Is anyone buying right now because they think we are at or close to the bottom? - page 5.

Russlenat

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Quote from: agustina2 on September 22, 2022, 06:44:06 PM

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.

We have no statistics to refer to that but obviously, there are always buying at any given price. On how strong the buy is, you can check the buy orders at some trading platforms and from there, try to make a conclusion on what's going on.

If you are in that situation where you are still confused about what to do, you need to have the guts to decide to buy at the current price.

It's regrettable to see the price is climbing up again and you will be left with the concern, "if only I buy at the lower price".

The bear season is definitely the best time to buy, its either you buy all in or do DCA, it's up to you. What is important is that you never let this opportunities make you regret in the end. So if you want not to repeat the same mistakes again and up regretting, then better don't be late in buying cheap bitcoin and established altcoins. Regardless if we are near to the bottom or not, what is important is that we were able to store a lot of promising coins before the bull run hits the market.

el kaka22

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I am. I mean I haven't in a while because I just made a huge debt for myself and it is going to take until December to pay them off so I won't be able to buy anytime soon. But I bought it at these levels before, and I would have right now if I had any money.

I was thinking about maybe taking a bank loan, nothing big like maybe a thousand dollars, and put the debt into smaller pieces, like 50 bucks a month type of deal for 24 months or whatever, and that way I would be able to both pay that back, and would not have to rush. Either pay it back until December with huge amounts and get rid of it and buy more crypto with leftovers, or pay until December and be rid of debt.

dataispower

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Quote from: Solosanz on September 23, 2022, 10:51:47 AM

Yes, only smart people that currently keep buying Bitcoin right now because it's still get a discount. Stupid people will scared and keep asking when Bitcoin will reach the bottom, just like you created this thread.

people who buy bitcoins more now is the people who knows the techniques of cryptocurrency. No things someone being stupid for investment, because investing in Bitcoin is base on your choice of understanding the market and your target of investing in cryptocurrency, some people condensed so low to know that the best time someone can invest cryptocurrency is during the dip market. And anyone who's new for cryptocurrency investment will not like to buy during the dip market, because of it's understanding of the market. I believe that people who buy now is the people that passed this experience before, and they have target of buying now. Some of the investors do buy to hodl for long term, and some of investors too do buy and resell to make a small quantity of profit, any investor most be scared of investment because it don't want to fall into lost

Webetcoins

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Why will they buy now if they think we are close to the bottom? I mean they can just wait for the actual bottom and have a better discount but I don't think we are going down. What im only seeing right now is another recovery. Sooner or later we are above 20k dollars again. Bitcoin is volatile so after reaching a certain price point, it's always possible for btc to move again in another direction.

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.

Some of those who do dollar cost averaging are also using a fiat/cash to buy a bitcoin. For those who don't do dca they can buy btc now because they are buying rarely and who knows, the next time they have a large fund again, btc may not be this cheap.

OgNasty

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I'm buying weekly at the moment. Under $20K to me seems like an opportunity. I'm even considering buying back in with the BTC I sold at much higher levels. I don't want to because that's not what I cashed it out for, but if we take another leg down into the $13K range, it will be difficult for me to hold onto my cash.

I don't know what the ultimate bottom will be, but I do believe fairly strongly that the 2025 high is going to be significantly higher than the 2022 low. A guessing man might say as much as 20x higher.

ShowOff

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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?

Buy now or later doesn't really matter, but since bitcoin price is currently in a bearish phase since late last year, then I think buying now is advisable. In my opinion, this is the right time to accumulate if you want to invest in the long term. But do a DCA as the current price may drop deeper even when you see the market recovery taking place for some time.

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.

If you are really serious about bitcoin investment, then you should take advantage of this downtrend for your long term investment. This means you can make a purchase, but always consider some good strategies and only do it for the amount you can afford to lose.

STT

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Cant estimate a bottom price confidentially when the Dollar is trending into higher values continually. BTC managing to maintain levels under pressure I find relatively bullish but it wont be obvious till negative pressure from the Dollar abates.
For a currency of trillions traded globally, to see this amount of movement so rapidly within a week is quite remarkable:

Since the June low for BTC the other side of the equation in dollar has been gaining over 10%, this helps to suppress any nominal gains in BTC. It might be a clearer picture in other currencies outside of dollar which are not gaining or changing value so often.

KingsDen

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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.

It doesn't matter in which ever way that one buys bitcoin, the end point is that they are buying bitcoin. What you call small bitcoin purchases might be big one for people and what you call large amount could be small for others. That is just the difference between you and micro strategy.

Here is the bottom, buy, buy and buy, there is no regrets. Which other bottom are we looking at or are we looking for? Even if bitcoin will go to 15k, the difference is not much again from where we are now. Even if it's going to 10k, we are still in same region, do do not be decieved, buy bitcoin.

Solosanz

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Yes, only smart people that currently keep buying Bitcoin right now because it's still get a discount. Stupid people will scared and keep asking when Bitcoin will reach the bottom, just like you created this thread.

We're currently suffering from high inflation, the value of our fiat will continue to decrease. If anyone have idle money to invest, why they're not convert their fiat to Bitcoin? also to reduce the risk, they can do averaging down until Bitcoin hit the bottom.

Lucius

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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 may be wrong, but it doesn't seem to me that any of the big ones are seriously buying, although of course there are ways for them to do it quietly in the background without affecting the price too much. They, like most of us, know that we can't be sure if we've hit the bottom, and they also know that until now the big bull runs have always come after the halving - so it's logical that there's a lot of caution about whether now is the right time or not.

For small investors who buy for a few hundred $ it doesn't really make too much of a difference if they buy now or if they wait until the price drops 20% or more, but for those who buy hundreds or thousands of Bitcoins the amount of money they can save is far greater. I think the price speaks the most, the supply is far greater than the demand, and inflation is forcing more and more people to sell what they have been collecting for years.

Swordsoffreedom

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Quote from: Baofeng on September 23, 2022, 07:48:46 AM

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.

As I have said, this might be the case, we are down like -60% from our all time high, so you can accumulate at this price buy in bulk and simply hold. There's nothing wrong with DCA though, I guess it's depends on how we wanted to purchase. But in the end, there is nothing wrong to buy at this price. You can also buy when the price hits $15k or even lower.

There is nothing wrong with buying some quantity at the current price as our target is long term and bitcoin price has fallen a lot from ATH, possibly very close to the bottom. But that wouldn't be the best idea, because if bitcoin keeps dropping to 15k as you assume we won't have a chance to buy bitcoin at a better price because we already spent all our money buying it at price $19k. DCA is to help us optimize profits as well as limit risks in the best way, so it is always considered the best strategy in every bearish cycle.

YOSHIE

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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?

The market is currently unstable sometimes today up 2% tomorrow down 1.5%, many crypto experts and crypto users are speculating at this time, considering the market is difficult to predict, I once read in one source about investing and buying crypto in 2022/23.

From what I read, I understand and judge, many crypto users are currently buying Bitcoin at $19k, but they are not buying all of them, they believe Bitcoin hasn't bottomed out yet and they will buy again when Bitcoin really is at its lowest, bottom line: they are investing and buying Bitcoin right now, hoping Bitcoin can hit $60-70k in the next few years, for that in this case the conclusion: to buy Bitcoin is currently up to the user himself, sure do, not sure don't buy, which is clear if you target the price of Bitcoin to the level of $60-70k it might be a good consideration.

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Quote from: ethereumhunter on September 23, 2022, 06:35:23 AM

I bought it when it hit $18k yesterday and am still keeping it to this day because I think it will go up to another $20k. I think some people will buy at various prices, especially when the price drops drastically and these are the people have been serious about investing in bitcoin for a long time. We have to pay attention to how much money we want to use to invest in bitcoin and we should be able to buy at a low price. As long as your goal of investing in bitcoin is for the long term, you don't need to panic about the rise and fall of bitcoin prices because, in the future, bitcoin prices will rise high.

That’s why it’s good to monitor or keep record of all the buy and sell we do during this bear market. I make sure to buy some BTC as much as possible until the price rise again. I record the price I bought some of BTC for future reference. We know the price might take long to rise again but atleast I’ll be able to know if I’m fine to sell that BTC in a certain amount.

Coin_trader

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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.

There will be no news in regards with Feds and inflation on US so there will be room for relief on buying Bitcoin. It’s advisable to DCA now if you plan to accumulate on this bear market because the price might pump again above 20K on the end of the month because that will the closing of monthly candle while we are still red right now. Closing the monthly candle on above middle part is always happening at the end of the month to fill the gap for the next month candle.

I think we can only see lower lows on Bitcoin price next month and not on the last week of the month because there’s no source of bad news that can drive the price down again like inflation.

Baofeng

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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?

Smart investors are mostly buying in the range of $18k. It's as close to the lower lows we have seen this year ($17,500), so at $18k-$19k is a good buying point.

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.

As I have said, this might be the case, we are down like -60% from our all time high, so you can accumulate at this price buy in bulk and simply hold. There's nothing wrong with DCA though, I guess it's depends on how we wanted to purchase. But in the end, there is nothing wrong to buy at this price. You can also buy when the price hits $15k or even lower.

ethereumhunter

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I bought it when it hit $18k yesterday and am still keeping it to this day because I think it will go up to another $20k. I think some people will buy at various prices, especially when the price drops drastically and these are the people have been serious about investing in bitcoin for a long time. We have to pay attention to how much money we want to use to invest in bitcoin and we should be able to buy at a low price. As long as your goal of investing in bitcoin is for the long term, you don't need to panic about the rise and fall of bitcoin prices because, in the future, bitcoin prices will rise high.

hugeblack

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If we are not at the bottom, we are very close to the bottom, and in nights, buying at the moment is not considered a long-term risk, prices such as 12 thousand and 17 thousand will all make profits if Bitcoin rises to levels above 100 thousand dollars.
In the short term, a purchase of 15% to 30% will not hurt.

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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.

As a seasoned or professional investor, no one will take the time to figure out what is the lowest price and what is the highest price, because they know it's impossible. Once bitcoin price drops below 50% or 70% it will be a good time to start shopping and no one buys a large amount of bitcoins at once they will always implement the DCA strategy.

There are still some people who wait to buy in bulk once, because they are confident in their analysis, but this is not a wise strategy because the market is very unpredictable. You see even big whales buy using DCA strategy, as MicroStrategy recently announced to buy more bitcoin at $19.8k, shows that no one dares to assert anything in this market.

mk4

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I'm still buying despite me thinking that our economic situation is totally shite. I'm not really going big on purchases though, as me buying in this market is just me hedging the fact that I could definitely be very wrong for being short-mid term bearish. Just a heads up that you shouldn't go all in on one side of a trade — always hedge.

EarnOnVictor

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You've done well by clarifying that your question is towards the holders as it will help in answering properly based on the reduced risk of holding compared to future trading and others.

Although Bitcoin is still bearish on the long-term trend, yet, it can't do much more in selling anymore. If it has not bottomed for the year at the low of June at $17625.00 yet, it would only do a little by pressing lower the level as buyers are piling up at the bottom and lower prices from it.

In a nutshell, it will not be harmful to begin buying Bitcoin at the current level as the risk to its holders is minimal.

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