Is it time to buy the dip in Bitcoin as it drops to $64,000?

[ajiz138]

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

Another funny thing is that even if the price gets to $60,000 people will still be  confuse if buying is the right time for them. Bitcoin price is very unpredicted and you can't tell if the price will fall to the price that you are speculating on, so it will be better to buy when you can afford it especially when you come across a dip not necessarily it is a must to buy at your own favourable price.

 It is very common that people miss opportunity of buy bitcoin at a low price because they feel the price will still come down low. Buy bitcoin when it goes dips and if the price goes dip again then it is another opportunity to still buy again if you can afford it. Their is no lose in buying bitcoin, you just need to understand the market to hodl.

So like to wonder when they should buy if they continue to ask often without taking any action they continue to be left behind, sometimes seeing from two sides of the news alone can shake their minds to buy.

Exactly what you said buy when you are able and even better when the decline then there is no other way if they continue to wait they will not get bitcoin until the end because they continue to wait for prices that are difficult to predict correctly.

If it is more difficult then do the DCA strategy isn't this easier to understand for some investors? They buy bitcoin is definitely a long-term goal.

[I_Anime]

This is the time to get aggressive in buying the dip because bitcoin price still down for now . And I know that most people will be wondering why  has the bull run haven't occurs yet . Well it may not occurs now but I believe that since last year Bitcoin has been in a bullish movement. But I believe there's still juice for it to rise more , so that's why is advisable to keep holding and accumulating at same time , because I believe that everyday new folks are getting into bitcoin so now am sure most haven't gotten themselves some good Stashes yet so , this is the time to coverup some of those gabs , even I am still making use of this opportunity to purchase More , like recently bitcoin dip below $60k . While some are at there panicking, some folks are taken the dip to their advantage.

[Kemarit]

This is the time to get aggressive in buying the dip because bitcoin price still down for now . And I know that most people will be wondering why  has the bull run haven't occurs yet . Well it may not occurs now but I believe that since last year Bitcoin has been in a bullish movement. But I believe there's still juice for it to rise more , so that's why is advisable to keep holding and accumulating at same time , because I believe that everyday new folks are getting into bitcoin so now am sure most haven't gotten themselves some good Stashes yet so , this is the time to coverup some of those gabs , even I am still making use of this opportunity to purchase More , like recently bitcoin dip below $60k . While some are at there panicking, some folks are taken the dip to their advantage.

Love the term "aggressive", LOL, but yes why not? Specially if you have tons of money right now, you can obviously buy a lot as we dip further to $61,000 and still we are in that price. We've been in the bullish state because there are so many positive news specially the approval of Bitcoin Spot ETF. But since after that, it looks like the news has faded already but still though we are already in the bull run.

Just a matter of time because the bulls again take over the market, and I will say that this is just normal movement post halving as historically, June is not a good year after a halving as it seems that we are resting. But it's highly likely that we will resume this bullish momentum before the end of this year.

[tabas]

Whoever that blogger you're following and able to read his analysis, then he's right and Bitcoin fell and reached the price that he's mentioned. Now, if you're waiting for that dip and want to buy then you should have bought already while it is staying on $61k.

This is the time to get aggressive in buying the dip because bitcoin price still down for now .

I'd agree but the problem is always about when someone wants to buy but then, it cannot be because the timing is imperfect and no money can be used for that. But to those that can, you're right about it that they need to be aggressively buying.

[beerlover]

bitcoin's correction in recent days has been insignificant but I don't think people are still calm, especially the newbies. If you check the greed and fear index, you will see that last week it was still at 70 but suddenly dropped to the 30-40 range after bitcoin plummeted to 58k$ a few days ago. And if there is another correction, I think the panic will be stronger and I don't think many people will start buying DIP like they are saying.

In addition, if you pay attention, there have been many theories that the bull season will not come or many people think that the bull season has ended, and the bear season is gradually taking over the market. I feel the market is panicking and gradually losing optimism. But to me, that's a good sign, because it shows us that we are very close to the bottom of this correction and that the market will soon get better in the coming months.

Yes, the logical thing that everyone talks in the finance is "be greedy when others are fearful, and be fearful when others are greedy". Which means that we are not that far from it, last month it was higher in price and it was greedy in the index, meaning we should have sold, and this month it dropped, meaning we could have bought more bitcoins if we sold last month, and if we buy right now when it is greedy, that means it is going to go back up and we are going to profit a lot from it for sure.

The only thing we need right now is to keep it going and keep buying. If we can do that, then we are going to end up with a greater profit, we should definitely just use this index to see what people are thinking and how the market looks.

[Mame89]

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.

Maybe now is the time for you to buy bitcoin because bitcoin has now experienced a decline, and the current price is $60k. However, what you need to know is that everyone can analyze and predict Bitcoin, including bloggers, maybe YouTubers and many others. But that doesn't mean you have to believe it because no one can predict the price of Bitcoin with certainty. If you have money, you should immediately buy bitcoin, don't wait for bitcoin to go down because that will make you regret it later when the bull run occurs.

Especially if you intend to invest in bitcoin in the long term, of course at this time it is still very feasible to buy bitcoin, and you also have to do your own research and look at the history of bitcoin's rise so that you don't invest in doubt. We have just passed the halving period which means Bitcoin will experience an increase after the halving, we just need to be patient waiting for the bull run time to arrive. Because it is better to buy bitcoin before it rises rather than waiting for a decline that we cannot predict.

[Marvell1]

bitcoin's correction in recent days has been insignificant but I don't think people are still calm, especially the newbies. If you check the greed and fear index, you will see that last week it was still at 70 but suddenly dropped to the 30-40 range after bitcoin plummeted to 58k$ a few days ago. And if there is another correction, I think the panic will be stronger and I don't think many people will start buying DIP like they are saying.

In addition, if you pay attention, there have been many theories that the bull season will not come or many people think that the bull season has ended, and the bear season is gradually taking over the market. I feel the market is panicking and gradually losing optimism. But to me, that's a good sign, because it shows us that we are very close to the bottom of this correction and that the market will soon get better in the coming months.

Yes, the logical thing that everyone talks in the finance is "be greedy when others are fearful, and be fearful when others are greedy". Which means that we are not that far from it, last month it was higher in price and it was greedy in the index, meaning we should have sold, and this month it dropped, meaning we could have bought more bitcoins if we sold last month, and if we buy right now when it is greedy, that means it is going to go back up and we are going to profit a lot from it for sure.

The only thing we need right now is to keep it going and keep buying. If we can do that, then we are going to end up with a greater profit, we should definitely just use this index to see what people are thinking and how the market looks.

Don't just rely on the greed and fear index, if you check the trading volume of bitcoin or any altcoin, you will see very low trading volume. That really makes me doubt many people are buying as they say, I have a feeling more people are scared than excited to see the price of bitcoin drop more.

We can't tell if bitcoin will continue to fall or rise from here but buying at current prices will give us better returns than those who bought bitcoin for 65k$-70k$. But the important thing is how many people dare to buy, or will they wait for it to decrease further and only buy if it drops to 56k-58k? And that will keep repeating until bitcoin suddenly increases in price and they start buying at a higher price.

I really want to know if OP bought or is still waiting for bitcoin to drop further.

[lixer]

The reality is that we shouldn't really be afraid of buying right now, a lot of people end up being fearful about what is going to happen, but that doesn't mean that we are going to end up with something bigger or worse. We should consider how to get better results, and in order for us to do that, we should consider how to get a better result for it.

That is the spirit, we should not be afraid of buying at the current price as per cmc of $60k. Being fearful of the unknown is part of the market and we should accept it. Might be hard in the beginning, but that's what it is. And then as we go along and have that experience under our belt, the results might turn out positive in the long run.

People with knowledge about the market and trading practices wouldn't worry about the price and will buy if they want to as long as they are planning to buy and hold for the long term. They would know how they will need to buy to avoid incurring a lot of losses even if the price goes down from where they start buying.

Applying the DCA method is the way to go for investors who are willing to buy for the long term and don't want to wait because if you wait, and the market goes up further, that is going to be costly for you, but if you start buying at the current price, if it goes up, you will have profits, and if it goes down, you can buy more if you are using the DCA method for your purchases.

That is how it should be done.