You can wait forever and never be able to decide, markets are tricky and the closer you look the more elusive the picture is to decide on. For the moment the trend is down and when its beaten the trend then the price will be higher, its confusing to buy at a higher price and be happier about it over just buying now. Thats the strategy of quite a few hence we do rip higher when BTC seems to be positive, alot of people jump on board at that point.
Long term BTC is ok, 2024 has been a positive year. If its pulling back now its just people late to selling, any move up some expect the gains to never end. We just spent many months running on the spot, people get tired of it and wanting to cash in the dollars go spend it rather then wait is normal process. I know theres bigger news, dramatic stuff but mostly I put it down to human nature and patience.
Topic: Is it time to buy the dip in Bitcoin as it drops to $64,000? (Read 794 times)
Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.
Bitcoin is here to stay. So lucky to accumulate few gigantic pieces of the coin, but it comes with different motives. You do follow these online bloggers tweeting about Bitcoin and the immense price when it comes to volatility of the market. It's very wrong and inappropriate persuade anyone to invest. Buying or waiting longer? The decision belongs you and you're the only one that sits in the picture. So like to wonder when they should buy if they continue to ask often without taking any action they continue to be left behind, sometimes seeing from two sides of the news alone can shake their minds to buy.
Exactly what you said buy when you are able and even better when the decline then there is no other way if they continue to wait they will not get bitcoin until the end because they continue to wait for prices that are difficult to predict correctly.
If it is more difficult then do the DCA strategy isn't this easier to understand for some investors? They buy bitcoin is definitely a long-term goal.
After they get information that they can trust, of course it would be better for them to continue deciding to buy it or wait for a decline because if they just keep asking questions and don't take any action as you said, they could miss the opportunity to make a profit from holding Bitcoin and indeed it would be very good if we buy it according to our ability and can hold it for a long period of time to be able to make a profit from holding the number of Bitcoins that we have, yes by using the DCA method of course this will be able to help us in collecting Bitcoins and we We can determine our own purchasing schedule according to what we want and of course do it consistently. Exactly what you said buy when you are able and even better when the decline then there is no other way if they continue to wait they will not get bitcoin until the end because they continue to wait for prices that are difficult to predict correctly.
If it is more difficult then do the DCA strategy isn't this easier to understand for some investors? They buy bitcoin is definitely a long-term goal.
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Worries about potential price drops can be minimized with a DCA strategy, so I don't think long-term investors have much to worry about. In fact, prices can still rise by 3% to 6% in 24 hours, while prices can also fall back to previous levels. Long-term investors tend to have to ignore short-term volatility and focus on their long-term plans, so buying now may be a sensible decision for them.
Short-term trading tends to be risky because the market is very volatile. Of course the market can react quickly even just because of wild FUD, but traders must be able to implement strategies to avoid losses, including stop losses. Whatever it is, the market can still provide traders with returns, but whether they are low or high depends on their budget and strategy as well.
Worries about potential price drops can be minimized with a DCA strategy, so I don't think long-term investors have much to worry about. In fact, prices can still rise by 3% to 6% in 24 hours, while prices can also fall back to previous levels. Long-term investors tend to have to ignore short-term volatility and focus on their long-term plans, so buying now may be a sensible decision for them.
Short-term trading tends to be risky because the market is very volatile. Of course the market can react quickly even just because of wild FUD, but traders must be able to implement strategies to avoid losses, including stop losses. Whatever it is, the market can still provide traders with returns, but whether they are low or high depends on their budget and strategy as well.
That's what I wanted to say. It is highly likely that long-term investors will find themselves in a good profit a year from now. But they must be strong and not sell their BTC when in the nearest future the price drops even further down. They should hodl and wait to see what happens in 2025.
As for the short-term trading, you can make good money with it these days if you are smart, because BTC is bouncing back and forth a lot, and taking like 5% profits from your investment once per week looks pretty achievable.
Whoever that blogger you're following and able to read his analysis, then he's right and Bitcoin fell and reached the price that he's mentioned. Now, if you're waiting for that dip and want to buy then you should have bought already while it is staying on $61k.
No problem wit being aggressive as long as you have sufficient amount of funds ready to buy, but if you are having a tight budget, then buying even a small amount marks a good start, just follow DCA regularly regardless its amount. Bitcoin price is really impressive at the moment, lucky are those who came to prepare for this and now they can maximize their accumulation of bitcoin, and increase their potential profits in the future.This is the time to get aggressive in buying the dip because bitcoin price still down for now .
I'd agree but the problem is always about when someone wants to buy but then, it cannot be because the timing is imperfect and no money can be used for that. But to those that can, you're right about it that they need to be aggressively buying.on this field.Although it might really that sound so simple or basic but doing the thing would really be not something that everyone could easily pull off. Why? because we would really be that scared on doing so or having that hindrance on the moment that we are seeing that the market is really that making up some decline. This is why tons of people who do miss out on making those bottom entry just because they arent that taking up the risks or simply cant be able to bare it out.When there's a drop then it wont really be shocking that people would really be that trying out to catch the bottom or trying out to maximize on which it would really be that trying to wait up for long and ending up on missing opportunities.
Every step you would really be making would really be having that corresponding risks and if you wont really be that good when it comes that manner then it would really be
that challenging on making yourself to deal up with this market and this is you should really be that careful on taking up next steps.
Exactly, that's why one need to have good principles. In anything we do especially when it comes to investing or trading it any related money generating stuff. Because most time alot people don't usually apply principles in anything they do , like for example some people will read about how to manage risk and stuff in their trading or investment. But at the end they will do the opposite thing and they will endup losing .
For example, you will some people going into trading , they will miss some nice entry , for them to move on and wait for another nice opportunity they will jump into because fomo , and they will literally endup getting themselves rekt most time .
I'll go out on a limb and say the recovery thus far is not strong enough. It is reasonable to buy a dip at times if the price just takes a rest during a potential set of gains but so far thats not appearing to be the case.
You might want to take the high risk trade idea and buy with a stop loss if we lose the low of today for example. However a quick look leads me to believe that would be cutting it too fine, you may need to say a buy now is ok if I risk losing the margin down to 62k . That is still a relatively slim tricky path for BTC to take but possibly we fight our way upwards.
I presume there is further challenging BTC price action that puts BTC back into the orbit of the 200 day average or similar pricing. Thats not too far off from here but if the idea is to buy into a move upwards, you would have to watch BTC fall to 58k in that scenario ie. the dip might be bigger then imagined and reference larger time frames involving all of 2024 prices not just the immediate focus.
You might want to take the high risk trade idea and buy with a stop loss if we lose the low of today for example. However a quick look leads me to believe that would be cutting it too fine, you may need to say a buy now is ok if I risk losing the margin down to 62k . That is still a relatively slim tricky path for BTC to take but possibly we fight our way upwards.
I presume there is further challenging BTC price action that puts BTC back into the orbit of the 200 day average or similar pricing. Thats not too far off from here but if the idea is to buy into a move upwards, you would have to watch BTC fall to 58k in that scenario ie. the dip might be bigger then imagined and reference larger time frames involving all of 2024 prices not just the immediate focus.
Worries about potential price drops can be minimized with a DCA strategy, so I don't think long-term investors have much to worry about. In fact, prices can still rise by 3% to 6% in 24 hours, while prices can also fall back to previous levels. Long-term investors tend to have to ignore short-term volatility and focus on their long-term plans, so buying now may be a sensible decision for them.
Short-term trading tends to be risky because the market is very volatile. Of course the market can react quickly even just because of wild FUD, but traders must be able to implement strategies to avoid losses, including stop losses. Whatever it is, the market can still provide traders with returns, but whether they are low or high depends on their budget and strategy as well.
Whoever that blogger you're following and able to read his analysis, then he's right and Bitcoin fell and reached the price that he's mentioned. Now, if you're waiting for that dip and want to buy then you should have bought already while it is staying on $61k.
No problem wit being aggressive as long as you have sufficient amount of funds ready to buy, but if you are having a tight budget, then buying even a small amount marks a good start, just follow DCA regularly regardless its amount. Bitcoin price is really impressive at the moment, lucky are those who came to prepare for this and now they can maximize their accumulation of bitcoin, and increase their potential profits in the future.This is the time to get aggressive in buying the dip because bitcoin price still down for now .
I'd agree but the problem is always about when someone wants to buy but then, it cannot be because the timing is imperfect and no money can be used for that. But to those that can, you're right about it that they need to be aggressively buying.on this field.Although it might really that sound so simple or basic but doing the thing would really be not something that everyone could easily pull off. Why? because we would really be that scared on doing so or having that hindrance on the moment that we are seeing that the market is really that making up some decline. This is why tons of people who do miss out on making those bottom entry just because they arent that taking up the risks or simply cant be able to bare it out.When there's a drop then it wont really be shocking that people would really be that trying out to catch the bottom or trying out to maximize on which it would really be that trying to wait up for long and ending up on missing opportunities.
Every step you would really be making would really be having that corresponding risks and if you wont really be that good when it comes that manner then it would really be
that challenging on making yourself to deal up with this market and this is you should really be that careful on taking up next steps.
I'll go out on a limb and say the recovery thus far is not strong enough. It is reasonable to buy a dip at times if the price just takes a rest during a potential set of gains but so far thats not appearing to be the case.
You might want to take the high risk trade idea and buy with a stop loss if we lose the low of today for example. However a quick look leads me to believe that would be cutting it too fine, you may need to say a buy now is ok if I risk losing the margin down to 62k . That is still a relatively slim tricky path for BTC to take but possibly we fight our way upwards.
I presume there is further challenging BTC price action that puts BTC back into the orbit of the 200 day average or similar pricing. Thats not too far off from here but if the idea is to buy into a move upwards, you would have to watch BTC fall to 58k in that scenario ie. the dip might be bigger then imagined and reference larger time frames involving all of 2024 prices not just the immediate focus.
You might want to take the high risk trade idea and buy with a stop loss if we lose the low of today for example. However a quick look leads me to believe that would be cutting it too fine, you may need to say a buy now is ok if I risk losing the margin down to 62k . That is still a relatively slim tricky path for BTC to take but possibly we fight our way upwards.
I presume there is further challenging BTC price action that puts BTC back into the orbit of the 200 day average or similar pricing. Thats not too far off from here but if the idea is to buy into a move upwards, you would have to watch BTC fall to 58k in that scenario ie. the dip might be bigger then imagined and reference larger time frames involving all of 2024 prices not just the immediate focus.
There are some investors who do their research on the ups and downs of Bitcoin price but if they can stay in one position then they can definitely get more profit from Bitcoin. When it comes to investing in bitcoins if one has sufficient amount of money then he can invest anytime but DCA is better for those who do not have the opportunity to invest beyond the specified amount of money. Bitcoin will go from bullish to bearish and from bearish to bullish again. And those who are able to hold their positions during this bearish period will benefit the most from Bitcoin.
Whoever that blogger you're following and able to read his analysis, then he's right and Bitcoin fell and reached the price that he's mentioned. Now, if you're waiting for that dip and want to buy then you should have bought already while it is staying on $61k.
No problem wit being aggressive as long as you have sufficient amount of funds ready to buy, but if you are having a tight budget, then buying even a small amount marks a good start, just follow DCA regularly regardless its amount. Bitcoin price is really impressive at the moment, lucky are those who came to prepare for this and now they can maximize their accumulation of bitcoin, and increase their potential profits in the future. This is the time to get aggressive in buying the dip because bitcoin price still down for now .
I'd agree but the problem is always about when someone wants to buy but then, it cannot be because the timing is imperfect and no money can be used for that. But to those that can, you're right about it that they need to be aggressively buying.
The reality is that we shouldn't really be afraid of buying right now, a lot of people end up being fearful about what is going to happen, but that doesn't mean that we are going to end up with something bigger or worse. We should consider how to get better results, and in order for us to do that, we should consider how to get a better result for it.
That is the spirit, we should not be afraid of buying at the current price as per cmc of $60k. Being fearful of the unknown is part of the market and we should accept it. Might be hard in the beginning, but that's what it is. And then as we go along and have that experience under our belt, the results might turn out positive in the long run.Applying the DCA method is the way to go for investors who are willing to buy for the long term and don't want to wait because if you wait, and the market goes up further, that is going to be costly for you, but if you start buying at the current price, if it goes up, you will have profits, and if it goes down, you can buy more if you are using the DCA method for your purchases.
That is how it should be done.
bitcoin's correction in recent days has been insignificant but I don't think people are still calm, especially the newbies. If you check the greed and fear index, you will see that last week it was still at 70 but suddenly dropped to the 30-40 range after bitcoin plummeted to 58k$ a few days ago. And if there is another correction, I think the panic will be stronger and I don't think many people will start buying DIP like they are saying.
In addition, if you pay attention, there have been many theories that the bull season will not come or many people think that the bull season has ended, and the bear season is gradually taking over the market. I feel the market is panicking and gradually losing optimism. But to me, that's a good sign, because it shows us that we are very close to the bottom of this correction and that the market will soon get better in the coming months.
Yes, the logical thing that everyone talks in the finance is "be greedy when others are fearful, and be fearful when others are greedy". Which means that we are not that far from it, last month it was higher in price and it was greedy in the index, meaning we should have sold, and this month it dropped, meaning we could have bought more bitcoins if we sold last month, and if we buy right now when it is greedy, that means it is going to go back up and we are going to profit a lot from it for sure.In addition, if you pay attention, there have been many theories that the bull season will not come or many people think that the bull season has ended, and the bear season is gradually taking over the market. I feel the market is panicking and gradually losing optimism. But to me, that's a good sign, because it shows us that we are very close to the bottom of this correction and that the market will soon get better in the coming months.
The only thing we need right now is to keep it going and keep buying. If we can do that, then we are going to end up with a greater profit, we should definitely just use this index to see what people are thinking and how the market looks.
We can't tell if bitcoin will continue to fall or rise from here but buying at current prices will give us better returns than those who bought bitcoin for 65k$-70k$. But the important thing is how many people dare to buy, or will they wait for it to decrease further and only buy if it drops to 56k-58k? And that will keep repeating until bitcoin suddenly increases in price and they start buying at a higher price.
I really want to know if OP bought or is still waiting for bitcoin to drop further.
Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.
Maybe now is the time for you to buy bitcoin because bitcoin has now experienced a decline, and the current price is $60k. However, what you need to know is that everyone can analyze and predict Bitcoin, including bloggers, maybe YouTubers and many others. But that doesn't mean you have to believe it because no one can predict the price of Bitcoin with certainty. If you have money, you should immediately buy bitcoin, don't wait for bitcoin to go down because that will make you regret it later when the bull run occurs.Especially if you intend to invest in bitcoin in the long term, of course at this time it is still very feasible to buy bitcoin, and you also have to do your own research and look at the history of bitcoin's rise so that you don't invest in doubt. We have just passed the halving period which means Bitcoin will experience an increase after the halving, we just need to be patient waiting for the bull run time to arrive. Because it is better to buy bitcoin before it rises rather than waiting for a decline that we cannot predict.
bitcoin's correction in recent days has been insignificant but I don't think people are still calm, especially the newbies. If you check the greed and fear index, you will see that last week it was still at 70 but suddenly dropped to the 30-40 range after bitcoin plummeted to 58k$ a few days ago. And if there is another correction, I think the panic will be stronger and I don't think many people will start buying DIP like they are saying.
In addition, if you pay attention, there have been many theories that the bull season will not come or many people think that the bull season has ended, and the bear season is gradually taking over the market. I feel the market is panicking and gradually losing optimism. But to me, that's a good sign, because it shows us that we are very close to the bottom of this correction and that the market will soon get better in the coming months.
Yes, the logical thing that everyone talks in the finance is "be greedy when others are fearful, and be fearful when others are greedy". Which means that we are not that far from it, last month it was higher in price and it was greedy in the index, meaning we should have sold, and this month it dropped, meaning we could have bought more bitcoins if we sold last month, and if we buy right now when it is greedy, that means it is going to go back up and we are going to profit a lot from it for sure.In addition, if you pay attention, there have been many theories that the bull season will not come or many people think that the bull season has ended, and the bear season is gradually taking over the market. I feel the market is panicking and gradually losing optimism. But to me, that's a good sign, because it shows us that we are very close to the bottom of this correction and that the market will soon get better in the coming months.
The only thing we need right now is to keep it going and keep buying. If we can do that, then we are going to end up with a greater profit, we should definitely just use this index to see what people are thinking and how the market looks.
Whoever that blogger you're following and able to read his analysis, then he's right and Bitcoin fell and reached the price that he's mentioned. Now, if you're waiting for that dip and want to buy then you should have bought already while it is staying on $61k.
This is the time to get aggressive in buying the dip because bitcoin price still down for now .
I'd agree but the problem is always about when someone wants to buy but then, it cannot be because the timing is imperfect and no money can be used for that. But to those that can, you're right about it that they need to be aggressively buying. 
This is the time to get aggressive in buying the dip because bitcoin price still down for now . And I know that most people will be wondering why has the bull run haven't occurs yet . Well it may not occurs now but I believe that since last year Bitcoin has been in a bullish movement. But I believe there's still juice for it to rise more , so that's why is advisable to keep holding and accumulating at same time , because I believe that everyday new folks are getting into bitcoin so now am sure most haven't gotten themselves some good Stashes yet so , this is the time to coverup some of those gabs , even I am still making use of this opportunity to purchase More , like recently bitcoin dip below $60k . While some are at there panicking, some folks are taken the dip to their advantage.
Love the term "aggressive", LOL, but yes why not? Specially if you have tons of money right now, you can obviously buy a lot as we dip further to $61,000 and still we are in that price. We've been in the bullish state because there are so many positive news specially the approval of Bitcoin Spot ETF. But since after that, it looks like the news has faded already but still though we are already in the bull run.
Just a matter of time because the bulls again take over the market, and I will say that this is just normal movement post halving as historically, June is not a good year after a halving as it seems that we are resting. But it's highly likely that we will resume this bullish momentum before the end of this year.
This is the time to get aggressive in buying the dip because bitcoin price still down for now . And I know that most people will be wondering why has the bull run haven't occurs yet . Well it may not occurs now but I believe that since last year Bitcoin has been in a bullish movement. But I believe there's still juice for it to rise more , so that's why is advisable to keep holding and accumulating at same time , because I believe that everyday new folks are getting into bitcoin so now am sure most haven't gotten themselves some good Stashes yet so , this is the time to coverup some of those gabs , even I am still making use of this opportunity to purchase More , like recently bitcoin dip below $60k . While some are at there panicking, some folks are taken the dip to their advantage.
Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.
Another funny thing is that even if the price gets to $60,000 people will still be confuse if buying is the right time for them. Bitcoin price is very unpredicted and you can't tell if the price will fall to the price that you are speculating on, so it will be better to buy when you can afford it especially when you come across a dip not necessarily it is a must to buy at your own favourable price.It is very common that people miss opportunity of buy bitcoin at a low price because they feel the price will still come down low. Buy bitcoin when it goes dips and if the price goes dip again then it is another opportunity to still buy again if you can afford it. Their is no lose in buying bitcoin, you just need to understand the market to hodl.
Exactly what you said buy when you are able and even better when the decline then there is no other way if they continue to wait they will not get bitcoin until the end because they continue to wait for prices that are difficult to predict correctly.
If it is more difficult then do the DCA strategy isn't this easier to understand for some investors? They buy bitcoin is definitely a long-term goal.
And today exactly made it one week and bitcoin dropped to 60,000 before it retraced back to 61k. Well to me I will say you should do dollars cost average where you would keep accumulating gradually maybe who knows if there would be more dip after seeing this current price since we can't predict how exactly the price would go or be for the moment. Assuming you invested when the price were so high around 64k by now you could had been on a lost of about 5 percentage, and if you waited till today that could have been an increase to your accumulation if the price happened to surge above this level. To me if have about 1k or 10k set aside to buy bitcoin what I would do is to keep accumulating whenever I witnessed price decrease that falls below the previous price level.
It is very difficult to find the exact point of buying but there is a way that we can buy as soon for example, if Bitcoin goes from $70K to $60K, then from $61K we should start buying, $62k, $63k, $64k, etc. Similarly, if it falls further down to $50k then we should wait till $55k then we should DCA till $54k, $53k, $51k, etc. The coin we continue to accumulate and if the market starts to go back up from here, the bit-by-bit Bitcoin we buy will lead us to profit because otherwise, it can be very empty-handed and risky to wait.So, it is better to make portions according to your amount and set DCA according to your amount so that little by little we keep collecting BTC.
It is very difficult for small investors because they don't have enough amount to start doing DCA from very high and with the current volatility of the market no one can say which way the market will go next.
It did test the support line of $61,500, unfortunately it did fail and it drop to $60,500. Still not a bad thing though, for those daily traders, they might have been hurt with the down trend but most likely try to buy more and trade it later.
But for average joe and long term holder, it could be a good idea to buy more again.
So yes, we shouldn't be afraid, and for me, we should face our fears this way, instead of pushing the sell button and panic, we should buy for more.
From what we have seen from Bitcoin's movements since the past, I don't think anyone is panicking anymore because what is happening is a normal thing, and the decline that is happening is also not significant, so this is still normal.But for average joe and long term holder, it could be a good idea to buy more again.
So yes, we shouldn't be afraid, and for me, we should face our fears this way, instead of pushing the sell button and panic, we should buy for more.
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I agree with you that bitcoin's correction in recent days has been insignificant but I don't think people are still calm, especially the newbies. If you check the greed and fear index, you will see that last week it was still at 70 but suddenly dropped to the 30-40 range after bitcoin plummeted to 58k$ a few days ago. And if there is another correction, I think the panic will be stronger and I don't think many people will start buying DIP like they are saying.
In addition, if you pay attention, there have been many theories that the bull season will not come or many people think that the bull season has ended, and the bear season is gradually taking over the market. I feel the market is panicking and gradually losing optimism. But to me, that's a good sign, because it shows us that we are very close to the bottom of this correction and that the market will soon get better in the coming months.
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