Is buying BTC now, the best option ??? - page 2.

DanWalker

hero member

Activity: 1960

Merit: 547

DGbet.fun - Crypto Sportsbook

Quote from: Mahanton on June 21, 2023, 05:52:40 PM

Buying now? If you are going for long term then it wont really be an issue but if you are making some futures trading or making out some scalping
then expect that there would be some possible rejection on 30k point if it wont be able to sustain this level but who knows right? This is where risks management or taking would kick in.

I don't trade futures, so I don't know anything about them and have no advice. But if we are long-term investors, we can buy now or wait because 2023 is not yet a real bull market. I think there will be many more corrections, and the opportunity for us to buy cheaper than current prices is still this year. But I advise people just to buy more, limit selling and wait for the price to fall back to buy because it's all guesswork, there's no guarantee the price will definitely fall again.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: KiaKia on June 21, 2023, 02:02:05 PM

Bitcoin price is surging today and many people are so excited about the pump, if you have long traded Bitcoin a day ago using futures trading, you are already in very good gains right now, but my advice is there is always a room for correction, Bitcoin will one time correct itself when it pumps so high, do not forget that we are in a bear market still, so we can still drop again.

Those who are expecting Bitcoin to go lower are seeing what is happening right now, you are seeing this opportunity right in front of you, but your greedy desires won't let you DCA, do not worry, more opportunities will show up in this very 2023, but once this year is gone, you will know that you've missed the bull train, all you will have to show is regrets.

For those people who had bought around 26400-26800 are now definitely making up some profits considering it did make out some pump recently which that was the best time to buy and i was able to accumulate into that point considering that there are some extreme fear and hesitation towards the market due to too much negative news which i did presume that there might be some sudden u-turn of events despite of those extreme regulation FUDS on which its never been something new. Buying now? If you are going for long term then it wont really be an issue but if you are making some futures trading or making out some scalping
then expect that there would be some possible rejection on 30k point if it wont be able to sustain this level but who knows right? This is where risks management or taking would kick in.

KiaKia

sr. member

Activity: 728

Merit: 388

DGbet.fun - Crypto Sportsbook

Bitcoin price is surging today and many people are so excited about the pump, if you have long traded Bitcoin a day ago using futures trading, you are already in very good gains right now, but my advice is there is always a room for correction, Bitcoin will one time correct itself when it pumps so high, do not forget that we are in a bear market still, so we can still drop again.

Those who are expecting Bitcoin to go lower are seeing what is happening right now, you are seeing this opportunity right in front of you, but your greedy desires won't let you DCA, do not worry, more opportunities will show up in this very 2023, but once this year is gone, you will know that you've missed the bull train, all you will have to show is regrets.

19Nov16

sr. member

Activity: 1722

Merit: 252

Today the price rises more than 10% and it seems that this week the price will touch $ 30k, I'm sure many are sorry when a few days ago the price is around $ 25k, and in my opinion we are not too late to buy because the potential price will continue to rise. If we wait, we will regret it because the price will be more expensive.

Mario Yamasaki

member

Activity: 737

Merit: 11

The best strategy for success and getting maximum profit is to buy when it's cheap, many experts suggest to buy now before the price skyrocketed, and if we compare it with the highest price that has happened, of course the best option now is to continue to buy, the best time has come and don't ever ever forget it.

Mr.suevie

sr. member

Activity: 546

Merit: 342

Quote from: Mr. Magkaisa on June 17, 2023, 08:57:07 AM

- If you are a long-term investor, yes, it is time to buy Bitcoin now in the market then hold. Do DCA as much as you can, because this is the only effective way to accumulate Bitcoin little by little while there is no bull run.

The only important thing is to position yourself as long as the bull run is far away, we still have a few months before the bitcoin halving arrives and at least you definitely have holdings that can give us a profit for sure today.

Well I will agree that now is the best time to buy but I don't think it will be solely based on the halving that is fast approaching, why? Yes because the whole volatility of bitcoin is actually hard to tell when this suspected bull might come around but due to events that have transpired in previous halving almost everyone in the crypto space expects that we might hit a bull run by then but this question alway runs in my mind and the question is what if this time around the events that follows the halving went against the pump of BTC?.

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: Wend on May 28, 2023, 10:28:31 AM

I also find this true, this is the habit of many people, they refuse to buy when they see bitcoin drop and say they will buy when the price goes lower, but they still never buy when the price drops further. But as soon as bitcoin rose, they rushed to buy in a frenzy for fear of missing the train.

Not stopping there, many people don't even own too much bitcoin but always want the bull market and bitcoin to hit a new ATH. I'm really confused about what those people are thinking because if they don't have a lot of bitcoins, what will they earn when they hit the new ATH?

Purple refuses to buy bitcoin when price goes down because they are in fear of losing money but they forget that this is actually an accurate time to buy bitcoin. Buying at higher cost is not a suitable way of earning or making profit and those who are already in fear of losing money should avoid buying at higher cost.

I think that those who have little amount of bitcoin should must wait for higher cost because it does not matter that you have little or larger profit but profit is achievement and this little profit will continue of way of making greater profit by utilizing little sum and profit.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: ajiz138 on June 17, 2023, 12:40:06 PM

Yes, I think with the DCA strategy, I expect it to grow from time to time, but I only look at the history of the 4 year cycle, so I think it would be very appropriate if we do DCA for 4 years.
I know that dips are buying dips and we have to understand about normal market movements when there is a dips that lead to crashes it's the right time to buy dips when it's the most appropriate moment, but I can't do that because from a financial point of view at mine I just prefer DCA even if it's small at $10 but at least bitcoin holdings grow weekly and don't need to buy dips for some other reason.
With a note by buying dips I think it's a good result they buy every dips they just need to manage their time and finances to be ready when the market crashes again.

But if you're hoping that Bitcoin's price movement will remain cyclical and we'll still have the 4-year cycles in the future, and if you intend to do the DCA for 4 years and then (I assume) you intend to sell - then wouldn't it make much more sense to (at very least) apply some sort of DCA/buy-the-dip hybrid strategy, where you either:
- make regular DCA purchases but only in periods when Bitcoin is cheap (according to the 4-year cycle metrics), or
- keep making regular purchases throughout the entire 4-year period, but increase $ amounts when BTC is trading low and decrease when it's high.

Sounds like the only argument for doing the classic DCA is just convenience.

ajiz138

hero member

Activity: 1498

Merit: 785

Quote from: pawel7777 on June 16, 2023, 05:17:47 PM

Quote from: ajiz138 on June 16, 2023, 01:27:53 PM

By buying the lump sum method, you really have to be able to identify market trends because even a slight decrease is worth the bitcoins you get, but if you do it with DCA, you don't need to do it that way DCA only needs to be consistent every week/month because there will be an accumulation of prices at an even average, but it depends on the strategy they want.

DCA is a useful strategy especially when you expect price to grow over time but are not sure will the price be moving in cycles. But historically speaking, those who were aiming to buy only during the dips (or what looked like a possible dip) note better results than those doing the DCA. Of course buying the dips require more analysis, but it's not like you have to time the market perfectly. Sometimes all it takes is to avoid buying at what looks like a peak of the hype, or just buy when moods are low.

Yes, I think with the DCA strategy, I expect it to grow from time to time, but I only look at the history of the 4 year cycle, so I think it would be very appropriate if we do DCA for 4 years.
I know that dips are buying dips and we have to understand about normal market movements when there is a dips that lead to crashes it's the right time to buy dips when it's the most appropriate moment, but I can't do that because from a financial point of view at mine I just prefer DCA even if it's small at $10 but at least bitcoin holdings grow weekly and don't need to buy dips for some other reason.
With a note by buying dips I think it's a good result they buy every dips they just need to manage their time and finances to be ready when the market crashes again.

Mr. Magkaisa

sr. member

Activity: 952

Merit: 303

- If you are a long-term investor, yes, it is time to buy Bitcoin now in the market then hold. Do DCA as much as you can, because this is the only effective way to accumulate Bitcoin little by little while there is no bull run.

The only important thing is to position yourself as long as the bull run is far away, we still have a few months before the bitcoin halving arrives and at least you definitely have holdings that can give us a profit for sure today.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: erep on June 16, 2023, 05:46:27 PM

We can never accurately predict market cycles so we need to do DCA to avoid buying all investment funds at a certain price at once, because according to our predictions that the market price has reached the most dips but the actual price is much lower than the price we predicted, I think nothing the best analysis of the DCA strategy for adding assets to the crypto portfolio because we have distributed investment funds gradually, even if the next bearish market occurs we still have some funds from the opportunity to buy at the lowest price.

There's no single, superior strategy that would work best for everyone, if that were a case, everyone would be using it already and there will be no need for discussion.
DCA is no different. While it is the most convenient and does not require any price analysis, it does not guarantee the best results. I've seen some analysis some time ago saying that the "buying the dip" BTC investors noted on average better results than those using the DCA - but that's not to say that this will be true in the future.
With dip buying, you don't have to time the market perfectly, all it takes to roughly identify where the price is, i.e. if we break the new ATH, we're probably not at the bottom, or if we drop >60% from the ATH, it's possibly a good time to start buying.
And it's not like we cannot combine those 2 strategies - do DCA but withhold from buying (or reduce the amount) when we're likely at the top of the hype etc.

erep

hero member

Activity: 2282

Merit: 589

Quote from: pawel7777 on June 16, 2023, 05:17:47 PM

But historically speaking, those who were aiming to buy only during the dips (or what looked like a possible dip) note better results than those doing the DCA. Of course buying the dips require more analysis, but it's not like you have to time the market perfectly.

We can never accurately predict market cycles so we need to do DCA to avoid buying all investment funds at a certain price at once, because according to our predictions that the market price has reached the most dips but the actual price is much lower than the price we predicted, I think nothing the best analysis of the DCA strategy for adding assets to the crypto portfolio because we have distributed investment funds gradually, even if the next bearish market occurs we still have some funds from the opportunity to buy at the lowest price.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: ajiz138 on June 16, 2023, 01:27:53 PM

By buying the lump sum method, you really have to be able to identify market trends because even a slight decrease is worth the bitcoins you get, but if you do it with DCA, you don't need to do it that way DCA only needs to be consistent every week/month because there will be an accumulation of prices at an even average, but it depends on the strategy they want.

DCA is a useful strategy especially when you expect price to grow over time but are not sure will the price be moving in cycles. But historically speaking, those who were aiming to buy only during the dips (or what looked like a possible dip) note better results than those doing the DCA. Of course buying the dips require more analysis, but it's not like you have to time the market perfectly. Sometimes all it takes is to avoid buying at what looks like a peak of the hype, or just buy when moods are low.

ginsan

hero member

Activity: 1358

Merit: 627

Quote from: Nrcewker on June 16, 2023, 11:10:21 AM

Buying BTC can never go wrong. We should always buy the coin, don’t take stress about the price. We have seen Bitcoin’s capabilities earlier and we know how far it can go. Bitcoins are limited in numbers, hence very rare. So when the demand to buy the coin will increase, the price will automatically go up in order to meet the demand. Hence it is advisable to buy the coins always in a regular interval. So yes OP, currently buying the Bitcoins is the best option possible.

We have seen the decline that occurred this week where if they are still asking when is the right time to buy btc the answer is at this time. There is nothing to care about the price because if we continue to delay buying it is likely that we will always be in the shadow of being left behind to add btc to our portfolio. Well like you said btc will be more scarce in the future because bitcoin has a supply of 21 million. So for that, I estimate that the decline that occurred this week is a small correction that can be used to enter and buy gradually.

For next year, we will come to the halving, which is an important event that is eagerly awaited by btc holders and hopes that we will go to a better rally at the end of this year. Previously, news about sec and all kinds of fud caused the price of btc to fall, but we have seen that btc is very strong and we just need time.

ajiz138

hero member

Activity: 1498

Merit: 785

Quote from: pawel7777 on June 15, 2023, 05:25:56 PM

Whether it is or isn't a good time to buy should not depend on your current holdings. Why would you propose "no-coiners" to buy now and to those who already hold to wait for a deeper dip? This makes no sense.

With ownership let it not be bothered anymore because building bitcoin ownership is a little more difficult to expect more so if you already have capital then the time is now to start again but if you are waiting that is uncertain that makes it more complicated even when the price has been discounted want more discounted price and it is a temperamental exposed people.

Quote from: pawel7777 on June 15, 2023, 05:25:56 PM

But yeah, for those who want to enter with a lump sum and not do the DCA, I'd probably wait a little longer to see how the current situation will unfold. You can't time the market perfectly anyway so it's all about identifying the price trend.

By buying the lump sum method, you really have to be able to identify market trends because even a slight decrease is worth the bitcoins you get, but if you do it with DCA, you don't need to do it that way DCA only needs to be consistent every week/month because there will be an accumulation of prices at an even average, but it depends on the strategy they want.

STT

legendary

Activity: 4102

Merit: 1454

Price is lower, easily arguable as a better time to buy. You must carry an umbrella to shield from all the gloom raining down but everything has a use and lower prices are there to serve those who required that lower price to be involved in BTC. The Dollar has its own problems, every currency has its own dynamics to carry and dollar has alot of debt occurring. Due to the known schedule of debt, in future more dollars will exist from debt repayment in Trillions. As a ratio we know today that a greater supply of dollars to BTC will exist in future. This can equate to a higher price in BTC presuming demand is just level. If BTC demand rose in parallel it will greatly raise BTC price.

Nrcewker

copper member

Activity: 2394

Merit: 539

DGbet.fun - Crypto Sportsbook

Buying BTC can never go wrong. We should always buy the coin, don’t take stress about the price. We have seen Bitcoin’s capabilities earlier and we know how far it can go. Bitcoins are limited in numbers, hence very rare. So when the demand to buy the coin will increase, the price will automatically go up in order to meet the demand. Hence it is advisable to buy the coins always in a regular interval. So yes OP, currently buying the Bitcoins is the best option possible.

Bushdark

sr. member

Activity: 1008

Merit: 262

20BET - Premium Casino & Sportsbook

Buying Bitcoin now can be a good option because we don't even know if the market is going to keep falling or take another trend. It will be wise if we can buy small now and see if the market is going to fall more so that we can buy more and keep them for the future. Bitcoin is the major trend that control the market and we need to keep our eyes down and hold as long as we can till when we shall be experiencing the bull market. Bitcoin had been moving in an upward direction since and we hope to see the a new change in trend to a bull market.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: uneng on June 13, 2023, 12:57:10 PM

Yes, the price can still fall more yet due to the recent news involving regulators in US and Binance. The market is heavily apprehensive and relying on the next events to draw the tendency. For those who don't have any satoshis on their pockets I think it's a good time to enter the investment and guarantee their holdings for the future, but for those who already have decent chunks of BTC on their wallets, it might worth to wait a little more for a new dump, so they can make some extra profit by purchasing cheaper BTC.

Whether it is or isn't a good time to buy should not depend on your current holdings. Why would you propose "no-coiners" to buy now and to those who already hold to wait for a deeper dip? This makes no sense.

But yeah, for those who want to enter with a lump sum and not do the DCA, I'd probably wait a little longer to see how the current situation will unfold. You can't time the market perfectly anyway so it's all about identifying the price trend.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: lunnatic on June 13, 2023, 10:34:41 AM

Quote from: 19Nov16 on June 13, 2023, 03:16:31 AM

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

In my opinion, don't be too hasty to buy Bitcoin now, because the bearish is still strong and a dump can also happen again,
indeed you suggested buy on $ 25.7 but for me the price still has the potential to fall again below $ 25k,
so it's better to just accumulate it at the $ 20 level k to $28k.

Yes, the price can still fall more yet due to the recent news involving regulators in US and Binance. The market is heavily apprehensive and relying on the next events to draw the tendency. For those who don't have any satoshis on their pockets I think it's a good time to enter the investment and guarantee their holdings for the future, but for those who already have decent chunks of BTC on their wallets, it might worth to wait a little more for a new dump, so they can make some extra profit by purchasing cheaper BTC.

Topic: Is buying BTC now, the best option ??? - page 2. (Read 1656 times)