Don’t rush to buy Bitcoin

[Johnyz]

Have the right timing, the market is very unstable and yes the price can drop again, honestly there’s no bottom yet and every drop is still possible to happen. Though I don’t have much buying power, so If I think the price is already cheap and good to buy, better for me to execute it right away. Waiting can be more challenging, you might miss the opportunity because of too much waiting.

[1714142730]

1714142730

[Viscore]

I'm not going to do that for buying now it looks like we have to be a little patient for the right moment, I know a lot of people continue to speculate about buying now but in reality bitcoin will go down to the bottom again, we have to know the cycle before this will indeed happen 2018 with some saying so but I still see continuous movement.
The reference point of 20k is indeed the lowest. I am still preparing everything, whether this is the right moment or will it take a long time.

Now that the market is hitting the bearish season, i guess patience will do a lot if we can still wait for a better price for bitcoin to buy. Do not mind with other's speculations, have your own analysis of the market. If you think btc price will drop more, then wait for it, but if you want to buy in every price drops, then do the DCA. It will be a lot safer that way. Just don't sell them unless you start seeing a good price to sell.

[Scripture]

Patience and stay away from leverage….

This can be a big help to protect your money and of course to give you a chance to have Bitcoin at a cheaper price.
Right now, the price is still down there might be no assurance for another drop but based on its chart and its volume, I guess the price is still not bound for any rise as of the moment so technically the volume is still weak for the buyers and the sellers are still dominating the BTC market, if this continues the price will surely drop again and that is the best time to buy.

[Natalim]

Have the right timing, the market is very unstable and yes the price can drop again, honestly there’s no bottom yet and every drop is still possible to happen. Though I don’t have much buying power, so If I think the price is already cheap and good to buy, better for me to execute it right away. Waiting can be more challenging, you might miss the opportunity because of too much waiting.

Unfortunately, you can't fight the right timing if we keep thinking more drops or more pumps. What I mean is that if we think this is about a good price to buy then have to do it, nor to think we have to wait for the price to even drop more as we know we can predict for the incoming change.

I bought Bitcoin at $30k, not that it is going deeper, then I buy more. Probably we're not yet reached the bottom but I don't think it was a smart idea to wait for that as "what if it never happens" and we miss the trend.

[fortuner]

Patience and stay away from leverage….

This can be a big help to protect your money and of course to give you a chance to have Bitcoin at a cheaper price.
Right now, the price is still down there might be no assurance for another drop but based on its chart and its volume, I guess the price is still not bound for any rise as of the moment so technically the volume is still weak for the buyers and the sellers are still dominating the BTC market, if this continues the price will surely drop again and that is the best time to buy.

It's better to wait for a definite time because there is a high possibility that the price of bitcoin will decline again, but for the price to increase it will definitely take more time and certainly not in the near future.
After the decline occurs, of course, many of them will buy bitcoins again.

[GreatArkansas]

(....)
Patience and stay away from leverage….

Dollar Cost Averaging (DCA) is also the best method these days if we want to accumulate cheap bitcoins these days.
Yes, I believe that $20,000 is still possible as it was the previous ATH before the very long bear run before 2017-2018. I am still looking forward to it, if ever we will drop there, it is almost the same percentage drop from the top of $20,000 before which is my buying zone also.

[rodskee]

Never that i do mate , because I know that Bitcoin will either Up and down and that is the part where we need to understand for safer investment .

[Wawa2013]

Have the right timing, the market is very unstable and yes the price can drop again, honestly there’s no bottom yet and every drop is still possible to happen. Though I don’t have much buying power, so If I think the price is already cheap and good to buy, better for me to execute it right away. Waiting can be more challenging, you might miss the opportunity because of too much waiting.

Unfortunately, you can't fight the right timing if we keep thinking more drops or more pumps. What I mean is that if we think this is about a good price to buy then have to do it, nor to think we have to wait for the price to even drop more as we know we can predict for the incoming change.

I bought Bitcoin at $30k, not that it is going deeper, then I buy more. Probably we're not yet reached the bottom but I don't think it was a smart idea to wait for that as "what if it never happens" and we miss the trend.

I agree we can buy Bitcoin at any price we want and we think it's low enough to buy. Because Bitcoin is different from altcoins which is sometimes
more difficult to predict and sometimes some altcoins take a long time to recover. So in my opinion buying Bitcoin at any price will still be profitable,
the most important thing is that we never do a cutloss when Bitcoin is experiencing a decline. And we must be patient when deciding to invest in Bitcoin,
so when buying Bitcoin and the price suddenly drops, we don't need to panic. Because of how deep the price of Bitcoin falls, it will always be able
to recover again and can even go up to a higher price. As long as we use cold money to buy Bitcoin, I think it's okay to buy Bitcoin at any price.
Don't let us regret buying Bitcoin too late, because like I said before Bitcoin usually recovers quickly.

[adaseb]

(....)
Patience and stay away from leverage….

Dollar Cost Averaging (DCA) is also the best method these days if we want to accumulate cheap bitcoins these days.
Yes, I believe that $20,000 is still possible as it was the previous ATH before the very long bear run before 2017-2018. I am still looking forward to it, if ever we will drop there, it is almost the same percentage drop from the top of $20,000 before which is my buying zone also.

I don't think it will go to $20K however. In the past it didn't retest a prior high. I think either the $25K might of been the low or the low might be like $22K or so. Either way we need to see how this weekly candle closes.

Tomorrow is another stock trading days and if there is a sell off due to bad earnings bitcoin could again go and retest the $25K area and possible break it this time. I have a feeling this is going to be a busy weekend of trading.

[Reatim]

Have the right timing, the market is very unstable and yes the price can drop again, honestly there’s no bottom yet and every drop is still possible to happen. Though I don’t have much buying power, so If I think the price is already cheap and good to buy, better for me to execute it right away. Waiting can be more challenging, you might miss the opportunity because of too much waiting.

Unfortunately, you can't fight the right timing if we keep thinking more drops or more pumps. What I mean is that if we think this is about a good price to buy then have to do it, nor to think we have to wait for the price to even drop more as we know we can predict for the incoming change.

That is exactly the point of investing mate , we don't need to seek for dumping if we are truly into investing because surely the price of bitcoin  will increase either now, tomorrow or in the following years so best to take the risk or never risk at all.

I bought Bitcoin at $30k, not that it is going deeper, then I buy more. Probably we're not yet reached the bottom but I don't think it was a smart idea to wait for that as "what if it never happens" and we miss the trend.

It is our option and strategy , there are others that seeking for great opportunity while others love to risk.

[Oasisman]

I know many either bought at $30K or $28K because it seems like a great price. Or even earlier at $25.5K.

However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.

Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.

You could of waited and bought close to the mid $3K for weeks.

Patience and stay away from leverage….

This could also be the reason why some people missed the opportunity to buy at the dip. Just like what some of the members were saying DCA could be the best method especially when confusion on which entry point is best arises.
$30k, $28k, or $25k might sound expensive, but you have also going to consider how much Bitcoin have reached as ATH this year?
Well, it's somehow true that one should never rush on buying Bitcoin. One should never buy it 1 time big time. It should be safe to come with percentage.

[Welsh]

However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.

I like the overall message, since I do believe due diligence, and also patience should be exercised when it comes to investing in anything. However, just because it has happened before doesn't actually mean it'll happen again. History doesn't always repeat itself, as the saying goes. If you were to based all of your decisions on what has happened in the past, you'd probably be looking pretty silly. Obviously, at the moment Bitcoin has followed a somewhat 4 year cycle, however that doesn't mean that'll continue, and it will end at some point. That is almost a guarantee.

[Reid]

Thanks for reminding. I think I am not part of this anymore as I am one of those who rush on buying at $30k. I don't know, I told myself my lowest was $35k but then in an instant it fell down to $30k so I was suppose to think I am lucky enough to witness that sudden price change.
Anyway, what you propose is better, that is if there will be another dump that will happen. For me, even if it happens or not I guess I should just appreciate the bargain that I got from the recent price fluctuations.

[Eternad]

Thanks for reminding. I think I am not part of this anymore as I am one of those who rush on buying at $30k. I don't know, I told myself my lowest was $35k but then in an instant it fell down to $30k so I was suppose to think I am lucky enough to witness that sudden price change.
Anyway, what you propose is better, that is if there will be another dump that will happen. For me, even if it happens or not I guess I should just appreciate the bargain that I got from the recent price fluctuations.

If you can manage to to flip during a small recovery just like happening now, You can still make a profit out of it and re enter on much lower price. The OP suggestion is good if you are not doing DCA when buying and buying all-in at one price point. But if you have enough funds and buying in batch order, You can buy whatever is the price since you will buy another batch on the next price movement so that you will not feel FOMO in case the price already recover on this bearish cycle

[MarjorieZimmermanGinger]

I'm not going to do that for buying now it looks like we have to be a little patient for the right moment, I know a lot of people continue to speculate about buying now but in reality bitcoin will go down to the bottom again, we have to know the cycle before this will indeed happen 2018 with some saying so but I still see continuous movement.
The reference point of 20k is indeed the lowest. I am still preparing everything, whether this is the right moment or will it take a long time.

If you want to prepare a long -term investment, maybe at this time a purchase of Bitcoin can be made, say in the future Bitcoin will be corrected again, but because we use a long -term pattern, it is not a problem with Bitcoin corrected again, one thing we need to know, the Bitcoin cycle runs the most. Two years old, meaning that in these two years it could be that Bitcoin goes down or rising, but after that Bitcoin's reaction will restore something extraordinary, in 2017 to 2021 it becomes a reference, how actually Bitcoin goes on the market

[fzkto]

Have the right timing, the market is very unstable and yes the price can drop again, honestly there’s no bottom yet and every drop is still possible to happen. Though I don’t have much buying power, so If I think the price is already cheap and good to buy, better for me to execute it right away. Waiting can be more challenging, you might miss the opportunity because of too much waiting.

The wait can indeed be long. Now bitcoin has broken through all possible supports of the last two years and bounced back a bit. It seems to me that bitcoin's fall along with the stock markets is not over yet, or maybe it has just begun. A week ago I was optimistic, but now I think we have a few years of downtrend ahead.

[ShowOff]

The courage to buy bitcoin during a crash like in the last 2 days seems to only be owned by those who have pro tips such as always being able to maintain DCA. To be honest I didn't buy on the crash because I believe the panic is still very strong, but I'm just trying to hold back from selling anything even though today's market recovery actually got me a little more excited.

People certainly hope to buy at lower prices, that's a reasonable wish but most of them probably won't be successful because prices won't go down forever and fall more than 20%-30% in a day. In fact we know that yesterday $26.5K only held for a while before the price started rising again and broke through $31K again today.

[7788bitcoin]

I know many either bought at $30K or $28K because it seems like a great price. Or even earlier at $25.5K.

What you said is true, the market always gives you the opportunity to get at a really great price but in this instance and in a situation when the entire market goes down drastically how deep the market can go. The alt coins market was shattered and yet the Bitcoin market did not went past $27k which was surprising as i expected a much bigger correction in the Bitcoin market as well .

[crzy]

Just buy what you think is already the best price for you because it will always depend on how you see the market and will depend on the analysis you have made. Don’t listen to any FUD or HYPE, just continue to read the chart and no matter what the price you buy, don’t forget to have a target price to sell.

[justdimin]

If you can manage to to flip during a small recovery just like happening now, You can still make a profit out of it and re enter on much lower price. The OP suggestion is good if you are not doing DCA when buying and buying all-in at one price point. But if you have enough funds and buying in batch order, You can buy whatever is the price since you will buy another batch on the next price movement so that you will not feel FOMO in case the price already recover on this bearish cycle

DCA is sort of like that as well. There are two ways of doing it, one of them is setting a time and the other is in batches. In setting up times version, you do it like once every Monday, or once every month, or whatever and you do that, which would work, even in daily if you do that because there are times in crypto where even it changes per day, but weekly is much better.

The batches one is different, it means that you divide it into batches (your fund) and then you buy it in batches depending on the price, for weeks if it doesn't move you do not buy, but if it does go down then you buy one more batch, if it goes down more you buy one more batch.