Topic: How much Bitcoin have you bought under $4000 on this dip? - page 2. (Read 463 times)

I haven't been able to buy a lot at current prices due to outside financial commitments. It's a shame that Christmas is coming up because a lot of my disposable income is being diverted towards that. I do think that the price will stay around the current level for some months so maybe once the festivities are over I can load up some more.

I don't think so. The Ethereum bubble may have pushed Bitcoin to $3K, but Bitcoin didn't start its parabolic run until Segwit starting being locked in. Resolving the block size debate and activating Segwit put the bull run into overdrive.


Most people said the same thing and wouldn't touch crypto with a barge pole in 2015 either, when the price was in the $200s. But here we are.

You completely ignore fundamentals.
Bitcoin proved how unscalable it is last Dec. The altcoin market specifically icos has been killed by regulations and gov intervention, and rightfully so. The only reason bitcoin went to $20k was because of the ethereum shitcoin ico use case, which has been squashed.
We may go down under $1k at this point, because in the end it's all about use cases and demand, which isn't looking bullish to me. What needs to happen now is mainstream adoption, and most people wouldn't touch crypto with a barge pole.

possibly, although i think buying into an initial pullback will allow better entry than that.

you're also assuming that we're already near the bottom. i don't think targets like $1500 are impossible. it's always safer to bet the trend rather than catch a falling knife. if the decline gets worse, patience will have paid off. if not, your strategy will have paid off. like you say, to each his own.

that's why it all comes down to individual investors' approach to risk. some might be okay catching knives and holding through more decline. others are better off waiting.

Unless of course you still don't buy in as you are saying. If you wait for clear signs of a bull market and not just a trap then you'll be buying in probably back at the $6k-$7k level anyways.

I absolutely thought $6000s was the bottom, but I didn't plan on buying in, I was waiting until I get a lot of money in January, but when the price dropped 40% from what I thought was the bottom thats a crazy good deal, so yeah I'm loading up as much as I can right now. To each their own, but at these prices I don't know why anyone would wait to buy. At the very least I think the best path this next half year is to steadily buy, so you cost average the bottom. I'm buying as much as I can right now just in case $3000s doesn't last long, but I'll have a lot more money to throw at Bitcoin by late January, if the price is even lower then that's incredible, if it's the same then that's amazing, if it's higher then I'll be glad I picked up as much as I could under $4k now to bring down my average cost a little bit.

Everyone with money on the side should be buying now or at least starting to buy now and continuing to buy in the months to come before the price starts going back up (whenever that is - I'm guessing it'll be by mid-2019) and we see signs of the next bull market. I was thinking about holding back a good amount of money now in case it dips again to $3000 or even under, but then I realized we're already equal to previous crashes now, so I'd feel very stupid later on if I watched the price sit at over 80% off the peak and didn't buying in because I was extra greedy and thought it might dip a few percent lower, whereas I will feel great buying in at this price and missing the absolute bottom by a little bit. Just like you don't want to catch a falling knife, you also don't want to try to perfectly time the bottom cuz you're almost guaranteed to miss it. Dollar cost averaging the bottom is the way to go. The money I have now is only about 10% of the money I'll be putting in since most of my money will come to me in January, so right now its all about making sure, no matter if the price is up or down in a couple months, that I get in a decent amount of buying under $4k.

it all depends on one's mindset around risk. many people felt the same way about the $6000-$7000 area---that it was the "bottom range"---but here we are trading in the $3000s now. those who were patiently waiting for signs of recovery before buying in now can afford much more coins.

there's also the psychological aspect. for most people, holding through a bear market is painful and difficult. it's much easier on the emotions to buy into a bull market, even if it means missing the bottom.

Interesting. Now sure why you view buying when its low as "random". The crash is now on par with previous crashes, so we are very likely right in range of the bottom of this cycle.

Instead of waiting until it starts going up showing evidence of the next boom, at which point you missed the bottom, I'd rather buy at a fantastic price (what i think is highly likely the bottom range). Nothing random about it, just buying for super cheap. If I waited until there were sure signs of a new bull market starting I'd have to buy in likely at 5 or 6 thousand. Sure it's possible it could go lower still, and I'll hopefully have money to buy in at that price too if it does happen. But this seems to be in the bottom range so I'm eating up as much bitcoin as i can at these low prices. I guess if you aren't sure it will recover I could see your point, but I have no doubt the market will recover so waiting for a higher price once it start recovering is not a good strategy for me because it means I get less for my money.

Nothing. What's the point of randomly buying because it's under $4000? I will buy when it shows signs of recovery, otherwise it's just a gamble. Bitcoin attempted to bounce recently, we clearly rejected from the exponential moving averages and we were unable to create higher highs, right now bitcoin is still really bearish, definitely looks like we will break the last low $3652. If we don't it can be a good opportunity to buy but only if the bulls show enough strength.

I haven't bought. I probably won't buy unless we go to extreme lows like sub-$2000, as a hail mary while we're still above the long term trend. I already reached the number of coins I set as a goal years ago so I'm not too concerned about missing the boat. Now I'm mostly concerned about churning out that dirty fiat money (trading and such) so I can pay the bills without selling my cold storage coins.

As for trading, I'm not willing to long this yet. I think we're going lower.

I'm at 1.02 BTC at $3860 average so far the past few weeks!

This is the time to load up for the next years long cycle.