Don’t rush to buy Bitcoin

[arwin100]

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.

Exactly but for now I will just read the news because there's something huge happen in the market and until Luna issue will not be solve by their developers, maybe we can see people fear to buy some bitcoins or alts because it may trigger another fall. For now monitoring is best action to do since its hard to catch sharp knife while everyone is falling.

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[macson]

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….

making a perfect portfolio is not easy, i also do this ^{(buy 15% of the income i get from my business when every time the market is bearish)}.  buying in bulk is risky ^{(especially for those who don't have much wealth)} so buying in stages and selling in stages must be done on time and with patience.

[P2PECS]

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….

And how would you be able to guess that the bottom was $3.2K? The point is that we are in a buying zone and if you have good capital you don't have to spend it all in one purchase, you can divide it in several. Going with your 2018 example, someone who had $10K to invest at that time could have divided it into 4 purchases, starting at $5K, because it was clear that was not going to go down much more than $5K, while guessing where the exact bottom is is impossible.

[traderethereum]

The important thing is that you don't buy bitcoins with the all-in option because if the price goes down, you won't be able to buy bitcoins anymore.
Maybe buying little by little in times of deep decline will be one way we can get more bitcoins.
But before you buy bitcoin, you should analyze the market movement and set a lower price than the current one if you predict the market movement will continue to decline.
So it will help you in buying bitcoins at low prices and you will be able to get more bitcoins at that time.

[Ultegra134]

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.

Yup, finding the "right" timing is a tedious process, which can't be predicted nor is it something that you could have known. While on the one hand, waiting for the perfect dip could potentially lead to losing a great opportunity, because that dip never occurred (has happened to me when Elon Musk pumped the market). On the other hand though, OP's point is that the market is extremely fragile at the moment, thus, Bitcoin's price could fall even more in the next few days.

I'll agree with OP on this one, it's best to be cautious about any purchases, the market is extremely volatile at the moment and I wouldn't be surprised if Bitcoin went below the $25.000 mark.

[LogitechMouse]

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.

I'm still a newbie at that time 2018 and I still considering it that year as the "year of hell" because of what happened at that time. Extreme fear, markets going down, Bitcoin went down from near $20,000 to near $2,000-$3,000. Other projects at that time have been forced to abandon the project because of what is happening at that time.

Anyway, I agree with what he said here that maybe you should buy Bitcoin partially. Be patient because it seems like Bitcoin might go even lower to as low as $20,000 or even lower (worst case scenario) because of what is happening right now. Interest rates, Inflation, War, the Terra LUNA incident and the pandemic. Be patient and if you have spare money, buy partially.

Patience and stay away from leverage….

At all times especially if you aren't ready with the worst case scenario that might happen to you. Tried to do leverage and all of my profits (got doubled my money at that time) lost in just one failed trade that I made.

[Wexnident]

Or, people could invest in multiple instances instead of one, aka DCA. That way, the timing wouldn't be that much of an issue since you won't really even think about it anymore and just have a stable schedule of investing (can be weekly, monthly, etc.). If you don't want to then honestly, just buy any dips. It's not like you're buying for the short term anyway, and there's no real way for one to actually identify whether the market has bottomed out or not. Just look at it in the long term and any dips would seem like investment opportunities.

[SirLancelot]

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.

It was the altcoins that are easy to predict because it mainly follows btc movements but we still didn't know if which assets btc relies on, which makes this coin hard to predict. Some relies on analysis like watching the charts or watching the news to help them decide their next moves.

I think this is helpful sometimes and can be better than predicting randomly where you only rely mostly in luck. There is no limit if how much we can buy or if what price makes the market open for the public to start buying but everyone is free here to do what they want and by that, why will we rush? Being calm is still the best thing to possess.

[Ultegra134]

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.

It was the altcoins that are easy to predict because it mainly follows btc movements but we still didn't know if which assets btc relies on, which makes this coin hard to predict. Some relies on analysis like watching the charts or watching the news to help them decide their next moves.

I think this is helpful sometimes and can be better than predicting randomly where you only rely mostly in luck. There is no limit if how much we can buy or if what price makes the market open for the public to start buying but everyone is free here to do what they want and by that, why will we rush? Being calm is still the best thing to possess.

That's the "issue". Diversifying isn't always providing you safety of your investment, since most altcoins follow Bitcoin's movement, due to being closely correlated. Don't get me wrong, not putting everything in one basket is a correct strategy, especially with Altcoins, after seeing what happened not only to Luna, but also to Fantom for instance, which had simultaneously crashed over 50% but no one bothered to mention it because everyone had their eyes fixed to Luna and UST.

[Yamifoud]

Or, people could invest in multiple instances instead of one, aka DCA. That way, the timing wouldn't be that much of an issue since you won't really even think about it anymore and just have a stable schedule of investing (can be weekly, monthly, etc.). If you don't want to then honestly, just buy any dips. It's not like you're buying for the short term anyway, and there's no real way for one to actually identify whether the market has bottomed out or not. Just look at it in the long term and any dips would seem like investment opportunities.

We put into some point that buying in every correction is a great opportunity rather than being worried if it drops more. Then, in that case, we have to buy again. Maybe this is too difficult for the poor people to keep buying but for us who have enough money to risk, I guess this is somewhat a good strategy to follow. But, it was indeed wise not just to focus on Bitcoin alone. To split our investment is safe and more advisable as these experts sayings.
We don't need to rush but never have to ignore the chance because we rely on the past, history never repeats itself, that was I thought.

[jostorres]

The important thing is that you don't buy bitcoins with the all-in option because if the price goes down, you won't be able to buy bitcoins anymore.
Maybe buying little by little in times of deep decline will be one way we can get more bitcoins.
But before you buy bitcoin, you should analyze the market movement and set a lower price than the current one if you predict the market movement will continue to decline.
So it will help you in buying bitcoins at low prices and you will be able to get more bitcoins at that time.

Recently there was a guy here that says he wants to all in, in bitcoin by the time btc dips a little more. What a crazy guy, what he was thinking when he said that? But, I don't know if he really mean to do it, maybe he only got carried away with his emotions but there's actually one family that I know who did all in everything for btc. That is not recommended though. They can just invest a major portion of their wealth and still earns good by the time btc pumps.

There is no need to be greedy and sacrifice the important things in your life like your house, car and etc...  and like you said, we can't buy anymore whenever the price dips again. That's going to be a boring moment for our bitcoin journey.

[speedy963]

This definitely has some sense into it but not everyone is capable of detecting buying opportunities since not everyone has at least basic knowledge about some indicators or at least how to look for supports and resistances. For the people in this bracket and are looking to hold for long term, the best thing to do would be to gradually buy on moments when they have extra cash and never be bothered by the volatility. Of course, learning basic indicators would also be great but yes, not everyone has the time to do so or the drive. Oh well, accumulate and DCA is the best long term strategy for the lazy ones anyway. I just hope no one in this bracket does leverage trading or uses money that they cannot afford to lose.

[Silberman]

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.

Exactly but for now I will just read the news because there's something huge happen in the market and until Luna issue will not be solve by their developers, maybe we can see people fear to buy some bitcoins or alts because it may trigger another fall. For now monitoring is best action to do since its hard to catch sharp knife while everyone is falling.

I do not think it is possible for the Luna issue to be solved, the people behind the project will without a doubt try everything they can in order to so, however when the trust in a coin is lost then it is over, no amount of promises or improvements on the network are going to bring people back and invest in the coin as they did in the past, so I think it is just a matter of time until the project definitely dies and disappears from the market.

[fzkto]

Tomorrow will be the opening of a new weekly candle. We now have seven red weeks in a row. Judging by the shadow of the last candle, the next one could be a reversal candle. If the next candle is red again, then I will be definitively convinced that we have a long-term bear market ahead of us. If a rebound should happen, I expect it to happen soon.

[KennyR]

Tomorrow will be the opening of a new weekly candle. We now have seven red weeks in a row. Judging by the shadow of the last candle, the next one could be a reversal candle. If the next candle is red again, then I will be definitively convinced that we have a long-term bear market ahead of us. If a rebound should happen, I expect it to happen soon.

We can't conclude on a complete rebound on the market. There happens slower phase change. The price have finally crossed $31k and this could trigger people missing an opportunity to invest at the low bottom. Maybe more people can consider buying, and the same could reflect in steady growth of the price. However we can't expect a bullish move, what we experience seems to be the bullish fluctuation out of the bear market.

[lienfaye]

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.

The thing is, we cant certainly predict if that specific low price is already the bottom and there's no further downward movement. Thus it depends on our own analysis and what we think could be the perfect time to buy. Like I have always said, every dip is an opportunity to accumulate since we cant pin point the bottom. Thus if you have a budget and the price is declining then just buy and have a set price when to sell.

[peter0425]

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.

The thing is, we cant certainly predict if that specific low price is already the bottom and there's no further downward movement. Thus it depends on our own analysis and what we think could be the perfect time to buy. Like I have always said, every dip is an opportunity to accumulate since we cant pin point the bottom. Thus if you have a budget and the price is declining then just buy and have a set price when to sell.

it is an opportunity for those who are not in badly needed of funds , but thing will change if the situation comes around that like an investors sadly face a need in money and all he had to do is withdraw , that turns to be a negative effect for the whole thing.
so lets see what comes to the position because this season is really not a good shape for the whole cryptospace and not only in bitcoin.
i would rather buy now than to see like your stand because this seems to be a badly corrected value.

[Hypnosis00]

Tomorrow will be the opening of a new weekly candle. We now have seven red weeks in a row. Judging by the shadow of the last candle, the next one could be a reversal candle. If the next candle is red again, then I will be definitively convinced that we have a long-term bear market ahead of us. If a rebound should happen, I expect it to happen soon.

We can't conclude on a complete rebound on the market. There happens slower phase change. The price have finally crossed $31k and this could trigger people missing an opportunity to invest at the low bottom. Maybe more people can consider buying, and the same could reflect in steady growth of the price. However we can't expect a bullish move, what we experience seems to be the bullish fluctuation out of the bear market.

It is really possible for the price to increase if the buying demand continues to increase as well. And it was very fortunate this been visible to the market by now, unlike in the previous bear seasons in which panic selling was a chaotic trend makes the price drop more. It is just to see how the people had changed their minds and are still proactive in the market despite the decline and red colors that we've seen. Indeed, people are still in the faith in crypto especially Bitcoin which helps bring back the price to rally again.

[traderethereum]

The important thing is that you don't buy bitcoins with the all-in option because if the price goes down, you won't be able to buy bitcoins anymore.
Maybe buying little by little in times of deep decline will be one way we can get more bitcoins.
But before you buy bitcoin, you should analyze the market movement and set a lower price than the current one if you predict the market movement will continue to decline.
So it will help you in buying bitcoins at low prices and you will be able to get more bitcoins at that time.

Recently there was a guy here that says he wants to all in, in bitcoin by the time btc dips a little more. What a crazy guy, what he was thinking when he said that? But, I don't know if he really mean to do it, maybe he only got carried away with his emotions but there's actually one family that I know who did all in everything for btc. That is not recommended though. They can just invest a major portion of their wealth and still earns good by the time btc pumps.

There is no need to be greedy and sacrifice the important things in your life like your house, car and etc...  and like you said, we can't buy anymore whenever the price dips again. That's going to be a boring moment for our bitcoin journey.

I don't think much about what he's saying because it would put more risk on him if he did.
After all, we know that the crypto market today is more volatile than usual and it could make him confused to keep holding on to it.
It could be because of his emotions that saw the price of bitcoin drop drastically to this level that he said the sentence would put all his money into bitcoin if the price fell any further.
In investing, we must also calculate how much money we want to use and not use all the money to buy at one price.
It is better to be careful in investing and always make a backup plan to anticipate any changes that occur in the market.

[btc_angela]

Tomorrow will be the opening of a new weekly candle. We now have seven red weeks in a row. Judging by the shadow of the last candle, the next one could be a reversal candle. If the next candle is red again, then I will be definitively convinced that we have a long-term bear market ahead of us. If a rebound should happen, I expect it to happen soon.

We can't conclude on a complete rebound on the market. There happens slower phase change. The price have finally crossed $31k and this could trigger people missing an opportunity to invest at the low bottom. Maybe more people can consider buying, and the same could reflect in steady growth of the price. However we can't expect a bullish move, what we experience seems to be the bullish fluctuation out of the bear market.

It is really possible for the price to increase if the buying demand continues to increase as well. And it was very fortunate this been visible to the market by now, unlike in the previous bear seasons in which panic selling was a chaotic trend makes the price drop more. It is just to see how the people had changed their minds and are still proactive in the market despite the decline and red colors that we've seen. Indeed, people are still in the faith in crypto especially Bitcoin which helps bring back the price to rally again.

But then again, the market is cyclical, when people gain experience, and doesn't bother to get panic at a slight or even massive drop, there will be new players in the market who is unfamiliar and will immediately push the sell button if they see their portfolio going down. So for now, there is no really, just marginal increased to $30k, but that is very important because it is the support levels for now. So we need to get back to $30k'ish this month to at least have some confident entering the second half of the year.