Topic: Should I buy now or I should still wait for the dip? - page 3. (Read 1261 times)

Investing without a specific plan and just entering the market with greed will always have bad results. But that is the law of financial markets, we cannot expect everyone to be equally wise. If there are no greedy and stupid people, who will become the liquidity pool for the market? It sounds harsh but that's what's going on. The marketplace is a battlefield, which means there will be winners and losers, without a marketplace, everyone wins.

But what's to blame here is when they lose because of their blind greed, but they blame the bitcoin scam instead of admitting they're stupid, as you said.

I don't think what in people or trader minds about waiting for dip price for reinvesting, many time when bitcoin price drop drastically almost of them worried and will bitcoin scam later? Need to change with trader mindset with great opportunity coming and bitcoin have been in the dip price why now not buy as much possibility and what for waiting for another dip?
Current Bitcoin price looks have been in the dip price and don't waiting when close with halving bitcoin will drop, actually closing with halving almost coins will back to higher price and there are not chance yet for buying in dip price. Invest now or never if want earn profit later without needed waiting another time for bitcoin or altcoin back to dip price.

Those people that are waiting to buy bitcoin in a lower price are only procrastinating and they might end up not having any bitcoin. They wouldn't also make profit from bitcoin bull run because they are greedy and it might lead them to great loss,if they get the FOMO when bitcoin price gets to the bull run. Before they  know it,the bull market will be over and their investment will depreciate drastically.

Such people are the ones that will think that they have been fooled but no knowing that it was their greed that made them to buy at the wrong time. It is better to buy now because we might not see bitcoin price as low as this anymore before the bull run.

No day trader would ask that stupid question, I think OP is a long term investor but he is looking for a better price to buy bitcoin.

I know there are some investors in my area who have yet to buy bitcoin because they still believe there is going to be a bigger dumping coming and they are still waiting for that to happen. But I assure you they will have to buy higher than current price because of their greed, they missed the opportunity when bitcoin dropped to $15k last year and now they are still waiting.

OP will be in the same situation as those people if he continues to wait to buy low, while we all know bitcoin is unpredictable. Furthermore, we have a DCA strategy, why don't we take advantage of it?

    -    If you are a long term holder, you should not ask if you are going to wait for Bitcoin's value to drop, instead when you have Bitcoin to buy regardless of its current price, buy it, this is the DCA (Dollar cost average) method. you are saving for the coming bull run next year.

Because if that's the way you think before you buy, you're not a long-term holder, that's just the way it is, the one who wants to do day trading activity. So if you ask such a question, it also means that you don't know what you are investing in this Bitcoin business. You should make sure and find out for yourself if you are a short or long-term holder, this is just a peace of reminders.

Yeah I can see this is where most people got it twisted by waiting for a commendation while the time keeps going, even though I didn't derived anything from your post but I got this clearly "when you said last year the price was around 15k to 19k" have you compared the margin? Yes this alone should sound as a big lesson to you because if that you did invest last year with the accumulation process you could had have ended up cycling lots of fractions without waiting for people's commendations or validations.

Anytime any moments any hours is always the good time to buy because let's turned back the hand of time you would see that each year that passes by are always good time to buy despite haven achieved another high price target but that doesn't mean we won't experience another greater one in time to come, so comparing whether to trade or investment.

We'll To me is best advisable to follow up the one you think of handling without any stress of having to witness any heart breaking since most people do attached so much feelings to their investment could make them restlessness alongside when the market seems that be unstable.

So, why not declare interest to start your journey than waiting for recommendations and validations, even if you don't investment today you would still come back to start regretting of your past of not taking the bold steps and invest at the right time.

If it's for long term investing I think there's a lot of the right time to get in, we just need to stick to the previous ATH, that's if we plan to invest long term.
but for Bitcoin trading, of course entry time is the most important thing, there are many indications that must be studied beforehand and look at Bitcoin price movements/charts because that really determines profit or loss.
As it is right now, the price of Bitcoin tends to be stable and I think that if so, everything is possible.

If talking about trading or trading futures, you need more analysis, more data to choose the right time to trade. But if you are a long term investor and only sell bitcoin during the next bull season then you can even buy now without analysis.



In short, anything is possible and bitcoin remains unpredictable. But we are talking long term holding, so buying now is perfectly appropriate even if bitcoin drops to $25k right after we buy, it won't affect us if we don't sell it. But if we don't buy from now, bitcoin doesn't drop to $25k but goes to $35k then that will be a big problem for us.

Every price would be an entry price and this is something that would really be that not much of an issue to those people who are really that going for long term but for those who are doing short term then they are the ones who would really be that too mindful about having those entries on which using up different analysis and approach using TA's and FA's at the same time. The main question now is, would it really be that ideal to take up some buy as of this current writing or moment when it comes to its price? I could say that it isnt really that bad on having an entry on this point and as long you arent dealing with futures and dont
set some stop losses then you should be fine specially if you are doing spots but if futures then its not guarantee.

For most people now are waiting for 25k below price in speaking about the support but its not something guarantee that we would be seeing these numbers but eventually it would be basing up
if the market would be having some negative news then we might be able to touch up that space but if there's none then this might be the bottom that we are seeing now.

If one is thinking of long-term investment then entry into Bitcoin can be a good entry at this time. Bitcoin price may drop to $25k, but it is more likely that Bitcoin will touch $35k soon. If the price of Bitcoin falls after taking an entry in the current time, instead of worrying, we can get another entry opportunity. I agree with you that if someone is a long term investor why can't he enter at this price. We certainly expect Bitcoin to make a new all-time high this bull season. Looking at the current price, you can say that there should never be any hesitation in buying Bitcoin, but if Bitcoin crosses the $50k mark, one has to be cautious in taking an entry. The timing of entry into Bitcoin is very important. Wrong entry can lead to loss instead of profit.

The market is showing a sign that it will retract to the region below 25k before it will bull. This may happen and it may also not happen, but the likelihood that it will happen is high than the tendency that it will not happen. But then, considering the price of bitcoin being below 29k and the ATH of bitcoin is about 69k. This shows that a buy now will be profitable in the long term investment.
Another way to overcome your fear is to go with the DCA method. By this you may survive even if the market dips unexpectedly.

It is true that bitcoin is having a hard time trying to break $30,000 but that doesn't mean it will definitely drop below 29,000 or 28,000 or deeper. I agree with you that we need to have an analysis before making a decision to buy bitcoin, but if you think buying at this time is not appropriate, I disagree. If you are a long-term investor and use DCA tactics, why not now? $30k is also not a bad entry point if your bitcoin sell target is a new ATH. Don't hesitate to buy bitcoins whenever you can because bitcoins are unpredictable, and neither analysis can guarantee you. What if bitcoin doesn't drop below $28k and it breaks $30k and approaches $35k? You will buy at a higher price now.

Seeing the various kinds of speculation lately, of course, we will be very interested in buying it now so that we can get big profits later, but we must still be able to control ourselves, don't use all our assets for this, maybe not all speculation can occur in the near future.

In investing in bitcoin, of course it will be very profitable in the future, of course in investing we have to know when we have to buy it, but in terms of investing in bitcoin I think this is a good time to buy it and we must be able to hold it so we can get big profit.

I think that if you don’t realize that this is the dip, you need to zoom your charts out a little more. Bitcoin rewards those with a long time preference. People would benefit to view Bitcoin as a 4-year cycle and focus less on making a few dollars off individual trades, but stacking BTC while it’s cheap and selling only during certain period that have been long predetermined.

I think you don't hurry to buy, you need to analyze the market first. Although investing in Bitcoin is quite secure, but you are better to analyze when the right time to buy. I'm sure it won't be easy for Bitcoin to pass $30k now, it already tried to pass $30k in the last few days but it failed. It means there is a chance for Bitcoin to drop again below $29k or even below $28k. If it is possible, why don't to wait for a cheaper price to buy.  

But if you don't want to take an analysis or a research, buying at the current price won't be a serious problem. For the long term holding, buying BTC below $30k is always a good decision. Just imagine if the price to return above $60k, so we get the profits 100%. Moreover if BTC creates a new ATH, we have the chance to take 100+% of profits.

~DWYOR~

I agree that there is a good chance that we are going to start seeing things that change and it will end up being something that will benefit us all. I think it's quite important to remember that we are going to end up seeing a lot of great things, and the result will end up being a good thing one way or another. I think that the 30k price point will be broken soon enough and the result will be that we are not going to see anything under 30k for many years, potentially never again.

This is why I agree that it's time to buy, and we should consider on buying it if we possibly could. That will definitely help us a lot and will make sure that we are doing a good job at investing by starting off with a good purchase price.

When you are wrong and you learn from that lesson, that is the best way to get better at something. Even the biggest veterans in trading end up making loss, just open up Warren Buffets past and you will see that he made some losses in some years as well.

The reason why people are considered veterans and experts in a subject is that they do well better than everyone else, but doing better doesn't mean doing perfectly, because nobody in the world could have a 100% correct trading predictions, they will end up with a loss one way or another when the time comes. This is why it is important to focus on what you could do and try to be as good as you possibly can, that will help you and even if you lose a few times, overall you should be in profit.

Investor's bad habits are always waiting and hope to buy at a low price, in my opinion the best thing we can do is always make many plans, I get training about trading and investment in cryptocurrencies from local owners exchanges and he always suggests making at least 10 plans that are divided In 5 and 5 plans to buy, for example if the price is $ 28k then we buy $ 500, if the price drops again to $ 27K then we buy $ 750 and so on.

Maybe they are still waiting for the last dip before the halving event on which they would really be assuming that it would be happening since we are still year far which there are still things that could happen and this

might be other people been waiting for those situations that would happen and this is where they would really be considering on buying back and on the time that the market would be pumping out then they would really be able to make profits but the question is, would those things would eventually happen? We know that this current price might be the last price that we would be ever able to see or able to buy.
What if it wont really be going down below 28k or 25k? For sure you would really be having those kind of regrets that you had missed out those opportunities.

This is why you would really be that making decisions and this would really vary on each person because we do have different risk taking action because some do assume that this would be the last point before the pump and there are ones who do wait up for last one dump before they would be able to get in.

What bloody dip are you waiting for? The dip AFTER the halving or something? Just DCA if you're that afraid of losing everything all at once or spread out your portfolio among other altcoins. We're already at the dip considering the ATH, and even considering the last bottom which was $13, $14k ish? We're still pretty low imo. Granted you'd probably not see any massive gains for a while, at least for a year anyway, it's still a great entry point for anyone looking imo.

And no, even with the halving next year, the price spike usually happens after around half a year to a year of it.