Bitcoin Forum

The more we touch a support level, the weaker the support will be. Accumulation time is coming guys. Additionally, which coin will you short? Me: I short coins that I want to accumulate

Accumulation time is much better last month. Why only today do you consider doing some buying when the uptrend is currently in effect. But don't worry, there's no late here like anyone else and no need to buy a whole fraction.

If you really want to hoard some coins, then just buy today without hesitation and do it straight forward. I hope you will really do it and not just posting a simple statement on this thread.

I dont really understand whats you mean, if you expect the weaker support will be, than its expected to be more drop and we shouldnt accumulate on that support anymore.
And secondly u mention about coin will you short, did u mean u want to short the support to gain profit and accumulate in the next new support area?

I think its about the opposite. We were in accumulation time weeks ago before the whole mini bull run started. If anything we should be taking profits and trimming some holdings as we hit or approach new all-time highs on many altcoins. Once we start to see support being lost identifying key levels and slowly starting to accumulate again.

Accumulation time was already done 4 months ago because those time are the cheaper price and now, the market is getting expensive again so buying might be too risky. I always hold for long, shitcoins are meant for short playing but with the top options, i prefer to hold until next bull run.

Of course, this is true since on certain occasions it makes a lot of sense the same in $ DIVI it is another issue where their numbers rise to another level

Thats gonna be hard to tell which one is good to short nut if we based it on technical analysis I think some inactive chain such as tron, eos and some that arent creating traction nowadays are the best one to accumulate. If they ever build something like correlated to nft or solana and avax then they could be a game changer later on. Who knows. Im thinking also xlm and xrp.

I don't understand if you have not been doing that Accumulation since back before 21 July, I believe you most have well missed out on some good opportunities to buy in at a better lower price.
https://i.imgur.com/AeBfMGu.jpg
Investors forget that it is better to buy when the price is going down or down than when it is going up even though I must agree that in Bitcoin investing, anytime can still be a good time to invest.

And talking of shorting, do you really think this market looks good for shorting?
https://i.imgur.com/97mL2uY.jpg

Since you expect people to dump the coins, you better be the first to have dumped it when it hit its ATH. So far Bitcoin breaks that $50K resistance level today and altcoins normally also going to the moon when that takes place.

Because BTC is rising, do you think it's best to trade Altcoin/BTC than Altcoin/USDT?  I have this in mind when I saw BTC goes more than $51700 while altcoins price are not rising.

It has been a long time since the accumulation time came actually. Let's take Ethereum as an example. Nearly two months ago, Ethereum price was around $1.7k. If you invested into it then, you would have got more than two times your money now. But I still support that one should think of investing into a coin every time. Because we never know what will happen when. And I'm supporting this idea considering a long-term investment.

It's true but sometimes it usually turns into a bullish signal  like double bottom or multiple bottom. I don't know why you are shorting while Bitcoin and general market is already on an uptrend signal. Maybe it's profitable to short for short term but you might lose a lot if your timing is bad. Buying and holding a coin is a good strategy on this accumulation phase.

Try to watch out on project that affiliated to Solana like Serum and Ray. They will surely pump hard once the strong uptrend move.

If we talk about accumulation, that time was already late as the price increases. But you can still accumulate many coins, especially bitcoin, by buying now and hold them. But you should not worry or be afraid if you see the price will go down as that will be the correction coming to the market and it will always happen. I suggest you accumulate bitcoin and the other potential altcoin and not try to accumulate the new coins/tokens that we do not know if those coins/tokens will increase.

You seem to be late but however, it's always a good time to accumulate with the cryptos that you believe that has a great future. There might be some people that looks at the price of most cryptos today as expensive but that's how the market matures. And you'll see more from this market  if you don't accumulate on your own. There is no need for anyone to tell if it's already the accumulation time but just be firm and make your own plan of a continuous accumulation.

Accumulation time is over, I think the last best time is around April-May, when almost all of the coins are trading sideways, maybe except for those pump and dump coins.

Coins today like ADA, ETH, BNB have increased dramatically, 50% or more in the last 3 months or so. And why would you short coins that you wanted to accumulate? On the contrary, you have accumulated it already, why not wait for the right time for it to go high again?

We discussed talking about accumulation, that time has passed because the price has increased again, but we can still collect a lot of other coins so in bulk we will release with higher selling values like
BTC is still good, so we don't need to collect new coins that we don't know what will happen in the future

This is the right time to diversify your portfolio. I've already taken advantage of the current dip and accumulated some of my top fave coins like ETH, ADA, LTC and XRP. I also allocated some of my budgets to XSN from which I can see a big upswing coming very soon.

I will not deduct from the assets I own. because as I see, the market is still showing a good trend to hold and trade.
and there is nothing to worry about because I hold the asset for the long term. although some are for day trading and I always keep them in stable coins.

Accumulation time is a very subjective term in my opinion. I personally have a very hard time to buy BTC and ETH maybe in a few weeks for 48k per BTC or 3.5k per ETH just because it dumped a bit in comparison to the weeks before, because a few months or years ago i could have bought  BTC for under 10k and ETH for under 1k $. I am also not so sure if really see a correction so soon, i mean we are still a good chunk away from the ATH of BTC and still a little 200 bucks per ETH away from it's ATH from back in may. Of course a small correction can happen anytime out of nowhere but i don't see a majo price drop of >10% in the near future.

If we have a hard time deciding to buy Bitcoin before as we are afraid it dumps, it was the same thing we have to feel this time. Bitcoin price will certainly it goes high but as usual, correction is a part of its journey and we can't just be too emotional otherwise it all we live in worries and uncertainty. I invest in Bitcoin during the correction and it needs some patience and we need to check the market from time to time for an update, or else, we have to miss this chance.
Maybe OP is trying to tell that huge correction will come in the coming days but I'm not sure. Well, anyway, we have to wait for that as I know that OP isn't sure as well.

This is very normal, some investors are not coming in on a red market, they are too scare on that and they will just buy if the market recovers and now, they are rushing to buy again and join the trend this is also why many are trap on top because they don't know how to timing the market properly.

If you are going to buy right now, you might not have good profit if the market starts to correct again, I don't accumulate that much in an uptrend, I wait for the price to go down again and when people started to fear, that's the best time to buy.

Most of coins are shining at this time following the bitcoin rally like just witness SOL which is showing constant growth and showering profit to the holders like it has grown past $145 this time surging from $80 within a week and reaching 7th largest market cap coin replacing meme coins so it has sparked an interest among users and holders.But bitcoin being the first priority has stood high enough and you need to accumulate it in whatever time you want not too late.

I accumulate $DIVI a crypto with Nodes quite profitable, powered by MOCCI, a one-click masternode. There are 5 levels and they give up to 22.2% APY, they are configured with a click with your DiviWallet, and it offers winning options with Staking, weekly lotteries, Monthly contests with excellent prizes and more.

With bitcoin's good trend to date, making other altcoins have the same expectations as bitcoin's movement. this is inseparable from the role of market psychology in bitcoin providing increased confidence in other altcoins, including SOL, which we can see fantastically increasing, on the other hand we also see cardano who has impressive moves too

Yes, the accumulation period, that is, the purchase of cryptocurrency, was the best after the general fall in prices in this market in May. Then we saw the fall of the cryptocurrency by 70 percent or more. Bitcoin prices dropped to $ 30,000 and ethereum fell below $ 2,000. Now bitcoin has risen in price to 52,738 dollars, and ethereum to 3921 dollars. Those who did not manage to buy at low prices before that time have already lost part of their possible profit. Further, we expect that the second stage of the bull race, which was until May, will begin soon. Of course, it is still possible to accumulate cryptocurrency, because it should continue to grow in value. However, for the best profit, you need to buy cryptocurrency when it temporarily drops to the lowest price point.

I think accumulation phase has passed a lot of coins because of their current prices now, last month presented a good buying period for most coins but nowadays the market has left a lot of people behind and only those who think long term can risk buying some coins at their high prices today. Also most coins have good FA now and that has contributed a lot of their growth such as ADA, and as well buying at such price you will have to be a long term holder just in case the market dumps.
In my own opinion, some blockchain coins like Algorand can be a good one to look into, because it seems some projects are gradually migrating to Algorand as well as building on it, and if all goes well since one cannot predict this space, the same growth witnessed within SOL might repeat itself.

If you want to accumulate, you can try with bitcoin but it is hard to try with ethereum or bnb since the price has already increased so high. But if you accumulate bitcoin, you will have many times to do because bitcoin price will increase in the future so your opportunity to do that is still wide open. You can also accumulate altcoin but you need to search for the coins because many altcoins can increase in the next rally.

Maybe you can focus your analysis on low-price coins to buy as I see that many low-price coins are still available. Many top altcoins lists already hit the high price so you can feel difficult to buy at a low price. But you can wait for a while because the market looks like get another correction.

I think accumulation already ongoing for some time now, some already accumulating since last time the market drop a lot,
I also top up my btc bag when price drop to 32k and I know many people did same thing too with other good project, some good alts like sol, avax, icp, ada I also bought few, although I dispose my sol quickly thinking it will correct but unfortunately it keeps growing, am holding the rest let's see how market react.