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.
This is an opportunity for new investment; investment at this time will yield good profits after a while if the market returns to its normal stage; however, keep in mind that just because you invested now does not mean you will be profitable in a very short period of time, because the nature of this bear market appears to be for a long time; it may reach the end of this year before fully recovering. For new investors, keep in mind that there is a high risk associated with crypto investment, so "invest only what you can afford to lose." 
Topic: Now is the time to just wait for the price of Bitcoin to come down. - page 2. (Read 749 times)
July 08, 2022, 03:13:16 AM
July 07, 2022, 11:39:36 PM
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.
July 07, 2022, 05:23:15 PM
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It has been like that. I cannot quite recall the exact post of that Reddit post, but there was a saying that if the first best time to invest was like many years ago then the second time would be like right now. That hit me hard and was quite an eye-opener for people that are keeping on asking when is it the best time to invest in Bitcoin. It is obvious that the price might never revisit the price as it was back in 2013, and that is why people should take advantage when Bitcoin hits its lows. July 07, 2022, 05:18:09 PM
When most people tell you that it will go down from here it probably won't at least not straight down without a fake reversal. The majority can't be right because the majority never makes money on the market. If enough people turn bearish and short bitcoin whales will makes sure to squeeze them and make them lose everything.
The best strategy with bitcoin is not trying to catch the top or the bottom but start buying time it halves in value and selling every time it doubles the last ATH. Don't sell or buy everything but go slow and use 30% of your money every time it halves.
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.
The best strategy with bitcoin is not trying to catch the top or the bottom but start buying time it halves in value and selling every time it doubles the last ATH. Don't sell or buy everything but go slow and use 30% of your money every time it halves.
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.
July 07, 2022, 01:06:59 PM
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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
July 07, 2022, 11:05:42 AM
The bottom line is that there is never a bad time to invest or buy bitcoin during a downturn, and the challenge is determining when you intend to sell your bitcoins.
and never invest more than you can afford to lose, and now is the right time to make a purchase and although DCA is a great way but I think it is best to buy when you have extra funds and do it gradually as long as the downturn occurs and Hodl to long-term.
it's hard to wait for the lowest price at the right time because bitcoin is not easy to predict because of the decline that occurred due to several factors, and currently the bitcoin price decline is around 70% more, and considering the decline before ATH happened was 85% I think bitcoin price will still go down before reversed direction towards the new ATH which was previously high. We have to be patient because as long as we do it in the long run bitcoin never disappoints.
and never invest more than you can afford to lose, and now is the right time to make a purchase and although DCA is a great way but I think it is best to buy when you have extra funds and do it gradually as long as the downturn occurs and Hodl to long-term.
it's hard to wait for the lowest price at the right time because bitcoin is not easy to predict because of the decline that occurred due to several factors, and currently the bitcoin price decline is around 70% more, and considering the decline before ATH happened was 85% I think bitcoin price will still go down before reversed direction towards the new ATH which was previously high. We have to be patient because as long as we do it in the long run bitcoin never disappoints.
July 07, 2022, 09:37:41 AM
Although fear factors and index of fear suggest that the market is still in a bearish phase and shows no signs of ending, but you should also keep in mind that bitcoin's movement cannot look at those factors that can accurately predict how bitcoin will move, we all know it's impossible to accurately predict bitcoin.
Prices are touching 20k back showing the upward trend, possibly the bear trend is ending gradually but it will take time to overcome the resistance at the 21k USD level. Of course the recovery will be a rule, but the point is to hold through the bear market before wrongly stepping into the direction of panic selling.Quote
Alternatively, Bitcoin has dropped more than 70% since the ATH, we do not need to buy it all at this price, but we can buy it with dca so we don't have to miss a thing if the trend suddenly reverses.
Fractional buying is what I suggest to every newbie. No need to go all in and further spending all your allocation on a single prices reduces your flexibility to sell at different points during a cycle.This is specially a thing when the price is falling and you are buying, you will always end up with some fiat at hand to buy even at the lowest low.
July 07, 2022, 09:36:04 AM
hi, OP;
Well you mention December and 2020 but for fans crypto and strangers the crypto market or bitcoin has always been collapsing...
I understand your point but you bring it to tell us or to discuss it, sometimes expressing our thoughts about bitcoin does not necessarily generate discussion, I feel that you are giving advice.
Well you mention December and 2020 but for fans crypto and strangers the crypto market or bitcoin has always been collapsing...
I understand your point but you bring it to tell us or to discuss it, sometimes expressing our thoughts about bitcoin does not necessarily generate discussion, I feel that you are giving advice.
anyway!
Sometimes it's not just saying buy low (what price?) for me buying low is any price below the last ATH or not? 
July 07, 2022, 09:27:06 AM
I can say I'm party agree with you because the bottom of the price is not clear yet and there is no sign to say the bearish market is going to be over. all we can do during this time is to just watch the chart and wait for a significant signal of change in the market from bearish which is not going to happen soon. because of many factors and the index of fear and greed says that there is too much fear in the market and since we are facing this situation we must just wait for the price to find the button and be ready for another wave of bullish price movement.
Although fear factors and index of fear suggest that the market is still in a bearish phase and shows no signs of ending, but you should also keep in mind that bitcoin's movement cannot look at those factors that can accurately predict how bitcoin will move, we all know it's impossible to accurately predict bitcoin.
Alternatively, Bitcoin has dropped more than 70% since the ATH, we do not need to buy it all at this price, but we can buy it with dca so we don't have to miss a thing if the trend suddenly reverses.
July 07, 2022, 09:01:54 AM
If we want to have the lowest possible DCA, we can invest during the Bitcoin market's lower lows. This way we can say we bought at every Bitcoin's Dip. We don't need to wait for Bitcoin to hit the bottom which is highly unlikely for us to predict.
That is why the majority of the reply here is to DCA. We don't need to guess for the bottom, it is an automatic buy if the price of Bitcoin hits lower than the previous lowest price.
and the most important thing is how much money you have in reserve. DCA requires a reserve of money that has been prepared, if there is no reserve of any money, wait and be patient.For me this is very difficult, you cannot guarantee when the dump will continue. There are also a lot of people telling that when Bitcoin started to dump below $20,000, it will again visit the $13,000 level or worst the $10,000 level.
That is why the majority of the reply here is to DCA. We don't need to guess for the bottom, it is an automatic buy if the price of Bitcoin hits lower than the previous lowest price.
Buying bitcoins at the price Dip on every drop would be better, rather than having to wait for bitcoin to drop more and keep going down. What is certain is that after the decline there will be an increase, the bull market will also come soon.
July 07, 2022, 09:01:12 AM
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.
I don't agree with this because you can't be sure where the low will be. That's why many people invest in the bear market on the way down.
In 2019 people were saying exactly the same thing that you're saying now, that we should not buy and just sit idly by, wait and see and then they all got wasted because at 4k they weren't buying because traders were telling them to wait for 1k. Then the price went up from 4 to 8k so they all thought it to be a bullish reversal and started buying, but it came down and you could see that huge crash when it went below 8k again. Price went from 8 to 4k in 2 days as all those 8k+ buyers sold at a loss.
None of this would have happened if they decided to DCA not wait for a lower/higher price confirmation because you can't be sure if it is a confirmation until the opportunity window had closed.
July 07, 2022, 08:29:27 AM
We have the DCA strategy available, why don't we use it? There is no need to wait any further for the market when we know that the market is unpredictable and we don't know what will happen next. We've been in a bear market for a while and bitcoin is down 70% from ATH too, if you keep waiting for the bottom you'll probably miss the train and it won't come back for you. If you don't have faith in bitcoin then best leave the market and if you believe in it buy and dca when it drops more.
That I guess they are not familiar with the DCA strategy and just thought about buying 1BTC. Well, anyways smart investors will never let the bear season ends without filling their bags, it is supposed we have to adopt this kind of mindset and we all reach our goal and become rich someday. But sadly, it was not - many people still living with doubts and even predicting Bitcoin go deeper.
Actually, it was a waste of time waiting for that.
July 07, 2022, 04:19:14 AM
We have the DCA strategy available, why don't we use it? There is no need to wait any further for the market when we know that the market is unpredictable and we don't know what will happen next. We've been in a bear market for a while and bitcoin is down 70% from ATH too, if you keep waiting for the bottom you'll probably miss the train and it won't come back for you. If you don't have faith in bitcoin then best leave the market and if you believe in it buy and dca when it drops more.
July 07, 2022, 03:18:12 AM
More than waiting for the price to go down further or not, what is clear is that it is a good time to buy. The price could go lower, yes, but I highly doubt it will go much lower and stay at levels below $20k, barring catastrophic news. I think the price behavior lately shows that the level around $20k is strong support.
$20k looks to be a strong support. Earlier the support was around $28k to $30k. For a long the price moved within the range and all if the sudden dropped down reaching the price around $20k. From that point it reached close to $17k, and the recovery happened in a much faster way. So, it looks like the price won't fall that down from $20k. Anyhow when it comes to investment it is their choice to maintain patience and look for the lower price or miss opportunity. 
July 07, 2022, 02:16:53 AM
More than waiting for the price to go down further or not, what is clear is that it is a good time to buy. The price could go lower, yes, but I highly doubt it will go much lower and stay at levels below $20k, barring catastrophic news. I think the price behavior lately shows that the level around $20k is strong support.
July 07, 2022, 12:14:22 AM
You already missed the trough of this dip. It's not going to get any lower than $19K in this short-cycle (the long-cycle is a completely different matter).
Seeing the price climb steadily up, if there is any good news in the market I expect a correction to $23K else I bet it will just hover around the $20K mark.
Seeing the price climb steadily up, if there is any good news in the market I expect a correction to $23K else I bet it will just hover around the $20K mark.
July 07, 2022, 12:00:46 AM
Patience and optimism are great virtues here. The Bitcoin crash is not something new, this has happened earlier too. Have patience and just HODL.
July 06, 2022, 12:33:54 PM
Yes, I agree, given that the market is unpredictable there is no way someone knows where this will go.
The economy is down and not just for one country but for most because of the sanction that happened in Russia which is the mass producer of oil that is largely need for almost everything.
For the Bitcoin price, IMO, this is a good deal. $20k each. It had gone far from $60k and we could see the huge difference.
Another option is to monitor the economy of each country to see if there's a good change. But that's a lot of work.
The economy is down and not just for one country but for most because of the sanction that happened in Russia which is the mass producer of oil that is largely need for almost everything.
For the Bitcoin price, IMO, this is a good deal. $20k each. It had gone far from $60k and we could see the huge difference.
Another option is to monitor the economy of each country to see if there's a good change. But that's a lot of work.
July 06, 2022, 12:15:07 PM
Many people used to count the days waiting to buy bitcoin. Maybe everyone's waiting days are over, now it's time to buy bitcoin.Coins When $69k Many people believed that Bitcoin would never go below $50k.When Bitcoin moved to 40k, many believed that Bitcoin would invest $30k.When spending $30k to 20k dollars, people are waiting for more reductions.But I would say you can invest in this market after your waiting time is over and it is better not to wait for more reduction.
July 06, 2022, 12:02:40 PM
Nobody knows when the market will reverse so instead of the right time it will be better to take advantage while you can.
Yes, but first people should make contingency plans for the worse scenarios. You don't want to end up in the street because you DCA'ed in a bear market although you might have some beautiful gains in the future. I would even make an analogy with the martingale strategy from gambling. By DCA'ing you basically lower the breakeven price of your investments. In martingale you double the bet to recoup the already realized loss while in DCA'ing you don't really double it (but maybe you do). My point is that you need to be careful not to go bankrupt during times of accumulation.
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