Bitcoin Forum

This Bitcoin journey has been an amazing one for me ever since after joining this amazing forum and also after my first Bitcoin purchase.
I've been following this crypto news but haven't had the money to invest in it even after acquiring some knowledge about it, but I successfully made my first purchase on the 28th of October, 2022
https://bitcointalk.org/index.php?topic=5418706.msg61204329#msg61204329
ever since then the journey has been a happy one for me as I was able to make another purchase yesterday 9th of November, 2022 and I'm buying the dip at every opportunity that I have.
I was able to buy Bitcoin of about $47 yesterday, which might seem little to most people but very great to me as my goal is to buy Bitcoin at every little opportunity that I have and it seems I'm achieving it greatly even buying it in the dip.

https://i.imgur.com/hcTMClm.jpg

I HOPE WE ALL HAVE THE OPPORTUNITY TO BUY THE DIP AS WELL.

When you consider the volatile nature with bitcoin price you will discover that this has been a constant thing that the bitcoin price has to rise and fall on different occasions and seasons but taking good advantage of the dip to invest into it is the best choice and decision one could render to himself by securing the future through bitcoin investment when you continuously buy the dip even though money can be a threat for us to achieve this but we must just ensure to keep moving forward with the little we can afford to buy and hodl

https://i.imgur.com/Y9L9XJJ.png
https://twitter.com/100trillionUSD/status/1590643784848936960?t=LfoLpkBdcJCfvg9nait4UQ&s=19

Bitcoin has never been weaker to maintain it relevance from among other currencies that we get unfamiliar with, bitcoin is safe to invest with.

It just caught my attention that I made a mistake in posting the image and that made this very post not getting any engagement except of the first commenter @Aanuoluwatofunmi who also shared some advise and knowledge with me and I want to say a big thank you and also to let you know that I truly appreciate time and effort.
This very incidence has shown me that the forum prefers evidence rather than redirecting people to a link when you can post without a llnk.

Great job making the most of the dip. Sooner or later, you will not only look back and feel proud that you had the balls to buy when others were selling, you will also be making some nice profit. I hope you are in for a long-term HODL. And I hope the money you spent on Bitcoin is not intended for something else so that you can keep your Bitcoin for as long as you want. The sad thing about some who really intend to keep their Bitcoin is that when emergency arises, they have no choice but to sell.

I congratulate you for your enthusiasm and I hope you manage to accomplish your personal objectives with this purchases. I believe these are good price ranges for a long term position.
By the way, there is something that have caught my attention about your transaction, is there any personal reason you prefer or you continue use legacy Bitcoin addresses instead segwit?

Usually segwit can help you to save some cents in transaction fees and it seems the service you used it is compatible with newer address formats.

I am glad to see that you have succeeded in owning bitcoin as your investment and if you can buy bitcoin again in yesterday's downturn, I congratulate you. It was a brave move to buy bitcoins because many people would not make a purchase and instead wait for the price to drop again.

And you are lucky to be able to take advantage of the decline in your favor so that your bitcoins have increased even more. Try to buy at another markdown as this may continue.

I see no point for @OP creating such kind thread especially Bitcoin isn't really in huge dump or crash situation, the price just decrease for around 2% in the last 7 days. It's really normal to see Bitcoin price decrease for 10% in a day because Bitcoin has huge volatility. If we will see a situation where Bitcoin price drop below $5K and then @OP dare to bought Bitcoin at that price, then there's no problem if @OP create such thread to remind and motivate anyone to keep buy the dip.

The topic has been created by him since November and before that I also saw another thread of his about his first bitcoin purchase. It would be great to share the feeling of owning bitcoin for the first time, it was a very memorable moment and worth celebrating. As for the next purchase, I no longer find it too important or attractive because simply as an investor, it is very normal for us to focus on accumulating bitcoin. This topic is really nothing to discuss, it's not as engaging as when he first bought bitcoin.

You set a great example for others who are afraid of a further btc's drop. While some are afraid to buy cheap bitcoin, you buy them little by little, in stages. This is commendable. Penny for penny and gradually you will be able to accumulate a tidy sum. Keep up the good work and don't give up on your goals. Let others say what they want, most importantly, do what you think is right. One day, your investment will pay off many times over and confirm the effectiveness of your strategy.

This is what I really like because it seems to me that you already have a DCA strategy already in place. I do this too, last month I bought bitcoin also less than $100. I am going to do the same before the month runs out. The goal is to be consistent and stay consistent. Before you know it, you will almost be in the 1 Bitcoin club. It is achieveable.

I am very happy to see your interest in Bitcoin. I think Bitcoin is a good invest for both short term investment and long term investment. There is no loss in investing in Bitcoin. Profit is guaranteed if you have patience. Great discounts are going on the crypto market now. I think, we should buy now for the next bull run.

Bitcoin has a huge potential. If you can afford investing, it would be a great idea given that the price is still 'down'. But unfortunately, not all people could do the same thing especially small investors of this industry. It would be easy to say "just invest an amount you can afford to lose" but in reality no one wants to lose in an investmenr right? Also with "just endure the market and set aside your worries" but in real life situation, investors are really anxious on every downfall from the moment they have entered. That is just indeed how this industry works and it won't work on people who are looking for an assured profit. The market prices are filled with inconsistencies and uncertainties which causes risk to investors. So it would be better to be prepared first before engaging towards crypto investment.

This is the best opportunity to buy btc especially as a small investors. The price of btc is very cheap compared to previous months. As long as you are willing to hold for longterm you will be happy buying the dip whenever you can. Btc is always the best choice.  Good luck with your investment  bro.

like they said, invest the money you can afford to lose. you will still be happy as its liberating to have something that no one can get from you in times of uncertainty. congrats happy DCAing.

when you finally made it to the bull market, you definitely have the right to take your share. exciting days ahead if this binance fud is the last of the bears.

I am very happy for you!  In my opinion, the price of bitcoin is now at a local minimum. 

In my opinion, $16,000-$17,000 is an accumulation zone.  In this zone, large investors acquire bitcoin.  These are long term investments.  In 2024, they will sell it for $136,000 and lock in profits. 

Therefore, buying bitcoins now is a very smart decision. 

Currently, Bitcoin and cryptocurrency are not in the media spotlight.  They were temporarily forgotten.  This is a signal that now is the best time to buy the first cryptocurrency.

Congrats on buying the dip, op! I think it's totally fine to invest gradually rather than do a major this all at once, as this way you can choose convenient moments when you have money you can spare on investment and see how the market is doing. I hope you're storing your coins safely in a non-custodial wallet and are prepared to hodl for perhaps a year or two if not more for decent profit.

Everything is really just fine as long you are investing on the money which you can afford to lose or something that you would really be that easy to move on or dont mind if ever the market would really be having
that bearish moment. If you do see that this current market price specially on bears is an opportunity then it is really your own choice whether you would get in or not.
Lots have the interest on accumulating but usually they are really minding about bulk buying and trying out to go into their limits or something those amounts which arent supposed to be invested.
Its not bad on being optimistic but you should always consider out about the risks involved and this is something should really be standard.

It is generally considered good to purchase Bitcoin when it is "on the dip," or when its price is lower than it has been previously. However, it is important to note that the price of Bitcoin can be volatile, and buying on the dip does not guarantee profits. Anyway OP, congrats on your new purchase. I hope it will be profitable for you in the future.

Yes, definitely it's a good call on your side to buy the dip because that's what we heard from those who have experienced in this market and obviously that's what they did because the price is at a discount.

And this is just a start on your end, and it seems that you invested what you can afford to lose.

Later you will see what this really means, specially when the price surges again in the bull run. So if you still have some funds then you can accumulate in this bear market and simply hold for the long term.

This is already a fairly correct step OP, there is no need to force yourself to buy bitcoins in large quantities, you can start investing slowly, but you must remain consistent and continue to make purchases when market conditions are declining as they are today. The amount you start with can increase, during the current period you continue to increase investment, buying on the decline will always be special in bitcoin, because we will get a large amount from the usual standard price.

If you are just starting to invest in bitcoin, then my advice is to keep buying in declining conditions, because in the next year it is likely that bitcoin will recover and put your investment in a more stable stage.

Exactly buying the dip doesn't mean the dip will not get dipper since bitcoin price is volatile, those who bought the dip when the price slid down from a $69,000 all-time high to somewhere around 40k where buying the dip but at the moment they are already at an above 15% lose.
Ops should focus more on long-term holding and since he is buying in small quantities his percentage effect on both market directions will be low unless otherwise, he decides to increase his purchasing capital to increase both chances of his percentages of both profits and losses. Ops should know that the present dip was once an all-time high so bitcoin price is a cycle that can be speculate.

Congrats @OP. You have successfully bought bitcoins at the current lowest price. We hope that you can continue to buy bitcoins at the lowest price. But remember to use your money wisely to buy bitcoin because with the current bitcoin price, the price of bitcoin can go down even more, and that is another opportunity for you to buy some more. We are still given the opportunity for now, and you have used it well. This is an example of us taking advantage of every down moment in the market.

Amount doesn’t matter at all. The thing that matters is that, you have used the right time and took advantage and bought some Bitcoins. I am definitely confident that soon you will see your 47$ turns into 3 figures in the next year. Instead of panicking, everyone should learn from you, when to buy the coins and when to not. Nevertheless anyone buying Bitcoins under 20k usd are lucky, as when Bitcoins will start rising they will definitely get more than 50% of their investment. Let’s hope for the best.

What OP is doing, is advisable for all investors if you have a long term outlook. Bitcoin market occassionally provides such opportunity to score more bitcoins at low price points. If you are able to identify and act on it, you will be able to effectively average out the buying price.

No matter what amount you are buying, the important part is that you are buying low. The upside potential is really significant!

Just keep buying as you'll be one of the people been called lucky when Bitcoin reaches a new all time high. People are shying away from buying Bitcoin now that the price is low because of fear that it could fall lower. What they dont realized is that now is the best time.
Don't over buy though unless you have long term plans of holding for years. The price could dip anytime and mightn't recover for something so it you have short term plans, don't over buy instead continue buying in small amouuas you're doing.
As you buy also remember to store them in a safe wallet that isn't centralized but decentralized and you own your private key as any Bitcoin that you don't do such is fake and can vanish at any given time.

Agree with you both. If everyone in this forum posted their Bitcoin purchases every day or every 5 days, maybe this forum would be full of stuff that doesn't need opinions. What can we say other than congratulations and advice to keep it up? Don't mean to offend the OP, but I don't think this motivates anything, because almost everyone has done it.

Buying with the amount you have doesn't matter even if it's small, the most important thing is when there is an opportunity and you have it, then buy without having to think about it because all of that is for long-term HODL.
Don't look at others because you buy bigger, but you have taken advantage of the opportunities that you have, just like me, who will continue to get Bitcoin with my ability, if all of that has become comfortable, then it will be better for the future.
Continue to do what you can, don't look back, we will look much better in the future with bitcoin.

Good job for you. You would find that the biggest opportunities in this industry is made and happens during dips and bear seasons. You making the most out of this bear market is a good thing, because the market will not propel upwards by itself. It needs people to support and believe and ultimately build in it, and you are doing your part. I share the same hope with you OP that all of us be able to take advantage of buying more bitcoins now that it is at a very friendly price, with so much upturn potential.

That's good for you and I'm happy to see you buying bitcoin in this situation even with this small amount, hope you are able to buy more bitcoins in the future with higher amounts and even cheaper prices.
You are lucky that you enter the market the market is in a bear phase and the price is getting lower every day which can give good chance for the new people who enter the market, even with a few amount of money because by aiming longterm you can have good profits even with this amount.

Bitcoin is very important something that I know that since it is used as many people has been adopting it from one year to another year and you said all of it to be something that we reduce in value it continues to increase and have more influence over people and another way around I understand that why the market of Bitcoin is falling this turnaround it is because did the Mayans who demands for bitcoin is no longer much in the market

This is a business that gives profitable as long you're long term holding investment, base on the current price of Bitcoin, is very good to purchase more of BTC at this dip.

As long as you have extra money to buy then doing it is a good thing that you are doing especially now that you are in good enough shape to continue buying.
But indeed in this case you also have to be patient because this will definitely take time and what you are doing is actually very correct because this is indeed the best thing to do.
It doesn't matter if you buy whatever it is and whenever the decline occurs, that's a good thing.

Very good and this is what should be done because buying now at a sizable discount is of course a very good thing to do.
What you did was right and I also always do this by setting aside $ 20 for each week to add to the portfolio that I have.
Regardless of the price or Bearish which is currently ongoing and there are still many who say it will continue to fall to $ 10-13k I don't really care about that because for me as long as the current price has not touched $ 30k then this is when I will continue to buy wherever it is its every week.

I know that most people don't even try to do technical or fundamental analysis before buying, that's because most people buy in the belief that since the price is very low, then if they buy the price will go up a lot and with that they will get a lot of profit, but the problem with this thought is that nothing guarantees that the price will go up a lot in the future, it may be that the price drops a lot and does not go up much for long and long years and the person can run the risk of staying 5 or 7 years just waiting for the price to recover, and then you will have to wait for more years waiting for the price to go up a lot to make a profit

By that I mean that it is more prudent for people to try to do some analysis to see if there is a trend reversal from high to low before buying bitcoin, and not creating high confidence that the price will always go up even if years pass, so it might not happen either, OP I hope your strategy yields profits in the future

Extra money or those funds which you can afford to lose which you should really make use when it comes to investment not only limited on crypto but also in other investment as well which it is really that
important if we do talk or speak about on those funds which you can really afford if ever things turns out to be mess.

Buying on the dips is what we are trying out to do and this market conditions or situations doesnt really come often but people are instead getting afraid on taking up such step
on making some investment but eventually this is the perfect time on doing so but of course not all could really take up such step or risk taking.

Congrats for buying bitcoin in the dip because it is not everyone has the liver to buy BTC at this bottomless bear market. The opportunity to buy BTC is always there even in the bull market people can buy it. And not everyone that buys announced it here. If everyone that buys it announced it here then this would have been a place of spamming of Purchases of bitcoin. A day thousands of threads would been created. Mind you, make sure you Know the risk involve...

True TA and FA for Bitcoin is too insane to understand so normal people are just looking at the chart and check cycles.  Now that Bitcoin 4 year cycle isn't a mystery, most people who buy bitcoin don't have to do TA calculation and besides, Bitcoin fundamental is somehow established so yeah, looking at the chart can do and check where is Bitcoin price at the moment.


If one is holding Bitcoin for a long term, buying at its dip does not need any indepth calculation.  Considering the current market, many people thinks that just by holding BTC until 2025 can bring them profit in reference of the Bitcoin halving and 4 year cycle.

For now it is good to invest/buy bitcoin. The price that was above $17k have fallen down to $16500. Rather than looking for the bottom one can start DCA which will help us to have our bitcoin at the best price than missing chances. Whenever the market drops down it is good to invest. This won't be followed by every user, but they intend to invest/buy when the Market begins to move bullish.

Indeed in this case it is true, but when the context is in bitcontalk it is clear that of course Crypto which will be the main goal in particular is bitcoin of course. And I would still recommend being here even though this might indeed go back to each other's choices but of course suggesting is not wrong.

Fear is a natural thing, especially for those who are always panicking about something, but this only happens to some people, especially new people, because their fear is based on a purchase that was previously at a high enough price so they are afraid to buy again, which makes them falter.
Even if you are not too sure they shouldn't be here because as you said, we must be prepared to lose to be truly sure of the choices we make.

Buying on the dips is a good strategy for investing and trading in hopes of profiting from short-term as well as long-term volatility. Many experienced traders and investors have adopted this strategy and of course they have made quite a profit. So of course this strategy has been advocated and recommended quite a lot to everyone, including beginners. But if you're still worried about the continued decline, then DCA is a great combination.

I think they way scams are emerging  day to day it's really hard to find the best position to buy bitcoin, In previous day when Bitcoin confirm it's support above 20k some financial advisor told that it's best opportunity to buy bitcoin because Bitcoin is about to reach or hit it's bottom, but as a result after scams of exchanges Bitcoin dump. So my main point is that Bitcoin still didn't hit it's bottom, in my view Bitcoin will not pump till he hit it's bottom which is around 12k according to my technical analysis.
It's just my taught may be it's wrong..

Golden opportunity to buy bitcoin during the bear season since all the top project are dumping. Bitcoin fluctuate in price and it varies every single week. There's no point of entry because it's continual of dipping is possible. No one have the right entry to purchase Bitcoin but it's advisable to buy bitcoin at the slightest chance one has. Bitcoin is dumping due to the present existence of the bear season and it won't pump till the bull season come up, which will take place in the new year.

This is really one disheartening issues and I've noticed this as well and I've seen people make withdrawals from their holdings due to some emergencies that could have risen and leaving them with no other option than withdraw their holdings.
I've also seen people who really and dearly wish to buy and hold more Bitcoin for the season, especially buying the deep but hot no way to do due to maybe lack of funds and over re-occuring issues beyond them but in all we should try as much as possible to accommodate this coins.
I'm holding for very long and I have no intentions using this money anytime soon.

It is true that this is a scenario that happens quite frequently, however this is because people forget that before you invest money in anything you need to have several months of savings you keep on cash so in the case there is an emergency you have the money to deal with it.

Now it is important to keep that money in cash, because we have read cases of users here in the forum that had an emergency and had money in a bank account and for some reason or another they could not access it and they still had to use their bitcoin anyway, but this is not really a problem if you have that money around in the form of cash and you can pay immediately for whatever emergency you happen to go through at the time.

Maybe next year there will indeed be a worldwide recession and it is possible that prices will continue to get worse later in the next year. You should think about what you will buy later. I see more the beginning of the year that will happen later.

You are doing a great thing. I'm so glad you understand stand how important buying in the dip his because it is an opportunity that is always profitable if only you can hodl. Before making decisions to invest in bitcoin am sure you already know hodling is the only way to get better benefits in bitcoin. I'll only advice you to invest with the money you can afford to lose, do not use all your savings to invest all in the name of investment and be left with nothing to take care of emergency needs.

Congratulations OP, I guess many people will learn from you in this aspect of buying Bitcoin in this bear season that is making other people to panick as if this is their first time in the bear season. There is a great reward for this your potential plan to purchased Bitcoin and hold because, those that apply such tactics in their investment always receive something big at the end of their investment, which you will surely achieve such positive things if only you can endure till the price move higher to $100k next year.

When you invest in bitcoin you should not listen to any financial advisor or analyst, you better do your own research. We all know that accurately predicting the bitcoin price is impossible, don't try to do the impossible. Bitcoin is a long term investment if bitcoin prices keep falling more as you buy in, if you don't have more money to keep buying, there is nothing to worry about as bitcoin will rise again in the long term. For me, bitcoin below 18k is the right price to buy in the long term, although the price may fall further or rise, but who knows?

Good luck and may you continue to buy bitcoins according to your plan .  It is always better to buy bitcoins in dip . I appreciate your investment because it is not right to invest in cryptocurrencies at the same price at the same time.  You buy a few bitcoins every now and then so that you can balance the price and you don't face too many losses. Such an investment is wise

Why not? Average would recommend bitcoin over altcoin, but of course they need to be responsible for themselves and their investment decisions.

I guess new users can learn to understand something from the experience of other, more knowledgeable users. Granted they shouldn't be expected to trust other people's analysis, that it's not fundamentally financial advice but it's something said based on experience.

Buy on dip is a good option for investment, in my opinion it is one of the best strategy when you plan your long term investment in bitcoin.

Congratulations to you for making your first bitcoin purchase and also making your second bitcoin purchase. The happy thing about the two purchases you made is that you bought them in the dip, which means you are doing the right thing. When the market will turn to be green you will surely enjoy what you have sown today.

Always remember to buy bitcoin with certain amount of money you have already spell out for investment and you are willing to lose. Even if there are no losses in Bitcoin what this means is that you might need the money when the market might be on dip.

This is true, because we can easily go down 50 % or even more than that. This has happened many time in bitcoin history, but still it will not hurt the project and the value at all. You just have to HODL until it is more than 50 USD.

don't be discouraged by the small amount of bitcoin purchases, because everything has to start from the bottom.
because I think that bitcoiners who have become millionaires must also have bought small amounts at first.
the most important thing is consistency must be maintained in investing, continue to dig up reliable information, and always be optimistic in thinking.
at first I also bought bitcoin for only 100 $, but over time, I continued to invest, even if little by little, and in the end I almost had one full bitcoin.
starting with good and optimistic intentions, I'm sure it will continue to grow and make good progress.

Congratulations on your purchase @OP and good luck buying more bitcoins for yourself. Only a few people dare to buy bitcoin at this point because they will be waiting for the next low price. But we won't know if the next price will be low or if there will be a price reversal, which will increase the price. We can only try to buy bitcoin at every low and hold it until the price increases very high. You can continue what you have started now @OP and hopefully, your bitcoin will be more in the future and be able to sell at the highest price.

So you're saying they don't have anything else like stash so they have to sell bitcoin?

If you know any of the people you're talking about, tell them to spend their savings and other assets before they sell bitcoin. The fact is that no one is going to invest all their money in bitcoin without having a little savings for everyday needs or an emergency fund. So bitcoin should be the last option they can sell when they need big funds.

Buy while it's on a low price and enjoy the pump later on.
I plan on keeping most of the crypto that I bought on this dip till the next ATH(Hopefully I could withstand the temptation to take my profit when it pumps up).

It is no shame to take out your initial investment when the profit is right. Still the more profitable way would be to hide your seed phrase and don’t touch it for some years. At least that is what I think.

Indeed a good opportunity that we shouldn't just let it slide because it's already in-front of us screaming to buy a fraction while it's still cheap and while the market is bearish. This situation is only for hodling but for buying as well, anything will do because in the future we will reap the fruits we've sow once the market starts running bullish. Not just bitcoin, but for other top performing alts as well.

Holding isn't the only best, but rather one of them. because there are still several strategies that can be used to benefit from bitcoin investments.
Buying during a market crash like today is indeed a pretty big opportunity. taking advantage of this moment will provide some benefits and then make a long-term investment. and it should be noted, there will still be risks but these risks also need to be overcome with some reserve money that has already been prepared. Using free money and not needing in the future is highly recommended. Don't force yourself to invest if you are not ready to lose.

That is how it works. We can go dip upto 50% and we can go bull upto 50%. That is why people that use a portion of their money which they will not need to solve immediate problems are always at eas with bitcoin. But people who use all their money and buy will be waiting for market rise and it may not happen soon.

As for me i always  see Bitcoin price as an opportunity any time money come to hand. I keep purchasing bitcoin always because I am not too good in bitcoin analysis, so it always very hard for me to time market and when to enter market I buy btc and that why I keep buying. But my believe is to hold Bitcoin for the long term and with that aim I will definitely profit one day. And this is why I always found it hard to be panicking in my Bitcoin investment, so even Bitcoin price come down to 5k dollar I have not business with that for now. Some time if you listen too much to others and follow their analysis it will be very difficult for someone to by Bitcoin because you will get confused either to wait or buy.

Buy more mate and never stop on that amount , telling you that this is just peanut for what you can get in the future once bitcoin reached its top so try to accumulate more and more while the price is very cheap like what we have in market now.
try to extend your purchase from that 47 dollars to Hundred dollars and thousands and millions in the future.

Bitterguy28, how many million dollars do you have in bitcoin as for yourself. Do you know how much OP is worth? Do not push him to exceed his limits.
Advising him to buy in hundreds, thousands and in millions sounds funny and also sound deceitful.
If he has upto a million dollars do you think that he will start with $47 or will he even bother to announce his purchase?

It's an excellent place to start, and you can build up gradually until you reach your goal. When the moment is right, you'll start reaping the rewards of your investment, so the best advice is to avoid taking out loans for money you don't need and to hang onto your assets no matter what. Don't sell them. Good to you on the business of investment.