Regardless of where the price of Bitcoin ends, I will buy more at every discount price level, I don't mind holding for longer than a year or two since I only buy the percentage of funds that I can do without for a long time and this is the best possible approach for me personally as this have helped me to accumulate more Bitcoin along the way down.
I always buy a huge percentage of Bitcoin when the price is at a dip level, compared to when the price of Bitcoin is relatively high, There is a level at the price of Bitcoin will be, and I will restrain from buying for some time, till when the price drop a little, since I already understand the market cycles around Bitcoin.
Topic: Don't wait for the bottom without buying in the Dip. - page 8. (Read 1067 times)
The best strategy, I think is to split your investment funds into parts and then go for DCA. 99% investors believe that btc will rise even if if we see some more dips. As btc price is not predictable and we don't know the bottom then buying at current price is good opportunity but we should keep fund also. Now If btc price start rising, then will not regret. similarly if price further downs then there is opportunity to buy more which will lower our buying average price..
People who are still waiting for dip are those who will say this word if btc down to 10k. I know many users around me who was saying when btc trading around 16k that btc will down to 8k and then we will take entry. If they had taken entry at that time, their btc would have almost 2x now. I am in the favor of buying low and sell high again and again with 10%-50% profit but still i like to hold 10% for long term according to D option.
People who are still waiting for dip are those who will say this word if btc down to 10k. I know many users around me who was saying when btc trading around 16k that btc will down to 8k and then we will take entry. If they had taken entry at that time, their btc would have almost 2x now. I am in the favor of buying low and sell high again and again with 10%-50% profit but still i like to hold 10% for long term according to D option.
What i understand about the market now is that only people who believe in BTC take the opportunity to actually buy when the price is low and cheaper to afford, the weaker hands do not buy this time, they buy when the price starts to rise fast, this is when the fear of missing out makes a lot of people rush into the network and they make the price that was already rising to move up faster.
If you talk to the average person about buying BTC now, you will find out that too many of them will be uninterested, but if we suddenly go on a fast rise in price, that is when they become interested and will also want to buy to avoid missing out.
If you talk to the average person about buying BTC now, you will find out that too many of them will be uninterested, but if we suddenly go on a fast rise in price, that is when they become interested and will also want to buy to avoid missing out.
Most people will still wait for the bottom price and not start buying even though the current price is lower than yesterday's price.
But sadly, people will not know when bitcoin will bottom out and by the time they do, they will be behind because the price has started to increase and can't hit the bottom anymore.
They want to buy at the lowest price but don't place a buy order and wait for the price to hit the bottom before they buy.
I suggest buying at a lot of low prices but not too close together so that any dips that occur in the market can fill your buy orders so you won't be left behind to buy at the lowest prices.
But sadly, people will not know when bitcoin will bottom out and by the time they do, they will be behind because the price has started to increase and can't hit the bottom anymore.
They want to buy at the lowest price but don't place a buy order and wait for the price to hit the bottom before they buy.
I suggest buying at a lot of low prices but not too close together so that any dips that occur in the market can fill your buy orders so you won't be left behind to buy at the lowest prices.
Nobody can time the bottom, you’re extremely unlikely to be able to buy the absolute bottom (if it’s not in already @ 15.8k or whatever it was). We are currently at support but anything near ir below 20k is a great buy. Don’t obsess with the bottom, the time to buy is when everybody else is panicking. I don’t see much panic right now so maybe there is another leg down. Bitcoin will be over 100k before 2026 though so there isn’t much difference between buying now or at 21k for example.
Everything just needs to be simplified, so this is the conclusion Bitcoin with the pattern is always the same and it is proven how the lowest price moves to the highest price and the pattern will continue to be repeated. But what we're not doing is fixing the time this year, next year, or whatever. In essence, are you willing to bet or not? based on the belief that the current Bitcoin price will not see much in the future. Longtime investors don't say much, they already know they have to accumulate while it's happening and then enjoy the bull market. However, witnessing how the activities of new investors who continue to weigh short-term profits always ends with an unclear decision.
I believe op's right that waiting for Bitcoin to reach the bottom without buying it in the meantime can easily lead to missing a chance to buy at a low price. The truth is, when Bitcoin's going down, people tend to wait for it to go even further down, but then when it's suddenly rising fast, people start buying at a significantly higher price than if they started when it was bearish. But there are different strategies and different goals, so things just don't work the same way for everyone. If a person's more comfortable with DCA, for example, that's perfectly fine as well.
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
Yea, a lot of people were also expecting such, but the Bitcoin price seems to always have a different way of doing things on its own, as it appears that it's nearly impossible to get an accurate price prediction. But one thing that's for sure is that we will definitely see a new ATH in the coming years, so there are fewer things to worry about provided that we are not in a hurry to sell out our holdings.
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we need to buy the dip, even if we are waiting for the bottom,
I agree with your buying strategy, as today's DIP might turn out to be tomorrow's weekly ATH. Buying as you go is always the best, just as you have explained. One might be waiting for the price to dump more to the bottom, but in the process of waiting, the reverse will be the case. That's why DCA is usually the best way to accumulate, as it usually creates room for this. There's no need to wait until the price has dropped to the button, but you can just start accumulating depending on the amount you have to spend.
If one is lucky enough to meet a dip while planning to buy some bitcoin, that could be considered an added advantage, as you will have the opportunity to buy more at a cheaper price.
One thing I have realised in Bitcoin is that when ever we see an opportunity to buy, just do it.
Rumors are that many people from 2019 are still waiting for Bitcoin to drop below 1000 USD. 
Jokes aside, looking how Bitcoin has performed over the past years, people waiting to buy the Dip might be quite a lot and it's really sad to imagine how many profits have been missed by waiting too long.
Of course, we can also get lucky to wait for Bitcoin to drop even more but statistically, waiting to buy Bitcoin and hoping for lower prices has been a costly decision, overally.
One thing I have realised in Bitcoin is that when ever we see an opportunity to buy, just do it. Why should we ignore the king? That's the question I always ask myself. If Bitcoin should go lower than the price I bid few weeks ago, I'll still buy the new price low.
In fact, the strategy I use now, Dual Investment. I have been saying it because is very useful to me. Especially now that I don't really look at the market to where my next buy will be. I'd leave it to do its work and then till whenever the price goes up.
With this, I know I have accumulated as much as I can and benefit from the surge afterwards
In fact, the strategy I use now, Dual Investment. I have been saying it because is very useful to me. Especially now that I don't really look at the market to where my next buy will be. I'd leave it to do its work and then till whenever the price goes up.
With this, I know I have accumulated as much as I can and benefit from the surge afterwards
I understand what the OP is saying about what envisions is a preference in a better position than you know, honestly I personally believe investing has different strategies on each individual, we If we are in a common environment, it's about taking a chance with it or accepting the change it creates.
Even if I buy at the ATH price, I understand there will be a new ATH one day, and at the moment there are many different speculations in this market, in the context of them falling and DCA being so bad. a certain threshold (~ $15000 ) followed by a waiting period for the new ATH.
Even if I buy at the ATH price, I understand there will be a new ATH one day, and at the moment there are many different speculations in this market, in the context of them falling and DCA being so bad. a certain threshold (~ $15000 ) followed by a waiting period for the new ATH.
You will have to improve your speculating skills, this might help you to assume within the right confines. I knew Bitcoin would not reach $40,000 this year and I still hold the view, not to talk of $60,000. Even with $28,000, it was easy to know that it would hit it, it's clear after satisfying some breakout conditions.
In his defense, he was/is not the only one who predicted Bitcoin to get to $40k this year. I know $60k is too much and reaching but $40k was realistic. My prediction for Bitcoin was between $35k to $40k
I don't believe Bitcoin can get to $40,000 this year anymore, but a part of me still believes it can get to $35,000. It's not too late. If it can go down from $30k to $25k right now, then I believe it can also go up from 25k to 35k.
We've seen Bitcoin go up 7% within hours recently. I still have faith that it can get that high, but I can't bet my money on it though
. You will have to improve your speculating skills, this might help you to assume within the right confines. I knew Bitcoin would not reach $40,000 this year and I still hold the view, not to talk of $60,000. Even with $28,000, it was easy to know that it would hit it, it's clear after satisfying some breakout conditions.
I however buy your idea for buying the coin at the current low or at subsequent lows. The market is tricky and dynamic, no one perfectly knows what it will do. So, DCAing from the current cheap price is not a bad idea.
I however buy your idea for buying the coin at the current low or at subsequent lows. The market is tricky and dynamic, no one perfectly knows what it will do. So, DCAing from the current cheap price is not a bad idea.
If you see price of Bitcoin its very much stable near 26k$ for last 4 to 5 days. Price of Bitcoin is highly unpredictable and we cant predict with certainty that what price of Bitcoin will be on year end or even on month end.
Current price of Bitcoin is good for accumulation, as 26k$ is giving strong support and there is very much chance that Bitcoin may regain its previous value of 30k$ from this point. If you have spare cash then its good point to buy some Bitcoin from it.
You never knows where is a bottom before you already missed it. Because when you know it is a bottom, the market already moves upwards away from its bottom. Mostly you will not have chance to see that bottom again but even the bottom is retested two or few times, you will still miss it by your hesitation and uncertainty.
Buying dips or buying up bottoms is good for accumulation but waiting for bottom is what we did at least few times. After missing chances a few times by waiting for bottom, we will learn that it is impossible and if we want to accumulate a favorite coin, we must do it with Dollar Cost Averaging and better for accumulation with dips. Bottom or not, it's not big deal.
Buying in a bottom range is the best we can do and buying at an exact bottom price is impossible.
Buying dips or buying up bottoms is good for accumulation but waiting for bottom is what we did at least few times. After missing chances a few times by waiting for bottom, we will learn that it is impossible and if we want to accumulate a favorite coin, we must do it with Dollar Cost Averaging and better for accumulation with dips. Bottom or not, it's not big deal.
Buying in a bottom range is the best we can do and buying at an exact bottom price is impossible.
Bitcoin's exact price bottom is what doesn't fall in the hands of any man, this is why buying the dip is the only way to avoid missing out and becoming a paperweight all because you sit on your hands and fail to buy anything.
I don't understand how some are so confident that Bitcoin will see 10,000 before they start buying Bitcoin, they believe that buying the DIP is a waste of money, one said to me that instead of buying the DIP you will make more money if you use all those money to buy at 10k, what makes them believe that 10k will happen? It's GREED.
Greediness isn't always about aiming for 1 million per Bitcoin when you are already in big profit, greediness is also the reason why they want Bitcoin to reach 10k before they start buying, they want the best entry ever and they want the biggest ROI ever, I doubt such people ever grow.
Just keep using DCA, and avoid what may or may not come to pass, this is your best bet.
I don't understand how some are so confident that Bitcoin will see 10,000 before they start buying Bitcoin, they believe that buying the DIP is a waste of money, one said to me that instead of buying the DIP you will make more money if you use all those money to buy at 10k, what makes them believe that 10k will happen? It's GREED.
Greediness isn't always about aiming for 1 million per Bitcoin when you are already in big profit, greediness is also the reason why they want Bitcoin to reach 10k before they start buying, they want the best entry ever and they want the biggest ROI ever, I doubt such people ever grow.
Just keep using DCA, and avoid what may or may not come to pass, this is your best bet.
Am not sure what are the plans of those who wanted to wait for complete bottoming
when the truth is? it is so hard to timing , because mostly before the bottoming , we are not here to rush instead crypto investing is waiting time .
we have seen many that wrongly treat bitcoin and they are now a big losers.
when the truth is? it is so hard to timing , because mostly before the bottoming , we are not here to rush instead crypto investing is waiting time .
we have seen many that wrongly treat bitcoin and they are now a big losers.
Many greed for more and hence they miss the best opportunity to buy the coins for cheap. If you are able to buy the coins under 25k usd, then consider yourself lucky and buy the coin irrespective of its price. You should start accumulating the coins when you see a dip. If you expect that bitcoins will go more down and then only you will buy then definitely you will miss the best price where Bitcoins can be brought. I won’t advice anyone to buy, the smart ones already know what need to be done.
Looking at the market, it can still deep more so we can wait a little before buying more tokens even with that, all these Ard just mere speculations and the market can decide to do whatever it likes.anu cryptocurrency influencers had speculted the market of starting bullish momentum to have started before now and it is still obvious that we are in the bear market waiting for when the bull will commence. If the bill start in moment for now, people that have portfolio of Bitcoin and altcoins will benefit from the spike.
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.
A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
This is how you tell it all. It is the reason that backs the infamous DCA strategy towards bitcoin investment. You get to invest the much you have when you have not minding the price at the time and be rest assured that bitcoin would pump some day.A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
The price of bitcoin is highly volatile and unpredictable. It’s the one thing that helps the keeps the coin going and the project from those who would just come hunting for profit from taking what they will and leave without any proper plan on hodling through the various market conditions.
Your best bet or proper plan would be, to buy and hodl for an indefinite time and you need a lot of patience to do that. This would bring you in luck with all the good things that would happen within the space.
Am not sure what are the plans of those who wanted to wait for complete bottoming
when the truth is? it is so hard to timing , because mostly before the bottoming , we are not here to rush instead crypto investing is waiting time .
we have seen many that wrongly treat bitcoin and they are now a big losers.
when the truth is? it is so hard to timing , because mostly before the bottoming , we are not here to rush instead crypto investing is waiting time .
we have seen many that wrongly treat bitcoin and they are now a big losers.
Of course, who wouldn't like to buy when the price is at a discount, and we have heard this advise before. But it seems that only smart investors knows this or at least bitcoiners who have been in the market seen how it bounce back in after a couple of weeks or months are going to take advantage of it.
So there is nothing wrong with this advise, at $25,xxx it could really be cheap and just imagine if the price jumps like $100,xxx in the next bull run. Obviously, it's a big profit and so we need to take advantage of this kind of golden opportunity at it might not happen at least for this year.
So there is nothing wrong with this advise, at $25,xxx it could really be cheap and just imagine if the price jumps like $100,xxx in the next bull run. Obviously, it's a big profit and so we need to take advantage of this kind of golden opportunity at it might not happen at least for this year.
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