Bottom For Bitcoin?

[Mark301]

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

[1713536246]

1713536246

[1713536246]

1713536246

[1713536246]

1713536246

[1713536246]

1713536246

[1713536246]

1713536246

[mk4]

You need to understand that no-one can accurately predict this crap. Also, and that you don't need to buy exact bottoms (because it's almost impossible for 99% of people to catch bottoms). If you just want to invest for the long-term and NOT trade actively, just dollar-cost average.

https://dcabtc.com/

[tranthidung]

Do neither find absolute bottoms nor time the market.

Let the market does it works and bottom will appear clearly at right time. You must to wait for bottom confirmation to response to the market. It means you will buy at a little higher price than absolute bottom price but you will be safer with this approach.

Don't time the market means don't predict when the market will reach to its bottom. We are aware that the crypto market has 4-year cycle but it does not mean each cycle will last exactly 4 years. It can start or end sooner or later than previous cycles.

[hugeblack]

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Nobody knows, but according to the analyzes and the data we have and with the recent move made by the Federal Reserve, we are safe, as the price of 20k may be considered the bottom, but if things develop, we may see levels such as 15k to 17k.

In general, you should not buy at the same bottom because the price of 15k, 17K and 20k are all equal if you plan to keep your currencies until you reach the price of 200 thousand, so do not care much about determining the bottom but buy what you can buy now.

We're almost at the bottom and it doesn't matter how far we go.

[palle11]

Well no prediction is accurate and trying to find buttom isn't what should be the concern because we are never going to be certain about that all we do is predict from what chart we have. For the moment we are sure the trend is still down and I believe this month is going to close before a contrary prediction will be seen. I can say maybe we can see more bear to $12,705 but this is just for my personal consumption not an expert advise , trade or hodl consciously.

[boyptc]

What do you think will be the bottom for Bitcoin, from which it will begin to recover?

A question that is answerable by a speculation and will end up telling you that nobody knows.

Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Both.

If you think that there's more with the bottom and you just have to wait for it, no one will stop you. But I'll tell you one thing, DCA and I've already bought from this bottom.

[Maus0728]

Will not wait for the bottom! I would otherwise go sell most of the important asset I own which can include house and lot, and vehicles. Plus, one of the body organs I have to buy more stash of bitcoin!  .

Kidding aside mate, as others have said, I would rather opt-in using DCA strategy than timing the market to trigger your buy button -- of course, if you are planning long term. If in case bitcoin continuously go down in the next few weeks or days, you can replicate the process and buy bitcoin again at a much premium price.

[Leebabe]

No one can perfectly predict the exact bottom for BTC but there could be very close predictions. Also knowing the best time to buy isn't certain .It could get to $15k though. In the end you'd be the one to decide on the risk to take

[Rruchi man]

What do you think will be the bottom for Bitcoin, from which it will begin to recover?

IMHO, I think it is best not to bother yourself with questions like this especially when you have made a decision to hodl. if you have made such a decision, be rigid with that decision and be determined to ignore the market trend.

Regardless of the fact that no one here can accurately give an answer to this your question, the speculated answers may perhaps begin to slowly have an influence on you decision to hodl if perhaps the market starts going the way of someone's prediction of bottom for bitcoin.

Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

The facts have be laid out before you that this dump offers an opportunity for newbies to get into the market, whether you decide to get into the market now or later is a decison up to you to make.

[maydna]

Don't wait too long to invest because it could be too late to notice. If you see the price being dumped, buy some satoshi and wait a bit. If the price gets dumped again and this time the price drops deeper, then buy a little more and wait a little longer. But set a price range for you to buy, and don't do it if the price range is too short because the price can bounce back to the previous high price. We don't know when the bottom will be there and we can only try to buy at every low price.

[ottokoester]

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Well, with all my experience since 2013, I was knowing and prepared for 24k... but after these last days, I can surely say to yu that everything is possible... I mean everything... 18k - 5k 

[ottokoester]

No one can perfectly predict the exact bottom for BTC but there could be very close predictions. Also knowing the best time to buy isn't certain .It could get to $15k though. In the end you'd be the one to decide on the risk to take

Some guys are talking about 5k --- and actually I think that its not impossible...

[mk4]

Well, with all my experience since 2013, I was knowing and prepared for 24k... but after these last days, I can surely say to yu that everything is possible... I mean everything... 18k - 5k 

Some guys are talking about 5k --- and actually I think that its not impossible...

5k has always been possible — I mean, we're talking about the ultra-volatile bitcoin here. But if you're going to wait for 5k and it ends up not happening, what now?

Dollar. Cost. Average. Stop trying to time bottoms.

[sklopan]

To be honest, it’s hard to imagine a bitcoin price below 20,000 now. I understand that the market is in a difficult situation, but I hope that we won’t see below this price in the near future.

[bitzizzix]

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Bitcoin is not easy for anyone to predict accurately even if they are an expert, because besides that the demand and supply of bitcoin also moves up and down due to many events.
just let bitcoin or the market move as is and do what's best for you as bitcoin prices go up and down, and for now I think apart from doing DCA you can buy every drop you think is a good time.

[The Cryptovator]

No one can advise you in these circumstances. You are the one who can decide. The market is quite volatile right now and it's quite impossible to predict right now. A lot of FUD coming outs at the moment and marketing going down day by day. Bitcoin was stable to 30K zone for a few days now playing around 20K zone. We won't able to accumulate the exact bottom always, you have to be lucky enough for that. If I had enough money now, I would accumulate at the current price. Because it seems to me a good zone to buy even not the bottom.

[Silberman]

You need to understand that no-one can accurately predict this crap. Also, and that you don't need to buy exact bottoms (because it's almost impossible for 99% of people to catch bottoms). If you just want to invest for the long-term and NOT trade actively, just dollar-cost average.

https://dcabtc.com/

While I can understand why people like the OP would like to catch the bottom, as who would not like to do so, at the same time this reveals they have not done any serious study towards investing or trading in general, I still remember the first time I was watching the charts and the price and without a doubt catching the bottom and the top seemed very attractive back in my newbie days, but as soon as I began to seriously study the markets it became very clear that such a thing was impossible, but fortunately it is also unnecessary as there are many ways to profits from the markets without having to time our entry or our exit points perfectly.

[Strongkored]

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

The answer will always be the same, no one will be able to accurately predict the bottom for bitcoin, then why wait to get to the bottom to buy, any time when btc have entered a bearish period is a good time and actually anytime is good as long as you make it an investment/long term holder but for trading you have to learn many other things.

[serjent05]

What do you think will be the bottom for Bitcoin, from which it will begin to recover? Another question is whether now is the best time to invest or whether waiting for more dump is advisable.

Nobody knows, but according to the analyzes and the data we have and with the recent move made by the Federal Reserve, we are safe, as the price of 20k may be considered the bottom, but if things develop, we may see levels such as 15k to 17k.

Some youtube vlogger says that the bottom may probably reach $14k-$18k range and the bear market will last until September[1] this year.  But I believe that the bear market will last longer than what the yt vlogger stated, I think it will last until the 2nd quarter of the following year 2023.

In general, you should not buy at the same bottom because the price of 15k, 17K and 20k are all equal if you plan to keep your currencies until you reach the price of 200 thousand, so do not care much about determining the bottom but buy what you can buy now.

We're almost at the bottom and it doesn't matter how far we go.

Yeah just DCA, buy bitcoin at any given opportunity to get it at a discount.

[1] https://youtu.be/xkU4nMhNLJw?t=388

[livingfree]

Well, with all my experience since 2013, I was knowing and prepared for 24k... but after these last days, I can surely say to yu that everything is possible... I mean everything... 18k - 5k 

Everything as in is truly possible.

We can expect for the worst case scenario and the lowest that it can be. But if bitcoin stays strong at the $20k then we're now having another all time low.

And by checking that stats, it only shows that bitcoin is on the right track. It's not how much it will increase in the future but how much the support will be for this bear and for the upcoming years to come.