Is this a good plan

[Rajamuda]

There's nothing wrong, this can be a profitable booster of course, if I have enough capital.. I will do what you are going to do, it's a good plan when the bitcoin price is in a downtrend, which is of course only temporary and can be used as another opportunity to buy if we have more money in the pocket.
It is very important that we are smarter in responding to the situation of price movements which actually still provide an opportunity to increase, a sense of patience and optimism is needed here, doubt only causes regret, and confidence is a booster for satisfying results and good luck to you.

[1715049972]

1715049972

[1715049972]

1715049972

[1715049972]

1715049972

[1715049972]

1715049972

[Xinarae*]

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.

Currently Bitcoin and ETH will be good investments as per the market conditions the price of ethereum will increase as the price of bitcoin increases this is a good time to invest in seeing the price rise a lot more.

[ethereumhunter]

You have a good plan because by doing that, you can buy bitcoin at many low prices, which will give you profit if somehow, you want to sell some bitcoin at a high price. While you do that, you need to be careful because sometimes, bitcoin can drop for $2k but that will not be a problem because I see you already have more money to invest in bitcoin. I suggest you set your alarm so when the price start goes down, and you will know and prepare yourself to place your order for the price you want.

[el kaka22]

That is literally called DCA which is dollar cost averaging and it has been a thing for probably around over 3 decades now, at least as far as I know, maybe before that as well I can't say. It is a good idea of course and the best idea, I have been doing that for over a decade in investment and doing that for years in bitcoin as well and it has worked amazingly.

I do not stop when it is going up neither by the way, your idea is to buy when the price changes, my idea is that buy periodically every chance you get, like for example once a week, or once every two weeks or even once a month and keep doing that, that would ensure that you get bitcoin at every price, sometimes lower and sometimes higher. Thanks to this I did buy some at as low as 6k and as high as 50k but my average is under 20k right now and I can honestly say that I am very happy with it.

[Oshosondy]

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.

Emotion will result to panic sell which is not worth it at all, I have checked and study the history of bitcoin price and noticed it is worth it waiting for market price to first decrease, the price was over $60000 before and now the price is $34000. Investing at $30000 which I have already did but with low amount is best for me, if the price increase, I will gain. But I am still waiting if the price of bitcoin will fall, I am expecting bitcoin can still fall to $20000, this will the price I will have my 100% investment on bitcoin but not necessary for this to happen because it might not fall to such extent. This strategy is beyond panic, I know it will work.

[rhomelmabini]

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 guess you got a good plan but it's a matter of sticking on that plan and you should not do the "buy at high, sell at low" strategy. We may never know if it really goes to that level again but the sentiment is higher that it may happen but it's an understatement though.

[Clairvoyance]

Yes! Buying on dip is a good plan. Every now and then BTC will reach new all time high and subsequently a massive FUD and correction will take place. After correction we will see some weak hands selling and ranting "BTC Scam, Crypto sucks". It is a common strategy to buy on dip and sell on new high. TIP: Summer is the sale season for crypto and Winter is for raking your gains.

[Ngemmeng]

Yes! Buying on dip is a good plan. Every now and then BTC will reach new all time high and subsequently a massive FUD and correction will take place. After correction we will see some weak hands selling and ranting "BTC Scam, Crypto sucks". It is a common strategy to buy on dip and sell on new high. TIP: Summer is the sale season for crypto and Winter is for raking your gains.

sometimes selling is the right choice to avoid bigger losses, then buying back when it hits bottom. bitcoin is very sensitive to bad news, there is little bad news that hit bitcoin there will be many holders panic and then sell. people with big capital take advantage of this moment to buy.

[ene1980]

TIP: Summer is the sale season for crypto and Winter is for raking your gains.

This statement is accurate till now and whenever we have summer the price usually goes up and that was seen as a trend because people will be going for holiday and book their profit and then during Winter the price rallies, but there is a difference this time as there are huge investment from institutional investors and we have no idea what they are planning to do and when they will be booking their profit.

@OP, investing in stages is always the best option when the market is looking for directions.

[Renampun]

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?

it's a brilliant plan, keep buying even though the initial investment is losing...

but this idea can only be done by those who have good financial management skills. I'm sure I will imitate your method if the Bitcoin price keeps going down because I'm sure the Bitcoin price prediction will pass $ 100k.

[btc_angela]

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 guess you got a good plan but it's a matter of sticking on that plan and you should not do the "buy at high, sell at low" strategy. We may never know if it really goes to that level again but the sentiment is higher that it may happen but it's an understatement though.

That's the hardest thing though, to stick to the plan and not let your emotions run into you and sell your stash specially if you are looking for this plan for long term. But then again, everyone is very different, we all have plans, so it's either we succeed or fail in this game.

I do hope though that the price will go to $60k, I think that's what everyone expectations here. We have touch it before and obviously we can still do it before the end of the year.

The lesson here is just to be prepared on whatever the market brings to us.

[arwin100]

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?

If you are not sure with your decisions to invest for future then maybe its good to see the history stats of bitcoin since from there you can catch up with those ideas that we can still see  more pumps with bitcoin  andd I'm not afraid with current situation since its good opportunity to buy some after it pull back  due to some fud spreadd. I believe that we  can see it rise again  at 60k but I'm expecting that 6 ATH will be break by bitcoins  in future.

[Raflesia]

I believe that we  can see it rise again  at 60k but I'm expecting that 6 ATH will be break by bitcoins  in future.

Bitcoin can go up again even that has been confirmed for me but I don't know when it will be and the future of bitcoin will definitely experience good growth from now onwards.
Have you seen the previous history of bitcoin which has reached ATH in 2017 then it was big bearish up to $3,800 and now it has reached ATH $64k it is not impossible that this will be multiplied for people who are ready of course they will invest for a long time even up to 5 next year.
If you are not strong enough to do that then just follow the flow of the market so you will know how the reaction is from day to day.

[fullhdpixel]

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?

If people are worried about buying bitcoin that is because they are either new or they are very high maintenance traders there is really no other choice. As a person who is big on long term bitcoin investment I find this plan to be perfectly capable of making anyone money in the long run, it could be a lot of money or it could be a little bit of money but you will make a profit from this idea.

Plus if you do this in current price you will definitely make money, if you did this when it was 60k you would still make a profit one day but it would take years before you could make a profit once again, or maybe not that long but at least that is what the goal would look like. So I do believe that for long term investors this is the right way to invest, what you said is a great idea and would definitely mean a lot of profit to anyone who follows those rules.

[Bigmikie]

Success is a mindset thing and making it in the Crypto industry is actually based on mindset and the technical Know-How that one has. And on the  basis  of  this lies the capability of making it in the industry.
But mind you that sometimes your prediction or evaluation might not be as accurate as you want it to be because someones else's loss is another person profit and so if you want to be on the save  side of not always running loss the proper technical knowledge is highly needed plus a moderate capital for investment.

[Oasisman]

Sounds like you’re describing dollar cost averaging which is a good investment strategy.

Yes, this is absolutely right.
The DCA investment strategy focuses on the potential long term profit by buying at a lower price which was also divided into several buys in hopes of the price to fall below the first or second buy.
This strategy also avoids investors to fomo once there's an uptrend of Btc's price.
So, for me this a good investment plan. At least you're securing your investment avoiding unnecessary losses, doesn't miss a good entry point, and a long term profit perspective.

[adaseb]

You should always average in and average out of positions. Basically if you don’t know how then just buy at a certain time of the week or month of whatever price Bitcoin is at. This way you get some good buys, average buy and some which are overpaid but at least you got a good average. Much better than going all in at the wrong time.

Same with selling. You should average out, especially when price is going up. Most people assumed we would touch $100K at least and nobody knew we would peak at $64K. So those that took some profits are in a better situation than those that didn’t sell anything at all.

[freedomgo]

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?

Bitcoin is always a good investment, and your goal will likely come, however, we never know when it will come. But yes, buy during the dip and I believe the price has dip already, but don't put everything yet, who knows, it will dump more and you can still accumulate a cheaper bitcoin. All I can say is that make bitcoin the biggest in your portfolio as it's the most popular asset and the biggest, if you'll follow that, the risk will be lowred.

[South Park]

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?

It is not a bad strategy, just remember to put those limit orders on the exchange so they can be fulfilled even if you are sleeping as you do not want to miss the opportunity just because you were not watching the markets, however I will add that you need to have a strategy in the case this never happens, after all I could see the 31k, 30k and the 28k orders eventually being fulfilled but I have my doubts about the 25k and the 20k limit orders so you need to know what would you do in the case this does not happen.

[RealMalatesta]

If you are not sure with your decisions to invest for future then maybe its good to see the history stats of bitcoin since from there you can catch up with those ideas that we can still see  more pumps with bitcoin  andd I'm not afraid with current situation since its good opportunity to buy some after it pull back  due to some fud spreadd. I believe that we  can see it rise again  at 60k but I'm expecting that 6 ATH will be break by bitcoins  in future.

That FUD spread is not really the only reason why the price dropped down, I personally believe that we have seen the drop because it was a drop and I do not think that it is really that much of a problem to see that. I do not think that we should be focusing on the drops causes because in the end it happened and it is over. We should be focusing on reasons to get it high again which would be a lot more helpful.

I get that it is not something that is problematic to just let it be, I just feel like we are talking about something that is just irrelevant right now when we talk about the past, and we should always talk about the future to get us something profitable. Of course FUD could be the cause but I believe it was just bubbled up too much and when the hype died down then the price went low, there were FUD when we were going up as well but we ignored, we should do that again.