Bitcoin Forum

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

Bitcoin has decreased significantly. It was bull market before, then followed by a significantly bear market. What next after a significant bear market? Bull market would follow.

To achieve the result of full bull market may take time, you can also hold for long.

We have no statistics to refer to that but obviously, there are always buying at any given price. On how strong the buy is, you can check the buy orders at some trading platforms and from there, try to make a conclusion on what's going on.

If you are in that situation where you are still confused about what to do, you need to have the guts to decide to buy at the current price.

It's regrettable to see the price is climbing up again and you will be left with the concern, "if only I buy at the lower price".

People who buy are always there in every market condition, including in conditions like today. Because everyone has different thoughts on this matter and obviously not everyone basically has the same thoughts as what you think at the moment about buying cheaply.

And if you're talking about people who put their cash into Bitcoin through any exchange to buy Bitcoin with their means. I think it exists because some people who have known about how Bitcoin has moved in the past will definitely take advantage of the opportunity at this time to buy more Bitcoin before Bitcoin is at a higher price or at a price that they might find difficult to reach with their limited money.

There must be someone out there willing to risk thinking this is the bottom of the bear. The price holds for a long time in this range actually so there is a chance that this could be the bottom.

The weekly chart shows it's at the bottom. The alarming part is what is happening to parts of the world like there in Russia, US, EU, and China because anything that will suddenly happens can affect investments.

Strategy wise there are likely swing traders betting on a bear trap or a reversal right about now (and both are not that unlikely imo). We could see $21-22k again before going lower, if we go lower.


I did think it was weird how quickly a lot of orders move on crypto exchanges now, especially a few weeks ago when I was looking at them - it seems a lot faster than your standard bear market in my experience. The volume looks pretty optimistic and for the price to have been sustained here for so long like someone said, there's a decent number of buyers optimistic about bitcoin in the short term (we were at a pivotal price point a few days ago and bitcoin seems to have started going higher since - for now).

After the FOMC I am pretty sure we will go lower. No idea how much but we will retest the yearly low most likely.

This is due to the fact that bond yields have risen alot in the past 2 days and the stock market looks like its about to retest the yearly low also. Since they are closely correlated so will most crypto assets.

It will be like this until the next CPI report most likely. Or maybe if the unemployment numbers are weak.

I can say that there are Bitcoin purchases as you mean. If small purchases do not fall into the category you are referring to, do Bitcoin purchases such as those made by MicroStrategy fall into the category of purchases you are referring to? because they just bought 301 Bitcoins in addition as Michael Saylor said.

No one can be sure or predict that the decline that occurs is the lowest, it is best to buy every drop that occurs to gradually grow ownership each time there is a decline.
and maybe some people buy at once in large quantities when assessing the right price for him, and whatever the decision and plan as long as buying it at the lowest price below 50% of the highest price and for the long term I think there is no problem and also a good decision.

In my case, not yet, but I am thinking about it. I do DCA and I think that times like this are good to buy because we should be close to the bottom. The $20k has proven to be a strong support, because when we have gone below that mark we have not been slow to go back up. 

Although I would not rule out that as the situation stands, with the Fed's policies that have severely affected the stock market (although bitcoin remains around $20k) and that will cause unemployment and deepen the recession; the price of bitcoin will fall below $17k.

If that happens, I'm going to do some extra buying.

If according to analysis and history from the previous year October was a bull market, but it all comes back to yourself because your money is yours, investing in bitcoin should be in the long term

You've done well by clarifying that your question is towards the holders as it will help in answering properly based on the reduced risk of holding compared to future trading and others.

Although Bitcoin is still bearish on the long-term trend, yet, it can't do much more in selling anymore. If it has not bottomed for the year at the low of June at $17625.00 yet, it would only do a little by pressing lower the level as buyers are piling up at the bottom and lower prices from it.

In a nutshell, it will not be harmful to begin buying Bitcoin at the current level as the risk to its holders is minimal.

I'm still buying despite me thinking that our economic situation is totally shite. I'm not really going big on purchases though, as me buying in this market is just me hedging the fact that I could definitely be very wrong for being short-mid term bearish. Just a heads up that you shouldn't go all in on one side of a trade — always hedge.

As a seasoned or professional investor, no one will take the time to figure out what is the lowest price and what is the highest price, because they know it's impossible. Once bitcoin price drops below 50% or 70% it will be a good time to start shopping and no one buys a large amount of bitcoins at once they will always implement the DCA strategy.

There are still some people who wait to buy in bulk once, because they are confident in their analysis, but this is not a wise strategy because the market is very unpredictable. You see even big whales buy using DCA strategy, as MicroStrategy recently announced to buy more bitcoin at $19.8k, shows that no one dares to assert anything in this market.

If we are not at the bottom, we are very close to the bottom, and in nights, buying at the moment is not considered a long-term risk, prices such as 12 thousand and 17 thousand will all make profits if Bitcoin rises to levels above 100 thousand dollars.
In the short term, a purchase of 15% to 30% will not hurt.

I bought it when it hit $18k yesterday and am still keeping it to this day because I think it will go up to another $20k. I think some people will buy at various prices, especially when the price drops drastically and these are the people have been serious about investing in bitcoin for a long time. We have to pay attention to how much money we want to use to invest in bitcoin and we should be able to buy at a low price. As long as your goal of investing in bitcoin is for the long term, you don't need to panic about the rise and fall of bitcoin prices because, in the future, bitcoin prices will rise high.

Smart investors are mostly buying in the range of $18k. It's as close to the lower lows we have seen this year ($17,500), so at $18k-$19k is a good buying point.


As I have said, this might be the case, we are down like -60% from our all time high, so you can accumulate at this price buy in bulk and simply hold. There's nothing wrong with DCA though, I guess it's depends on how we wanted to purchase. But in the end, there is nothing wrong to buy at this price. You can also buy when the price hits $15k or even lower.

There will be no news in regards with Feds and inflation on US so there will be room for relief on buying Bitcoin. It’s advisable to DCA now if you plan to accumulate on this bear market because the price might pump again above 20K on the end of the month because that will the closing of monthly candle while we are still red right now. Closing the monthly candle on above middle part is always happening at the end of the month to fill the gap for the next month candle.

I think we can only see lower lows on Bitcoin price next month and not on the last week of the month because there’s no source of bad news that can drive the price down again like inflation.

That’s why it’s good to monitor or keep record of all the buy and sell we do during this bear market. I make sure to buy some BTC as much as possible until the price rise again. I record the price I bought some of BTC for future reference. We know the price might take long to rise again but atleast I’ll be able to know if I’m fine to sell that BTC in a certain amount.

The market is currently unstable sometimes today up 2% tomorrow down 1.5%, many crypto experts and crypto users are speculating at this time, considering the market is difficult to predict, I once read in one source about investing and buying crypto in 2022/23.

From what I read, I understand and judge, many crypto users are currently buying Bitcoin at $19k, but they are not buying all of them, they believe Bitcoin hasn't bottomed out yet and they will buy again when Bitcoin really is at its lowest, bottom line: they are investing and buying Bitcoin right now, hoping Bitcoin can hit $60-70k in the next few years, for that in this case the conclusion: to buy Bitcoin is currently up to the user himself, sure do, not sure don't buy, which is clear if you target the price of Bitcoin to the level of $60-70k it might be a good consideration.

There is nothing wrong with buying some quantity at the current price as our target is long term and bitcoin price has fallen a lot from ATH, possibly very close to the bottom. But that wouldn't be the best idea, because if bitcoin keeps dropping to 15k as you assume we won't have a chance to buy bitcoin at a better price because we already spent all our money buying it at price $19k. DCA is to help us optimize profits as well as limit risks in the best way, so it is always considered the best strategy in every bearish cycle.

I may be wrong, but it doesn't seem to me that any of the big ones are seriously buying, although of course there are ways for them to do it quietly in the background without affecting the price too much. They, like most of us, know that we can't be sure if we've hit the bottom, and they also know that until now the big bull runs have always come after the halving - so it's logical that there's a lot of caution about whether now is the right time or not.

For small investors who buy for a few hundred $ it doesn't really make too much of a difference if they buy now or if they wait until the price drops 20% or more, but for those who buy hundreds or thousands of Bitcoins the amount of money they can save is far greater. I think the price speaks the most, the supply is far greater than the demand, and inflation is forcing more and more people to sell what they have been collecting for years.

Yes, only smart people that currently keep buying Bitcoin right now because it's still get a discount. Stupid people will scared and keep asking when Bitcoin will reach the bottom, just like you created this thread.

We're currently suffering from high inflation, the value of our fiat will continue to decrease. If anyone have idle money to invest, why they're not convert their fiat to Bitcoin? also to reduce the risk, they can do averaging down until Bitcoin hit the bottom.

It doesn't matter in which ever way that one buys bitcoin, the end point is that they are buying bitcoin.  What you call small bitcoin purchases might be big one for people and what you call large amount could be small for others. That is just the difference between you and micro strategy.

Here is the bottom, buy, buy and buy, there is no regrets. Which other bottom are we looking at or are we looking for? Even if bitcoin will go to 15k, the difference is not much again from where we are now. Even if it's going to 10k, we are still in same region, do do not be decieved, buy bitcoin.

Cant estimate a bottom price confidentially when the Dollar is trending into higher values continually.  BTC managing to maintain levels under pressure I find relatively bullish but it wont be obvious till negative pressure from the Dollar abates.
   For a currency of trillions traded globally, to see this amount of movement so rapidly within a week is quite remarkable:
https://talkimg.com/images/2023/06/12/AIkoc.png

Since the June low for BTC the other side of the equation in dollar has been gaining over 10%, this helps to suppress any nominal gains in BTC.  It might be a clearer picture in other currencies outside of dollar which are not gaining or changing value so often.

Buy now or later doesn't really matter, but since bitcoin price is currently in a bearish phase since late last year, then I think buying now is advisable. In my opinion, this is the right time to accumulate if you want to invest in the long term. But do a DCA as the current price may drop deeper even when you see the market recovery taking place for some time.

If you are really serious about bitcoin investment, then you should take advantage of this downtrend for your long term investment. This means you can make a purchase, but always consider some good strategies and only do it for the amount you can afford to lose.

I'm buying weekly at the moment.  Under $20K to me seems like an opportunity.  I'm even considering buying back in with the BTC I sold at much higher levels.  I don't want to because that's not what I cashed it out for, but if we take another leg down into the $13K range, it will be difficult for me to hold onto my cash. 

I don't know what the ultimate bottom will be, but I do believe fairly strongly that the 2025 high is going to be significantly higher than the 2022 low.  A guessing man might say as much as 20x higher.

Why will they buy now if they think we are close to the bottom? I mean they can just wait for the actual bottom and have a better discount but I don't think we are going down. What im only seeing right now is another recovery. Sooner or later we are above 20k dollars again. Bitcoin is volatile so after reaching a certain price point, it's always possible for btc to move again in another direction.

Some of those who do dollar cost averaging are also using a fiat/cash to buy a bitcoin. For those who don't do dca they can buy btc now because they are buying rarely and who knows, the next time they have a large fund again, btc may not be this cheap.

people who buy bitcoins more now is the people who knows the techniques of cryptocurrency. No things someone being stupid for investment, because investing in Bitcoin is base on your choice of understanding the market and your target of investing in cryptocurrency, some people condensed so low to know that the best time someone can invest cryptocurrency is during the dip market. And anyone who's new for cryptocurrency investment will not like to buy during the dip market, because of it's understanding of the market. I believe that people who buy now is the people that passed this experience before, and they have target of buying now. Some of the investors do buy to hodl for long term, and some of investors too do buy and resell to make a small quantity of profit, any investor most be scared of investment because it don't want to fall into lost

I am. I mean I haven't in a while because I just made a huge debt for myself and it is going to take until December to pay them off so I won't be able to buy anytime soon. But I bought it at these levels before, and I would have right now if I had any money.

I was thinking about maybe taking a bank loan, nothing big like maybe a thousand dollars, and put the debt into smaller pieces, like 50 bucks a month type of deal for 24 months or whatever, and that way I would be able to both pay that back, and would not have to rush. Either pay it back until December with huge amounts and get rid of it and buy more crypto with leftovers, or pay until December and be rid of debt.

The bear season is definitely the best time to buy, its either you buy all in or do DCA, it's up to you. What is important is that you never let this opportunities make you regret in the end. So if you want not to repeat the same mistakes again and up regretting, then better don't be late in buying cheap bitcoin and established altcoins. Regardless if we are near to the bottom or not, what is important is that we were able to store a lot of promising coins before the bull run hits the market.

I bought last week when it was $19k thinking that it can't get lower than that. Totally forgot about bitcoin prices and just recently checked and I'm tempted to make another purchase. At this point, the price is very appealing and I'm considering to go crazy and do a large purchase as the bears have been testing to break $19k and $18k but with no luck. Besides. most of what I'll be buying would be kept in a cold storage anyway so I wouldn't mind if it goes lower than my entry price. I wouldn't sell at a loss and I'd rather play the waiting game than to stress myself on the price.

If we study Bitcoin well and understand how Bitcoin works, there is definitely no delay in buying Bitcoin. Because thinking too much about when
the price of Bitcoin is lowest, in the end it will only prevent us from buying Bitcoin. However, no one can know what the lowest Bitcoin price will be
this year, so stop thinking about the lowest Bitcoin price. Like you said inflation is getting higher, so a profitable decision if we convert our fiat
into Bitcoin. Instead, I invest in bank products, which only pay a small interest, and the fiat value continues to decline due to inflation. Investing in
Bitcoin is something we must do as soon as possible and don't delay, the more we delay buying Bitcoin we will regret it the more we missed buying
Bitcoin at a low price.

Anything below $20.000 sounds like an opportunity, considering that its ATH was over $69.000. However, to answer OP's question, judging by the increasing inflation and the upcoming recession we're yet to fully experience, I would expect Bitcoin to crash even further in the upcoming months. If you intend to hold for the long term, it's simply a matter of increasing your yield in a few years. I expect the situation to improve after 2024, which is depressing when you think about it. It sounds so far from now, and no one knows what will have happened by then. All assets are going to face major losses due to the recession. Even the S&P 500 index has been severely affected.

Until then, accumulating Bitcoin sounds like the wisest option.

I have no doubts that the whales are buying a lot of bitcoin right now because the price is simply too cheap to ignore, and in my particular case I am buying the bitcoin that I can, but it is not like I can afford to buy huge amounts of bitcoin at the moment.

So even if it is not really my intention the amount of bitcoin that I am buying has the effect of creating some sort of dollar cost averaging strategy, however I can do this not only because I think the price is very low already but also because even if the price were to crash once again I will not sell my coins no matter what, so I can buy the bitcoin that I can with impunity.

There really isn’t that many people that are entering crypto right now. Most are leaving. There is no new money coming in. Same with stocks. Why risk your money when you can get almost 5% risk free with bonds.

People are just pumping alts like Luna, XRP and Doge and then dumping them quickly before they start to lose money. Going to be a tough winter until macro conditions improve.

I am following your steps in buying as much BTC as possible at this time because the current price is a price that makes sense to me. But if the price drops again, I'll also make sure to buy it again because that's my next discount. At least we can still try to have more BTC and when the price starts to increase and the rally comes again, we will see what percentage of profit we will get. But in buying bitcoin, we must see and manage the amount of funds we use and do not immediately use most of the money to buy at one time.

I regularly buy in so that my wallet increases, but with the dips recently I have been buying in more sometimes. It's pretty irregular though, but it's not to the point where I'd call it buying it all in. I'd highly avoid doing that even if you consider at one point that it's the bottom, proper risk management should always be done imo.

On the topic of dip, if it goes down below $18 again I might just buy more. Every dip right now seems like an opportunity after all.

I agree with most people here that buying right now couldn't hurt, I mean sure you could still go little lower, thats not impossible but I honestly feel like how low could it get anyway? So its always a good idea to buy some more, and right now its not DCA time, like if you have any money, buy with all of it right now if its not going to bother you because it may end up going up from here so its smarter to just end up with a good return if you buy with it right now. Plus dollar is getting less and less valuable each day, it doesn't make sense to keep it there, no reverse on that, bitcoin could at least go up.

Hard to really know where the bottom is, btc has been on an up and down movement these past days which makes it difficult to determine if we are really close or at the bottom or if there is the possibility it will go even lower. 
I have read several other info claiming 2023 will be more crucial for btc as a result of high interest rate, if that will happen then i doubt we are close or have seen the bottom yet.
I think many people are just waiting on the sideline hoping to see it go even lower as many have predicted it will be.

i'm not buying right now, but i also bought a lot of bitcoin when it hit $18k in june, i have to say think it was close to bottoming out and i bought a lot at the time. but looking at the current market, bitcoin price is not going to recover anytime soon and we will most likely have new lows during this bear season
i will continue to buy bitcoin if its price drops below what i bought it before, at the current price drop i am still not interested in it

I would like to know what someone is counting on when they think about a x20 price increase after the next halving, especially if we take into account that the last halving did not even increase the price by x3? If we assume that the average price during this bear market will be around $20k and that it will be the starting price for a future bull run, I would not say that anything above x10 is realistic to expect, although I would never claim that it is impossible.

If history repeats itself, then anyone who invests today, even in the worst-case scenario, should profit at least x5, and that is a more than excellent opportunity for 2-3 years of investment.

Really, not sure why people who have been waiting for good buyins are afraid of now.

If you are in this for the next cycle, what is the worst that could happen even if we revisit 2020 lows of sub 4k? I buy now and I lose, temporarily up to 80% value over the mext couple of years running up to new ATH.

Best case scenario and we are near or at the bottom and then when do we panic fomo buy? 25k? 30k? But if we did not budge now sub 19k, why wouldn't we fear 25/30 as bull traps?

Still cannot understand why people stress if they really want and believe in Bitcoin for the long term...

@buwaytress, it is not so much a problem in the price, but a much bigger problem is that most people do not believe in Bitcoin in order to invest in the long term. I believe that the majority will still wait as close as possible to the halving, and as always, they will start investing on the wave of some new FOMO. If I were to ask people the question of choosing between 2 possible scenarios when it comes to investing in Bitcoin - the first would be to invest now, wait at least 2-3 years and then sell, and the second would be to wait until the bull run starts and then sell in the next 2-3 months.

It seems to me that the latter is the option that many would choose and I can't say that I don't understand that way of thinking, although long-term investing is always more profitable, at least when it comes to Bitcoin. Of course, this may be true for those who do not look at Bitcoin exclusively through the prism of profit, but also some kind of personal financial sovereignty.

There are millions of people out there that are buying because they think that the price is close to bottom and wants to maximize their profits. And then there are people out there that are buying because they can afford to buy and "lose" their money. They don't care  what the current price is. But they both are willing to hold long term.

Why is it important to you if people are buying now or not? As long as you can afford to invest and willing to hold them, just invest and keep holding till you reach your profit goals. No need to wait for the bottom. No one can accurately predict when the bottom is!

It's never known how low the price of bitcoin will be, maybe for the current price or maybe it will drop again to $15k/$10k it's really hard to guess, but if we are planning on long term investments many say now it's more appropriate to buy instead of waiting for the price to be uncertain whether it will go down or up, one way is to have the courage to take any decisions never to be seen from how much the price moves it will be difficult to predict, in 2023 it will be better according to what is predicted.

Why would you bulk buy some BTC when you could just buy whenever you have some extra money? If you think you just need to buy because it's near in the ATH, that's so wrong since you are making yourself to get the less profit once it goes down. Instead of waiting for the right time to buy some BTC, you can start accumulating even small sats of BTC if you have the money since the important part is how you buy cheaper price of Bitcoin instead of waiting for the expensive one when it's near in the bull market.

Every day you can see people buying and selling their Bitcoins. If you are asking anyone is buying right now? Even during the bull season, buying events existed, it much more during the bear season, therefore, the answer is YES. In fact, in the past few days, Microstrategy is purchasing a huge amount of Bitcoin that even gets the attention to the community, and for sure some small market players are also doing this.

Yeah, I'm beginning to notice that the real holders actually are very much older people OR people who got in extremely early and have just been selling to improve their lives, keeping as much as possible and reupping after ATHs. Your take also matches with what I believe to be true, and this is from personal circumstantial evidence but the newer investors are really just speculators in disguise I'd say. And their actual utility (using Bitcoin to pay for stuff, etc.) tends to correlate with that behaviour.

Some traders have short term goals for the upside while they are aware that in the longer run it may go lower again.

I believe btc will go towards $12K and stay there for half a year. Then we're ready for the upside again.

Traders buy for a daily or a weekly view, holding a trade over a weekend for example would be unusual because of the risks increasing on Friday and Monday partly.   Crypto might be different but not that different, the flow of dollars alters all other prices.

Both 2 day and weekly average are aligned.   I think we have a triangle formation, a declining one.    A holder is quite reasonable to buy here imo, it must be freely held capital not a trade to say that.

I think a lot of people are still buying bitcoins, especially if the price can drop further. Most of those people still have a lot of money to buy bitcoins. As long as you can analyze when you can start buying, you will have more opportunities to buy when the decline occurs. Some traders buy when there is a decline and sell when there is an increase. This can be profitable for them, especially if the price can increase higher than the purchase price.

He already have the money but he is waiting for the bottom price. His wish might seem hard to achieve because we don't know if the price will return to its last bottom or not. The best thing that he can do is to just buy something using a portion of his money so that he still have a money left in case the price dips more.

Each of us has our own signal if when we will buy and maybe others will start buying once they think the ath or the bull run is near. I think there is nothing wrong with that but what could be wrong is when someone buys at the peak of the bull run. As for @fzkto he already said that he want to buy at the lowest possible price.

I think we are now hitting the lowest price of bitcoin, at least for this year. I believe, it will start to pump up starting next month or November then gradually go down again. It is not a new all-time high pump, but it would still be higher than what we are seeing right now. If I am right, it is usually at this time of the year that it starts to have a mini pump.

Though I might be wrong, this is a good time to buy some bitcoin especially if you are not the type of person who wants to cost average.

I believe though that cost averaging is still the best approach to accumulating bitcoin. Then just purchase more when the price takes an extra dip.

It's really difficult to make this a certainty because as you said things like this are difficult to be sure even with the research that has been done and all have their own standards, but we can also wait for false things in the end.
It's true that buying at the lowest price is a good thing but while you can still pay in installments why not because it's also not a bad decision.

Of course there are, in fact you can expect a lot of people to buy on every dips for the purpose of holding on in the long term. People take every opportunity to make a profit, it's not only taken advantage of by long term investors because maybe day traders or others can also take advantage of it in the short term.

You can expect some big investors to also have a good understanding of when they should buy bitcoin. Buy on dips is a good strategy for the long term and you should believe they are serious investors about this. Then from that, you can also buy bitcoin at any price so far as long as you understand the risks and can afford to lose.

I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

Some people will act as you do and only buy when they have the funds.
I think we can use your method because we must adjust it with our funds.
But it would be better if you have funds and can buy when a red candle appears on the market to buy more bitcoins.
And if you keep at it, you can accumulate a certain amount of bitcoin that will be ready to be sold at a high price.

Sure, past performance is no guarantee of future results, but it's nice to imagine that the price of Bitcoin will eventually reach the skies again and we'll all be more than well-rewarded if we've bought in anywhere near the bottom over the past couple of months or so. The only thing certain at this point is that anyone who has bought over these past months is in better shape than someone who bought in at the top of the market.

If you're already in, great. Just hodl through it, and things will get better. It's a long road, but the good days will come back eventually. If you're going to invest in any asset, do your research and be brave. That is how smart investors make money. Be patient, watch the trends and study what has happened historically.

We don't know yet if the red candle appears will be the lowest point or best position to enter since there are cases that the price would dump for more harder that's why we need to take action depends on the condition of the market and eliminate the fear since sometimes we will miss the opportunity if we continue to get afraid if huge dump came from certain coins. Maybe at some point if heavy red candle came that's the best time to enter and came short to gain since I think trading is much safer than doing long on bear market season.

the problem with your strategy is that you can buy and the price drops considerably, of course if you are going to hodl in the long term it may not be of great importance to you, but from the point of view of maximizing profits the ideal is always to be able to buy the lowest possible and selling as high as possible, so even being able to buy at the bottom and sell there at the top is the most ideal, but it is a difficult task to know where the bottom is, so the person can choose to buy when the price fall a lot touch some very strong support, something like buy at 17500$ to 18000$ and then if the price drops below 17000$, buy again at 14000$ or if it falls below 14000$, buy at 10,000$, that is different to buy whenever you have money ignoring strong supports or the bottom

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OP, I think people are buying because they believe that $17500 is the bottom and even if it drops below $17000 while people are long-term buying the price would easily go back to $17500 and go higher so it is a good move to buy now

Nobody knows the lowest price of Bitcoin, Bitcoin may still drop even lower and some people even believe Bitcoin could drop to $10k. It's scary if
it really happened, but on the other hand there is a possibility that the Bitcoin price will recover soon and could rise to as high as $30k. No one
can be sure which one is right, than we are confused about it and we end up delaying buying Bitcoin. My better advice is to buy Bitcoin
gradually, meaning that every time the Bitcoin price goes down we will buy Bitcoin. Then after buying Bitcoin we will hold Bitcoin until the target
we want is achieved, for Bitcoin and some of the top altcoins long term holding is better than trading. But for new projects it is better to use it
for short-term trading, because new projects are very risky, the price will drops drastically if holding for too long.

At the currently stage, Maybe people are tired of seeing the constant decline in btc's price to keep purchasing on every dip thinking it's going to be the last one. Who invested a lot in bitcoin when the prince retracted to 40,000$, 30,000$ and 20,000$ won't have funds to continue investing every time bitcoin loses another support position, with the exception of whales who can manipulate the market, especially if bitcoin becomes too cheap.

I believe investors who aren't trading and think on long term are simply waiting at this point to see what is going to happen next in crypto world.

Even if i think this is the bottom ? yet i wont deposit or convert everything in one basket , I have learn my lesson in this market and that is never to set in single coin , better to diversify at least the 30-40% of your total capital than just in all bitcoin.
it is not that I don't trust this coin but this is how i see the market for years that I'm dealing here.
though I have nothing to convert now because all of my funds are in Holding and just waiting for the blow to sell out.

but at least we are now standing above 20k in which i think  a safest place for the investors, and looking at the bottom seems to be hard to see in any moment from now.

If we will keep looking for the biggest profit then we will not going anywhere because this volatile market will keep bringing the different ways, try to look at smaller but safer investments.

We can't predict whether this state is already at the bottom there is an economic crisis as inflation and war are still happening. It's still hard to determine when will people start to invest in crypto again. So taking a small profit from trading can help with everyday needs. But if we still have some sideline that can sustain our needs and buy extra crypto then do it but to those who is still holding their BTC better keep waiting before we sell it. Time will come that the market will recover.

I don't have reliable data that would provide support to my guess that there must be many people who are doing their best to gather as much funds as possible in order to take advantage of cheap Bitcoin. There are of course people on social media who are sharing that they are buying Bitcoin. Even Michael Saylor's Microstrategy has also shared that they are actually buying more Bitcoins during this bear season. So I think there really are people who believe that Bitcoin has already bottomed.

Diversifying in what, another altcoin? You are very wrong if you think that you are diversifying just because you are buying other coins other than bitcoin, because all of those altcoin prices depend derectly on bitcoin performance. So when bitcoin goes up, they go up as well, and when bitcoin goes down, they go down even more.

If you really want to diversify your portfolio (which is not a bad thing btw), at least invest in something else that is not heavily corelated and affected by bitcoin price movement, like precious metals, land etc.


If you should have learned anything during those few years, its that bitcoin outperforms all of the other coins/tokens.

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To answer OP, yes I am currently buying but not because I think that we are close to bottom but because I am using DCA investment method. And yeah, I don't think that it makes much sense to try time the bottom and then buy as its almost impossible. You may get lucky though, but that's all that it is, pure luck.

This is not unreasonable to believe. This level ($18k-$20k) is likely to be a reliable level when Bitcoin is down 71% from it's ATH and there is enough utility to buy Bitcoin from this position. Truly say many are buying at the moment and many are waiting for more dip. In this regard there are some whale buyers who are collecting bitcoins without any noise.

The scenario from my perspective is that Bitcoin does not have bottom, at any point in time of Bitcoin falling it's the exact point of it's bottom, because, the bottom might come Three times before the year might run to the end, i believe that waiting for the before we can purchase bitcoins it's a wrong conception from my understanding of the market nature. If you want to buy Bitcoin don't listen to the news bottom, because waiting for the bottom, bitcoin can accelerate without a delay

At the end of the day we need to take a decision about whether or not we should buy bitcoin, it is easy to think that we should wait for the bottom before we buy bitcoin, but there are several problems with that.

To begin with it is impossible to know where the bottom is exactly going to be, which means that you could buy bitcoin thinking that its current level is the bottom only for you to be mistaken about this prediction, and if that happens then what are you going to do? Because that was not part of your plan, do you sell or do you keep holding? That hypothetical scenario should show us why trying to find the bottom is useless and why we need to buy bitcoin whenever we feel comfortable doing it.

Yeah thats me , I kept  my funds at least semi long term or will never decide to sell in losses , have been in this strategy for years though at one point when there is a emergency needs for funds? yeah i did sell my coins at small losses but did a recovery in the next year come.

If you sell assets because of an emergency need or need funds suddenly, I don't think it's a mistake even though there must be a small loss to be borne. Because the important needs for life are the main things that must be met before meeting other needs. So you actually don't make a mistake by selling a small loss because you can still get a recovery in the next year on the remaining assets you have.

I think now is the best time to invest bitcoin, the price below $20k is the bottom so if we don't buy now then we can only see other people making big profits, with the increasing number of communities making bitcoin explode anytime.

Buying at this price is good. The best thing to do is scalping, because even if the price makes a drop we'll be able to book our buying at the best price. It is good to make use of every market fluctuation to increase the holding. Because we're in the bear market and the upcoming bull move will surely make a good change in one's portfolio.

Well, it is not a question if people buy because of thinking about the bottom is coming but certainly, because they are thinking that this is an opportunity. Perhaps, the idea that we have been using before "buy low and sell high" is really effective and obviously, this is what we applied.
It is people simply think that buying today will give them profit when the market is in bullish again. And it was a mindset now, especially for long-term investors and have an experience in the pass bull season.

The current bitcoin value is still tempting to buy more and hold more for long term. That’s what most of the potential investors are doing right now or they keep on DCAing once they witness another price decline for bitcoin. And for me, this is a much better idea so you can create 5x or 10x profits when the bullish trend starts to appear in the market. Just grab whenever there are opportunities to buy and you’ll always be thankful in the future.

Those which are always hoping for the price of bitcoin to go down a little bit more before they buy are the ones which rarely do so.

At hearth they are afraid to make a mistake and buy bitcoin when its price is too high, so they hide behind this pretense they are waiting for the price of bitcoin to go any lower to buy it to hide their indecision, the current price of bitcoin is a great entry point and most of those which refuse to take advantage of it will regret it in the future.

Actually cryptocurrency is good to buy when the price is extremely low for the the beginners, but for the old investors knows exactly when is due period to purchase or buy any cryptocurrency, indecencies that they have practice it for long periods of time, so i believe that venturing into cryptocurrency market it needs to scrutinized very well to avoid the disadvantages that is involved into it, so I'm recapitulating that the best time to buy cryptocurrency for long term investment is during the dip market

Everyone always thinks that the price going back up whenever the price hitiing its lowest point of certain time span , where actually it could be a trap bull ... beware just beware , people tend to get tricked by these market situations ..

Instead bouncing back ... we could dig our own grave really deep.

Though others are truly looking for the entering at the lowest price yet? what I  do believe is that there is no much better than to buy and HODL?

at least long term is what will save us all from losing in this kind of market , volatility really shows more now than being stable but at least if we will trust our instinct and holding? then yeah just but coins and keep it inside your pocket for a while.

Why do you even think so? Not every time there is demand and supply in the market, it will always make the price of any asset unstable and tend to change or in other words, decrease and increase. Because the decrease and increase are always very close like the ups and downs or like the day and night that are always there every day one after another. So what makes you think we can dig our own graves so deep?

We know that bitcoin price prediction is impossible and just looking at the current price bitcoin is down about 60-70% from its ATH it can be said that this is a good price to start buying. Maybe there will be other drops but maybe we have bottomed out, who knows?  Don't try to find where is the lowest bottom, it won't work, you can buy anytime as long as you find that price matches your target then you can buy.

The general expectation is that the next bull market will come after next halving year which will be in 2025. Halving is expected to take place in 2024. From observation, Bitcoin usually begins it's rally from the last quarters of the year preceding the halving year and then gets to a crescendo the year after halving. I saw that happen in 2017 after halving in 2016 and then in 2021 after halving in 2020. I do not see the next rally any different from what precedence we already have.

There are so many people who say "I wish I bought bitcoin when it was lower" when the price reaches the peak, and when it is at the bottom like right now, they are nowhere to be found. This is the price they talked about, if they buy right now that means they are going to end up with a good result in the long run but they won't and that’s the trouble.

We should be buying right now when the price goes down, and right now it’s the bottom and they should be buying and we would be profiting at the end. Price will eventually go up again, I do not see a scenario where it would be staying low forever, as we all know bitcoin will go up, and that’s the importance.

Those people do not really understand the concept of risk management, they look at a chart and see the previous bottom and top and they hope to both buy and sell respectively at the optimal spot for them in the future, and this is simply not possible.

Anyone buying right now is taking a risk, since the price could always go down even further, but it is a calculated risk as there is not a lot of room for the price of bitcoin to keep going down, while the upside potential during the next bull run is massive, so it is easy for us to take the decision to buy now as the risk is at a very acceptable range.

Yes I bought it during the recent bitcoin price drop because I thought the lowest bitcoin price would stay in the $17k-$18k area until the end of the year but I bought it gradually because using this method maybe we can get a lower price if the price suddenly drops deeper so I will still have the capital to buy it again at every low price by applying that method.

There is nothing impossible to predict in the price of Bitcoin, I do this more accurately most times, it's all about speculating through the right means. You might use the economic and/or technical analysis that is good enough for you with a high degree of success. And based on my last analysis of long-term disposition, Bitcoin has been bearish this year and still remains in the bearish outlook on the larger charts but might have also bottomed for the year at $17625.00.

It is however good for aggressive holders to be buying the coin now, but I must advise them to opt-out if $17625.00 is breached lower as it might trigger more bearish reactions afterwards.

Plenty of signs are popping up that we are at or near the bottom.  Is this the absolute bottom?  Maybe not.  I personally think that we're more like the $6K range in 2018, but with futures playing a role in the market now it may be "different this time."  Still, the timing of the 4 year cycle is screaming that we're at the bottom, as well as several charts I keep seeing posted around social media.  I am in the camp that it's time to be buying and if it dips down to $12K, I'll be buying more and advising others to do the same.  I think the risk/reward scenario currently being shown by the market says that now is a good time to be buying, regardless if we hit $12K in the near future or not.

If you aim for huge profits in the future, of course you will take the risk investing in this bear market because it would be the best entry for investments. So buying bitcoin and long term hodling is the best thing to do because when the bull market turns over, it’s always bitcoin that will surge high and skyrocket compared to altcoins in the market because they simply follow the path of bitcoin.

Just to have some common sense then on what time or moment you would be considering on buying? When the market is going on ATH's? Its never been a sensible thing to be done.
Of course we would really be finding the cheapest price as possible and we could only make this these or decide to buy when the market is on bear mode or on dumping state which
we could really able to utilize these market conditions for us to get in on the cheapest price as possible.Once the market do make out some recovery then profit making
would be the next one. Believing of possible bottom? Majority been eyeing on 12-14k but it seems we arent that going that low.

as long as you can do a weekly dca move all of nov and dec and of course oct.

Ie 2 + 4 + 5= 11 buys a week apart. should be decent enough.

Me I am buying mining gear (s19s) and US I bonds at 9.62%

There are always opportunities every time the market value drops as it’s the perfect time to buy and hold for future profits. So it’s not a surprise if people will come into the market and increase their investments because they always look for long term profiting. And if you aim for that, now is the best time to invest and just hold your patience and always be motivated with positivity because that will help you to get through throughout the bearish market.

One thing that will push Bitcoin price to the top is not just the demand or supply but it's the halving cycle of coin and when the whale started to make a move that's the time hoarders will start to FOMO that would basically create a pump/surge in the market. But for now, it's not yet the right time to sell and people should buy now instead of waiting the bull market to kick in if they want to invest for long term. Waiting for this chance to buy a cheaper price isn't always present but it's always in the market longer than the bull run so how come people won't buy now instead they buy during the bull surge?

of course that emergency comes from time to time but at least we must have extra  funds standby so in this cases we have something to take on though limitation is there so in time of bigger needs then yes its ok to sell some or even all but must be ready to buy again once there are available funds to risk again.
it is 60-70% drop and yes this can be acted rightful by buying now instead of feeling sorry for our losses because of drops.

I don't buy because this is close to bottom , but I am buying because I believe i will earn in the future , and also I know that I have enough funds to risk now.

the funds I have available are the extra money I earned in my outside job so there is nothing to lose at all.

At first sight, what you say is paradoxical, because if you believe that what you buy now will give you returns in the future, it is because it is cheap now in relation to future prices.

I also accumulate now. In fact, people with money know that these bear markets are the best times to buy. The price has been for a long time in the area between 17 and 22,000 USD, which for me indicates strong support, and in the medium term we can only go up.

Yes it is , but i am here tobuy and not to expect earning at least this soon , I mean I trust to be profiting but in the long term things that I believe different from what OP is pointing.
indeed, the lowest we had since the last Year ATH so buying now is much safer compared to the prices in the beginning of this year or the next.

If i were to buy , I will still choose the bottom and I believe that this is one of the best timing now , price are truly at low comparing to what we had in the last year Bull market.

Maybe seeing this opportunity will add flavor to our strategy , Buy low and sell high.

Bull trap is not new to us, and maybe newbies also have learned from it as well. But since bull trap is quite inevitable, then doing DCA would be the best thing to do. We can always accumulate coins every time the price drops. And since we are still facing the bear season, then it’s always a good opportunity to buy this time and hold them for long term profits.

For those who had real market experience on long time basis then for sure these small increase increments arent something that looks interesting into our eyes.For those who had bought on 18k price point then selling

on the current price wont really be that a bad idea.Lets not just make ourselves believe that this is the beginning of the bullrun, if it does then its good but if not then you should make yourself that emotionally prepared.

Sell when you are in greens and dont need for you to wait up a long time for you to make profits.You could eventually make profits if you do know on how to play these price movements.
It is really just depending on someones decision on how they would really be handling market volatility.

and let us look at the advantage of the current market , there are so many ways to invest but this is the perfect timing , they are sometimes   eager to earn instant but there is no such thing in crypto unless you are willing to buy at BS coins.
in our time now at 20k level is the perfect timing for all time , either to fall low or to go high ?there are many chance of earning.

I guess, anyone that will use this last opportunity to buy Bitcoin will have something favourable to earn in the future because the bull market is about to appear for those that invested in Bitcoin to feel the effect in the community. Since the price of Bitcoin is still in $20k over a week now, show that bull season is no longer far for investors to start experiencing bull market in the community. I don't think, the price will decrease more than $20k before it will rise higher for bull season to continue till the end of this year.

Buying at $20k is really a nice price level for one to take part of their share and own a Bitcoin, The number of Bitcoin moving out of exchange has been seeing a new record highs, recently the Single highest Bitcoin withdrawal 55,000 BTC worth about $1.1Billion was withdrawn from Binance to an unknown or private wallet, This means people are accumulating and not willing to sell anytime soon, which in my opinion is a Bullish sign for Bitcoin and the crypto space.

My first impression that getting into Crypto investing was really much more difficult than I imagined. Anyone can think "buy low, sell high" but if we are wiser by looking at history and potential opportunities with every decline, it will be another story.

Yes. This is an interesting statement in my opinion because The world is paying attention to digital currencies, and the currency that captures the largest market share is likely to become the clear leader in the near future. Yes, the investor mentality must be owned if we have entered.

Unfortunately, there are way too many people who think that they could get in today and 100x tomorrow, and they do riskier and riskier things to make that money as well. This is why futures are so dangerous, newbies do 100x long position for example and wait for it to happen but in reality, we are seeing it not happen that way. They end up losing it all and that’s the problem.

Normally if they were wise, they would end up buying from these lower levels right now and make a profit later on. That would be a long term investment and they could make so much from it. Instead of x100 in a day or week or month, focus on 10x in a year and you could actually achieve that if you know what you are doing.

The real bottom of the market is yet to reach. Right now we're at the critical time period where every decision needs to be taken in a perfect way to stay strong in the market. Even now investing isn't a bad choice, but we should have the patience to experience the profit out of the investment.

When we enter the market at the bottom we will able to book profit at the earliest and higher the price we need the patience to hold and experience the profit out of the investment.

But there is no way we would know if the price were at the bottom already. We can only speculate and most of the time our speculation is wrong.

But what we know is that after the halving, there is a fat chance that we will experience a new all-time high again. There is always a bullish market after the halving. So, even if the price is not yet at the bottom today, if your target is profit after the halving, then now is a good time to buy. The price is low and even if it is not the bottom price, we can still net a good profit come bull market. We just have to build our stocks before that time come.


I think if the person knows what he is doing and that his target is the price after a few years, then he can be patient. A few years gets by so fast you might not notice it is halving again.

Bond yields have increased a lot in the last 2 days and the stock market is likely to retest yearly lows as well.

As they are closely correlated, so are most crypto assets. they believe Bitcoin has not hit rock bottom and they will buy again when Bitcoin really is at its level. the bottom line, bottom line: they invest and buy Bitcoin now, hope Bitcoin can reach $60-70k in the next few years, for that in this case the conclusion: to buy Bitcoin now is up to the user himself, of course, not necessarily don't buy, which is clear if you are targeting the price of Bitcoin to the level of $60-70k it might be a good consideration.

it's good to monitor or record all the buying and selling that we do during this bear market. I make sure to buy as much BTC as possible until the price goes up again. I recorded the price I bought some BTC for future reference. We know the price may take a long time to rise again but at least I can know if I can sell that BTC in a certain amount.

Both markets are correlated but that doesn't mean they will always move exactly the same. The stock market is rising and so is bitcoin as we are benefiting from the news of the US midterm elections. But yesterday we received bad news in the crypto market, the battle of the two biggest players in the market caused a very unexpected drop.

Without this bad news, I believe the market will recover well this month and the market will not follow the stock market, we are doing better than them as bitcoin has consistently held above $19k over the past few months, while the downtrend stocks show no signs of stopping.

I think after the halving would be great for everyone who is holding right now and the people who are doing that already knows about this. I know that they are feeling like they might be wrong, and it could go lower, but there is no need to be afraid because I agree that a tiny bit of drop doesn't matter at this point.

Everyone who knows bitcoins cycles would tell you that we are in a great period right now and it will go amazingly in the near future. Just keep holding, buy more and keep on holding as long as you can. That will guarantee a profit in the future, I think it won't take as long as after halving, but that will the biggest price and a brand new huge ATH by that point.