Is this a good plan

[Oshosondy]

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

[Jating]

You can never go wrong investing when the price is going down. So for me this is a good strategy, and as long as you can accumulate and look to hold it for long term, so you don't have to worry. We already know bitcoin's track record, so if the price hits $60k, you are already making profits.

This is the classic, BTFD a winning strategy so at least you are also mitigating the risk on your part. Goodluck!!

[Saisher]

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

I have done that in the past because we never know exactly the floor price or when the price will go up again, it's actually a good strategy the only negative side is on your first part of the purchase the price goes up and starting to go up, you have no choice but to pick up the current price when it is going up, I also believe that the price will reach $60k again hopefully this year.

[OgNasty]

Sounds like you’re describing dollar cost averaging which is a good investment strategy. Might I also suggest considering putting in X amount of dollars over a certain time frame. That way if your low price targets aren’t hit you are still purchasing some so you don’t miss out on price increases. I think strategies like this take the emotional element out of investing which is usually new traders’ downfall.

[traderethereum]

Yes, I think that is a good investment plan because you can split your funds into a few parts, which can help you buy bitcoin at a low price.
If the price is not down to your target price, you do not need to worry because if the trend still goes down, you will have that chance to buy bitcoin.
But I hope the price will not go down below $30k and if that will not happen, I think you need to know what you should do because the market is hard to predict.

[Wind_FURY]

OP, good plan! But don’t be afraid to make your second bid, and subsequent bids lower. Because if Bitcoin crashes below $30,000 in a truly convincing way, you can be sure that bids made at $20,000 to $25,000 will be hit. Prepare for the worst hope for the best. Plus you can always average up on strength by buying dips during a surge.

[davis196]

This looks like a good plan,as long as your expectations become reality.
What if the Bitcoin price doesn't drop below 30K USD?Will you just keep waiting and not investing the rest of your capital?If you are so sure that a big price drop will occur,then why don't you try and take advantage of it by shorting your BTC?I'm not giving you any financial advise.I'm just asking why are you so confident that the Bitcoin price will drop?

[LogitechMouse]

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

With this, you can never go wrong.
The only thing right now is that, are you patient enough to wait?? Are you ready if for example your investment losses its value since Bitcoin might go down even further?

If you're answer to the 2 is yes then this is a good plan for you. You believe that Bitcoin will go back to its ATH @$64,000 which will definitely happen. A good investment plan for me and you can never go wrong with investing into Bitcoin as long as you are willing to hold if it goes down. After all, Bitcoin will go up and up like what it is doing right from the start. It might be going up and down but the trend is upwards so...... yeah. Just put your money into Bitcoin and just hold .

[Lucius]

No matter how you plan your investment, the most important thing is not to gamble with money that you are not ready to lose - in other words, do not invest the money you need and do not borrow for risky investments. However, you should be aware that your plan has one drawback, and that is that you will not be able to fully implement it if the price stays above $30 000 - which would mean that 60% of the money you plan to invest will remain unused.

If you really believe that the price will reach $60k again, every investment at this point means 100% profit - although I understand that at this point many expect some new drop of at least 15% -20%. Sometimes greed can be expensive, but it should still be the choice of each individual.

[zanezane]

For me, if I have the money, I think this is probably the right time to buy bitcoin since it's basically 40% or so of the current ATH and you don't want to miss out on that percentage when the prices spike up higher than the current ATH.

[Welsh]

I think strategies like this take the emotional element out of investing which is usually new traders’ downfall.

Absolutely, and this is going to answer the OP's question partly too, but whenever you are investing whether its for the long term or for short term trading, you should try to remove as much emotion from it as possible. Bots, are extremely good for this, and if you don't interfere with them you should profit over time, at least judging by the history of Bitcoin, you would only profit in the long run.

Emotion is what causes panic buying, and selling. The OP's method above is fine, but instead of manually doing it, I would probably use a bot or setup automated payments on an exchange if they allow it, so you remove that emotional element.

[erep]

Investing in stages is the best solution in investing crypto compared to buying all at once, this investment method can speed up the recovery of losses if when the price of btc goes down then rises back to the initial price on the first investment, I only share 3 stages in investing with each range further apart.

[barota]

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

the investement in bitcoin is good but if you wait for long term 2 year or more , for your strategie of investement buying bitcoin now and buying another time or every time prices fall it think it is good if you have more money or salary . but for traders that have only one investement without salary it is very dificult to reduce the loss if prices fall or bitcoin crash for this reason they sold their bitcoin for buying cheap . the problem too is if priced rise they will buy again with loss ?

[Fortify]

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

Similar to a stock market investment, you need to be thinking about a 5 year minimum long term plan for your money. There is too much super-fast technology that is focused on squeezing and draining every bit of money from short term traders, they rely on strategies and data analysis that can provide up to date evaluations of the current trends that you are very unlikely to beat. At a minimum you need to perceive where the price will be in 3 months time if you wish to trade it, however if you want to invest because you think it has foolproof long term potential then dollar-cost averaging might be the way to go - put a fixed amount in each month so you benefit from peaks & troughs in the price over time.

[Mahanton]

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

You would call it on forex as Average down: Link

"When a trader purchases an asset, the asset’s price drops, and if the trader purchases more, it is referred to as averaging down.

It is called averaging down because the average cost of the asset or financial instrument has been lowered. "

Not a bad idea but risk would always behind.You wouldnt know if the price would go deep down further.

[Coyster]

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

In my opinion, it's not actually a bad stretegy, but Bitcoin may very well appreciate in price to something around $60k without having to fall down to $20k, and since you planned to continually buy as the price falls at intervals till it gets to $20k, that somewhat ruins your plans. If you believe in the network and you're a long term investor as well, buying all the coins in your budget all at one go is not a bad choice, you said it yourself that you believe the price could go above $60k, that makes the present price a good bargain and outrightly buying all the coins you need a good option.

[passwordnow]

That's a good strategy so you can still buy if ever the price goes down. I have never thought of this strategy until I've made mistakes and learned from the other people who probably have said the same scenario. It's actually a good strategy as long as you've got plans of investing and you're going to follow that. But, what if after you invest in $32k and then the price suddenly rises? are you still going to do the same thing and will still buy after each increase? Since your target is the past ATH.

[dothebeats]

This is okay, and you call it averaging. You are basically lowering down the costs of your entry prices, giving you a higher profit potential should your assets appreciate in value. It's actually an excellent strategy for people who don't really have that extensive knowledge in trading. However, this strategy doesn't end on just averaging down your buy-ins; you also need to have the patience of a god in order to not sell at a loss. In bitcoin, it may take weeks or months before price movements occur, so be ready on holding to your bags even if the urge to sell is strong.

[Hippocrypto]

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

You had a strong will to pursue that plans of yours, it's not a problem unless you had a long term patience. This isn't all about investment but we're talking here emotions, the more struggles you had more rewards will come. If I used to follow what reality is, most probably I became a millionaire by the time bullrun commenced this year. Unfortunately, it wasn't destined to happen because of too much ambitions.

[Ararbermas]

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I  am thinking it is right time to invest, I want to divide my bitcoin investments into  5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

buying bitcoin everytime when its going down probably a good idea mate.. But you need to pay a large of fees for that. Do you remember that it's still expensive? If you want to dived your investment into 5 you should calculate it now how much fee that you need to spend with it because for sure it will increase as well.. Just saying