waiting to buy lower?

[yohananaomi]

Waiting for a bottom will always be wanted by many traders because they will think that the profit will be bigger when the price goes up, the problem is that no one can know about the actual bottom so every time there is an opportunity to buy at the current price I think it's good, so don't just because too focused on the bottom to forget to buy so lost the opportunity to buy BTC at low prices as it is today.

One smart person told me, that trying to catch the bottom is a lottery. I agree with him, so I have already started buying. No one is able to know where the bottom will be, moreover, you can miss the market reversal and then the entry point will be much worse than the current price, so buy now, but leave some funds in case the market continues to fall.

true, it's hard to determine the right time but of course it's wiser to always be able to prepare yourself because it could happen at an unknown moment. Of course, what you said is very correct, friend, namely to continue to leave and prepare funds when the market will occur according to what we want (the market continues to fall).
the current situation does look like it will happen, but it doesn't look like it's starting to escalate and of course that's also not a guarantee. because the world situation with the crisis will actually occur next year which will obviously have an impact on crypto as well.

[rhomelmabini]

Waiting for a bottom will always be wanted by many traders because they will think that the profit will be bigger when the price goes up, the problem is that no one can know about the actual bottom so every time there is an opportunity to buy at the current price I think it's good, so don't just because too focused on the bottom to forget to buy so lost the opportunity to buy BTC at low prices as it is today.

Traders don't necessarily wait the bottom maybe you're referring to the investors. Traders will trade even on any market conditions, they're not waiting for price to bottom or to peak. I don't think anyone will be able to perfect it or timing the market the best strategy is to DCA, the best strategy there is then wait to sell it at higher price.

[Inwestour]

Traders don't necessarily wait the bottom maybe you're referring to the investors. Traders will trade even on any market conditions, they're not waiting for price to bottom or to peak. I don't think anyone will be able to perfect it or timing the market the best strategy is to DCA, the best strategy there is then wait to sell it at higher price.

Traders can also wait for the bottom to use this opportunity in their trading strategies. And for investors, the DCA will be the best solution, since trying to catch the bottom is a difficult and unnecessary task. It is also very important to determine the moment when you need to start buying, because if you do it wrong and start buying too early, then as the price falls, there may simply not be enough money to distribute purchases for the entire period of the fall.

[reelstuff]

Some interesting observations posted, I remember seeing bitcoin being pushed up higher and higher, highs, lows, sideways...

  Back then you could make good trades and cash in multiple times a day but now it almost seems like every dollar you put in the bottom keeps going lower.

When BTC was hitting 58 and up I kept thinking its going to explode to 100 of course it didn't

I also remember thinking why didnt I buy when it was around 20, LOL.

  One thing I keep seeing that is really just the imagination of writers posting on blogs is this idea that crypto is now tied to the stock market...

IT does look that way right now but it really only appears that way because institutional investors are not panicking they are buying right now.

Another thing that seems just wrong is the idea that long term bonds affect the price of crypto...   (NOPE)

A lot of the big buyers whales, ect, got into crypto because the higher pricing made the market more exclusive.

They made plenty of money but I really believe that most of those "players" did not panic and sell out I suspect a lot of them continued to buy.

Most people still have no idea what crypto is or how it works it's kind of like having a conversation with someone about unix and linux, they have no idea what it even is or what it does most of the time you can tell right away if they are just trying to figure out if they know enough acronyms to make it through the conversation.   It is like that with most "average" crypto buyers and traders most of them have no idea how to determine if a particular crypto is worth investing in or if it's just a superficial sugar coated glaze on a bad donut.   Lower, Higher, Sideways, this is absolutely not going to last at the level it is now.   I think that what we are seeing right now is not a bear market.   The bulls and bear analogy does not fit right now.   I do believe that it is going to go back up and when it does it will be fast and it will probably back down but not to where we are now.   Just guessing here but I suspect we are going to see some 22 to 30 then back down to 18,  then back to 25, then 23, then 32, but you get the idea, of course if we knew this was the bottom, (which I think it is) we would be buying right now instead of waiting for lower prices because it seems like the more you buy the lower it goes, LOL...   When it does go back up a lot of people are going to do really well, (if they don't sell it back too fast)

[LUCKMCFLY]

You will learn the fundamentals and you will find the right patterns for your successful trading practices, if you will take time to do your research and you will keep the right mindset in keep learning more strategy for your trades, it's possible for you to create your own trading style that will be more competitive whatever kind of market you will going to invest your money.

Not an easy task but very doable if you are keen in finding your success, and if you want to have a financial freedom in the in your future.

It will never be easy to do an analysis because whatever it is we can't completely eliminate the risk. The market will continue to fluctuate and the expected profit will not necessarily be generated if the trend changes quickly, so traders may have to be willing to wait for some time before the price increases for some time.

For now I'm more inclined to wait rather than force to buy assets other than bitcoin. I think bitcoin is still the safest to buy, but not for altcoins even though the trading volume is quite high.

I go with your statement, the fluctuation will really hurt your investment if you don't have patience, but like what I have said it's more on your own analysis and how you perform your research before dealing with your investment, lots of factors but having a good fundamentals will generate you good judgement each time you participate with your trade.

In regards to bitcoin, I'm positive that there are still many investors and traders that will choose bitcoin instead of trying to short or invest with alts.

You are right, I do not see a good strategy to buy altcoin in a bearish market, in a bearish market the smartest thing to do is to buy Bitcoin as the person allows it, their own financial situation will determine it, for this there must be enough conviction that bitcoin may go up, but not when the person calculates, but rather when it should go up, but what the iversore should know is that the more the price drops, the more bitcoin should be bought, it is the best investment, I know that bitcoin will go up much more than $70k, I couldn't say how much it will go up or when, but the trend is that it will be much more than $150k than what I could imagine it could do.

[xzy887]

People are waiting to buy lower, but what if you're wrong and this is the bottom?

You never know what's going to happen next.

The cryptocurrency market has been in a lot of dumping for the past few months. Good amount of profit is not available by trading at this time. However, if you invest and hold Bitcoin at the moment, it will eventually turn out to be very profitable. So this is the best time to invest in Bitcoin.

I myself believe that Bitcoin will definitely reach its peak. But when?
We've seen a lot of bad things for Bitcoin this year. And will this situation be fixed in 2023? And if it is not right in 2023, then many people will lose faith in Bitcoin and many people will be forced to abandon Bitcoin. So it can be expected that if you invest in Bitcoin now and hold it, you will definitely be able to profit in 2023.Because the possibility of Bitcoin to rise in 2023 is very high.

[sutil]

Expecting crypto to get more lower until the next halving didnt happen.

People are waiting to buy lower, but what if you're wrong and this is the bottom?

You never know what's going to happen next.

[LUCKMCFLY]

Waiting for a bottom will always be wanted by many traders because they will think that the profit will be bigger when the price goes up, the problem is that no one can know about the actual bottom so every time there is an opportunity to buy at the current price I think it's good, so don't just because too focused on the bottom to forget to buy so lost the opportunity to buy BTC at low prices as it is today.

One smart person told me, that trying to catch the bottom is a lottery. I agree with him, so I have already started buying. No one is able to know where the bottom will be, moreover, you can miss the market reversal and then the entry point will be much worse than the current price, so buy now, but leave some funds in case the market continues to fall.

Yes, that's very good, but how to know what the lowest point is, what I'm saying is, if a person has, let's say, $20k to invest and buy in Bitcoin, I wouldn't let him buy it all at once, I would buy it all at once. in a staggered way, I would buy one week one part and another week the other part, because it is very likely that the price could drop, also the rumors of the war with Russia and Ukraine are still going on, these things can be taken into account as a fundamental factor, If we can't see things that way, it's difficult because we can buy $30k now, but if the price loses 10% or more, the person will feel bad.

[ibuddy122505]

Waiting for a bottom will always be wanted by many traders because they will think that the profit will be bigger when the price goes up, the problem is that no one can know about the actual bottom so every time there is an opportunity to buy at the current price I think it's good, so don't just because too focused on the bottom to forget to buy so lost the opportunity to buy BTC at low prices as it is today.

One smart person told me, that trying to catch the bottom is a lottery. I agree with him, so I have already started buying. No one is able to know where the bottom will be, moreover, you can miss the market reversal and then the entry point will be much worse than the current price, so buy now, but leave some funds in case the market continues to fall.

Yes, that's very good, but how to know what the lowest point is, what I'm saying is, if a person has, let's say, $20k to invest and buy in Bitcoin, I wouldn't let him buy it all at once, I would buy it all at once. in a staggered way, I would buy one week one part and another week the other part, because it is very likely that the price could drop, also the rumors of the war with Russia and Ukraine are still going on, these things can be taken into account as a fundamental factor, If we can't see things that way, it's difficult because we can buy $30k now, but if the price loses 10% or more, the person will feel bad.

It may be useful to understand potential market positions by looking at this. Without understanding market sentiment and market cycles, you will never be a successful investor. It's half the battle if you buy at the bottom. It is also important to sell the top at the right time. Is it possible for us to tell the exact bottom and peak? Absolutely not. However, you can calculate an average.

[Sebas.tian]

I think, those investors waiting for the price to decrease more than the current price before they can buy will not get it right in the crypto market, because the price has been low over some months which many potential investors that understood how the market price work has used the opportunity to purchased and hold for a better future. You can still buy in this season because the price is still low but it will increase higher any moment from next year to help investors to achieve something good from their investments.

[Okereke]

People are waiting to buy lower, but what if you're wrong and this is the bottom?

You never know what's going to happen next.

The instability of the crypto market to some extent has proven to be unpredictable. Even after this particular post, the price of many altcoins have drastically dropped and many traders lost out. But for me, I think it's actually good to buy more if you have funds at the moment.

[mvdheuvel1983]

Waiting to buy lower is just not a solid strategy. The time spent in waiting to buy would have been spent in accumulating more bitcoins.
The concern right now shouldn't be whether we have reached the bottom or whether the bear market is over but should be whether we are hitting out target of 1btc and then positioning ourselves for the for the bull run.
There's not reward for waiting. None at all.

[dunfida]

Waiting to buy lower is just not a solid strategy. The time spent in waiting to buy would have been spent in accumulating more bitcoins.
The concern right now shouldn't be whether we have reached the bottom or whether the bear market is over but should be whether we are hitting out target of 1btc and then positioning ourselves for the for the bull run.
There's not reward for waiting. None at all.

You do mean DCA?

Not all does have the money
Not all does have the patience
Not all does have that decisive moment

We do all want to buy the lowest price as possible and we do keep on hunting that spot or moment which it cant really be that possible on doing so because this market
is totally unpredictable.There's no way that we could be able to read on wheres next it would be heading and this is why people do commit out same mistakes
all over again just because those predictions and analysis had been messed up.

[serveria.com]

People are waiting to buy lower, but what if you're wrong and this is the bottom?

You never know what's going to happen next.

But why? There are several factors worth mentioning:
* historic patterns, 4 years cycles - people are comparing this cycle to the previous ones and the bottom should be reached in Q1 2023 (February-March?) according to that pattern. I wouldn't rely on that as the pattern has changed significantly - we had no exponential blow-off top: just x3 instead the x20- x30 we got used to. We also broke the tradition of not going below the previous cycle's ATH (dive under ~$19k we reached back in 2017).

* macroeconomic situation - war, post-covid issues, energy prices growing, hyperinflation, recession. You can't rely on this, because people may look for a safe heaven with all these stocks meltdowns, money losing value etc. They may consider Bitcoin to be such a safe heaven asset?

* overall bearish mood between traders - this one is hard to explain, sort of a collective brain. Noone is buying I won't too.