It goes same way people never learn btc 30k - page 5.

aoluain

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Quote from: LFC_Bitcoin on June 05, 2022, 08:04:34 AM

I think there’s more down to come, if we are following the previously seen 4 year cycles. I don’t think we will close a day below $20,000 again though. I am going to wait for lower before I buy more again but that doesn’t mean buying now is a bad idea. DCA’ing here is still a good idea.

Absolutely! there are good discounted prices now and there may be a "stock clearance sale"
happening also.

Historically we havent closed lower than previous ATH's and the last was ~$20k.

The OP is stating something ^{apart from the institutional thing} which is so true, a lot of
people half interested in Bitcoin will wait until they see positive signals before getting involved.

Others ^non-traders hadnt the belief or willpower to HODL and more had probably over extended
themselves at $40k, $50k and above.

Its a pity because the people who are hesitant could probably do with availing of these
discounted Bitcoin prices.

Marvell1

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

No one can claim that bitcoin will not fall below $ 30,000 again, even bitcoin can fall below $ 25,000.

Quote from: Oshosondy on June 05, 2022, 06:02:54 AM

But if you buy bitcoin now and hold it for like a year or two, you will make profit from your bitcoin holding when the price will rise back.

My prediction for the current price may not be the lowest bottom of this bear season but holding for 1 year 2 years or 3 years is a good price to hold from now on. No bear cycle can last forever and it must end to yield to the bulls to come, when the bulls show up, bitcoin always hits new ATH.

pawanjain

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

I think you must be new to bitcoin. Although I am happy with the fact that you are aware of the principle of buying the dips but you still have to know about the history of bitcoin.
Anything, literally anything is possible with crypto. If you think $30k is bottom and bitcoin can't dump further then you are wrong.
It can very well dip below that and it can certainly recover the losses and make a new ATH.
That's what I have learnt from the history of bitcoin. BTC always creates a new ATH no matter how long it takes but it does.

Flexystar

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Yeah that's the funny thing here and no matter how many times we explain this to the newbies specifically they will always be on that train. Its been around 13 years and counting everyone must understand we have an asset whose value change from few cents to few thousand dollar in no time. Seriously 13 years nothing for an asset to go this high and that too in the modern age like this.

Imagine guys, gold is been here since thousands of years and it's price hike is not even close to bitcoin's up surge. Where is a decade and where is centuries of timeline! So yup, agree or not, buy in the dip be happy later.

Jody.Drummer

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How can you be so sure that there are individuals who claim to never learn from what they have been through?

Even I don't think that's true. We are not aware of individual preferences in response to market conditions, even with data. Because what is used is a certain sample that only represents an area by providing a questionnaire. It all depends on the success that has been achieved, both small and large. People will learn little by little when the Bitcoin market is experiencing a correction or a bull. It's just that you, me and others don't know about his condition.

sunsilk

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

They're waiting for a move before they buy.

Just as the cycle, it's always like this.

When you tell them to buy when it's low they won't do it but if you tell them to buy at the top, they'll buy it. It's the price that gives that security and guarantee that they're doing it wrong even it is expensive.

I've done that too and bought at the top and FOMO is a real thing that makes everyone wanting to buy even we're seeing the price is high.

TheNineClub

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

The issue here is that peopke are not educated on the topic of crypto so they can't tell what's really going on. So further esucation is needed for potential investors, and if that's covered than people will understand crypto lifcycles and how the market fluctuates. But, even that isn't a 100% accurate.

Jawhead999

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It's still 50% from the previous ATH, on 2017/2018 the crash is touch as high as 80% from the ATH, so we could still expect the price might go lower below $30K. $15K is the most lowest if Bitcoin will continue to dump, but with a lot of adoption and more scarce I doubt the history will repeat. The best thing is you need to buy every dip or DCA to accumulate more Bitcoin for long term holding.

LFC_Bitcoin

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I think there’s more down to come, if we are following the previously seen 4 year cycles. I don’t think we will close a day below $20,000 again though. I am going to wait for lower before I buy more again but that doesn’t mean buying now is a bad idea. DCA’ing here is still a good idea.

famososMuertos

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Everyone has their opinion about the different "famous" prices of bitcoin, today the news is the mediatic "wobble" around 30k, it reminds me of the recent past that we live with 10k, each "station" of bitcoin It is a good time to acclimatize, buying bitcoin is always the best thing to do regardless of its price, there will always be people who buy it at the next ATH, so the question is not to say, I would have bought at a price of 30k, no! the question is buy some satoshi and also buy in the now (whatever the price).

Henrobakkara

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

The fact is whether any Institution or no Institution analysis, history has shown us that the price of Bitcoin has always bounced back even if it will take another four years like some other bear circle and that should be enough for me to invest when I want to. I understand that Bitcoin is not going anywhere soon so whether you were unfortunate to buy around $60k+ or now you can make a profit as long as you HODL but I do understand why some people will want the market to go lower, of cause maximize profit from the same amount of investment.

Welsh

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Quote from: pooya87 on June 05, 2022, 06:08:35 AM

If everyone were wise and used their money wisely then everyone would have been rich and successful but we know that in every society only a very small percentage of the population are actually successful. This ratio is also visible when you see how for every whale there are thousands of weak hands waiting for an excuse to panic sell.

Which would effectively achieve nothing. I know users here aren't going to like it, but you kind of need people to be poor to be considered rich, and you need people to make bad decisions for you to make better decisions. Otherwise, you're all the same, and no one gains or loses anything. I know that sounds pretty morbid, but that's the world we live in. Ideally, there would be a better solution out there, but that's what capitalism sort of promotes. What the majority of users here are trying to do is escape that pressure to participate in the cut throat nature of capitalist business.

Socialist's communities are usually a little bit more balanced, but I won't go into that as I'll be labelled as communist Cheesy

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kryptqnick

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There's no need to generalize everyone as being scared to buy at $30k and yet buying at $50k. It's true that not everyone recognizes the opportunity of buying low, and that people are excited and more alert about Bitcoin when the price is high, often making a risky decision of buying at that point. But people make different decisions.
It's true that the price can go lower, but IMO $30k is indeed a good chance to buy and hodl long-term. Eventually, I believe the price will get to the new ATH, so making a 3x profit is quite realistic and not bad.

franky1

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Quote from: davis196 on June 05, 2022, 06:11:39 AM

The day traders won't be buying BTC right now, because there's no indication that the price will do up,

wrong..
day traders dont care about long term prices..
all they care about is waves of 1-5% changes per day. in any direction
yep they can even profit with the price moving down.. if you plan reserves right

it doesnt matter if the price is $30k or $60k.. they view the market in daily % movements. not yearly low or high $$ amounts

i personally have a hoard for long term.. and i do the occasional day trade.
if there is an opportunity to day trade even 1-5%.. ill take it.

i have reserves of btc and fiat. so:
if the price drops by 2% i use my fiat reserves to buy more btc and put it to sell at 2% higher.
thus when the sell hits i increase my fiat reserves by 2%
if the price moves up 2% i use my btc reserves and put a sell and then put a buy to buy at 2% less , thus when the buy hits i increase my btc reserves by 2%
(note i never put full reserves into 1 order. which mitigates even further risk)

that way i am going to make 2% more btc or 2% more fiat each day depending on the direction

at ~$30/btc.. 2% is only a movement of $600.. which has happened a few times in the last few weeks. easy money(much better than bank savings account interest rates per year)

it doesnt matter to me if the weekly price is $6, $3k, $6k, $30k, $60k
its all about percentages. not $$

cheezcarls

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

With my extra “not beer money”, I have committed to buy Bitcoin every month and store it to my hardware wallet regardless of its price movement. Despite the uncertainties, I do believe that BTC’s price will rise between Q3 to Q4 of this year or even in the “BER” months. Even if it goes down below the current average price, it won’t stop me from buying more BTC.

Stalker22

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

So you think, based on your "instutions data", that the 30k level is some kind of floor below which bitcoin cannot go? How can you be so sure? From what we know, that floor could be three stories below the current price.
By the way, can you show us that instutions data? Or is it just your intuition?

mk4

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

Institutional data lol. Whatever it is, I'm guessing it's just as reliable as the infamous stock-to-flow (S2F) model; pretty much just held up by sticks and tape.

GreatArkansas

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

(....)
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

Yeah, because there are also some people who are not trading or buying on support levels, just like where we are now, which I believe the $20,000 - $30,000 level is a huge support for the long term.
Maybe they want still cheaper Bitcoin like below $20,000, which is something like impossible, I rather do Dollar Cost Averaging (DCA).

Oshosondy

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Quote from: Nrcewker on June 05, 2022, 06:13:08 AM

Nevertheless many Bitcoin traders are holding the price to go high.
As it’s enough to see the dip, many have bought in this dip and now just waiting for Bitcoins to rise up and blow the market with greens.
To the ones who are fearing this dip, as not serious traders.
If they were serious about trading, then they might have known the perfect time to buy the Bitcoins.
Bitcoins in this dip is like a sale on diamond, so buy as much as you can now.

That is true that bitcoin price will go up but I do not think the bear market is over, there can be bull market but it will be followed by the same or more deeper bear market, we should not be deceived, bitcoin can not be yet less volatile that it will only correct to $30000, it may go down further to $20000, but it will rise above $50000 again, not bad to buy at at $30000, but I will prefer not to use all money to buy for now.

Nrcewker

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Quote from: 325btc on June 05, 2022, 05:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

Which institution data you saw?
Nevertheless many Bitcoin traders are holding the price to go high.
As it’s enough to see the dip, many have bought in this dip and now just waiting for Bitcoins to rise up and blow the market with greens.
To the ones who are fearing this dip, as not serious traders.
If they were serious about trading, then they might have known the perfect time to buy the Bitcoins.
Bitcoins in this dip is like a sale on diamond, so buy as much as you can now.

Topic: It goes same way people never learn btc 30k - page 5. (Read 722 times)