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Author Topic: waiting to buy lower?  (Read 1915 times)
m2017
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June 28, 2022, 06:07:21 PM
 #21

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.

Actually those still waiting will never buy. They still need some sort of miracle to convince them. Some wait for lower prices and when the prices start rising they cry that they've missed the train and now is too expensive (no matter when that now is), some others are disappointed and sell now at a loss, claiming Bitcoin to be Ponzi and so on, and near the next ATH they may FOMO buy again.

As said, human psychology is very strange / counterintuitive. And also as said, whoever wants to buy, DCA is the easiest and best way to do it.
You are raising a very interesting issue. Those who are ready and determined to buy bitcoin will not wait for the best moment and will buy right away, because they believe in the potential and in the future of bitcoin. Such a person initially understands that sooner or later he will make money on this purchase anyway, therefore, he doesn't look for various excuses, to delay bitcoin purchase. So, I also believe that those who are waiting for a price reduction will not buy bitcoin even for $10.000 if this happen. I'm talking about newbies, of course.

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June 28, 2022, 06:31:12 PM
 #22

It's quite possible they may miss out and will need to take lessons learned, and buy in during the next cycle but the kicker is that this will cost more next time than right now.  Ex, when Bitcoin hit 20k and then dropped to 7k.  Those that missed, if they decided to get when Bitcoin recently touched 18k, would still be looking at a little over 2.5x the cost of entry vs 7k.
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June 28, 2022, 07:09:39 PM
 #23

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.
Tending to look around on whats happening then we cant really see any positive sentiments or news that could really be considered as a positive catalyst on bringing up the price up or making some change in terms of

trend and as we can see that the price isnt really that moving much.It might able to make up some positive pullbacks but it cant hold that strong if we do base up on technicals but we know that it wont really be that
precise on relying with those indicators or analysis yet anything could really happen along the way.You cant really determine if this is already the bottom and this is what makes it hard on dealing on the market.
Its up to your own call whether you would really be going to take some risk on positioning yourself with the current market condition or would wait up even more?

R


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June 28, 2022, 08:49:55 PM
 #24

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.

Actually those still waiting will never buy. They still need some sort of miracle to convince them. Some wait for lower prices and when the prices start rising they cry that they've missed the train and now is too expensive (no matter when that now is), some others are disappointed and sell now at a loss, claiming Bitcoin to be Ponzi and so on, and near the next ATH they may FOMO buy again.

As said, human psychology is very strange / counterintuitive. And also as said, whoever wants to buy, DCA is the easiest and best way to do it.
Best time to Bitcoin is now because you never can tell it's chart pattern either it's going be a bullish movement or a bearish one. The best alternative to take on the coin is to buy it below the range of $20k, after all Bitcoin will still shoots to the moon. It's Al about patience and know the right time to go into the position. But the market presently is unstable, I feel like we still have one more dip coming in which will make a lot of things to crash and Bitcoin will be among it.
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June 28, 2022, 10:12:45 PM
 #25

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.
Well, just about to happen that Bitcoin moves back low again after reaching a high of almost $22k. Kinda be seeing it dropping again but for me, I suppose not to wait for the bottom as we never know when. If ever we miss the chance in the last time on its first hit, we've better take this now rather than waiting for the bottom price. We actually don't know what is the incoming nor we ca be negative just because of the dumping trend as who knows if the pump will ever come next? We have to play the market trick - take the risk.
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June 28, 2022, 10:20:52 PM
 #26

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.
That's what I have been saying. This could be the last range.  But I assure you that people waiting for $10k are not real bitcoiners. If it eventually gets to $10k they will wait for it to get to $5k and eventually wait for $1k. They are not serious to buy. The real bitcoin believers as buying as much as they can, while some are buying straight away, some are using DCA system to buy. But the worse would be if you don't buy at all at this stage, even if a fraction.

R


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June 28, 2022, 11:27:27 PM
 #27

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.
If we are seeing from how the bearish market cycle is ongoing, this should not be the end of the bear market, based on cycle and alsoindicatr. However, everything may happen suddenly and unpredictably.
That is why I personally prefer to do DCA or buy Bitcoin by average at certain rate drops. So, we have add or collect some amounts of cryptos. In this case, although we don't know whether this is the exact bottom or not, never do all in for investment, because as wesay, we don't know yet this is the end or not yet.

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June 28, 2022, 11:58:14 PM
 #28

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.
That's exactly the fact in the crypto world, everything is unpredictable and no one really knows what's will gonna happen.
We really don't know the bottom price in the market, but I'm sure we're in a massive correction, and anytime Bitcoin price will plunge and give everyone a good profit those patiently waiting.

That is why I personally prefer to do DCA or buy Bitcoin by average at certain rate drops.
I tend to agree with this and this is what I usually advise people when someone wanted to invest in Bitcoin but didn't know where's the bottom price.
Purchase Bitcoin in a DCA (Dollar-Cost Averaging) way, this is a very safe way of purchasing Bitcoin while waiting to resist.

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judaspriest
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June 29, 2022, 02:10:42 AM
 #29

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.
That's what I have been saying. This could be the last range.  But I assure you that people waiting for $10k are not real bitcoiners. If it eventually gets to $10k they will wait for it to get to $5k and eventually wait for $1k. They are not serious to buy. The real bitcoin believers as buying as much as they can, while some are buying straight away, some are using DCA system to buy. But the worse would be if you don't buy at all at this stage, even if a fraction.
Yes in the end regret not being able to buy when the opportunity exists,
so it's better to take advantage of the opportunity to buy and don't wait for the price to drop,
or buy it gradually seems to be the right solution

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June 29, 2022, 02:20:29 AM
 #30

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.
That's exactly the fact in the crypto world, everything is unpredictable and no one really knows what's will gonna happen.
We really don't know the bottom price in the market, but I'm sure we're in a massive correction, and anytime Bitcoin price will plunge and give everyone a good profit those patiently waiting. 
No one knows indeed, no matter how expert you are in making your research and reading the candles and all, crypto world could make them upside down in a sec. It's hard to predict whether is it already the bottom or there will be more. This time of day, bear market could be over at any moment, you leave the market for a sec and then, there, it's correction time or maybe the other way around.
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June 29, 2022, 02:38:11 AM
 #31

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.

That's why DCA is the best strategy for now I think, since we don't know the bottom price it's better to do DCA little by little. I'm doing that with a little capital left from my exchange wallet since I don't have a lot of capital so I should have a target price before going in. Don't always think that our prediction is right but think that if we invest in this kind of thing we should ready to lose our money.

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June 29, 2022, 06:34:28 AM
 #32

The price of Bitcoin and most of the Altcoins today is red, maybe this is a good opportunity to buy, I have put a price of $ 19500 to buy and $ 1050 to buy ETH, when the market is red then buying is certainly better than selling, A good opportunity for big profit in a short time, after the price is filled, immediately set the selling price again.


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Pandu Geddon
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June 29, 2022, 06:40:26 AM
 #33

The price of Bitcoin and most of the Altcoins today is red, maybe this is a good opportunity to buy, I have put a price of $ 19500 to buy and $ 1050 to buy ETH, when the market is red then buying is certainly better than selling, A good opportunity for big profit in a short time, after the price is filled, immediately set the selling price again.
if you want to sell it right away in no time, I believe you are too hasty with your trade. the price of BTC does seem to have decreased, it is very suitable to enter but sell it in a short time, I don't think it will bring you big profits.
if you want big profits from the Bitcoin or Eth you buy, you can be patient with it. history has told us how the market always works for those who are patient. if you sell it short, I think you will only make a small profit.

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June 29, 2022, 08:13:05 AM
 #34

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.
Well, just about to happen that Bitcoin moves back low again after reaching a high of almost $22k. Kinda be seeing it dropping again but for me, I suppose not to wait for the bottom as we never know when. If ever we miss the chance in the last time on its first hit, we've better take this now rather than waiting for the bottom price. We actually don't know what is the incoming nor we ca be negative just because of the dumping trend as who knows if the pump will ever come next? We have to play the market trick - take the risk.

Buying dips is more like a day trade. Dollar-cost average is the key.
Today's panic sellers will be tomorrow's panic buyers And those who sell now will buy back at a higher price later

Bitcoin is a widely maligned digital currency but is finally starting to take off Smiley

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June 29, 2022, 08:46:34 AM
 #35

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.

That's why DCA is the best strategy for now I think, since we don't know the bottom price it's better to do DCA little by little. I'm doing that with a little capital left from my exchange wallet since I don't have a lot of capital so I should have a target price before going in. Don't always think that our prediction is right but think that if we invest in this kind of thing we should ready to lose our money.
Agree with you, like for example for others to understand especially newbies if you have 1000 usd allocated to buy crypto in this bear market best strategy is buy every week using only small portion of it like $50 to $100 or lower depends on your money, don't ever use all your money to buy at once you might end up buying at the top, Always do this  dca strategy since we dont know the exact bottom yet for now as no indicators can correctly predict the bottom. 

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June 29, 2022, 09:24:47 AM
 #36

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.

Have seen lot's of people saying the same thing, but in Cryptocurrency body knows what will happen next, I personally think bear market is not over yet but with the little extral fund am having am currently buying bitcoin, just that I divided my money into 3 part then the more bitcoin dump I keep on buying because anything can happen, if we are currently at the bottom and the next step will be bull run, I won't still be left behind. So my advice is to divide your money and start buying in part.

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screwdriver_2001
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June 29, 2022, 09:49:15 AM
 #37

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.


People always wait to buy lower.
But where is the bottom? Nobody knows that.

I have re-bought some Bitcoin now. Maybe the bad idea...

But after 2017-2018, I don't want to get the same mistake and wait too long.
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June 29, 2022, 10:20:19 AM
 #38

I mentioned this before, the best strategy at the moment is “DCA” when you are not sure that this is the bottom, the best solution is to buy from several price levels and thus get a good average price, long-term investors do not really care if this is the bottom or No, they simply buy more with each fall and then wait for a new top to occur, those who are now hesitant to buy bitcoin at the current price will remain anxious on every drop and say this may not be the bottom. In the end, they miss all the good opportunities and start crying.
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June 29, 2022, 12:44:54 PM
 #39

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.
Almost everyone will invest if the market is dumping. Everyone wants to buy with less.Currently the market is much lower down maybe there may be more market dumping But there is no profit in sitting in the hope that those who want to invest should invest in the current market.It is very difficult to say when the market moves to any position but when the market moves to any position.If the market goes well then you just have to regret it.So if you want to invest without delay, you can invest in the instant market.
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June 29, 2022, 02:24:48 PM
 #40

It is impossible to know if it will go down further, and how far. I think the prices are attractive enough to invest. The advice is that you do not invest all your capital, reserve an amount, between 50% and 75% in case lower prices are seen
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