Bitcoin Forum

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

Unfortunately not everyone knows when to get in when the price is so high, and I understand them. I do not get involved all-in, that is not my style and I would advice everyone against it as well, but there are tons of people who do that, and when you want to get involved this much all at once, you have to get in at a right price.

When the price went down, it was obviously a chance to get in, and everyone who had a bit of money should have bought some, but at the same time there were tons of people who waited for a crash, not just $28k but even further down as well, so they probably waited for it to go down even more before they got involved. The good thing about it is that since price went low but then skyrocketed back, that means price obviously recovered by a lot of people who bought, which means there were tons of people who bought when it went down.

It's certainly an opportunity to stock up on positions if you haven't already.

But I would only advise to do so if:

a) You are comfortable holding coins long term. This is the most important and probably the most deceiving - you must be absolutely brutally honest with yourself whether you are in BTC for the long term fundamentals or just for the short term gains.

b) You are not buying on credit. Taking loans out etc. just to buy into the FOMO is probably one of the worst decisions that you can make financially.

Also, make sure you dollar cost average - it is entirely plausible that BTC prices drop further in this correction. It had been a crazy pump.

Yeah, heard that a lot.
Up until now its still full regrets they didnt buy anything before or even just a week ago.
Well, they love to wait. So I guess we also just have to wait for their courage to be complete before we expect them to move.
You cannot please everyone or force them.
Its their choice and will also be their emotional problem if regrets took over.

I'm sure most people didn't. Usually when people are waiting for a dip, they end up chickening out and becoming too fearful to buy once they see how fast price is crashing. It's down 10%, then 15%, then 20% in less than a day.....it's very easy to think it'll drop further. Lots of bids got pulled yesterday, I'm sure!

And it might drop further yet. If we got an instant retrace to $34K, we could say with confidence the dip is over. Instead, price tagged the 0.618 retrace and is now printing lower highs. Another leg down and/or a mid-term correction that stretches for weeks is still possible.

I wouldn't call it over quite yet. The time to rub it in will be when the market is back pushing new highs. :P

The people you are addressing probably won't read the post. They are also more likely to buy expensive and sell when it goes down because they get scared, as extasie says, which is the opposite of what you should do. The excuse for not buying this dip is the same as for not buying at $4-5k in March: for them it looks like the world is going to end.

Apparently, it seems like when people say something like "I'll wait for a dip", they're waiting for something like $3000 lmao. And when 'if' it actually comes(I think it's highly unlikely in this case), they'll be like "I'll wait for it to drop more".

Quick lesson: Just dollar-cost average, ladies and gentlemen. https://dcabtc.com/

If we got 3000 or 5000 even the sentiment at this time would be abysmal which is why people end up saying its bullish when none of the recent threads reflect buying in but similarly when every single thread is hyper bullish its a red flag to watch out for because it shows likely too many of the buyers are already in the price.
   It is hard to know when the dip is purely short term, volume is something of a clue but we have alot of different exchanges so some use Bitfinex as reference

I must have blinked when the price did that. It's down a little at $31,500 currently. If you're that keen an investor you're waiting for a pothole before you buy, then you probably already know what you are doing.

The old adage buy low, sell high is true for Bitcoin. We are at all time highs, so those getting out now have made their money. Those buying now are going to have to hold their nerves for months ( years? ) Until the price recovers when it next bottoms out.

We can enter the market when the price is down, and we already saw it happened many times. The best price that we can buy is the price that you can accept to buy. You can buy bitcoin anytime you want and you do not have to wait for the price to go down, but it is better to buy bitcoin at a low price. I already buy bitcoin at $30k and still hold it for more because I believe that the bitcoin price will increase to the high price.

Yeah, we have seen many 'investors' complain that the price is too high, but when we had a correction, still the price for them is too steep, lol. I guess everyone is waiting for the price to go to 4 digits again, but I don't think it will happen now as the market is in a super fast rally. We might get to $35k even this week if everything went perfectly again.

For those who follow the thoughts of some forum users a little better, it is easy to conclude that they are waiting for a price below $20 000 because this bubble must burst - and they are all affected by what happened at the transition from 2017 to 2018, or what happened in March last year.

Let’s be realistic, the price above $30 000 is extremely high and unexpected, so small investors are left out and waiting for some new correction to re-enter. With Bitcoin one should always count on a surprise, but I ask you does anyone see a 50% correction as something realistic at this point?

That's so true. Many of those who are waiting for the dip were probably left out from this quick discount giveaway. That sudden price fall probably gave them a little worry instead of excitement. It actually takes more courage to buy during a hard fall than during a rally. That's so wrong but true.


That old adage is easier said than done. It takes turning off all emotions. That's why trading, a profitable one at least, is such a hard and stressful thing to do. Lol.

BTC at $30K is not entirely unexpected because some people have been calling for it. Most of us just didn't listen. The 50% drop will only happen once institutional investors, who are also the major reason for the pump, starts leaving the market. As it is now, I don't see that happening anytime soon with the inflation caused by the pandemic.

historically all those who have been waiting for a "dip" have no clue about the future of bitcoin since they mostly don't even know what bitcoin is. they just think of it as something you buy that may go up and make you rich!
consequently these people are easy on believing any FUD they read which is why during dips they always remember all those FUDs about bitcoin is dead and panic thinking that is the last time so they don't buy.
in fact this type of people is one of the biggest reasons why we keep seeing FOMO buys in bitcoin.

Most likely they did not bought at those prices, people that say things like that are always waiting for the perfect opportunity to enter the market not realizing there is no perfect opportunity, you will always have to take a risk if you want to become profitable and if that means buying bitcoin when the price went down so significantly then so be it.

However they are greedy and they want a bigger drop however once that big drop happens then they are worried the price could keep going down and they do not buy, as you can it is a never ending story with those people, they are always waiting for some nebulous entry point that never materializes.

Didn't this kind of happened already? I mean I am not the wisest person to talk about the markets, you can surely find someone better, but doesn't the price reflect that? You are talking about "did you buy when it was 27-28k levels?" and when I look at the jump, it looks like it did went under 28k for a very very quick period of time, it didn't stayed there a lot and price jumped right back up to over 30k very quickly and already 31k.

Now by logic, for bitcoin price to go up, what do we need? We need people to be buying more bitcoin than selling it, well if the price went up, what does that tell us? It means people bought more than they sold. This also means when the price went to 27-28k levels, it is obvious that people actually bought at low level and considering how it went down from 34k, it means they sold at high levels as well. So, it looks like everyone did what they have to do correctly.

The $34.8K high is ~75% above the previous ATH from 2017.

For comparison, after breaking the 2013 ATH, BTC rallied another ~1600% before topping out near $20K.

Do you really think the upside is limited to that 75% extension? I don't.

If the price feels high, I suggest replacing that adage with a new one: buy high, sell higher. ;)

It's the volatility of the market that makes the people continue to ask when is the best time to buy, there are a lot of good option to buy, when there is a dip when there is correction and the best time is when Bitcoin is crashing, but it's always recommended that you invest what you can afford to lose in any condition that you choose to buy Bitcoin.

Just check the profile of those accounts that asking these questions and you'll find the answers ..Most of those are just Dummy account of spammers and created the thread for their accounts to spam.
I have Bought small amount at 29,000 as i thought that was the bottom and no regrets even if it falls until 28,000.
Lucky that i did, because i am almost 20% profit now at this very moment.

It is a cycle and reasoning that never ends. Those watchers will say that it is expensive to enter @ $33k and they are expected to say the same thing when bitcoin enters $40k onwards. While the institutions are doing their thing to accumulate in the best that they can, leaving few btc in the circulation.

I didn't did my part but still held strongly when I've seen it down on $28k-$29k. Honestly I was about to secure profits but did just hold because I knew it will recover and I guess I did the right decision.

I don't have cash at that time and I don't have any intentions to buy Bitcoin at that time although I saw Bitcoin went down to that price a few days ago.

There are some investors probably who bought at that price or at least close to that price but there are some who waited for Bitcoin to dip lower and its quite unfortunate for those who waited for a more downward movement more as Bitcoin is at $35,000 as of this moment :D. Congrats to those risk takers who bought at near $28,000 because you got yourselves some profit for now :).

IMO, people who said I am waiting for the dip to buy may never utilized the opportunity at 28K because they expected the prices to reach $20K or even lower than that like what happened in 2018 beginning but this time the dip no longer exists and the prices raised upto 35K again so they must be regretting and keep saying that "they are waiting for the dip to buy", forever. :D

It's easy to say that now but now, many people have funds but were too scared to risk it because of the amount they are risking. The best way to have a different kind of mindset is to deposit a portion of the money that you have earned so that you won't be shaking because of the fear of losing money. That's what I felt when I'm risking more money than I can't afford to lose. Same as gambling as well.

I believe that everyone who has posted here has their own stacks of BTC and not willing to cash out yet.

People has many different definitions of the word "dip". Some might want to see a price below $10,000 (which is currently far from happening by now considering how high Bitcoin have reached today), some might consider below $20,000, but these types of people are like the doubters and probably end up not buying a single fragment. Then, here's the people who has regrets from the past, buying the high price and riding the train
. I don't know, but people won't ran out of reasons.

Easier said than done to ignore the psychology of numbers and just dollar cost average. I do my best, and am happy to say it's worked out well. I used to try and time my buys (and sells, you know, to pay the bills) but I've gotten better over the past 2 years of just trying to keep it at fixed intervals and that's just worked out so well. Of course, I did switch habits a little around November... timing sells, and it has worked out too for a little more dollars than I would have had I stuck to schedule.

Keeping records and calculations are handy when cost averaging. Helps you convince yourself to stick to it.

People are also calling for other numbers, so although in my opinion it is not disputable that the numbers will be reached in the future, few expected that the new ATH will be reached before the end of last year. Most still hoped (including me) that the price of BTC would rise to a maximum of $15 000 which would be about a 100% increase over halving, but who could count on MicroStrategy or the incredible amounts of BTC that Grayscale started buying?

In other words, nothing is the same as before and I do not dare to speculate at all what will happen by the middle or end of this year. The fact is that the price depends on the big players, but we are completely unaware of what their plans are - we can only hope that BTC will not be treated as something temporary to make a quick profit.

I also do some timely sell just for the bills and other important stuff that I'm obliged to do. Congratulations on your strategy that you've been doing and your efforts done for the past years are worth it and you deserve the gains that you're getting today.

They even expected to wait for the price below $10k and then $1k-$3k at first. Now, they don't know what to do and they're pushed to buy at the peaks.

This I can relate to. It's better to just wait for BTC to fly as more big players are coming in. Even some of the day/swing traders I've followed in the past have switched to altcoins which is indicative that they find it riskier to short BTC at the moment.

I also know of someone who closed his position at $28-29K and boasted that he'll just come back in the fourth quarter of this year. I wonder how that will work out for him ??? (not really related to the topic, just sharing).

We all do! And what I meant by timing, is trying to sell at peak and invoice (as a freelancer earning in crypto) when prices are at a dip. Hasn't always worked out, and probably wise not to do during a rally (or a bear market). And what I meant by keeping good records is, you can always look back over a year when doing books and see for yourself you basically make more or less the same without timing. Less headaches to just sell/invoice/buy at fixed periods and effectively cost average it all out.

For sure this situation had made out neither those who wait for the dip and for those who do eventually shake off their hands when they do saw that the price had go down so fast.

I can really tell that lots of people had presume out that this might be the another 2017 event that did happen in the past where the price had crashed down to the floor.

Lucky for those who entered in 28k and able to make profits in a short span of time when the price had clinged up to 35k which its really a good positioning in a short span of time.

I have to say those big companies getting in is not the only reason why bitcoin went high, I think they are definitely playing a big role, but that is not the only reason, they have done that before, many big companies got in, but it didn't increased this much.

Studies shows that each 100 million dollars in a regular break even market (meaning same amount of bitcoin sold and bought at the same price, not going up, not going down) would make it go up 1%, which means even with 1 billion dollars you can only increase the price 10%, or even if you get in with 10 billion dollars that would be double, so they were not the main reason.

We have increased more than anyone have guessed and that was thanks to all of us, we are really doing awesome because everyone believed in bitcoin and as long as we keep on believing the price will go up, we are going to have the same result.

I'm waiting to sell and not waiting to buy, my reason is because I've been buying gradually when the price was still below 20k or before it hit the ATH line, so now I just have to wait to sell. That doesn't mean I stop buying, because there are many other coins worth owning too, so buying them before touching ATH before is just like I did in bitcoin, I think it's the best way for me personally. however, if I still have a lot of money to spend, then it is very possible that I bought yesterday during a correction because it was a moment to look forward to.

Hehe. I forgot that I've also held for long and enjoying today's move.

Yes, I also do this every time when there's a dip at this peak and realizing that all of this time, we're in good price whether it corrects a bit. It is making me relieve whenever I look back at the past, a year to three ago.

Just in, bitcoin = $37k, and the entire crypto market cap is $1T.

Yup! I saw that. Feels weird still to be actually online and watching new ATHs hit. It was strange enough in 2017 throughout but at these prices, it feels even more surreal. I've always wanted it to be a little slower but I if it's going to keep going this way, I'd rather the momentum carry on for much, much longer. The longer cycle most people think it's headed for!

I don't give importance on those posts and besides i mostly Ignored since i'm sure it was created for a sole Purpose and that is for Spamming purposes .
I have Bought another small amount , actually my Winning from gambling that supposed to be for Playing was denied and Put into Bitcoin investment.
Surely Only few of those who posted of waiting for the DIp who Buys recently because majority are still afraid in engaging because the High value of BTC is really scary to gamble these days.

For sure the reason of majority is they are afraid to buy at the current rate since actually the FOMO feeling is now happening in the market and we already break to many ATH at this current rate that's why I can't blame others to think about the upcoming bear that's why many ask about that "what is the best price to buy or when to enter".

But we should remember that upon trading is doing this without a chart is like walking in a complete darkness without a light so it really a must to have that to have an indicator on when to enter.

Yeah i am one of those who are asking for this chance but the sad part is that I have no funds available now , all my Money are inside crypto and i have no plans to release them now .

yeah that is an opportunity but i would rather stay Holding now than selling to Buy dip.

I'm not in a Hurry so taking time will keep me safe as well.

So for someone who bought at a price of say $5000, a profit of almost x6 in less than a year is something that is not rejected so easily - especially considering that most are counting on a new big correction to re-enter. The big question is just how high the price can go before the correction comes and how much it will be. 50% of $100 000 would mean that many small investors will not get back into the game so easily, but that is their problem now.

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Show me an example of some big company that publicly invested in BTC before halving this year or back 2-3 years and that was the news in some media? Even if you find something, it can't even come close to measuring the magnitude of what's currently happening - and that is that hundreds of thousands of BTC are disappearing from the market every month. Of course there is another good reason, it's called halving and like the previous two times it probably hasn't shown its real effects yet.

If we want to explain the whole thing in the simplest way, we can invoke the law of supply and demand, and that is exactly what is happening with Bitcoin.

Not all of us have to buy and do something about bitcoin to help it grow, as long as you do not sell thousands of bitcoins per day, you would be a fine one and wouldn't really end up doing something majorly bad for bitcoin. I personally didn't end up buying too much, I knew it would go up, I talked with friends about how it will go up, we all knew it would, but we couldn't take advantage of it, mainly because 2020 sucked big time and it was a horrible year and we had debts to pay and income problems and so forth, which meant that we didn't have money to put into bitcoin.

So we knew a way to profit, and yet we failed to take that profit because of lack of capital. Next stop for me is to create a capital, preferably on crypto, I want to have as much crypto as possible to take advantage of the alt season that would probably see coins go up 2x in price.

Those words could be heard off endless times with this speculative market so its not something rare and we've been reading and hearing it every now and then.

Some will took up the risk on entering a position after a correction.Some will be shook off their hands to the believe that the market will crash.It do depends on how someone do actually handle such risk.
For people who had thought and believe positively and mixed up with some good technical which are their main basis on where they should enter then that did really pay off.

For those who wait up and for those who sell out on the right time and buy again when its cheap.Rinse and repeat until you reap off profits but dont forget that
market isnt always in your side.

People would just whine that they hadnt able to get in when the price is still low and now the price is on the rooftop then those regrets will keep flying around.
You would keep on reading up those words on this speculative market.

Maintain capital and carry profits is more sensible approach, right now the market is trending up but its easy to be caught out at times which is why I'd take the more cautious approach.   There is a main breakout from a negative trend where we beat the line falling from 19k through last years summer top and this autumn made those ideas part of history but eventually that breakout also becomes part of the landscape and it wont be so easy again.  

If you are into short term trading, you'll buy when you see a dip, but for those who are trying to get a bigger discounts, maybe wait until the bear market will arrive, it's not always that bitcoin will rise, what we are seeing now could be bitcoin's peak already, so it's not a good timing to buy IMO.

Many people say that it will take a long time for us to experience the bear market again, so it is too late for some of us to buy bitcoin today because bitcoin's price is very high that it creates a new ATH again. The best thing we need to do this big pump of bitcoin is to wait for its price to decrease below $20K and avoid buying more bitcoin when its price is getting higher.

Without a doubt, it is not advisable to buy with new highs, but as the market goes, as soon as there is a correction it is the perfect opportunity to buy, the price increase is sustained and remains with a very good volume, that means that the support It is for new investors which, they will not drop the price, I think that every moment is an opportunity to win with the market.

It is indeed risky when you try to buy crypto as high as it is right now. You can really do that if you are good at trading and you can do day trading which you can monitor the price often, but if you consider long term holding, it is not actually a good idea since the price as of now is high, there's a big possibility that the price will go down since the crypto itself is unpredictable because it is volatile in terms of its price.  Maybe you should wait for the time that the price will go down, and then go buy when that happens.

This is why those people never make profits, at some point you need to pull the trigger, yes the price was high but if you took the time to look at the strength of the movement then you could have seen that the movement was not going to slow down and if anything it accelerated speed after it reached the 30k level.

As such we need to be completely sure of what we are doing and if we are not maybe it is time to stop trying to be a trader and buy the dip and just buy and hold our coins for as long as we can.

This thread is about pullbacks and we have one now on a Sunday moving into a Monday working hours situation so a repeat of similar price action in the past, seems relevant to post here.   Its always reasonable to consider the pullback as a nicer price (to buy) for a similar bullish situation on a weekly perspective.

https://talkimg.com/images/2023/06/12/A1ZC2.png

So the support lines here actually date back 12 months and its a trend, this is the bullish trend early in last year that failed about Feb 15-19th and led into the covid low.   Extrapolated to now it gives us this pricing as being very full is how I read it.   Strangely the lows now and on Friday respect this trend and we close above it on 1hr bars, showing some positive action.     
  The blue line is 2 day average which was marking very bullish action and keeping us as lows and orange is the weekly average and fairest measure of a positive or negative trending market.   We remain positive then on a couple measures though it must be quite unclear to many at these heights.

@STT Yes, this thread is about pullbacks and whether people are taking advantage of it or not, whether they really are bullish or positive of Bitcoin or not.

It is easy to heap praises for Bitcoin but when it comes to putting money where the mouth is that's the hardest part. It is easy to say I have missed a lot of opportunities and I won't allow it to happen again. But when the time comes they still wouldn't buy because emotions, particularly fear, consume them.

They always have excuses. I wonder what they are right now that Bitcoin is already $34,562.

The hardest part I think is entering to buy at right price, unfortunately the majority of the people will fear to buy at high price because most of them are short term holders, if someone has already planted BTC for long-term then why do they care about the price?

No one will risk to buy at higher price except long-term holders and big institutions because unpredictable is it's nature, those who bought at 25+ and made profit are very lucky and this won't work Everytime.