Don’t rush to buy Bitcoin

[Reatim]

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.

if you are tending to say that 40% drop then we already had that week ago , but about 90% ? then since it is from ATH then we already fell down that low already mate and yes we are now waiting for the climb as the fall already happened from what you are pending to say.

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[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.

if you are tending to say that 40% drop then we already had that week ago , but about 90% ? then since it is from ATH then we already fell down that low already mate and yes we are now waiting for the climb as the fall already happened from what you are pending to say.

Last week that fall was 25% I think, and the market quickly recovered from that level too. Look at the previous year's fallout from ATH. I think it was more than 80%. This year we are sitting at -57% of its ATH, so now calculate the expected price of bitcoin. Every year, the BTC chart follows almost the same pattern so what I am saying is something expected. We just do not know when it will happen. These are not only my opinion but also some market analysts I am following.

[fzkto]

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.

The next halving is still two years away. During this time, anything can happen and the price can fall even more compared to the analogy of previous years. I don't know where the price will go in the near future and even more so in a year or two, but bitcoin is now moving with the world markets and they have all just started to fall, so I think bitcoin price will fall too.

[piebeyb]

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….

not sure it will happen again, I think then and now have a difference, look at many famous rich people, presidents or even big companies investing in bitcoin and crypto in 2021 yesterday until now

The bear market does not last as long as in 2018 and 2014 which is commonly called a 4 year cycle, I think it is no longer valid when the supply of bitcoins is only 2 million left at this time, we will continue the next ATH when people throw it cheap

[coolcoinz]

I have a question to all of you who, like OP, think we could have an over 80% correction from the top. What makes you think that it will happen?

Sure, it did happen in 2014 and in 2018, BUT... If you were betting at a fighter who won 2 fights in a row, you'd think his chances of winning against another opponent are high because of his past performance. In reality, his chances are based on many other factors like, to begin with, the opponent himself.
The fact that you had 2 car accidents doesn't mean a third one is waiting to happen. You know where I'm going here.

Bitcoin is changing, evolving, and the best example of it is the last bull run that surprised most line drawers who based their predictions on bitcoin's past performance. According to them we were supposed to go to 200k usd because that would be 10x the ATH, pretty much like in 2017. We all know how these predictions aged.

[Newlifebtc]

No coin is supposed to rush and buy due to the level or changes in cryptocurrency price this period, bitcoin is something you can buy even in a rush you buy, i know you will still make profit because the life of cryptocurrency is independent and it can not crash to the level were by your coins will finish, the thing that is there, or the assignment you will give yourself is to hold until the it return mega price before selling

[GigaBit]

The most volatile currency in cryptocurrency market is Bitcoin. Here we can see the rise and fall of large amount of money in a short period of time. If you make a mistake in buying Bitcoin, you will face huge lose at that moment. So never buy it in a hurry. If you are a good bitcoin holder then you will more likely to make good profit.

[btc78]

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.

if you cannot hold longer then never let your funds enter the market because this is something that we must understand , this is long time chances.

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.

and thats it , we must understand about the long term effect of our currency holding and not just something we wanted earning easily .

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.

Well that is the basic understanding we have learn here , to invest something that we can afford to lose .

The most volatile currency in cryptocurrency market is Bitcoin. Here we can see the rise and fall of large amount of money in a short period of time. If you make a mistake in buying Bitcoin, you will face huge lose at that moment. So never buy it in a hurry. If you are a good bitcoin holder then you will more likely to make good profit.

most volatile? i don't think thats  the reality here because there are so many coins that more volatile ng Bitcoin and they even move each seconds .

[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.

at least you understand how long the Halving to come right? so how come that it is not hard to do ? lol

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.

you mentioned halving so meaning there are plenty of time to come ?

[bitterguy28]

The most volatile currency in cryptocurrency market is Bitcoin. Here we can see the rise and fall of large amount of money in a short period of time. If you make a mistake in buying Bitcoin, you will face huge lose at that moment. So never buy it in a hurry. If you are a good bitcoin holder then you will more likely to make good profit.

even if this is the most volatile , the expensive and the oldest coin yet this coin is the most profitable and most secure so Yes still Bitcoin will be our sanctuary specially for Holders like us.
Buy Now and take the rush because the cheaper we can buy is the biggest earning we can have.
never doubt bitcoin because this has been here for how many years and yet? we are taking so much income for that time .

No coin is supposed to rush and buy due to the level or changes in cryptocurrency price this period, bitcoin is something you can buy even in a rush you buy, i know you will still make profit because the life of cryptocurrency is independent and it can not crash to the level were by your coins will finish, the thing that is there, or the assignment you will give yourself is to hold until the it return mega price before selling

depend in your capacity mate, because why not rush when you have funds to buy for Bitcoin?

[Wong Gendheng]

I think buying bitcoin must go through deep research, if we are too rushed to buy then we will regret it, I'm sure that if we hold long -term, we can get big profits, the most important thing now is when buying it must be patient, never sell With a loss condition, long -term holders will make us get huge profit.

[mia_houston]

I think buying bitcoin must go through deep research, if we are too rushed to buy then we will regret it, I'm sure that if we hold long -term, we can get big profits, the most important thing now is when buying it must be patient, never sell With a loss condition, long -term holders will make us get huge profit.

Currently the bitcoin market is still in a stagnant state after yesterday experiencing a slight price increase, stagnant movement of course can be a snowball that moves in any direction, but in my opinion, bitcoin movement which is slightly stagnant as it is now tends to move down because there are still many the pressure that is happening to bitcoin, and I think rather than rushing into the market it might be better for us to monitor bitcoin price movements in these two days, because certainly can all happen in market conditions like now  although it doesn't hurt to buy bitcoin at the current price, but if possible with patience we can get bitcoin at a lower price, why not?

[Taskford]

I think buying bitcoin must go through deep research, if we are too rushed to buy then we will regret it, I'm sure that if we hold long -term, we can get big profits, the most important thing now is when buying it must be patient, never sell With a loss condition, long -term holders will make us get huge profit.

Rushing to buy something you don't know the risk might put you in certain situation where you can't afford to hold on so proper researching on the positions you may take might be the best option to have also we most not forget about reading the chart because this will help us know what possible position and current state of the market. If we learn how to think critical on the market for sure we will earn even though the market is not in good situation.

[Sir Legend]

Today there was a correction of more than 7%, of course many panicked and sold bitcoin, but many were waiting for the price to drop even lower to buy, today I put around $250 for the price of $28500 in the market, so when the price drops below $30k usually there will be a volume of transactions and I think the price could still go down again than it is now.

[Yaunfitda]

Today there was a correction of more than 7%, of course many panicked and sold bitcoin, but many were waiting for the price to drop even lower to buy, today I put around $250 for the price of $28500 in the market, so when the price drops below $30k usually there will be a volume of transactions and I think the price could still go down again than it is now.

For small investors expect bitcoin to fall in the near future, because they can buy bitcoin in a certain amount, but unlike big investors, they have been investing in bitcoin for a long time, so if there is a sharp decline in price, the investment they run will stagnate in place, nothing can be maximized with such an investment pattern, but the market reaction is already running on a major correction, but for bitcoin it doesn't show this as the end of its journey

DCA could be a strategy that can help retail investors to accumulate bitcoin. It might take some time though, but still everyone can benefited from it specially that we are in a bear market and it will take another 2 years before the bull run. So take this time as an opportunity not to complain about the price but instead take advantage of it and buy as many as you can. Doesn't mean 1 BTC right now, but slowly thru DCA'ing.

[El duderino_]

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….

Pro tip : never listen to advice "when to buy"

All areas are good buy moments, holding FIAT is the stupid thing...
Like saylor mentioned, if I have dollars then I buy BTC...

I also think like no one have made more BTC-stashes with listing to TA advices or whatever...

Just buying and hodling provides the best and certain accumulation factor.

[dataispower]

The most volatile currency in cryptocurrency market is Bitcoin. Here we can see the rise and fall of large amount of money in a short period of time. If you make a mistake in buying Bitcoin, you will face huge lose at that moment. So never buy it in a hurry. If you are a good bitcoin holder then you will more likely to make good profit.

no time some body buy bitcoin is the wrong time, people buy bitcoin when they notice that bitcoin is in falling state and they make profit also. The coin you will and it affect you for the state of dip market is altcoins, because some of them don't have a reversible strength, example Luna, when it started falling nothing could hold it, but Bitcoin fall and rise at a moment. Instead of investing for coin that the potential is not strong i rather go for the coin that can resurrect within short time like bitcoin..if someone is condemning bitcoin that people should not invest in Bitcoin that is bad advice

[alisonwonder]

I listened to this from various opinion polls, many people even suggested to collect any amount of bitcoin for now, the opportunity in the bear market is not an excuse not to buy bitcoin, and finally I saw what a loss, the opportunity was not exploited under certain conditions, for example accumulation of bitcoins in 2017 to 2021, if by that time we had started collecting bitcoins, surely the past bull run would have given us big profits, unfortunately we can't take advantage of this

Very concerned people would suggest buying Bitcoin for a different price, but my goal is to buy more at $25k and reserve funds maybe to buy another $20k. I believe both Bitcoin buying targets can be achieved because the market pattern is always there is a possibility the market will decline drastically before the recovery area reaches $30k again.

[Lanatsa]

I listened to this from various opinion polls, many people even suggested to collect any amount of bitcoin for now, the opportunity in the bear market is not an excuse not to buy bitcoin, and finally I saw what a loss, the opportunity was not exploited under certain conditions, for example accumulation of bitcoins in 2017 to 2021, if by that time we had started collecting bitcoins, surely the past bull run would have given us big profits, unfortunately we can't take advantage of this

Very concerned people would suggest buying Bitcoin for a different price, but my goal is to buy more at $25k and reserve funds maybe to buy another $20k. I believe both Bitcoin buying targets can be achieved because the market pattern is always there is a possibility the market will decline drastically before the recovery area reaches $30k again.

So you would wait on something that isnt sure to happen or would reach out? Its not bad to be that optimistic but dropping that low would be unlikely to happen but well we do know that this market could have those

unpredictable situations or scenarios which could neither happen into your analysis or not.We do have our different takings and impressions thats why its up to someone whenever they do make out decisions.

Rushing do depend on the situation because there are times that people do see that it might be the bottom price and just wont tend to miss out that spot on getting in.

[Oceat]

I listened to this from various opinion polls, many people even suggested to collect any amount of bitcoin for now, the opportunity in the bear market is not an excuse not to buy bitcoin, and finally I saw what a loss, the opportunity was not exploited under certain conditions, for example accumulation of bitcoins in 2017 to 2021, if by that time we had started collecting bitcoins, surely the past bull run would have given us big profits, unfortunately we can't take advantage of this

Very concerned people would suggest buying Bitcoin for a different price, but my goal is to buy more at $25k and reserve funds maybe to buy another $20k. I believe both Bitcoin buying targets can be achieved because the market pattern is always there is a possibility the market will decline drastically before the recovery area reaches $30k again.

So you would wait on something that isnt sure to happen or would reach out? Its not bad to be that optimistic but dropping that low would be unlikely to happen but well we do know that this market could have those

unpredictable situations or scenarios which could neither happen into your analysis or not.We do have our different takings and impressions thats why its up to someone whenever they do make out decisions.

Rushing do depend on the situation because there are times that people do see that it might be the bottom price and just wont tend to miss out that spot on getting in.

Well, you are right it depends actually considering how much money left you do have and what is the current price it's not always buying when the price isn't fit to what you have expected but for someone who just wants to invest they can buy as much and anytime they want.

So far waiting is kinda good and bad thing since the market is always unpredictable so you gotta do what you gotta do or expect the unexpected that it's going to happen. So know where or when you want to buy and don't buy bulk if you want to see how far the market could move before buying.