The bitcoin price drop is an excellent time to buy bitcoins - page 4.

Captain Corporate

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Quote from: lionheart78 on May 25, 2022, 06:37:38 PM

I don't think the current Bitcoin market stability is worrying. It is normal to have a downtrend price in a bear market.

This here should be highlighted everywhere in the crypto world, it should be told to anyone who worries about the current price. Bitcoin has never been a stable currency, it does drop a lot but it also recovers very well. I get that there has been a few stocks that went up a lot during the past few years, namely Tesla but the reality is that looking back on the past 5 years, you can pick any year and it will always be a profitable thing if you hold it long enough. Yes it does have drops time to time, but when hasn't it recovered eventually? I do not know when it will be, but I know %100 for sure that it will recover again.

lionheart78

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Quote from: naira on May 24, 2022, 12:21:35 PM

For now, market stability is quite worrying.

I don't think the current Bitcoin market stability is worrying. It is normal to have a downtrend price in a bear market.

Quote from: naira on May 24, 2022, 12:21:35 PM

The issues out there that affect the price are very volatile. But every drop is an opportunity, but not to buy in bulk. Maybe you can take Bitcoin little by little. Because at the time of decline there will be another decline. If you're not ready, then don't go all-in just because you can't filter out the information out there.

It is really good to buy BTC during the price drop. It is considered as buying at a discounted price. It is also best to DCA when the price of Bitcoin keeps crashing.

prosperoustop

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all experts said that BTC will not be lower than 30k, but it have it own way, so how to buy dip? when will be dip?))

isaac_clarke22

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Quote from: evichi on May 25, 2022, 04:11:39 PM

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Who knows anyway in the end? All of us are just purely speculating on the prices lately and of course some might even speculate that it could recover back to 50k though I rarely heard that kind of speculation lately.
I am not familiar to who Robert Kiyosaki is though nor the book you mentioned.

evichi

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While Bitcoin price drop is an opportunity to buy Bitcoins, it is important to do that with caution. Robert Kiyosaki, the author of the book, Rich Dad, Poor Dad, have speculated that Bitcoin might fall to $24000.00 (https://news.bitcoin.com/rich-dad-poor-dads-robert-kiyosaki-biggest-crash-in-world-history-24k-bitcoin-price/) Kiyosaki is a renowned entrepreneur and business man and I think he is worth listening to. Kiyosaki is a bitcoin enthusiast. He believes that the U.S. dollar is dying as the government continues to give people free money. "Do not save. Buy gold, silver, bitcoin. Dollar is dying,” he said in April last year. What is important is to invest only what you can afford to loose. We note that what he made was just a prediction, the market may not fall to that level, or may even fall lower.

Ale88

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Quote from: Tanya_S on May 24, 2022, 10:43:58 AM

The crypto market made massive progress in 2021, but we can see significant swings that have scared many crypto investors in 2022. The price of Bitcoin has dropped below $31,000, and many investors panicked. But don’t run from crypto before you read the article.

Besides the article, do you guys realize in what kind of mess our world is right now? If we think all the stuff that happened and that keep happening I think it's incredible to have bitcoin at this current value. Should have happened this situation 4-5 years ago probably at this point we'd be at -90%.

bitzizzix

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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.

masterrex

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IMO, Yes I believe it is, when the Bitcoin price experienced some corrections many investors mostly whales have rushed in to accumulate more Bitcoins from the panic sellers, and it's not a secret anymore because thats what they do every time the market has been experiencing some downtrend and for that reason, many whales are getting richer and richer when the market is bullish and recover again. And IMHO, even $26.5K per Bitcoin can be attractive to those so-called whales who knows?

skarais

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Quote from: rahmad2nd on May 25, 2022, 10:23:00 AM

Bitcoin have been stable price last several weeks ago and I think drop under $26,900 and reach higher price above $30,800.

The price of bitcoin is never stable but maybe the market fluctuations are not very high. The lowest price for bitcoin price after last year's ATH was $26.9K based on Coingecko (most people say $26K) but I think now the market is in a sideways state where bitcoin is trading in the $28K to $30K range for the past week.

Quote from: rahmad2nd on May 25, 2022, 10:23:00 AM

Not any significiant price up from bitcoin and make several investor prefer waiting and watching moment when bitcoin can back above $50,000 again. Almost this month not any effective with bitcoin price keep going down and have change few percent only every day. But any have good news will next month bitcoin reach higher price or back drop again.

The normal price recovery although not very fast, but still a good time for long-term investors if looking to buy to hold it. I don't think they should wait for a deeper drop to make a purchase as currently the bitcoin price is still -58% of its previous ATH. If next month the bitcoin price goes up and the market rebounds then that's good news, but if next month the bitcoin price drops deeper then I don't think it's good news (that's bad news) unless you really want to take advantage of it to buy more.

evilgreed

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Buying Bitcoin on every drop is always rewarding specially for the long term holders. What investors should be wary of specially beginners or newbies is that it is not wise to go all in on every dip because of greed. It should he a little percent specially on a bearish market. The purpose of this is to always have extra funds to spend in DCA strategies. You may miss out on profits but you won't suffer tons of losses. I used to he greedy at catching bottoms and I learned the hard way which I never wish to happen on anyone else. Oh well, at the end of the day, it is your funds this is just a humble advice

)

rahmad2nd

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Quote from: kryptqnick on May 25, 2022, 06:23:06 AM

The lowest price point I see is $26,900 (I use Coingecko for such data), and it was on May 12, so I'm not sure that op meant by the price getting below $26,000. Same goes for Ethereum which, according to Coingecko, didn't go below $1800.
Also, I don't think that what happens in the crypto market is related to the stock market and, in turn, with the Federal Reserve's policies. It's quite a separate industry, and while there's significant correlation with the stock market sometimes, it doesn't mean that the causes are the same.
I also see no reason to limit cryptos to only 5% of one's portfolio.

Bitcoin have been stable price last several weeks ago and I think drop under $26,900 and reach higher price above $30,800. Not any significiant price up from bitcoin and make several investor prefer waiting and watching moment when bitcoin can back above $50,000 again. Almost this month not any effective with bitcoin price keep going down and have change few percent only every day. But any have good news will next month bitcoin reach higher price or back drop again.

rhomelmabini

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Quote from: Tanya_S on May 24, 2022, 10:43:58 AM

Should you own bitcoin? Should you invest in bitcoin now?
It doesn't really matter who you are, a first-time crypto investor or an experienced crypto trader. The most important thing is to be prepared for the bear market. You should hold or even increase your position if you're set up because bitcoin is a long-term asset. The price drop is a good time to buy bitcoins and use a buy-and-hold strategy. Volatility is as old as the hills, and it's not going anywhere. Keep your cryptocurrency investments under 5% of your portfolio. If you've done that, don't stress about the swings because they will keep happening. If you want to invest in altcoins, you should create a balanced portfolio.
Anyway, bitcoin down is an opportunity for growth, and you can take this opportunity.

But not all individuals/the market itself has the same mindset to the bold and the few like you. If someone saw or feels exhaustion they are in panic and that's why we see these kind of selloffs, even the traditional market feels the same, what more to an infant market like Bitcoin?

To survive in a bear market, first, you don't act too hastily, at least DCA on your desired market value and not because you're into FOMO. All-in doesn't seems the best course of action in a bear market. Well, if you're just putting small portion of your portfolio then getting all-in if you can afford to lose it, then it's fine I guess, it depends on individuals risky appetite.

Sayeds56

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Quote from: bittraffic on May 24, 2022, 11:56:28 PM

Quote from: Sayeds56 on May 24, 2022, 11:45:37 PM

Quote from: TribalBob on May 24, 2022, 06:30:56 PM

invest properly don't because bitcoin is having a discount you are playing crazy, remember the terra problem is still warm so think one day btc will also be like that, it's true if you look at the price of btc in 2021 it can give you wealth but times will not repeat the same if bitcoin is always hit by bad news

It looks good opportunity to take entry because Bitcoin is trading between 28-30K range but nobody can predict correctly where is the bottom. Long term investors should take entry on every cross over by using weekly chart of MACD and don't make all your buying in one go, take 3 step strategy. this is how I accumulate Bitcoin and it always works in the long term.

We are almost close to the bottom, I personally think we are almost there. If it drops to $25K I guess we're there already and it could be ready to soar the sky once again. But still its my view only. And my view will not matter compare to the crisis the world is imposing to everyone.

Whether you figure to earn as it bottomed or not, you as a person will need to spend more these days due to inflation which is the biggest hurdle today for prices to go up even on stock market. We are in the recession.

All financial markets are in turmoil and so is Bitcoin due to rising inflation, in this scenario where there is possibility of further increase in interest, it would be very difficult to predict bottom of Bitcoin correctly. Some Technical experts are even predict bottom below 20K which I think won't happen. My main worry is since we all believe Bitcoin is a store of value and it is digital gold so it should decouple itself from stock market and move independently.

kryptqnick

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The lowest price point I see is $26,900 (I use Coingecko for such data), and it was on May 12, so I'm not sure that op meant by the price getting below $26,000. Same goes for Ethereum which, according to Coingecko, didn't go below $1800.
Also, I don't think that what happens in the crypto market is related to the stock market and, in turn, with the Federal Reserve's policies. It's quite a separate industry, and while there's significant correlation with the stock market sometimes, it doesn't mean that the causes are the same.
I also see no reason to limit cryptos to only 5% of one's portfolio.

traderethereum

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I'm considering buying bit by bit as the price drops deeper as that would give me a chance to hold it for a while and sell it later.
So when the price drops to the $28k-$29k level, it will be a good time to buy more bitcoins but don't buy all-in because we don't know what happens after we buy them.
Better save money to buy it later if the price drops again.
Hopefully, $28k is a bitcoin low that won't drop any further and after this, we'll just have to wait until the time comes for the price to bounce up again.

amihada

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Bitcoin price drop is a great opportunity awaited by people who want to invest in bitcoin. currently the price of bitcoin is going down again if it is not used, then losses or regrets will be obtained in the future, as in 2018 many did not take advantage of the opportunity at that time, don't let this opportunity be missed like in 2018.

GreatArkansas

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Quote from: Fakhrulenclix on May 25, 2022, 12:46:35 AM

Quote from: MiF on May 24, 2022, 10:57:30 PM

If the price drop buying opportunity comes the question is how long is your patience to hold because there is no way to know how long price drop or would it become stable or rise up high, no one can predict and control bitcoin price, So if you have a plan for buying you need to get ready and prepare your big patience when the price continue to drop after you buy.

it is true that no one knows to what extent the decline in the price of Bitcoin will occur but in the last few days the continuous decline in the market has stopped, now the price tends to be stable, which is now the price of Bitcoin is back at the 30k point which previously had fallen at 26k. .
(...)

This is one of the best examples that not all cheap is worth buying or the "buying the dip" strategy will always work because you will not know until when that dip will be, it's like you are catching falling knives, but there are some people who are making a lot of money using that method or some are the opposite, they are starting to buy once the market starting to pullback or recover.

Fakhrulenclix

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Quote from: MiF on May 24, 2022, 10:57:30 PM

If the price drop buying opportunity comes the question is how long is your patience to hold because there is no way to know how long price drop or would it become stable or rise up high, no one can predict and control bitcoin price, So if you have a plan for buying you need to get ready and prepare your big patience when the price continue to drop after you buy.

it is true that no one knows to what extent the decline in the price of Bitcoin will occur but in the last few days the continuous decline in the market has stopped, now the price tends to be stable, which is now the price of Bitcoin is back at the 30k point which previously had fallen at 26k. .
but if for long term investment I think it will be very appropriate, the price has fallen too deep and the possibility of recovery is very large and no one doubts that Bitcoin will recover sooner or later.

bittraffic

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Quote from: Sayeds56 on May 24, 2022, 11:45:37 PM

Quote from: TribalBob on May 24, 2022, 06:30:56 PM

invest properly don't because bitcoin is having a discount you are playing crazy, remember the terra problem is still warm so think one day btc will also be like that, it's true if you look at the price of btc in 2021 it can give you wealth but times will not repeat the same if bitcoin is always hit by bad news

It looks good opportunity to take entry because Bitcoin is trading between 28-30K range but nobody can predict correctly where is the bottom. Long term investors should take entry on every cross over by using weekly chart of MACD and don't make all your buying in one go, take 3 step strategy. this is how I accumulate Bitcoin and it always works in the long term.

We are almost close to the bottom, I personally think we are almost there. If it drops to $25K I guess we're there already and it could be ready to soar the sky once again. But still its my view only. And my view will not matter compare to the crisis the world is imposing to everyone.

Whether you figure to earn as it bottomed or not, you as a person will need to spend more these days due to inflation which is the biggest hurdle today for prices to go up even on stock market. We are in the recession.

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: TribalBob on May 24, 2022, 06:30:56 PM

invest properly don't because bitcoin is having a discount you are playing crazy, remember the terra problem is still warm so think one day btc will also be like that, it's true if you look at the price of btc in 2021 it can give you wealth but times will not repeat the same if bitcoin is always hit by bad news

It looks good opportunity to take entry because Bitcoin is trading between 28-30K range but nobody can predict correctly where is the bottom. Long term investors should take entry on every cross over by using weekly chart of MACD and don't make all your buying in one go, take 3 step strategy. This is how I accumulate Bitcoin and it always works in the long term to make huge profit.

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