Holding my horses for now

[Vaculin]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

Thats the problem we cant eventually foresee at what price bitcoin would be dipping. So the better move is do a dca on it so you could average your buy even its go down. No one can predict accurately the bottom unless you are a fortune teller and most especially only use money you arent scared to lose cause it may go down so its quite dangerous for you to use hard earned money.

Knowing how the crypto market seems very unpredictable, no one cannot foresee what will be the next price or the bottom price particularly for bitcoin since its highly volatile. So the best thing to do is not to wait for the dippest price, but to do DCA in every price drop.That way, you will never missed opportunities, and you will make the best buy if you are still buying in its bottom price.

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[jaberwock]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

This is the reason why dollar-cost averaging is one of the best, if not the best strategy in buying Bitcoin.

We don't know if Bitcoin will go down or up right? Don't just buy Bitcoin all at once but buy in portions. You can buy weekly or bi-weekly or anytime you want but don't buy at once since you've already said that it might dip down more. It's proven that it is working already and it lessens your risk as well.

I think that the best strategy depends on us if what kind of person we are. If are the patient enough then yes dca is the best for us, because we are not tempted to put all our money in one go but we can be able to wait for more dips to be able to buy again at a better rate while for someone that doesn't have that kind of patience, they usually drop all of their funds one btc dips for the first time.

They are also scared because they think that the price can then recover immediately and will take a long time before it dips again. When it comes to risk, we are in fact lessened our risk by the time we invested in bitcoin but we can lessen it more if we learn how to sell on the right time.

[Natalim]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

its not the same mate because you will end up losses even you keep adding when everytime the price of bitcoin is fluctuating, and it didn't make sense to be honest, wherein, much better to wait for the right time and don't be greedy to prevent losses.
Read some news instead and keep monitoring the market to get the right timing to buy, no need to rush when it comes buying be patient !

If I buy today doesn't mean that I am in a hurry but I don't want to lose the opportunity of buying Bitcoin at $30k (as for example) coz we are not sure what if the price of Bitcoin will suddenly pump unexpectedly. Could I blame other people for that? Not for sure and that was because we made our own decision.

If we could buy now, then there is no need to wait until later. Take the chance while the price of Bitcoin is quite cheaper, that was the best deal. We can't assume nor predict that it drops more by tomorrow or later.

[Findingnemo]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

Buying cheap is the best thing to do as an investor but no one can assure you that price of Bitcoin will slip to 19K or whatever because that is how the market works, it is unpredictable so buying at 29K is better than waiting for 20K if you're ready to hold it for years but who know it can reach too low or it may never happen.

[slaman29]

I learn more and more to just patiently DCA, whatever the price, and then get on with life. More relaxing, you still gain long term benefits and you don't lose sleep

DCA would be the key but only to those people who do have money to invest on but for those who dont have then the thing they would only do is to see their investment on a stable manner or something that they couldnt do something because of lack of funds which means that they would be holding their assets until the market would really make out some significant rise or make some reversal.
Myself had already accumulate when bitcoin drops less 30k level point which i can say a good entry or buy point but it would be still risk since we dont know if this one turns out to be a
dead cat bounce.

Not sure you make much sense at all. So what, you're saying DCA is for people who have money to invest and holding is for those who don't have money? I don't think that's true at all.

If I didn't have any money, not a single cent to invest, don't you think I'd be SELLING my Bitcoin? Because that's exactly what I do when I don't earn as much as I spend.

DCA doesn't need $100, it's even $5 a month, and if you can't save that much a month, you can't be owning any Bitcoin, or you're selling it.

[Hypnosis00]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

The concept of investing is buying at cheap conditions, this is in line with the current market conditions in crypto, if you say that buying now or later has the same thing, it is wrong according to my understanding. The difference is very clear, that if we buy bitcoin at cheap conditions, we will get a large return when bitcoin conditions return to normal, compared to buying bitcoin at normal and stable price conditions, try to pay attention to market movements against bitcoin

That is why it is very important for us to know how to assess the market situation and do chart reading because in this way we have some idea of when will be the best time to buy crypto and the time of selling. It was indeed people had missed a lot. They simply think that buying at any time will give them a good and desirable profit which actually a wrong perception. The more we understand the market and how it works, the more we know when I'm going to invest. Earning a profit from here varies from when we buy and sell them.

[Joshapat]

Didn't expect that if the market has not recovered since 7 months, this certainly makes us better holding than sell, market opportunities to rise are certainly very large, maybe we need even longer as happened in 2018 or trends every 4 years repeated .

[dezoel]

DCA would be the key but only to those people who do have money to invest on but for those who dont have then the thing they would only do is to see their investment on a stable manner or something that they couldnt do something because of lack of funds which means that they would be holding their assets until the market would really make out some significant rise or make some reversal.
Myself had already accumulate when bitcoin drops less 30k level point which i can say a good entry or buy point but it would be still risk since we dont know if this one turns out to be a
dead cat bounce.

The point of "people who do not have money" doesn't make sense to me. I mean if you have 1 million dollars, you could do DCA by dividing that into 50k each. If you have 100k, then divide to 5k, if you have 10k then 500 dollars if you have 1k then 50 dollars, if you have even 100 bucks, just do like 10-20 dollars each (even though it would be wise to deposit it all at once but invest in intervals).

If you have less than 100 bucks, then do not invest at all. This is what I think, maybe I am wrong, but even the minimum of 100 dollars could be used for DCA, and anything under would be useless. So it doesn't matter if you have millions or just few hundred, DCA works for all people.

[rodskee]

Didn't expect that if the market has not recovered since 7 months, this certainly makes us better holding than sell, market opportunities to rise are certainly very large, maybe we need even longer as happened in 2018 or trends every 4 years repeated .

actually this time is much better than what we had last 2018 because the drop from 20k ATH is really low compared to this year mate,  now we have at least staying in 50-60k downfall when in 2018 we have more than 70% of the actual price .
and also  this is expected mate that after the year of Halving effect the downfall will come and bring us this kind of burden.

[RealMalatesta]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

Buying cheap is the best thing to do as an investor but no one can assure you that price of Bitcoin will slip to 19K or whatever because that is how the market works, it is unpredictable so buying at 29K is better than waiting for 20K if you're ready to hold it for years but who know it can reach too low or it may never happen.

I agree that it is unpredictable but at the same time I have to say that it is quite unlikely for anyone to make calculations based on 19k, that was something that impossible to reach most of the time and that is why I believe that we won't be getting there. I believe that we should not be really hoping for a high price right away, but we should not be expecting such a low price neither.

All the drops in the bitcoin price ended up happening because of something important, whereas we are talking about something that is usually a bit more towards the impact of another bad news, so there is no reason to drop right now since there is nothing bad going on.

[Kelvinid]

Didn't expect that if the market has not recovered since 7 months, this certainly makes us better holding than sell, market opportunities to rise are certainly very large, maybe we need even longer as happened in 2018 or trends every 4 years repeated .

actually this time is much better than what we had last 2018 because the drop from 20k ATH is really low compared to this year mate,  now we have at least staying in 50-60k downfall when in 2018 we have more than 70% of the actual price .
and also  this is expected mate that after the year of Halving effect the downfall will come and bring us this kind of burden.

That is actually what we see and this is because people have managed to change their behavior and do listen to advice rather than being too emotional.
I was confident enough to see that the market won't go far deeper just like in 2018, we see how effective is holding and it brings changes to the entire market trend. However, we couldn't just think about an easy recovery, we still need strong support to uplift and change the momentum like having the participation of these whales and huge investors.

[dunfida]

Didn't expect that if the market has not recovered since 7 months, this certainly makes us better holding than sell, market opportunities to rise are certainly very large, maybe we need even longer as happened in 2018 or trends every 4 years repeated .

actually this time is much better than what we had last 2018 because the drop from 20k ATH is really low compared to this year mate,  now we have at least staying in 50-60k downfall when in 2018 we have more than 70% of the actual price .
and also  this is expected mate that after the year of Halving effect the downfall will come and bring us this kind of burden.

That is actually what we see and this is because people have managed to change their behavior and do listen to advice rather than being too emotional.
I was confident enough to see that the market won't go far deeper just like in 2018, we see how effective is holding and it brings changes to the entire market trend. However, we couldn't just think about an easy recovery, we still need strong support to uplift and change the momentum like having the participation of these whales and huge investors.

We do need indeed a strong support and some good fundamentals or news which would really be a good catalyst for having a good market movement or simply going up or breaking this bear market.

We've been moving sideways for a while now and if there's some movement then its really just minimal or something that cant really be predicted well thats why people would really be ending up on

holding which it isnt really that a bad idea but be sure on making out some accumulation while the market price is still cheap.Recovery is inevitable and something that could really happen.

[Wawa2013]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

Buying cheap is the best thing to do as an investor but no one can assure you that price of Bitcoin will slip to 19K or whatever because that is how the market works, it is unpredictable so buying at 29K is better than waiting for 20K if you're ready to hold it for years but who know it can reach too low or it may never happen.

I agree that it is unpredictable but at the same time I have to say that it is quite unlikely for anyone to make calculations based on 19k, that was something that impossible to reach most of the time and that is why I believe that we won't be getting there. I believe that we should not be really hoping for a high price right away, but we should not be expecting such a low price neither.

All the drops in the bitcoin price ended up happening because of something important, whereas we are talking about something that is usually a bit more towards the impact of another bad news, so there is no reason to drop right now since there is nothing bad going on.

That's why investing in crypto is very risky, because market movements are very difficult to predict, so we really have to be careful with the decisions
we will take. Therefore, don't panic to face the current bear market situation. We have to stay calm and try to do our own analysis to predict where
the market will move. Especially for investors who have experienced bad things in 2018, see what happened in this year not so surprised and know
what to do.

I am one of those people who experienced what happened in 2018, therefore, facing a bear market this year, I am more prepared. And based on
the results of the analysis I did I have the same opinion as you that Bitcoin probably will not fall to touch the price of $ 19k. So I took the steady
step of holding the Bitcoins I had, and I continued to buy regularly with the extra money I had. Because selling Bitcoin at a low price like now
to be able to buy Bitcoin at an even lower price, that's a much riskier decision in my opinion.

[Oasisman]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

Of course buying them cheap is the best strategy for any investments, but how do you identify accurately if this current price is the bottom or not? This is where people miss the opportunity especially during the dip, a huge dip just like what we have currently. What if the bottom was 26k and you have bought any. People would always be screaming "DCA".
What's more worth it? Not buying at all because Btc did not fall to $19k or bought some for $26k?
Nevertheless, buying today would surely profit you in the long run, that's what all matters.

[tygeade]

Of course buying them cheap is the best strategy for any investments, but how do you identify accurately if this current price is the bottom or not? This is where people miss the opportunity especially during the dip, a huge dip just like what we have currently. What if the bottom was 26k and you have bought any. People would always be screaming "DCA".
What's more worth it? Not buying at all because Btc did not fall to $19k or bought some for $26k?
Nevertheless, buying today would surely profit you in the long run, that's what all matters.

You check the price and how much it went down in the last 1 year. When the price is 26k and the highest is 68k, you know that is the bottom, plus it stays there and doesn't really go down neither. This works for 30k or even 35k as well, you would have been in a loss if you bought at 35k, but you know that you could DCA that lower, and you could always get a better price very quickly as well, reaching 35k+ would be easy for bitcoin for sure.

So, it is not really that much of a trouble at all. What I am aiming at right now is 40k+, and I bought much lower, so it is not really a big problem for me at all, all I have to do is just wait for it to happen.

[coolcoinz]

How do you guys know if this is a good level to buy or not? The answer is you don't so it's better to be involved, even if it's not the bottom yet, then not be involved at all and miss the opportunity.

Also, nobody knows where the price is going to be, especially people who give their predictions in the media.
I'll just give you guys a few predictions from early 2018 and you can decide if these guys are some financial gurus or full of shit taking numbers out of thin air.
Tim draper $250k by 2022
Ronnie Moas $28k peak in 2018
Fran Strajnar $200k in 2019
Tom Lee $91k by March 2020
Michael Novogratz $50k in 2018
Spencer Bogart $50k in 2018
Trace Mayer $27k in 2018

[Dave1]

How do you guys know if this is a good level to buy or not? The answer is you don't so it's better to be involved, even if it's not the bottom yet, then not be involved at all and miss the opportunity.

No one knows, everyone has his/her own wild and educated guesses. So It's better to just buy if the price is below $30k'ish in my opinion. So could be the one of the easiest buying opportunity to all of us.

Also, nobody knows where the price is going to be, especially people who give their predictions in the media.
I'll just give you guys a few predictions from early 2018 and you can decide if these guys are some financial gurus or full of shit taking numbers out of thin air.
Tim draper $250k by 2022
Ronnie Moas $28k peak in 2018
Fran Strajnar $200k in 2019
Tom Lee $91k by March 2020
Michael Novogratz $50k in 2018
Spencer Bogart $50k in 2018
Trace Mayer $27k in 2018

Tim Draper's prediction though seems to be exaggerate in my opinion. But we under stand where he is coming from.  Same with Michael Novogratz, and it's funny that those predictions are in 2018 majority, wherein we suffered a huge downward trend.