Don't sit on your hands

[VRExpress]

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

[jackg]

It's always a good idea to come up with a strategy for when you're going to buy (and potentially sell) coins rather than just continously aiming to buy a lower price (you're more likely to sell at a loss then too imo).

[Bitcoin_Arena]

Well, it depends on one's strategy. DCA is considered to be a very good strategy for those who don't have time to day-trade but do have some money to invest periodically, but not everyone can do it.

I, for one, don't do DCA, I prefer intraday or day trading and then accumulating some coins during the bear market for long term.

[libert19]

Yep, laddering down buy/sell always works, no can guess perfect bottom/top.

Usually, when CT goes crazy on dump/pump, that's time to do your significant move.

[cryptoaddictchie]

Thats right. Do nothing and dont check anything if you are not gonna take action on that. With the current price and a long time up and down, just do a timely purchase according to your budget. Its hard to foresee what price could be the bottom and when the market would rapidly increase too. Bull run just ended and we could only do is wait again for another one. While on it. Accumulate strong projects so when the time comes it would be a good and fortunate profits.

[mk4]

What a lot of "investors" that likes to get in and out of positions do wrong: being 100% out or 100% invested.

Being 100% in/out of bitcoin means you're super convinced that your decision would go well with high guarantees; whereas if you're thinking clearly with little to no bias, you shouldn't be THAT convinced to be 100% in/out.

[pooya87]

Based on what I've noticed in the past, a lot of the investors are actually waiting for the rise to start buying bitcoin not the drop. For example I can assure you even if bitcoin were to drop to $10k today they still wouldn't buy it but if bitcoin were to rise to $30k they would all start panic buying with all the money they have.

This is exactly why we see big jumps each time a major resistance is broken. You mentioned $3700 which was an example of this, when price broke $4k everyone started panic buying and shortly after price was over $10k.

[gagux123]

These days, it's essential to have some kind of strategy, as @jackg said.
But it is necessary to be cautious about the scenario we were currently experiencing, COVID-19, Monkeypox, Russia x Ukraine, not to mention the situation we are seeing between USA x China.

With all these variables that I said above, there can be a LOT of noise in the market, and at any moment everything can get worse.

[Sheaila]

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

You can buy at multiple spots in the market imo, not necessarily DCA'ing but it's something similar, especially if the market is down. Doesn't need to be at set intervals (e.g. monthly) but you can buy it at a set price say at every $5k decrements or less. Though I guess most would prefer buying at idk $30k then selling at $20k  

I myself never look at the market after I invest since I do long term and if I look at the market for just an instant, my hands might go weak and start selling. It's why I bought all I wanted when it dumped down to $20k and I'm probably just gonna wait a few years before thinking of anything related to trading it back.

[passwordnow]

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

Those that are hoping that bitcoin shall go that low missed buying to the bottom. Investing in bitcoin requires long patience, it's not just all about being patient but also wise. Because there will be times that your patience can be gone when you can't take it anymore watching the market plummet a lot. But being wise, you know where the market is heading, you have the vision of how what it's going to look like in the future and that's why you're moving forward in seeing that and won't be the one to sell in panic.

[traderethereum]

It might take a while for the bitcoin price to drop to that price and, likely, it won't drop that far.
So we also have to think about whether the situation is likely to happen or whether it will happen in the future so that we can decide when to buy.
I agree that the best strategy is to use the DCA method, where we buy at a low price to accumulate more bitcoins.
This can also help us to be able to benefit from each subsequent increase.

[examplens]

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

this is such a general and one-sided view of things.
first, why does anyone think it is not possible for bitcoin to go to the $10k level, even if only for a short time?
why is the opinion that people sit idly by and don't invest now (when someone thinks it's the bottom)? what if they have already invested and are waiting for their time, or maybe many currently do not have the funds to invest, because they are elsewhere assigned?

it's always nice to read how someone understands why it was such a value two years ago.

[tranthidung]

What a lot of "investors" that likes to get in and out of positions do wrong: being 100% out or 100% invested.

Being 100% in/out of bitcoin means you're super convinced that your decision would go well with high guarantees; whereas if you're thinking clearly with little to no bias, you shouldn't be THAT convinced to be 100% in/out.

They spend 100% of money in and after a while (usually a few months), they will have to sell to get a bit of money back for expenses. So if they have to do this in bear market, even at bottom of bear market, it means they will have to sell $10000 initial money to get $5000 or $1000 because of bear market effects.

Crypto market is volatile, more than usual and more risky than usual so let's prepare a bit of reserved money for expenses. Don't get in 100% in either bull or bear market because you won't control how your job will be in next few months as well as how the market will be in near or far future.

[Charles-Tim]

OP with nice suggestion and good strategy.

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin,

Is the volatility reducing? Yes, but I am not certain if it will continue.

2010-2012 volatility: 99x
2012-2016 volatility: 33x

Previous all-time-high before 2020 halving, was 19600
Low was 2800 or so
2016-2020 volatility: 7

Presently all-time-high is still $68900
Low is still $17500
Present volatility: 4

Maybe the present volatility can increase, but normally the volatility of bitcoin since it was created was decreasing and getting to 7 and above as it was before may not become possible again.

Even If bitcoin decreases, I do not think it can decrease below $14000 or $15000.

remember it was because of CoViD that's why BTC plummeted to 3700$

You meant 2017? Nothing called COVID-19 in 2017, but you are referring to bear market of March 2020 that got bitcoin to $3800. I do not believe COVID-19 caused that, but bitcoin price increase also during COVID-19.

[FatFork]

Based on what I've noticed in the past, a lot of the investors are actually waiting for the rise to start buying bitcoin not the drop. For example I can assure you even if bitcoin were to drop to $10k today they still wouldn't buy it but if bitcoin were to rise to $30k they would all start panic buying with all the money they have.

This is exactly why we see big jumps each time a major resistance is broken. You mentioned $3700 which was an example of this, when price broke $4k everyone started panic buying and shortly after price was over $10k.

It is the fear of missing out, or FOMO as we call it and those investors are waiting for the rise that will cause them to buy and send prices even higher than people expect. I also think that some new investors will start to buy when they see the prices rising. But, for those that are new to the investing game, they typically don't know about how these types of things work and are simply reacting to others' buying and selling behavior. The reason for this is usually that newbie investors are feeling anxious because others are making money from an investment's price movement while they are not. Therefore, they want to jump on the bandwagon and realize a profit.

[Mpamaegbu]

Based on what I've noticed in the past, a lot of the investors are actually waiting for the rise to start buying bitcoin not the drop. For example I can assure you even if bitcoin were to drop to $10k today they still wouldn't buy it but if bitcoin were to rise to $30k they would all start panic buying with all the money they have.

Why is that so? Sadly, it's true. I've noticed it too. That's a bad strategy according to what I learnt in my formative year going into trading. It's called chasing price. My question is why do investors do that? Is it because they don't have faith in what they're buying or what? This attitude cuts across all cryptos. It's not only a Bitcoin thing. For instant example, there were several altcoins that looked promising last year and prices were very high and many investors wished they had bought in while they were very cheap or that price could dip. Today, most of those altcoins have crashed beyond recognition but people still aren't rushing to buy them. They're waiting for a rally to kick in and then they go chasing it. For me, that isn't my method. I like to get in before the rush.

[Z-tight]

Based on what I've noticed in the past, a lot of the investors are actually waiting for the rise to start buying bitcoin not the drop. For example I can assure you even if bitcoin were to drop to $10k today they still wouldn't buy it but if bitcoin were to rise to $30k they would all start panic buying with all the money they have.

My question is why do investors do that? Is it because they don't have faith in what they're buying or what? This attitude cuts across all cryptos. It's not only a Bitcoin thing. For instant example, there were several altcoins that looked promising last year and prices were very high and many investors wished they had bought in while they were very cheap or that price could dip. Today, most of those altcoins have crashed beyond recognition but people still aren't rushing to buy them. They're waiting for a rally to kick in and then they go chasing it. For me, that isn't my method. I like to get in before the rush.

It is just the fear of missing out, i have friends that are like this too, they want returns on their investment, but they try to invest only when bitcoin starts to rise. It is not only the fear of missing out that is their problem, the inability to learn or understand what they are investing in also affects them, if they can take out some of their time to research, they will know the correct strategy that is best for them and they'll also understand that there is more possible returns if they invest in bitcoin for longer periods, rather than periodical fomo'ed buying and fud selling.

It goes without saying that with altcoins it is a totally different game there, that may be the best way to invest in altcoins, they are not like bitcoin, many of them that have crashed are not going to rally again, so why should people buy them, altcoin buyers need to be extra careful before buying, for bitcoin buyers you know a plunge is a short-lived thing.

[GeorgeJohn]

Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.

Actually investors like to invest in cryptocurrency especially bitcoin when it arrive to the state of cryptocurrencies degradation or bearish market. I believe that cryptocurrency downfall is when real investors do want to invest into cryptocurrency.so through your suggestion, i don't think Bitcoin price can fall to the extent of getting to ten thousand dollars (10k). Anyone who waiting when such will happen is not ready to buy cryptocurrency or as well invest into cryptocurrency.

[sheenshane]

It's sad what I have noticed to all new investors in Bitcoin because when the price drops, they will not invest or no one will invest.  But when the price started to grow up and if they notice that the bull run will come, there's a lot of talking to it and start to invest.  That's why when Bitcoin dropped the price, it's always been a struggle to spike back because of this behavior that I've noticed.

For those wise investors who invest through DCA way upon buying Bitcoin, it seems this idea is playing safe and it could be the best way if you invest for the purpose of holding it in the long term.

[Tellek Garing]

It's always a good idea to come up with a strategy for when you're going to buy (and potentially sell) coins rather than just continously aiming to buy a lower price (you're more likely to sell at a loss then too imo).

Few people buy bitcoin at the bottom and most of them either buy randomly or buy without having specific strategies. The market will never tell you were the bottom or top is accurately and it only shows you area of conference and at that waiting to buy at the lowest of the lowest will always cost you to lose investment opportunities.