Bitcoin Forum

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

If you really know what "Bitcoin Whales " means you will never consider yourself as one having 4.5 bitcoin now.

and why need to wait for 59,000 when you can purchase week ago when the price is still at 60k?

anyway congrats to your investment , having 4.5 bitcoin is really an amazing holding.

Congrats you are one of the many that still can afford it. This dip I guess is the one chance, we are to find out if it goes down to $53K actually, it's a bit early for you if that happens. We couldn't say it will bounce right away, I'm sure there are still many who are going to keep analyzing how deep it will go before rising again. But who knows maybe you wouldn't have to wait long before you see it breaking that $67K.

Congrats it can give you good profit in short time also. If you are looking for a long time investment then it can give you huge profit.

I hope btc will starting moving soon. Stay clam and buy more if you can

I don't know, maybe someone will tell me that I'm too skeptical as in the other thread, but you say you have been a long period of time to buy at that price? Lol

2-3 weeks ago you could have bought at that price too. And if we think that we are at almost ATH and most of the year the price has been cheaper than $59K, I don't know if while it was cheaper you were waiting for the price to go up to buy more expensive.

Although the topic is very strange but you have to admit that it is not impossible. Sometimes you come to some money and have to buy after that. Like receiving your paycheck at the end of the month, or in case of bigger amounts (like OP's 4.5BTC) maybe it was inheritance or something sold like a house!

Yeah, sure, as in the previous thread, I'm not saying it's impossible, but I also don't believe at first glance everything I read on the forums and the way the OP expresses himself, he seems to say he's been a long time waiting for the price to be at $59K and not so much that he's been a long time waiting to get the money to buy (by selling a house, by inheritance or whatever).

Btw OP, it's "dip", not "deep".

I like to call it a "Movement", the Buy the Dip Movement. So many of us here on
the forum take the opportunities to buy the dips but I'm not sure all of us would
wait to buy at this time at $59k.

The ATH last week was $69k and we had a pull back to the mid 60's, that would
be an opportune time to BTD, I'm not sure there were many who held out for
below $60k but well done.

Congratulations indeed, you made a good move, you have been careful and patient to wait for the right moment, even if I must say that for bitcoins it is always the right time! In any case it is a long-term investment, as the French say chapeaux (I take off my hat)

There is a difference between the deep and actual Deep, always a price retracement may give a false indication that the collapse has ended and therefore rush to buy because the price will start to change, but soon the price will return to collapse again.
yesterday, one of my friends bought at a 62k, thinking that the deep has been ended, but soon the price went back to less than 58k.
Therefore, the strategy will only be successful in the long term.

Always good to buy the dip, bought a few as well, not even close to what you bought though, and am also waiting to see if it will dip more to take another entry, (a good friend told me never buy at once, always take 3 entry) I heard there is a possibility of btc dipping to 55k before the next run, am not sure how accurate that is but I will take my chances. Congrats.

I'm glad that many of us here have been benefiting the present deep price because its really a big opportunity making a good entry at this moment. Congrats to all who did made it. Maybe we can see more deep prices for bitcoin as the market is not stable yet, so let's just wait until bitcoin falls below $50k and definitely grab the chance.

However, there's always a chance too not just for bitcoin alone but eventually for most of the major altcoins too as they can give us huge profits in times they will reach their new ATH. Diversify your portfolio as much as you can and expect multiple profits once the market becomes bullish again.

Congratulations to you. Finally, you can have 4.5 bitcoin after buying with the current price. Hopefully, you can be wise with your bitcoin and not panic if the price is down again. Besides that, I hope you can have your target price to sell your bitcoin and not sell at once and leave some amount for the future.

If having 4.5 bitcoin is your target to become a whale, you have already achieved it but I hope you have another target you want to achieve so you will try to reach it later. Not many people can buy 4.5 bitcoin at once because that will need a lot of money to spend.

I'll believe new accounts buy 4.5 Bitcoins the day I see myself buying 0.45 Bitcoins on every "deep" lol.

But yes, now we enter a dip period and the question on everyone's mind is if this is temporary and we will get a bounce right back up or if this is the start of the multiyear crypto winter that we all knew was coming after a long time rally.

Panic setting in much?

Nope, you're not.
Somebody who has just registered on the forum, is signing up for bounties, talks about 0.0012 BTC stuck at luckybit and had to play more to reach the minimum withdrawal, and then tells us how he bought 4.5 BTC at 59k.

Merit milking topic.

It was a great opportunity to those customers waiting for the price of bitcoin to drop from $60 before they can buy to hold for future. Now that the price of bitcoin just decreased to $59k ,it will help many buyers to buy more to enable them achieve good profit before the end of the year.
Since bitcoin price is decreasing and ethereum price is decreasing in the market which is attracting their customers to buy because the price will soon increase to $60. Those customers waiting for the price of bitcoin to rise to $68k before they can see their coins to make a suitable profit.

Long period? I guess it's just a couple of months, you should have bought bitcoin at its lowest price this year which happened last July which bitcoin dipped at $23k. The recent drop could be an opportunity for us to buy at a cheap price because if it bounce back fast, that means instant profit.

Whale alert!!!!

Congrats, I wish I could at least buy 1 btc.  :)

1.59K USD is not "the dip".It can be simple price volatility or a "bear trap".
You should have bough BTC one or two months ago,when the price was below 50K USD.Why were you waiting for so long?I guess that you got excited by the October bull run,but you wanted the bull run to end with a price correction,in order to buy some BTC.
2.Buying 4.5 BTC doesn't mean that you are joining the Bitcoin whales.I think that only the people,who own more than 1000 BTC can be classified as Bitcoin whales.4.5 BTC makes you a medium-sized investor/HODLer.
Anyway,congratulations for your decision.

Good entry point, I don't think we will see the price going down below $59k now.

So it was really a good opportunity for you and for others as well. Some of us might not have the money to buy that kind of bitcoin, but we can buy at our own phase and that's what important.

And yeah, feeling good to be some whales and having that kind of amount in your wallet.

It has already went down below $59k as the lowest price today went $58k in exchanges.
We don't know if it will recover right away or we might see another major fall, but one thing is certain if we are in a bull market and we see this huge dump, consider it always an opportunity as the price will always recover.

Bitcoin is starting to recover now at its present price at $60,507 so good job for all those who have bought bitcoin when it was below $60k. Once positive updates will eventually come in the market, then we can expect for bitcoin to continue increasing its price. Actually, $59k is not really its dip price, we can still witness lower than that but maybe not this time. However, the price correction might end so soon and bitcoin and those good altcoins will now have more chances to grow their prices even more. That's the good thing about price corrections, they create opportunities for new entries and they can push the price of cryptos into their new ATH.

I wonder why you didn’t take the opportunity a few months ago when the price was even below $30k - 9 BTC would look a lot better from today’s perspective, right? Besides, we wouldn't mind if you put some evidence in support of your story, people don't really believe when someone just pulls out a few hundred thousand $, and he was a bounty hunter yesterday ;)

---

But the OP says it doesn't care too much about merit, but about knowledge - you must be wrong ;)

I will congratulate you for having good faith with bitcoin and investing such too. But you are nowhere compared to a whale. You just have little extra money to invest lol and not a whale. You know already people who are whales in bitcoin.

I guess you want to answer a whale but not with such investment in bitcoin maybe if you did that with some altcoins, then you can safely be called as well. I congratulate you though for that and you are probably seeing positive change in your wallet because the price has left your buy point slightly above on $60k.

It did go down already and looking to recover back to $60k as it's back there now. But, there's still some possibilities that it may go a lil' lower.

Congratulations for buying that. That's a huge investment of your life and you just have to wait for another recovery or ATH for you to make the best out of it. What's your long term plan on it?

Bitcoin is now at $60k, was below $60 yesterday and dumped up to $58k, but today there seems to be good news from India,
which states they are legalizing crypto in their country, yes, this is a breath of fresh air for cryptocurrencies that had been in the market for a while.
splashed by bad news, hopefully good news will come again, and make the Bitcoin price rise above $70k, honestly I have bought at this Deep price

Buy into weakness with longer term targets is a good strat not entirely unexpected we can rise from here.   Its the 50 day (https://talkimg.com/images/2023/06/12/AvWHg.png) average which has unpinned the lows for alot of the pricing this year so its a good chance we can turn this around.   Thats the short term kind of trade, its harder to say how we transform over the rest of this year.  I already said a few times I dont see a new high this year, I'm not that bullish and if that realization were to sink into the market including the hype chasers then it can bring us down some.   My expectation was more like 50k for a bottom price and it would remain fine longer term.
   We had decent volume on the recent bounce, its back to about even is some estimate.  65k for a near term target upside but I do expect further resolution must occur.

Good for you but i hope that you wouldnt panic sell if the price do goes down even more deeper which is really likely to happen on this market which you
should really be aware off but basing off with some analysis or simply technical without having no sentiments or news around then it could possibly
able to move on the same way but its not an assurance.

4+ btc isnt something a small amount to consider and it seems you are really serious with this investment.We do always go after on buying the dip
but since this market is unpredictable then this is a task which could really be hard to determine on.

Your investment is definitely huge so you should be able to know how to deal its risks once bearish market strikes the market or any other price correction that will make the market dump again. As long as you never end up panic selling, then you'll never lose with your investment. I am amaze with your faith in bitcoin, i know it will definitely pays off when btc reaches its new ATH and probably we will be seeing most of the altcoins too very bullish in the market. So just hold and never be carried by your emotions once the market suddenly turn sideways.

It is not easy to realize when the dip happens for many people. I know a lot of people who have been involved in the crypto world for a long time and yet they still have some problems realizing when it is the dip or if it could go down even further. I just talked with a friend of mine either yesterday or day before and he is a guy who got into crypto with ten grand or something like that, maybe two, and now he is a millionaire so he doesn't really need to work at all.

However, even with that much great trading ability that dude ended up becoming doubtful about the recent recovery and he believed that we may drop as low as 50k and didn't want to buy. So, it is really not that easy to predict when it will stop.

Yes when you say 4.5 BTC it doesn’t sound like much until you take out a calculator and it turns out over $250,000 which is a house in some area. Yes obviously not a whale holding 1000BTC but it’s still lots of money.

My advice get a hardware wallet and don’t tell anyone about your crypto, even on bitcointalk. You can become a target. Also if you leave on exchanges then don’t use SMS 2fa. It’s very easy to get yourself sim swapped attacked and someone can get into your exchange account and withdraw everything.

He's actually waiting for that specific price before he buy lol.
What on earth is a whale doing wasting his time to participate on bounty campaigns?
I don't know what the OP wants to point out, he hasn't able to buy at a lower price when he's talking about "long period" time of waiting. Well, that's something really "deep" lol.
Anyway, I congratulate the OP if what he said is true. Acquiring 1 Btc is hard and he managed to buy 4.5.

Are you familiar with this thread What can 1 Bitcoin buy in your country? (https://bitcointalk.org/index.php?topic=5366161.0) For 4.5 BTC you can not only buy a house in some countries, but you will have enough money left to buy a good car, start a business and put something aside. I live in the EU, and the average worker who has a salary of less than 1000 EUR would have to work for 20+ years to save that amount, even though the minimum wage is half that, so that deadline would be even twice as long.

And probably this is the 2nd best time to buy bitcoin because it falls to $58k?

Just like you and me, doing bounty for years and saving enough altcoins to convert to bitcoin.

I think that's what most of us did here, bounty is just a stepping stone, and if you know how to save all your hardwork through the years then you will be rewarded in the end. And that's what maybe the OP did here in this community. In any case, another perfect opportunity to buy at the current dip.

For exactly people like you, to provide opportunity for buying more with confident, bitcoin market is always getting discounted prices.

People are always wondering why 50% of total bitcoin supply was mined within first halving. In my opinion this was how bitcoin economics has created whales and those whales are manipulating market up and down for their own benefits but that will give room for new people to buy bitcoins at discounted prices.

Just imagine what will happen if there are no people to manipulate the bitcoin market and bitcoin is suddenly getting into million dollar price levels and only very people are holding 1 full bitcoin. Really annoying. So, everything happens in this bitcoin ecosystem for a reason and we should respect that and should look for making use of that for our own benefits and I am glad that you are already doing that.

Price down today to almost $55k so he did buy too early and currently he lost approximately $15k if he bought at $59k. I hope OP remain calm and not shaking right now but I suggest to just hold and try to DCA. BTC price is way too volatile in this bull market if you are weak hand and dont know how to control your emotions you may lose huge amount of money, whales are too good shaking weak hands be very careful with your actions. Eventually after this dip strong hands always win, Goodluck OP.       

Yeah, buying right now will get them a better buying average prices as bitcoin market started trading below $57k levels. If they have funds still available then in my opinion also buying right now is recommended because I guess market may not fall further from the current levels and we may get back to recovery which may last until we have a new ATH.

This is the reason I never suggest anyone to get into bitcoin for short term benefits. We must buy at dips but only with long term plans. In long term, we may easily get $100k to $180k levels in next 3 to 5 months. It is highly expected we may have bullish trend till second quarter of next year.

It is very difficult to predict how much Bitcoin will fall, therefore I suggest buying Bitcoin at the current price of around 20% -30% of the capital
we have. So when the Bitcoin price goes down we still have the capital to buy Bitcoin again at a cheaper price. That way we can make a big profit
if the Bitcoin price recovers and rises again above $60k. My prediction is that Bitcoin probably won't drop below $50k, so as you predict Bitcoin
won't drop too far from its current price. I am optimistic that next week some big investors will start to enter the market again, after successfully
taking profit. So don't really worry if we buy Bitcoin too expensive, because Bitcoin will always create new ATH. As long as we can be patient,
we should be able to make a profit from Bitcoin.

You make good use of the opportunity. When the price of Bitcoin is down, this is an opportunity to buy now. After buying, then saved. This price decline is still considered a natural thing and will not last long. Early next year the price of bitcoin will rise again or break through the ATH level as in a few weeks ago.

As long as you are happy with your investment then that is what is important :).

4.5 Bitcoins is a huge investment but to think that it has being invested into Bitcoin, you can get a huge profit long term. I'm thinking though that you bought Bitcoins at a high price (at least for me) and you might want to buy at a lower price. I just hope that you still have enough money to use if you want to buy more Bitcoins at a lower price. Ohh I forgot you consider yourself as a "Bitcoin Whale" so you will still have money to use :D. Anyway, congratulations to your investment :).

Its been capped by the 2 day (https://talkimg.com/images/2023/06/12/AvDbH.png) average recently.   If we stay above 57k area every day till next week then it can turn around and break this ceiling and the weekly average for a proper recovery of its recent losses.   For the moment caution is advisable as its make a false break out of the ATH then reversed which is bearish enough but then being under 59k confirms we have further work to revise prices.   
   I'm not bullish this year but eventually when its ironed out the bumps we can progress, I assume current action is required work to do.

Strong rallies can also be prolonged by special factors, so I wouldn't be too surprised when our bitcoin gets extended drops, absolutely no basis for determining the duration of a cycle and trend, as a result of this ambiguous algorithm, the events of the beginning of the year are also not a pre-drawn picture. Many people are applying the form of deep buying at hard support areas, but immediately these areas have shown fragility and lack of solidarity, quite a few members have withdrawn capital and sold early, don't be confident that this is an opportunity when there is so much hidden danger

If you wait a bit longer you'll get to buy bitcoins at 1/6th this price, or better!

Its crazy how the settlement changes day by day. 2 days ago everybody was bullish and buying at dip >$60K. Then when we broke down, everybody was calling for $30-40K. Now it looks like we bottomed and everybody is calling for $98K before the end of November.

This market runs on crazy crazy emotions its seems. So if you are getting nervous, so is the rest of the market and it'll go up exponentially and the low won't be where you expect it to me. People assumed that the dip made yesterday would hold, however we had a bad candle close, many were expecting a wick but we got a strong bear candle, so it went slightly lower and then started to rally again.

Trapping bulls and bears along the way...

Buying in deep is a good decision. If anyone wants to make huge profit by investing long time then Bitcoin is the best choice. Bitcoin is now one of the best coin. Bitcoin popularity increasing day by day among all the people. For this reason Bitcoin price is not dump a lot. It just dump some and increase again. Hope in 2022 Bitcoin price will hit $100k. So i think this is high time to buy some Bitcoin.

It could go down a whole lot more from here and it would be fine, do not get worried just because the price is falling. I get that people could be getting worried about these type of things but in reality we are not really doing that bad.

Remember we were 30k just a few months ago and spent like 3 or even maybe 4 months there and now we are talking about dropping under 60k for the first time in a while. Just focus on the drop being a correction and how there will be recovery and you will feel better. Buy the dip as much as you can, and just stay still. If you get panic and sell your coins just because it is falling then you are going to end up being quite upset when it recovers.

And that what makes out head aches that much yet we do already finalized out our positions but still ending up on changing it on the end of the day or couple  or a week because movements do changes up everytime without any solid indications and factors known on why its been moving that way thats why im trying to be versatile as much as i can be but still wont really assure out good
outcomes anytime on my analysis.

Good thing is that you do able to handle it out despite of lesser accuracy.What matter most is that you do able to make out some gains despite of those drastic changes on which we
didnt really expect for it to happen.

We do always presume that it might be the lowest possible price basing on technicals but it could be easily be break out without any solid reason.
So its always been a guessing game.

You could say that it is so, but you should still know that every month we have a similar situation just at the time when the deadline in which futures expire is approaching. Investors who bet on the price of BTC, and have enough BTC and fiat to manipulate the market, in a way set a price that suits them at a given moment. Needless to say, most small investors have weak hands and always fall into the net set by the same people.

If you look at the CBOE calendar and the dates that are colored, you can see that some things do not happen by chance but there is a very correct pattern.

https://i.imgur.com/tMj80ct.png
Source (https://cdn.cboe.com/resources/options/Cboe2021OPTIONSCalendar.pdf)

There are traders and investors who just follow the basic rule that when the price falls, that is the perfect time to buy. Hardly a few traders go to reply and buy crypto after understanding concepts like "Bitcoin Whales". I wish you luck @Wiwo for buying Bitcoin and you will definitely be satisfied with your investment in the coming future.

just assured that you're buying at the real support level of bitcoin because if not there's a chance for it to go down more until it find the real strong support..just imagine how it breaks those ATH within this year. I hope there's no massive dump after all this correction because you know holders always panicking when they see bitcoin growth rates continue falling.. So i hope it will not happen..

Buying at supports is one of the efficient way to buy on a dip market but you should accompany it with patterns and indicators that this support will really hold on once sell pressure execute. Traders that put order on that support might cancel it or whales eat it by doing market sell if the trend is very bearish. Take note that breaking support is the start of massive sell-off so buying on that is actually a double edge sword, If the price bounce back after it hits then its a big gain for you but if the opposite happened,  You can suffer incredible loss especially when you didn't set any stop loss.

I think until now, that basic rule is still working. But make sure that you are buying those coins who have high potentials to be more valuable in the future. Otherwise, you'll end up wasting your money because those coins never even recover from price drops.

But for OP, congrats on your newly owned bitcoins. It must have been a huge capital to start with, but it will surely pays off when bitcoin recovers and hits another ATH again. Right now, bitcoin continues to drop its price but i know after this, bitcoin will have a higher target of price for its new ATH since price corrections give strong support for its new ATH to achieve.

How things easily change. The once upon a time, "It's too high" is now a new dip. To think that people will be happy buying at the price they initially thought was overboard now is the same way a lot will be glad to buy above $100k soon. Nevertheless, I hope OP's story is true anyway. We see a lot of these FOMO posts during bull seasons. Even when we all want to stay positive, we should also be true to it.

Bitcoin has proved that it's ever going up, despite attacks from various governments and influential institutions. We hail thee, Bitcoin. You're truly a phoenix.

Buying bitcoin is a big potential for the future I don't doubt it with a price correction now it will certainly be a recovery later, so don't doubt that bitcoin can reach ATH in the future.

Having more bitcoins is a very good thing, honestly my goal is to keep accumulating bitcoins in my wallet until it becomes more and after that I will wait years to store and then issue it, it's going to be crazy how much it will cost. bigger with greater ATH achievement, it could even be a new record again.

Bitcoin the longer you hold the greater its value later.

It is great that you are happy to have bought bitcoin for a good price, however I would recommend to you that you never reveal the amount of bitcoin that you are holding to anyone especially to people you do not know, after all while the majority of the users in the forum are honest people there are also a lot of scammers that want nothing but to get to our coins, so now that you have revealed you have so much bitcoin you could become a target to them.

One may need better financial privacy by never disclosing ownership of the amount in public. I can confirm that people who own a lot of crypto asset including bitcoin always to be the target of scammers and scam attempt in various ways and maybe this has been thought of by others so they really practice privacy security both online and offline. 4.5 bitcoin is currently equivalent to the cost of living for several years in my country, so of course it's a bad thing to reveal to people as it would only put themselve at risk.

OP, buying bitcoin when it goes dip is the best option for anyone who knows how the price will recover after that. Price correction can open up opportunities for traders to profit after the market recovers and I've seen it that way many times. If we think that the price correction sometimes reaching 10% is a bad start for bitcoin, then it should never have hit $69K some time ago.

For what reason is a giant flush out likely, why not just a simple trading down turn.   BTC has massive gains and we can pullback a ton also but I want to hear the news or prediction of protocol upset that goes with anything dramatic beyond normal.   BTC is very normally trading downwards, if anybody wasnt ready they werent paying attention to what it goes on often.   Beyond the norm, I want reasons to accompany the prediction or its empty baseless over extended opinion.
   My worst case downside is same thing I said months ago, return to the 50 week price which I find more reliable then the 200 day due to how we are split between 5 day and constant trading in markets.

That is the thing about bitcoin isn't it? I mean it always reaches to a whole new level of ATH in the future and you always know that another ATH is coming around sooner or later. That is what makes me buy whenever there is a dip in the price.

Some people are traders and they want to buy at the bottom and sell at the peak and keep repeating that forever but I really do not care about where it is right now, as long as it is making a profit in the long run that is all I care about. Eventually people will realize that it is always going to profit in the long run as long as you hold it but it takes time for newbies to realize that fact.

Whales are having a fun time this period as the deep get deeper with Bitcoin correcting down to $55k at the moment, it quiet clear that a massive sale is still ongoing and those buyers with big bag are filling it up waiting for the pump to come.

Since you wish to become a whale, then you have to add some more to finally belong to them (whales). Having 4.5BTC in your control is big enough for normal people, I believe you have the capacity to buy more.

But for me, even if I have a lot of Bitcoins, I'd never tried to become a whale and manipulate that market as it never works this time. For it is no use anymore and instead of planning to have that position, it was good to live like a normal investor.

All I can say is that you need to be careful with your keys, holding huge funds is the primary target of hackers. I hope you will not be their target for now...well, congrats.

a situation that is not expected that bitcoin will correct after ATH $69,044.77 - Nov 10, 2021 and continue to fall to the price of $56K and only once increased to $60K but not for long, back to a fairly long-lasting price at $56K. whether near the end of the month bitcoin will not be able to move or will it go down again? if it does go down, it's clear what you're saying that the Pope is having a lot of fun right now, seeing something that could be very profitable just waiting for the pump to come.

The market situation now is unknown since many speculate about it will pump at that timeline and also there are speculation that the bear market is coming and any of that maybe the best thing we need to do is to prepare for something worse and don't let ourselves to get eaten with the hype since its really dangerous to do some bad decision while the market is not going on good sides.

Maybe we can see the real picture on what will happen on it on December.

Always been an unknown one and it cant really be possible that you would able to know on whats ahead thats why we do continue to lose up money no matter how good our analysis would be.

Buying on the dip is on what we do always aim for but knowing the bottom would be always the toughest challenge for you to seek off
because it couldnt really be known.

It is called speculative market because the movements are way too unpredictable.

Bitcoin dipped at $53k, I guess it's a buying opportunity as eventually after this dump, it will again bounce back.

This could be like a short dump like what we have seen in the past, so I'm taking this opportunity to realize a short-term gain.
I'm not saying I'll make a profit easily as I don't know if it would dump further, but according to my analysis, the price will not go down below $50k.

There's no doubt that Bitcoin will rebound again. However, I wouldn't buy anything at the moment. Consider the different support levels for Bitcoin, figure out which one holds, then act accordingly. As of now everyone wants to go shopping on Black Friday.

For now, get some popcorn and enjoy the display. I have my USDT ready, if the market turns favorable, I'll get in.

The new covid variant is somehow declared only today that maybe only few traders know it by now . Once there are more issues or number of users been affected the market may experience more dump but definitely can still go back in time. However today’s new affects the market alot and those who are able to buy earlier or in day trading can gain from the situation and now that many are buying in dip they can already consider having a profit. It’s quite risky to decide whether to buy more or to wait a little longer.

I would say buying right now is not really that terrible idea neither. I am not saying this is the best optimum price you could buy, there could be other places when it falls down that you could buy, all I am saying is that buying right now is not the best but it is not the worst neither. So if anyone wants to really buy bitcoin then they could buy bitcoin and they could wait and even if it falls down a bit more (not guaranteed) you could just wait it out and eventually you will be in profit.

Let's be honest 70k is not that far away and we all know that either in a week or in a year it will be 70k+ so buying right now is not a bad idea. I lowered the BTC part of my portfolio because I believe 10x is more possible with other coins now whereas bitcoin making 10x doesn't look that possible for the time being, it will be possible in the long run so I still have a huge part of it on bitcoin but lesser compared to past.

I'm not sure if the new covid variant (I haven't heard of it), will really affect the market price. I mean we have been in the intra covid environment and this is the new norm already and it seems that people have adjusted.

I think the dip has something to do with other factors, such as FUD or just investors doesn't want to invest right now because the market is very undecided.

Of course there could be investors buying the dip, but it's not enough to push the market to at least $60K.

It's not quite long you bought the bitcoin, but since you purchased the coin, it seems that the price is depreciating instead of accelerating, because right now the price is at fifty four thousand (54k). So the best option is that don't be in a hurry to sell because if you sell now you are at negative side, just allow it to stay and enter next year because the year has already round off and another level of cryptocurrency market will soon emerg. From my perspective it's encouraging to bitcoin and keep but i dont know for others.

The next movement will be so unpredictable for now, some people might consider it as bearish but it's a huge opportunity for new comers to take another best entry. Day traders shouldn't miss this great scenario when we can still buy cheap btc compared from the last all time high.
Long term holders still keep their asset at safe haven, and one they're harvest them with amazing joy.

Maybe, and I wish not. If it goes below that price we might see more panic from different small holders of Bitcoin.
There is always the idea of riding the dump and just try to buy it back after it finishes the dumping phase which sometimes takes longer than how it pump again.
Mostly, we see gain in short span of time and then it corrects again and I think they will try to take advantage of that if ever another dump takes place.

The name is Omicron as I just saw it on the news, well, whatever they call it—it seems that this will continue to evolve just like what they tell us in the past and I think it's a pain in the ass if you are one of the scientist or is it just me?

Anyway, it has been proven before that COVID and Bitcoin price aren't related at all. I think this is just the way how Bitcoin works or you may blame it to the traders and whales since they were the ones that making the price moves. Correction is just a normal occurrence everytime Bitcoin continuous to pump. Plus, this is also an opportunity if you are a trader, you can buy the dip just like what OP did but I think $59k is just too much to. Imagine when Bitcoin at $15k last year and you buy that time.

Not directly related but the crypto market is affected with what is happening to the world, the good thing is that crypto were having a positive growth when stocks are down, and that is proven during the early stage of covid-19 where the world panics real hard.