Don't wait for the bottom without buying in the Dip. - page 3.

bayu7adi

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paper money is going away

Quote from: Yatsan on September 08, 2023, 01:47:46 PM

Indeed, right now there's a mix of speculations. Some are saying that its market value would fall down 'til $20k but what if it don't? For me entering at $24k-25k would be fair enough for long term hold until bullrun occurs.

Certainly, purchasing Bitcoin now with a view to preparing for the next two years at its current price is an opportune entry point. As long as it hovers around $24k to $25k, this is a favorable position in Bitcoin as preparation for the impending bull run. Utilize any remaining cash to capture Bitcoin at a price of $20k, in case the opportunity arises.

Chances are, there may indeed be a minor price dip to create a substantial rebound, which is likely to occur towards the end of 2024 or the beginning of 2025. This implies that we still have an opportunity to accumulate cash in the event of a minor bearish phase before the bull run unfolds.

Yatsan

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Quote from: Aanuoluwatofunmi on September 08, 2023, 01:38:27 PM

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.

Waiting for its actual bottom is a punch to the moon. Once there is a huge volume, the price gets more volatile to both pump and dump. Catching the "tail'" of the price action will never be advisable 'coz it could push through. Much better to pick a price wherein you would be able to endure both upward and downward motion. In such way you won't also worry that you'd miss your desired market price.

Indeed, right now there's a mix of speculations. Some are saying that its market value would fall down 'til $20k but what if it don't? For me entering at $24k-25k would be fair enough for long term hold until bullrun occurs.

Aanuoluwatofunmi

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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.

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Quote from: irhact on September 08, 2023, 03:04:15 AM

Quote from: wiss19 on August 28, 2023, 02:05:23 AM

It's obviously not wise to keep waiting for the bottom and don't buy when the market has already taken a plunge, this is why DCA is a very useful method for accumulating cryptocurrencies during the dips because if you buy with everything you have and then the market dips even more, you will regret your decisions, and the same will happen if the market recovers back without going any further declines, you will still feel bad for not buying when the time was right.

If we keep waiting for the bottom, we can't buy any Bitcoin and we'll be filled with regrets when the market starts recovering and we didn't buy any bitcoin. For every dip that happens to the market we should buy Bitcoin based on the spare cash we have available. We don't have to wait until we have very large sum of money before we start buying Bitcoin, we can buy through DCA. DCA make it possible for you not to spend so much money buying Bitcoin when you could buy it cheaper.

If you keep thinking you'll wait for the bottom of Bitcoin, you'll always have doubt about the bottom because after every dip, there's always more possibility of the market dipping more and you'll keep telling yourself that you'll buy at the next dip until you miss buying entirely.

Waiting for the "bottom" is like waiting for the next season of your favorite show—you think it's approaching, but there's always a cliffhanger. I'm all with Bitcoin deals, but if we're always looking for the lowest, we may miss the elevator heading up.

You nailed DCA. Similar to a monthly Bitcoin membership. Instead of worrying about the market's mood swings, let DCA handle it. Indeed, the market will swing between exhilaration and disinterest. The DCA route is steady. So instead of waiting for the stars to align, sprinkle some spare change on Bitcoin occasionally and watch your collection develop.

cafter

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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.

yes, I am experiencing bear market first time and seen many times, I missed average price because of waiting for a perfect seeing bottom. and now my strategy to buy is DCA (buying every particular time to get an average price)

Quote

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

I bought bitcoin at it's all time high and now i am terribly in loss, so thinking to buy more at this point($20,000-$25,000) and wait for next all time high to sell at a good profit.

Marvell1

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Quote from: Dickiy on September 08, 2023, 10:51:19 AM

Quote from: Inwestour on September 08, 2023, 06:26:03 AM

Quote from: irhact on September 08, 2023, 03:04:15 AM

If we keep waiting for the bottom, we can't buy any Bitcoin and we'll be filled with regrets when the market starts recovering and we didn't buy any bitcoin. For every dip that happens to the market we should buy Bitcoin based on the spare cash we have available. We don't have to wait until we have very large sum of money before we start buying Bitcoin, we can buy through DCA. DCA make it possible for you not to spend so much money buying Bitcoin when you could buy it cheaper.

If you keep thinking you'll wait for the bottom of Bitcoin, you'll always have doubt about the bottom because after every dip, there's always more possibility of the market dipping more and you'll keep telling yourself that you'll buy at the next dip until you miss buying entirely.

I am also of the opinion that DCA can give us the opportunity to get a good average purchase price. It may not be the best compared to what we can get if we wait for the bottom and try to buy everything in one transaction, but how many lucky investors will there be who are able to wait and buy at 15k? If there are, then there will be only a few of them, it is difficult to catch the bottom, and DCA will allow many investors to get a good price if they accumulate bitcoin in a bear market.

That's right, I think with DCA it will make it easier for you to invest. Moreover, it's ideal for those who are beginners, because you don't have to spend a lot of time living there and also maybe it's not too draining to do market analysis. On the other hand, yes, as you said, maybe it's not the best but I think it can be a pretty good solution instead of you wasting a lot of time waiting for the lowest price like $15k, maybe only for those who are lucky who can get that low price in the current condition. As we know the state of the bitcoin price is now experiencing a correction in the range of $25k and the history of movement in the last few months also dominates bullish, so that means it is very unlikely that the price will touch $15k in the next few weeks or months.
Yes it is true, the best seolisi do use DCA, this will be able to minimize losses and will make you calmer from the cruel price fluctuations, so take advantage of it.

I'm pretty sure that those who are waiting for the price of bitcoin to fall are more numerous than those who never buy bitcoin. Because the more the price falls the more they want it to fall and eventually bitcoin bounces and they say it's too high to buy. They are people who are both scared and greedy so they will never buy bitcoin and we should not care or give advice to such people. It's just a waste of our time.

Indeed, with a volatile and almost unpredictable asset like bitcoin, the DCA strategy is the most suitable but it is difficult to understand why so many people are always looking and waiting for the bottom to buy bitcoin but ignore DCA. By using DCA, I am pretty sure we will never miss the bottom of bitcoin.

Dickiy

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Quote from: Inwestour on September 08, 2023, 06:26:03 AM

Quote from: irhact on September 08, 2023, 03:04:15 AM

If we keep waiting for the bottom, we can't buy any Bitcoin and we'll be filled with regrets when the market starts recovering and we didn't buy any bitcoin. For every dip that happens to the market we should buy Bitcoin based on the spare cash we have available. We don't have to wait until we have very large sum of money before we start buying Bitcoin, we can buy through DCA. DCA make it possible for you not to spend so much money buying Bitcoin when you could buy it cheaper.

If you keep thinking you'll wait for the bottom of Bitcoin, you'll always have doubt about the bottom because after every dip, there's always more possibility of the market dipping more and you'll keep telling yourself that you'll buy at the next dip until you miss buying entirely.

I am also of the opinion that DCA can give us the opportunity to get a good average purchase price. It may not be the best compared to what we can get if we wait for the bottom and try to buy everything in one transaction, but how many lucky investors will there be who are able to wait and buy at 15k? If there are, then there will be only a few of them, it is difficult to catch the bottom, and DCA will allow many investors to get a good price if they accumulate bitcoin in a bear market.

That's right, I think with DCA it will make it easier for you to invest. Moreover, it's ideal for those who are beginners, because you don't have to spend a lot of time living there and also maybe it's not too draining to do market analysis. On the other hand, yes, as you said, maybe it's not the best but I think it can be a pretty good solution instead of you wasting a lot of time waiting for the lowest price like $15k, maybe only for those who are lucky who can get that low price in the current condition. As we know the state of the bitcoin price is now experiencing a correction in the range of $25k and the history of movement in the last few months also dominates bullish, so that means it is very unlikely that the price will touch $15k in the next few weeks or months.
Yes it is true, the best seolisi do use DCA, this will be able to minimize losses and will make you calmer from the cruel price fluctuations, so take advantage of it.

Inwestour

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Quote from: irhact on September 08, 2023, 03:04:15 AM

If we keep waiting for the bottom, we can't buy any Bitcoin and we'll be filled with regrets when the market starts recovering and we didn't buy any bitcoin. For every dip that happens to the market we should buy Bitcoin based on the spare cash we have available. We don't have to wait until we have very large sum of money before we start buying Bitcoin, we can buy through DCA. DCA make it possible for you not to spend so much money buying Bitcoin when you could buy it cheaper.

If you keep thinking you'll wait for the bottom of Bitcoin, you'll always have doubt about the bottom because after every dip, there's always more possibility of the market dipping more and you'll keep telling yourself that you'll buy at the next dip until you miss buying entirely.

I am also of the opinion that DCA can give us the opportunity to get a good average purchase price. It may not be the best compared to what we can get if we wait for the bottom and try to buy everything in one transaction, but how many lucky investors will there be who are able to wait and buy at 15k? If there are, then there will be only a few of them, it is difficult to catch the bottom, and DCA will allow many investors to get a good price if they accumulate bitcoin in a bear market.

Y3shot

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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.

irhact

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Quote from: wiss19 on August 28, 2023, 02:05:23 AM

It's obviously not wise to keep waiting for the bottom and don't buy when the market has already taken a plunge, this is why DCA is a very useful method for accumulating cryptocurrencies during the dips because if you buy with everything you have and then the market dips even more, you will regret your decisions, and the same will happen if the market recovers back without going any further declines, you will still feel bad for not buying when the time was right.

If we keep waiting for the bottom, we can't buy any Bitcoin and we'll be filled with regrets when the market starts recovering and we didn't buy any bitcoin. For every dip that happens to the market we should buy Bitcoin based on the spare cash we have available. We don't have to wait until we have very large sum of money before we start buying Bitcoin, we can buy through DCA. DCA make it possible for you not to spend so much money buying Bitcoin when you could buy it cheaper.

If you keep thinking you'll wait for the bottom of Bitcoin, you'll always have doubt about the bottom because after every dip, there's always more possibility of the market dipping more and you'll keep telling yourself that you'll buy at the next dip until you miss buying entirely.

tjtonmoy

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Quote from: SmartCharpa on September 07, 2023, 02:51:36 AM

~Snip

Also, HODLing is not an easy job. People make it sound so easy yet it is hard. We need emotion control, know how to keep our coins safe, and most importantly when to sell in order to make the best profits. Even after you sell and make a profit, never regret if you sell early or late and not at the very top. If you run after those small changes in the market, you will make more losses instead. So be happy with what you get and have no regrets. Make a target beforehand. This will ensure no emotional interference.

Seems complicated enough but with practice and experience, you will get the idea pretty quickly. Also, you can sell in multiple sells and with different price targets. Reverse DCA I suppose you can call it(LOL). Anyway, sell and book your profits and wait for another opportunity. It will come again and be sure to be ready for it.

red4slash

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Quote from: superman184 on August 25, 2023, 12:21:38 PM

Quote from: Victorik on August 25, 2023, 10:29:50 AM

The fact is just find a good entry point that you are comfortable with and buy. A dip today was once an all time high, so what if you buy and it dips further?

If someone has bought at a certain price point and then the price has fallen far from the price he once bought, then the key is to be patient and store Bitcoin or whatever you have purchased in a safe place. Because as long as he is holding it and not selling at a lower price, he is not considered a loser because he still has enough time to wait for the next increase in Bitcoin or in whatever he has bought. So a person's level of consistency will be more visible when he is willing to survive when tested by falling prices in the market.

We can't always be in the situation that we want, for example we buy bitcoin and then the price goes up, I think that's a very difficult moment to get. This is where we have to learn that holding bitcoin requires enormous patience, and I would say if there are people who do not have patience they are not recommended to be here, because in my opinion it is the same as torturing themselves.
We must have a strategy in this case, I mean we must prepare for the possibilities that will occur, we buy at a price of 30k for example, then later the price drops to 25k, well we must be able to anticipate that by not making a full purchase of the money we hold, and that strategy is a popular one that we call DCA.

SmartCharpa

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Quote from: tjtonmoy on August 23, 2023, 06:52:20 AM

There is no right or wrong time when buying Bitcoin. When you enter the market, that's when your time starts, so it doesn't matter if you are buying the dip or the top. Give it the right time, and you will be making the profits for which you have invested for. It's all about holding for a long time. The more you hold, the more profit you can gain from Bitcoin investment.

Maybe you will make less profit, but you will be making profit from the car investment if you have the will to hold for a long term. Buying at low price will always give you advantage of making good profits. This whole we are market is an opportunity for us to fill our bags with more Bitcoin which you can buy at low price. Pinpointing the bottom is very hard, and you don't know when the price will be bullish again. This is why it is always advised to do DCA.

That's what some investors need to understand about cryptocurrencies: you can't just join them and start making profits right away; it takes time and patience to learn how to profit from them. This is all about long-term investing, but some people seem to think that cryptocurrencies are just an easy way to get rich quickly. For instance, with bitcoin, we know that the price can increase at any time and then drop again. But it is particularly horrible when some individuals have that attitude toward investing in cryptocurrencies. Buying at a cheap price or a high price doesn't ensure that you are going to make huge profits; it doesn't even matter just invest for a long time and have no doubt profits will come, because, regardless of how long it takes, the profits are what matter most.

serjent05

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Quote from: Russlenat on September 06, 2023, 05:44:36 PM

If you want to increase the volume of bitcoin in your portfolio, then make sure to maximize your bitcoin accumulation as well through buying in every dip or through DCA, buying every time you have the resources to make it happen. However, if you are into long term hodling, even if you buy at a higher price that will not bother you anymore, because you are going to sell when it only reaches its highest peak, and while the price is not impressive yet, patience will definitely help you more to hold it tight for a longer time.

If we are talking about maximizing Bitcoin accumulation, trading is the best way to do it. I agree that DCA every lower low is the safest approach, but it does not maximize the efficiency of Bitcoin accumulation because it does not take advantage of the volatility of the market. So if one has the knacks in trading, instead of being idle while waiting for every dip of Bitcoin, it is more time efficient if we do both DCA and trading.

Russlenat

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If you want to increase the volume of bitcoin in your portfolio, then make sure to maximize your bitcoin accumulation as well through buying in every dip or through DCA, buying every time you have the resources to make it happen. However, if you are into long term hodling, even if you buy at a higher price that will not bother you anymore, because you are going to sell when it only reaches its highest peak, and while the price is not impressive yet, patience will definitely help you more to hold it tight for a longer time.

koang

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

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

You are 100% Right.
Someday gold will be cheaper to manufacture, or they will come with a new technology that will make mining cheaper
Bitcoin supply and mining cannot be changed without consensus.
Just 21M Bitcoin! It's Ultimate scarcity. That's why Bitcoin is so valuable.

bayu7adi

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paper money is going away

Quote from: MFahad on September 06, 2023, 01:14:16 PM

Simple is that you have to see your buying price because you cannot sell your coin in a value lower than buying price for example you bought bitcoin when the price was 18k$ so surely you will have maximum amount at this stage as even the market is decrease in price but it is higher if we compared it with your buying rate.

Selling of bitcoin is not a good option when situations are like this because this bear market is not permanent but actually it is temporary which will end very soon. But selling is better for those who always get terrified when market goes down so instead of going towards wrong and defeated way one should clarify about the rate in which he can get benefit.

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.

MFahad

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Eloncoin.org - Mars, here we come!

Quote from: bayu7adi on August 24, 2023, 03:10:51 PM

Actually, this is what's causing confusion. Are you implying, at what time interval should we consider past prices as a valid benchmark?

Indeed, a few weeks ago, the BTC price stood higher than it does now, hovering around the $30k range. However, six months back, BTC was valued at $23k. If we stick to last week's prices, sure, it seems cheap, but if we take into account the value six months ago, it appears rather steep. As of now, the Bitcoin price sits at $26k.

Opting for gradual purchases would be more beneficial than comparing to historical prices. Additionally, BTC is currently at a support juncture, and if that level gives way, chances are the market will turn bearish. There's no telling what might occur before the halving period; surprises could manifest at any given moment.

Simple is that you have to see your buying price because you cannot sell your coin in a value lower than buying price for example you bought bitcoin when the price was 18k$ so surely you will have maximum amount at this stage as even the market is decrease in price but it is higher if we compared it with your buying rate.

Selling of bitcoin is not a good option when situations are like this because this bear market is not permanent but actually it is temporary which will end very soon. But selling is better for those who always get terrified when market goes down so instead of going towards wrong and defeated way one should clarify about the rate in which he can get benefit.

tjtonmoy

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Quote from: Outhue on August 28, 2023, 07:18:26 AM

~Snip

Well, those who bought the top are still making profits if they are smart enough. I am sure they did not put all their money in one go. If they are strong hodler, then they know their shit. They know how to diversify their investment. If you are in the game long enough, you will know that. Always keep some extra as a backup while investing in Bitcoin. No one knows what will happen and when a big opportunity will arrive. In order not to miss it, you need to always keep some separate funds. That will help you buy in other opportunities.

Those who have bought Bitcoin at the top, are not stuck to that one investment. I am sure they are focusing on other trades. Never put your all in one trade or trade with something that you can't afford to lose. So I don't have to tell those who bought at 69k. They already know. They are waiting for the bull run and focusing on other things. So that's that. If someone is not able to get the best out of trading, do DCA. It's your best friend till the next pump.

Outhue

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Quote from: tjtonmoy on August 23, 2023, 06:52:20 AM

There is no right or wrong time when buying Bitcoin. When you enter the market, that's when your time starts, so it doesn't matter if you are buying the dip or the top. Give it the right time, and you will be making the profits for which you have invested for. It's all about holding for a long time. The more you hold, the more profit you can gain from Bitcoin investment.

Maybe you will make less profit, but you will be making profit from the car investment if you have the will to hold for a long term. Buying at low price will always give you advantage of making good profits. This whole we are market is an opportunity for us to fill our bags with more Bitcoin which you can buy at low price. Pinpointing the bottom is very hard, and you don't know when the price will be bullish again. This is why it is always advised to do DCA.

Tell that to those who entered the market when Bitcoin was at 69k, even if they are very strong and they decide to hold, they won't make any gains until Bitcoin goes over 69k in the next bull market.

Buy at the top is not a good strategy, if anyone enters crypto market when the prices have already skyrocket, they should hold their horses and wait for bear market.

The best time to enter the crypto market will always be the bear market, not the bull market, all that's left is FOMO and it's more dangerous to get caught in FOMO.

Topic: Don't wait for the bottom without buying in the Dip. - page 3. (Read 1017 times)