holding and newcomers with the bitcoin market knowledge will not succumb to FUD. Instead, they wil buy every dip so that they can have a better profit when the Bitcoin market recovers.

milewilda

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Quote from: MFahad on September 18, 2023, 02:32:30 PM

Quote from: Lorence.xD on September 15, 2023, 12:38:41 PM

Market's price is really unpredictable so there's no assurance when is the best time to buy and sell, but people could conclude some outcome by the sudden movement of the market's value it's either it has been affected by the following: trends, news, and any updates. In short, you'll need to have another plan incase your technique and strategies did not meet your expectation. DCA is literally the best and safest way in especially in bearist cause you'll have options such as selling and holding you'll just need to wait for the right time.

The market movement of crypto is always sudden but sudden decision are forbidden during such situations. The main cause is supply and demand which is regularly changing based on news so whenever more people wish to accept crypto then market will boost otherwise it will remain lower and desire of people is depened on the news.

The Bull run is not so longer as that of bearish one so as more you wait more you will be profitable because success takes time. Instead of crying during bear market it is necessary to wait for the better movement of market because with crying neither you can avoid loss nor you can get profit but with patience you can control your emotions so avoid crying and accepting patience if you want victory.

Market does have those probabilities of movements which either bearish or bullish on which it would really be that impossible that it would really be just moving in a single path and this is why it would really be that wise on making out such move on the time that you would really be that doing such accumulation. Chasing up the bottom or trying to hunt those numbers isnt something new because people would really be finding out ways
or having those intents on chasing up those bottoms and this is why we do keep on waiting even its already that too delusional like those 10k bearboys and now the price had made out some recovery then this would
really be leading up the emotion that you had missed out such thing and this is why it would really be that wise or better that you should be taking up the consideration on buying into those low price because
making profits does really need up that risks taking thing.

MFahad

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Quote from: Lorence.xD on September 15, 2023, 12:38:41 PM

Market's price is really unpredictable so there's no assurance when is the best time to buy and sell, but people could conclude some outcome by the sudden movement of the market's value it's either it has been affected by the following: trends, news, and any updates. In short, you'll need to have another plan incase your technique and strategies did not meet your expectation. DCA is literally the best and safest way in especially in bearist cause you'll have options such as selling and holding you'll just need to wait for the right time.

The market movement of crypto is always sudden but sudden decision are forbidden during such situations. The main cause is supply and demand which is regularly changing based on news so whenever more people wish to accept crypto then market will boost otherwise it will remain lower and desire of people is depened on the news.

The Bull run is not so longer as that of bearish one so as more you wait more you will be profitable because success takes time. Instead of crying during bear market it is necessary to wait for the better movement of market because with crying neither you can avoid loss nor you can get profit but with patience you can control your emotions so avoid crying and accepting patience if you want victory.

usekevin

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The history of the bitcoin had play huge role in the game,the experienced players will use holding steps at the bear market.The buying price of the bitcoin was important one in the trading.The traders will hold the bitcoin to take advantages at the time of the bull run.The bitcoin holing wallet after buying can be used with some security features.The bitcoin had the capacity to give the profit of 100 percentage from their investment.So now it’s good coin to inverse your money in the bitcoin as compared to other trusted coin

serjent05

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Quote from: qwertyup23 on September 15, 2023, 01:49:24 PM

Quote from: YUriy1991 on August 23, 2023, 05:39:11 AM

If the OP looks at the current Bitcoin (BTC) price movement, yes, it can be said to be a bit boring and on the other hand the effect makes many investors still wary of further declines. Well, I tried at Point D only. this is the safest and most comfortable in my opinion. My reason is because if someone buys current for long term hodling this is not a problem which means for him. Precisely those who want to take a new entry should think further and if there are investors who feel uncomfortable with the fluctuations in the crypto market, then they might consider taking a break first while staying informed of course.

I do recommend people to purchase BTC as soon as they discovered its existence.

I would suggest that they must learn and understand about the market. This way the can't easily sell their holding. They won't be particiatingi n an activity where Bitcoin is being dumb because of lack of belief.

Quote from: qwertyup23 on September 15, 2023, 01:49:24 PM

From basing it purely on its price history index, the trend of its price is increasing. Even if there are occasional dips, the trend still remains upwards due to its inflationary nature. Given that the fork is coming, it is highly recommended for everyone to stock BTCs in order to take advantage of its sudden price increase on the future.

Though this may be the case, always consider your investments as something that should be protected. Even if this is the case for BTCs, investments are not "magic" that can give you a guaranteed profit.

I agree that Bitcoin is still in an uptrend when the chart history is zoomed out. But we shoud not deny the fact that diamonds have kept the market away from frequent crashes because this people are the believer of BTC and will hold them even though there is a lot of FUD lurking around the market.

So with an uptrending market, we must take advantage of it to gain profit from our investments.

TelolettOm

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Quote from: Ale88 on September 16, 2023, 12:18:01 PM

September usually is never a good month for bitcoin, I don't really care about today's value, let's see how we end the year: if in the next months will reach $35-40k for me it would be a great result, and anyway let's not forget that the most interesting part will come in 2024 and 2025, this is just a transaction year.

It is still in the middle of September, not sure whether the market still goes without a significant move. But so far, I agree that September isn't a good time for Bitcoin and altcoins as a whole. Almost all crypto coins are difficult to increase during this month, it is probably because we have some bad news lately. The issue related to the intervention and accusations of SEC to some crypto platforms, make investors to feel a bit worried. If this news never ends, it is difficult for BTC to rise above $30k again.

I also expect the price of Bitcoin can be around $35k-$40k in the next 3 months. We are actually not very far from BTC halving, but the price still looks hard to increase. I sometimes think that it is because many whales still want to buy more.

Bitcoin_people

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Quote from: Mrbluntzy on August 23, 2023, 05:11:08 AM

I was thinking that before the end of this year Bitcoin will spike and get to $60k or not lower than $40k or far above it and it has just been my prediction, I also did not think that Bitcoin will even drop bellow the $28k level again this year, but I believe I got disappointed on my assumption and it was really a good thing that my assumption failed, because if it had not, I will not be able to buy bitcoin around $26k and also bought in $25k.

Many scholars have previously researched and considered the Bitcoin market in particular. By the end of the year Bitcoin had a chance to stay close to $60k but it turned out differently. Although this admission has come down to a much lower price, earlier when the Bitcoin market was above $30,000, it was predicted that Bitcoin would soon approach $40,000. But that was no longer possible but since then the market condition gradually worsened and the market crashed downwards. Right now bitcoin market is $26000 dollars so if we don't choose it for investment then definitely profit is possible. I think now is the right time for it and the best and wisest thing to do is to invest now and hold and wait until the bull market.

Ale88

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Quote from: Patrol69 on September 16, 2023, 11:44:58 AM

The market did not grow as we expected. We expected the Bitcoin market to be between $50K and $60K in mid 2023 to late 2023 but so far the market is under $30K. We have already crossed the middle period of 2023. Now we are at the end of 2023. The time left to the end of 2023 is that the market will grow a lot only then our expectations will be fulfilled. Looking at the market movement, it seems that the market may move to a good position very slowly. If the market slowly moves higher then we will have to wait some more time for the market to reach $40K to $50K. If we wait we will surely get something good.

September usually is never a good month for bitcoin, I don't really care about today's value, let's see how we end the year: if in the next months will reach $35-40k for me it would be a great result, and anyway let's not forget that the most interesting part will come in 2024 and 2025, this is just a transaction year.

Patrol69

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The market did not grow as we expected. We expected the Bitcoin market to be between $50K and $60K in mid 2023 to late 2023 but so far the market is under $30K. We have already crossed the middle period of 2023. Now we are at the end of 2023. The time left to the end of 2023 is that the market will grow a lot only then our expectations will be fulfilled. Looking at the market movement, it seems that the market may move to a good position very slowly. If the market slowly moves higher then we will have to wait some more time for the market to reach $40K to $50K. If we wait we will surely get something good.

Topic: Don't wait for the bottom without buying in the Dip. (Read 1009 times)