Will BTC dip again? | Bitcointalksearch.org

lepbagong

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Quote from: rhodelmabanal on June 13, 2024, 06:16:37 AM

Quote from: Reatim on March 23, 2024, 09:28:22 PM

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

You need to set a target because if you dont set a target you are just like a boat that goes with the wave wherever it will goes and you will end up losing, set a target on buying and selling to make profit, bitcoin will go to dip the problem is we don't know when so if there a chances even if not a big chance grab it buy and hold for good.

Get used to setting a target when to let go and when to buy and immediately hold for a certain time according to your own analysis.
because I agree with you, if there is no target, then the opportunity that exists can be lost, and we don't get it anymore won't things happen like that, because they don't give a target according to what is desired.

Bitcoin could be corrected, and it is not impossible because the time for the increase to reach its highest level is still quite long, or it will indeed stagnate.

AnonBitCoiner

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Quote from: Andrija Branislav on June 12, 2024, 10:04:33 AM

It seems that your prediction is correct and in recent days BTC has continued to experience a significant decline, this is also made worse by miners who sell their mining results in large amounts so that the market is corrected day by day and on the other hand I read news that long-holding BTC is also selling in large amounts. it was big too but now it has started moving again and now the price is at $69,934.65.

The price of bitcoin has reduced a lot and the main cause is unknown but if more people sell their bitcoin then the price starts to decline. Now the price is 67k$ which is a reduced price as compared to the previous price but this is not a big issue because this happens usually. Due to some rumours the price also changes a lot but with the ending of that rumours the market turn back to its rising value.

No matter how much reduction occurs in the value of bitcoin it will hit a new ATH at the current bull run and then people will forget about this dump. Usually prices like this are a new chance for those who wish to have some Bitcoin but due to the increased price they have not bought yet so I think purchase and hold longer.

rhodelmabanal

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Quote from: Reatim on March 23, 2024, 09:28:22 PM

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

You need to set a target because if you dont set a target you are just like a boat that goes with the wave wherever it will goes and you will end up losing, set a target on buying and selling to make profit, bitcoin will go to dip the problem is we don't know when so if there a chances even if not a big chance grab it buy and hold for good.

Essential10

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Quote from: Kristiyana on June 12, 2024, 09:26:31 AM

Quote from: tengui on May 17, 2024, 11:38:56 AM

looking at the current market situation it seems impossible that in the near future the price of bitcoin will fall to $50k. in my opinion the upper and lower limits of bitcoin in the near future are $70k and $60k. So far the price of Butcoin has more often remained stable in the $60k-$65k range and it seems like $65k is a middle line that is very difficult to leave. Even though so far the halving has not caused the price of bitcoin to rise drastically, the halving can keep the price of bitcoin not far from the ATH.

Nobody knows if the price of Bitcoin will keep dropping or rises, so the only thing people can do is to be guesting, besides before this time they have been saying that Bitcoin will fall drastically but since then I have not seen any major fall on Bitcoin and now they are saying that price will rise, so you can see that predicting Bitcoin is not possible because when you will believe the price will increase that's when it moves the other direction so people should just keep buying Bitcoin instead of focusing on the price.

Look, different people with different analysis will give different predictions that the price of Bitcoin will be so, so much. If I were to guess this year, did anyone think Bitcoin would reach its peak price before the halving? Another case is that we've had price corrections before and after bitcoin halving but has that happened this year. The bottom line is that no matter how know you go, you can't accurately analyze where it will go. Looking at the Bitcoin market, I personally feel that the Bitcoin market will not go dip, Bitcoin will stay between $60k and $70k most of the time and start a run for the bull season. In my opinion you should continue to invest Bitcoin from this moment to reach new ATH.

Rabata

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Quote from: moneystery on May 16, 2024, 12:52:03 AM

Quote from: CryptoBuds on May 14, 2024, 03:46:07 AM

....

By the way, not only you but many people I know are also planning to borrow money to invest because everyone believes that the bull season will come in a few months. But I want to remind you that no one can guarantee that history will repeat itself, so you need to consider carefully before deciding to borrow money to invest.

i agree that even though in past history bitcoin experienced a halving and then a few months the price rose significantly, but that cannot be a benchmark for us now, even borrowing money just to buy bitcoin is a risky thing because we don't know whether it really goes up or down. so it's best for people who plan to borrow money just to buy bitcoin for the halving later to remain alert and not be too fixated on potential profits to the point of ignoring the fact that they are borrowing money just to invest in it because the price of bitcoin could be different compared to before.

Imagine how much the price of Bitcoin has risen since the beginning? And is it ever possible that Bitcoin can go back to the previous level? Of course that is never possible. Again, we can't underestimate investing with borrowed money. Because many today have acquired their large portfolios by borrowing. I am not advocating borrowing but it is not bad to invest in Bitcoin for long term investment with little risk if needed and considering the potential profit. But before borrowing, you must see whether you are eligible to repay the money. If you can take a loan from a bank and buy bitcoins I must say it is a good idea but you must have the ability to repay the loan otherwise there are more risks with the loan.

Andrija Branislav

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Quote from: lepbagong on May 20, 2024, 04:37:38 AM

It is true that Bitcoin is currently stagnant, and its movement is only in a certain range and does not want to go down or increase to get past yesterday's ATH. But if you see that the bullish season is still long, there is a possibility that a correction will occur first to encourage Bitcoin to increase.
So that the end of the year by it can reach its best point and in 2025 it will reach its latest ATH.
But all predictions could change, but I firmly believe that there will be a correction first.

It seems that your prediction is correct and in recent days BTC has continued to experience a significant decline, this is also made worse by miners who sell their mining results in large amounts so that the market is corrected day by day and on the other hand I read news that long-holding BTC is also selling in large amounts. it was big too but now it has started moving again and now the price is at $69,934.65.

Kristiyana

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Quote from: tengui on May 17, 2024, 11:38:56 AM

looking at the current market situation it seems impossible that in the near future the price of bitcoin will fall to $50k. in my opinion the upper and lower limits of bitcoin in the near future are $70k and $60k. So far the price of Butcoin has more often remained stable in the $60k-$65k range and it seems like $65k is a middle line that is very difficult to leave. Even though so far the halving has not caused the price of bitcoin to rise drastically, the halving can keep the price of bitcoin not far from the ATH.

Nobody knows if the price of Bitcoin will keep dropping or rises, so the only thing people can do is to be guesting, besides before this time they have been saying that Bitcoin will fall drastically but since then I have not seen any major fall on Bitcoin and now they are saying that price will rise, so you can see that predicting Bitcoin is not possible because when you will believe the price will increase that's when it moves the other direction so people should just keep buying Bitcoin instead of focusing on the price.

Zanab247

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Quote from: Zackz5000

Bitcoin has been know for it volatile nature which movement can be unpredictable which always have an upwards and downward movement, but the ability to accumulate Bitcoin and hodl for a longer period of time like 4-10 years and above. An investor can also accumulate more Bitcoin little by little using the DCA method which helps you buy more Bitcoin either weekly or monthly.

All you need to do is to have your savings ready in your account, so that you can use the bear run to buy BTC and hodl for the price to go higher before you can plan to sell to take profits, which is the wish of every BTC hodlers in the forum.

When you plan your BTC hodling well, it will be easy for you to hodl above 10 years, but you need to have other sources of income that will be sustaining you till you find the price of your choice before you can sell to make profits.

That is how I used to start my BTC business, I started with small capital before I decided to increased my capital few years ago, because I use to buy when the price is very low in the market and sell when the price is high.

sotelorene

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Quote from: Reatim on March 23, 2024, 09:28:22 PM

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

Setting price to buy Bitcoin sometimes it's not necessary and sometimes it can disappoint you, let's assume Bitcoin price is $39k and you are waiting for it to dip maybe to $28k before you buy and unfortunately the price skyrocket from that $39k to $58k how will you feel regretful and disappointed abi that's why it is not good sometimes to wait for dip before investing. Invest what you can afford to risk out at that particular time and forget about it for the main time unless you still want to be accumulating it and that's a nice idea too.

shield132

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Quote from: tengui on May 17, 2024, 11:38:56 AM

looking at the current market situation it seems impossible that in the near future the price of bitcoin will fall to $50k. in my opinion the upper and lower limits of bitcoin in the near future are $70k and $60k. So far the price of Butcoin has more often remained stable in the $60k-$65k range and it seems like $65k is a middle line that is very difficult to leave. Even though so far the halving has not caused the price of bitcoin to rise drastically, the halving can keep the price of bitcoin not far from the ATH.

Bulls are too strong, after the ETF approval, Bitcoin is doing fantastic. More than $85M in shorts got liquidated today. You made this post on 17 May, it was quite possible to see 50K in 18, 19 and in the upcoming days if it would fail at its 65K support line but for some reason, yesterday it got up by 8%. It's now hard for Bitcoin to fall down to 50K from 70K because it has to fall down by 30% which is a huge loss and won't happen if something terrible doesn't happen. Now we are officially going to the moon and the next station is 100K American Dollars.

Ojima-ojo

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Quote from: Jegileman on May 17, 2024, 01:41:47 PM

Quote from: Reatim on March 23, 2024, 09:28:22 PM

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

Yes it could and maybe it will never touch that price again even in the future when the bearish season arrives. Why not continue using the DCA method you’re used to if at all you’ve tried it before. It will make you get to buy more coins and get it at an average price of the highest you’ve bought it to the lowest you’ve also bought the coin. Bitcoin is very unpredictable and if you are waiting for it to come down again, it might never come to that price again and you’ll regret why you didn’t buy now. So do the needful at the right time before it’s too late for you.

Bitcoin is going to take a long while before touching that price of $50k such discounted price regime is far gone and the last attempts was a good time to have bought bitcoin since price came close to that benchmark Mark before recovering back and now going above $70k on multiple occasions within the last 24 hour's of market trading.

Although we can outrightly write off the possibility of future market decline that offers bitcoin holders chance to buy bitcoin below even the $50,000 region because of market volatility and reaction to future unforseen events that could impact the market.

lepbagong

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Quote from: YUriy1991 on May 18, 2024, 12:52:25 AM

Quote from: Reatim on March 23, 2024, 09:28:22 PM

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

All I might be coming and the biggest possibility after I've seen a few days in the market for the potential possibility of bitcoin still going down to at least $50k as you intended, I think not anymore.

It is currently on the defensive at $66,800 and playing between $65,500 - $66,800 and ready to head to the 73k mark if possible.

So. BTC sentiment will go further down until the price of 50K is a small percentage.

It is true that Bitcoin is currently stagnant, and its movement is only in a certain range and does not want to go down or increase to get past yesterday's ATH. But if you see that the bullish season is still long, there is a possibility that a correction will occur first to encourage Bitcoin to increase.
So that the end of the year by it can reach its best point and in 2025 it will reach its latest ATH.
But all predictions could change, but I firmly believe that there will be a correction first.

YUriy1991

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Quote from: Reatim on March 23, 2024, 09:28:22 PM

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

All I might be coming and the biggest possibility after I've seen a few days in the market for the potential possibility of bitcoin still going down to at least $50k as you intended, I think not anymore.

It is currently on the defensive at $66,800 and playing between $65,500 - $66,800 and ready to head to the 73k mark if possible.

So. BTC sentiment will go further down until the price of 50K is a small percentage.

Smack That Ace

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Quote from: Jegileman on May 17, 2024, 01:41:47 PM

Quote from: Reatim on March 23, 2024, 09:28:22 PM

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

Yes it could and maybe it will never touch that price again even in the future when the bearish season arrives. Why not continue using the DCA method you’re used to if at all you’ve tried it before. It will make you get to buy more coins and get it at an average price of the highest you’ve bought it to the lowest you’ve also bought the coin. Bitcoin is very unpredictable and if you are waiting for it to come down again, it might never come to that price again and you’ll regret why you didn’t buy now. So do the needful at the right time before it’s too late for you.

I think it depends on the person, since the OP said he was thinking about buying more, it's not that he doesn't already own any bitcoin, those are two completely different things. I personally already own the majority of bitcoin at an average price of $35k, and with bitcoin prices at over $60k, buying more now wouldn't do me much good. Instead, waiting for a major correction to buy is a better idea. But the risk is that there may not be a major correction but that doesn't affect me much because like I said, I also bought most of the bitcoin and the remaining USDT is negligible. Always keeping 10%-20% USDT in your portfolio is not a bad idea because the market can correct at any time.

Jegileman

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Quote from: Reatim on March 23, 2024, 09:28:22 PM

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

Yes it could and maybe it will never touch that price again even in the future when the bearish season arrives. Why not continue using the DCA method you’re used to if at all you’ve tried it before. It will make you get to buy more coins and get it at an average price of the highest you’ve bought it to the lowest you’ve also bought the coin. Bitcoin is very unpredictable and if you are waiting for it to come down again, it might never come to that price again and you’ll regret why you didn’t buy now. So do the needful at the right time before it’s too late for you.

tengui

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looking at the current market situation it seems impossible that in the near future the price of bitcoin will fall to $50k. in my opinion the upper and lower limits of bitcoin in the near future are $70k and $60k. So far the price of Butcoin has more often remained stable in the $60k-$65k range and it seems like $65k is a middle line that is very difficult to leave. Even though so far the halving has not caused the price of bitcoin to rise drastically, the halving can keep the price of bitcoin not far from the ATH.

legendbtc

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Quote from: moneystery on May 16, 2024, 12:52:03 AM

Quote from: CryptoBuds on May 14, 2024, 03:46:07 AM

....

By the way, not only you but many people I know are also planning to borrow money to invest because everyone believes that the bull season will come in a few months. But I want to remind you that no one can guarantee that history will repeat itself, so you need to consider carefully before deciding to borrow money to invest.

i agree that even though in past history bitcoin experienced a halving and then a few months the price rose significantly, but that cannot be a benchmark for us now, even borrowing money just to buy bitcoin is a risky thing because we don't know whether it really goes up or down. so it's best for people who plan to borrow money just to buy bitcoin for the halving later to remain alert and not be too fixated on potential profits to the point of ignoring the fact that they are borrowing money just to invest in it because the price of bitcoin could be different compared to before.

Borrowing money to invest really should not be encouraged, especially for those with a speculative mindset that after halving bitcoin will definitely increase, so be careful because there is nothing guaranteed and certain in this market. But if someone is really serious and willing to invest long-term with bitcoin without being too dependent on whether bitcoin will increase in price in the short term or not, borrowing money to invest can be considered. But on the condition that we have a job with a stable income and still have the ability to repay debt without paying attention to the investment results. We can borrow to invest in this case because sometimes the opportunity will not come back if we miss it.
But for those who are unemployed or have low income, they should give up this idea if they do not want life to become more stagnant.

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Quote from: EarnOnVictor on May 14, 2024, 11:57:14 AM

Quote from: lepbagong on May 13, 2024, 11:24:09 PM

Currently, after going through the halving period, everyone is waiting to see what will happen with Bitcoin. I agree with you that investing in Bitcoin can be done at any time, but it would be better if the price is corrected so that you can get a cheap price and immediately hold it. And now everyone will wait for the correction to be able to buy and hold until the market increases, so they can get maximum value.

I do not agree with the remark that "Investment in Bitcoin can be done at any time," This is one of the misleading heresies surrounding Bitcoin investment. We should be smart in our investment regardless of whether or not it's that of Bitcoin, investment is investment and assets are assets. They have good, bad and ugly times, so we should rather wake up and face the reality and not let anything blind us about Bitcoin investments.

Those who bought Bitcoin at a high level in the last bull run are still lamenting, though it tried to impress them better now, but for how long? What if the person needed the money in 2022 but trusted in Bitcoin, can such a remark be good in his hearing anymore? I am an investor in Bitcoin as well, but I invest sensibly. I only buy low and sell high when the monthly chart tells me to do it having confirmed a long-term bearishness on that chart. This is smartness and not just being blinded by some general saying about the coin that looks too perfect.

All those remarks are basically to put the dollar cost average method into the picture. I totally see a sense in what you've said. The idea of buying when dip is totally a common sense as everyone would undoubtedly like to make profits in a long run. Buying when dip would certainly show good signs of healthy profits in the future.

Though, I see no fault in using the DCA method to buy at any point in time, but this could only make any sense if the source of income in using the DCA keeps coming. Because you don't expect me to save up and buy when Bitcoin is around $73K. But assuming I have a continuous stream of income, then I can buy when it's around $73K, $60K, $57K, etc. Though it won't show any sign of unhealthy profits in the future unlike when I choose to buy when dip.

Zackz5000

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Bitcoin has been know for it volatile nature which movement can be unpredictable which always have an upwards and downward movement, but the ability to accumulate Bitcoin and hodl for a longer period of time like 4-10 years and above. An investor can also accumulate more Bitcoin little by little using the DCA method which helps you buy more Bitcoin either weekly or monthly.

gunungkembar

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Quote from: moneystery on May 16, 2024, 12:52:03 AM

Quote from: CryptoBuds on May 14, 2024, 03:46:07 AM

....

By the way, not only you but many people I know are also planning to borrow money to invest because everyone believes that the bull season will come in a few months. But I want to remind you that no one can guarantee that history will repeat itself, so you need to consider carefully before deciding to borrow money to invest.

i agree that even though in past history bitcoin experienced a halving and then a few months the price rose significantly, but that cannot be a benchmark for us now, even borrowing money just to buy bitcoin is a risky thing because we don't know whether it really goes up or down. so it's best for people who plan to borrow money just to buy bitcoin for the halving later to remain alert and not be too fixated on potential profits to the point of ignoring the fact that they are borrowing money just to invest in it because the price of bitcoin could be different compared to before.

Supposedly an incident like the one you mentioned could happen again, but you have to remember that a few weeks before the halving this year the price of bitcoin had increased due to the influence of the Bitcoin ETF until it reached a new ATH. This price movement shows that there is no guarantee that the price movement of Bitcoin will always have the same price movement from year to year, it will certainly have different differences, it's just that the price of Bitcoin will potentially always rise due to very high demand.

Topic: Will BTC dip again? (Read 1776 times)