Who’s itching to buy?

[Oceat]

Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.

So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.

[Dart18]

Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.

So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.

Yes, that's the problem now. No more funds. I stacked up Bitcoin at $29k and I didn't realize I cannot afford an altcoin anymore. The good thing is now it is in good hands/wallet. Just waiting for some profits to come and I may end up selling it back and wait for another dump.
I have a speculation that this bear market is not over yet. It will come back and forth at the range of $29k to $35k. Short term trading could be a good way to make money or just increase the number of Bitcoin.

[doomloop]

Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.

So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.

Yes, that's the problem now. No more funds. I stacked up Bitcoin at $29k and I didn't realize I cannot afford an altcoin anymore. The good thing is now it is in good hands/wallet. Just waiting for some profits to come and I may end up selling it back and wait for another dump.
I have a speculation that this bear market is not over yet. It will come back and forth at the range of $29k to $35k. Short term trading could be a good way to make money or just increase the number of Bitcoin.

You buy at 29k? nice. You might be earning some now because the price is at 30k something again. You can short some of your bitcoins but it's important to keep most of it for the long term. Don't worry about the altcoins. They are just a slave of bitcoin.

To me, it's better if you can just put all that money in btc than putting some of it in alts. It won't still be beneficial anyway, because the money that you put in are not huge enough.

If you are serious with altcoins then don't invest in bitcoin. In case you have the funds again, just don't use it all because there can be a chance that the price can drop further. Wise investors are using this trick so they are the ones that still have a money left for buying more.

[Desmong]

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Well if you choose to buy some altcoins now that the market is down, that sounds great and it will help you to segregate your entire assets. The market currently is not amazing and we need to have good idea about the market to be able to get the latest info about Bitcoin and other staffs. No one knows what will happen next but we need to be very sensitive to the market to know what step the cryptocurrency market is heading to whether bull or bear.

[Anders_Bitcoin]

To me it seems that we are seeing a general downwards trend in crypto currencies and other asset classes. Inflation is rising and the economic outlooks are not that great for most countries. We just got out of the covid mess and now things are looking bad again. Usually these are good times to buy, when the majority of investors is looking for a way out there are opportunities to profit. Buying a variety of the top alt coins is a good idea. When prices will recover alt coins are expected to outperform other assets, but they also have more risks. If you don't need the money right now than go for it. Personally I want to add some more BTC and ETH to my portfolio. Hopefully I am getting mostly cash for my birthday next month, than I can put all that into cryptos.

I think buying altcoins should be followed by buying bitcoins because bitcoin serves as a kind of diversifying asset in this regard. It has not lost that much lately compared to altcoins, which have lost 70-90%

[Anders_Bitcoin]

to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however, I myself believe that the market will recover until I have exchanged my stablecoin for several Altcoins that I believe in.

I keep about 40% of my stablecoins in liquidity pools on wowswap, where I moved my assets from anchor just before the UST scam. Getting passive income at the same time I make regular purchases of BTC, ETH and BNB. I think we can afford it now, because we are not at the top anymore.   

[Anders_Bitcoin]

Obviously this seem as a good time to be. However I think it is still to early. Do not be fooled we are in a bear market, and I believe we will be for the most of 2022 even 2023, so in my opinion I think you should wait, although I do not think BTC will go lower that 15k.

I have the same opinion, I DCA bitcoin regularly, but I am also more inclined to open a short position to the 15k level, as this decline should be gradual over two years

[Anders_Bitcoin]

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

I’ve already started DCA for Bitcoin this month without question. Could have ended up buying LUNA because of those temptations lol, but I’ve already decided to go for long term with Bitcoin. As of right now, only BTC and ETH are the worthy coins to do DCA.

I know that we are waiting for the right time to buy Bitcoin when it dips even more. But the reality is that there is no perfect timing. Regardless of the price movement of BTC, I have made a commitment to DCA with Bitcoin with my extra money (can’t say beer money coz’ I don’t drink that lol) which is to build wealth overtime.

The LUNA situation tested all experienced traders for FOMO, I was exposed to it for a few dollars, but I am not at a heavy loss, I believe that I withstood this temptation unlike the people who keep increasing the volume of this scam

[Anders_Bitcoin]

I'm not ready to buy more BTC yet, but I've been stacking some Coinbase shares. It's partly a bet on USDC as they own 50% of it. You know how USDC makes money? Interest. Rising interest rates are a good time to be in the stablecoin business.

Some of my stablez bring me a good passive income. They are placed in LP on wowswap. I mean BUSD and also USDC. I think this is a good strategy to increase my stablez for further bitcoin buying

[sklopan]

When I thought about what to buy, I rarely asked others for advice for one simple reason. They began to advise me, and I finally began to doubt.

[Quidat]

When I thought about what to buy, I rarely asked others for advice for one simple reason. They began to advise me, and I finally began to doubt.

Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.

[Chato1977]

Of course, everyone is itching to buy this dip but the question is, do you still have funds to buy the dip?
Since we are already in a bear trend I think the market would dump again next month and this means that Bitcoin price would soon hit the bottom but there is a strong support that continue to hold the price between $28k to $30k. Although some of us are expecting that it would pump more than $32k or something that would lead to reach $40k soon but that would be ridiculous to think that it would pump since we are in a bear trend.

So the nearest possible price that Bitcoin would reach if there's a pump would be the $35k but I'm not sure.

Yes, that's the problem now. No more funds. I stacked up Bitcoin at $29k and I didn't realize I cannot afford an altcoin anymore. The good thing is now it is in good hands/wallet. Just waiting for some profits to come and I may end up selling it back and wait for another dump.
I have a speculation that this bear market is not over yet. It will come back and forth at the range of $29k to $35k. Short term trading could be a good way to make money or just increase the number of Bitcoin.

You bought at 29k? don't worry you will earn your winning in the next months mate , this is how reliable Bitcoin and to be the best currency to invest for.

let the market show you how this work and never felt frustrations.

[RealMalatesta]

Stick to your own so that you wont really be regretting once you do made out a bad decision because if you do tend to follow others and turns out to be negative then you would really be having that regret inside which isnt something good.Its better to lose with your own analysis and preference rather than on hearing out other peoples suggestions which is just really simply the same or simple speculation or prediction.
Buy if you do see that it is the bottom price and dont let yourself easily panic on times like these since its been really just a normal cycle for this market to have on where not all the times
we are seeing high or huge numbers.There's always a correction next in line.

Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.

[savetheFORUM]

You buy at 29k? nice. You might be earning some now because the price is at 30k something again. You can short some of your bitcoins but it's important to keep most of it for the long term. Don't worry about the altcoins. They are just a slave of bitcoin.

To me, it's better if you can just put all that money in btc than putting some of it in alts. It won't still be beneficial anyway, because the money that you put in are not huge enough.

If you are serious with altcoins then don't invest in bitcoin. In case you have the funds again, just don't use it all because there can be a chance that the price can drop further. Wise investors are using this trick so they are the ones that still have a money left for buying more.

I know that it is not a perfect situation to be in. I know that it will take a while before people could buy at these levels again as well. So, it is clear that some people who are taking the biggest risks and buying right now would be the people who end up profiting the most in the long run as well.

I believe that we should be buying right now, and told this to many people, but it didn't really resonated with people all that well. What we are all looking at right now is how it will react to recovery. I mean we are not dropping right now, all of that fed and luna stuff happened and its in the past, so whats next? When and how will we recover?

[dunfida]

You buy at 29k? nice. You might be earning some now because the price is at 30k something again. You can short some of your bitcoins but it's important to keep most of it for the long term. Don't worry about the altcoins. They are just a slave of bitcoin.

To me, it's better if you can just put all that money in btc than putting some of it in alts. It won't still be beneficial anyway, because the money that you put in are not huge enough.

If you are serious with altcoins then don't invest in bitcoin. In case you have the funds again, just don't use it all because there can be a chance that the price can drop further. Wise investors are using this trick so they are the ones that still have a money left for buying more.

I know that it is not a perfect situation to be in. I know that it will take a while before people could buy at these levels again as well. So, it is clear that some people who are taking the biggest risks and buying right now would be the people who end up profiting the most in the long run as well.

I believe that we should be buying right now, and told this to many people, but it didn't really resonated with people all that well. What we are all looking at right now is how it will react to recovery. I mean we are not dropping right now, all of that fed and luna stuff happened and its in the past, so whats next? When and how will we recover?

Recovery question is something the most common that we do have or thing we have in mind and since this market is unpredictable then we do continue to make speculations attaching with some analysis in regarding market price.

Buying decision will vary into each person since not all would be having the money and not all would be having that kind of courage on doing so because they are still in doubt on putting up some risk that's why some do able to get in on the right time and some do miss out the opportunity.

[dezoel]

Itching to buy can land you in some serious troubles though sometimes.

One of my very close friends was watching what was happening with LUNA and he decided to buy when the price dropped from $100 to around $3-4 and the price continued to drop and he decided that h would even buy UST at $0.4 or something like that because UST was always meant to remain at $1 as you might know.

He continues to buy (DCA) until the price actually dropped to $0.01 and by the time he realized what he was doing, he lost everything. Now he is in depression and hopes someday LUNA will jump back to at least $1 .. which I know will never happen.

So, never fall for itching to buy, it can be deadly!

[LUCKMCFLY]

Market will rebound back, it is just a matter of time. Like I have seen for the last few years it is a cycle and we are in the bearish phase of the cycle. It is important to sustain through the bear phase and buy the asset at lower than average prices so you can sell during the bullish phase.

Questioning why it happens or what to do if it never goes back up will waste your time and is irrelevant. Whenever a bear cycle starts such sentiments are common and need to be avoided.

There needs to be a balance of what to do during bear and bull phases so it never feels like you are not able to do anything while the market moves. That gives a sort of mental cushioning. Additionally one can move to fiat based markets if they have experience in the same for the time being.

The bottom this cycle was around 26k, some places even saw as low as 25k but let's take it as 26k. We are already above 29.5k and that is why I believe that it is something much better. I do not know what to say, because if that isn't a recovery then I do not know what a recovery is.

I know that it's going to be quite a big deal when the price hits 40k+ because that is what people are expecting right now, and there will be some people who say "it is recovered" when they see 40k, but there is like 30% difference between 30k and 40k, so why not take advantage of that as well? Just out of fear, many people miss that.

Yes, it is a very good reason to do it, but we cannot see it that way at all, I have a way of thinking that I do not know if it will be good or bad, it is: If you buy below the last ATH of BTC it is a good deal, only you have to wait for the BTC to go up to the same ATH or even if it goes up, wait for a new ATH, usually the new ATHs of BTC are very big and juicy, this is the behavior of BTC, at least I am a believer in the S2F model of PlanB, for which I find it very reliable and more because I know that it is long-term, this gives me peace of mind and in some way it is being fulfilled.

[barbara44]

Making a mistake all by yourself is not a bad thing because you know where it went wrong and you could avoid doing that again. However, if you have no idea what went wrong and you are just following a person, then if that person doesn't make you any money then you will stop following that person and follow another person.

Always learn to trade yourself, I would understand following others when you are a newbie, you could follow them until you learn yourself, but anyone who has been in crypto for over a month should be able to make their own decisions, if not then just buy bitcoin and you could make a profit that way without taking much risk.

You need to be someone who understand trading in order to understand why you made a mistake. When I first started out, if I traded and made a mistake then I wouldn't know what went wrong and why it went down.

This happened, it is a real story because I traded early on and I made some mistakes and it went low, and I went back to charts and try to find what was the mistake, I learned about trading and indicators and charts, I was learning to be fair, and when it went down I checked and it was exactly like what I should be checking and then suddenly it became a bit of a problem because I didn't know what to look at. So, you need to learn about it a bit before you can understand.

[sensimilia]

to decide to buy you should not be in a hurry.
to what extent the price decline will occur no one can know for sure, but now it looks like the sharp decline has ended the price has stabilized in the last 24 hours. maybe if you believe that Bitcoin or Altcoin will be able to get back up at a time like this it is very appropriate to buy.
however,

Its hard to buy in rush situation since we don't know the outcome of the market at the end of the day also we should do more careful technical analysis on how the market flow since if we bought at wrong position then provably we will just get panic if the price fall. So best to wait for ideal price to buy since we don't have anything to wait and it seems we will not see any huge pump for this year.

If you just believe on bitcoin and you think for long term hold then maybe any price will be suitable since most provably in next halving we can see good price action towards bitcoin at that time.

I don't think it's okay to rush into something, but it's not okay to rush, especially when it comes to chatting. If you really do trade here, you'll get in a lot of trouble.  It will be seen that you will not have any problem. There are some coins that you have to buy by looking at them. You have to sell them by looking at them.  And you have to have an idea of ​​when the price of all these coins goes up and down

[sklopan]

I would advise you to do a qualitative analysis yourself. For the advice of other traders is certainly good, but you will not trust them the way you trust yourself.