Topic: Is it time to buy the dip in Bitcoin as it drops to $64,000? - page 3. (Read 837 times)

The time is every day if you want the most consistent advice but you should not be going all out to invest especially now.   The positive take on these prices dropping is that you are getting a better price then the peak pricing and there is no real detriment to the price or degrade in prospects.   We are only talking about standard variance in the Bitcoin pricing and because it is so volatile this is all quite normal, hence buying on a lower price remains quite sensible.  So long as you are comfortable to buy then not sell for this entire year, advice for quick flips is something else.

Ideally you can always buy some BTC just by avoiding waste elsewhere, money you didnt need to spend on other things can be justified in times like now.  The reason to buy into weakness near term is the wider picture, the bigger time lines do justify buying.  Even if we did get this slower and lower pricing for months its quite fine to buy and arguably you receive more BTC but it will not show as performance right now, unless you wanted to sell now it doesn't matter.

That is our rule here, if the price dip, then we should buy if we have the money or just continue with DCA. The problem is that there are investors who still doesn't want to grab that opportunity and wait for the price to go to a certain level before they buy. But we can't control the market, we don't know if the price is going to down or we might see a recovery right after that fall.

That's why we should really be buying when it goes to like the price that we are in, $64,000 and don't wait for like $50,000-$55,000. Just think that the price is still at a big discount as the last all time high is $74,000. So plenty of room for us to make profit if we get breach at least $70,000 in the next coming months and this kind of opportunity might not present itself again.

Well, as soon as you see the price in dips, then always take the opportunity to buy at a lower price, otherwise you will regret why you didn't grab the opportunity. 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.

Not any specific correct answer about dip price of bitcoin because after lower or dip always has other dip price, today bitcoin drop under $63,400 although OP said dip price around $64k but always has possibility with other dip price.
But take risk by investing or purchasing bitcoin after dropping around $64k seems good decision for every one who braveness take risk reinvesting right now after most lower price of bitcoin in last several weeks.

Keep manage well with investing your money in bitcoin by spending around 40% every dip price and buy back later with potential for bitcoin making other dip price or going down under $64k. I use this kinds of investment way when investing in bitcoin keep save capital around 50% preparation if bitcoin get decreasing suddenly.

Everyone who is a real bitcoin holder or who wants to hold bitcoins will try to accumulate bitcoins. For them, a dip in Bitcoin becomes an opportunity. While many investors are worried about the slight drop in the price of Bitcoin, there are many investors who wish to buy more Bitcoin. Currently Bitcoin price is down to 64k. There are many who are looking for more dip and there are many who are buying bitcoins on a regular basis. As a bitcoin holder I think 64k is definitely worth buying bitcoins especially for those looking to hold for the long term. There is no room for panic if the Bitcoin price falls further.

There is never a specific amount to describe what "Dip" is when it comes to Bitcoin, because the All Time High you see today could be another deep in either a months or years time, which is one beauty about Bitcoin, of which due to it's usefulness, gives room for more demand, hence, result to an increase in price value. So on that note, the best advice I can give is for people to keep buying the  amount of Bitcoin they know they can always afford to buy without stress of financial instability, while having the mindset to hold for a stipulated long period of time

I would say yes, but I am not some expert, to be fair most of the experts are not experts neither. The thing about crypto is that nobody could give you a definite answer, it may not always feel that way. I think it's quite clear that we are talking about something that will take a while, and it should definitely be something uncertain.

If you want an answer that can guarantee you, then you are not going to get a right answer, because anyone who tells you "it will go up, I guarantee you" then they are lying, because they are not going to lose any money themselves about it. I personally do invest at these prices, and I do believe that it will go up,  but that is my opinion, and it is not a fact, just because I believe that, doesn't mean I would impose that on you.

Today the price of Bitcoin is still at more than $63K, but you won't be wrong if you want to buy it now because what a blogger said is still not necessarily true so you don't need to wait any longer for that. Because if your goal is to buy Bitcoin, of course you don't have to wait for predictions made by other people because every decision must come from ourselves before accepting suggestions from other people even if it is the best and most profitable advice.

Doing analysis first before deciding to buy it will of course be very useful and will also benefit us in collecting Bitcoin and when we have found the right time to buy it then we must be able to hold it until the target we want is achieved to get a profit from holding Bitcoin.
You are right, looking at the current market conditions, I also think the same thing, that the market will experience a price correction again, of course this will be very useful when we can collect when the price is experiencing a correction, but this will really depend on the funds we have that we can use and also have to endure for a long period of time.

If you said that the market is unpredictable, then what is the best time to buy bitcoin? If we already know that bitcoin is unpredictable, why do we continue to wait and not buy now?
Furthermore, it seems OP and everyone else is forgetting that we have a DCA strategy and that it is the most effective solution in buying bitcoin. I didn't see anyone mention it, and why didn't the OP use dollar-cost averaging, instead of waiting?

OP, if you are worried after buying bitcoin and it continues to drop in price, you can use DCA instead of continuing to wait in uncertainty. If you don't buy right away, don't use the DCA strategy and are still determined to wait for bitcoin to drop to 60k$, you should think of the scenario: bitcoin will bounce back from here and you will have to buy at a higher price.

The best thing is to do what you say, because by doing your own analysis and research you can also learn where and when you will start to take action according to what we know and if there are mistakes, they can be corrected in the future.
I think there is always a possibility that it could happen, but if the increase seems a bit heavy and stuck at $72K, which cannot be passed until now, I tend to have another correction, and maybe it will be below $64K and remain prepared if you really want to buy it.
At any time, there is always a possibility for that, because I think the time for improvement is still far away and maybe at the end of the year there will be an increase.DYOR

Do your own research and if you think he analyzed the trend correctly, then have your own strategy to approach the market.
It's hard to tell if we will reach that level this week but it's possible considering the current momentum of Bitcoin. If you can't decide yet don't rush, just wait for the right timing because the market is unpredictable and if you will just follow anyone's advise here, you might not be able to succeed on making good profit.

Its easy to create some predictions and tell everyone that it’s going to happen, even if you’re not a blogger. That’s the reason why a lot of unreliable predictions are coming out, that would somehow confused the readers. So if you’re one of those, it’s better to make your own prediction and focus on it. Decide on your own whether buying at the moment or waiting a little longer is the best thing to do. But one thing is certain, even if you buy at the current price, the fact that you are just going to hold it, then there’s no reason to worry. You won’t be at loss if you never decide to sell at a lower and a loss price.

It had dropped to $64k and then it will recover for sure, no matter what happens. Those that have been waiting for this dip should have bought.

Because if you haven't bought yet then we might see the movement of it to an increasing pattern. As they say, it's month of June that's always sluggish and bad month for the bullish folks.

But if you're really bullish at all, you should have bought at this time as this is the month where we've seen a lot of dips recently on this bull run.

When it comes to buying and selling then it would really be that indeed according into someones analysis and preference or decisions to be made up. Each one of us would really be having that kind of different
technical analysis and fundamentals mixed up on which we would really be having those points of entries or exits, but since we are talking about the current drop and tending to DCA or making some
entry hten it would really be up to you. If we do tend to look at on how deep the price had gone down then it is really just that like an ordinary day here on crypto space. People are really just that
too easy to have that kind of panic on seeing that the market would really be that in read. They are really just trying to chase when candle is already green.

If you are that wise when it comes to maximum profitability without needing on holding up for too long then you would really be that definitely be considering out on making some entry on 64k point.
Trying out to look about the support on which it hasnt been that broken yet and its really that holding up with this level, not unless if there would really be some sort of follow up
fundamentals then it could really drop even more but well we arent seeing something but we can at least expect that there would really be some sort of unexpected things to happen.

Prices though has somewhat recover to $65k-$66k, so there's not much of a drop for $64k and below and it just show that this so called bloggers will not get the price correctly as they are making wild guesses in my opinion. So a good advise is not to listen to them, specially if you are a beginner. There are a lot of more useful information in this community instead of finding some random guy in social media and believed everything they say.

The OP can just go around in this forum, browse and see what interest him and maybe he can find some threads that might have answered some of his doubts on Bitcoin specially it's price movement. And then study what DCA is, because it is one of the best strategy that suits everyone, even average investors and big whales and institutions.

It should depends on you if you think current price is interesting enough why not try, people will always make prediction but the truth is they know nothing, the market is entirely abstract, technical analysis can help but it could be wrong too.
honestly though if you are that kind of person who have money lying around and really don't have use for it you can just invest using that, a money that's not needed is the best to be used for investment, if things goes south and market tanked, you won't worry too much since what you need to do literally just wait it out.
the previous ATH buyer if they are patient enough and can hold already making good profit right now, so it really is just game of patience.

on the other hand if you invest for short term, current situation might be rather turbulence, so many uncertainty, there are many people on the lookout right now afraid of getting their long/short squeezed.
but i'm just gonna say that, those big investment companies are buying bitcoin by the thousand, they definitely know something good with bitcoin might come. but then again, its not a guarantee.

Not only do they lack knowledge, but they also lack confidence when they want to perform in the market, because they are not used to doing their own analysis and only rely on what other people say. They just accept what other people say and then confirm it with other people, if the majority of people say that they should buy, then they buy, and vice versa. This type of investor often ends up with bad results on their investments, because they are very lazy to learn and only accept other people's analysis without validating it.

Hahahhahaha this is the best line of sarcasm this week.

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But seriously tho you can trust professional blogger heck if you open trading view you can see bunch of analyze start from buy at 18K to buy now hold till reach 1 Million but in my opinion for newbie is if you have money ready to lose and ready for profit just buy at any price and use DCA mode and you probably going to be fine.

Or simply open youtube search how to recognize a support and resistance zone and bought at any support zone and then you gonna fine too IMO

Every time someone asks whether they should buy now or wait for a lower price, they are those who are not serious about buying Bitcoin, because if they were serious then they would buy without caring whether the price is high or vice versa, especially when the price is falling.
If you only target short-term profits then learn how to day trade and study how the Bitcoin market moves so that you don't rely completely on what the experts say, because they only try to analyze but the market will not completely move according to the experts' analysis.
Meanwhile, if you are targeting the long term, whatever the price, it will always be suitable to buy or you can use DCA because this is also what many Bitcoin investors do who are targeting fro long-term holders.