Will BTC dip again? - page 9. | Bitcointalksearch.org

justdimin

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Quote from: khiholangkang on March 25, 2024, 11:11:44 AM

Quote from: Reatim on March 23, 2024, 10:28:22 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?

of course bitcoin will go back down but we don't know that price and when it will happen, today we are on the way to halving, the price will get positive sentiment and of course the increase is more visible from here, but I am quite sure that bitcoin will experience a correction, because to build a reasonable trend structure of course corrections will always be in an effort to increase prices on bitcoin.

I have not determined the buy area for a possible decline, but the price you set is quite logical and can be reached by bitcoin, still this depends on how bitcoin runs where it is going, if we are in mega parabolic price for $50k it could be difficult to reach if bitcoin is more than $100k before halving.

That's the thing about it, we need to consider what's going to change or what's going to stay the same. We can't possibly know when it will go down or how it will go down or when it will go down, but we can assume that it will go down.

Knowing that alone makes no difference because we do not know when it will, so we can't sell beforehand, if we knew when it would go down then we would be able to sell before it goes down and could end up buying it back when it hits bottom, but since we do not know the timing of it, we just don't do it. I hope that people could just hold, just because of that reason, because it will always end up higher too, so holding it makes more sense to me and will make you a lot more money in the end.

Hallroom

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Quote from: Reatim on March 23, 2024, 10:28:22 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?

Investments must be planned, without planning you will face losses. Because you need to plan how long-term your investment will be, maybe for a few years, for a few months, and for a few weeks. But of course, if Bitcoin enters the deep market, I will buy Bitcoin for sure.

shinratensei_

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Quote from: Alpha Marine on March 26, 2024, 02:24:46 AM

I hope you bought it when the price was around $64k. Waiting for Bitcoin to get to $50k now before you buy is not a very smart thing. I think we were lucky to see bitcoin go down to 60k+ recently, that was an opportunity for people to have money to buy.
Ev a $70k, it is still not a bad price to buy because if you look at the trajectory of Bitcoin, it is almost certain that you'll get at least 30% of your investment this year.

I doubt Bitcoin will get to $50k again soon because with halving around the corner, it is speculated that the price will keep going up. Even if the price will dip again, I doubt it will go below $60k.
With DCA, you might be able to buy Bitcoin at good prices and maximize your profit.

in my opinion bitcoin will never go below $60k again as you said not until this bullrun finished we all know that people have learned the pattern, when the price dipping around the date when halving is just right on the corner people already know that the sudden dipping is just a sign of an even bigger rally thats why there are people readying money to bag bitcoin and as a result the recent price dipping wasn't really that impactful and could recover quite rather easily.

i'm sure how bitcoin gonna move will differ this time around, but one thing for sure is that the price might get into the point of $100k because so many people are bullish, institutions are bullish, even the ETF are selling like a hot cakes.
its overall good scenery for bitcoin in my thinking, but we will see, if we truly want to profit at the peak, be a diamond hand, i've learnt from my experience being a paper hand will do no good even more so for investment like bitcoin.

Alpha Marine

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I hope you bought it when the price was around $64k. Waiting for Bitcoin to get to $50k now before you buy is not a very smart thing. I think we were lucky to see bitcoin go down to 60k+ recently, that was an opportunity for people to have money to buy.
Ev a $70k, it is still not a bad price to buy because if you look at the trajectory of Bitcoin, it is almost certain that you'll get at least 30% of your investment this year.

I doubt Bitcoin will get to $50k again soon because with halving around the corner, it is speculated that the price will keep going up. Even if the price will dip again, I doubt it will go below $60k.
With DCA, you might be able to buy Bitcoin at good prices and maximize your profit.

retreat

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Quote from: Reatim on March 23, 2024, 10:28:22 PM

-snip-
bitcoin still go down to at least $50k?

I'm sure that it will probably go down, but for it to fall to $50K USD is probably pretty unlikely, because that's a very deep fall. However, if you are still waiting for prices to fall further, you can just wait because it is very likely that there will be another bear market before the halving, but no one knows exactly when it will happen.

AirtelBuzz

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Quote from: Reatim on March 23, 2024, 10:28:22 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?

After touching the all-time high, the Bitcoin price started to fall for several days but since yesterday the Bitcoin price has come back and started to rise again. Bitcoin price has increased and touched $70k dollar again tomorrow now everyone can imagine that Bitcoin may make another new ATH this time(It might be possible). You set a price target of $50,000 to buy Bitcoin but that may not be possible right now because the Bitcoin market has rebounded. I think DCA should be used to invest in bitcoins because In this method you can buy bitcoins at any price but when the price of bitcoins is low you can buy more bitcoins at the same price. If you had started your investment using this method, you might not have had to determine the low price signal to buy your bitcoins. So always adopt DCA and grow your investment portfolio by investing in Bitcoin.

tengui

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I see that the price decline that occurred recently was an ordinary price decline because previously the price of Bitcoin experienced an extraordinary spike. I don't think this price drop will be that far, meaning $50k is too deep because this price drop is just a frequent price correction. You can see that now the price of bitcoin has started to recover and is back above $70k. setting the purchase price at $50k is fine, but I don't think the price of bitcoin will fall that far.

GreatArkansas

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Quote from: Reatim on March 23, 2024, 10:28:22 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?

Seems $50,000 is already too much for me. $50,000-$60,000 is my buy zone, just in case we drop on these levels until Bitcoin block halving day (approximately 30 days from now) I will keep buying Bitcoin.
That's my plan, I can use my reserved funs to buy Bitcoin instead of altcoins because I am expecting altseason.

DanWalker

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Quote from: Reatim on March 23, 2024, 10:28:22 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?

Have you checked the bitcoin price today? I agree that bitcoin still has the potential to correct and drop to $50k at any time but the opposite can also happen because bitcoin is unpredictable. So I think instead of delaying and bargaining with the market, we should buy bitcoin as soon as possible. Because hesitation will most likely make us regret it if bitcoin does not fall as we expected.

We are in a pre-bull market, so don't expect bitcoin to fall sharply as that is unlikely, if this were a bear market then you might expect that but this is a bull market.

Frankolala

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Quote from: Reatim on March 23, 2024, 10:28:22 PM

I am wondering if will
bitcoin still go down to at least $50k?

No one can predict or know it bitcoin price will actually dip down to 50k.The price is now 68k as I am typing this post. It has pumped from 66k - 68k not quite long. It might be that it will be hard for us to see 50k, since bitcoin price resistance is still within the 60k range.

However, I would say that it is better, that you buy now if you have the money to buy, rather than waiting for bitcoin to dip to your target price before you buy. Delay is dangerous and if you buy at this price now, you will still make profit by next year when we might see bitcoin price above 150k. You can buy gradually bit by bit using DCA strategy to by regularly using a specific amount, so that you can buy at different price intervals. This will still give you an opportunity to buy at the dip, because waiting might make you miss out, if bitcoin price did not dip as you expected.

khiholangkang

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Quote from: Reatim on March 23, 2024, 10:28:22 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?

of course bitcoin will go back down but we don't know that price and when it will happen, today we are on the way to halving, the price will get positive sentiment and of course the increase is more visible from here, but I am quite sure that bitcoin will experience a correction, because to build a reasonable trend structure of course corrections will always be in an effort to increase prices on bitcoin.

I have not determined the buy area for a possible decline, but the price you set is quite logical and can be reached by bitcoin, still this depends on how bitcoin runs where it is going, if we are in mega parabolic price for $50k it could be difficult to reach if bitcoin is more than $100k before halving.

bitzizzix

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Quote from: Reatim on March 23, 2024, 10:28:22 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?

It looks like you missed the opportunity to buy Bitcoin because the current price of Bitcoin is 69K+ and the price of Bitcoin did not fall to 50K, in fact the decline that occurred did not exceed the price of 60K. And my question is because the decline in Bitcoin prices has not yet touched the 50K mark, have you ever made a purchase during the decline in Bitcoin prices that occurred in the last few days?
And I don't think there is an ideal price to buy Bitcoin because Bitcoin is not easy to predict, and the best choice in my opinion is to buy Bitcoin when you have money and whatever the price. Because if done in the long term, in the end the price of Bitcoin will rise again.

Bd officer

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Quote from: Reatim on March 23, 2024, 10:28:22 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?

If you want to invest in Bitcoin by setting a target price, you can miss the current price. For example, you set a target price of $55k to buy Bitcoin, but if the price of Bitcoin goes up a lot instead of down, you will regret the current price. So it is better to invest in DCA method.

The market has been fluctuating a lot over the last few days, currently the price of Bitcoin is between $60-70k. I think it is highly unlikely that the price of Bitcoin will fall below $50k. But no one can predict the crypto market accurately. You invest in DCA method. If you invest in DCA method you can buy bitcoins at average price.

Kelward

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Quote from: Alphakilo on March 23, 2024, 11:43:58 PM

Quote from: Reatim on March 23, 2024, 10:28:22 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? I am wondering if will bitcoin still go down to at least $50k?

I am planning on buying more coins but not waiting for the dips to do it. With these big financial institutions buying bitcoin in large quantities, it is going to be difficult trying to time the market. However, if you DCA weekly, you would not have to worry about bitcoin's price or its dip and highs. My target is to buy weekly paying attention to my DCA.

We are not going to see bitcoin at $50k even though I know people think this is likely to happen, it won't. We are already seeing it recover, It already less than a month till halving. It will break past $70k. What we experienced briefly is the pre-halving dip.

This is a pre halving dip, it's not like we're in the bear run yet, and I believe that it'll not dip to $50k, although we can only predict, because nobody knows for sure what Bitcoin price will be before halving starts. So it depends on the price that individuals set for themselves to buy, but if an investor is looking to sale during the peak of bull run, they can go ahead and buy now because their returns on investment is guaranteed. Bitcoin accumulation despite the price will not be a problem for those that are doing the DCA method, they'll continue to buy until the peak of bull run.

EarnOnVictor

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Quote from: Reatim on March 23, 2024, 10:28:22 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 should have called your ideal price where a retracement can hit to encourage you to buy the coin. In the absence of that, the $50,000 psychological level you randomly called is no longer realistic in my opinion, Bitcoin may fall but may not get to that extent anymore until the next bearish season. Also, I would like you to know that my reference point for the coin is the MagicTrend level of $67,629. I Sell below the level if the daily price action is negative and I Buy above the level if the daily price action is positive. This has helped me in recent days trading as you can see with the behaviour of the coin around the level.

If you you look at the daily chart of Bitcoin, you can see that the said level has been so important as it is the level that has been stopping the rebound of the market price ever since it successfully breached it lower about a week ago. The level was even hit today amidst positive price action but there has not been a sustainable break above it to warrant the call for a successful bullish trend. I am waiting for a daily close above the level before taking the bullish trend seriously again.

Doan9269

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What do you think will happens if the market dips again, we are not to be afraid because bitcoin is not such that should be treated in such regards as we do with alts, the market will always rises whenever it falls, but if we are not going to miss out on this, then we must be able to wait and hold while the waiting is awaiting to be pumped back again, but when we invest on alts, we are likely to be more overwhelmed by uncertainties.

Iranus

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Yesterday bitcoin was still trading below 64k$ and many people were waiting for bitcoin to drop to 59k$ to accumulate more bitcoin, but today bitcoin is trading above 67k$. From there we can say that if you want to accumulate a lot of bitcoins, you should accumulate them as soon as possible, don't hesitate or wait because no one is talented enough to predict the movement of bitcoins. I believe that bitcoin will continue to increase as the halving event gets closer, so you should reconsider your investment plan.

Solosanz

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If the dip is only go down to $50K, there's a possibility.

Even the market already got mature due to centralized entity is already own Bitcoin and many people now are put their eyes in Bitcoin, but we shouldn't avoid with "history repeats itself".

Most people are using charts as the reason they buy and sell Bitcoin, since in the previous two halving events were dump after halving, I won't be surprised to see dump on the next few months.

Bravut

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Quote from: pooya87 on March 24, 2024, 12:29:52 PM

It is hard to predict. Currently there is a fight going on between bulls and bears. Bulls are buying to push the price up and bears are dumping to bring it down. So far $60k proved to be a strong resistance and the price has a tendency to remain higher than $65k actually. So I'd say chances of entering $5Xk range is very low.

At times like this when you are doubtful of what to do and can't make a decision, it is best to wait for a strong signal. Like if a strong momentum shaped and price broke $70k to be sure that the rally has started and there is no chance of further drop. Or see a bigger dip below $60k and make your purchase there.
But that comes with a downside, you will have to not-buy in $60k to $70k range and miss that opportunity.

It's hard to predict the market as you have rightly said, we only react based on the past and present data available. I think the major cause of the dump is the sells by Grayscale at lower prices to ease the redemption request by Investors though $60k is a strong resistance, yet we are still in a bull market, this time is good for more accumulation of bitcoin for everyone. Price after now might not likely be in this range again.

We just need to fasten our seat belts for the ride coming, if we are prepared enough no need for sentiments about price movements.

YUriy1991

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It seems that you are quite adept at navigating the market. I think it's 2018 only and it won't happen again this year even though in crypto everything is possible.

Yes. Such a decline is not yet fully revealed and what you are asking will most likely not happen. I am sure they will maintain it so that BTC does not break the number as you said which is 50k and even if it breaks then the gear feed index will drop back significantly then continued with the birth of negative sentiment issues that will make the market and BTC price suppressed again for durusi which may take quite a while for reversal.

BTC is now in a range towards the price of $67,400 up 5.04% (1h) But whatever happens, don't be a weak hand.

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