Topic: Don't wait for the bottom without buying in the Dip. - page 9. (Read 1013 times)

Who ever thought we could get to $25,200 dip this soon, when we arrived at $26,000 we thought that may actually be the least for now before it may take some time to revive up, now that the market is currently unpredictable, there's more likely possibilities that the pump comes in more than anticipation as the price now rally round 26,200 going in now and choosing this period as an entry point id never a bad decision as well.


Ofcourse we are still in the dip, the market is currently on dump till we eventually achieve the all time high, any chances of investment should be well utilized.


Buying high or low is not what matters as knowing the appropriate target time to hold and release, time is what makes the maturity for what you've invested after which you must have hodl.

Many people speculated that due to the initial bull run movement that was shown in this year by bitcoin that the price of Bitcoin will likely reach 50,000 dollars and more this year. But as you said I am very much optimistic that bitcoin prices might not go beyond 40000 dollars this year.

Considering what Op is saying about buying the dip and not waiting for the bottom. I so much know that nobody knows the bottom. But at least we know the dip. It is better you buy the dip using the dollar cost averaging method and be consistent about it and you will not regret on the long run. Waiiting for the bottom is something newbies cannot do and even experts find it difficult to predict the exact bottom.

I quite agree with these points, and I know that the current price of Bitcoin is really on the dip, although some predictions are still suggesting that the price can go down a bit. It's wise to apply the dollar cost average strategy and keep accumulating now so that even if the price falls more, you will have some fiat to invest. I believe you understand what I mean. For example, if you have $10k that you wish to invest in Bitcoin and you feel that the price can fall more, you can just decide to invest $3k first, or 50% of your asset at first. Then you can keep the balance and keep DCAing with it, so that at the point of another dip in price, you will still have some fiat to invest. Your speculation about Bitcoin is very high, and I don't think Bitcoin can reach $60k this year; even $50k is kind of unlikely to happen, but we can't really be very accurate in our speculation, so let's hope for the best.

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. 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 a profit from that investment if you have the will to hold for the long term. Buying at a low price will always give you the advantage of making good profits. This market is an opportunity for us to fill our bags with more Bitcoin which you can buy at a 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.

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.

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.