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Author Topic: What is your fill the bag Bitcoin price?  (Read 935 times)
RILWAN (OP)
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May 26, 2022, 09:09:11 PM
 #1

So many Bitcoin investors always look out to when the price will be appropriate to fill the bag of bitcoin holdings, that is why they always look forward to bitcoin drops in price to buy more. So am putting this question to you what is your set price to buy more bitcoin during this dip?

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May 26, 2022, 09:24:10 PM
 #2

So many Bitcoin investors always look out to when the price will be appropriate to fill the bag of bitcoin holdings, that is why they always look forward to bitcoin drops in price to buy more. So am putting this question to you what is your set price to buy more bitcoin during this dip?

For me, just buy when the price goes down, you don't have to wait for a certain price before buying. Of course there is an advantage when buying $20k as compare to $29k, but the thing is will the price go that low? what if it's not? and the price suddenly bounce back to $35k? So you missed that opportunity already. So better prepare yourself to buy at every dip and just take advantage of it, and no need to wait and don't regret when you have bought already even if the price goes down further.

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May 26, 2022, 09:34:04 PM
 #3

The more you're in crypto the more you'll realise you're best selling dips near aths (if your strategy isn't full accumulation) and best buying dips when further away from them.

29-30k was a price i had in mind since the last ath though as it seemed to be a very strong support and resistence (and still is).

If we go further down, 20-25k would be where I'd next consider buying - if you do buy more incrementally, you'll realise you can buy more as the price drops but not so much more that you'll actually regret not buying at the higher price (from my perspective anyway).
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May 26, 2022, 09:56:24 PM
 #4

So many Bitcoin investors always look out to when the price will be appropriate to fill the bag of bitcoin holdings, that is why they always look forward to bitcoin drops in price to buy more. So am putting this question to you what is your set price to buy more bitcoin during this dip?
Below $30k, and lucky if I can still get BTC from below $25k.
I can wait that much since I have a limited capital so when I see opportunity to buy, I will do it. I was able to short some BTC and have a good result, BTC has been playing for this price range, a good opportunity for a short trader. I wish to buy more at a more cheaper BTC, we will see it Bitcoin goes dipper below $20k again, I’ll go all in for that.
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May 26, 2022, 10:21:19 PM
 #5

So many Bitcoin investors always look out to when the price will be appropriate to fill the bag of bitcoin holdings, that is why they always look forward to bitcoin drops in price to buy more. So am putting this question to you what is your set price to buy more bitcoin during this dip?
If it hits $25k, I'll buy more but that's not a condition to me. As long as I've got money to buy at any price that I'm good with, I'll buy. That's the matter with most of us, we're targeting and setting a price and if it's not hit, what do we do next?
DCA, it's the best strategy. It's okay to set a price but if it's not hitting, you just do your thing and buy as soon as you've got spare money and if you're long, there's no need to worry about it because you have an all set price in the future.

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May 26, 2022, 10:27:01 PM
 #6

So many Bitcoin investors always look out to when the price will be appropriate to fill the bag of bitcoin holdings, that is why they always look forward to bitcoin drops in price to buy more. So am putting this question to you what is your set price to buy more bitcoin during this dip?

Don't have any set price to buy but I always look up for how the market goes and what will be the emotion spread on the market since if we just look at the price without having a look on something needed to consider on trading then maybe we are doing a more risky trades. I am waiting or monitoring the price right now to see what is the ideal price to join the market and this days are best to join if we want to short because the market is falling and mostly the volatility is great for us to earn especially we want to do short trades.

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May 26, 2022, 10:31:33 PM
 #7

You buy the dip if you are planning to short trade but or buy the dip if you are planning to hodl for long term thus keep waiting until the next bull run happens. There's no exact time or price to be honest if you want to buy or invest though but as long as you think it's gonna give you a profit then go for it. This is not applicable for newbies, they should learn the basics first.

If you have enough money or right amount of money that you think you are ready to lose then buy Bitcoin. And don't think that you only need to buy if this is the bottom, no, you are not since no one knows what will be the bottom so you should take the risk to buy what you think is the bottom then proceed to carry out your next plan.

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May 26, 2022, 10:59:01 PM
 #8


Data shows that the price isn't the bottom so if a trader who sees it coming might just put his buy price to the worse that could happen and just hold his stablecoin for now. Base on what I have seen on speculations, there are really worse fud spread who predicts price to go below $10K. But the fair price which they commonly say is the $24500 to be the bottom.

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May 27, 2022, 12:58:59 AM
 #9

I was just thinking for extreme caution its surely got to see the BTC price above the 50 day average.   Its so close by if Grandma was investing her pension I'd say theres little to rush the situation in consideration till we trade above the 50 day and stay above there.   Theres no knowing it will stay above the 50 day when it passes, but I believe there is a better chance once we do of accumulating positive momentum at that moment.
   For others the method might be to buy into the dips and harsh ones give the best price, thats a more risky route.   On that count there is both the 200 week average that many will buy  on I think, I doubt we get to the 2019 highs but we live in a world of events that might cause a sharp sell so on one particular day it could occur I guess.

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May 27, 2022, 02:24:33 AM
 #10

Whenever MicroTragedy gets margin called out of the market.  It will happen.  I’ve been calling this bear market since last year and we’re heading sub $20k.  I don’t think sub $10k but somewhere in between $10k-$20k is the bottom in this cycle IMO.  This is just the beginning, as we slowly see tech companies stagger… first Netflix, then Snapchat.  Coinbase stock is more of a bargain now than bitcoin, though even that could dip harder with the rest of the market.

Since the institutional move into crypto, it really moves with the markets, aside from the occasional good/bad crypto news that carries it off that general trend.  But you can predictably see how the western/global economy is weighing on crypto lately.  We will face a market crash in the US and that will wipe out Michael Sayalator.
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May 27, 2022, 03:11:05 AM
 #11

My area to buy would be the 200 weekly moving average. If you look at a weekly chart since bitcoins existence you will see it as strong support.

Last I checked it was something like $22K. Which is ideal since I don’t think the old ATH will be reached. And I think we will chop for the summer and the $25K will eventually be retested and broken. Way too much negative news lately for Bitcoin to not retest the $25K area at least. All the bounces are very very weak.
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May 27, 2022, 04:41:57 AM
 #12

Based on what I've seen most people who are waiting a long time for an arbitrary dip to start buying, and specially those who have dreams about a very low and unreasonable dump, are never going to buy bitcoin in that "dip". For example people who are waiting for $25k to buy are not going to buy even if we reach $25k because they would change their target to something lower like $20k and then they always end up buying at a loss at a price like $40k!

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May 27, 2022, 05:51:05 AM
 #13


Data shows that the price isn't the bottom so if a trader who sees it coming might just put his buy price to the worse that could happen and just hold his stablecoin for now. Base on what I have seen on speculations, there are really worse fud spread who predicts price to go below $10K. But the fair price which they commonly say is the $24500 to be the bottom.

I don't think that we need to hear those FUD's those, the price is bound to go down as we are in a bear market. Like others said, from ATH to the current price, or six months later, this is very cheap and indeed a good price to buy.

If might not be the bottom and there is a big possibility that the price will go to $24,500, but I wouldn't wait for that. Just buy when at the current price of below $30,000.

 
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May 27, 2022, 06:17:59 AM
 #14

I don't have a specific price, nor a formula to calculate it, but what I do see is that now is a better time to buy than when you had to pay twice as much.

I agree with jackg:

The more you're in crypto the more you'll realise you're best selling dips near aths (if your strategy isn't full accumulation) and best buying dips when further away from them.

It's a general rule of thumb to go against the herd. In general I think I have a good sense for noticing this and I've done well in buying and selling.

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May 27, 2022, 07:50:08 AM
 #15

So many Bitcoin investors always look out to when the price will be appropriate to fill the bag of bitcoin holdings, that is why they always look forward to bitcoin drops in price to buy more. So am putting this question to you what is your set price to buy more bitcoin during this dip?
When you see the price movement of Bitcoin where the exchange is currently collapsing then it should be a very good moment to buy as much as you can, because bitcoin is a very limited digital currency so when the demand is high it will make it difficult for many people to get bitcoin at a low price.


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May 27, 2022, 09:34:58 AM
 #16

So many Bitcoin investors always look out to when the price will be appropriate to fill the bag of bitcoin holdings, that is why they always look forward to bitcoin drops in price to buy more. So am putting this question to you what is your set price to buy more bitcoin during this dip?
we are already at dip now so are you asking for more lower price than what we have now? the value fell down to 26k recently and i think that is more than enough to buy and accumulate more and more bitcoin.

and now that we are standing at 28-31k ? isn't enough to keep buying if you are still having funds.

buy now and reserve for tomorrow .

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May 27, 2022, 09:42:47 AM
 #17

My diversification plan has me more likely to sell crypto than buy it...  However, I think if the price were to fall down to $9,800 I would probably divert some funds from other investments to picking up a stack of BTC.  More likely I would sell off a lot of the things I purchased with BTC when the price was higher, which is one of the smarter things to do to increase your stack while enjoying it as well.

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bitzizzix
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May 27, 2022, 10:06:05 AM
 #18

I don't have a buy target for the lowest price in bitcoin, because nothing is certain and I'm just taking every drop of it to grow my holdings.
and usually i only do it when the bitcoin price is down 50% from the previous high, and if the price keeps going down i will buy it again gradually each time it goes down and until the end point of the decline and hold, for the long term.


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Ojengonggu
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May 27, 2022, 10:14:48 AM
 #19


Data shows that the price isn't the bottom so if a trader who sees it coming might just put his buy price to the worse that could happen and just hold his stablecoin for now. Base on what I have seen on speculations, there are really worse fud spread who predicts price to go below $10K. But the fair price which they commonly say is the $24500 to be the bottom.

To go down to the price of $10k I don't think it will be possible because it was beyond the market price last year.
It might take a long time to get down to $24k, so for those who want to invest in the short term, I think you should be patient at least until the price falls to $26k or $25k, it's a good buy.

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May 27, 2022, 10:41:51 AM
Merited by Lucius (1)
 #20

It is funny that the speculation turns quickly, take a look at the market about two or a month ago and you will find that the majority were expecting prices at 40 to 70 or more and now everyone is expecting to see levels below 30,000 and are preparing to buy.
Therefore, the analyzes change quickly. It is true that all the data talk about the possibility of a decline, but as I mentioned to you, any variable is capable of changing the general mood quickly.

Overall, the echo of stagflation is what frightens me now, so it's likely that not many people will prefer higher-risk investments.

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