The real bottom is yet to come of BTC - page 2.

rodskee

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

the Month is almost over , we passed half of it but still there is no 15k happened though we are closer now and yes it is 16k 1k apart from your mentioned to come and then we will wait for 10-13 k .

if this bottom will come then it is much better for us to accumulate more , than selling .

ethereumhunter

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

I've started doing DCA after it hit $17k yesterday and $16k. And I'd still do DCA, especially if the price drops to $15k because that's a good moment to buy more bitcoins. I also think that the low price of bitcoin could be at $10k but maybe it could be above $10k and below $15k. But whatever it is, if the price drops, it's a fair price to buy and we have to prepare a certain amount to buy it and then hold it for a while. Buy as much as you can afford and stay within the limit you can afford because you have to split your money to buy at another low price.

sheenshane

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Quote from: passwordnow on November 17, 2022, 03:15:46 PM

Doing DCA is a must these days. Don't wait for those predictions to become reality because you'll never know if those predictions are true. As long as you've got the money ready for your purchase, do it as soon as possible. Again, it's all about DCAing and you need to be consistent on it so that you won't miss the train and as well as those likely low prices that might you've meet along with your DCA journey.

If you've got a lot of money waiting in your hand and ready for the DCA way of accumulating Bitcoin, I rather invest it now than wait for the corrected price. Who knows the price will not reach the buying point that you expected but instead it starts the resistance after a small correction, it might you will miss the buying point in this case.

IMO, it's good if you will buy Bitcoin and hold it for a long period of time, aim your profit goal.
There's no clear prediction when the perfect entry to purchase Bitcoin or waiting at the bottom will come. However, I didn't against the DCA way of purchasing Bitcoin but it will need time for you to have a perfect buying point.

$crypto$

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Quote from: passwordnow on November 17, 2022, 03:15:46 PM

Doing DCA is a must these days. Don't wait for those predictions to become reality because you'll never know if those predictions are true. As long as you've got the money ready for your purchase, do it as soon as possible. Again, it's all about DCAing and you need to be consistent on it so that you won't miss the train and as well as those likely low prices that might you've meet along with your DCA journey.

If you are waiting for the price to fall, you can say that you are buying dips, if you can buy with DCA while you have money and you have to do it at any price, don't wait for the price to go down, so make a purchase today, then if the price goes up, you will still buy to be able to accumulate bitcoins in the future but with DCA you can make purchases once a month.

In my opinion, this effort is still good, rather than waiting for an uncertain price, it is true that doing it from now on is better than waiting for $10k or $13k.

STT

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2008 was the start of the QE programs, except Japan which had been doing it through the 1990s also. One thing you can be sure of it wont make a country richer, all it can do at best is displace the effects to another time. Since we never repay the QE its going to end badly and completely unravel; this relates to volatility which is rising and will continue to do so.

The bottom price for BTC is hard to predict because it should not rely on dollar but its own prospects and efficiency. If BTC cannot help the world with the utility it provides then it does not deserve to do well, if Dollar becoming unstable and BTC more able is possible then I would agree all the prices in the teens are valid to buy over a multi year time frame. The short term speculation over months, weeks and days is more of a wave back and forth, even these upcoming holiday season days could alter those small waves. Markets will be bullish when they perceive FED has stopped raising rates but thats speculative action not real long term imo.

passwordnow

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Doing DCA is a must these days. Don't wait for those predictions to become reality because you'll never know if those predictions are true. As long as you've got the money ready for your purchase, do it as soon as possible. Again, it's all about DCAing and you need to be consistent on it so that you won't miss the train and as well as those likely low prices that might you've meet along with your DCA journey.

cryptomaniac_xxx

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.

Yeah, but I think some of us here have seen the recession 2008-2009 era, the time when bitcoin was conceived by Satoshi. So I guess this is the best time to really test how good bitcoin is in this situation.

Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

For me just expect the worst, he still have one full year in 2024 for a bear market, Who knows, it could be worst than $10k?

But I like your suggestion of doing DCA, one of the best foul-proof strategy to accumulate bitcoin.

lepbagong

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Indeed, everything is entering a recession. It is estimated that next year will be the year when the recession will occur, although now many countries have prepared themselves earlier by tightening budgets and efficiency in all sectors, and not a few have prepared themselves to come to the IMF. .
you are right, friend, that it has an impact on everything, apart from crypto, of course.

the current price of bitcoin is already at $ 16K+ and there will always be a decline again and obviously this is the opportunity you have been waiting for to be able to collect little by little so that you can collect more at an affordable price.
opportunity that may be highly anticipated and all will be easy to be able to participate to continue to collect.

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

clueless use of the word DCA.

to all take this as a que to start your DCA at today's price of 20+

Now if you are a buy low sell high guy put in a buy at 10105 and 9105 and 8105

those would not be DCA moves.

GeorgeJohn

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

I want you to understand that the market is rotational, and theirs no specific time of Bitcoin price, because the future of the market is unpredictable, you might think if bitcoin experience a little positive in the market, that means we have entered a bullrun, or if the market is stagnant in price, that means their is their is every tendency that it will continuously having or experiencing a bearish, so understand that cryptocurrency market is full of speculation, and the bull can kick off at any point in time without anyone expectations.

GreatArkansas

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Quote from: Zaguru12 on November 01, 2022, 03:45:28 PM

Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

With the current market trend I believe DCA will be hard to implement now. The current market rise is not surprising considering how the bitcoin market fairs during the end of the year. But there are more experts who will still find a way round it.
(....)

Dollar Cost Averaging (DCA) is always possible this time, take note that we are still -70% from the all-time high of Bitcoin, and for me, Dollar Cost Averaging during these price levels is still possible and worth it. Because for example recently we just had a hard time to get back again to above $20,000 and few months before we already experienced a lot of time to always falling down below $20,000. So even if you are buying on every dump below $20,000 it's good.

Zaguru12

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

With the current market trend I believe DCA will be hard to implement now. The current market rise is not surprising considering how the bitcoin market fairs during the end of the year. But there are more experts who will still find a way round it. Even if there is another bear market maybe during early next year mostly because of the halving in 2023 I strongly doubt if it will get back to 15k because during this past bear market bitcoin has proven to have a support at 18k and I don't see it going below.

NeuroticFish

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

Coming out with this "comprehensive analysis", people won't/can't take you serious. I hope you can understand that.
I could say that 30k is around the corner and I have pretty much the same chance as you.
Yes, speculation is pretty much worthless.

So the conclusion is that it could be safer to start DCA-ing now. But yeah, everybody should do as they think, since at least one of us may be wrong.

OgNasty

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I am very curious about what’s going to happen when foreign currencies (outside the US dollar) begin to normalize again. Right now I imagine that people in Japan or Europe are probably rushing into Bitcoin to preserve their purchasing power and not be decimated by their local currencies being destroyed in value. What happens when their currencies aren’t sinking like a stone anymore and Bitcoin starts to drop in yen or euro, whatever? Will be interesting to watch.

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Let's see. Buy after we reach 15k just to save on 5k price from now?

Guess I forgot the lesson about the point of DCA.

Quote from: mk4 on November 01, 2022, 05:28:25 AM

Wow! I've only heard the same exact market "analysis" like what? 52,637,215 times since the start of the year?

Then you haven't been hearing enough! Back to the Youtubes and internets, seems some people need a lot of influencing; this generation, really.

Lucius

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.
There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

And because of the recession, the price of BTC will drop to $10k? As far as I know, you are not some kind of expert, but someone who until recently asked beginner questions, and now you are repeating what various yt experts have been repeating like a broken record for more than a year.

I'm not saying that something bad can't happen, but that a 50% crash will happen just like that because everyone wants to buy cheap Bitcoin is nothing but the wishful thinking of those who say all the time that Bitcoin is too expensive for them. If $10k happens, don't think that it will stop there, maybe in that case you will do your DCA at a price of $5000.

JoyMarsha

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Have you noticed the recent increase in the price of bitcoin? If you haven't, try and check the bitcoin price chart. When you do, you will know that there is no more perfect time to invest in bitcoin, if not now.

Don't wait till the price of bitcoin fall to $15000 before investing(It is not happening). The opportunity is now to invest when the price is fluctuating between the range of $19k-20k. If you miss this chance, it will be hard to see it again.

Fundamentals Of

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Why only after $15,000? That's DCA after all. What if the price won't even go down near $15,000? You would have missed buying at all? That would be such a waste of opportunity. If you are planning to DCA, then do it now. Do it even if the price has gotten back to $30,000. That's DCA. DCA is not only started or done when the price bottoms. That wouldn't be DCA anymore. You are actually risking missing the bus if that's the case.

mk4

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Quote from: udayantha11 on November 01, 2022, 04:36:32 AM

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.

Wow! I've only heard the same exact market "analysis" like what? 52,637,215 times since the start of the year?

udayantha11

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2023 would most likely be as bearish as 2022

This time is different from the other, we are in recession. All macro factors there to downside the whole shares and crypto.

There will be more bottom ready. 13000-10000$ range is the golden. Lets DCA after 15K

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