Topic: Don't wait for the bottom without buying in the Dip. - page 6. (Read 1076 times)

When Bitcoin got to $30,000, I'm among those persons that thought we won't see the $25k price mark again but I was wrong and Bitcoin took a trace back and it's currently sitting at $26.09k. There is no bottom especially for some persons that are hoping and expecting the price to go down further, the might miss this opportunity. All they have to do is to take a position and hodl because the market can turn green again at any time. The present market condition is always an opportunity for smart investors to buy the dip. As weak hands are offloading their Bitcoin, wise investors are buying and stacking their Bitcoin holdings.

If you have knowledge in trading with the technical analysis and how does the market works, economy and the smart money concept you can easy identify what are the possible signals that the market would do.
This serve as a preparation for your next buy or sell of your holdings. Not always dip is the bottom and not always pump is the ATH, if you prepare for this you can make a better position to execute your buy and sell opportunities

I'm trying to buy every Bitcoin dip in ownr wallet, not trying to guess the exact bottom.

The bigger your bag the better, and it doesn't matter if you bought the dip or the bottom.

I assume that Cryptomultiplier was more referring to the vast majority of so called traders who try to tell people what the bottom is, what the perfect dip is and when we finally have entered a bull run again. But in reality most of that is no better than blindly throwing darts at a dartboard. The number of people who are making gains from long-term day trading, shorting markets and using leverage is tiny. It is a small percentage of people who literally dedicate 24/7 to get their trades right most of the time.

But you brought up so called support levels and this is where the first big issue arises. What does any of those identified support levels help you when uncertainty hits and Bitcoin experiences a major blow because of an unexpected event? How many short positions from experienced high volume traders get squeezed on a regular basis? People say that those who lose even as experienced traders didn't show a sufficient level of self-control, but the fact rather is that they can't control for everything and day-trading makes you money only when you are in the market. But the risky tails of the probability distribution are what can kill significant positions from any trader.

I am sure that some have made consistent gains over a long period of time, but those who tell others that everyone can do it are just lying.

I'm DCAing in Bitcoin anyway. If it goes lower I'm trying to invest a little more. If it goes even lower sometimes I borrow some money, but not much to be able to pay it out easily.

No user or market analyst is able to predict the precise outcome of the match. Everything is some sort of assumption, coincidence, comparison with the previous year's price movement. Everything is on a cyclic process, so it is good to have a target set for buying rather than waiting for the bottom price. This could end up missing the opportunity to invest/buy at a better price.

Bitcoin price Is always volatile which anything can happen,  it is wrong to have so much confidence on the market that the price will always just be the same it was predicted. I think the best thing to do not to get disappointed with the market is to invest and never to assume the Market will get to a particular price at a particular time, doing this it will hard to be disappointed with market when it falls because you already know that something like this can happen. Just keep on hodling and never believe on assumptions because it can't be  true the way you reason about it.

I never understood what does "buying at the bottom" mean: how do you know where the bottom is? If it was something easy to do why would people buy at higher prices? Everyone would wait "for the bottom", no? The best strategy is to mediate your price buying more if it goes down, at least in that way you're not missing any buy opportunity. If you wait too long you may end up waiting forever...

That is how you think but but everyone has their own way of seeing the market. Though it is good you seek for experience investors for more advise.

Bitcoin price is unpredictable, but you can say what you feel that could happen to the price in the nearest future and that does not mean that the prediction might not against you thought. As for now the movement of bitcoin to rise up is very slow but the coming down is very fast so for bitcoin to reach at the price of 40$ or 60$ at the end of this year, I don't think it will be possible, and all what I can say in this is that, bitcoin will still come up before the year will end.

Buying now is one of the good advice for people who like to accumulate more. Though the price is still going down so some can still wait for the dip.

I think of it as an interesting one and a topic that will benefits someone's buying decision if they can really take the topic serious. As it will help who ever have plan of buying to buy without thinking about what the price of Bitcoin will be tomorrow, or if it will dump more in times to come, what one should really care about is what they have  in their holding wallet than expecting some large amount that can be bought using smaller amount when price will dump to their expectations which most times don't usually happen.

Usually, investors have thought that once the market is in the correction phase, they then think about the bottom price and wait before buying. But this is not a great idea, this is the reason why we miss buying the low price. Many times I've tried doing and because of the volatility of the market, it was hard to say that if it dumped today, it would still dump tomorrow as sometimes the course had changed already and we then missed the chance.

You cant really say that its a quack or wannabe but rather those people are simply to those who do love short trades and to those who do scalp out because trying out to look for the reversal would be the best sweet spot

on you to be placed on that possible bottom. Yes, it cant really be determined but since this market could really be having those support lines then for sure you would be at least having the idea on where you do make out
such entry. This is why i wont really be saying that they are just wanna be. It is really just do sucks that there were people who do still keep wishing on seeing the price of 20k or even below on which we know
that it isnt really that something realistic or something that cant really be possible due to strong supports that we do have on 25k level. No one did anticipate that 25k drop but it wasnt really that too deep.

Make actions basing up on your own analysis and understanding. Market is always been unpredictable and there's no way that we could really be able to determine on whats that turning point.

I'm not waiting for a deeper dip because I don't have the budget to accumulate. So far I've only hold on at price dumps in the last week, but this is fine for me. The same may be true of other users even if they suggest you buy on a dip, but I admit that is the best advice for building your investment portfolio over the long term.

If I were on a budget then I would also consider investing some of it in dips. But I'm not going to force myself to get a budget in any way, let alone make loans to other people or banks. The only thing I might be good at doing to get a budget is, sell some of my unused valuables and invest them in bitcoin.

If anyone always bother about trying to figure out the bottom before investing or buying crypto, such a one is not a serious full time trader or investor, but rather a quack or wannabe.

When there is a dip, as long as one is atuned to channels and social networks that publish such hints or signals, an investor or trader would know that it doesn't really matter the current status of market. Mostly if the strategy is more like DCA  or HoDling as some know it to be, the best thing is to regularly still buy, to keep up with the particular strategy. At worse, reduce the percentage.

For me I think constant monitoring of the market price is no valuable used because if you actually set your target at a specific amount in which you want to sell then you wouldn't be so monitoring on the price as to when it's going to go up or down but rather just be on track with the constant buying through DCA and only monitoring it when the price actually goes up and ready to hit your supposed target but that's obviously when you intend to buy and hold for long

I think investing in Bitcoin is more of a general conviction of and attitude towards the benefits of a decentralized financial system than it is about timing a market for maximum profits.

Really, nobody can tell what the bottom was before the next bull run happened. When I have excess liquidity and I decide to invest it in crypto, I don't check any graphs or wait for the next decision made by the FED and what not.

Do I believe in the technology? Yes.

Do I want to increase my holdings? Yes

Do I have money to increase my holdings without undermining any other important causes that I should save the money for? Yes - buy. No - wait.

All this "catching the bottom"-talk isn't logically consistent because, as I said, you only know a price was the bottom once it significantly went up again.

Unfortunately newbies want something perfect and they will be satisfied by many courses, signal groups that promise to give them knowledge and skills to find bottom of the market. They will need time in the market to digest knowledge they learn from those courses and signal groups then pay some cost and understand the fact from the market. Missing the bottom is not bad as they only miss great chance for good profit but if they bet with a bottom, they can lose capital.

Taking dips is risky but it has good reward/ risk ratio and usually it can help you to gain profit after a few days. If you take good dips and get good bounces from the market, you will have good profit very quickly. But risk is risk and no exclusion of risks from any market dip.

The forum has addressed this topic repeatedly, but accurately pinpointing the bottom of Bitcoin has eluded us. Based on my experience, predicting the precise bottom of the Bitcoin chart is beyond anyone's capability. Therefore, I advocate capitalizing on its volatility. Seize the opportunity when you come across a dip and embrace the associated risk, as profiting from crypto is unattainable without taking calculated risks. Bitcoin occasionally undergoes significant dips, which can serve as opportunities, rather than waiting indefinitely for further declines or the absolute bottom.

Bottom is an arbitrary expectations, and it's subjective. What you call bottom may he different from what another person thinks. Why will any serious person thinks of bitcoin price to bottom, that was how people were expecting the price before thales last halving to go back to $5k after it bounced back to $12k, guess what today, that has become a history because we are never going back their, not feeling too confident about that but the I feel, we have past that phase of bitcoin price and one day, $26k will be price of the past we may never see again, so buy while now that you have it at discount price.

Buying  the dip has its own challenge though, it's when there is no fiat available bitcoin price do dump and that makes me go crazy sometimes, it would have been great if we usually have price crash on monthly end but I have noticed that we do have monthly candle close and bitcoin price do retrace a little bit and then dump the following day of the new month or will stay there, and by time you wait without seeing any signal, the fiats would have been used for sorting out bills.

Yes i am fully agree with you. Don't wait for the bottom without buying in the Dip. Because Crypto currency market is always unpredictable. Anytime can happen anything. And anytime can move Bitcoin price. So we shouldn’t wait for bottom. For this DCA is better i think. We can buy bitcoin in every down then price will be reasonable and loss will be reduce. If we able to DCA then we well be profitable there has no doubt. Because Bitcoin price will must up. Now Bitcoin Price is  near about $26k and In 2021 Bitcoin price was $69k that whit was ATH till now. So i thik anyone shouldn’t wait for bottom.