Topic: When is next significant correction coming? - page 2. (Read 1136 times)

Too much patience would really be not that good all the time because you would really be missing out tons of opportunities on which we know that this could something that will really be ending up for you to have
that regret on not to make any action even further. We do know that opportunities do really come and go, but it is really just that right that you would be patiently waiting for the right entry or exit on which
it is really that always been that recommended. You cant really make that perfect timing consdering this market is really that unpredcitable. Market correction coudl really be always that lurking on the side on which it would really be that so hard for us to tell on when it would happen.

Basing up on TA's? Yes it could be possible. with FA's? Yes you could be able to apply but we do all know that it isnt really that 100% accurate or something that will really be giving out
assurance that it could happen. This is why it would really be advisable that you should really be that setting out those plan B's or C's and so on.

They can make huge profits when they get out much higher than they got in. You are mentioning time frames like a year, but when you are around for long enough, you could have easily known that one year as a fixed investment time frame can go very wrong in Bitcoin. We have had what some people tend to call the crypto winter and those can take a very long time.

There is no perfect timing that you can lay out as a plan. Whether your timing was perfect or not can be judged in retrospect. The perfect timing might be a thing when you are someone from a very knowledgeable circle in the industry and you knew a few things that others don't. Otherwise chasing the perfect timing as an average investor is nonsense. Luck decides whether you got it perfect or not.

Why not, it can still be done if you are really patient.
A trader doesn't have to trade every day to make a profit, but they can still make huge profits even if they trade 1 to 2 times a year. You definitely know what the scenario is, so waiting for the right time to invest or trade is not wrong.

Another consideration, prices will fall and rise over time. You can take advantage of dips to buy and profit when prices rise. The easiest example to find is, someone who had a large budget at the end of 2022 and bought bitcoin at around $16k has seen high returns in 2023 and 2024.

Don’t chase for the perfect timing to invest or trade, but chase every opportunity that comes so you won’t keep missing them. Trying to wait for the next significant correction is never bad, but you are wasting some golden time with bitcoin as you can always invest as long as the price has not reached its peak yet. However, if you can enter the market while there is correction, much better, but it should not serve as your barrier that would stop you not to invest in bitcoin at its current price, regardless if there’s no correction happening at the moment.

Buying bitcoin BTC at 65K$ or buying at 60K$ makes no difference when you look in the long run. Think that the bitcoin Bull market price is 150,000$, so this difference of few thousand dollars won't make much difference. Yes, the only thing that can ruin your life is that you keep on waiting for 60,000$, the price never reaches there and you miss out on buying bitcoin. That is the most painful thing you can experience in your life.

Another thing that many people experiences is that they keep on waiting for lower bitcoin prices, but when they see bitcoin is going up and up, they buy at higher prices out of frustration of not missing out. In the above example, it is better to buy now at 67,000$ and not panic buy at 99,000$ 

We even have the best opportunity right in our face to Buy Bitcoin because what is ahead of in terms of the price increase we about to witnessin fact, you will even regret why you didn't buy at this price levels we have when you must have found out it was way cheaper to compare where we are headed to, So If one knows TA very well, It will become easy to spot good buying levels to get in right now, Today we've kissed $67k price level which I'm expecting the price to go crush $73k area and head up if you don't now buy in my opinion, you might not have this opportunity again, Therefore take advantage of slight pullbacks we will be getting in this and fill up your positions in the market, for there is no perfect point to get in, buy at a level, Hodl and get out when you are good.

If you have a budget ready to invest, then you can still place a buy order at the price you want; Of course below the current trading price. Instead of waiting for the price to correct, I tend to think this method is useful if you are willing to consider the risks of using a centralized exchange. Another way to buy a lump sum at a low price is to continuously monitor market conditions. You can get notifications from several price monitoring application which you can then use to make purchases. This investment strategy is also implemented by some investors, so there is nothing wrong if you adopt it too.

However, the price of bitcoin could still experience a large correction in the future. We have learned a lot about how the market works, so it is not impossible that Bitcoin will lose half of its highest price in the future, especially after many holders sell their holding.

So far the price of bitcoin has often been between $60k-$65k, if the price of bitcoin rises above $65k it is possible that it will fall back below $65k. so in my opinion when the price corrects below $65k is a good time to buy. However over time market conditions can change, especially since the Bitcoin halving has started. meaning that at any time the price of bitcoin can rise drastically and waiting for the price of bitcoin to correct can cause you to lose the best momentum to buy bitcoin.

If you keep waiting for the right moment, then you will never find the right time to buy Bitcoin because the price changes very quickly. No one knows when the right time is. If they could accurately predict when is the right time to buy, there would be so many investors competing to buy and you would never hear of investors having to hold their assets longer due to the price being corrected too deeply.
The right time to buy is when you are ready to enter the market equipped with funds ready to invest and are able to be patient when the price is corrected after you make a purchase.

I prefer to accumulate a large amount of money and wait for a strong correction to happen than to use DCA monthly, but we also need to note what stage of the market we are in. I mean, if we are in a bear market like 2022, we should pool a large amount of money and wait for the most opportune moment and buy in large quantities. But if we are in a pre-bullish period like now, using the DCA strategy will be more effective because bitcoin can increase at any time, bull season will strike at any time.

It will be very risky for those who are hesitant or waiting for a big correction to go all in, because the bull season can come at any time.

DCA is perfect for those who have consistent flow of money regardless of how big or small it is. However, if you have a lump sum amount of money, then just wait for the dips to come or when the bearish market appears, that way you can invest your money at the highly potential coins like bitcoin and maximize their quantity while their price are still cheap and affordable. Expect that you will gain a massive returns when you decide to sell them during a bull run.

Always set or having those stash of funds or having those money whenever these things could happen on which on the moment that the market would be making its correction then you do find yourself to be that prepared on which this is something this is really that recommended because once you dont have money or funds and then suddenly the market would be making out that significant correction then you would definitely be finding yourself on such condition that you had missed out that opportunity on buying more. Whether we do like it or not, the market would be having those downs and then later on it would really be having that recovery on which it would be giving out that opportunity that you could make money out of those movements.

If you wont really be taking up any action then you are just basically wasting up those opportunities on making money or profits. So this is why you would really be needing to be wise and be attentive when it comes to these kind of conditions on which its something that you could be able to play with those volatility and make money on the moment that you have done the right decisions.

Setting aside some money to buy Bitcoin using the DCA method is very good, but we must still be smart in managing our financial conditions. If it is going to be bearish then it is better to collect money in USD first. After that, wait for the Bearish time to arrive and buy as much as possible. However, we also must not regret it when the bull run comes before the bear run occurs. Because that is one of the risks of the decisions we choose.

As we discussed before and it happened because they didn't understand the bitcoin journey process. Panic occurs due to the inability to recognize the bearish process, even though this process occurs naturally and can never be separated. But they forget that after this process occurs there will be a time when bitcoin will experience a gradual recovery and will return to initial price support before reaching the four-year cycle. Investments will be fine when someone understands bitcoin, the correction process that occurs a month or a year will not become a panic when we fully understand the four-year cycle process that will occur.

This period that occurred in the near future is an illustration of how Bitcoin corrected and found a recovery point again. I am quite optimistic regarding the current price of bitcoin and in fact I hope there will be another correction to accumulate purchases. Calm is needed when investing in Bitcoin because even if there is a correction, we will always see a recovery afterwards.

I think even if you have one job, you can still do DCA and buy Bitcoin through your salary but you need to budget everything to the tee so that you won't touch your investment and just continue to do it day in day out. And with that it's going to be a hard grind for us average investor. But for me, it can be done though, going to be hard but possible to accomplished to start during the bear market, accumulate up to this day thru DCA. But as others have said with this strategy, you really need to be prepared and have the patience and. As for the question of the OP with regards to the correction coming, we are still trading sideways after the halving and did dip to $57k'ish so that could be the best time to buy.

Why would a drop of 50%-70% be inevitable? You mean like law of nature? That's nonsense. If you said that those who have been around for a long time know that this is a very real possibility, then I agree. But there is no intrinsic force that makes Bitcoin inevitable drop by the aforementioned range. I have said a couple of times in the past that I don't believe this or that is or is not possible in regards to the price, or is unlikely so to speak. But I learned that I know nothing, so I stopped predicting.

Instead I prefer to stick to my conviction that in the long run Bitcoin will go up. I believe that is the best and most upright prediction someone can give. What's the point in providing year, month and day and a price point when there is no realistic chance to get it right? Maybe the gurus have to give these answers in TV shows and on their Twitter channels to make sure their flock of sheep grows in case the gurus got lucky and get close to the prediction.

It's funny when people say that out of these 1000 gurus there are 5 who got it right. But is it these 5 who got it right, or is it almost a necessity that any 5 of 1000 gurus get it pretty right?

Since you said it is inevitable that Bitcoin will drop 50%-70%, what do you think when we get there? I want to know so I am prepared to buy the dip. 

On the time that the price do tend to hit up some resistance and had been rejected without any further sentiments that backing it up and simply the volume of trade goes down then it would really be likely for us to assume that this is a strong resistance which it could cause up that rejection for a couple of times before it would be making up some kind of pattern. Just like the rest been saying above that there would be no guarantees that these things would really be working but you do have the slight idea on where it would be going. Corrections is always been part of the game and knowing it beforehand is something
that would be the main challenge for us all. If you cant be able to bare it up then this market isnt really for you.

Best clue to a downside move is when the attempt to go upwards fails then speculators give up and it can snowball downwards through support.  At present I think the upper line to beat would be 63k and for the last couple weeks we have been below that level mostly and also the weekly average is mostly negative.

Support below would the last low at about 58k, we traded below that on May start but didnt hold there and recovered.  So those are the two indicators that must exceed and hold to show positive or negative direction.

We've gone sideways so often now for so long I dont think it'll be clear until the weekly bar shows us confirming those extreme levels and holding there.  Then you might get the greater movement.   Buying programs etc. those who want to avoid obvious moves deliberately try to get the market to go sideways by only buying into lows when they accumulate.  All of this hold pattern could resolve in a bullish way still.

And with that kind of waiting up for the right opportunity would something be causing up for them to missed out tons of opportunities just because they do hinder everytime when the market do make out such movement.
Its true that when it pumps then we do wait for correction, if it corrects then we would be waiting up for its bottom and when its consolidating then you would be skipping out on making some orders or entries just because you would really be having those thoughts that it might be going up or down on the time that you do make out such buying or selling decision. If ever there's someone who would be able to know or simply be saying that everyone in the market does know on when those things to happen then everyone would really be doing on the same action which simply means that there would be no market movement or simply those volatileness since
everyone is really that waiting for the right timing.

Significant correction? It would be neither be happening or not with this current cycle. No one really knows on when it would happen.This is why it would be important
that you should really know on what you are doing.

There are lot of people with similar mindset and confusion because when the BTC is down they keep waiting for pump without investing into it as they have subconscious fear it may drop even further and when the market pumps they wait for dump to buy at dip, when the market is stable they wait for correction which no one can predict.