Is it time to buy the dip in Bitcoin as it drops to $64,000? - page 2.

Rockstarguy

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Quote from: shanhaigamefi on June 18, 2024, 02:44:06 AM

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.

Xcode7

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Quote from: TravelMug on June 27, 2024, 01:49:50 AM

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.

For daily traders, this moment of slow decline can actually be a turning point to get more profits. If we look at Bitcoin price movements in the last month, there are always corrections and also increases which are quite worth it, so it is possible to buy now and you will be able to get profits in time. fast with a small percentage.

And for long-term investing, I think for a long time, whatever the price of Bitcoin, it was still worth buying, especially in times of decline like now, there must be a greater desire to collect more.

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Quote from: justdimin on June 26, 2024, 10:02:03 AM

Quote from: Dave1 on June 25, 2024, 09:37:05 PM

I think we can go up to $63k up to this week, if the volume somewhat maintain it course. So hopefully for those who are waiting for the price to dip and then buy, have taken the opportunity when we go to $60k.

Right now it's mid $62k already, meaning we have bounce back already, and the usual movement of liquidation and testing the support line again. So the support line is $61,500 which I think we have reach already but it didn't hold but I think in the next couple of hours, we could break them against and try to test resistance of $64k.

I do agree with that, we are not that far away and it could possibly happen. I think it is going to be pretty easy to make calculations based on the future right now because we have dropped a lot, and every time it drops a lot we end up making more money by going up again. I get that it may not be all that easy, but we are going to end up seeing that work one way or another.

It's not going to be easy seeing the price going down again, as my expectations or wild guesses was wrong. Support line didn't hold, I haven't check any news though as what could be the reasons again to go back to $60k'ish. But we should be patience and remain mentally strong and not be carried by this down turn.

Quote from: justdimin on June 26, 2024, 10:02:03 AM

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.

TravelMug

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Quote from: justdimin on June 26, 2024, 10:02:03 AM

Quote from: Dave1 on June 25, 2024, 09:37:05 PM

I think we can go up to $63k up to this week, if the volume somewhat maintain it course. So hopefully for those who are waiting for the price to dip and then buy, have taken the opportunity when we go to $60k.

Right now it's mid $62k already, meaning we have bounce back already, and the usual movement of liquidation and testing the support line again. So the support line is $61,500 which I think we have reach already but it didn't hold but I think in the next couple of hours, we could break them against and try to test resistance of $64k.

I do agree with that, we are not that far away and it could possibly happen. I think it is going to be pretty easy to make calculations based on the future right now because we have dropped a lot, and every time it drops a lot we end up making more money by going up again. I get that it may not be all that easy, but we are going to end up seeing that work one way or another.

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.

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.

justdimin

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Quote from: Dave1 on June 25, 2024, 09:37:05 PM

I think we can go up to $63k up to this week, if the volume somewhat maintain it course. So hopefully for those who are waiting for the price to dip and then buy, have taken the opportunity when we go to $60k.

Right now it's mid $62k already, meaning we have bounce back already, and the usual movement of liquidation and testing the support line again. So the support line is $61,500 which I think we have reach already but it didn't hold but I think in the next couple of hours, we could break them against and try to test resistance of $64k.

I do agree with that, we are not that far away and it could possibly happen. I think it is going to be pretty easy to make calculations based on the future right now because we have dropped a lot, and every time it drops a lot we end up making more money by going up again. I get that it may not be all that easy, but we are going to end up seeing that work one way or another.

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.

ultrloa

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Quote from: mehmetosman89 on June 26, 2024, 04:12:13 AM

Quote from: shanhaigamefi on June 18, 2024, 02:44:06 AM

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

What a blogger said really happened yesterday and Bitcoin even went below $60K, even though it was only for a short time. And it seems that this blogger is a truly professional person in making price predictions specifically for Bitcoin in the last week so you yourself have certainly made the right decision on this matter. I hope you don't miss out on buying Bitcoin, especially if you got it at a price range of $60K because that is the lowest price I have seen in the last week even though today Bitcoin has again exceeded that price and is at more than $61K.

Don't believe easily on what you have seen and anyone could predict about what possible to happen since maybe he's just guessing then predict that it might go because the market is in bad condition. Maybe he just get that because that is what bitcoin heading at the moment. Always rely on your own analysis since this is more ideal than listening to someone's opinion regarding on possible direction what bitcoin could get.

But still its good for people if they decide to take action on the current dumps happen since if market goes back and there would be a price recovery would happen then those who accumulate while the market is in bad condition would provably earning decent profits when market turns into bullish again.

mehmetosman89

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Quote from: shanhaigamefi on June 18, 2024, 02:44:06 AM

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

What a blogger said really happened yesterday and Bitcoin even went below $60K, even though it was only for a short time. And it seems that this blogger is a truly professional person in making price predictions specifically for Bitcoin in the last week so you yourself have certainly made the right decision on this matter. I hope you don't miss out on buying Bitcoin, especially if you got it at a price range of $60K because that is the lowest price I have seen in the last week even though today Bitcoin has again exceeded that price and is at more than $61K.

Dave1

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Quote from: STT on June 25, 2024, 09:24:25 AM

If you have steel gauntlets you can catch knives and the sell off yesterday evening was pretty sharp. Its bounced now at a higher price then May low so maybe its positive who knows.

Price right now is back to a 2 day average and should be beating that if able to stay positive. The real test in a wider view will we be able to recover 63k which needs to be held and improved on. As always all this will take time, what we have right now is a plain bounce yet to be proved.

I think we can go up to $63k up to this week, if the volume somewhat maintain it course. So hopefully for those who are waiting for the price to dip and then buy, have taken the opportunity when we go to $60k.

Right now it's mid $62k already, meaning we have bounce back already, and the usual movement of liquidation and testing the support line again. So the support line is $61,500 which I think we have reach already but it didn't hold but I think in the next couple of hours, we could break them against and try to test resistance of $64k.

STT

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If you have steel gauntlets you can catch knives and the sell off yesterday evening was pretty sharp. Its bounced now at a higher price then May low so maybe its positive who knows.

Price right now is back to a 2 day average and should be beating that if able to stay positive. The real test in a wider view will we be able to recover 63k which needs to be held and improved on. As always all this will take time, what we have right now is a plain bounce yet to be proved.

SmartGold01

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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.

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Quote from: aoluain on June 18, 2024, 10:26:44 AM

If it was me I would be buying now.

I assume that the OP has a substantial amount to spend/buy otherwise a drop of $4000 wont make
too much of a difference if you are spending $1000

@ $60,000 - $1000 will get you 0.01667BTC
@ $64,542 - $1000 will get you 0.01549BTC

Difference of 0.00118BTC - $76

Is it worth the risk of it not falling further for such a small gain? the market could end up going
the other way and you lose more by not buying now and HODL'ing in the comfort of owning BTC

I agree, in days like these that are having today, waiting for BTC to go even more down is always a risk. If it's a long-term investment, it's better not to take that risk and buy now, especially today when BTC is around $60k already. We all hope for Bitcoin to go over $200k next year, so, I think even people who bought at $70k recently will be in good profit. But of course, as always with Bitcoin, anything can happen.

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Quote from: $weetne$$ on June 23, 2024, 06:16:33 AM

Quote from: Distinctin on June 21, 2024, 04:17:11 PM

Bitcoin can be seen dumping its price in the market but obviously, it always recovers after that and even surge high and reach new heights. That's how sustainable bitcoin is, that worrying is not enough, but keep on hodling and hoping for bitcoin to reach its new all time high soon.

This should make us not to worry about the dips of Bitcoin because the market will have to dip at some point. When I see beginners just joining the forum get worried about the dip of Bitcoin I wonder if they did not do some research before they joined the forum because it is everywhere that Bitcoin will dip and also recover. Only this year alone, Bitcoin has already dip many times and for all the times it dip, it recovered stronger. Bitcoin has already pass the last bull market highest price and it is going to make new highest price after this dip is over. This dip was needed to cool off the whole rumors that Bitcoin is going to get its highest price for the bull market in 2024. I did my research and it does not happen during the halving year so lets us not be so hopeful because we still have more times to wait.

It is natural that Bitcoin price will always fluctuate ‍and no one knows when it will be dip and when it will be bullish. However, many Bitcoin investors will fail to keep their emotions during these ups and downs. There are some investors who sell their bitcoins at a loss if there is a slight dip and those investors will suffer the most. And for those who have an idea about the Bitcoin market and believe in Bitcoin, this dip will not create any obstacle. Bitcoin price is currently at 63k but if this price goes below 60k the market will turn again. It is important to remember that those who are Bitcoin investors do not lose anything but they have to wait patiently. The market must be recovered.

GxSTxV

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Quote from: Plaguedeath on June 18, 2024, 02:51:57 AM

Hello I'm a professional blogger and Bitcoin enthusiast, I've analyzed the Bitcoin market for 14 years and I think the price may drop to $1 this week.

You’ve got me there for a second before you said $1 price, and it is quite the same where the OP said a blogger is expecting the bitcoin price falls to $60,000. It is quite funny how these fake analysts claiming to be professional and analyzing anything with nonsense methods and tools they invent, quite more surprising for me is the amount of people they convince and they are really following them, beside buying their useless signals or courses for few hundred bucks.
I use to believe in such things back in time with forex market, some people were like dropping none-stop daily analysis of the same pair or coin, 99% of those analysis are nonsense and wrong, but whenever they get one right, everyone is hyping and thanking them for the great job.

Unfortunately, most new comers to crypto market are fooled by these people, while there is one simple rule in all markets which is the price is unpredictable for short or long term as long as we didn’t receive news or updates about what’s happening in the future. If you believe in bitcoin then there is no right time to buy, just do it!

Ishicryptic

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Quote from: shanhaigamefi on June 18, 2024, 02:44:06 AM

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

Nobody can accurately predict what the price of Bitcoin will be in the future, we can only speculate on the short term and it is not a guarantee that it will be correct. Any blogger that is analyzing about what the price of Bitcoin will be at anytime is merely speculating and you shouldn't take what they say to be fact, you can listen to them but make your own decisions. From my research on Bitcoin, it is a long term investment and people who hodl it should not focus on short term price analysis, they should buy, hodl and wait for as long as it will take for price to increase. That is why I think that DCA is the best method to buy Bitcoin, not minding whether the price will dip further because it will rally and skyrocket.

gunhell16

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Quote from: Plaguedeath on June 18, 2024, 02:51:57 AM

Hello I'm a professional blogger and Bitcoin enthusiast, I've analyzed the Bitcoin market for 14 years and I think the price may drop to $1 this week.

I think you should value my analyze, it's no joke bro, you can buy Bitcoin as cheap as $1 rather than to buy when the price is $65K. Imagine if you own 65K Bitcoin and if Bitcoin price reach $2, you're already doubled your money!

Lol, I immediately got what you wanted to point out, dude, but you made me smile when you said that it's a dude. Nice joke. It's like OP; it's like he's showing that he's easily fooled or only influenced by influencers. I don't know if this OP knows how to analyze a person's beliefs and whether such things also need to be questioned here.

I hope for the OP that he learns to first study what he is watching on YouTube or Facebook to see if what he is watching has any basis or not. Doesn't he know that Bitcoin and other cryptos are volatile? Of course, we are in a correction right now with Bitcoin, so what should be done? Right, even if it's just common sense, we already know what to do in these situations, right?

davis196

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Quote from: shanhaigamefi on June 18, 2024, 02:44:06 AM

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

The summer price drop is coming. That's for sure.
I would wait until July or August. Maybe the Bitcoin price might drop below sixty thousand dollars then. The traders/investors are going on vacation so there's less demand for BTC and less liquidity on the cryptocurrency markets. That's a pretty oversimplified view of the situation, but who cares. I'm still HODLing and waiting for the big bull run in 2025.
Which blogger are you talking about? Why don't you post a link to his analysis? Maybe you shouldn't make your financial decisions based on the "analysis" of other people. Buying BTC is a relatively safe bet. I definitely wouldn't risk my money by buying altcoins or tokens right now.

$weetne$$

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Quote from: Distinctin on June 21, 2024, 04:17:11 PM

Bitcoin can be seen dumping its price in the market but obviously, it always recovers after that and even surge high and reach new heights. That's how sustainable bitcoin is, that worrying is not enough, but keep on hodling and hoping for bitcoin to reach its new all time high soon.

This should make us not to worry about the dips of Bitcoin because the market will have to dip at some point. When I see beginners just joining the forum get worried about the dip of Bitcoin I wonder if they did not do some research before they joined the forum because it is everywhere that Bitcoin will dip and also recover. Only this year alone, Bitcoin has already dip many times and for all the times it dip, it recovered stronger. Bitcoin has already pass the last bull market highest price and it is going to make new highest price after this dip is over. This dip was needed to cool off the whole rumors that Bitcoin is going to get its highest price for the bull market in 2024. I did my research and it does not happen during the halving year so lets us not be so hopeful because we still have more times to wait.

avp2306

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Quote from: Bd officer on June 21, 2024, 09:16:04 PM

Quote from: shanhaigamefi on June 18, 2024, 02:44:06 AM

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

OP why do you believe the advice of others? One should not invest on the advice of others in cryptocurrencies. If you want to invest in Bitcoin you can invest anytime. But you must hold the investment for a long time. If you can't hold on to Bitcoin investment for a long time then you may end up with losses instead of profits. Bitcoin price is currently at $64k plus, no one can accurately say whether Bitcoin price will go down or up. So you can invest in DCA method. If you invest in DCA method you can buy bitcoins at average price.

The problem of listening without knowing the context of the suggestion he might get confuse and misunderstood people suggestion. So if he's aim is to hold for long time since he want to became a bitcoin holder then anytime would be a perfect time to buy.

Asking for buying at the dip meaning that OP may don't have proper confidence on bitcoin or he's totally lack of knowledge about what to do. No one can't predict the future as always say but Bitcoin has a great potential so people should remember that those people who afford to wait just like what other people did from the past will get rewarded. They could able to search how to do that DCA method since its helpful strategy. They should forget about the word waiting for the dip and buy since this might not bring something good to their bitcoin investment.

Vinaa77

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Quote from: Bd officer on June 21, 2024, 09:16:04 PM

Quote from: shanhaigamefi on June 18, 2024, 02:44:06 AM

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

OP why do you believe the advice of others? One should not invest on the advice of others in cryptocurrencies. If you want to invest in Bitcoin you can invest anytime. But you must hold the investment for a long time. If you can't hold on to Bitcoin investment for a long time then you may end up with losses instead of profits. Bitcoin price is currently at $64k plus, no one can accurately say whether Bitcoin price will go down or up. So you can invest in DCA method. If you invest in DCA method you can buy bitcoins at average price.

If they can easily trust the advice of people in investing, of course this will cause them to experience losses in carrying out their investments because it is very unlikely that someone can predict correctly whether prices will decline again or will rise again and choose to maintain investment in for a long period of time this is very appropriate and when the price reaches a new ATH of course we will be able to benefit from holding Bitcoin in the long term, if you can buy Bitcoin using the DCA method then it would be better for you to do it consistently.

Bd officer

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Quote from: shanhaigamefi on June 18, 2024, 02:44:06 AM

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

OP why do you believe the advice of others? One should not invest on the advice of others in cryptocurrencies. If you want to invest in Bitcoin you can invest anytime. But you must hold the investment for a long time. If you can't hold on to Bitcoin investment for a long time then you may end up with losses instead of profits. Bitcoin price is currently at $64k plus, no one can accurately say whether Bitcoin price will go down or up. So you can invest in DCA method. If you invest in DCA method you can buy bitcoins at average price.

Topic: Is it time to buy the dip in Bitcoin as it drops to $64,000? - page 2. (Read 837 times)