Now is the time to just wait for the price of Bitcoin to come down.

[Leviathan.007]

I can say I'm party agree with you because the bottom of the price is not clear yet and there is no sign to say the bearish market is going to be over. all we can do during this time is to just watch the chart and wait for a significant signal of change in the market from bearish which is not going to happen soon. because of many factors and the index of fear and greed says that there is too much fear in the market and since we are facing this situation we must just wait for the price to find the button and be ready for another wave of bullish price movement.

[lionheart78]

If we want to have the lowest possible DCA, we can invest during the Bitcoin market's lower lows.  This way we can say we bought at every  Bitcoin's Dip.  We don't need to wait for Bitcoin to hit the bottom which is highly unlikely for us to predict.

For me this is very difficult, you cannot guarantee when the dump will continue. There are also a lot of people telling that when Bitcoin started to dump below $20,000, it will again visit the $13,000 level or worst the $10,000 level.

That is why the majority of the reply here is to DCA.  We don't need to guess for the bottom, it is an automatic buy if the price of Bitcoin hits lower than the previous lowest price.

[KennyR]

I can say I'm party agree with you because the bottom of the price is not clear yet and there is no sign to say the bearish market is going to be over. all we can do during this time is to just watch the chart and wait for a significant signal of change in the market from bearish which is not going to happen soon. because of many factors and the index of fear and greed says that there is too much fear in the market and since we are facing this situation we must just wait for the price to find the bottom and be ready for another wave of bullish price movement.

Bitcoin doesn't have bottom price, lets say the price dropped to $15k. Who can confirm it as the bottom price. The next day it can fall even further, so it is all about a target to be set and wait for the opportunity. This target can be any price that one thinks to be the bottom price. It is good to buy set a target buy order on that price, apart from that it is good to buy on Dollar Cost Average. Because, even if the price didn't reach the target price it could get you bitcoin at the best price.

[sbrys]

I can say I'm party agree with you because the bottom of the price is not clear yet and there is no sign to say the bearish market is going to be over. all we can do during this time is to just watch the chart and wait for a significant signal of change in the market from bearish which is not going to happen soon. because of many factors and the index of fear and greed says that there is too much fear in the market and since we are facing this situation we must just wait for the price to find the bottom and be ready for another wave of bullish price movement.

Bitcoin doesn't have bottom price, lets say the price dropped to $15k. Who can confirm it as the bottom price. The next day it can fall even further, so it is all about a target to be set and wait for the opportunity. This target can be any price that one thinks to be the bottom price. It is good to buy set a target buy order on that price, apart from that it is good to buy on Dollar Cost Average. Because, even if the price didn't reach the target price it could get you bitcoin at the best price.

The 'after the fact warriors' will point out this bear markets bottom very clearly next year or so

Combined with indicating how stupid we all are

[slackovic]

My plan is to watch the price of the Bitcoin and do absolutely nothing for the next two years. I don't trade, I'm a holder. That's why I cashed out around 80% of my portfolio when the price started going down. Now I will wait for the next BTC halving. It's not a guarantee but in the past the BTC halving was a catalyst that started the bull run. Who knows, maybe this time it will be different. The time will tell.

[ChiBitCTy]

The cryptocurrency market has been collapsing since December 2020. In the meantime, one unfortunate incident after another has hit the market. The frustration is even more evident in the way various unfortunate events are happening around the world. The war in Ukraine, for example, has led to inflation in many countries. It is difficult to say when the market will see the light of day after overcoming these problems. For those who want to invest in cryptocurrency, or have already invested and want to avoid losses, there are several things to keep in mind, as different people have different opinions about where the crypto market may turn in the future. Many are hopeful that the market will turn around by the end of this year. If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.

This is simply not good advice. You don’t know any more than the next guy where bitcoin prices are headed. If you did you wouldn’t even be discussing this with us.  You’d be so filthy rich and on some island somewhere enjoying your vast wealth. As some others have pointed out the most effective way of “investing” in to bitcoin is probably going to be DCA/ Dollar Cost Averaging, as we don’t truly know where things are headed.

[CryptoHeadlineNews]

If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.

Am definitely not surprised to see this very statement, because this has always been the biggest challenge in crypto adoption i.e "When is the right time to buy Bitcoin".  It has been one of the highest search keywords on Google and till today people keep asking the same question day by day. But if am to be asked, I will say there is no right time to buy Bitcoin, Everytime is the right time as long as you plan on keeping it for a long time investment, because just as the price is down now, who knows tomorrow, the price might actually goes up just like it came down. So that's how the whole stuff works. Because even if the price of Bitcoin falls more than this, there are people who will still want the price to go down again before they could buy, so the unsatisfied needs keep on going on and on..

[Bitstar_coin]

The cryptocurrency market has been collapsing since December 2020. In the meantime, one unfortunate incident after another has hit the market. The frustration is even more evident in the way various unfortunate events are happening around the world. The war in Ukraine, for example, has led to inflation in many countries. It is difficult to say when the market will see the light of day after overcoming these problems. For those who want to invest in cryptocurrency, or have already invested and want to avoid losses, there are several things to keep in mind, as different people have different opinions about where the crypto market may turn in the future. Many are hopeful that the market will turn around by the end of this year. If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.

First of all, I think some countries already experiencing inflation way before the Russian - Ukraine war started. This war just add to fuel to the already burning fire.
The problem here is many people just want to hear a date when the market will recover, unfortunately that will not happen, reason why many people will not be able to take advantage of the bear market.
Nobody knows when the market will reverse so instead of the right time it will be better to take advantage while you can.

[Dunamisx]

If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.

Am definitely not surprised to see this very statement, because this has always been the biggest challenge in crypto adoption i.e "When is the right time to buy Bitcoin". 

What else could one anticipated for than having an opportunity like this for an investment, the price is low and the market is good enough for any new investor to set in, by now it shouldn't be a contemplation on when to invest again but rather kw to source fund for an investment because it's appropriate now to invest on bitcoin, I don't think waiting any longer for bitcoin to come down the more is advisable because that's not feasible, what we are all expecting now is the rising which can take off any moment from now.

[ChrisPop]

Nobody knows when the market will reverse so instead of the right time it will be better to take advantage while you can.

Yes, but first people should make contingency plans for the worse scenarios. You don't want to end up in the street because you DCA'ed in a bear market although you might have some beautiful gains in the future. I would even make an analogy with the martingale strategy from gambling. By DCA'ing you basically lower the breakeven price of your investments. In martingale you double the bet to recoup the already realized loss while in DCA'ing you don't really double it (but maybe you do). My point is that you need to be careful not to go bankrupt during times of accumulation.

[Sterbens]

Nobody knows when the market will reverse so instead of the right time it will be better to take advantage while you can.

Yes, but first people should make contingency plans for the worse scenarios. You don't want to end up in the street because you DCA'ed in a bear market although you might have some beautiful gains in the future. I would even make an analogy with the martingale strategy from gambling. By DCA'ing you basically lower the breakeven price of your investments. In martingale you double the bet to recoup the already realized loss while in DCA'ing you don't really double it (but maybe you do). My point is that you need to be careful not to go bankrupt during times of accumulation.

DCA may be effective for people who earn a steady income and can easily adjust their allocation each month to drop money in Bitcoin without having to look at the bottom because this profit is said to be a form of continuous type of profit-taking. However, DCA cannot be effective for people who actually do not have a fixed income every month, so to participate or take part in investing their money anytime and anywhere when he gets a decrease in the price of Bitcoin he will do it for the long term.

[Rigon]

Many people used to count the days waiting to buy bitcoin. Maybe everyone's waiting days are over, now it's time to buy bitcoin.Coins When $69k Many people believed that Bitcoin would never go below $50k.When Bitcoin moved to 40k, many believed that Bitcoin would invest $30k.When spending $30k to 20k dollars, people are waiting for more reductions.But I would say you can invest in this market after your waiting time is over and it is better not to wait for more reduction.

[Reid]

Yes, I agree, given that the market is unpredictable there is no way someone knows where this will go.
The economy is down and not just for one country but for most because of the sanction that happened in Russia which is the mass producer of oil that is largely need for almost everything.
For the Bitcoin price, IMO, this is a good deal. $20k each. It had gone far from $60k and we could see the huge difference.
Another option is to monitor the economy of each country to see if there's a good change. But that's a lot of work.

[Fernando Gomez]

Patience and optimism are great virtues here. The Bitcoin crash is not something new, this has happened earlier too. Have patience and just HODL.

[NotATether]

You already missed the trough of this dip. It's not going to get any lower than $19K in this short-cycle (the long-cycle is a completely different matter).

Seeing the price climb steadily up, if there is any good news in the market I expect a correction to $23K else I bet it will just hover around the $20K mark.

[Poker Player]

More than waiting for the price to go down further or not, what is clear is that it is a good time to buy. The price could go lower, yes, but I highly doubt it will go much lower and stay at levels below $20k, barring catastrophic news. I think the price behavior lately shows that the level around $20k is strong support.

[n0ne]

More than waiting for the price to go down further or not, what is clear is that it is a good time to buy. The price could go lower, yes, but I highly doubt it will go much lower and stay at levels below $20k, barring catastrophic news. I think the price behavior lately shows that the level around $20k is strong support.

$20k looks to be a strong support. Earlier the support was around $28k to $30k. For a long the price moved within the range and all if the sudden dropped down reaching the price around $20k. From that point it reached close to $17k, and the recovery happened in a much faster way. So, it looks like the price won't fall that down from $20k. Anyhow when it comes to investment it is their choice to maintain patience and look for the lower price or miss opportunity.

[Minecache]

We have the DCA strategy available, why don't we use it? There is no need to wait any further for the market when we know that the market is unpredictable and we don't know what will happen next. We've been in a bear market for a while and bitcoin is down 70% from ATH too, if you keep waiting for the bottom you'll probably miss the train and it won't come back for you. If you don't have faith in bitcoin then best leave the market and if you believe in it buy and dca when it drops more.

[Questat]

We have the DCA strategy available, why don't we use it? There is no need to wait any further for the market when we know that the market is unpredictable and we don't know what will happen next. We've been in a bear market for a while and bitcoin is down 70% from ATH too, if you keep waiting for the bottom you'll probably miss the train and it won't come back for you. If you don't have faith in bitcoin then best leave the market and if you believe in it buy and dca when it drops more.

That I guess they are not familiar with the DCA strategy and just thought about buying 1BTC.
Well, anyways smart investors will never let the bear season ends without filling their bags, it is supposed we have to adopt this kind of mindset and we all reach our goal and become rich someday. But sadly, it was not - many people still living with doubts and even predicting Bitcoin go deeper.
Actually, it was a waste of time waiting for that.

[coolcoinz]

If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.

I don't agree with this because you can't be sure where the low will be. That's why many people invest in the bear market on the way down.
In 2019 people were saying exactly the same thing that you're saying now, that we should not buy and just sit idly by, wait and see and then they all got wasted because at 4k they weren't buying because traders were telling them to wait for 1k. Then the price went up from 4 to 8k so they all thought it to be a bullish reversal and started buying, but it came down and you could see that huge crash when it went below 8k again. Price went from 8 to 4k in 2 days as all those 8k+ buyers sold at a loss.

None of this would have happened if they decided to DCA not wait for a lower/higher price confirmation because you can't be sure if it is a confirmation until the opportunity window had closed.