Topic: Now is the time to just wait for the price of Bitcoin to come down. - page 4. (Read 677 times)
July 05, 2022, 12:04:55 PM
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.
July 05, 2022, 12:00:45 PM
As soon as Bitcoin will reach a great and feasible price to buy, many people will start buying, and hence the demand will rise for which the price will rise.
So according to me there is no perfect time to buy the Bitcoins.
Whenever possible buy as many Bitcoins as you can. You never know when the price will starts increasing.
So according to me there is no perfect time to buy the Bitcoins.
Whenever possible buy as many Bitcoins as you can. You never know when the price will starts increasing.
But, it's quite satisfying if I can buy Bitcoin cheaply and see the price go up again. Maybe your words are more suitable for long-term investment/trading. I think there must have been a good, good time that was when we could get the bottom price. Although it is rarely we can do it. Because our combination of technical and asset management is not 100% correct. We only use technical to maximize profits and minimize losses.
July 05, 2022, 10:55:44 AM
Never underestimate the amount of people ready to step in because of past performance.
Really think there is a strong support level not too far off current prices...
Unless some real shit hits the fan
Really think there is a strong support level not too far off current prices...
Unless some real shit hits the fan
Yes people are forgetting that they are not only one who are waiting for Bitcoins price to come down.
As soon as Bitcoin will reach a great and feasible price to buy, many people will start buying, and hence the demand will rise for which the price will rise.
So according to me there is no perfect time to buy the Bitcoins.
Whenever possible buy as many Bitcoins as you can. You never know when the price will starts increasing.
July 05, 2022, 10:32:53 AM
How about DCA? You can just do that. Know that as you are investing, there can be a period of unrealized loss, which means you have not sold your bitcoin and you keep on investing more instead of investing all at once. There are different strategies to investing than just to wait until you mean another bull market.
DCA is the best thing to do in this case but sadly, Only open minded traders that have faith to Bitcoin usually do this method while newbie and weak hands trader preferred to wait for the bottom until they never bought at the dip because they are still waiting for the bottom to happened even though it was already occurred.
No one knows what exactly the bottom of this downtrend but DCA will really help us to average the buy price as if you buy the bottom if you can manage properly your capital buy distribution.
July 05, 2022, 10:27:19 AM
Quote
Because if you invest in a downward market, you will get a lot more profit.
Are you saying that the market will fall again or? the dip is not yet enough? this could be the limit or maybe you are right when you said that they are many frustrations since 2020. Covid came and bitcoin did numbers after a year. The war just began and soon it'll settle down, many people or victims that got saved through bitcoin donations will acknowledge the coin in the future. Say next year and things will work out fine for cryptocurrency. The world can't be in total peace we are too many to expect such a peaceful world without frustration and war. Though as humans, we don't see things as regard previous actions. As they say leave the past, it belongs there. But, with the look of earlier trends on bitcoin in the year 2021, this is the best moment to invest. Waiting for the price to hit 10k or less may be risky. We saw bitcoin hit 60k during or after a pandemic (according to different countries) so investing on bitcion now is okay. Though waiting for bitcoin to fall again in price like Luna before investing is not advisable bitcoin price has been on that price rate for a while now.
July 05, 2022, 10:15:24 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.
Imho this is a bad advice since the market can very well start growing (any of the directions is just as probable).
I think that the best advice - if one indeed wants to invest - is to DCA. If one keeps waiting for the bottom he may easily miss it and then he may get disappointed that he has missed the train. And when he becomes convinced again to invest... he will FOMO-buy at ATH...
July 05, 2022, 10:07:46 AM
Never underestimate the amount of people ready to step in because of past performance.
Really think there is a strong support level not too far off current prices...
Unless some real shit hits the fan
Really think there is a strong support level not too far off current prices...
Unless some real shit hits the fan
July 05, 2022, 10:06:27 AM
The first thing before investing is know what asset you're invest and know how to manage your funds to invest it, you shouldn't take a loan or use emergency money in order to invest more. Talking about to wait Bitcoin will goes down and bought at the dip, you're seems doesn't know about Bitcoin. Can you predict when Bitcoin the lowest price in 2022? Obviously you will don't have any idea and trust what does those expert say.
Do DCA and you will bought at the lowest.
Do DCA and you will bought at the lowest.
July 05, 2022, 10:04:54 AM
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.
Buying when the price goes down or cheap is indeed one of the things that traders and investors look forward to the most, because that way it will be possible for them to get bigger profits when the price rises later, but for now I don't know how long we have to wait, because it seems the current decline seems to have hit the bottom of the bitcoin price, I doubt that bitcoin will to fall below $18K, so it's better to get into the market and buy now when the price is cheap. 
July 05, 2022, 09:57:57 AM
How about DCA? You can just do that. Know that as you are investing, there can be a period of unrealized loss, which means you have not sold your bitcoin and you keep on investing more instead of investing all at once. There are different strategies to investing than just to wait until you mean another bull market.
July 05, 2022, 09:48:00 AM
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.
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