Topic: Don't wait for the bottom without buying in the Dip. - page 2. (Read 1076 times)

when is the bottom and how much is the dip?

i believe that when the price is dumping then we need to take that advantage to  buy , and hope that the continues drop will give us more opportunity .

when we are buying , we must understand that there are no way that we can speculate exactly or predict so we must bear  with the system.

Your plan for buying seems to be working out great. Its like building a sculpture piece by piece without overwhelming any part. Your plan is a mix of what you know and what you think you should do. Bitcoin can blow any direction at any time, like the wind. Remember that past success doesnt guarantee future success. The crypto world rarely sees growth like your recognition of possible faults. I admire that you dont preach here. Sharing experiences without telling others what to do is a welcome change

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.

Yes, despite the current situation, I can't still say that we are in the bear season. However, it causes some panic in others which makes the price stay long.
But I see this as an opportunity to accumulate more while waiting for the recovery. This year seems to be not a good year for crypto but next year will be somewhat good as halving is expected to happen.

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We may not see the price rise instantly but for sure the market will turn bullish when the time has come, yet we never know when. However, if we could just wait, certainly wasn't regretting.

Looking at the current price I would say that there is going to be some sort of movement very soon. I think its going to be a bit more active in the near future. I wouldn't be able to say if its going to go up or go down but I can say that its going to be pretty great volatility without a doubt. Why do I think that? Well to main reasons, it looks like its more volatile already but between smaller amounts, if you look at it, you will see even if its just 100 dollars, it goes up and down a lot more frequently. Secondly, I think it has been staying too still around the same prices for way too long, which could be a reason for it to start moving again since traders will want that to happen soon.

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.

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.

Price movement is not according to our wishes but people always follow the market analysis and they take their decision according to the news which are spreading all around the world. We wish for more profit in the case of which we remains silent in bear market which will be our big mistake.

Learning to take the benefit of specific strategy will be a well suited decision so always try to utilize your strategy on specific timing.  Own some bitcoin until the time gets over and the bitcoins value increases therefore increase price is not a better time to buy bitcoin.

when is the bottom and how much is the dip?

i believe that when the price is dumping then we need to take that advantage to  buy , and hope that the continues drop will give us more opportunity .

when we are buying , we must understand that there are no way that we can speculate exactly or predict so we must bear  with the system.

Indeed, it's true that we should sell Bitcoin at a higher price than what we bought it for. However, the market never moves precisely as we predict, and there's no guarantee that Bitcoin's price will follow technical analysis patterns. So, we need to have a strategy in place to ensure our entry points aren't too high. Instead of waiting for the bearish market to conclude and the next pumping moment, timing remains uncertain.

Considering the current bearish market, it's better to employ Dollar-Cost Averaging (DCA) to gradually acquire some Bitcoin using available fiat. If there isn't enough fiat supply, hodling is the only option.

when is the bottom and how much is the dip?

Yes this is definitely the issue for so many people, who shouldn't do something like this. I mean it's obvious that it's not going to be that simple and yet some people still end up with these type of mistakes and they wait for too long.

If you wait for too long then you end up missing the point of why you wait and that causes a lot of trouble, I believe that it's not going to be something that will make that much change. I hope that it gets to a point where we end up with a better result. I think the best thing to do in this case would be making sure that we end up buying a bit now, even if you want to wait more, at least buy "some" now so that you would be doing a bit better on the long run and could do a lot better.

That is a great summary for anybody that tries to buy the exact bottom in a bear market. I have tried it myself several times in the past and never succeeded, it just seems impossible to find the point in time when all the investor decide that the crisis is over and now it's time to buy again. It involves a lot of research and luck to make the right call and we should be asking ourselves if it's really going to be worth it. The longer we wait for prices to fall to the bottom, the higher the chances that we are going to miss out on the recovery. That is also why DCA became such an interesting method to use for our purchases. Buying fixed amounts of Bitcoin over a long period of time enables us to take advantage during longer bear markets and our average purchase price is still going to be good. I have been buying Bitcoin all throughout 2022 and stuck with the DCA method instead of making one large purchase at the bottom. The advantage is also that I have free money each month that I don’t spend from my salary which I than can invest in cryptos. Spreading out my purchases over a longer period of time takes out a lot of pressure from finding the optimal purchase price and I also don’t have to invest so much time on research.

If you could go there to the speculations board to see how people were giving their own various opinions about bitcoin market sentiment for the next coming months and how there's a very vital achievement investing now on bitcoin that it's dip, such period like this could doubtlessly renders us opportunity for the investment we made before the market begins to rise back as always expected, very soon i know that we are getting closer to $68,000 before we landed at another all time high after halving next year, this will make us to understand more that we are still on dip till this present moment.

Every dip has it own profit, their is no dip without a profit.  Bitcoin can't be predicted and no one can tell when the bottom can come, sometimes it can be risky to wait for the bottom hit and miss the opportunity of buying during the dips. People think it is only when bitcoin is bought in the bottom that is only time when profit can be made, profit can also be made from the regular dip in the market not just from the bottom alone. The bottom shouldn't be an opportunity to be missed,  but waiting for the bottom to invest and neglecting the dips is not the best.

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.