Bitcoin Forum

I know many either bought at $30K or $28K because it seems like a great price. Or even earlier at $25.5K.

However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.

Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.

You could of waited and bought close to the mid $3K for weeks.

Patience and stay away from leverage….

Some people like to grab the opportunity when it's available instead of waiting for the perfect moment because we never know it will happen or how long it will be there, but I agree that 27K will not be the lowest low of this cycle, probably somewhere around 20K is good buy.

I'm not going to do that for buying now it looks like we have to be a little patient for the right moment, I know a lot of people continue to speculate about buying now but in reality bitcoin will go down to the bottom again, we have to know the cycle before this will indeed happen 2018 with some saying so but I still see continuous movement.
The reference point of 20k is indeed the lowest. I am still preparing everything, whether this is the right moment or will it take a long time.

At some point we're going to break from the price trends of previous cycles. Remember the famous stock-to-flow ratio? Yea, got invalidated this cycle. Sometimes things tend to not follow the trend if almost everyone expects the movement to be the same.

Pro tip: DCA

Until recently, I assumed that we would not go below $28k unless something really bad happens, and it was hard to imagine such an incredible clusterf*ck that happened because obviously every kid today wants his own cryptocurrency, and has some crazy ideas on how to make stablecoin backed with BTC...

Speculations that the price will go as low as $20k are something I read in several analyzes, but will 2018 be repeated in the sense that we will experience an 80% + correction? Either way, those who invest in the coming days will most likely be rewarded after the next halving.

The better approach to this is to buy at whatever price and then average it down continuously. It's better to spread out evenly within the week. Maybe you can get a better average buy-in price because you will never know when it will go down or perhaps go up in price now. It's now or never.

No one can predict the future, so best to buy at your best.

Your topic, I remember someone saying about Bitcoin speculation going forward.
He said:

I don't know for sure, because Bitcoin is a type of digital/crypto currency, from what I've seen, What I thought didn't happen and what I didn't think about, did happen.

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Elsewhere another speculation says.

In fact, in the past two days the Bitcoin price has experienced an extraordinary decline compared to the previous week, I judge, what you say is at least a possibility and not a good time to buy, maybe, maybe, something will happen, before buying Bitcoin there is a good time to do it.

You haven't really made a loss unless you sell at one.

I was selling $6k last time though and I'm still undecided as to what to do here - $29-30k may be similar to the old $6k now (which imo was still a good time to buy back then).

Whether you think its a bull or bear market now, you'll probably have to give up on the idea we're anything similar to the last time (for a bear market, there was no descending triangle this time and for a bull we don't normally stoop this low on the second trough).




I've seen a lot of pension advisers say the same recently about the stock market (even with lump sums).

Buying dips also might be more helpful psychologically to some.

Agree to stay away from leverage, that's really going to kill you at whatever situation, agree not to rush but disagree not to buy.

I'd be really pleased to be buying now and see it pullback to sub 20k, wouldn't be feeling regret, since I'm not buying with the intent to sell so soon. DCA folks will be pretty happy sitting like this for another year I think.

I’ve been looking to buy back the BTC I sold earlier in the year but fiat funds are stuck in cyberspace trying to find their way to my exchange account. Gotta love how fast the fiat banking system works. My mouth was watering last night watching the drop to $25K. Unfortunately it will probably be another few days and I’m stuck watching the price recovery while waiting for funds. Ironically, that’s why people get into crypto. I always forget how awful it is to move money around using bank transfers until I’m forced to do one. I think the only thing capable of dropping prices to new lows is the mtgox coin distribution. Feels like that’s the final boss to conquer.

But do history really repeats itself that fully? I wonder what could be the answer but we all don't know, no one can predict the bottom nor the peak, but one thing is for sure is to DCA, don't put all your money on one asset and in a bear market it's always advisable to do DCA, go to stable assets or don't do anything at all and wait for it to come back up (though this one was for those coins/tokens that survived the blizzard in crypto, I'm referring to Bitcoin and Ethereum).

If you do not rush now, you are going to be upset later on, I can guarantee it. I mean it is obvious that you do not have to go all-in, I am not selling like sell your car and buy bitcoin with it right now lol. Of course not, however you need to also realize that if you just sit down and watch then you are going to miss so much and you shouldn't do that. The best thing you could do right now would be to plan how to get in.

If you do not want t oget in right now, at least have a plan when to get in because as we all know it is a great time to get in right now and if you are feeling worried, you should still realize you shouldn't miss this chance and plan how to get in.

Actually the price is not the stable one in the crypto currency.Being a experienced traders,most of us know this.This is not the option to do such things.When ever market dump,it’s essential one to do holding.Only the panic sellers will do of cash out.Why it’s essential to cash out,when the market is very down.Hold for the market strength to recover to the old value to get profit.

Capitulation happened and it was the result of one dumb idea to try and back an algorithmic stablecoin with a cryptocurrency.  What we're seeing is the manufactured decline as a result of banks taking advantage of an opportunity to make money.  A lot of people made a fortune this week shorting Luna.  While it sucks that the damage they caused has probably eaten the life savings of many and gotten many more to swear off crypto for their life, you don't hear about the fact that a couple of banks did all of this to make millions. 

Blackrock and Citadel, which Gemini's help caused this.  That's the rumor going around.  Blackrock and Citadel have responded saying they never traded UST and therefore couldn't have crashed it.  More lawyer speak for they crashed it by shorting the hell out of Luna all the way down 98%.  That's the rumor anyway and there's plenty of evidence to back it up. 

That being said, this was clearly a short term opportunity.  I don't see Bitcoin hitting $25K again before the mtgox distribution, but I'm sure there will be more fallout to this crash and it's possible that fallout could take us down to $10K.  Don't think that's impossible.

If there's a larger budget for buying bitcoin. It's better to do it in sequences like buying at this price then eventually if it goes lower, you still have money to buy again.
Yeah, the DCA strategy and you're going to thank that strategy for doing so because it will collect you a lot of it as you wait for the next bull run that's going to be sure to come after this bear.

It depends, if the ones that want to buy bitcoin now are a bunch of newbies then you may have a point, it is better to wait until the market has calmed down enough and we have a clearer view about where are the new resistance levels, however if the person that want to do this is someone that has been in the market for a long time then I do not think it would be a huge mistake to buy bitcoin now even if the price went below the current levels, as they would most likely bought that bitcoin to be held for the long term.

Well it went to $3k'ish because of unforeseen circumstances and that is the covid-19 pandemic. Not sure if we will going to see such kind of events that will have a huge impact to the market to go and went to 2 digits again.

So the better approach will be like DCA, or if you really have a lot of capital to purchase in this bear market, then really buying in the dip.

I think the challenge of buying or selling is the exact time to buy and the fear for many is not to miss the buying time before the market move up from the range so they jump right in with hope that it has touched the button. It is not patience that is the issue but being patient to miss buying opportunity is reducing profit margin. Just do what goes with your trading indicators at the moment.

I guess its easy to say that let's just be patient and wait for the lowest price of bitcoin, but the problem is how can we determine that its already the lowest price? The thing that no one can tell that's why we tend to grab every opportunity that comes. But i think bitcoin price right now is already a good time to buy, maybe dollar-cost averaging can be already done if we don't have the bigger budget to buy this time.

There’s a small pump right now but I think it is still not yet the sign of recovery, I also believe on a bottom price to still be hit, but of course we can’t tell this accurately. I suggest to do cost averaging, buy now while the price is still below $30k and if BTC goes for another dip below $25k, that could be your second option to buy more. Patience is the key and playing smart in the market can make a big difference.

Have the right timing, the market is very unstable and yes the price can drop again, honestly there’s no bottom yet and every drop is still possible to happen. Though I don’t have much buying power, so If I think the price is already cheap and good to buy, better for me to execute it right away. Waiting can be more challenging, you might miss the opportunity because of too much waiting.

Now that the market is hitting the bearish season, i guess patience will do a lot if we can still wait for a better price for bitcoin to buy. Do not mind with other's speculations, have your own analysis of the market. If you think btc price will drop more, then wait for it, but if you want to buy in every price drops, then do the DCA. It will be a lot safer that way. Just don't sell them unless you start seeing a good price to sell.

This can be a big help to protect your money and of course to give you a chance to have Bitcoin at a cheaper price.
Right now, the price is still down there might be no assurance for another drop but based on its chart and its volume, I guess the price is still not bound for any rise as of the moment so technically the volume is still weak for the buyers and the sellers are still dominating the BTC market, if this continues the price will surely drop again and that is the best time to buy.

Unfortunately, you can't fight the right timing if we keep thinking more drops or more pumps. What I mean is that if we think this is about a good price to buy then have to do it, nor to think we have to wait for the price to even drop more as we know we can predict for the incoming change.

I bought Bitcoin at $30k, not that it is going deeper, then I buy more. Probably we're not yet reached the bottom but I don't think it was a smart idea to wait for that as "what if it never happens" and we miss the trend.

It's better to wait for a definite time because there is a high possibility that the price of bitcoin will decline again, but for the price to increase it will definitely take more time and certainly not in the near future.
After the decline occurs, of course, many of them will buy bitcoins again.

Dollar Cost Averaging (DCA) is also the best method these days if we want to accumulate cheap bitcoins these days.
Yes, I believe that $20,000 is still possible as it was the previous ATH before the very long bear run before 2017-2018. I am still looking forward to it, if ever we will drop there, it is almost the same percentage drop from the top of $20,000 before which is my buying zone also.

Never that i do mate , because I know that Bitcoin will either Up and down and that is the part where we need to understand for safer investment .

I agree we can buy Bitcoin at any price we want and we think it's low enough to buy. Because Bitcoin is different from altcoins which is sometimes
more difficult to predict and sometimes some altcoins take a long time to recover. So in my opinion buying Bitcoin at any price will still be profitable,
the most important thing is that we never do a cutloss when Bitcoin is experiencing a decline. And we must be patient when deciding to invest in Bitcoin,
so when buying Bitcoin and the price suddenly drops, we don't need to panic. Because of how deep the price of Bitcoin falls, it will always be able
to recover again and can even go up to a higher price. As long as we use cold money to buy Bitcoin, I think it's okay to buy Bitcoin at any price.
Don't let us regret buying Bitcoin too late, because like I said before Bitcoin usually recovers quickly.

I don't think it will go to $20K however. In the past it didn't retest a prior high. I think either the $25K might of been the low or the low might be like $22K or so. Either way we need to see how this weekly candle closes.

Tomorrow is another stock trading days and if there is a sell off due to bad earnings bitcoin could again go and retest the $25K area and possible break it this time. I have a feeling this is going to be a busy weekend of trading.

That is exactly the point of investing mate , we don't need to seek for dumping if we are truly into investing because surely the price of bitcoin  will increase either now, tomorrow or in the following years so best to take the risk or never risk at all.
It is our option and strategy , there are others that seeking for great opportunity while others love to risk.

This could also be the reason why some people missed the opportunity to buy at the dip. Just like what some of the members were saying DCA could be the best method especially when confusion on which entry point is best arises.
$30k, $28k, or $25k might sound expensive, but you have also going to consider how much Bitcoin have reached as ATH this year?
Well, it's somehow true that one should never rush on buying Bitcoin. One should never buy it 1 time big time. It should be safe to come with percentage.

I like the overall message, since I do believe due diligence, and also patience should be exercised when it comes to investing in anything. However, just because it has happened before doesn't actually mean it'll happen again. History doesn't always repeat itself, as the saying goes. If you were to based all of your decisions on what has happened in the past, you'd probably be looking pretty silly. Obviously, at the moment Bitcoin has followed a somewhat 4 year cycle, however that doesn't mean that'll continue, and it will end at some point. That is almost a guarantee.

Thanks for reminding. I think I am not part of this anymore as I am one of those who rush on buying at $30k. I don't know, I told myself my lowest was $35k but then in an instant it fell down to $30k so I was suppose to think I am lucky enough to witness that sudden price change.
Anyway, what you propose is better, that is if there will be another dump that will happen. For me, even if it happens or not I guess I should just appreciate the bargain that I got from the recent price fluctuations.

If you can manage to to flip during a small recovery just like happening now, You can still make a profit out of it and re enter on much lower price. The OP suggestion is good if you are not doing DCA when buying and buying all-in at one price point. But if you have enough funds and buying in batch order, You can buy whatever is the price since you will buy another batch on the next price movement so that you will not feel FOMO in case the price already recover on this bearish cycle

If you want to prepare a long -term investment, maybe at this time a purchase of Bitcoin can be made, say in the future Bitcoin will be corrected again, but because we use a long -term pattern, it is not a problem with Bitcoin corrected again, one thing we need to know, the Bitcoin cycle runs the most. Two years old, meaning that in these two years it could be that Bitcoin goes down or rising, but after that Bitcoin's reaction will restore something extraordinary, in 2017 to 2021 it becomes a reference, how actually Bitcoin goes on the market

The wait can indeed be long. Now bitcoin has broken through all possible supports of the last two years and bounced back a bit. It seems to me that bitcoin's fall along with the stock markets is not over yet, or maybe it has just begun. A week ago I was optimistic, but now I think we have a few years of downtrend ahead.

The courage to buy bitcoin during a crash like in the last 2 days seems to only be owned by those who have pro tips such as always being able to maintain DCA. To be honest I didn't buy on the crash because I believe the panic is still very strong, but I'm just trying to hold back from selling anything even though today's market recovery actually got me a little more excited.

People certainly hope to buy at lower prices, that's a reasonable wish but most of them probably won't be successful because prices won't go down forever and fall more than 20%-30% in a day. In fact we know that yesterday $26.5K only held for a while before the price started rising again and broke through $31K again today.

What you said is true, the market always gives you the opportunity to get at a really great price but in this instance and in a situation when the entire market goes down drastically how deep the market can go. The alt coins market was shattered and yet the Bitcoin market did not went past $27k which was surprising as i expected a much bigger correction in the Bitcoin market as well :D.

Just buy what you think is already the best price for you because it will always depend on how you see the market and will depend on the analysis you have made. Don’t listen to any FUD or HYPE, just continue to read the chart and no matter what the price you buy, don’t forget to have a target price to sell.

DCA is sort of like that as well. There are two ways of doing it, one of them is setting a time and the other is in batches. In setting up times version, you do it like once every Monday, or once every month, or whatever and you do that, which would work, even in daily if you do that because there are times in crypto where even it changes per day, but weekly is much better.

The batches one is different, it means that you divide it into batches (your fund) and then you buy it in batches depending on the price, for weeks if it doesn't move you do not buy, but if it does go down then you buy one more batch, if it goes down more you buy one more batch.

Exactly but for now I will just read the news because there's something huge happen in the market and until Luna issue will not be solve by their developers, maybe we can see people fear to buy some bitcoins or alts because it may trigger another fall. For now monitoring is best action to do since its hard to catch sharp knife while everyone is falling.

making a perfect portfolio is not easy, i also do this ^{(buy 15% of the income i get from my business when every time the market is bearish)}.  buying in bulk is risky ^{(especially for those who don't have much wealth)} so buying in stages and selling in stages must be done on time and with patience.

And how would you be able to guess that the bottom was $3.2K? The point is that we are in a buying zone and if you have good capital you don't have to spend it all in one purchase, you can divide it in several. Going with your 2018 example, someone who had $10K to invest at that time could have divided it into 4 purchases, starting at $5K, because it was clear that was not going to go down much more than $5K, while guessing where the exact bottom is is impossible.

The important thing is that you don't buy bitcoins with the all-in option because if the price goes down, you won't be able to buy bitcoins anymore.
Maybe buying little by little in times of deep decline will be one way we can get more bitcoins.
But before you buy bitcoin, you should analyze the market movement and set a lower price than the current one if you predict the market movement will continue to decline.
So it will help you in buying bitcoins at low prices and you will be able to get more bitcoins at that time.

Yup, finding the "right" timing is a tedious process, which can't be predicted nor is it something that you could have known. While on the one hand, waiting for the perfect dip could potentially lead to losing a great opportunity, because that dip never occurred (has happened to me when Elon Musk pumped the market). On the other hand though, OP's point is that the market is extremely fragile at the moment, thus, Bitcoin's price could fall even more in the next few days.

I'll agree with OP on this one, it's best to be cautious about any purchases, the market is extremely volatile at the moment and I wouldn't be surprised if Bitcoin went below the $25.000 mark.

I'm still a newbie at that time 2018 and I still considering it that year as the "year of hell" because of what happened at that time. Extreme fear, markets going down, Bitcoin went down from near $20,000 to near $2,000-$3,000. Other projects at that time have been forced to abandon the project because of what is happening at that time.

Anyway, I agree with what he said here that maybe you should buy Bitcoin partially. Be patient because it seems like Bitcoin might go even lower to as low as $20,000 or even lower (worst case scenario) because of what is happening right now. Interest rates, Inflation, War, the Terra LUNA incident and the pandemic. Be patient and if you have spare money, buy partially.

At all times especially if you aren't ready with the worst case scenario that might happen to you. Tried to do leverage and all of my profits (got doubled my money at that time) lost in just one failed trade that I made.

Or, people could invest in multiple instances instead of one, aka DCA. That way, the timing wouldn't be that much of an issue since you won't really even think about it anymore and just have a stable schedule of investing (can be weekly, monthly, etc.). If you don't want to then honestly, just buy any dips. It's not like you're buying for the short term anyway, and there's no real way for one to actually identify whether the market has bottomed out or not. Just look at it in the long term and any dips would seem like investment opportunities.

It was the altcoins that are easy to predict because it mainly follows btc movements but we still didn't know if which assets btc relies on, which makes this coin hard to predict. Some relies on analysis like watching the charts or watching the news to help them decide their next moves.

I think this is helpful sometimes and can be better than predicting randomly where you only rely mostly in luck. There is no limit if how much we can buy or if what price makes the market open for the public to start buying but everyone is free here to do what they want and by that, why will we rush? Being calm is still the best thing to possess.

That's the "issue". Diversifying isn't always providing you safety of your investment, since most altcoins follow Bitcoin's movement, due to being closely correlated. Don't get me wrong, not putting everything in one basket is a correct strategy, especially with Altcoins, after seeing what happened not only to Luna, but also to Fantom for instance, which had simultaneously crashed over 50% but no one bothered to mention it because everyone had their eyes fixed to Luna and UST.

We put into some point that buying in every correction is a great opportunity rather than being worried if it drops more. Then, in that case, we have to buy again. Maybe this is too difficult for the poor people to keep buying but for us who have enough money to risk, I guess this is somewhat a good strategy to follow.

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But, it was indeed wise not just to focus on Bitcoin alone. To split our investment is safe and more advisable as these experts sayings.
We don't need to rush but never have to ignore the chance because we rely on the past, history never repeats itself, that was I thought.

Recently there was a guy here that says he wants to all in, in bitcoin by the time btc dips a little more. What a crazy guy, what he was thinking when he said that? But, I don't know if he really mean to do it, maybe he only got carried away with his emotions but there's actually one family that I know who did all in everything for btc. That is not recommended though. They can just invest a major portion of their wealth and still earns good by the time btc pumps.

There is no need to be greedy and sacrifice the important things in your life like your house, car and etc...  and like you said, we can't buy anymore whenever the price dips again. That's going to be a boring moment for our bitcoin journey.

This definitely has some sense into it but not everyone is capable of detecting buying opportunities since not everyone has at least basic knowledge about some indicators or at least how to look for supports and resistances. For the people in this bracket and are looking to hold for long term, the best thing to do would be to gradually buy on moments when they have extra cash and never be bothered by the volatility. Of course, learning basic indicators would also be great but yes, not everyone has the time to do so or the drive. Oh well, accumulate and DCA is the best long term strategy for the lazy ones anyway. I just hope no one in this bracket does leverage trading or uses money that they cannot afford to lose.

I do not think it is possible for the Luna issue to be solved, the people behind the project will without a doubt try everything they can in order to so, however when the trust in a coin is lost then it is over, no amount of promises or improvements on the network are going to bring people back and invest in the coin as they did in the past, so I think it is just a matter of time until the project definitely dies and disappears from the market.

Tomorrow will be the opening of a new weekly candle. We now have seven red weeks in a row. Judging by the shadow of the last candle, the next one could be a reversal candle. If the next candle is red again, then I will be definitively convinced that we have a long-term bear market ahead of us. If a rebound should happen, I expect it to happen soon.

We can't conclude on a complete rebound on the market. There happens slower phase change. The price have finally crossed $31k and this could trigger people missing an opportunity to invest at the low bottom. Maybe more people can consider buying, and the same could reflect in steady growth of the price. However we can't expect a bullish move, what we experience seems to be the bullish fluctuation out of the bear market.

The thing is, we cant certainly predict if that specific low price is already the bottom and there's no further downward movement. Thus it depends on our own analysis and what we think could be the perfect time to buy. Like I have always said, every dip is an opportunity to accumulate since we cant pin point the bottom. Thus if you have a budget and the price is declining then just buy and have a set price when to sell.

it is an opportunity for those who are not in badly needed of funds , but thing will change if the situation comes around that like an investors sadly face a need in money and all he had to do is withdraw , that turns to be a negative effect for the whole thing.
so lets see what comes to the position because this season is really not a good shape for the whole cryptospace and not only in bitcoin.
i would rather buy now than to see like your stand because this seems to be a badly corrected value.

It is really possible for the price to increase if the buying demand continues to increase as well. And it was very fortunate this been visible to the market by now, unlike in the previous bear seasons in which panic selling was a chaotic trend makes the price drop more. It is just to see how the people had changed their minds and are still proactive in the market despite the decline and red colors that we've seen. Indeed, people are still in the faith in crypto especially Bitcoin which helps bring back the price to rally again.

I don't think much about what he's saying because it would put more risk on him if he did.
After all, we know that the crypto market today is more volatile than usual and it could make him confused to keep holding on to it.
It could be because of his emotions that saw the price of bitcoin drop drastically to this level that he said the sentence would put all his money into bitcoin if the price fell any further.
In investing, we must also calculate how much money we want to use and not use all the money to buy at one price.
It is better to be careful in investing and always make a backup plan to anticipate any changes that occur in the market.

But then again, the market is cyclical, when people gain experience, and doesn't bother to get panic at a slight or even massive drop, there will be new players in the market who is unfamiliar and will immediately push the sell button if they see their portfolio going down. So for now, there is no really, just marginal increased to $30k, but that is very important because it is the support levels for now. So we need to get back to $30k'ish this month to at least have some confident entering the second half of the year.

But if we are willing to keep Holding and capable of having funds to risk and wait? then best this is the chance to purchase as I happened to buy at 26k value and now earning at least some percentage as the price climbed back to 30k .

but your point are valid because sometimes there are sayings about repeating history itself.

LUNA issue will  calm in the next following days or month , and this is just a normal effect now but as we knew investors? they will struggle finding new again but this time they will be very observant and choosy after what had happened to LUNA.

meaning this bearish will end nearer and wont last that long.,

maybe we will be seeing another fall in the next week as we are near to enter the end of second quarter as this is the crucial time for crypto till 3rd quarter.

Right, seeing the market trend that continues to decline from New Ath Ath last November made me not take any action after a few weeks ago, I had diverted about 70% Bitcoin to stable coins when the price was still around $ 40k, and I didn't want to buy anymore Because many analysts argue that the market is still red until now.

Seeing the ~$30k price drop, some panicked and sold their bitcoin at a higher price at a loss, while others rushed to buy this as an opportunity to buy at a lower price.

Judging by the fact that the price stays, roughly speaking, at the level of ~$30k, we can say that the number of sellers and buyers is approximately at the same level. That is, a balance between supply and demand.

I agree with your statement, can't rush to buy bitcoin and the bear market can drag on for a long period, which will allow you to see an even lower price than now. I am inclined to believe that it is now possible to buy crypto with some of their funds allocated for this and repeat periodically for small amounts. All the same, in the long run it will be profitable, even if the price falls even lower than the current values.

I think the recent drop in the price has caused a great deal of the newbies and weak hands to sell their coins, and while this means that most likely they have lost some money over the last months this will help the market, as now it is way more difficult to make the price drop not only because there are huge walls in every exchange willing to buy bitcoin at any price lower than 30k, but also those that remain are stronger hands and they are not so easily scared as those that have sold their coins already.

I do believe that there is a reason for all these weak hands and the newbies who end up selling at this level when it is low, because they haven't been here for long time. This could be something that causes them to not live this before, and since they never lived something like this before, that causes them to not understand how it could bounce back. Which should be something you gain with experince over a period of time. When you are here long enough time, you get to keep seeing it all the time and you live through these things, you end up becoming used to it. That way you get to hold it even when it crashes really hard just like it did recently.

I have a really good friend of mine who bought a ton of Bitcoin and some alt coins right before this crash. He has a lot of anxiety about it because he hasn't seen this kind of thing before. As someone who's been heavily into crypto for years, I keep telling him not to worry because I have seen so many corrections over the years but he keeps looking at his wallet.
I probably give him the same advice weekly: BTC is a long hold, just wait it out. I tell him, I don't even look at my wallet anymore. It’s a revolutionary technology, you have to understand that corrections are a natural part of crypto and its growth potential is still huge.

That should be the way to run an investment, this is influenced by how much knowledge each trader has, the concept is very simple in basic investment knowledge, that's why holding potential coins is much more profitable than trying to speculate, because of the level of security of the assets we have can be set in a corrected market condition, but if we hold non-potential coins, this is even more dangerous when the market is experiencing a severe correction, because it is difficult for this kind of coin to strengthen again

40k you transferred ? why not when the price is 48k weeks ago ? that is much higher to that 40k selling lol.

but I did 50% , not 70% because i still believe in advancement even there are some price drops happened last weeks.

so what does the candle brings? it is 5 days that it happened .

It was hard for them and those newcomers that haven't yet experienced this. Those who come during the bull market will simply think this was the end of crypto but for us who have been in the market for many years, we know how to handle this thing.

And I hope your friend will listen and follow your advice. Yes, it could be wise not to visit and check our portfolio during the bear season as this will just hurt us. We'd rather busy ourselves with other stuff to divert our mind and to keep ourselves calm.

I think you are right, bitcoin might fall a bit and we will see more opportunity to buy at a lower price. However, if you buy at the current price, I still think you buy it at a cheaper price, and since we don't really know what would happen next, then we take the opportunity when we see one.

Well, I would not invest everything I have so I could still buy some when the price hits $10k or lower.

I know you did the right thing to convince your friend not to worry too much about the current price correction. Obviously there is a very high psychological pressure on those who are currently losing some money due to the price drop, but when they are confident and optimistic about the future of bitcoin and its potential, then maybe they can control their psychology and wait for the right moment to make a profit.

I don't know how many bitcoins your friend bought at a higher price than now and how much money has been lost from the estimated value of his assets but he should know that bitcoin is the best investment in the long term. He just needs to wait and learn everything about the market and how to control his emotions when the market is bearish. You can also reassure your friend that only the approximate value of his asset is decreasing while he still has the same amount of bitcoins to hold on to in the long term.

Though it may seem as if the market is not moving, there are still opportunities to be found. Fear and greed reached their lowest point since March 2020. However, many people are beginning to see the potential and are now turning to trading. You can make money in any market condition with trading. Furthermore, I am interested in low prices so I would not mind making an entry.

Rush or panic are things we must avoid, when we make decisions we must be smart and selective, don't just rely on emotions when we want to buy or sell, it's better to do a deep analysis before buying, the market is difficult to predict and today there is another correction .

I also think so, if you look at what happened to the market decline that occurred in the past after 1 year before reaching ATH, the decline continued to occur, it is possible that it will repeat itself at this time, we do not know to what extent this decline will continue. it's better not to rush or buy in small quantities slowly and wait for the lowest price.

So in short, he was new? Because, these kind of events are new to him but why did he invest a ton? No wonder why he is worrying now but newbie or not everyone must only invest what they can afford to lose. You're a good guy because you are trying to comfort your friend and encourage him to stay positive. If only without your help maybe there something bad that happened to your friend already. Keep checking your wallet doesn't help the price to recover or rise but it will only make you more tense.

We don't need to worry about btc because btc is not a scam coin and btc works best if you hodl it for longer terms. He is a newbie but he can always do a research and check the price history of btc for him to gain confidence.

I think he panicked and was very worried because he had bought too many bitcoins. it could be said that the friend of a person who is too greedy and greedy will become a rich and successful person. this is a big mistake for him at least before buying a large amount he needs to understand and check the market conditions first and then buy bitcoin. but what's the story the rice has become porridge.

Uh, he's not the only one to be honest, while it's completely understandable for someone to be stressed over money. I don't blame him for being anxious regarding the market, however, I do blame him for spending a fortune buying Bitcoin and altcoins, without using a budget. Generally, I've stopped looking at the charts or my wallet, there's no point, at least for Bitcoin, it's the only I trust and look forward to in the future.

Now seems like a really dangerous time to buy Bitcoin.  Not just because of the price, but moreso because of the amount of leverage currently taking the long side.  A small breakdown from here would trigger margin calls and liquidations that would send the market into a downward spiral.  I'm a bit surprised that so many people are betting the farm here after the breakdown we just had.  People seem to be placing their bets that Do Kwon was an idiot and the damage he did is now behind us.  I tend to agree, but I'm not making leveraged bets on it.  I'd wait until the longs get liquidated or cash out before jumping back in if you're on the sidelines.

Without a doubt their inexperience plays a very important role, now if they took the time to see the charts they will see that bitcoin has moved like this many times in the past, however there is a huge difference between seeing this in a chart and going through it when you are heavily invested in the market, so while I do not blame them as I can understand how hard this can be for them, at the same time it surprises me they are so unprepared and so unwilling to hold their coins when they know the price will eventually recover.

There are ton of newbies who see bitcoin as a thing that will not go up too much, and that usually results with something that will go up super high because most of the newbies want to get in, invest, get super rich as quickly as possible, and then get out as quickly as possible.

This doesn't happen of course, they end up with something that will crash because the richer you want and the quicker you want it, the bigger risk you are taking and that will eventually end up with something risky as well. I personally would invest into bitcoin because I know that it will take a while before it could make some profit for me but it will make that profit one way or another.

This is such an obvious thing and people are still not seeing it. I get that people are looking at it like it is going down or it's down and we are in a bear market and all of that. But, the reality is that we are not looking at something that could go down too much more, but it could go up a hell lot more.

This should be the case when you are investing, if you could invest and make a ton of money without even breaking ATH then it could be the key here and it could benefit you. Look at the support lines and the resistance lines, they are clearly wildly different because support is close but resistance is nowhere to be found, that's great deal right now.

We can't still find assurance making a huge profit this time, not even to make easy gain after buying. Holding is really the thing we do, for now, quite it tests our patience again. But if we are a long-term holder, this is not a problem, I am just doubtful how these weak hands manage this.

Buying this time is still an option, I don't encourage people to do it unless they know how to hold it.

Indeed. Dont engage yourself if you're not prepared and cant handle worse situation because there's no guarantee for the price to move upward right after you buy.

Thus buy at your own risk but it would be less risky for investors who have plan to hold for long period because the current price is still cheap to fill our bags.

As long as the amount you'll invest is something that you can afford to lose then buying at this point is not a bad idea.

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

Bitcoin will still increase, that's given already, however, we can never ascertain when it will happen. If we are buying now, good decision because we are seeing a dip, however, it's still okay if you will wait for a bit because bearish might continue and bitcoin might continue to drop.

relate on this mate , and indeed that stopping listening or reading  and just forget the world a while from crypto and focus in somewhere that will refresh your mind.
it is not something we need to believe because that is already written in our future lol.
and this is the perfect timing for that , buy now or cry tomorrow .

People are rushing to buy bitcoin but afterwards they use to complain  because instead of making progress it keep decreasing. Lol
Patience is the key on this situation and if we keep diving everytime it fluctuate, surely we will end up massive losses. Never ride the FOMO make fundamental and technical analysis instead to assure everything will gonna be alright that's the good suggestion.

If bitcoin goes up tomorrow, we will regret not buying today. Since the price has dropped a lot, it's a good idea to buy now. But in order not to miss the opportunity if bitcoin continues to drop, we should DCA instead of buying all at once. We don't need to worry too much about btc because btc is not shitcoin and it has been proven to always increase over time.

I think buying at the current point is very good because I believe we've hit the bottom, I don't think Bitcoin can slide any further, given the rather good weekly closes in the past weeks I expect buying at this price is quite appropriate, but as you mentioned from Precautionary door The best part is to buy with part of the capital only and to wait for the market, in case it drops more than that, it is possible to buy with another part, this market is volatile and no one can predict what might happen.

Some believe that bitcoin can't fall further, others that bitcoin will definitely fall, and others that it will stay at about current levels. I think that no matter which of the options we believe in, we still can't influence the development of events in any way, if we talk about each separately. Moreover, all attempts to predict events are doomed to failure, in my opinion. Personally, I see the optimal solution in periodic purchases of bitcoin for part of my funds, as you suggest. Not only you, as many voice a similar strategy of behavior in the current market situation. It's not worth rushing to buy bitcoin, especially with all money, but I would not recommend missing out on the opportunity for profitable deals (it will become known only after a while that ~$30k is a very good price). Therefore, need to balance between greed and fear.

True.

No matter what kind prediction popping up , if you are a real believer then .. anytime is a great time to buy bitcoin , you just need to split it into several buying phase and accumulate it at the end of these downhill , i've tried it and once you got it to the very bottom of the bitcoin price line , it feels really good!

Not just the profit but there is priceless satisfaction. So yeah i'd recommend to keep buying!

Time is the only way that we can distinguish what will happen , Bitcoin shows us for many times now that Bitcoin can climb here and there but of course this happening mostly every 4 years.
and we have seen this that Halving is what dictates the market prices.

Buy today and wait for the next halving, I don't think that was hard for someone who wants to earn more unless holding is hard to do it.
Likely, it was not a question of this is the right time to buy as indeed, it was the best opportunity.  Neither going to ignore the current situation, We can't see this forever as sooner or later pumps may start again without knowing when.

Halving day is one of the factors that pushes the price of bitcoin to increase due to the many block reductions that occur every 4 years, the last time the halving day occurred in 2020 and as a result in 2021 the price of bitcoin was able to rise quite high and even reach its highest price so far, I think the many negative effects that are currently triggering the decline in bitcoin prices and of course this is an opportunity that we can use to buy bitcoins at cheap prices, if you really have cold money of course it won't hurt to buy bitcoins now and save them until the next halving day occurs in 2024.

The first consideration when we buy is a profit target that we will get, I'm sure whatever the price we buy and we are patient, we will profit, I'm optimistic that the market is immediately Rise Again so that it immediately buys so it provides good opportunities for profit because it is to buy at the price cheaper.

If you zoom out and look at the previous bear market chart, then you will see another impending major crash after a long accumulation. This time it could be more than 40%, which could cause panic in the markets and many altcoins will go down to -90% of their previous ATH. But if you are buying in parts, then this is the place to take an entry. A lot has changed, so if the opposite happens, then you won't regret it.

Aim to buy this whole year imo and thats just what I thought might be reasonable guessing back from last year.   A lapse of constant gains and a pullback is par for the course.
  Right now I wanted to note that the DXY or Dollar index has pulled back from its 20 year highs but only to the peak we saw in the pandemic sell off so a place of significance.   To me that makes a pivotal point of note, I'll be watching that for reflection on strength and possibilities for BTC as its inverse of course.

it is not that easy mate because this needs money that you must not need for long time at least 2-5 years? that is what Holding means and this is hard for many of us because we only invest funds that we wanted to profit at least months and 1 year not for that long couple of years.

Whatever you said that's 100% correct but the fact is that we are talking about Bitcoins here.
Cmon we all have seen what is Bitcoin capable of.
And as we know that there is a fixed or limited supply, so when the demand will be high, the price will automatically go up.
So currently buying Bitcoins is like 85% SALE, so buy as much possible as you can.
Once Bitcoin reaches it top gear, I am sure it will break it's all time high price and will run towards 100k USD.
So it's better to buy as many Bitcoins as you can and also advise your friends to buy some.

if you are tending to say that 40% drop then we already had that week ago , but about 90% ? then since it is from ATH then we already fell down that low already mate and yes we are now waiting for the climb as the fall already happened from what you are pending to say.

Last week that fall was 25% I think, and the market quickly recovered from that level too. Look at the previous year's fallout from ATH. I think it was more than 80%. This year we are sitting at -57% of its ATH, so now calculate the expected price of bitcoin. Every year, the BTC chart follows almost the same pattern so what I am saying is something expected. We just do not know when it will happen. These are not only my opinion but also some market analysts I am following.

The next halving is still two years away. During this time, anything can happen and the price can fall even more compared to the analogy of previous years. I don't know where the price will go in the near future and even more so in a year or two, but bitcoin is now moving with the world markets and they have all just started to fall, so I think bitcoin price will fall too.

not sure it will happen again, I think then and now have a difference, look at many famous rich people, presidents or even big companies investing in bitcoin and crypto in 2021 yesterday until now

The bear market does not last as long as in 2018 and 2014 which is commonly called a 4 year cycle, I think it is no longer valid when the supply of bitcoins is only 2 million left at this time, we will continue the next ATH when people throw it cheap

I have a question to all of you who, like OP, think we could have an over 80% correction from the top. What makes you think that it will happen?

Sure, it did happen in 2014 and in 2018, BUT... If you were betting at a fighter who won 2 fights in a row, you'd think his chances of winning against another opponent are high because of his past performance. In reality, his chances are based on many other factors like, to begin with, the opponent himself.
The fact that you had 2 car accidents doesn't mean a third one is waiting to happen. You know where I'm going here.

Bitcoin is changing, evolving, and the best example of it is the last bull run that surprised most line drawers who based their predictions on bitcoin's past performance. According to them we were supposed to go to 200k usd because that would be 10x the ATH, pretty much like in 2017. We all know how these predictions aged.

No coin is supposed to rush and buy due to the level or changes in cryptocurrency price this period, bitcoin is something you can buy even in a rush you buy, i know you will still make profit because the life of cryptocurrency is independent and it can not crash to the level were by your coins will finish, the thing that is there, or the assignment you will give yourself is to hold until the it return mega price before selling

The most volatile currency in cryptocurrency market is Bitcoin. Here we can see the rise and fall of large amount of money in a short period of time. If you make a mistake in buying Bitcoin, you will face huge lose at that moment. So never buy it in a hurry. If you are a good bitcoin holder then you will more likely to make good profit.

if you cannot hold longer then never let your funds enter the market because this is something that we must understand , this is long time chances.
and thats it , we must understand about the long term effect of our currency holding and not just something we wanted earning easily .
Well that is the basic understanding we have learn here , to invest something that we can afford to lose .

most volatile? i don't think thats  the reality here because there are so many coins that more volatile ng Bitcoin and they even move each seconds .

at least you understand how long the Halving to come right? so how come that it is not hard to do ? lol

you mentioned halving so meaning there are plenty of time to come ?

even if this is the most volatile , the expensive and the oldest coin yet this coin is the most profitable and most secure so Yes still Bitcoin will be our sanctuary specially for Holders like us.
Buy Now and take the rush because the cheaper we can buy is the biggest earning we can have.
never doubt bitcoin because this has been here for how many years and yet? we are taking so much income for that time .
depend in your capacity mate, because why not rush when you have funds to buy for Bitcoin?

I think buying bitcoin must go through deep research, if we are too rushed to buy then we will regret it, I'm sure that if we hold long -term, we can get big profits, the most important thing now is when buying it must be patient, never sell With a loss condition, long -term holders will make us get huge profit.

Currently the bitcoin market is still in a stagnant state after yesterday experiencing a slight price increase, stagnant movement of course can be a snowball that moves in any direction, but in my opinion, bitcoin movement which is slightly stagnant as it is now tends to move down because there are still many the pressure that is happening to bitcoin, and I think rather than rushing into the market it might be better for us to monitor bitcoin price movements in these two days, because certainly can all happen in market conditions like now  although it doesn't hurt to buy bitcoin at the current price, but if possible with patience we can get bitcoin at a lower price, why not?

Rushing to buy something you don't know the risk might put you in certain situation where you can't afford to hold on so proper researching on the positions you may take might be the best option to have also we most not forget about reading the chart because this will help us know what possible position and current state of the market. If we learn how to think critical on the market for sure we will earn even though the market is not in good situation.

Today there was a correction of more than 7%, of course many panicked and sold bitcoin, but many were waiting for the price to drop even lower to buy, today I put around $250 for the price of $28500 in the market, so when the price drops below $30k usually there will be a volume of transactions and I think the price could still go down again than it is now.

DCA could be a strategy that can help retail investors to accumulate bitcoin. It might take some time though, but still everyone can benefited from it specially that we are in a bear market and it will take another 2 years before the bull run. So take this time as an opportunity not to complain about the price but instead take advantage of it and buy as many as you can. Doesn't mean 1 BTC right now, but slowly thru DCA'ing.

Pro tip : never listen to advice "when to buy"

All areas are good buy moments, holding FIAT is the stupid thing...
Like saylor mentioned, if I have dollars then I buy BTC...

I also think like no one have made more BTC-stashes with listing to TA advices or whatever...

Just buying and hodling provides the best and certain accumulation factor.

no time some body buy bitcoin is the wrong time, people buy bitcoin when they notice that bitcoin is in falling state and they make profit also. The coin you will and it affect you for the state of dip market is altcoins, because some of them don't have a reversible strength, example Luna, when it started falling nothing could hold it, but Bitcoin fall and rise at a moment. Instead of investing for coin that the potential is not strong i rather go for the coin that can resurrect within short time like bitcoin..if someone is condemning bitcoin that people should not invest in Bitcoin that is bad advice

Very concerned people would suggest buying Bitcoin for a different price, but my goal is to buy more at $25k and reserve funds maybe to buy another $20k. I believe both Bitcoin buying targets can be achieved because the market pattern is always there is a possibility the market will decline drastically before the recovery area reaches $30k again.

So you would wait on something that isnt sure to happen or would reach out? Its not bad to be that optimistic but dropping that low would be unlikely to happen but well we do know that this market could have those

unpredictable situations or scenarios which could neither happen into your analysis or not.We do have our different takings and impressions thats why its up to someone whenever they do make out decisions.

Rushing do depend on the situation because there are times that people do see that it might be the bottom price and just wont tend to miss out that spot on getting in.

Well, you are right it depends actually considering how much money left you do have and what is the current price it's not always buying when the price isn't fit to what you have expected but for someone who just wants to invest they can buy as much and anytime they want.

So far waiting is kinda good and bad thing since the market is always unpredictable so you gotta do what you gotta do or expect the unexpected that it's going to happen. So know where or when you want to buy and don't buy bulk if you want to see how far the market could move before buying.

Many predictions are sure that there will be more correction, this is what makes us have to be patient to wait for the best time to buy, I'm always sure that the market can skyrocket again, but profit can only be obtained if we are patient for hold.

You are calculating the price to be going down a lot but I do not think that it would go down that much. I feel like it will go up, so if you keep on waiting or the price to be 25k or 20k, then you may end up being upset about it. I feel like you should be filling the bag right now, because this price could be the last time you see such a price.

This usually doesn't mean that you should be losing money if you wait, it just means that you will not be making max amount of profit that you could make. I agree that DCA is the way to go, and that means you would have to buy some now, and wait for it to drop and buy some more there, but it is already quite down, it may not go down too much after this.

I agree that it won't go down that much. Its clear to me that bitcoin has already hit the very low, it won't go lower than that. Its obvious that we are just waiting to reach to the top levle and I believe that in order to reach that top level, we only need some time. So people who do not "rush" right now, will be hte people who will be upset about it later on. I hope that we could be quick enough to buy it, I bought some but I am willing to pay some more and waiting for that to happen. Its not going to happen overnight, but the moment I get paid, I will end up using that to buy some more bitcoin and I hope it won't go up before that.

I never consider buying in rush but I always take my chances mate  , Buying whenever I have extra funds and yes I know it for a fact that investing either the price is falling or climbing who cares from us who HODLERS?

We will buy when we have funds , and we will Hold as we are here to support and trust Bitcoin .

I may decide different approach in Altcoin but not for my precious Bitcoin .

let it happen , and let us wait for timing .

Buy whenever you have funds to invest for and the amount to risk

so what is the right time for you to buy? isn't this season when the prices is dropping badly ?

I don't really think Bitcoin will rise as quickly as you seem to think, since Bitcoin used to have a reputation of being a hedge against inflation for many people, but when inflation started to rise in many part of the world due to the Ukrainian war and western restrictions against Russia, Bitcoin failed to perform as expected and collapsed.

Agreed, the war had made a big impact on bitcoin market. During the beginning days of war, bitcoin experienced a drop and bounced back as a result of increasing usage and people considering it as a hedge against inflation. Beyond certain point it wasn't able to perform against the traditional market. Once again it is time to prove its ability, and this isn't gonna happen in a short.

He didn't say quickly but he said it takes time. Bitcoin is not some kind of a pump and dump coin where it can pump in an instant but it rises slowly but surely, that is if the bear have officially ended. Bitcoin didn't present itself as a hedge at the first place so no bitcoin did not fail. What is sure is btc is a currency but it's only us that can think of many ways to use a btc.

We shouldn't get angry if ever our expectations have not met. Bitcoins value have collapsed but there is still a chance that its value can recover so therefore btc did not lose its reputation as a hedge if that is what you consider it, also or only if the person is patient enough to continue hodling.

Why isn't bitcoin a pump and dump coin? If we look at bitcoin relative to stocks, it is very similar to a pump and dump. It has up and down cycles. Manipulated by exchanges and tweets. So many people have lost money thanks to bitcoin, far more than those who were able to make money from it. Bitcoin is a high-risk asset, so capital is slow to invest in it.

The thing is, it may not go up like he said, but it may as well, that's the thing. Nobody can guarantee us that price won't be 50k this month, I am not saying that it will be 50k this month because none of us know that but we do not know it won't either. So, why not just buy it if you think that it won't drop too much. That way you could decide on what's going to happen, and you will make a good amount of profit in the long run as well.

Buying right now means there is a very very small chance that you will lose your money, and a big big chance that you could make profit. This is why I believe that he is right, maybe his timing could be wrong, but the idea is right.

Investors who want to make a profit of course do a good plan, if you see the price trend in the current market then now is the ideal time to buy immediately, I'm optimistic that in 2 or 3 months the bitcoin price will return to $40k so that by buying now we can profit at least 15%.

The current decline in the market provides a good opportunity to buy at a cheap price, but I don't think investors will be in a hurry to try to enter even though the price looks cheap, because maybe with the right analysis of the price forecast, the bitcoin price might drop more cheaper than what we see today, the many negative issues that hit bitcoin make the bitcoin price likely to be corrected again in the near future.

This is basically the reason why we are speculating in the crypto world. If we knew exactly what it would do, then we wouldn't be guessing and losing money, we would be just doing whatever we want. But, we all know that it is not going to happen like that, so we just try to speculate and see where the price will be.

This results with us trading with things that would be a lot better in the long run, and that means profits would happen when the price goes up, for most people. Sure there are "some" people who make profit by shorting when it goes down, but a lot more people profit when it goes up. So that is why we mainly focus on when it will go up.

The lowest bitcoin price so far after last year's ATH was $26K more but it is still possible to drop deeper given the high selling interest in the market. At the moment it may not be too risky to buy if the goal is a long term investment, but in the short term I think the risk is higher due to price volatility. Opportunities for profit definitely exist if you can really apply good strategy and analysis to trade, but of course you can't set high targets right now.

Buy the dips and consider accumulating as much assets as you can afford, this will be profitable in the long run but you should ignore market volatility to maximize profits. This may sound easy, but it will definitely be difficult to stay consistent especially due to the lack of experience. You and I are in the same position right now, looking forward to opportunities and making the most of them.

There's really no problem if you have manage to store a lot of funds just to buy bitcoin when its price is dipping. But make sure you will be holding your patience for long as there may be chances that bitcoin price could drop more which i think the best time to buy. Some have waited for that before they start buying while others have been buying already when the market starts to dip. But as long as you are for long term hodling, even if bitcoin price continues to drop, you won't be bothered anymore.

If history repeats, we will be seeing more low prices for bitcoin so its definitely a big break for all of us as we have been waiting for this to happen. The reason why we should always know when to best buy as it can offer us more discounts which means we will buying a lot of bitcoin at a more cheap value. While we keep waiting for the best price for bitcoin, others may have jump to conclusion and buy early thinking that bitcoin price won't fall after that. For me, its never a problem as long as they know how to hold them, but it would be better opportunities if we always end up buying at its best and lowest price.