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Topic: Now is the time to just wait for the price of Bitcoin to come down. (Read 673 times)

hero member
Activity: 1344
Merit: 565
The cryptocurrency market has been collapsing since December 2020. In the meantime, one unfortunate incident after another has hit the market. The frustration is even more evident in the way various unfortunate events are happening around the world. The war in Ukraine, for example, has led to inflation in many countries. It is difficult to say when the market will see the light of day after overcoming these problems. For those who want to invest in cryptocurrency, or have already invested and want to avoid losses, there are several things to keep in mind, as different people have different opinions about where the crypto market may turn in the future. Many are hopeful that the market will turn around by the end of this year. If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.
Only if you sell when the market dips beyond the price you bought. I think this can not be over emphasized, Investment in Bitcoin should be seen as a long-term investment, at least, till your investment hits another ATH but some of us keep thinking that investing in Bitcoin should only be seen going up but the market doesn't work like that so if you are not confident, DCA. Anyone that Invested since Op made this post should be in GREEN now cos I believe Bitcoin was trading around $19k+ on 05 July 2022 and @ $23k+ today 28 July 2022. 
newbie
Activity: 24
Merit: 1
wait, buy if you find it relevant and hold as longer as possible don't take suggestions based on people and fall yourself in impulsive buying.
full member
Activity: 1834
Merit: 166
This is what most of people want from bitcoin like when it's dipping they want for some bottom signal and never invest in it missing the opportunity so don't just wait time on expecting it to go more down and invest amount you want holding long term only.That will pay off you in future with profits.
newbie
Activity: 15
Merit: 0
Here, having both patience and optimism is very beneficial. There have been previous instances of the Bitcoin crash. Simply HODL and be patient.
hero member
Activity: 2184
Merit: 585
You own the pen
Not everything in crypto needs to revolve aroumd profit and an investment turnaround. If people support this project on a deeper level, then it really dosen't matter if the buy low and sell high, if the market is up or down. This is an interesting social experiment and let's see what can come from it.

That's really a good purpose if they just want to buy it without expecting high returns profits rather they just want to completely support him by hodling some bitcoins to raise its price when the market is not going well. People really do this kind of stuff because they believe in what Satoshi Nakamoto said about financial freedom and mostly these people don't need the money they invested in bitcoins for their essential needs. That's why it's really important rules in investment to have that kind of mindset where you only invest the money you afford to lose because when the market is not looking good, you are gonna race with those people who panicked to quickly sold their bitcoins, you only make things worse if ever.
legendary
Activity: 2492
Merit: 1332
Yes you are right bro, throughout 2022 we have seen if bitcoin continues to decline in price from initially being in the range of $40K right now it is at a price of $22K, some time ago bitcoin even decreased to a price of $17-18K and I think that price is a bitcoin's lowest price point this year, and I think it's better for us to invest right now because we if we wait for lower prices maybe we won't get it.
The price can still go down depending on many factors that is happening in many countries now, the inflation , war and pandemic still happening until there is no proper solution attest to it probably the price can still drop unless there are news that will hype crypto again. It will be better not to put all our capital or savings whenever the price seems already at down. I usually just buy some and if the price went down again I can still managed to buy some.
If to this we add that the halving is also very far away then it will be very difficult for the price of bitcoin to go up due to its own dynamics, this means that the economic circumstances surrounding it will have a bigger effect than usual, and when we see all the crises that we are facing simultaneously then I would not be surprised if the price of bitcoin keeps going down for some time, but we must not look this as something bad as this gives us the opportunity to buy bitcoin for a discount that will most likely never repeat itself.
legendary
Activity: 2618
Merit: 1105
Tontogether | Save Smart & Win Big
Considering the down price of bitcoin, what we've reached now is high and the slow phase of recovering is on the go. We don't know how far the recovery will happen. Anyhow this too an opportunity to buy at a lower price. Same time there are more discussion that bitcoin price hasn't entered the bull market, there is more bearish market changes to happen. So, we can't be sure of whether to buy now or hold for a moment.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
if you see the market of past month itself the price of bitcoin was down to around 15K USD in start of july ant it is near 18K as of today. So the market is already up ticking. Yes there will be breaks and inconsistencies, but overall market is actually showing prise rise in bitcoin. Market has recovered from debacles of celsius and others. So I think now is the right time for investing in market. Why wait invest and Hodl.
It is recovering just that it is not in the tempo that the traders want it to be. While there are events that happen every day not that the effect of all of those are going to have an impact on the market.

We can keep the focus on buying while the market drops again. There is no need to buy at the rising price. Keep an eye out for selling points of we see bigger prices.

Let's see how long the uptrend continues.
legendary
Activity: 1876
Merit: 1157
if you see the market of past month itself the price of bitcoin was down to around 15K USD in start of july ant it is near 18K as of today. So the market is already up ticking. Yes there will be breaks and inconsistencies, but overall market is actually showing prise rise in bitcoin. Market has recovered from debacles of celsius and others. So I think now is the right time for investing in market. Why wait invest and Hodl.
sr. member
Activity: 812
Merit: 254
Leading Crypto Sports Betting & Casino Platform
It may not be the best idea to further wait for bitcoin to dip down lower and then invest. So far in 2022, bitcoin's price has been on a low anyways, and no one can say when it can suddenly take off. Nor does anyone know when the price will hit the bottom of the downtrend. If you want to invest, this is a good time to do it.
Yes you are right bro, throughout 2022 we have seen if bitcoin continues to decline in price from initially being in the range of $40K right now it is at a price of $22K, some time ago bitcoin even decreased to a price of $17-18K and I think that price is a bitcoin's lowest price point this year, and I think it's better for us to invest right now because we if we wait for lower prices maybe we won't get it.
copper member
Activity: 2156
Merit: 536
Building my own Dreams!
It may not be the best idea to further wait for bitcoin to dip down lower and then invest. So far in 2022, bitcoin's price has been on a low anyways, and no one can say when it can suddenly take off. Nor does anyone know when the price will hit the bottom of the downtrend. If you want to invest, this is a good time to do it.

I too completely agree on your suggestion.
I have seen many people are underestimating Bitcoins capabilities, and hence they will regret later on.
I would suggest that this is the perfect time to buy Bitcoins. If you have some savings and want it to invest in for something long, then buying BTC at this point will be an ideal decision.
Soon the bear market will end, and BTC’s price will skyrocket. So yes buy before it’s too late.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
It may not be the best idea to further wait for bitcoin to dip down lower and then invest. So far in 2022, bitcoin's price has been on a low anyways, and no one can say when it can suddenly take off. Nor does anyone know when the price will hit the bottom of the downtrend. If you want to invest, this is a good time to do it.
Bitcoin price is trying to edge upwards from now as far as I saw, compared to my last post in this thread - that bear trend did not take off as I was expecting. I assume there is a lot of buying pressure to prevent that from happening. As we go downwards, the buying pressure keeps on increasing and hence the market can bounce back.

While there are chances that we might dip again, the price has touched 22k and upwards of sideways is the only two ways to go for now. If the price dips, we will have to wait before starting to buy again.

True this year has been bad for bitcoin price gradually dropping to lower levels, but there are historical buyers at lower levels, so you can sleep soundly.
newbie
Activity: 20
Merit: 0
It may not be the best idea to further wait for bitcoin to dip down lower and then invest. So far in 2022, bitcoin's price has been on a low anyways, and no one can say when it can suddenly take off. Nor does anyone know when the price will hit the bottom of the downtrend. If you want to invest, this is a good time to do it.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
The cryptocurrency market has been collapsing since December 2020.
In what part of the world have you get this? crypto market is COLLAPSING ? lol since when that you learn crypto? for you to say about the collapse when in the former years there have been more bad than this season?
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In the meantime, one unfortunate incident after another has hit the market.
which are those? because there are so many incident that happens in the past.
Quote
The frustration is even more evident in the way various unfortunate events are happening around the world. The war in Ukraine, for example, has led to inflation in many countries. It is difficult to say when the market will see the light of day after overcoming these problems. For those who want to invest in cryptocurrency, or have already invested and want to avoid losses, there are several things to keep in mind, as different people have different opinions about where the crypto market may turn in the future. Many are hopeful that the market will turn around by the end of this year. If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.
this war is now part of the system and i think that this does not bother things at all now because there are things that need to be consider .
member
Activity: 467
Merit: 61
Indeed, there are many investors who wait for the price of bitcoin to reach the lowest price point, and after touching the lowest point they will immediately buy it, but in my opinion, predicting the price of the lowest point is difficult to predict. sometimes we will miss a good moment of opportunity if we think too much about buying at the lowest end point, sometimes we haven't bought it, suddenly the market goes bull, and finally we miss a good opportunity.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
The time for investing is now and we do not need to wait much longer, as you said no one is able to predict whether bitcoin will increase or decrease tomorrow. Bitcoin has dropped from $69k to $20k, obviously the price is too good to start buying, you will regret if you keep waiting. Buy bitcoin with different times when bitcoin drops more each time. we'll start buying at this price until bitcoin bottoms out. We won't have to miss a bottom here.
I agree, prices are dropping once again, today it is touching 19.5k USD and is dipping further. The bear market is continuing and hence these are the times to buy or wait it out for those who have already ran out of liquid cash. In all due time, prices will go back upwards again and once that happens, we can start selling what we bought during the bad times.

People will complain at any price they see, it is human nature:
During bull markets - they complain of too high prices to buy, when they are actually supposed to sell.
During bear markets - they complain of too low prices to sell, when they are actually supposed to buy.

Trading if done in this binary manner, is simple.
legendary
Activity: 1092
Merit: 1024
Hello Leo! You can still win.
. If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.

How many days are we waiting? Don't just say few more days, mention the days for us, so that when it's exactly that day we will all invest.

What if before the day, bitcoin takes off? All I know is that we are in the lower region of bitcoin, stop the wait and stop it for good. Start DCAing, because if you wait and bitcoin reaches $14k, you will wait for $10k. After few more days you will wait for $5k and maybe go and wait for it at $1k. Those are excuses, if you keep waiting you cannot buy again, or you will end up buying another high.
full member
Activity: 1302
Merit: 128
Vaccinized.. immunity level is full.
Snip
I think there was some wrong information in your post .Cause in the last 2020 and begining of 2021 the market is turning to the bull-runn. If you see the chart of btc it's touch the highest price on November 2021. Can say the market is collapsing at the end of 2021.
There is one more thing nobody can't guarantee that tomorrow market will pump or down. And I think the market is already in a downward. I think if anyone invest in btc now he can profit atleast 2x after the bearish . So you can also call that this is the perfect time for investing


The time for investing is now and we do not need to wait much longer, as you said no one is able to predict whether bitcoin will increase or decrease tomorrow. Bitcoin has dropped from $69k to $20k, obviously the price is too good to start buying, you will regret if you keep waiting. Buy bitcoin with different times when bitcoin drops more each time. we'll start buying at this price until bitcoin bottoms out. We won't have to miss a bottom here.
member
Activity: 430
Merit: 10
Tontogether | Save Smart & Win Big
Is it true that the price of bitcoin will drop even lower?
Meanwhile, many investors or bitcoin holders hold them and do not sell even though the price is experiencing a decline.
Don't forget also that bitcoin has a very limited total supply so it can prevent a significant drop in price.
legendary
Activity: 1078
Merit: 1011
Following this strategy in 2018 you'd buy at 10k, 5k and have another 25% in case it goes to 2,5kUSD but it never did. In this bear market you'd buy at $35k, $17.5k and have another 30% waiting in case it goes around 8.5k.
Good strategy that does not require you to time the market and to find its bottom.

Dollar Cost Averaging is a very good strategy in bear market because if you have belief that bull market will come back, matter is whether you spend whole of your capital for investment into Bitcoin as you wanted. Average price for your investment is important. You can use 50% of capital to buy at $20k, 25% at $15k and 25% at $10k, assume all these prices will be touched in bearish months.

You don't have to stress your eyes and spend lot of time to find market bottom. You don't have to worry to miss its bottom. Maybe your average price will be higher or lower than in perfect case you time in the market, but DCA makes your life more easily.

Yep, this is the way...

DCA is the proven method over time, but I wouldn't even do as big of chunks as you suggested. Put in a little each month, that way you can buy even more if and when the price moves lower.

Myself I don't think the bottom has been hit yet, it will probably go under $18k at some point, but even so DCA is the way.
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