Topic: Prepare for the Next Dip before the Real Bull. (Read 521 times)

Nice, now where are the people who told to buy the next dip after the ETF approval or people saying that they will buy once Bitcoin dip?
We fell below $40,000 recently and now we are back above $40,000. Could be that the dip already we are talking about here before the real bull run?

If this price will gradually drop until its next days,  then this is a good opportunity to reinvest again and continue with DCA until you reach your desired bitcoin amount. No need to procrastinate like OP said because we don't know actually what will be the price movement of bitcoin in the next days, so while it's happening at the moment, grab the chance and take advantage of the current cheap price of bitcoin.

While this is new for those who are fresh in the market, but for us long term hodlers, there is nothing new to this. We know that this is coming so we should keep chasing for it.

   The bearish scenario is playing out. Strong resistance at the mid range, we kept rejecting at 43.5 - 43.8k. Any pump now to 42.3-.5k will be a selling opportunity. All attention now is on the bull must hold support, any daily close below that and we are heading for the bearish targets outlined here as stated "if we start trading below this levels" As you can also note, it is already becoming a concern to the market with the sell offs happening on alts and over-leveraged futures traders how the heat at your end. Bull run preparation, some alts are presenting you DCA opportunities, deploy some cap. If you are a spot holder and you are selling your alts at this levels NGMI, DCA. Spot traders stick to your target and stop loss area.
  This is a healthy retracement, know your levels and play the game, ETH hits 2.7k and down, many argued with me, now i await 2200 - 1900 if this level comes buy more alts. The real bull run starts post halving after the sell the news event again, after this one more major sells and up only. BTC could only pump to 42.199k and like was stated was a selling opportunity. Not much has changed, note for bullish continuation, BTC needs to flip 43.5 - 44.5k as support, but as long as we trade this levels failure of 40k holding which has been tested multiple times recently we will see sub 39k. Use the previous update to view price targets. Should BTC bleed more we need it to be slow and steady so as alts will have opportunity to Flourish, an aggressive move downward and alts will dump hard short term.

Those that do DCA is because they don’t have money to buy all at a time. For the time that the market is very volatile like we are experiencing now, DCAing should be the best method to use now even though you have enough money to buy all you need at the moment. The real bull run is getting closer daily and the need to bag up your wallets is very necessary now.

Before the ETF approval, I never expected the market to fall back to $40K because of how the market was on uptrend on the anticipation of the upcoming news of ETF approval, I expected it to continue in that direction and we may experience a big surge in price but unfortunately the opposite happened.

This is a good time that many never expected to come again, the market is seeing a correction and as we get close to the bull run, the market will see a positive trend. Buying now is important and if using DCA is the best method for you, it is better to use it now before it gets too late.

You are right. The market is giving us opportunity to buy again so we can perfectly prepare when the real bull run hits. Through DCA, it will help us to achieve our goal on accumulating bitcoin as much as we can. Don’t be too naive to wait for the next dip, otherwise we will lost again the opportunity to buy at its cheap price while waiting for the perfect time to buy. Now is the best time to buy, not tomorrow nor the following days ahead.

Today only Bitcoin gained 5.25% for this moment I’m writing you this, going from $39k to $41k in one day could we say it’s the end of the Dip and we will see the bull run from now on. Or it’s just another correction before things swings out for another bearish movement.
It’s so difficult to predict the next price movement even with reading, analyzing and scanning all the data we have before, trying to relate it to history or studying the psychology of traders and market cycle. Many people believes that the market always repeats itself and this is how we should trade and predict, the only issue in all this methods we can’t know when that movement will happen exactly, most of technical analysis are being checked after the market moves and nobody is certain what’s coming, the only method I can relate to is investing with a large amount I can afford for a better income and more importantly is the long term of my trades, so for now it’s always a chance to buy low.

I predict and not really sure about this, But I think the Dip is just around 38-39k and not below. So for me this is our chance to ride the bull.

It's true we can follow the DCA strategy once we find a dip. For me, I am expecting to see Bitcoin in the $35K zone and accumulate in that zone. Though Bitcoin was dipping two days ago, I haven't accumulated anything. Still, I believe Bitcoin would dip to the $35K zone and bounce from there. Unless it reaches my target, I am not going to accumulate it. If you are talking about real bull, then we might see it later halving. 

I really like your analogy from the pictorial image displayed here to showcase the bottom hole of bitcoin dip for the interesting ones to buy. Hey buddy bravo. Yeah men, because in of the bullish after the dip that is very near, we advocate to those who wanted to invest when the price was high but could not because of the price and now that the price is going to down, they can use this opportunity to accumulate more to their portfolios. It is a good thing to buy from the dip and hodle till the bull market has come again. And it is said in the op, if they can't buy at ones then they can use the DCA method to get it done. And that is one of the fastest way to go about it. Just like the popular saying in the forum "Buy the Dip and hodle".

You have good point though. Most people use DCA method not only to accumulate more profit but its also help in minimizing risk. Because doing DCA enable you to Keep accumulating certain quantities of BTC in fixed duration. For example you can make your DCA weekly depending on your choice. Like for example during the time BTC created it's  ATH alot of people still jump into market expecting it to beat that price at that moment. But No it's end up experiencing a massive dip. Some of the individuals that as fall as victims buying in the peak (ATH) end up selling in losses. While some keep using the DCA strategies to accumulate more bitcoin at the dip. Now I'm pretty sure they in great profits now due to the DCA strategies.
To me most time I reason going in at once, is like I'm trading or gambling. most time going in at once is good when you know that you enter at the right time. for instance Around 2020 month of April when bitcon price was around the price range of $8k and you go all in. And was patient enough to hold till now you won't be scared to go all in again because even though the price experience a correction you still be in profit and at that time you'll base on DCAing

DCA is a good way to invest in bitcoin, but in some certain situations or circumstances, DCA is not always the best method. For instance, with the current market conditions, if I have a good sum to invest in Bitcoin, I am going in at once. I have my reasons which is; bitcoin has already corrected from 48k, there might not be further corrections and secondly, ATH is not met yet, so that's a great opportunity to make huge profits in the future. You might want to go with DCA and before 2 weeks, the market will fly very high thereby making you loose a good opportunity to buy at a discounted price.

This is not an investment advice as everyone has what works for them. The market is too dynamic and there are dynamic ways to make money and lose money in the industry. As old as I am, I am still making some newbie mistakes. No one knows it all, even an expert or your mentor sometimes makes some ridiculous mistakes and decisions. But what makes you the boss is standing firm to bear the consequences of your decisions, whether or not in the bull lane.

Yep, no one will know what the bottom of this adjustment will be, so planning to gradually buy Bitcoin at this point I think is quite reasonable. Bitcoin has had a long period of hot growth from the 2022 bottom price of 16k to 48k USD earlier this year. I think it has completed the first growth phase for the next 4-year cycle. From the peak price of 48k USD, Bitcoin has had a correction down to 38k USD (about 20%), which I think is enough for a short-term correction.
This is just a healthy correction for the next growth, there are many people out there waiting to buy Bitcoin at lower prices such as under 30k USD or even 20k USD. I think this is an unreasonable expectation when the Bitcoin ETF has been approved, the price is unlikely to go that deep as the demand to buy Bitcoin to secure funds is increasing. If someone is still hesitant, I think you should think again. Sometimes if you overcalculate by a few percent, you will have to pay many times more in the future.

It repeats many times in history of any market.can

We have rhythm of history because people as human don't change themselves and human instinct is the same for everyone. Very few people can change themselves from psychology, emotion to action in the market.

Because the majority can not change themselves, market will continue with its cycle and people in your example are a lot in the market. They will hope to have opportunities, ignore chances when they come and hope to get other chances. It's cycle of hope and denial.

Psychology of market cycles

Interestingly, when market prices are high, many cryptocurrency investors say the prices are too high they hope the price will go down, but if the market goes down they don't have the confidence to buy because of the panic situation in the market.
Another sad thing is that when a market crashes, only a few people talk about the benefits it brings. So I admire you for bringing up this topic.

I completed my biggest purchases in December 2022, I spent the whole year buying and accumulating, nowadays I'm just waiting for time to pass.

Today, my DCA is the money from subscription campaigns. I'm very happy with the results I've had so far and I'm very excited about the results that will come in the future, bear market, thank you for existing.

Bear market is like traveling back in time, buying bitcoins at the price they were years ago. I love these opportunities.

Yea, right, try to time the top and the bottom and eventually you'll lose in this race, because there are bigger and tougher players than you. You guys should realize that you're trying to enter a race here, but you're on foot and some guys are pro athletes, while others cheat and ride on horses

1. You don't know if there's a dip coming. Maybe it is, maybe it isn't.
2. You don't know how low it will go just as you did not know how high the ETF pump would take us.
3. If you want to buy bitcoin a 15% dip, called crash by people who don't understand bitcoin, is a great opportunity.

Bottom line, you either want bitcoin or not. If a 15% crash is too much for you to keep holding, or not enough for you to start buying, maybe you don't really want it. Just buy bonds that won't experience volatility and be happy with 5% a year.

I know that I did not expected it to go below 40k, that much is for sure. So, when I saw the price go under 39k, I started to feel like maybe I was wrong and that type of thing makes you lose your situation a bit, like you are not sure if you know what you are doing or not. You may start to even think about not having any idea what's going to happen.

Personally, I would say that it will go back beyond 40k again, and this drop is only temporary, I am pretty sure that by March or so, we are going to go up a lot, like 50k, because halving will be close and everyone will buy, so I am sensing that it will go up. Just like in 2020, when it started at 7k, reached to 3-4k levels first, then hit 10k mark and then kept going up later on.

We're still on the roller coaster, the market has never been on pump always but also dump and price corrections. Is it really the situation worth worrying about? Indeed, not surprising anymore as we have this kind of situation so many times where corrections come always after a price surge.
Instead of wondering why it has gone like this since ETF was approved, we consider the situation as another chance for us to buy more and also think that ETF couldn't assure anything nor keep the price on top. Let's wait for the halving to change the market direction and bring it back high again, I was even more convinced than ETF, honestly.

Lol, when people says that ETF will be something to bring the next bull run, then everyone is happy to see it punches itself to almost $50k. Now that the price goes on the other side and to $39k, now everyone is blaming it. I will say that we should stay calm right now, this is not the first time that we have seen the price dips before a pre-halving. Anyone forget that around March of 2020, the price nosedive to $3k and because of the pandemic, everyone panic. There were even proponents who says that bitcoin is dead. But guess what, we bounce back during the one of the worst year for everyone globally, lockdown and others, and yet we reach new all time high in 2021 when we are still in that kind of situation. So just relax everyone, as I have said, we've seen worst, just be patience and wait after the halving.

Few comments are blaming ETFs for the dump, I will like to tell you that it doesn't matter, at this point it's very expected that Bitcoin will retrace back to 3* because it always do the same, if you are good with past data you will see that Bitcoin have always do the exact same thing.

Many will say otherwise, some will say it's something else, more FUDs will be born, it doesn't matter, Bitcoin will always do what it has been doing, the answer is all in the chart already, the problem is many people aren't even aware of this fact.

This will probably be the last buying opportunity before the halving, we are still going to go side ways but by the third quarter of this year it's already over, the bulls will be strongly back and many investors will FOMO into the market like they always do, it's a God damn circle over again.

Before the cryptocurrency market turns bullish there is a downward trend which many of us may call a correction and some may call it a dip. It is also considered as an opportunity for common investors which is very important to be observed by investors. If an investor gains prior knowledge of market conditions, he can benefit by increasing his investment during this downturn.

Market decline can happen for any reason. At present, ETFs are approved, so the market is more likely to be bullish. In all these possibilities when the market goes down some investors get emotional and sell their bitcoins which helps the market go down further and at that time an experienced investor takes the opportunity. A golden opportunity to grow the portfolio quickly. The bottom line is that some are selling emotionally or to reduce risk while others are trying to capitalize on the opportunity.

Experts believe that a big dip at this time is an indication of the next strong bull run. Moreover, many investors may realize this by looking at previous patterns. But in the case of investment, the investor should invest by observing the market with his own experience and knowledge.

If the market start dumping then we should wait for more days then see if the situation gets calm since its bad action to take to accumulate while market still in bad condition and we might ride the dumping scenario and get bad decision due to that scenario. That's why its good for people aiming to see possible good position is to waif for more further then execute their buy orders since from that for sure they can earn since bitcoin has a high chance of good recovery after these dumps happen.

This is also a good time to do this DCA strategy since we can able to get a good profits from this once bitcoin price recover or even bitcoin start to gain back its momentum then pump again and we became so lucky since we bought ours at $39k or more below than this.

those who were not able to buy at $40k or little bit higher probably can't buy at 39K either.
beside saying that I can't buy Bitcoin because of high rate is nothing but just an excuse. for a Bitcoin accumulator it doesn't matter if bitcoin is 40k or 39K . he keeps buying and filling his bags. smart people use DCA methods.
You know. there is no need to buy a whole bitcoin. you can keep buying sats in small amounts.

Happy DIP Btw.

Well as long as Grayscale still owns more than 500K BTC we might see a few months of pressure on the price, as investors enter on a discounted price to buy the GBTC ETF in the last three year. I expect the cycle of pressure selling will take few months after halving because investors will think twice before buying a falling knife.

We have to keep an eye on the Grayscale balance of GBTC, and once it is below 10,000 BTC, I think from there we can expect that we start to see a rise again.

Currently they are holding 500K BTC- so we have a long time to see them hold 10K BTC or below.

Let us observe.

It is suspected that the recent drop in price is caused by the selling of about $2 billion worth of FTX's bankruptcy estate by Grayscale Bitcoin Trust (GBTC). I don't think the price will drop to $30,000 because more investors are still putting money into Bitcoin. I suggest that anybody who has the money shouldn't wait but they should start buying because this is a golden opportunity. Nobody can perfectly predict how the market will turn out during and after the bull run. But just as everyone has recommended, the DCA strategy remains the most effective means to invest in Bitcoin. It makes investing convenient and less risky.   


Long-term investors don't need to worry about the temporal movement of the market because they have already projected when to sell. It is generally believed that the price of Bitcoin might get to ATH a few months after the halving, I think this should be the target of long-term investors. There are no standard criteria to measure a good altcoin, so we have to be careful when investing in these coins.   

If the investment is done at the right time then it is definitely possible to make a profit. But investing in Bitcoin is the only recovery possible. For example, the current Bitcoin market dropped from 48K to 38K at present. And if you can invest in the present time, you will definitely save a lot. But investment requires patience Risk and patience alone can make investment successful.

After investing, if the market condition starts dumping, you must buy and hold the coins at that time from which you can get profit. If we see different coins, we have to choose some good coins from which we will have less risk of loss by investing.  Investing cannot always be assumed to be profitable while losses must be accepted immediately otherwise you will never see success.

No it’s not a stupid idea, and you’re wrong to wait till certain period of time or price to start DCAing because that’s not DCA again to wait for a period of time. If we all know a certain time while price will be low then nobody will actually DCA we will just go in all at the low price. DCA is actually done because of lack of certainty on price movements and it helps to actually narrow down average price.

For example if you DCA at $45k, $41500 and $39k right now you will be at an average price of $41800. This is because the price did fall, had it been it actually increases you will have been in better profits. So DCA is done at any price you have funds to invest just that you up the amount as the prices falls.


Nobody is actually sure which direction bitcoin will take now, the price might dips more from here or the price might go further up from here. I myself predict a fall to the region of $36k but it’s just mere speculation, what if the buying power suddenly outweighs the selling and bitcoin begins to raise again. The best thing is as I mentioned above just DCA

It is normal that the Bitcoin market has touched 38k at the present time. The reason why the price of Bitcoin is going down is a huge opportunity for holders because this is the last chance to invest. Bitcoin market has declined from 48k to 38k this year. So there will never be a better opportunity to invest in Bitcoin now. Investors should not be fooled at this time because this opportunity will never be available again, the halving is not much longer than 87 days. So this sign of Bitcoin decline is a huge opportunity for investors to invest.

Thanks for the heads up but I am waiting for 35k but it's true that anything under 40k is a good buying area but I will advise you to avoid going all in, as we can see even lower price for Bitcoin entering into the month of March.

Right now a good DCA strategy is best, buy some Bitcoin this January ending and do the same in February and early March, you won't have to worry much about price action with this DCA method, it always works best.

No one knows what's going to happen, from my research this morning I can see that even big whales are dumping billions worth of Bitcoin like they knew something is coming, it's a stress to react to this but it's better to just DCA and hold your Bitcoin.

It is impossible to predict the bottom, so every 20% drop in price will always be a good buying region, price dropped? buy! price went up? wait... it will always work out, we are close to the BTC emission cut, selling now would be the worst thing to do, it's time to start buying, accumulating more and more.

Like the saying goes after the storm comes the calm, after this bearish season will come the bull run, and to everyone who has been waiting for the opportunity to dive in can do so now, like me I have been hoping to have this chance and will definitely not let it pass by. It is a golden opportunity indeed

Here's my proof, the charts of the price of bitcoin with the halving timeline.


It's not that I'm confident about it, it's just that it almost always happens, when bitcoin does this it's a precursor towards the price going to pump and I'm no expert about the pricing so it's up to you and anyone else what price they want to buy bitcoin. I don't have an exact price as to when I will buy but one's I have saved around a couple of thousands of dollars then just wait for the right time.

Some weeks ago when bitcoin was about $45 some people were bothered because of how the price was increasing, and now we are seeing the dip, this is a good opportunity to buy bitcoin to hodl for the bull market. This is an opportunity we may not come across again maybe till the bull market is over. And now that the dip of price has occur some people will still be waiting for the price to still come down below this very price.

Buying bitcoin at $39-40 is not a bad idea and waiting for it to still come down below this price can be another mistake which the price can increase because bitcoin is unpredictable. This is the time actions needs to be taking to invest bitcoin,  any delay can still make people to miss the opportunity of buying bitcoin at this affordable price.

I think, I will still embrace this opportunity when money enter my hand soon because it look like the price  of Bitcoin will still return back to $20,000  before the real bullish will start flowing for the long term investors and short term investors to start making what they have not make before in their investment. It was a shocked to me this morning when I saw the new price in the crypto market, because I thought that the price of Bitcoin will not decrease more than $40,000 before the real bullish will begin but what I saw now show that another bearish will still roll in the market before the bullish will start fully.

What evidence do you have to prove that what you say will definitely happen? Is there any evidence that bitcoin will fall even more and this is not the time to DCA? Bitcoin is unpredictable and it has dropped significantly from this year's high of $48k and now at $39k, this is arguably a good time to accumulate more bitcoin for those still there's money left. Waiting is always a bad idea when investing in bitcoin because no one can predict how bitcoin will move tomorrow.

If you are confident that bitcoin will fall further and now is not a good time to invest, I would like to ask what is the lowest price at which you buy bitcoin?

It's not yet the time guys! Bitcoin will definitely go much lower than that and you don't want to be buying right if you can help it because there's no way that you're going to want that anxiety of seeing the price go down again but you've already bought at a lower price. This is a golden opportunity for us to do overtime with our jobs and maybe even try to find more ways to make money so we can maximize the value of when we buy bitcoins when the price continues to dump.

Such a significant correction may not occur, I do not exclude that the price will no longer fall below 35k, and if something like this happens, then this may be a very short-term phenomenon that will not allow this strategy, since it involves buying in equal parts, and if there is a drawdown short-term, like during a corona dump, then you will need to buy in one transaction and use the reserves that you have for this.

Surely this time of the market is the best time to invest in bitcoin, as according to everyone in this forum, but the thing is, not all of us have the money and capital to use for investing. That's why, as we are saying and according to the OP, DCA is the best alternative to invest in bitcoin or to have holdings so that when the most-awaited bull run will, they will ride the rocket and earn some money, but it's not that simple; it's not that they will just buy and buy when they see that the price goes down; every move should be analysed and thought about.

 Yes, it's good that you will open positions when the price goes down, but what if it keeps on dropping? Your liquidity might not be able to handle the down trade, and your assets will be gone, so for those who're planning on doing DCA, make sure to have the basics of bitcoin or trading so you can see what position is the best to enter and compute the possible drawbacks of the market. Invest wise!!!

Best time to DCA as price goes down a little bit. Lucky to those who have extra money to invest right now. Some say Bitcoins price reach new ATH every four years so 2025 will be the next ATH and it makes any sense to buy more and more via DCA.

I can only say that those who have wait for bitcoin to hit the $30k level might want to start their purchase now via DCA, otherwise they might definitely miss another great opportunity. Though I wouldn't expect a huge bullrun even on the day of the halving or even after a handful of months. It's more likely we're going to see a huge run late this year or early in 2025. Nevertheless, we all still have time to start stacking more bitcoin or even add more fill the bag to maximize the profit.


No one, that's why DCA would be the most helpful strategy of investing to ensure you're not missing every bit of the opportunity to buy at the lowest possible price. $35k or below might be too deep to be waiting for you to make a purchase, judging on the market sentiments. But then again, doing DCA would save you from doubts and missing the opportunity.

I think it's a good investment opportunity when the market is ready for a dip to hold the investors while going down like this before the market goes up. The best course of action in a bear market is to step back assess the market and identify potential projects that lead to the next bull run. Your success as a retail investor in the next bull market will depend significantly on how effectively you use available resources and available cryptocurrency data. As investors position themselves for the next bull run the various cryptocurrency markets will continue to hold bitcoin for long term holdings.

I have been doing DCA and i would say it's one of the best way to accumulate Bitcoin without feeling the pinch of dump or pump because either way it would be beneficial for you on a longer run.

Also there are occassion like sudden dip in Bitcoin where we sometimes have to buy more and this depends upon if you have enough funds or not because sometimes when we will do DCA we don't save seperate fund. If I had additional funds I would have purchased Bitcoin now.

But I don't see any similarities between the two events you mentioned, Covid is bad news while ETF is not bad news. During the Covid pandemic, bitcoin rose in price as governments printed money to save the economy and online investing became trendy at the time because people had no other jobs when the pandemic hit. During the pandemic, not only bitcoin but other financial markets such as stocks and foreign exchange also grew well.

For news ETFs, this is good news for the market in the long term, but in the short term, the "buy the rumor, sell the news" effect is happening. Furthermore, bitcoin's correction is completely reasonable as no market goes up forever, and bitcoin has been rising for months so it's no surprise that a correction is happening now.

I'm not saying that DCA is a bad method or accumulating as soon as possible is stupid, I'm just reminding @I_Anime not to rush. Is it wrong?


Who knows?

The mainstream is always strong and cannot be resisted. It's true, we don't know what's happening in the market and many are confused when looking at the market in recent days which has clearly seen the global cryptocurrency market capitalization fall.

In the past, high transaction fees were the problem and now large institutions are starting to sell their holdings slowly after the profits obtained from the fomo increase after the ETF approval was launched.


For DCA, I think it's good and it's the right solution if there are funds in your wallet. Yes, keep collecting now.

The best way to invest in bitcoin is to use the DCA method because no one can predict the future. If you know technical analysis and look at bitcoin charts, the sharks and market makers can do that too, so never be too dependent on what the charts show us. If predicting bitcoin's trend is based solely on charts, you're not the only one who can do it.

If you don't buy now and wait for bitcoin to drop further, it's not necessarily a good idea because you have no guarantee that it will definitely happen. Furthermore, I believe you will not dare to buy even if bitcoin drops to $35k or $32k because then you will think it will drop to $30k or $25k. DCA is the best way to invest in bitcoin.

Nothing wrong with DCA as we go, but a lot of people don't take into account that "buying a dip" is a varied mental calculus. For example, you might measure that "dip" against your volume targets and apply accordingly.

Looking horizontally, I have three positions left that I'm looking to add to vertically to hit my remaining volume targets.  Anyone in a similar circumstance might look at those total-sum decisions rather than "just buy the BTC dip". For example, is this "dip" actually worth going apeshit over? Are you going to buy ten percent of a BTC when at 40k the same ten percent is only a grand more to scramble for? When, by comparison, your 3800 bucks right now could create volume in something like XLM or ADA where your current portfolio is striving to amass 115,000 coins? Or LINK where you were striving to amass 1,115?

My point?  Unless all you buy is BTC, buying the dip should be allocated according to the dip. Using the "10% of a BTC" example, your 3800 bucks might get you further on a higher-volume project at this time, especially when you'll still land that 10% of a BTC within reason even at 55k a coin.

I'm not saying that any of the mini-thesis here in the thread are wrong, but rather just giving some total-sum thought to consider in the mental algebra for anyone who read it.

This is what those late comer wanted so take the advantage in buying this low because any moment it will jump back to above 40k and may start the run until halving.
If I were given enough funds now surely I will buy more but I have enough and since the beginning of the year , I started keeping funds for the enrollment of my youngest son.hopefully will have good return from my business this week so I will have funds in buying more.

Any Interested investor in bitcoins should not have been waiting for an opportunity to buy since they're really late but should have started buying since through the same dollar cost averaging method that they plan to use to buy bitcoins if the price dips. Waiting is a dangerous game.

It's not a correction.

Grayscale clients are selling massive amounts to move to ETF's. It takes time, the BTC is moving around a shell game. I suspect allot of people are liquidating BTC to move to ETF's. Just wait a few minutes. BTC ETF surpassed Silver ETF's in under a week.

2020 when we saw the market went down really hard just because of the WHO announcing that we are in a pandemic. A few months after that, we saw the market going up, and up, and up, and we saw the start of the bull run.

Fast forward to 2023, we saw the SEC accepting those 11 Spot Bitcoin ETFs. After that, we are currently seeing the market going down, and down, and down. Many expect that the acceptance of a Spot Bitcoin ETF will push Bitcoin to the $50,000, but it's the complete opposite that's happening.

See the pattern? I mean don't take it seriously because I just saw it, and well, it seems like it's kind of happening again. A bad news a few months before the halving happens, then a few months after the event happen, market will start to rise, and we enter the bull phase. Don't take this as your basis because you might lose your money, but take this opportunity to buy more Bitcoins.

I think this is an opportunity for investors and those that were wishing for a dip in other for them to buy as it is normal for the price of Bitcoin to undergo this necessary corrections after Spot bitcoin ETFs were approved so there shouldn't be any panic at all because I know by now that some short term hodlers that was expecting the price to go high so that they can sell their coin and make some little profits are already panicking and contemplating either to sell it off before it dips the more or leave it till the corrections have been undergone and the price skyrocket again but even as at that, every one should hold their coin and if possible acquire more of it in their portfolio because this corrections is an added advantage for Bitcoiners who are into long-term hodling.

People anticipated a lot from Bitcoin Spot ETF applications and believed those applications will be approved by SEC, which actually happened. Because of massive anticipation, price already soared a lot in four latest months in 2023.

Now, it makes sense to have correction, even big correction after four consecutive green months and just three months before Bitcoin halving in April 2024.

This correction so far is still smaller than what I believe it should be.

Bitcoin historical corrections from all time highs. They are corrections from all time highs but you can find similar big corrections from peaks.

We all don't know. No one knows what will happen next. All you can see is pure speculation, that's their own opinion.
My own opinion right now that causes these recent dump is the ETF approval, where some are already dumping because a lot of anticipated we will go for mega pump because of approval.

It is true that anyone who understands the market knows that it is a good opportunity to buy and collect more. Bitcoin is now under 40K, so the opportunity is appropriate to buy for those who missed buying at cheap prices.

Those who are hesitant, afraid and hesitant to buy should seize the opportunity, otherwise they will surely regret it several months from now.

I think the pattern so far is that the price goes down a few months before the halving. At least this has happened in the previous halvings. I think what's happening right now is partly this pattern. Of course there's still the effect of the sell-off brought by the decision of the SEC approving Bitcoin spot ETF applications. The rest is probably caused by the reaction sellers, those who sold because there's a sell-off. This is indeed a good time to buy especially since the halving is fast approaching.

Not sure that the next target will be $50,000 after this correction, but it is indeed a good time to continue accumulating bitcoin. Many people thought that the rally would take longer than this after the ETF was approved, but as usual, most other people also considered the news to be just hype.

Don't be in a rush to do DCA, maybe we can wait a little longer to get the best price, also look at the chart that now we have broken through the support point ($39,564) where we will most likely go much deeper.


True, this is not the ideal place to discuss price movements of bitcoin, it is better to move it to speculation.

The market started dropping unexpectedly and those who are on leverage trading will definitely get their money liquidated if they don’t act fast. This is really the best time for those who want to buy and hold for long to dive into the market and stop their procrastination but we still can’t tell how far this market is going to drop before it will recover back to the top again, and even as the halving is behind the corner their is no guarantee that immediately after the halving that we will see any increase in market price, so even as the price is down for now and one still want to DCA they should use what they can afford to lose and what they won’t be needing any time soon incase the market still happen to see a new face of dip they will not be too much affected by the price change.

Thread best fits in the speculation board so man you may have to move the thread to speculations, to get the right visibility and contribution needed.


Let me drop my own view on the current Bitcoin market price, for me this is a big opportunity to buy more Bitcoin and since there has been alot of hype around the market that has kept Bitcoin at a high price all the while, but right now there is another opportunity to buy bitcoin below the 40k price benchmark which is a discount price that many investors have been waiting for to buy Bitcoin before the next Bitcoin halving.

What I see happening to the market is just a price correction. Bitcoin has used the ETF new and the up coming halving for the market hype, which was among the factors that contributed to the price of bitcoin going up due to the high volume of accumulation that people were acquiring.
 
Now that the ETF has been approved, the market has reacted in the opposite direction, which was not what many expected, and many have also sold out their holdings, taking profit from what they bought earlier before the market went up, so the market is just trying to correct itself before we can start seeing a real positive price again. Adding to the fact that miners are on their selling mode in the past few days, the market have every reason to drop down for now we might even see more of this in the coming days.

while most people emotions are being put to test. I take this as an opportunity to buy the dip   this as given those that didn't  enter the market on time, opportunity to buy now and continue their DCA method. Now bitcoin is around the price range of $39k you can see that the price as dropped. But after this little correction bitcoin next target would be the price range of $50k or even more than.

The time to purchase has come again. Many can't buy because of the hike of price but it is coming down again for you to start your investment and there should be no excuse this time and this is a quick reminder to those who were procrastinating their investment plan because of the hike of price. Now there are different ways for you to aquire some unit of bitcoin into your wallet before the real bull time. Now that the price is coming use DCA to aquire the unit you want, with the DCA you are not buy all at once but just a percentage every week so that even you
Buy on this because it is coming and don't wait until the dip or the bottom, you don't know what will happen.