Excellent, perfect...that's up to you mate but yeah, we never have missed this opportunity for this won't happen long-term.
We have to take a mirror and remember the last bear season when people had missed buying Bitcoin at $4k? I believe in this time, we don't let this thing happen once again, we indeed make sure that we fill our bag already before the next halving comes or the next surge arrives as it certainly takes long before the market drops again.
Topic: The bitcoin price drop is an excellent time to buy bitcoins - page 2. (Read 910 times)
I just don't mind about the price of Bitcoin right now. I started doing DCA with BTC just this month when the price was around $30kish. My goal was to build wealth for the long term and I am planning to put my extra "not beer" money into BTC every month. Despite that we may not know what would be Bitcoin's price later on, I believe that it'll grow and surpass its previous all-time high in the future.
Whether if it's this year, next year or a few years, I am committed to buy more BTC in an old-school way of wealth building which is dollar-cost averaging.
^ DCA way of buying BTC is a good start, you will not experience losing on this because you are not buying BTC at once and feel that you have a loss when the BTC price is drop. It is now exactly the right time to buy BTC and hold it in a long run. Spending $50 a day and buying BTC is not that bad, it seems you have a digital piggy bank wallet is on this way but never forget how to secure your assets and it should be an open-source code type of BTC wallet. When the BTC price will drastically down, investors will happen but holders will get sad. Whether if it's this year, next year or a few years, I am committed to buy more BTC in an old-school way of wealth building which is dollar-cost averaging.
I don't think so. I hope you know what you're saying coz you know not all the time when bitcoin dropped it doesn't mean a good time to buy as it depends on the situation of the market. As the matter of fact there's a lot of people lost money in such situation coz they all thought thay it's always an excellent time to buy but it's not. Lmao so be careful bro!
I still prefer to think Bitcoin is doing great as long as it is not down to zero. I mean I would worry a lot if bitcoin goes nuts by dropping to as low as $500 bucks because then it's as equal to as loosing everything we have in our wallets. It's around $26k, which means it's still huge valuation of bitcoin. Keep them holding, keep them in wallet and we are yet good.
Views like bitcoin going to zero or bitcoin going to 500$ are just insane and bitcoin is never going to fall that far down. When bitcoin is bearish we hear such news everywhere in the market and many newbies sell their holdings on these news and regret later.
This is a time to hold your savings and investments in crypto. No need to be panic and buy more bitcoin if you have the funds.
And the only way something like that could happen is if a fatal flaw was found in bitcoin, something that is quite unlikely, after all many years have passed and many people have tried to do exactly that and they failed, so people need to be realistic and accept that something like that is most likely never going to happen.
I just don't mind about the price of Bitcoin right now. I started doing DCA with BTC just this month when the price was around $30kish. My goal was to build wealth for the long term and I am planning to put my extra "not beer" money into BTC every month. Despite that we may not know what would be Bitcoin's price later on, I believe that it'll grow and surpass its previous all-time high in the future.
Whether if it's this year, next year or a few years, I am committed to buy more BTC in an old-school way of wealth building which is dollar-cost averaging.
Whether if it's this year, next year or a few years, I am committed to buy more BTC in an old-school way of wealth building which is dollar-cost averaging.
Why do you think that the price will not fall further? It should be understood that now the price of bitcoin generally does not feel very positive.
Certainly money is made when we buy in bear market and sell in bullish market but only if you are long term investor who have capacity to hold and can wait for return of Bull market. Crypto market always gives buying as well as selling opportunity to those who believe in it & firmly hold their Bitcoin and this is vindicated by historical record of Bitcoin since 2009.
Maybe those people that sells in a bear market miss understood what you guys are saying about money is made during the bear because they are selling instead of buying but I think they also have their own point. You can only make cash or a profit once you sell and not when you buy but that is if they are still up by some percent.Those who sells in a bear market does not always mean that they lose because some of those people have also bought their coins when it dumped heavily and they only sell it for a while for some reasons and maybe it's important because they are collecting more funds as soon as possible.
You should have mentioned seperately that you aren't a financial advisor just like other crypto investors op. Anyway, I do agree with your opinion that this is an excellent time to purchase BTC and HODL for the long-term.
I am confident that BTC will bounce back into the $40K - $50K region, but that could happen a week or an year from now. Also, this is just pure speculation which is why you should always invest only what you are willing to lose.
My speculation is based on the historical behaviour of BTC, but history doesn't always repeat itself.
I am confident that BTC will bounce back into the $40K - $50K region, but that could happen a week or an year from now. Also, this is just pure speculation which is why you should always invest only what you are willing to lose.
My speculation is based on the historical behaviour of BTC, but history doesn't always repeat itself.
I still prefer to think Bitcoin is doing great as long as it is not down to zero. I mean I would worry a lot if bitcoin goes nuts by dropping to as low as $500 bucks because then it's as equal to as loosing everything we have in our wallets. It's around $26k, which means it's still huge valuation of bitcoin. Keep them holding, keep them in wallet and we are yet good.
This is a time to hold your savings and investments in crypto. No need to be panic and buy more bitcoin if you have the funds.
However, only invest what you can afford to lose because investing all of your money in it is like you are putting all of your eggs in one basket. There are instances that you will lose it all, like the holders of Luna. A lot of investors invested in it and then it crashed. Take it into your mind that anything can happen, so you'll be ready for what will happen to you and your investment and jus to br safe invest those money that it is okay for your or can't really affect a lot on you if you will lose it.
Nowadays cryptocurrency has gone to such a stage that people are making money from it and are facing losses. Although you have invested heavily in cryptocurrencies in the past, now is the time Patience is needed at times. This is because the state of the cryptocurrency market is much worse now than in the past, which is why all investors are now facing losses.
Most people who barely know Bitcoin would not think of buying the dip but instead doing the opposite one which is panic selling. These are the people who think they could get rich in a single day when they invest Bitcoin but that's not how things work here. If we see a dip then that's a good result since you can buy during the dip meaning you have to accumulate more and planning to sell in the right time a.k.a. holding for a long term investment.
It's not just bull run is an excellent time we have to look at the bright side of why it does happen and having a correction is a good thing.
It's not just bull run is an excellent time we have to look at the bright side of why it does happen and having a correction is a good thing.
Money is made during bear market, because the price of bitcoin is going to be cheap that you can buy a lot and HODL it. And then just sell when the bull run comes, simply formula that everyone should follow. But for those who are afraid to buy in dip, I would say that it's because of lack of experience more than fear of the market. Because they think that it won't give them a huge profits. If they will just look long term, they will understand that bear market is the best time to accumulate.
Although, Bitcoin is not for quick-rich just like what they saw or experienced in most altcoins, it's different, it's best for long term investment.
it would take time and deep understanding about bitcoin market, in order for the user to appreciate about its potential. for most newcomers, they thought this is their path to get rich. but there's more than meets the eyes here. for long timers, as theyve seen the numerous times of up and down movement, definitely, they will see this opportunity to accumulate more. but that is, if they have spare funds that they can afford to buy more. but for most new buyers, they are always in worry that they may not get the profit they want. patience is needed in this market. if you don't have, you will surely sell at a loss.
Most people who barely know Bitcoin would not think of buying the dip but instead doing the opposite one which is panic selling. These are the people who think they could get rich in a single day when they invest Bitcoin but that's not how things work here. If we see a dip then that's a good result since you can buy during the dip meaning you have to accumulate more and planning to sell in the right time a.k.a. holding for a long term investment.
It's not just bull run is an excellent time we have to look at the bright side of why it does happen and having a correction is a good thing.
It's not just bull run is an excellent time we have to look at the bright side of why it does happen and having a correction is a good thing.
Money is made during bear market, because the price of bitcoin is going to be cheap that you can buy a lot and HODL it. And then just sell when the bull run comes, simply formula that everyone should follow. But for those who are afraid to buy in dip, I would say that it's because of lack of experience more than fear of the market. Because they think that it won't give them a huge profits. If they will just look long term, they will understand that bear market is the best time to accumulate.
Although, Bitcoin is not for quick-rich just like what they saw or experienced in most altcoins, it's different, it's best for long term investment.
Don’t panic
This is the first thing that we must have, never panic because the price of Bitcoin keeps dropping. It is better to stay calm and hold our Bitcoin. Panic will only make the situation worse. Moreover, if we are using loan money or savings for daily needs, we may feel panic enough. That is why always be smart and wise in doing investments in Bitcoin.Additionally, I agree with this:
Should you own bitcoin? Should you invest in bitcoin now?
Yes exactly, Bitcoin is always the most valuable crypto and this is the worthiest crypto for long-term investment. just buy and hold it. Moreover we can also wait for another dip price again 
It is still dropping as well. I know that we should be excited about this drop because it has been a while since we didn't reach a higher price, and the longer it stays low the sooner it will get to a high price. After one day of being low, it may not recover and I understand that, after a week it may not recover, after even a month it may not, but do you really believe that it will be 30k or under for a whole year? It will not, which means that each passing day is closer to going up. This is why I am excited, still sad to see the recovery hasn't started, but I am quite happy that we are getting there very soon.
The bitcoin price is currently only moving slightly below and above the 30k area which I think is a good time to buy it and buy every drop if the price continues to drop below 30k.
no one can predict the lowest bitcoin price point and vice versa because the right choice is to buy every drop and hold it for the long term, because bitcoin will provide excellent returns in the long run.
it's just a matter of time and there will come a time when the bitcoin price will reverse in a positive direction, so taking advantage of the opportunity to buy under 50% of ATH is a good choice most importantly be patient.
The great thing is that it has been here for a while, anyone who had any money could have grabbed it from wherever it is and they could have gotten in as well. I personally could have sold my whole house by this time since it dropped to 30k or under and today, it has been here for that long.no one can predict the lowest bitcoin price point and vice versa because the right choice is to buy every drop and hold it for the long term, because bitcoin will provide excellent returns in the long run.
it's just a matter of time and there will come a time when the bitcoin price will reverse in a positive direction, so taking advantage of the opportunity to buy under 50% of ATH is a good choice most importantly be patient.
Of course I didn't do that, why would I sell my house, I would rather get another house than buy bitcoin, I prefer real estate to be a lot better. But at the same time we are talking about something that is a bit more difficult here, finding money if you do not have any, those people are the ones in the biggest trouble, I had some but I do not know what I would feel if I knew that it is a great time to invest and yet I had no money to invest and miss out.
whenever you are ready mate , there is no need for certain price to buy nor a perfect time to invest but as long as you know that it is profitable or you can carry the low price and hold? then why need to have a second thought?
all your points are valid but i still believe that this market needs trust for you to earn and not just a way to make money over time.
This is what people don't know about cryptocurrency, if you want to buy cryptocurrency buy the one that have good potential such as bitcoin, but i believe that you can buy to make profit when bitcoin price is low. Investors don't look at a specific time to buy bitcoins but they monitor market very easy and understand before buying, but no point in time you will buy Bitcoin and get lost of it, because bitcoin always rise and profit will be made. But this is perfect timing to by bitcoin and other cryptocurrencies all your points are valid but i still believe that this market needs trust for you to earn and not just a way to make money over time.
Waiting for at least $25k before I put some money to buy bitcoin again. The current price is already good enough but I believe there is still some room for this current downtrend with all these things happening around the world market and the stock market. Once I snatched that target price I have, I'd probably buy in small increments in the next coming weeks to average my entry for this current term. Rinse and repeat, and never really had problems with what I'm doing for years now since it always turns out positive for me.
Bitcoin price drop certainly provide an opportunity to buy bitcoin. But I wont suggest you to invest all your life savings right away. Currently forces like Russia war and US rate changes along with ban by china and possibility of ban by Russia is plaquing the bitcoin economy. These economical factors will surely get resolved, but it will take some time. Yes I guess if you are thinking of a long term investment. You can invest a part of your money, and in very long run your grand children will thank you for investing in bit coin, but please ensure you pass on the keys
If you are into bitcoin, i think there's not other best moment to accumulate more bitcoin than to see its own price drops every now and then. Although it gets scared and panic for all those who bought bitcoin at a higher price, but as long as they did not sell their bitcoin, losses are still on hold. However, this is certainly a big opportunity for us, not that we only get to buy more bitcoin, but everything in the crypto market becomes cheap and are very affordable since bitcoin still creates a big influence on the whole crypto market. 
Even with opportunities like this, many people are still afraid to buy cos of the possibility of the price dropping lower. In reality, every btc drop is an opportunity, price drop is more positive than negative. If you are an ath buyer, all you need is a little bit of patience and dca, and for others, a great time to buy at a more cheaper price.
This is the time to build your portfolio against the next bull season instead of being fearful, btc investment has been proven to be the best choice among other assets, so why not take the opportunity.
You are absolutely correct but some investors do not see this so instead we keep seeing the repeated noise of how they think Bitcoin is dying instead of taking advantage and investing in the dip. Most investors are impulsive investors and don't seem to even take lessons from past Bitcoin reality. As you said, this is the time to grow your portfolio even by just DCAing. This is the time to build your portfolio against the next bull season instead of being fearful, btc investment has been proven to be the best choice among other assets, so why not take the opportunity.
Those who go after this negative noise and fud, they will always lose money in crypto. Do you know who will make maximum money in this crypto world ? The one who will be able to buy at the lowest price and sell at higher prices. This is the right time to buy bitcoin for the long term. Believe me, those who buy bitcoin today, they would become billionaires in year or two.
Even with opportunities like this, many people are still afraid to buy cos of the possibility of the price dropping lower. In reality, every btc drop is an opportunity, price drop is more positive than negative. If you are an ath buyer, all you need is a little bit of patience and dca, and for others, a great time to buy at a more cheaper price.
This is the time to build your portfolio against the next bull season instead of being fearful, btc investment has been proven to be the best choice among other assets, so why not take the opportunity.
You are absolutely correct but some investors do not see this so instead we keep seeing the repeated noise of how they think Bitcoin is dying instead of taking advantage and investing in the dip. Most investors are impulsive investors and don't seem to even take lessons from past Bitcoin reality. As you said, this is the time to grow your portfolio even by just DCAing. This is the time to build your portfolio against the next bull season instead of being fearful, btc investment has been proven to be the best choice among other assets, so why not take the opportunity.
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