waiting to buy lower?

[lienfaye]

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

Well, we cant really say if the current price is the bottom. Thats why its important to have plan or set price on when to buy. In my case, as long as I can afford the price then I'll buy, it doesnt mean if its not the bottom, what matter is I bought it during bear season. The price will climb up in time thus we need to be patient so take advantage this season and fill your bags.

[Wakate]

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.

You need to tell us what is going to happen next because is like I'm becoming curious. If the market want to go down then let it be, that is how the price of Bitcoin had been doing since it existence. Price always go up and down that had been the sequence.
 I have been hearing about the price of Bitcoin going down and I'm not surprised. I hope the price of Bitcoin will take a step up and continuing it bull path. Is like their had been a lot of bad influencers that had been taking it upon themselves to make sure that the price of Bitcoin falls more so that they can buy at the lower price. I shouldn't be surprised!

[sensimilia]

I do not yet believe the bear market is over though but it can be over at any time, even before the next massive bull time would still be some slight bull and bear markets. You can have investment plan, example is to divide your investment capital into 4, invest one after the other as the price continue to decrease.

If we all wait patiently, we will be able to buy different coins at very low prices. This will greatly increase our chances of benefiting. Although the crypto market can change at any time, I believe we will see the lowest price of Bitcoin in a few days, the lowest price we have been waiting for.

[justdimin]

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.

The people are already investing a good chunk of money right now, wholesale style. I mean not "everyone" of course, there are a lot of people who do not get in, and even people who just stay out as much as they possibly can. But at the same time, we are talking about a situation where it is not going to be that critical of us to realize that people with a lot of money do get in, and they are the ones to follow.

If a rich person with tens of millions of dollars get in, and a poor person who lose a few thousand dollars to crypto winter gets out, then who should you follow up right now in this market? I personally would prefer to do what the wealthy are doing.

[The Cryptovator]

Have you seen the current market right now? If people still think this isn't the bottom of Bitcoin then likely they can't accumulate ever. I know the price would dump more but who knows what is going to happen exactly? Do we believe we can accumulate at the exact bottom where one can predict where will be the bottom? We should have our own bottom target which is the accumulated zone for us because we can't accumulate the exact bottom always. Only a lucky person could do it.

[carlfebz2]

Have you seen the current market right now? If people still think this isn't the bottom of Bitcoin then likely they can't accumulate ever. I know the price would dump more but who knows what is going to happen exactly? Do we believe we can accumulate at the exact bottom where one can predict where will be the bottom? We should have our own bottom target which is the accumulated zone for us because we can't accumulate the exact bottom always. Only a lucky person could do it.

There are even people whom do believe that 21k is already the sign for market recovery and we've seen on the situation on what we are facing today which does really prove out on how unpredictable the market is.

We cant really totally able to tell or know on whats the bottom on which no one had anticipate that it could really pullback this time and might possible able to break that support we do have recently.

For those who hadnt been able to buy and now seeing the price is dropping then for sure that made out some boost up and they did the right call but the question is, until when they would tend to wait?
Price could really be the last dip as of this moment and we wont be seeing these numbers again when the market tends to recover or make up some u-turn.So risk taking or management will
always be depending on someone.

[barbara44]

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.

This is what I believe, people who are waiting even today will not end up buying and they will keep on waiting more and more. Many of them may even end up buying when the price goes up as well, which would be funny but it will happen for sure. Think about it, the price is 20k, and if they wait more for 15k, they may end up buying at 30k not to miss out on the profit making. If they just took the current situation seriously and bought it at 20k then they would have made a lot more profit.

All those people who will wait, will regret it later on. What would happen if they buy now? They will profit less, what would happen if they do not buy now? They would be too late and not profit for longer period.

[Rockstarguy]

No one can tell when is bottom,  maybe this can be the bottom,  or if there should be a bottom it won't be much difference with current price.  All I just know the price at which the market is now is a good price to buy that anyone can afford it. Cryptocurrency is unpredictable,   this maybe the bottom, Waiting for the bottom may eventually turns up to a bull market,  which we had opportunities to buy at the bottom.  Sometimes in cryptocurrency the more you expect the less you see.  Buy at every good opportunity when the market price is good and affordable.

[justdimin]

The size of the lower is certainly safer if in coins that have large marketcaps like Ethereum, BNB and so on, but if altcoins, especially those who have a marketcap are still under $ 1 billion, it is very difficult to determine lower price, this is the importance of following the advice of experts or influencers because they are more experienced.

for inexperienced traders, of course, influencers might be a good reference that is quite helpful. but we can't just believe it, because after all they too must have been wrong in making predictions.

Bitcoin is now on the decline, after a few days of holding on to $20k. the initial stage of the decline has just begun again. this can go up to $18k. Don't be in a hurry to enter although in a few days we will see another bounce in the market.

I mean veterans do make mistakes, but they do not make mistakes as much as a newbie, hence why they end up with a profit more often than not. This is something we should be focusing a bit more towards and that would be a lot better for everyone involved, if you just gain experience. Just because veterans make losses, do not be hopeless about your future, of course it is not going to be 100% right trades, but you are going to be mostly profitable aside from few bear periods like this.

But, if you gain experience and learn the tricks, then I think the best case would be the bull period where people end up making profits beyond wildest dreams.

[Mr.right85]

I mean veterans do make mistakes, but they do not make mistakes as much as a newbie, hence why they end up with a profit more often than not.

There is hardly a veteran when it comes to analysing the cryptocurrency market. I mean, you could try but your hardly going to get even 50% of accuracy.  Well the idea for me has always been, you have that point when you could say enough and just take what you've got and leave at that point. Other than that, your likely to make more loses than you would have wished to.

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.

Often, people who do this don't seem to have a predetermined low in there mind, born out of analysis. They are always the least see how far it would get. Fortunately for them, the trend is set to hit a low and unfortunately for these set of persons they would never. Only when the market starts to ascend would they realise that was the point they should have taken advantage of and then, they start hoping for a reversal. Instead of finding an entry as the market goes and dive in.

[cheezcarls]

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.

I’m having a DCA (dollar-cost averaging) mindset right now where I don’t care about the price even if I am at a loss.

May 2022 - Bought BTC at a price of $30k+
June 2022 - Bought BTC at a price of $21k+

Yes I am at a loss but I don’t mind. It’s something that I can afford anyway with my extra “not beer” money and not through by means of loaning big amounts in a bank or so.

I agree that we may not know what will happen next because the cryptocurrency market is very unpredictable and has high volatility.

[Bhig Daddy]

Well you just have to have a buying plan, you can't keep waiting for it to drop a bit deeper. Who will even believe it will drop to the level it is now. So in situations like this just buy when it drops within your budget and don't wait for it to drop deeper, because the wait might not worth it.

[arwin100]

Well its good to buy at more lower price but actually in reality its hard for this to get predicted because we know how hard to speculate about what will be the deepest price to reach. But we can listen to the sentiments then see the price movement since if we see the green line starting to build up then maybe this is the time we are starting to accumulate. So really hard to buy when the dump is ongoing because its like we are catching a falling knife and we might get hurt if we keep accumulating while the price keep falling.

[ChrisPop]

I mean veterans do make mistakes, but they do not make mistakes as much as a newbie, hence why they end up with a profit more often than not. This is something we should be focusing a bit more towards and that would be a lot better for everyone involved, if you just gain experience. Just because veterans make losses, do not be hopeless about your future, of course it is not going to be 100% right trades, but you are going to be mostly profitable aside from few bear periods like this.

But, if you gain experience and learn the tricks, then I think the best case would be the bull period where people end up making profits beyond wildest dreams.

I do not recommend making your decisions based on anyone else's opinions/advice unless you want to gamble. I wouldn't trust even certified financial consultants to handle my money. I would accept advice and information/education, but that will get filtered in my brain.

--> Why?: Because when you're outsourcing your finances management to someone else and they lose your money you won't learn from mistakes. You will just have somoene to blame, but that does not bring you any benefit. Your ego will not get hurt though as you haven't made a mistake. But you might beat yoiurself for handling your money to whomever was the person who managed your portfolio/investments.

Just due some due diligence --> it really does not take that much time to absorb a decent level of information about the market you're trading and come up with your 'edgeucated' decisions.

[GiftedMAN]

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.

This is why you should not use all your life savings to buy. So many people are buying more as the price keeps getting lower because they believe that since the crypto market is not predictable there could be a turnaround tomorrow in the market and they will smile.

I don't think the price of bitcoin will ever get to the bottom but if it does, then the next thing to do is to buy more because I believe the profit will be more if the bear market is over and taking a calculated risk in buying now will be a better option.

[Silberman]

Well its good to buy at more lower price but actually in reality its hard for this to get predicted because we know how hard to speculate about what will be the deepest price to reach. But we can listen to the sentiments then see the price movement since if we see the green line starting to build up then maybe this is the time we are starting to accumulate. So really hard to buy when the dump is ongoing because its like we are catching a falling knife and we might get hurt if we keep accumulating while the price keep falling.

It is difficult without a doubt, people like to buy during bull markets because when they do so they expect the bull market top continue and if it does then they are almost immediately in profits and they can hold their coins way more easily, however buying during a bear market is more difficult because there is always the chance the price goes down after you buy and this makes holding way harder so people prefer to not do it even if that is the moment when the best opportunities to get some cheap assets are found.

[m2017]

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.

I’m having a DCA (dollar-cost averaging) mindset right now where I don’t care about the price even if I am at a loss.

May 2022 - Bought BTC at a price of $30k+
June 2022 - Bought BTC at a price of $21k+

Yes I am at a loss but I don’t mind. It’s something that I can afford anyway with my extra “not beer” money and not through by means of loaning big amounts in a bank or so.

I agree that we may not know what will happen next because the cryptocurrency market is very unpredictable and has high volatility.

It would be better if you forget about the purchase price for a while for your own peace of mind. Against the background of the current price of $21k+, $30k+ seems to be an unnecessarily expensive purchase, but in the long run it will surely turn out to be one of the best prices.

Also, a new line may soon be added to your list:
July 2022 - Bought BTC at a price of $17k+

Waiting for the lowest price for bitcoin may be delayed and this moment can be missed. The option with a periodic purchase to average out also seems to me the most acceptable solution. The way is a little and slowly, but still, to accumulate bitcoin at the current rate than to try to catch the moment of buying at the cheapest price.

[Zilon]

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 this happens to be Bitcoin bottom then a new bull trend will prove the fact. I rather wait to get a signal the trend has changed than get stuck in the middle of a continuous bear market. No one can accurately tell what trend is likely to form after this range market but what ever comes the candle sticks will give a better picture. Fake breakouts will get so many confused of the next decision of the market

[suzanne5223]

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.

This is why you should not use all your life savings to buy. So many people are buying more as the price keeps getting lower because they believe that since the crypto market is not predictable there could be a turnaround tomorrow in the market and they will smile.

Waiting for the bottom price to buy lower doesn't mean investors shouldn't buy through DCA every dip the market presents, only inexperienced investors will only wait for the bottom price and never make good use of the opportunity presented by the market.

I don't think the price of bitcoin will ever get to the bottom but if it does, then the next thing to do is to buy more because I believe the profit will be more if the bear market is over and taking a calculated risk in buying now will be a better option.

The market always reaches a bottom price in a total bear market, i believe this is always triggered by the Bitcoin miners and if you notice the current you'll see that the BTC mining difficulty is different this day and a lot of miners are already in debt while some are not making a profit.

[sklopan]

Here it is more important not to miss the moment of purchase, this is extremely important. It should be understood that it is extremely difficult and important for a trader to catch this moment.