Don’t rush to buy Bitcoin

[Joshapat]

Many predictions are sure that there will be more correction, this is what makes us have to be patient to wait for the best time to buy, I'm always sure that the market can skyrocket again, but profit can only be obtained if we are patient for hold.

[1715222774]

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[sana54210]

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.

You are calculating the price to be going down a lot but I do not think that it would go down that much. I feel like it will go up, so if you keep on waiting or the price to be 25k or 20k, then you may end up being upset about it. I feel like you should be filling the bag right now, because this price could be the last time you see such a price.

This usually doesn't mean that you should be losing money if you wait, it just means that you will not be making max amount of profit that you could make. I agree that DCA is the way to go, and that means you would have to buy some now, and wait for it to drop and buy some more there, but it is already quite down, it may not go down too much after this.

[niceli]

I agree that it won't go down that much. Its clear to me that bitcoin has already hit the very low, it won't go lower than that. Its obvious that we are just waiting to reach to the top levle and I believe that in order to reach that top level, we only need some time. So people who do not "rush" right now, will be hte people who will be upset about it later on. I hope that we could be quick enough to buy it, I bought some but I am willing to pay some more and waiting for that to happen. Its not going to happen overnight, but the moment I get paid, I will end up using that to buy some more bitcoin and I hope it won't go up before that.

[kotajikikox]

I never consider buying in rush but I always take my chances mate  , Buying whenever I have extra funds and yes I know it for a fact that investing either the price is falling or climbing who cares from us who HODLERS?

We will buy when we have funds , and we will Hold as we are here to support and trust Bitcoin .

I may decide different approach in Altcoin but not for my precious Bitcoin .

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.

let it happen , and let us wait for timing .

Buy whenever you have funds to invest for and the amount to risk

Many predictions are sure that there will be more correction, this is what makes us have to be patient to wait for the best time to buy, I'm always sure that the market can skyrocket again, but profit can only be obtained if we are patient for hold.

so what is the right time for you to buy? isn't this season when the prices is dropping badly ?

[Saint-loup]

I agree that it won't go down that much. Its clear to me that bitcoin has already hit the very low, it won't go lower than that. Its obvious that we are just waiting to reach to the top levle and I believe that in order to reach that top level, we only need some time. So people who do not "rush" right now, will be hte people who will be upset about it later on. I hope that we could be quick enough to buy it, I bought some but I am willing to pay some more and waiting for that to happen. Its not going to happen overnight, but the moment I get paid, I will end up using that to buy some more bitcoin and I hope it won't go up before that.

I don't really think Bitcoin will rise as quickly as you seem to think, since Bitcoin used to have a reputation of being a hedge against inflation for many people, but when inflation started to rise in many part of the world due to the Ukrainian war and western restrictions against Russia, Bitcoin failed to perform as expected and collapsed.

[n0ne]

I agree that it won't go down that much. Its clear to me that bitcoin has already hit the very low, it won't go lower than that. Its obvious that we are just waiting to reach to the top levle and I believe that in order to reach that top level, we only need some time. So people who do not "rush" right now, will be hte people who will be upset about it later on. I hope that we could be quick enough to buy it, I bought some but I am willing to pay some more and waiting for that to happen. Its not going to happen overnight, but the moment I get paid, I will end up using that to buy some more bitcoin and I hope it won't go up before that.

I don't really think Bitcoin will rise as quickly as you seem to think, since Bitcoin used to have a reputation of being a hedge against inflation for many people, but when inflation started to rise in many part of the world due to the Ukrainian war and western restrictions against Russia, Bitcoin failed to perform as expected and collapsed.

Agreed, the war had made a big impact on bitcoin market. During the beginning days of war, bitcoin experienced a drop and bounced back as a result of increasing usage and people considering it as a hedge against inflation. Beyond certain point it wasn't able to perform against the traditional market. Once again it is time to prove its ability, and this isn't gonna happen in a short.

[savetheFORUM]

I don't really think Bitcoin will rise as quickly as you seem to think, since Bitcoin used to have a reputation of being a hedge against inflation for many people, but when inflation started to rise in many part of the world due to the Ukrainian war and western restrictions against Russia, Bitcoin failed to perform as expected and collapsed.

He didn't say quickly but he said it takes time. Bitcoin is not some kind of a pump and dump coin where it can pump in an instant but it rises slowly but surely, that is if the bear have officially ended. Bitcoin didn't present itself as a hedge at the first place so no bitcoin did not fail. What is sure is btc is a currency but it's only us that can think of many ways to use a btc.

We shouldn't get angry if ever our expectations have not met. Bitcoins value have collapsed but there is still a chance that its value can recover so therefore btc did not lose its reputation as a hedge if that is what you consider it, also or only if the person is patient enough to continue hodling.

[fzkto]

I don't really think Bitcoin will rise as quickly as you seem to think, since Bitcoin used to have a reputation of being a hedge against inflation for many people, but when inflation started to rise in many part of the world due to the Ukrainian war and western restrictions against Russia, Bitcoin failed to perform as expected and collapsed.

He didn't say quickly but he said it takes time. Bitcoin is not some kind of a pump and dump coin where it can pump in an instant but it rises slowly but surely, that is if the bear have officially ended. Bitcoin didn't present itself as a hedge at the first place so no bitcoin did not fail. What is sure is btc is a currency but it's only us that can think of many ways to use a btc.

We shouldn't get angry if ever our expectations have not met. Bitcoins value have collapsed but there is still a chance that its value can recover so therefore btc did not lose its reputation as a hedge if that is what you consider it, also or only if the person is patient enough to continue hodling.

Why isn't bitcoin a pump and dump coin? If we look at bitcoin relative to stocks, it is very similar to a pump and dump. It has up and down cycles. Manipulated by exchanges and tweets. So many people have lost money thanks to bitcoin, far more than those who were able to make money from it. Bitcoin is a high-risk asset, so capital is slow to invest in it.

[tygeade]

I agree that it won't go down that much. Its clear to me that bitcoin has already hit the very low, it won't go lower than that. Its obvious that we are just waiting to reach to the top levle and I believe that in order to reach that top level, we only need some time. So people who do not "rush" right now, will be hte people who will be upset about it later on. I hope that we could be quick enough to buy it, I bought some but I am willing to pay some more and waiting for that to happen. Its not going to happen overnight, but the moment I get paid, I will end up using that to buy some more bitcoin and I hope it won't go up before that.

I don't really think Bitcoin will rise as quickly as you seem to think, since Bitcoin used to have a reputation of being a hedge against inflation for many people, but when inflation started to rise in many part of the world due to the Ukrainian war and western restrictions against Russia, Bitcoin failed to perform as expected and collapsed.

The thing is, it may not go up like he said, but it may as well, that's the thing. Nobody can guarantee us that price won't be 50k this month, I am not saying that it will be 50k this month because none of us know that but we do not know it won't either. So, why not just buy it if you think that it won't drop too much. That way you could decide on what's going to happen, and you will make a good amount of profit in the long run as well.

Buying right now means there is a very very small chance that you will lose your money, and a big big chance that you could make profit. This is why I believe that he is right, maybe his timing could be wrong, but the idea is right.

[Paul Pogba]

Investors who want to make a profit of course do a good plan, if you see the price trend in the current market then now is the ideal time to buy immediately, I'm optimistic that in 2 or 3 months the bitcoin price will return to $40k so that by buying now we can profit at least 15%.

[lornadane]

Investors who want to make a profit of course do a good plan, if you see the price trend in the current market then now is the ideal time to buy immediately, I'm optimistic that in 2 or 3 months the bitcoin price will return to $40k so that by buying now we can profit at least 15%.

The current decline in the market provides a good opportunity to buy at a cheap price, but I don't think investors will be in a hurry to try to enter even though the price looks cheap, because maybe with the right analysis of the price forecast, the bitcoin price might drop more cheaper than what we see today, the many negative issues that hit bitcoin make the bitcoin price likely to be corrected again in the near future.

[lixer]

The thing is, it may not go up like he said, but it may as well, that's the thing. Nobody can guarantee us that price won't be 50k this month, I am not saying that it will be 50k this month because none of us know that but we do not know it won't either. So, why not just buy it if you think that it won't drop too much. That way you could decide on what's going to happen, and you will make a good amount of profit in the long run as well.

Buying right now means there is a very very small chance that you will lose your money, and a big big chance that you could make profit. This is why I believe that he is right, maybe his timing could be wrong, but the idea is right.

This is basically the reason why we are speculating in the crypto world. If we knew exactly what it would do, then we wouldn't be guessing and losing money, we would be just doing whatever we want. But, we all know that it is not going to happen like that, so we just try to speculate and see where the price will be.

This results with us trading with things that would be a lot better in the long run, and that means profits would happen when the price goes up, for most people. Sure there are "some" people who make profit by shorting when it goes down, but a lot more people profit when it goes up. So that is why we mainly focus on when it will go up.

[_BlackStar]

The current decline in the market provides a good opportunity to buy at a cheap price, but I don't think investors will be in a hurry to try to enter even though the price looks cheap, because maybe with the right analysis of the price forecast, the bitcoin price might drop more cheaper than what we see today, the many negative issues that hit bitcoin make the bitcoin price likely to be corrected again in the near future.

The lowest bitcoin price so far after last year's ATH was $26K more but it is still possible to drop deeper given the high selling interest in the market. At the moment it may not be too risky to buy if the goal is a long term investment, but in the short term I think the risk is higher due to price volatility. Opportunities for profit definitely exist if you can really apply good strategy and analysis to trade, but of course you can't set high targets right now.

Buy the dips and consider accumulating as much assets as you can afford, this will be profitable in the long run but you should ignore market volatility to maximize profits. This may sound easy, but it will definitely be difficult to stay consistent especially due to the lack of experience. You and I are in the same position right now, looking forward to opportunities and making the most of them.

[Sanitough]

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.

There's really no problem if you have manage to store a lot of funds just to buy bitcoin when its price is dipping. But make sure you will be holding your patience for long as there may be chances that bitcoin price could drop more which i think the best time to buy. Some have waited for that before they start buying while others have been buying already when the market starts to dip. But as long as you are for long term hodling, even if bitcoin price continues to drop, you won't be bothered anymore.

[Kasabus]

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 history repeats, we will be seeing more low prices for bitcoin so its definitely a big break for all of us as we have been waiting for this to happen. The reason why we should always know when to best buy as it can offer us more discounts which means we will buying a lot of bitcoin at a more cheap value. While we keep waiting for the best price for bitcoin, others may have jump to conclusion and buy early thinking that bitcoin price won't fall after that. For me, its never a problem as long as they know how to hold them, but it would be better opportunities if we always end up buying at its best and lowest price.