Yes, you who are waiting, what is your excuse now?

[Fundamentals Of]

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

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[darewaller]

Unfortunately not everyone knows when to get in when the price is so high, and I understand them. I do not get involved all-in, that is not my style and I would advice everyone against it as well, but there are tons of people who do that, and when you want to get involved this much all at once, you have to get in at a right price.

When the price went down, it was obviously a chance to get in, and everyone who had a bit of money should have bought some, but at the same time there were tons of people who waited for a crash, not just $28k but even further down as well, so they probably waited for it to go down even more before they got involved. The good thing about it is that since price went low but then skyrocketed back, that means price obviously recovered by a lot of people who bought, which means there were tons of people who bought when it went down.

[magneto]

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

It's certainly an opportunity to stock up on positions if you haven't already.

But I would only advise to do so if:

a) You are comfortable holding coins long term. This is the most important and probably the most deceiving - you must be absolutely brutally honest with yourself whether you are in BTC for the long term fundamentals or just for the short term gains.

b) You are not buying on credit. Taking loans out etc. just to buy into the FOMO is probably one of the worst decisions that you can make financially.

Also, make sure you dollar cost average - it is entirely plausible that BTC prices drop further in this correction. It had been a crazy pump.

[Reid]

Yeah, heard that a lot.
Up until now its still full regrets they didnt buy anything before or even just a week ago.
Well, they love to wait. So I guess we also just have to wait for their courage to be complete before we expect them to move.
You cannot please everyone or force them.
Its their choice and will also be their emotional problem if regrets took over.

[exstasie]

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

I'm sure most people didn't. Usually when people are waiting for a dip, they end up chickening out and becoming too fearful to buy once they see how fast price is crashing. It's down 10%, then 15%, then 20% in less than a day.....it's very easy to think it'll drop further. Lots of bids got pulled yesterday, I'm sure!

And it might drop further yet. If we got an instant retrace to $34K, we could say with confidence the dip is over. Instead, price tagged the 0.618 retrace and is now printing lower highs. Another leg down and/or a mid-term correction that stretches for weeks is still possible.

I wouldn't call it over quite yet. The time to rub it in will be when the market is back pushing new highs.

[Poker Player]

The people you are addressing probably won't read the post. They are also more likely to buy expensive and sell when it goes down because they get scared, as extasie says, which is the opposite of what you should do. The excuse for not buying this dip is the same as for not buying at $4-5k in March: for them it looks like the world is going to end.

[mk4]

Apparently, it seems like when people say something like "I'll wait for a dip", they're waiting for something like $3000 lmao. And when 'if' it actually comes(I think it's highly unlikely in this case), they'll be like "I'll wait for it to drop more".

Quick lesson: Just dollar-cost average, ladies and gentlemen. https://dcabtc.com/

[STT]

If we got 3000 or 5000 even the sentiment at this time would be abysmal which is why people end up saying its bullish when none of the recent threads reflect buying in but similarly when every single thread is hyper bullish its a red flag to watch out for because it shows likely too many of the buyers are already in the price.
   It is hard to know when the dip is purely short term, volume is something of a clue but we have alot of different exchanges so some use Bitfinex as reference

[Timelord2067]

I must have blinked when the price did that. It's down a little at $31,500 currently. If you're that keen an investor you're waiting for a pothole before you buy, then you probably already know what you are doing.

The old adage buy low, sell high is true for Bitcoin. We are at all time highs, so those getting out now have made their money. Those buying now are going to have to hold their nerves for months ( years? ) Until the price recovers when it next bottoms out.

[michellee]

We can enter the market when the price is down, and we already saw it happened many times. The best price that we can buy is the price that you can accept to buy. You can buy bitcoin anytime you want and you do not have to wait for the price to go down, but it is better to buy bitcoin at a low price. I already buy bitcoin at $30k and still hold it for more because I believe that the bitcoin price will increase to the high price.

[cryptomaniac_xxx]

Yeah, we have seen many 'investors' complain that the price is too high, but when we had a correction, still the price for them is too steep, lol. I guess everyone is waiting for the price to go to 4 digits again, but I don't think it will happen now as the market is in a super fast rally. We might get to $35k even this week if everything went perfectly again.

[Lucius]

For those who follow the thoughts of some forum users a little better, it is easy to conclude that they are waiting for a price below $20 000 because this bubble must burst - and they are all affected by what happened at the transition from 2017 to 2018, or what happened in March last year.

Let’s be realistic, the price above $30 000 is extremely high and unexpected, so small investors are left out and waiting for some new correction to re-enter. With Bitcoin one should always count on a surprise, but I ask you does anyone see a 50% correction as something realistic at this point?

[Fundamentals Of]

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

I'm sure most people didn't. Usually when people are waiting for a dip, they end up chickening out and becoming too fearful to buy once they see how fast price is crashing. It's down 10%, then 15%, then 20% in less than a day.....it's very easy to think it'll drop further. Lots of bids got pulled yesterday, I'm sure!

That's so true. Many of those who are waiting for the dip were probably left out from this quick discount giveaway. That sudden price fall probably gave them a little worry instead of excitement. It actually takes more courage to buy during a hard fall than during a rally. That's so wrong but true.

The old adage buy low, sell high is true for Bitcoin. We are at all time highs, so those getting out now have made their money. Those buying now are going to have to hold their nerves for months ( years? ) Until the price recovers when it next bottoms out.

That old adage is easier said than done. It takes turning off all emotions. That's why trading, a profitable one at least, is such a hard and stressful thing to do. Lol.

[Bttzed03]

~ Let’s be realistic, the price above $30 000 is extremely high and unexpected, so small investors are left out and waiting for some new correction to re-enter. With Bitcoin one should always count on a surprise, but I ask you does anyone see a 50% correction as something realistic at this point?

BTC at $30K is not entirely unexpected because some people have been calling for it. Most of us just didn't listen. The 50% drop will only happen once institutional investors, who are also the major reason for the pump, starts leaving the market. As it is now, I don't see that happening anytime soon with the inflation caused by the pandemic.

[BrewMaster]

historically all those who have been waiting for a "dip" have no clue about the future of bitcoin since they mostly don't even know what bitcoin is. they just think of it as something you buy that may go up and make you rich!
consequently these people are easy on believing any FUD they read which is why during dips they always remember all those FUDs about bitcoin is dead and panic thinking that is the last time so they don't buy.
in fact this type of people is one of the biggest reasons why we keep seeing FOMO buys in bitcoin.

[wxa7115]

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

Most likely they did not bought at those prices, people that say things like that are always waiting for the perfect opportunity to enter the market not realizing there is no perfect opportunity, you will always have to take a risk if you want to become profitable and if that means buying bitcoin when the price went down so significantly then so be it.

However they are greedy and they want a bigger drop however once that big drop happens then they are worried the price could keep going down and they do not buy, as you can it is a never ending story with those people, they are always waiting for some nebulous entry point that never materializes.

[el kaka22]

Didn't this kind of happened already? I mean I am not the wisest person to talk about the markets, you can surely find someone better, but doesn't the price reflect that? You are talking about "did you buy when it was 27-28k levels?" and when I look at the jump, it looks like it did went under 28k for a very very quick period of time, it didn't stayed there a lot and price jumped right back up to over 30k very quickly and already 31k.

Now by logic, for bitcoin price to go up, what do we need? We need people to be buying more bitcoin than selling it, well if the price went up, what does that tell us? It means people bought more than they sold. This also means when the price went to 27-28k levels, it is obvious that people actually bought at low level and considering how it went down from 34k, it means they sold at high levels as well. So, it looks like everyone did what they have to do correctly.

[exstasie]

The old adage buy low, sell high is true for Bitcoin. We are at all time highs, so those getting out now have made their money. Those buying now are going to have to hold their nerves for months ( years? ) Until the price recovers when it next bottoms out.

The $34.8K high is ~75% above the previous ATH from 2017.

For comparison, after breaking the 2013 ATH, BTC rallied another ~1600% before topping out near $20K.

Do you really think the upside is limited to that 75% extension? I don't.

If the price feels high, I suggest replacing that adage with a new one: buy high, sell higher.

[Saisher]

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

It's the volatility of the market that makes the people continue to ask when is the best time to buy, there are a lot of good option to buy, when there is a dip when there is correction and the best time is when Bitcoin is crashing, but it's always recommended that you invest what you can afford to lose in any condition that you choose to buy Bitcoin.

[rodskee]

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

Just check the profile of those accounts that asking these questions and you'll find the answers ..Most of those are just Dummy account of spammers and created the thread for their accounts to spam.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

I have Bought small amount at 29,000 as i thought that was the bottom and no regrets even if it falls until 28,000.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

Lucky that i did, because i am almost 20% profit now at this very moment.