Don’t rush to buy Bitcoin

[tygeade]

I have a really good friend of mine who bought a ton of Bitcoin and some alt coins right before this crash. He has a lot of anxiety about it because he hasn't seen this kind of thing before. As someone who's been heavily into crypto for years, I keep telling him not to worry because I have seen so many corrections over the years but he keeps looking at his wallet.
I probably give him the same advice weekly: BTC is a long hold, just wait it out. I tell him, I don't even look at my wallet anymore. It’s a revolutionary technology, you have to understand that corrections are a natural part of crypto and its growth potential is still huge.

So in short, he was new? Because, these kind of events are new to him but why did he invest a ton? No wonder why he is worrying now but newbie or not everyone must only invest what they can afford to lose. You're a good guy because you are trying to comfort your friend and encourage him to stay positive. If only without your help maybe there something bad that happened to your friend already. Keep checking your wallet doesn't help the price to recover or rise but it will only make you more tense.

We don't need to worry about btc because btc is not a scam coin and btc works best if you hodl it for longer terms. He is a newbie but he can always do a research and check the price history of btc for him to gain confidence.

There are ton of newbies who see bitcoin as a thing that will not go up too much, and that usually results with something that will go up super high because most of the newbies want to get in, invest, get super rich as quickly as possible, and then get out as quickly as possible.

This doesn't happen of course, they end up with something that will crash because the richer you want and the quicker you want it, the bigger risk you are taking and that will eventually end up with something risky as well. I personally would invest into bitcoin because I know that it will take a while before it could make some profit for me but it will make that profit one way or another.

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[sana54210]

I think you are right, bitcoin might fall a bit and we will see more opportunity to buy at a lower price. However, if you buy at the current price, I still think you buy it at a cheaper price, and since we don't really know what would happen next, then we take the opportunity when we see one.

Well, I would not invest everything I have so I could still buy some when the price hits $10k or lower.

Though it may seem as if the market is not moving, there are still opportunities to be found. Fear and greed reached their lowest point since March 2020. However, many people are beginning to see the potential and are now turning to trading. You can make money in any market condition with trading. Furthermore, I am interested in low prices so I would not mind making an entry.

This is such an obvious thing and people are still not seeing it. I get that people are looking at it like it is going down or it's down and we are in a bear market and all of that. But, the reality is that we are not looking at something that could go down too much more, but it could go up a hell lot more.

This should be the case when you are investing, if you could invest and make a ton of money without even breaking ATH then it could be the key here and it could benefit you. Look at the support lines and the resistance lines, they are clearly wildly different because support is close but resistance is nowhere to be found, that's great deal right now.

[Kelvinid]

This should be the case when you are investing, if you could invest and make a ton of money without even breaking ATH then it could be the key here and it could benefit you. Look at the support lines and the resistance lines, they are clearly wildly different because support is close but resistance is nowhere to be found, that's great deal right now.

We can't still find assurance making a huge profit this time, not even to make easy gain after buying. Holding is really the thing we do, for now, quite it tests our patience again. But if we are a long-term holder, this is not a problem, I am just doubtful how these weak hands manage this.

Buying this time is still an option, I don't encourage people to do it unless they know how to hold it.

[lienfaye]

Buying this time is still an option, I don't encourage people to do it unless they know how to hold it.

Indeed. Dont engage yourself if you're not prepared and cant handle worse situation because there's no guarantee for the price to move upward right after you buy.

Thus buy at your own risk but it would be less risky for investors who have plan to hold for long period because the current price is still cheap to fill our bags.

As long as the amount you'll invest is something that you can afford to lose then buying at this point is not a bad idea.

[Chato1977]

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

[Natalim]

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

Bitcoin will still increase, that's given already, however, we can never ascertain when it will happen. If we are buying now, good decision because we are seeing a dip, however, it's still okay if you will wait for a bit because bearish might continue and bitcoin might continue to drop.

[bitterguy28]

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

relate on this mate , and indeed that stopping listening or reading  and just forget the world a while from crypto and focus in somewhere that will refresh your mind.

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

it is not something we need to believe because that is already written in our future lol.

but of course always consider buying more while the price is discounted.

and this is the perfect timing for that , buy now or cry tomorrow .

[Ararbermas]

People are rushing to buy bitcoin but afterwards they use to complain  because instead of making progress it keep decreasing. Lol
Patience is the key on this situation and if we keep diving everytime it fluctuate, surely we will end up massive losses. Never ride the FOMO make fundamental and technical analysis instead to assure everything will gonna be alright that's the good suggestion.

[Marvell1]

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

Bitcoin will still increase, that's given already, however, we can never ascertain when it will happen. If we are buying now, good decision because we are seeing a dip, however, it's still okay if you will wait for a bit because bearish might continue and bitcoin might continue to drop.

If bitcoin goes up tomorrow, we will regret not buying today. Since the price has dropped a lot, it's a good idea to buy now. But in order not to miss the opportunity if bitcoin continues to drop, we should DCA instead of buying all at once. We don't need to worry too much about btc because btc is not shitcoin and it has been proven to always increase over time.

[yhiaali3]

I think buying at the current point is very good because I believe we've hit the bottom, I don't think Bitcoin can slide any further, given the rather good weekly closes in the past weeks I expect buying at this price is quite appropriate, but as you mentioned from Precautionary door The best part is to buy with part of the capital only and to wait for the market, in case it drops more than that, it is possible to buy with another part, this market is volatile and no one can predict what might happen.

[m2017]

I think buying at the current point is very good because I believe we've hit the bottom, I don't think Bitcoin can slide any further, given the rather good weekly closes in the past weeks I expect buying at this price is quite appropriate, but as you mentioned from Precautionary door The best part is to buy with part of the capital only and to wait for the market, in case it drops more than that, it is possible to buy with another part, this market is volatile and no one can predict what might happen.

Some believe that bitcoin can't fall further, others that bitcoin will definitely fall, and others that it will stay at about current levels. I think that no matter which of the options we believe in, we still can't influence the development of events in any way, if we talk about each separately. Moreover, all attempts to predict events are doomed to failure, in my opinion. Personally, I see the optimal solution in periodic purchases of bitcoin for part of my funds, as you suggest. Not only you, as many voice a similar strategy of behavior in the current market situation. It's not worth rushing to buy bitcoin, especially with all money, but I would not recommend missing out on the opportunity for profitable deals (it will become known only after a while that ~$30k is a very good price). Therefore, need to balance between greed and fear.

[EdenHazard]

I think buying at the current point is very good because I believe we've hit the bottom, I don't think Bitcoin can slide any further, given the rather good weekly closes in the past weeks I expect buying at this price is quite appropriate, but as you mentioned from Precautionary door The best part is to buy with part of the capital only and to wait for the market, in case it drops more than that, it is possible to buy with another part, this market is volatile and no one can predict what might happen.

Some believe that bitcoin can't fall further, others that bitcoin will definitely fall, and others that it will stay at about current levels. I think that no matter which of the options we believe in, we still can't influence the development of events in any way, if we talk about each separately. Moreover, all attempts to predict events are doomed to failure, in my opinion. Personally, I see the optimal solution in periodic purchases of bitcoin for part of my funds, as you suggest. Not only you, as many voice a similar strategy of behavior in the current market situation. It's not worth rushing to buy bitcoin, especially with all money, but I would not recommend missing out on the opportunity for profitable deals (it will become known only after a while that ~$30k is a very good price). Therefore, need to balance between greed and fear.

True.

No matter what kind prediction popping up , if you are a real believer then .. anytime is a great time to buy bitcoin , you just need to split it into several buying phase and accumulate it at the end of these downhill , i've tried it and once you got it to the very bottom of the bitcoin price line , it feels really good!

Not just the profit but there is priceless satisfaction. So yeah i'd recommend to keep buying!

[Chato1977]

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

Bitcoin will still increase, that's given already, however, we can never ascertain when it will happen. If we are buying now, good decision because we are seeing a dip, however, it's still okay if you will wait for a bit because bearish might continue and bitcoin might continue to drop.

Time is the only way that we can distinguish what will happen , Bitcoin shows us for many times now that Bitcoin can climb here and there but of course this happening mostly every 4 years.
and we have seen this that Halving is what dictates the market prices.

[Rufsilf]

Time is the only way that we can distinguish what will happen , Bitcoin shows us for many times now that Bitcoin can climb here and there but of course this happening mostly every 4 years.
and we have seen this that Halving is what dictates the market prices.

Buy today and wait for the next halving, I don't think that was hard for someone who wants to earn more unless holding is hard to do it.
Likely, it was not a question of this is the right time to buy as indeed, it was the best opportunity.  Neither going to ignore the current situation, We can't see this forever as sooner or later pumps may start again without knowing when.

[poldanmig]

Time is the only way that we can distinguish what will happen , Bitcoin shows us for many times now that Bitcoin can climb here and there but of course this happening mostly every 4 years.
and we have seen this that Halving is what dictates the market prices.

Halving day is one of the factors that pushes the price of bitcoin to increase due to the many block reductions that occur every 4 years, the last time the halving day occurred in 2020 and as a result in 2021 the price of bitcoin was able to rise quite high and even reach its highest price so far, I think the many negative effects that are currently triggering the decline in bitcoin prices and of course this is an opportunity that we can use to buy bitcoins at cheap prices, if you really have cold money of course it won't hurt to buy bitcoins now and save them until the next halving day occurs in 2024.

[Pejoh Asu]

The first consideration when we buy is a profit target that we will get, I'm sure whatever the price we buy and we are patient, we will profit, I'm optimistic that the market is immediately Rise Again so that it immediately buys so it provides good opportunities for profit because it is to buy at the price cheaper.

[istiak2277]

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….

If you zoom out and look at the previous bear market chart, then you will see another impending major crash after a long accumulation. This time it could be more than 40%, which could cause panic in the markets and many altcoins will go down to -90% of their previous ATH. But if you are buying in parts, then this is the place to take an entry. A lot has changed, so if the opposite happens, then you won't regret it.

[STT]

Aim to buy this whole year imo and thats just what I thought might be reasonable guessing back from last year.   A lapse of constant gains and a pullback is par for the course.
  Right now I wanted to note that the DXY or Dollar index has pulled back from its 20 year highs but only to the peak we saw in the pandemic sell off so a place of significance.   To me that makes a pivotal point of note, I'll be watching that for reflection on strength and possibilities for BTC as its inverse of course.

[Chato1977]

Time is the only way that we can distinguish what will happen , Bitcoin shows us for many times now that Bitcoin can climb here and there but of course this happening mostly every 4 years.
and we have seen this that Halving is what dictates the market prices.

Buy today and wait for the next halving, I don't think that was hard for someone who wants to earn more unless holding is hard to do it.
Likely, it was not a question of this is the right time to buy as indeed, it was the best opportunity.  Neither going to ignore the current situation, We can't see this forever as sooner or later pumps may start again without knowing when.

it is not that easy mate because this needs money that you must not need for long time at least 2-5 years? that is what Holding means and this is hard for many of us because we only invest funds that we wanted to profit at least months and 1 year not for that long couple of years.

[Nrcewker]

Rush or panic are things we must avoid, when we make decisions we must be smart and selective, don't just rely on emotions when we want to buy or sell, it's better to do a deep analysis before buying, the market is difficult to predict and today there is another correction .

Whatever you said that's 100% correct but the fact is that we are talking about Bitcoins here.
Cmon we all have seen what is Bitcoin capable of.
And as we know that there is a fixed or limited supply, so when the demand will be high, the price will automatically go up.
So currently buying Bitcoins is like 85% SALE, so buy as much possible as you can.
Once Bitcoin reaches it top gear, I am sure it will break it's all time high price and will run towards 100k USD.
So it's better to buy as many Bitcoins as you can and also advise your friends to buy some.