Is anyone buying right now because they think we are at or close to the bottom? - page 3.

wxa7115

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Quote from: GeorgeJohn on September 27, 2022, 04:14:40 PM

The scenario from my perspective is that Bitcoin does not have bottom, at any point in time of Bitcoin falling it's the exact point of it's bottom, because, the bottom might come Three times before the year might run to the end, i believe that waiting for the before we can purchase bitcoins it's a wrong conception from my understanding of the market nature. If you want to buy Bitcoin don't listen to the news bottom, because waiting for the bottom, bitcoin can accelerate without a delay

At the end of the day we need to take a decision about whether or not we should buy bitcoin, it is easy to think that we should wait for the bottom before we buy bitcoin, but there are several problems with that.

To begin with it is impossible to know where the bottom is exactly going to be, which means that you could buy bitcoin thinking that its current level is the bottom only for you to be mistaken about this prediction, and if that happens then what are you going to do? Because that was not part of your plan, do you sell or do you keep holding? That hypothetical scenario should show us why trying to find the bottom is useless and why we need to buy bitcoin whenever we feel comfortable doing it.

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The scenario from my perspective is that Bitcoin does not have bottom, at any point in time of Bitcoin falling it's the exact point of it's bottom, because, the bottom might come Three times before the year might run to the end, i believe that waiting for the before we can purchase bitcoins it's a wrong conception from my understanding of the market nature. If you want to buy Bitcoin don't listen to the news bottom, because waiting for the bottom, bitcoin can accelerate without a delay

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Quote from: Fundamentals Of on September 27, 2022, 09:00:56 AM

I don't have reliable data that would provide support to my guess that there must be many people who are doing their best to gather as much funds as possible in order to take advantage of cheap Bitcoin. There are of course people on social media who are sharing that they are buying Bitcoin. Even Michael Saylor's Microstrategy has also shared that they are actually buying more Bitcoins during this bear season. So I think there really are people who believe that Bitcoin has already bottomed.

This is not unreasonable to believe. This level ($18k-$20k) is likely to be a reliable level when Bitcoin is down 71% from it's ATH and there is enough utility to buy Bitcoin from this position. Truly say many are buying at the moment and many are waiting for more dip. In this regard there are some whale buyers who are collecting bitcoins without any noise.

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Quote from: Reatim on September 27, 2022, 05:49:32 AM

Even if i think this is the bottom ? yet i wont deposit or convert everything in one basket , I have learn my lesson in this market and that is never to set in single coin , better to diversify at least the 30-40% of your total capital than just in all bitcoin.

Diversifying in what, another altcoin? You are very wrong if you think that you are diversifying just because you are buying other coins other than bitcoin, because all of those altcoin prices depend derectly on bitcoin performance. So when bitcoin goes up, they go up as well, and when bitcoin goes down, they go down even more.

If you really want to diversify your portfolio (which is not a bad thing btw), at least invest in something else that is not heavily corelated and affected by bitcoin price movement, like precious metals, land etc.

Quote from: Reatim on September 27, 2022, 05:49:32 AM

it is not that I don't trust this coin but this is how i see the market for years that I'm dealing here.

If you should have learned anything during those few years, its that bitcoin outperforms all of the other coins/tokens.

To answer OP, yes I am currently buying but not because I think that we are close to bottom but because I am using DCA investment method. And yeah, I don't think that it makes much sense to try time the bottom and then buy as its almost impossible. You may get lucky though, but that's all that it is, pure luck.

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I don't have reliable data that would provide support to my guess that there must be many people who are doing their best to gather as much funds as possible in order to take advantage of cheap Bitcoin. There are of course people on social media who are sharing that they are buying Bitcoin. Even Michael Saylor's Microstrategy has also shared that they are actually buying more Bitcoins during this bear season. So I think there really are people who believe that Bitcoin has already bottomed.

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Quote from: kotajikikox on September 27, 2022, 06:24:33 AM

but at least we are now standing above 20k in which i think a safest place for the investors, and looking at the bottom seems to be hard to see in any moment from now.

If we will keep looking for the biggest profit then we will not going anywhere because this volatile market will keep bringing the different ways, try to look at smaller but safer investments.

We can't predict whether this state is already at the bottom there is an economic crisis as inflation and war are still happening. It's still hard to determine when will people start to invest in crypto again. So taking a small profit from trading can help with everyday needs. But if we still have some sideline that can sustain our needs and buy extra crypto then do it but to those who is still holding their BTC better keep waiting before we sell it. Time will come that the market will recover.

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No one can say for sure whether Bitcoin will go down any further or whether it will pump. But currently the price of Bitcoin is standing at the price I think it is not bad to invest here for long term investment. If we look at the all time high of bitcoin then now we will see that Bitcoin price is more than 70% of it's All time high price , So I think even now if someone is doing Bitcoin investment then they can get more than three times this profit in Next Halving.

but at least we are now standing above 20k in which i think a safest place for the investors, and looking at the bottom seems to be hard to see in any moment from now.

If we will keep looking for the biggest profit then we will not going anywhere because this volatile market will keep bringing the different ways, try to look at smaller but safer investments.

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Quote from: edward500 on September 22, 2022, 06:36:42 PM

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

Even if i think this is the bottom ? yet i wont deposit or convert everything in one basket , I have learn my lesson in this market and that is never to set in single coin , better to diversify at least the 30-40% of your total capital than just in all bitcoin.
it is not that I don't trust this coin but this is how i see the market for years that I'm dealing here.
though I have nothing to convert now because all of my funds are in Holding and just waiting for the blow to sell out.

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Quote from: edward500 on September 22, 2022, 06:36:42 PM

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

At the currently stage, Maybe people are tired of seeing the constant decline in btc's price to keep purchasing on every dip thinking it's going to be the last one. Who invested a lot in bitcoin when the prince retracted to 40,000$, 30,000$ and 20,000$ won't have funds to continue investing every time bitcoin loses another support position, with the exception of whales who can manipulate the market, especially if bitcoin becomes too cheap.

I believe investors who aren't trading and think on long term are simply waiting at this point to see what is going to happen next in crypto world.

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Quote from: ultrloa on September 26, 2022, 08:55:09 AM

Quote from: traderethereum on September 26, 2022, 03:45:55 AM

Quote from: kotajikikox on September 26, 2022, 01:42:48 AM

I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

Some people will act as you do and only buy when they have the funds.
I think we can use your method because we must adjust it with our funds.
But it would be better if you have funds and can buy when a red candle appears on the market to buy more bitcoins.
And if you keep at it, you can accumulate a certain amount of bitcoin that will be ready to be sold at a high price.

We don't know yet if the red candle appears will be the lowest point or best position to enter since there are cases that the price would dump for more harder that's why we need to take action depends on the condition of the market and eliminate the fear since sometimes we will miss the opportunity if we continue to get afraid if huge dump came from certain coins. Maybe at some point if heavy red candle came that's the best time to enter and came short to gain since I think trading is much safer than doing long on bear market season.

Nobody knows the lowest price of Bitcoin, Bitcoin may still drop even lower and some people even believe Bitcoin could drop to $10k. It's scary if
it really happened, but on the other hand there is a possibility that the Bitcoin price will recover soon and could rise to as high as $30k. No one
can be sure which one is right, than we are confused about it and we end up delaying buying Bitcoin. My better advice is to buy Bitcoin
gradually, meaning that every time the Bitcoin price goes down we will buy Bitcoin. Then after buying Bitcoin we will hold Bitcoin until the target
we want is achieved, for Bitcoin and some of the top altcoins long term holding is better than trading. But for new projects it is better to use it
for short-term trading, because new projects are very risky, the price will drops drastically if holding for too long.

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Quote from: kotajikikox on September 26, 2022, 01:42:48 AM

I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

the problem with your strategy is that you can buy and the price drops considerably, of course if you are going to hodl in the long term it may not be of great importance to you, but from the point of view of maximizing profits the ideal is always to be able to buy the lowest possible and selling as high as possible, so even being able to buy at the bottom and sell there at the top is the most ideal, but it is a difficult task to know where the bottom is, so the person can choose to buy when the price fall a lot touch some very strong support, something like buy at 17500$ to 18000$ and then if the price drops below 17000$, buy again at 14000$ or if it falls below 14000$, buy at 10,000$, that is different to buy whenever you have money ignoring strong supports or the bottom

OP, I think people are buying because they believe that $17500 is the bottom and even if it drops below $17000 while people are long-term buying the price would easily go back to $17500 and go higher so it is a good move to buy now

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Quote from: traderethereum on September 26, 2022, 03:45:55 AM

Quote from: kotajikikox on September 26, 2022, 01:42:48 AM

I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

Some people will act as you do and only buy when they have the funds.
I think we can use your method because we must adjust it with our funds.
But it would be better if you have funds and can buy when a red candle appears on the market to buy more bitcoins.
And if you keep at it, you can accumulate a certain amount of bitcoin that will be ready to be sold at a high price.

We don't know yet if the red candle appears will be the lowest point or best position to enter since there are cases that the price would dump for more harder that's why we need to take action depends on the condition of the market and eliminate the fear since sometimes we will miss the opportunity if we continue to get afraid if huge dump came from certain coins. Maybe at some point if heavy red candle came that's the best time to enter and came short to gain since I think trading is much safer than doing long on bear market season.

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Sure, past performance is no guarantee of future results, but it's nice to imagine that the price of Bitcoin will eventually reach the skies again and we'll all be more than well-rewarded if we've bought in anywhere near the bottom over the past couple of months or so. The only thing certain at this point is that anyone who has bought over these past months is in better shape than someone who bought in at the top of the market.

If you're already in, great. Just hodl through it, and things will get better. It's a long road, but the good days will come back eventually. If you're going to invest in any asset, do your research and be brave. That is how smart investors make money. Be patient, watch the trends and study what has happened historically.

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Quote from: kotajikikox on September 26, 2022, 01:42:48 AM

I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

Some people will act as you do and only buy when they have the funds.
I think we can use your method because we must adjust it with our funds.
But it would be better if you have funds and can buy when a red candle appears on the market to buy more bitcoins.
And if you keep at it, you can accumulate a certain amount of bitcoin that will be ready to be sold at a high price.

kotajikikox

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I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

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Quote from: edward500 on September 22, 2022, 06:36:42 PM

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

Of course there are, in fact you can expect a lot of people to buy on every dips for the purpose of holding on in the long term. People take every opportunity to make a profit, it's not only taken advantage of by long term investors because maybe day traders or others can also take advantage of it in the short term.

Quote from: edward500 on September 22, 2022, 06:36:42 PM

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

You can expect some big investors to also have a good understanding of when they should buy bitcoin. Buy on dips is a good strategy for the long term and you should believe they are serious investors about this. Then from that, you can also buy bitcoin at any price so far as long as you understand the risks and can afford to lose.

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Quote from: jostorres on September 25, 2022, 04:48:20 PM

He already have the money but he is waiting for the bottom price. His wish might seem hard to achieve because we don't know if the price will return to its last bottom or not. The best thing that he can do is to just buy something using a portion of his money so that he still have a money left in case the price dips more.

Each of us has our own signal if when we will buy and maybe others will start buying once they think the ath or the bull run is near. I think there is nothing wrong with that but what could be wrong is when someone buys at the peak of the bull run. As for @fzkto he already said that he want to buy at the lowest possible price.

It's really difficult to make this a certainty because as you said things like this are difficult to be sure even with the research that has been done and all have their own standards, but we can also wait for false things in the end.
It's true that buying at the lowest price is a good thing but while you can still pay in installments why not because it's also not a bad decision.

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Quote from: edward500 on September 22, 2022, 06:36:42 PM

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I think we are now hitting the lowest price of bitcoin, at least for this year. I believe, it will start to pump up starting next month or November then gradually go down again. It is not a new all-time high pump, but it would still be higher than what we are seeing right now. If I am right, it is usually at this time of the year that it starts to have a mini pump.

Though I might be wrong, this is a good time to buy some bitcoin especially if you are not the type of person who wants to cost average.

I believe though that cost averaging is still the best approach to accumulating bitcoin. Then just purchase more when the price takes an extra dip.

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Quote from: Oceat on September 24, 2022, 06:52:00 PM

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I want to make a bitcoin purchase for a large amount for myself, but frankly the market does not inspire confidence in me. Bitcoin has been near the bottom too often and is approaching its previous bottom. I've bought bitcoin many times before just before the fall and I don't want to get into that situation again. Although I still think it's a good time to buy, I'd rather refrain for a while, maybe until next month.

Why would you bulk buy some BTC when you could just buy whenever you have some extra money? If you think you just need to buy because it's near in the ATH, that's so wrong since you are making yourself to get the less profit once it goes down. Instead of waiting for the right time to buy some BTC, you can start accumulating even small sats of BTC if you have the money since the important part is how you buy cheaper price of Bitcoin instead of waiting for the expensive one when it's near in the bull market.

He already have the money but he is waiting for the bottom price. His wish might seem hard to achieve because we don't know if the price will return to its last bottom or not. The best thing that he can do is to just buy something using a portion of his money so that he still have a money left in case the price dips more.

Each of us has our own signal if when we will buy and maybe others will start buying once they think the ath or the bull run is near. I think there is nothing wrong with that but what could be wrong is when someone buys at the peak of the bull run. As for @fzkto he already said that he want to buy at the lowest possible price.

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Quote from: edward500 on September 22, 2022, 06:36:42 PM

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

I think a lot of people are still buying bitcoins, especially if the price can drop further. Most of those people still have a lot of money to buy bitcoins. As long as you can analyze when you can start buying, you will have more opportunities to buy when the decline occurs. Some traders buy when there is a decline and sell when there is an increase. This can be profitable for them, especially if the price can increase higher than the purchase price.

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