Bitcoin Forum

It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying,  it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

Do not sit back and do nothing

Are you seriously moved by other's assumption? why not do your own research to find out what next could happen to bitcoin price any moment forward, if we are all to follow what the news and government says about bitcoin then we might all have dump it down, you quite alright know what you're looking for which the government or people can't afford to give you, bitcoin can do so with your investment, check the price volatility from 2009 to 2022 and see how the progress has been felt in a big way, another thing you could is to check the beginning of the year to where we are now, you could discover that bitcoin price fall and rises while the major event of halving also can give you more confidence that better days awaits bitcoin to jump up breaking the limit of it all time high price where we could have more than $68k and beyond.

Honestly OP the price of BTC is volatile which means you can not access it anytime or know that the price will go up higher or lower, in short, it depends on the market. So if other said that they will buy BTC is the price will go down as they expected then that's their decision.  But for me now is a good time to buy because the price is lower 2x than  almost a year ago which the btc price is reaching $60k.

Do you have anything to convince us that many people are calling for this before they buy, everyone wants to buy at a low price if the opportunity comes, but i don't think many people are waiting for 10k usd per BTC before they buy, people are buying now. But there is something that usually happens, you see those people that aren't buying now maybe because of some fud or the other, they would start fomo buying when price starts to go up.
It musn't be Monday's, let people DCA in the way it is best expedient for them.
I don't know if this principle works with other things of life, but it doesn't with BTC, it is a bad way to try to analyse the movement of the price.

I can say that the phrase Do Your Own Research (DYOR) is somewhat ambitious and as well could mean different things to different people. You cannot separate the crypto market and news. News is the fundamental and it's one of the things that drive the market. News is the FUD. It helps the industry and it also fights it. You cannot keep deaf ears to rumors and people's assumptions all in the name of doing your own research.
Personally, my first point of research is listening to what people believe will happen, then I'll draw a semi conclusion from the samples gotten.


He doesn't need to convince you, read around the forum and you will be shocked that people are waiting for $3500  ;D
Many people are not buying bitcoin honestly, they are waiting for their comfortable bottom. While few are buying with DCA.

The majority of individuals have accumulated at this time in a bear market, and the price is scaring them to sell. Trading attitude is a different matter entirely; you have already made up your mind when investing in the bitcoin image. How do you feel if you buy a coin for 20 dollars and it drops to 7 or 5 dollars? It will be a tremendous loss. Don't even let the thought of selling a coin enter your mind when investing; instead, practice patience and learn to hold onto a position indefinitely (HODL) regardless of the coin's condition. Most investors in bitcoin borrow money, which might get them into problems. Don't borrow money to invest, and don't use your life savings to invest either; if you have another source of income, that's really excellent since it keeps you from having to attempt to sell. While trying to pay back most people have lost all of their assets to banks and individuals.

It is what it is, even big crypto influencers call for 150k per BTC in the bull market, you don't have to follow anyone's predictions because that's what it is, the truth is how will they lure more investors to invest when they are planning to take out their own money? Only those who bought at ATH will be at lose, now that BTC have lost over 70% of its value it's already a good buying opportunity, people are buying you are not just seeing it is all.

Its just assumption and you cannot say anything accurate to what people's sentiment at that time since its different scenario where market is in bullish since many people hope for more great things to happen. Also in bearish season we cannot also say that recovery might happen because we cannot still predict the outcome and might we could see the market dump more if more worst case situation occurs especially right now we are in crisis.

I agree with you OP buying now no matter how small the fraction may be just keep adding to your wallet and hodl. It's really hard to tell how accurate all this speculations about price hitting $10,000 can be. At this point Bitcoin price has dipped enough and anything can happen. This is a point in the market no one will want to be left behind. I will suggest instead of wait till $10,000 to buy just buy a fraction regularly that way even if it dips further the risk will be worth taking.

I mean, you should be investing for you, and that should be done under the conditions that you've basically researched thoroughly, and maintain a somewhat unbiased take on the market situation. I literally, don't follow one Bitcoin centric news site, I don't read Bitcoin news other than what's posted here on the forum, and even then I don't let that influence why I got into Bitcoin, and the reason I've still got Bitcoin to this day.

Also, anyone that claims x price is talking through their arse. There's a certain point that charts doesn't help you. They're always based on assumption, and past happenings. However, we aren't in the same position we were six months ago, let alone a year ago. I keep saying it, but we're in unprecedented times, and no one really knows the short term direction we're going in.

However, I think can somewhat predict the long term outcome to a certain degree of certainty.

It is also risky and will be regrettable if we don't take advantage of this dip in price of bitcoin right now. It is also risky to want to buy bitcoins now and not have an updated knowledge about how to buy profitably. It will be risky also to get scared and bail out on bitcoins now because it may not look promising for the shortsighted. Likewise it is risky to keep holding bitcoins. Bottom line is choose your risk wisely.

Just don't mind them and mind your own business as you get and set to hold for more bitcoin. Them, are still waiting for it to go down, we don't know if there will be some major push that's about to happen and while they're still aiming for that and ignoring the opportunity that has already been there, they'll stick to what they're planning to do. Whether it will be on Mondays or any day of the week, as long as they have started their own accumulation and keeps to be focused doing the DCA strategy.

I agree that you shouldn't seat back and do nothing but, the point were the opposite of popular demands is what I don't so much understand as to how, the opposite is always the reality. Popular opinions and demands often plays out but, I don't think majority of investors hope to see bitcoin at $10k before they would accept it to have hit the dip and start buying.

Bitcoin already made a dip at $17k few months back, there might be a few thy still don't agree with that to be the dip but, I do think that's it and it would continueto struggle until it hits a pumps some more in preparation for a bull run.

Hence, looking and procrastinating on when it's best to invest won't do you no good. Start where you can and with your spare cash too then, be ready to wait for the bullrun to occur.

My people always says "Nah who get food to chop they save" (Its who, who have food to eat that will save for investment)
Everyone has he or her own strategy of buying and holding btc, as for me buying btc every there and then is not a best option and 2ndly the fund which we use in buying the btc where are they stock. what if the price go down below what they actually where before your first purchase?.
At my current status unless miracle happens btc is the last coin am thinking of buying currently, because it will make no meaning or add no much value if i buy btc worth  100$ now and when  btc hits 25k$ i will only make small or very little % of profit. i preferer accumulating other altcoins like matic than btc

If I do not invest in bitcoin, what is risky about it? Nothing. But this could be indirect as well because someone can wait until bitcoin has low price already, waiting for a price that bitcoin may not fall to, but the bull run start and the price got so high again, leading to the person to fomo and invest at high price that could be a bull trap. I too would encourage people to hold now, the price is already low, but less than $20000 is still possible again and again until certain time that would be close to all-time-high.

Missing a train and a chance to earn profit is not risky. It is different than when you take risk and get loss later. The first situation (what you're discussing) is only missing a chance, and you won't lose your initial capital so no risk with that situation.

It is better to apply DCA (Dollar Cost Averaging) Bitcoin and consider it as a long term investment. When you DCA, you have to prepare your regular capital for your DCA and fortunately you don't have to get headache when considering what price is good or perfect to buy Bitcoin.

• Website for DCA: https://dcabtc.com/

BTC is a more reliable store of value than Matic, you said what if BTC falls more so I will ask you what if Matic falls even more because that's always the case with altcoins when BTC loses more value, if BTC loses 10% altcoins will lose 20% and more, there you have it, altcoins have the biggest risk.

First of all, bitcoin should be viewed as a long-term project and trends and movements of bitcoin should be analyzed for a longer period of time.
Many people write all kinds of things about bitcoin, they are euphoric when bitcoin goes up or they panic when bitcoin goes down. These are all nonsense that should be avoided.
Bitcoin should be viewed like any other investment, make a clear investment plan after a detailed market analysis and have a clear exit strategy, and stick to it until the end.
The biggest enemy of every investor is his emotions. Everyone must learn to control their emotions and make rational decisions.

Tell me first that do you invest on calls and guidance of other people? If this is thing that other people influence can make you buy/sell then you should not involve in this market because it's the whole time manipulated and those who are calling bitcoin to $10k now have no base for their nonsense talking so don't believe in them.

We have seen bottom and we can go little bit lower then that but if you see bitcoin as a long term investment tool and see it's future growth you would believe in it not on others saying.As you said weekly or monthly investment they are best because I myself have been DCA investor and speaking frankly it's really good way to invest your funds and you can accumulate more in the long run when prices will be way higher.

People have the opinion that bitcoin can make them rich within few months but it's not true because we have bull and bear cycle both in the market and you can make profits in bull market and investment for the same profit in these bearish time so choice is yours because whales want to dump coins on you to buy at even less making more out of your pockets.So invest and hold for long term in bitcoin.

I don’t see the risk on what you implying on this topic. People will just missed profit in case they will sold or avoid investing Bitcoin but there is no risk of losing money in case they missed the profit opportunity because they still didn't get that profit to begin with. We are just talking opportunity here and it's really frustrating to be left behind if Bitcoin pump just because we are scared that Bitcoin will go deeper while we all know that Bitcoin price always come back on top on certain time.

Crypto people including newbie just need to trust on the crypto cycle to avoid this kind of fear on Bitcoin investment so that they can sleep tight without thinking about there Bitcoin investment. Been there when I was newbie and gladly I decided to just hold during bear season while focusing on my own career to give me distraction on checking frequently my holdings.  :D

Why on Monday? It somehow seems to me that the price of BTC is the highest on Mondays, and the lowest at the end of the week, but maybe it just seems that way to me. Besides, for someone who invests small amounts on a weekly basis, it doesn't make much sense whether the price is $19 500 or $20 000 - so it doesn't matter whether it's Monday or Friday ;)

When you talk about risk, you should keep in mind that the risk of someone who invested in Bitcoin a long time ago and someone who did it this year or last year is not even close to the same. For some people, the exit point at this moment is no risk - because if it's only about profit, I'm sure that a few million less or more is not something that hurts your head if you're sipping a cocktail in the shade of palm trees on some exotic island 8)

Those who have known Bitcoin for a long time already understand how it moves. So too much panic it won't happen to old people, I think only new people will become impatient. The old investors have experienced a period of halving that keeps repeating itself, it will be a strong foundation for keeping a belief. As you say Emotions are a major factor in trading. When you are able to control your emotions then you can become a good trader. In fact, I am currently 7 years old in Bitcoin. But That emotion is so hard to control, I'm still learning at the moment. 

It seems the OP is just trying to predict the price of Bitcoin from assumption, which is definitely very wrong because Bitcoin as we know, is very volatile and it's price is been determined by a whole lots of factors which even assumption isn't one. People asking for Bitcoin at a certain price shouldn't be a cause for alarm as Bitcoin has already come to stay and it is at the bear market that a trader or an investor is term good or seasonal.

There is no wrong time to buy Bitcoin as it is always advised to buy as much Bitcoin as we could at every time we could, but always have the mindset of buying low and selling high. And it is indeed very risky staying out of crypto because in 5 years time we would look back today and wish we bought more at this price.

Please avoid making assumption just because other's people called it. There's no specific days in a week where you could be best buying or even selling Bitcoin and no, it won't make anyone feel better since expectations will come through and they would think that "oh Bitcoin would be around this price next week."

If you're a long-term holder or even a "hodler", you're going to be fine.
Source? My own experience since early 2017.

Well if someone is yet to invest on bitcoin, I can't figure out the relevance of the "risk to leave Bitcoin right now". That someone could only have the risk on leaving BTC if he/she has an investment into it and he feel the need/he wants to sell his btc on a lower price after buying it with the market potentially going up for example.

It's crazy to know some people are waiting for Bitcoin to go down to $3500. I did not expected that.

Try to be wiser and also have anticipation in every expectation that we have. This time, Bitcin is still in a state of decline during the Bear Market. However, we still don't really understand what the real bottom of Bitcoin is. Then, are we just going to wait until the Bitcoin price reaches that number? what if it doesn't work? Aren't we going to regret it later?

For this reason, we as investors certainly have various strategies for investing in Bitcoin. I'm not saying that DCA is the best and must be done, but I personally choose to do DCA because of its various benefits and pros. In this case, we have at least tried to deal with the price going down or not at a certain rate.

Why we should buy BTC on Monday? The price drops not always on Monday, sometimes the price drops in the middle or at the end of the week. So, there is no exact day to buy Bitcoin, it depends on the current trend in the market. You also must know that it is not a must to always buy Bitcoin every week. If it seems not a really good time to buy, don't force yourself to purchase Bitcoin. We must be careful, don't do panic buying.

Although $10,000 is possible, I guess it is more likely for Bitcoin to reach $30,000 than fall to as low as $10,000. October is probably a better month. And probably the rest of the remaining months of the year would also be better months. So I don't see a $10,000 coming. If it happens, it wouldn't be within 2022. I'm not sure if there would still be a huge fall before the halving in 2024, but, again, $10,000 is probably too far down.

I agree, if now is the right time to buy bitcoin, because bitcoin is going down in price.
but not a lot at once, little by little.

if the price goes down a bit, buy immediately, and don't buy when it goes up even a little.

Some people are just greedy.  The price of bitcoin is cheap that it can be affordable but some people still want the price to go dip. The best thing to do is to buy bitcoin in every dip, it is good opportunity that can be missed.  No one knows if anyany moment we will be out from the dip.

It's never about being greedy in some cases but the level of knowledge and experience some investors had about the Bitcoin market during the bearish market.
If we are judged based on the previous market trend of Bitcoin when it is a total market correction, those that expect the price of Bitcoin to dip into the $10,000 price range are not greedy. However, it is good to seize the current opportunity the market presented.

Exactly, I'm happy someone fully understand why I created this topic, I will still stand on my point, if you aren't already dollar cost average into BTC you are making a huge mistake, the useful ness of stable coins is to take advantage of the market but since no one can predict where market is headed we have to ease our risks by investing gradually as the market price goes down.

the strategy you use to own more BTC assets by buying incrementally is pretty good. I guess a lot of traders and investors do too.
but everyone has a different way and strategy. Some investors go all in with all their money with one buy in the market. then he leaves the market until his appointed time. some buy gradually when the decline continues. like you do. but some people are afraid to start because of the risk of a deeper decline and also limited capital.

I think that strategy is suitable for a long-term investor like Warren Buffet. The short-time trader can't live if use that strategy because they must earn the money from price movement to buy food and the necessities of life. if he desperately buys gradually he can't be got a profit.

What you're trying to do makes sense to me, and I don't have a problem with it at all. We never get bored with Bitcoin. As long as you're familiar with the market, you're good! Accumulating more often is definitely something I'll do. Don't be afraid to take a risk, and ignore those who doubt you. Keep this in mind:
It's important to want it when no one else does. You have to sell it when everyone wants it.
Simple as that.

Should I just tell you the fact, no matter how bitcoin price dump people wont still buy, they will still continue to wait for more dip till they see bitcoin price at the top again before they start regretting why they didn't buy when the price was cheap. We all know that bitcoin price is down now but some people are still calling for $10k, if bitcoin hit $10k some people wont still buy, maybe they will start predicting that bitcoin will dump to $1k and if it get to that price that's when they will start buying and when it get to the price they won't still buy. I dont listen to what people say, I know bitcoin price is down already so I always buy whenever am having extra money and I don't care if it dumps more, I don't listen to what people say.

$10,000 BTC prediction is just an assumption therefore, it has no concrete affection to real believers of bitcoin but newcomers might taking it as serious thing. Buying bitcoin when it has climbed down to $10,000 is an another illusion or fantasy in mind. All the times are good to buy btc and the best time to buy is when the market is on bear, like this one now. Because at this bear market the price is low and the low income earners can afford it at this time so if anyone want to buy bitcoin this bear is recommended. Bitcoin can not reduce to 10k over night so planning to buy it when it is 10k is their personal choice then they have to wait for the market to go down again, probably next 20 years. In my own assumption bitcoin will not go down below 17k, the time bitcoin would have reached 10k as passed. it was at the time of July or June this year but he scale through even at that time.

Waiting for the price of 10,000 is a lottery, you may or may not get lucky. Or maybe it will be a temporary decline and the price will reach the expected price, but it will be so short-lived that no one will have time to buy if they do not list lots prematurely. Therefore, waiting for 10,000 is a risky business, but this is normal, in a bear market, no matter what the price is, there will always be expectations of an even lower price. Also, in a bull market, positive mood always prevails.

But you see, the statistics tells us that there are very few successful investors/traders, most of them lose money, which means that the majority will continue to make mistakes, in this case, wait for 10k.

You may be right and at the same time, you may be wrong, even though people are calling for a $10,000 price that does not translate into an uptrend price. The opposite doesn't always happen in most cases but again in some cases, it may happen.
But when it comes to Bitcoin price speculation we should always try to bring in some data analysis before arriving at any conclusions, but all I see with this kind of statement, are just predictions and nothing else.

Everything is risky as it is so always take the risk one step at a time. If you think this is the right timing to start buying bitcoin and invest for long term, then go for it. After all, the best time to accumulate is when the bear market is happening. And selling can only be done when you will sell at a profit. And that will eventually happen once the market turns bullish, where most of the coins have positive proves.

I'd say he is wrong, he is just listening to the call of others but never checking the market. What OP does is just a sort of baseless market assumption and it obviously far from the possible trend to happen. In fact, people are not calling for a huge drop but for the pump and ATH, looking forward to seeing Bitcoin reaching $100,000 is what they aim for. And I'm not sure where OP get this...

That's how fud and FOMO works so if the same with OP also with other newbies always keep listening to the call of people about the possible outcome they might enter a phase where they are not sure on what they are trying to do. Much better if they learn a skills on trading's at acquire little knowledge about technical and fundamentals since if they can track the market then somehow get something which can make their a basis maybe from that they will know how to plan their next action base on what market condition.

We know how cryptocurrency is very volatile it depends on how the people make an investment with the BTC if you are a whale and make a buy or sell it is really affects the current market price and if people get FOMO with this kind of price action manipulation there's a chance it will dump or pump immediately but right now the price of the BTC is sitting from its support of 18-20k price if this breaks that's the time it makes another dump with the market. For the people who don't mind yet the market dump, this is a great chance to have the opportunity to make a token accumulation for the upcoming pump.

I came from the grocery a while ago and my former colleague was also there we chitchatted for a while and talked about bitcoin. She told me about how she has missed the train and didn't listen to me when I told her that I'm into bitcoin a few years ago. Well, I didn't encourage her because I've got a bad experience encouraging people to invest in bitcoin. So, there's now the other side of that story when I was very encouraging to my friends about investing in bitcoin. But after someone blamed me for their losses because of the situation of the market, I'm not voluntarily giving them suggestions if they should invest or not but, I'm giving them the idea about it. We're lucky that we're still here and still holding on despite the market situation but soon, it will be good again and it's not the best time to think about leaving.

You don't have to believe anyone's predictions because they are reality; however, the question is how they will entice additional investors to invest when they intend to withdraw their own funds. Even major crypto influencers are calling for 150k per BTC in the bull market. Since Bitcoin has lost over 70% of its value, only those who purchased it at the ATH will suffer a loss. As a result, it is currently a good time to buy; people are actually purchasing it.

But it can also be a level that will hold the price. We are now at the high of the last cycle, and historically this level is the bottom of the next cycle, so it may be that we are already at the bottom and after that the growth will begin. If, nevertheless, the support level at 19k is broken, then it will be something new for analytics. I see that many are waiting for this, but I would like to believe that we have already reached the bottom and further growth awaits us, perhaps not right now, but after a while, we will start to grow from this level.

There’s no way we can tell what will be the future price movement of bitcoin. It’s not that once it dumps, it will always recover and reach an all time high. Maybe the situation is very different from now, the market is in deep bearish because of the world economic crisis that has been affecting it and for me, it’s quite hard to expect that it will recover soon. Whatever the market will be in the next couple of days or months, it’s always a good mindset if we can start buying at its bear season so we can gain a lot of profits when the final bullish season is here.

These are rumors, and you should not believe them; believing rumors like these will make your bitcoin journey tough. People can only predict prices, but they can't predict what will happen to their projections. If these predictions are correct, we will not need to research the market to determine when to buy, hold, or sell our coins. Don't believe everything you hear; the market is volatile, and anything can happen at any time.

To be frank, I never expected that Bitcoin would literally kiss the dust this November. My projection was that Bitcoin would bull this month. Sadly, this month has proved to be a slur. Well, in all this I still believe Bitcoin will bounce back. This price level is a good time to buy in. Even if one buys now and it dips, it's still a great discount. Whether price is at $10k or $30k, anyone who can afford savings should start buying in bits now. DCA on your investments or if you can wait some more, try buying in before the last quarters of 2023 when    the excitement of Bitcoin halving will be gearing up.

Don't suggest folks buy bitcoin every single week. Not everyone is able to make weekly bitcoin investments. As we all know, the market is actually down and now is a great opportunity to invest, but before you do, DYOR and only invest with money you can afford to lose.

Anytime, anywhere, there is a chance to invest in bitcoin. Nobody should follow the herd and invest in bitcoin since it's a risky investment. Invest when you intuition tells you to

Bitcoin does not have specific figure it accelerate as a particular price value since the adoption, so i believe  that anyone that is anticipating that the price will fall to crash and also increase to a certain point, is just making it's own personal suggestion of Bitcoin, actually your are right for some people to purchase cryptocurrency now since the price experiencing downfalls constantly.

Because this is the bearish season. In this era, people will choose to buy more Bitcoins at a lower price. In is a cycle where there are bearish and bullish. And when we have bought a lot of Bitcoin in the current era and then hold Bitcoin for a long time until the next bullish era, then what happens? Yes, we will get higher profits compared to now. And the benefits obtained can be several times. Wouldn't it be natural for us to buy in the bearish era by asking for a lower price, right?

Related tot he exact rate, there is none that can guarantee if the price will hit at the certain rate. For example, we expect $10k, but this doesn't mean that we must wait for that rate for buying. That is why we are using the DCA system in buying Bitcoin. I think that this is the wisest and most appropriate way to make the investment in Bitcoin during the bearish era. So, we can utilize every season to be more optimal. And about the price taregt that we want to sell, we cna also use the similar technique in order to stay taking profits in certain rates. Just not be greedy

DCA is the common trend here in BTT. If all new bitcoin investors will be joining us here, they can benefit from more learnings coming from our experienced old time bitcoiners here. As opposed to waiting until bitcoin drops to $10k with zero guarantees, they are also the ones who easily FOMO when bitcoin is hovering at $150k each and will turn emotional and sell them at the bottom when the price drops again.

The story goes like this. The experienced do a DCA and the newbies want to catch the cheapest price. The experienced can sell with a profit-is-profit mindset and the newbies want to sell at the peak. The experienced HODL when the market turns bloody and the newbies will sell with heavy losses.