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Topic: Expectation Rock Bottom Level Bitcoin - page 2. (Read 270 times)

legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 15, 2022, 06:53:49 AM
#11
I understand that the expectation is that between 10k-13k will be the Bitcoin value before it steady will go up. But could it be that at 16k it will hold and grow from there?
No one knows, but based on experience, when we expect something, the opposite happened. Just like in the last bull run, we thought that $100k could be the highest, but we didn't reach that price.

So expect the unexpected as others will say.

And it's just a question on how you are going to cope if the price suddenly goes down to $10k-$13k levels, are you ready to buy more? or still wait still?

if in case, we will hit rock bottom like 10k level, guess, a lot of whales will be buying that dip. and so eventually, the price will bounce back. but indeed, in this market, it is full of surprises. we can't exactly predict what will happen next. this will be another history in the making if in case we will go down to that price level. time to stash your satoshis before it is too late.
hero member
Activity: 2660
Merit: 551
November 15, 2022, 06:53:34 AM
#10
I understand that the expectation is that between 10k-13k will be the Bitcoin value before it steady will go up. But could it be that at 16k it will hold and grow from there?

The possibility is there, we thought that $17,500 could be the bottom for this year and yet it was broken when we have an FTX collapsed.

And so we still have the bearish market till next year, 2023, so who knows, maybe there will be another shake up due to some FUD or we will have another Terra Luna or FTX scenario that will put a dent on the market price. The sad thing is that it's not bitcoin's fault, but since we are all connected then we can't do anything about it.
hero member
Activity: 2870
Merit: 594
November 15, 2022, 06:48:22 AM
#9
I understand that the expectation is that between 10k-13k will be the Bitcoin value before it steady will go up. But could it be that at 16k it will hold and grow from there?
No one knows, but based on experience, when we expect something, the opposite happened. Just like in the last bull run, we thought that $100k could be the highest, but we didn't reach that price.

So expect the unexpected as others will say.

And it's just a question on how you are going to cope if the price suddenly goes down to $10k-$13k levels, are you ready to buy more? or still wait still?
legendary
Activity: 1722
Merit: 5937
November 15, 2022, 05:41:28 AM
#8
Thanks Rikafip, can you credit users here and how?
Np. By credit I guess you mean merit, so here you can find the guide about it. If you have any further questions how forum works I suggest you to check pinned messages in Meta and Beginners & Help sections (especially focus on the latter) as we are kinda offtopic here. And yeah, welcome to the forum. Smiley
newbie
Activity: 4
Merit: 0
November 15, 2022, 05:30:26 AM
#7
Thanks Rikafip, can you credit users here and how?
legendary
Activity: 1722
Merit: 5937
November 15, 2022, 05:12:41 AM
#6
Rikafip, thanks for your posting. What do you man with dollar cost average?
It is an investing method in which you divide the amount you plan to invest in several equal parts and you buy the asset in regular intervals, no matter the price. So for example, you mentioned that you want to invest $5k now; with DCA method you divide that amount to let's say 10 equal parts and every 2 weeks/month /etc you buy $500 worth of bitcoin.

Thing is, many people try to time the market to buy at the bottom, which they usually fail (unless very lucky) or sometimes not buy at all as they missed it so instead worrying over that, you simply buy bitcoin at regular intervals. Way less hassle and worrying, and it works very well if you plan to hold for longer period of time and not buying for a quick flip.  Keep in mind that there is a chance that you may profit more if you go all in now, but another reason why I prefer DCA is because it helped me to be more disciplined when investing.

Here is also an article about it https://www.investopedia.com/terms/d/dollarcostaveraging.asp
newbie
Activity: 4
Merit: 0
November 15, 2022, 05:01:43 AM
#5
if you are not sure about going all in (or afraid that bitcoin may go down even more), you might consider
using dollar cost average in order to have some funds ready if we dip lower.

Rikafip, thanks for your posting. What do you mean with dollar cost average?

UPDATE: Found it on internet, so invest in small amounts over time instead of all at once!
legendary
Activity: 1722
Merit: 5937
November 15, 2022, 04:53:27 AM
#4
Its entirely possible that bitcoin reached the bottom, but my gut feeling is telling me that we are not yet there, mainly because some other platform/exchange might be affected with what happened lately and that may unravel in coming months which could bring bitcoin even further down.

While current entry price is certainly good (and timing the bottom is practically impossible), if you are not sure about going all in (or afraid that bitcoin may go down even more), you might consider using dollar cost average in order to have some funds ready if we dip lower. At least that's what I have been doing for quite some time and so far it worked like a charm.
newbie
Activity: 4
Merit: 0
November 15, 2022, 04:45:39 AM
#3
Thanks for reply Boyptc.

I will invest 5k and can do long term investment.

So I estimate that in the long run, even today is a good time to invest.

hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
November 15, 2022, 04:34:33 AM
#2
I understand that the expectation is that between 10k-13k will be the Bitcoin value before it steady will go up. But could it be that at 16k it will hold and grow from there?
Just think of any possibility is there.

We can't hold the market from here and there. Just be open to any possibility that's for sure can happen since bitcoin is volatile in nature.

It can nosedive to $10k but it could also go back higher than the last ATH but, the matter on this one is that it will sure take a lot of time before it proceeds.
newbie
Activity: 4
Merit: 0
November 15, 2022, 04:22:17 AM
#1
I understand that the expectation is that between 10k-13k will be the Bitcoin value before it steady will go up. But could it be that at 16k it will hold and grow from there?
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