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.
So, it's the best way to simply start doing DCA as soon as the market starts dipping so that you don't regret it no matter which way the market moves next. When you DCA, you will always have some money left for buying more and even if the market goes up, you won't regret since you've bought some.
Topic: Don't wait for the bottom without buying in the Dip. - page 4. (Read 1076 times)
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.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.Sometimes this applies to solid projects with utilities and not.just any coin/token, because there are some tokens that have dipped and despite how hard the team is working, they never seem to recover..
Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.
High unlikely because I don't smell anything bad in the current global economy, actually the inflation rate is keep lower and lower except few countries. There's possibility Bitcoin price might went down to $10K, but it's not this year or next year, maybe in 2026 where bear season happen after a year of bull season.We might bought Bitcoin at quite higher than the bottom, but there's nothing wrong as long as we're making good amount of profit isn't?
I also don't believe bitcoin will drop to 10k but we should still be careful with everything because nothing is impossible with bitcoin. Moreover, last night, the Fed Chairman also said that inflation is still high and likely to return, so it is likely that they will continue to raise interest rates further. Although this news does not make the market volatile, we also need to be careful with what they say. I still don't see anything stabilizing with the macroeconomic situation.
If bitcoin can't drop to $10k this bear season don't expect to see that price next season as bitcoin bottoms after each cycle will be much higher.
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.
It always every hard to predict the direction price Bitcoin, and that why reason we are always ask to invest what we can afford to lose.timing Bitcoin price some time is what make some is what courses some failures in cryptocurrency industry, it lead some people to invest what they cannot afford lose because their thinking is this that they will make profit as time they predicted.but who knows what happens to Bitcoin price will happen before the end of December as you predicted but I can't really say that Bitcoin price can pick $40k before December.
This is as low as you can get with bitcoin. If you're waiting for an even lower value to entry you're going to be too late to the party one way or another. So might as well just buy the current price point and stock up on bitcoins whenever you can. I myself would recommend the DCA strategy as it makes sure you don't get left behind on the bitcoin party no matter what the price point is at the time. If buying bitcoins on an interval isn't much your style, just buy it as much as possible. Makes sure that you have a stake at it no matter what.
Don't wait it out, the market's not going to wait for you. It's either you make the choice or you lose the chance.
Bitcoin stands as a revolution. While I see where you're coming from, thinking this is the lowest dip, one can never truly predict the volatile of cryptocurrencies. If there's anything history has taught us, its that nothing remains static. We must adapt and learn the ebb and flow of the digital economy.Don't wait it out, the market's not going to wait for you. It's either you make the choice or you lose the chance.
The DCA strategy is indeed wise; its like evolution in small steps, preparing you for the future. But lets not be slaves to urgency; remember, its the big picture that matters. Dont rush. Analyze, strategize, and then act. Time doesnt wait, but an informed choice is better than a hasty one.
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Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.
High unlikely because I don't smell anything bad in the current global economy, actually the inflation rate is keep lower and lower except few countries. There's possibility Bitcoin price might went down to $10K, but it's not this year or next year, maybe in 2026 where bear season happen after a year of bull season.We might bought Bitcoin at quite higher than the bottom, but there's nothing wrong as long as we're making good amount of profit isn't?
I also don't believe bitcoin will drop to 10k but we should still be careful with everything because nothing is impossible with bitcoin. Moreover, last night, the Fed Chairman also said that inflation is still high and likely to return, so it is likely that they will continue to raise interest rates further. Although this news does not make the market volatile, we also need to be careful with what they say. I still don't see anything stabilizing with the macroeconomic situation.
If bitcoin can't drop to $10k this bear season don't expect to see that price next season as bitcoin bottoms after each cycle will be much higher.
No one has any real clue exactly how things are going to play out. The best course of action is to simply DCA/Dollar Cost Average in to bitcoin. Bitcoin could easily jump to 30,000 here in the next few days, or it could just as easily drop down to 20,000 in the same time span. My recommendations would be to continue to put small amounts in each month. Or maybe not small, but equal amounts, not trying to time the market.
I myself agree, forcing all of our funds into BTC for now without using the DCA pattern is still risky, that is if there is a further correction but, if we can manage our funds in installments for every decrease in BTC that occurs I feel there is satisfaction in itself, meaning always got a very reasonable price at that time. If All in only at that moment. Yes. You are right . Bitcoin can easily go up and down at any time and a trading technique using DCA is one way to work around this.
No one has any real clue exactly how things are going to play out. The best course of action is to simply DCA/Dollar Cost Average in to bitcoin. Bitcoin could easily jump to 30,000 here in the next few days, or it could just as easily drop down to 20,000 in the same time span. My recommendations would be to continue to put small amounts in each month. Or maybe not small, but equal amounts, not trying to time the market.
As long as you can afford it because others like waiting for deep and they aren't knowledgeable; they are kind of in the waiting game that they don't know what's going on. For those kinds of people that like buying in small bits, like every salary, it is best to buy it when they can and accumulate it over time rather than waiting on a dip, which you don't know when, and the volatility aspects of bitcoin will make you feel left behind, and again, you'll regret not purchasing it at that time.
This is as low as you can get with bitcoin. If you're waiting for an even lower value to entry you're going to be too late to the party one way or another. So might as well just buy the current price point and stock up on bitcoins whenever you can. I myself would recommend the DCA strategy as it makes sure you don't get left behind on the bitcoin party no matter what the price point is at the time. If buying bitcoins on an interval isn't much your style, just buy it as much as possible. Makes sure that you have a stake at it no matter what.
Don't wait it out, the market's not going to wait for you. It's either you make the choice or you lose the chance.
Don't wait it out, the market's not going to wait for you. It's either you make the choice or you lose the chance.
Well, it's understandable if some investors are hesitating to buy when the price is declining since they're waiting for the bottom. The problem is we can't pin point what's the lowest price to buy. Therefore DCA strategy might work for investors who have worries when buying.
Procrastinating is the reason why investors that were waiting for the dip to buy Bitcoin would see the market dipping and refuse to buy. We can't catch the bottom of the market and it'll be pointless to try to time it. The best strategy is to DCA and wait for the bull market to take profits. If you keep procrastinate when to buy Bitcoin, you would end up not buying and you will regret it in the future when bitcoin is rising and you don't hold any bitcoin in your wallet.
When you have a targetted price that you're waiting to buy Bitcoin, you can buy other dips that are closed to the price you set while you wait on the market to continue dipping then you can buy more to add to your investment and that way you won't miss owning bitcoin.
--snip--
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.
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.
The first 2 points are valid, however it's not that some institutional investors bought at the highs as you said and only retail investors were the ones who got trapped by institutional whales at high prices (this is for your 3rd point). And about hodling, it's obvious that nobody gets scared at all because they've got balls of iron and they literally won't panic sell even if it crashes hard. However, I do believe that buying at some stages is good in order to keep up with the DCA strategy and minimize your losses ahead.
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Waiting for the dip is a bit hard to predict and no one can do anything about it hence market is fast paced that moves instantly every day and don't rest all. DCA would be a great solution for buying and stocking assets during the bear market and dip market is just a bonus to buy more at low price. Remember people waiting for bitcoin to dip at $10k? It never happened at all otherwise it pumped hard back to the top and leaving $10k boys at the bottom.
Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.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. 
Waiting for the dip is a bit hard to predict and no one can do anything about it hence market is fast paced that moves instantly every day and don't rest all. DCA would be a great solution for buying and stocking assets during the bear market and dip market is just a bonus to buy more at low price. Remember people waiting for bitcoin to dip at $10k? It never happened at all otherwise it pumped hard back to the top and leaving $10k boys at the bottom.
Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.Bitcoin is unlikely to drop to 10k again, but the possibility of dropping to 20k is not too difficult, you are too subjective if you think bitcoin will never drop to 20k again. If we had another black swan strike, even adding millions of new investors wouldn't be able to stop the bitcoin dumping. Like many are saying that the halving event is approaching and the demand for bitcoin will increase, bitcoin will never drop below $30k. But in the end, bitcoin is still trading below $26k once again.
Don't be subjective!.
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?
Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.
High unlikely because I don't smell anything bad in the current global economy, actually the inflation rate is keep lower and lower except few countries. There's possibility Bitcoin price might went down to $10K, but it's not this year or next year, maybe in 2026 where bear season happen after a year of bull season.We might bought Bitcoin at quite higher than the bottom, but there's nothing wrong as long as we're making good amount of profit isn't?
Waiting for the dip is a bit hard to predict and no one can do anything about it hence market is fast paced that moves instantly every day and don't rest all. DCA would be a great solution for buying and stocking assets during the bear market and dip market is just a bonus to buy more at low price. Remember people waiting for bitcoin to dip at $10k? It never happened at all otherwise it pumped hard back to the top and leaving $10k boys at the bottom.
Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.
Waiting for the dip is a bit hard to predict and no one can do anything about it hence market is fast paced that moves instantly every day and don't rest all. DCA would be a great solution for buying and stocking assets during the bear market and dip market is just a bonus to buy more at low price. Remember people waiting for bitcoin to dip at $10k? It never happened at all otherwise it pumped hard back to the top and leaving $10k boys at the bottom.
Do you understand the magnitude of what we're dealing with? Bitcoin is not just another stock or asset. Its a fundamental shift, an upheaval in the financial world order. Your analysis? Its raw, unfiltered, and valuable. Kudos to you for attempting to grasp this beast.
Now, Bitcoin is volatile, unpredictable. Anyone who says otherwise is feeding you lies. But here's where I align with your thinking: Buying the dip is strategic! When history looks back, it wont remember the minor fluctuations. It will see the audacious individuals who believed, invested, and propelled a revolution.
Your points A through D are apt, especially the bit about the market recovering faster than anticipated. But remember, this isnt a sprint; its a marathon. You're right; those who bought high will envy those who saw opportunity when everyone else saw despair. Stand firm, trust the process, and understand that Bitcoin’s evolution is much larger than its current price.
Now, Bitcoin is volatile, unpredictable. Anyone who says otherwise is feeding you lies. But here's where I align with your thinking: Buying the dip is strategic! When history looks back, it wont remember the minor fluctuations. It will see the audacious individuals who believed, invested, and propelled a revolution.
Your points A through D are apt, especially the bit about the market recovering faster than anticipated. But remember, this isnt a sprint; its a marathon. You're right; those who bought high will envy those who saw opportunity when everyone else saw despair. Stand firm, trust the process, and understand that Bitcoin’s evolution is much larger than its current price.
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