Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy.
What's the connection of being professional and unprofessional just because someone is waiting for it to dip? I don't see any reason to call somebody as unprofessional just because he's waiting for the dip? Yes, there's DCA and other strategies but you can't just call someone unprofessional because he's waiting for the bottom. Everyone is waiting for the bottom and that's the time that we're waiting for and we like to invest at the bottom because that's the most ideal time and price to buy.
Topic: When Bottom? - page 4. (Read 812 times)
copper member
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While there are people who are waiting for the price of Bitcoin to pump, others are still waiting for the bottom so they can buy and accumulate more coins at its cheaper price which could make them gain higher profits when the bull run approaches which I think is good preparation. That's not unprofessional but rather a good strategy of applying the basics of buying low and selling high.
This right. Waitingfor a perfect opportunity to have a better position on lower price is actually the right way. Buying Bitcoin on rush just to enter without any confirmation of the trend reversal is the real unprofessional way yet it's not wrong too as long as the purpose of the buyer on doing that just for accumulation for a long term holding like Microstrategy doing when they keeps buying while the price keeps dumping.
I think the decision of buying and selling of crypto traders depends on the purpose of there trading some wants a short term profit that’s why they want to purchased at the most bottom part while others is thinking for long term that’s why they keep buying on any price below the ATH.
Bottom for what for cycle you never know you always get about it after the end of cycle haha. Indicators can just give a direction for me its not done yet bro i am waiting for it but we are close to the market bottom. Bottom but why you want to know about it really if for investment so that the best time for the investment. If you are expecting market pull back sooon after the bottom then bro we are in the consolidation zone wait for the market sentiments to be reversed at-least for the 30K.
Taking a look at prices at coinmarketcap isn't giving me hope we are at the end of the bear market yet.
But the charts and the overpriced assets (Shiba Inu, Dogecoin, etc.) are not the only indicators.
I am also having a hard time to really get an indication or at least a feeling where the crypto market will head in the mid and longterm future. It is definitely true that projects like Shiba Inu and Dogecoin are still valued way to high, because in the end they are just useless shit coins. I think though that Dogecoin will still be in the top 50 in terms of the market cap. Just because it was the first of all those meme coins and many people seem to have a soft spot for that project. But the charts and the overpriced assets (Shiba Inu, Dogecoin, etc.) are not the only indicators.
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When Bottom? $17.5k is the bottom and currently Bitcoin is priced at $19.5 and rose to $20k earlier,
if you haven't bought Bitcoin I guarantee you will regret it because many people expect Bitcoin to dump to $15k,
and unfortunately the month will change and September will be over .
Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy. No one knows where the bottom will be, if we wait we will miss the opportunity to buy bitcoin cheaply. Investing in bitcoin is a long-term investment, a few percent higher price is nothing to worry about. Many people wait for a bigger drop but this October I believe bitcoin will rise again.if you haven't bought Bitcoin I guarantee you will regret it because many people expect Bitcoin to dump to $15k,
and unfortunately the month will change and September will be over .
Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy.
What's the connection of being professional and unprofessional just because someone is waiting for it to dip? I don't see any reason to call somebody as unprofessional just because he's waiting for the dip? Yes, there's DCA and other strategies but you can't just call someone unprofessional because he's waiting for the bottom. Everyone is waiting for the bottom and that's the time that we're waiting for and we like to invest at the bottom because that's the most ideal time and price to buy. 
When Bottom? $17.5k is the bottom and currently Bitcoin is priced at $19.5 and rose to $20k earlier,
if you haven't bought Bitcoin I guarantee you will regret it because many people expect Bitcoin to dump to $15k,
and unfortunately the month will change and September will be over .
Waiting for bitcoin bottom to invest is unprofessional while we have DCA strategy. No one knows where the bottom will be, if we wait we will miss the opportunity to buy bitcoin cheaply. Investing in bitcoin is a long-term investment, a few percent higher price is nothing to worry about. Many people wait for a bigger drop but this October I believe bitcoin will rise again.if you haven't bought Bitcoin I guarantee you will regret it because many people expect Bitcoin to dump to $15k,
and unfortunately the month will change and September will be over .
Wrong, it's not always, during the last bear market of 2018, Bitcoin was doing like -3-4% at the month of October.
But I do agree that it is a trying times not just for crypto market, but for the rest of other investments that we have right now. The looming recession, or shall I say that we are already in that phase. And still the war that we don't know when it's going to end are affecting everyone of us. Dollar is weakening is another indication that this year and maybe the next, we should expect the worst and so is Bitcoin market. Next year we will still experience another worst bearish trend.
When every investor is able to understand that the market will continue to be more bearish, no one is interested in making new investments in the market. As a result, even if the market is less than 100000 BTC, it will not be able to change the situation. If the market was bullish, the market would not have any effect of MT Gox. The market will gradually be able to break out of this bearish trend. But we have to wait with having patience.
The release of 100k bitcoin will be giving a big damage to the market. I can sure not all of creditors will be liquidating their bitcoin to the market but the problem is if even 50k bitcoin will drive market to go down once such amounts dumped instantly without thinking about the liquidity in the market. Remember the case that happened after tesla was dumping all of its bitcoin. Market goes to the bottom and panic selling everywhere.
Exactly Mt.Gox will issue 137kBTC not 100kBTC, but I don't see it will cause any damage to the market. They put on the market such a large amount of bitcoin but it doesn't increase or change the bitcoin supply how can it cause damage? Like the case you describe about Tesla, I don't see it having too much of an impact on the market, just investors' reaction to the market, some panic sell for fear of loss but there are always some other investors waiting to buy at lower price.
Depending on people's reaction to that news, for me that is good because there will be more buying opportunities for bitcoin and once the bad news is over it will be time for the bulls to come.
If you aren't long enough on this forum you will need to see it to yourself that bear market won't just end for a year or having a constant price for over a year at least it's constant within that bearish market but not when it's in bullish time. I guess this is how really the market works after looking and experiencing those ups and downs of prices.
And if you are waiting for the bottom, the only answer you would get is "nobody knows" since no one could actually guess or predict the future. But there's always a way that you can anticipate when will be the market going up or going down.
It is natural that those that were not around for the crash we saw at the end of 2017 are nervous about what it is happening. but they need to understand that bear markets can be very long and there is not much we can do but to endure them.And if you are waiting for the bottom, the only answer you would get is "nobody knows" since no one could actually guess or predict the future. But there's always a way that you can anticipate when will be the market going up or going down.
And during the time the negative trend is present in this market we will see a lot of FUD being thrown around to try to make the price of bitcoin crash, and this makes impossible to predict how low the price will go and when it will happen, and while this is problematic if you are a long term holder then the bottom instead of being something to be afraid it becomes something to look forward, as that is a great moment to buy all the bitcoin you can.
If you aren't long enough on this forum you will need to see it to yourself that bear market won't just end for a year or having a constant price for over a year at least it's constant within that bearish market but not when it's in bullish time. I guess this is how really the market works after looking and experiencing those ups and downs of prices.
And if you are waiting for the bottom, the only answer you would get is "nobody knows" since no one could actually guess or predict the future. But there's always a way that you can anticipate when will be the market going up or going down.
And if you are waiting for the bottom, the only answer you would get is "nobody knows" since no one could actually guess or predict the future. But there's always a way that you can anticipate when will be the market going up or going down.
The global economy is really struggling right now and that is having a negative impact on crypto markets. The bear market won’t end until we see an improvement in traditional markets. Inflation is still out of control in many countries and the conflict in Ukraine is only intensifying. These are not good signs for the price of Bitcoin.
legendary
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The release of 100k bitcoin will be giving a big damage to the market. I can sure not all of creditors will be liquidating their bitcoin to the market but the problem is if even 50k bitcoin will drive market to go down once such amounts dumped instantly without thinking about the liquidity in the market. Remember the case that happened after tesla was dumping all of its bitcoin. Market goes to the bottom and panic selling everywhere.
I believe FUD will never end. There will always be someone who says negative, even if Bitcoin is the best idea of this century. The bottom may have or been reached, but that is in relation to the current situation in the world. If that changes and there is a major war, or blackout because of energy, then people will continue to get scared. Investments could out of bitcoin and acceptance could fall. For the price to rise, you need many more people and companies that want bitcoin. A bottom in 2023 could be lower with a worse situation than now.
But there are also times when bitcoin does what it wants and I would bet on that
alot reason behind this negative sight in this market, most of them only want retail traders panic and whales buy their coins cheaply. This is the main reason for this fund, I have different sight about 2023 many people said reccesion will happen and maybe stock market will nuke more but it will not happen to Bitcoin. When government decided printing more money ,this is be moment for Bitcoin bounce hard and go to moon. But there are also times when bitcoin does what it wants and I would bet on that
suddenly the MT.Gox event was mentioned again by someone, apparently it's all just pre-arranged FUD.
I'm not sure why you wrote this. This is what everyone is expecting. The BTC from MtGox to be released.
What do you suppose will happen?
Because this topic has been discussed many times every time Mt Gox news buzz again. Mt.Gox released already a official statement that they will be releasing the funds by batch and not in one go. And also there’s still no definite time of the release since the payment structure plan is not finalized. I’m sure that the Mt.Gox BTC itself will not cause the dump but the people who will panic sell due to the FUD news coming from social media.
Right. The moment the first transaction out of an MtGox address takes place it is possible there will be panic. What make sense to me is to end with this situation the soonest possible.
if you haven't bought Bitcoin I guarantee you will regret it ...
Quit the ponzi-talk, please. It doesn't serve anyone. Regret it. Like I'm going to cry at the corner. I have investments, and I hold BTC. This is not about Bitcoin anyway but other coins I'm willing to risk and invest.
When Bottom? $17.5k is the bottom and currently Bitcoin is priced at $19.5 and rose to $20k earlier,
if you haven't bought Bitcoin I guarantee you will regret it because many people expect Bitcoin to dump to $15k,
and unfortunately the month will change and September will be over .
if you haven't bought Bitcoin I guarantee you will regret it because many people expect Bitcoin to dump to $15k,
and unfortunately the month will change and September will be over .
The month of October may still face more crypto winters as most coins in the market will see more price decline and even Bitcoin may face more drop in price and same will be faced with the other altcoin who will face more volatility in their price. But then it is better to hold more Bitcoin this moment and focus less on altcoin.
It's a good choice in my opinion as well to put the focus on bitcoin. Because almost everyone is now focused on the price movement of bitcoin, and I believe that sooner or later bitcoin will stabilize again. Moreover, it is more profitable that the price movement in the market depends on bitcoin. I'm also a little into altcoins that have great potential and of course already have high enough trust, not much but I think it's quite profitable. 
If they are really up to release the coins, it should be very timely that people needed the money this time. If they are really to distribute the coins, it raises the hopes of MtGox users. They better do it already, it will be a big help. BTC may dump but at least we're going to be over with it.
While its not happening yet, price will just hang in this level. Its been 4 months already and we are still seeing seesaw in $18000-24000.
While its not happening yet, price will just hang in this level. Its been 4 months already and we are still seeing seesaw in $18000-24000.
The month of October may still face more crypto winters as most coins in the market will see more price decline and even Bitcoin may face more drop in price and same will be faced with the other altcoin who will face more volatility in their price. But then it is better to hold more Bitcoin this moment and focus less on altcoin.
suddenly the MT.Gox event was mentioned again by someone, apparently it's all just pre-arranged FUD.
I'm not sure why you wrote this. This is what everyone is expecting. The BTC from MtGox to be released.
What do you suppose will happen?
Because this topic has been discussed many times every time Mt Gox news buzz again. Mt.Gox released already a official statement that they will be releasing the funds by batch and not in one go. And also there’s still no definite time of the release since the payment structure plan is not finalized. I’m sure that the Mt.Gox BTC itself will not cause the dump but the people who will panic sell due to the FUD news coming from social media.
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