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Tony116
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August 06, 2022, 03:17:04 AM
 #61

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,
The thing about "buy dip and sell high" doesn't mean you have to wait until it dumped to <=10k for example, that's not how it works. It would take a year or even never had a chance to reach that kind of price if the behavior Bitcoin is to remain strong and stronger every single day. That's why we have something called indicators and analysis to help you determine what price is "low enough" to be invested at.

It is a bad idea as we all know that bitcoin price is unpredictable, as everyone is waiting for it to drop to 10k, the market is likely to go in the opposite direction. We already have a great DCA'ing strategy, why don't we use it?

People who say they will wait for bitcoin to reach 10k$ they will buy then I think when bitcoin hits 10k they will not buy and they will say that it is too risky to buy. They are people who don't believe in bitcoin.

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August 06, 2022, 07:36:43 AM
 #62

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,
The thing about "buy dip and sell high" doesn't mean you have to wait until it dumped to <=10k for example, that's not how it works. It would take a year or even never had a chance to reach that kind of price if the behavior Bitcoin is to remain strong and stronger every single day. That's why we have something called indicators and analysis to help you determine what price is "low enough" to be invested at.

It is a bad idea as we all know that bitcoin price is unpredictable, as everyone is waiting for it to drop to 10k, the market is likely to go in the opposite direction. We already have a great DCA'ing strategy, why don't we use it?

People who say they will wait for bitcoin to reach 10k$ they will buy then I think when bitcoin hits 10k they will not buy and they will say that it is too risky to buy. They are people who don't believe in bitcoin.
it's normal, my friend, when the price of Bitcoin is down, people will think they are afraid to buy it at a cheap price,
especially when the price of Bitcoin drops from ATH $65k to $10k of course people will also be more afraid to buy,
but when the price is at $70k I'm sure people will buy it and think Bitcoin will reach $100k  Grin Grin

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kapalmabur
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August 06, 2022, 10:19:04 AM
 #63

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,
The thing about "buy dip and sell high" doesn't mean you have to wait until it dumped to <=10k for example, that's not how it works. It would take a year or even never had a chance to reach that kind of price if the behavior Bitcoin is to remain strong and stronger every single day. That's why we have something called indicators and analysis to help you determine what price is "low enough" to be invested at.

It is a bad idea as we all know that bitcoin price is unpredictable, as everyone is waiting for it to drop to 10k, the market is likely to go in the opposite direction. We already have a great DCA'ing strategy, why don't we use it?

People who say they will wait for bitcoin to reach 10k$ they will buy then I think when bitcoin hits 10k they will not buy and they will say that it is too risky to buy. They are people who don't believe in bitcoin.
it's normal, my friend, when the price of Bitcoin is down, people will think they are afraid to buy it at a cheap price,
especially when the price of Bitcoin drops from ATH $65k to $10k of course people will also be more afraid to buy,
but when the price is at $70k I'm sure people will buy it and think Bitcoin will reach $100k  Grin Grin
But if people already know I think when the price of Bitcoin drops they take the opportunity to buy and that's a good decision,
I personally have never doubted Bitcoin even though so far the price of Bitcoin has not skyrocketed again,
we need to see and follow the progress

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August 06, 2022, 10:37:08 AM
 #64

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,
The thing about "buy dip and sell high" doesn't mean you have to wait until it dumped to <=10k for example, that's not how it works. It would take a year or even never had a chance to reach that kind of price if the behavior Bitcoin is to remain strong and stronger every single day. That's why we have something called indicators and analysis to help you determine what price is "low enough" to be invested at.

It is a bad idea as we all know that bitcoin price is unpredictable, as everyone is waiting for it to drop to 10k, the market is likely to go in the opposite direction. We already have a great DCA'ing strategy, why don't we use it?

People who say they will wait for bitcoin to reach 10k$ they will buy then I think when bitcoin hits 10k they will not buy and they will say that it is too risky to buy. They are people who don't believe in bitcoin.
it's normal, my friend, when the price of Bitcoin is down, people will think they are afraid to buy it at a cheap price,
especially when the price of Bitcoin drops from ATH $65k to $10k of course people will also be more afraid to buy,
but when the price is at $70k I'm sure people will buy it and think Bitcoin will reach $100k  Grin Grin

i think we will see that at 30k, no need to wait at 60k$
the price of Bitcoin is currently trading at $23k, and many people say that they will wait for it to reach 10k before buying it , but if unlucky bitcoin goes up to 30k$

it would not surprise me if they buy for $30k since they fear they'll miss out on buying bitcoin when it reaches $100k,
this is common in the market and it happens all the time, although here we have helpful advice for this

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August 06, 2022, 02:23:55 PM
 #65

Actually if they are lazy enough to research about strategy regarding about the possible price of Bitcoin when it goes down even more, they could literally just buy at whatever the price of Bitcoin right now, because we are too far from the all time high and all they would do is to wait for it to reach that peak again to gain profits.

Now, if the price dumps even more after they bought, then it's fine, because the bottom line is Bitcoin will definitely gonna make a new all time high after this bear market.
I agree with this a lot. We shouldn't really be worried about the current price, it's doing great and we should be fine with it. Prices under 30k means that you would have a 3x when the price breaks the ATH levels, and when we go higher it could still be 2x at the very least. That is just when we break ATH and we all know that it will break a lot higher than that as well.

It's not a shame to admit that not understanding bitcoin and markets, but it is a shame if you have money and get in right now and too scared to do that because price is low, you should do exactly that when it's low, buy into it. Maybe it's not easy, but it's definitely not bad in the long run.

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August 06, 2022, 02:35:48 PM
 #66

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.

Well for the upcoming halving there a chance that the bitcoin sit again in the bottom but still there's a lot of thing happen there's almost two years before the halving so there's a chance it will make a consolidation or make a mini pump before the really dump still anything can happen if you trust the bitcoin no matter what happen still it has the value of it just the price it depends on how you will see the bitcoin as long term or short term investment always plan your trades.

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August 06, 2022, 04:08:33 PM
 #67

I fully agree with not waiting for a fixed bitcoin price to start buying more coins. Having a target bitcoin price of 10,000 or 1,000 USD at which you want to buy is not realistic and will probably let you miss out on the next rally. Nobody knows what the bitcoin price will be in 3 months, if there are more bad events happening this year the price could drop further. What is more realistic is for the bitcoin price to recover. Crypto currencies tend to move in cycles like stocks, so after every bear market comes another bull market. Personally I stopped worry about buying bitcoins at the lowest possible point. My approach now is to buy every month some new coins from money that's left over at the end of the month. Like this I might not get the lowest possible price, but my average price is still decent. And once we hit a new ATH nobody cares anymore if you bought coins at 15, 20 or 25k USD.

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August 06, 2022, 06:30:27 PM
 #68

Day by day world economy becoming worst . And the cause can be the covid, Russia Ukraine war and tension is seen with China and Taiwan. So no one can say what's going on next. So I also think we should use dca strategy to stay in middle stage and for low risk.
Even  I wanna also say one thing if anyone have lazy fund they can invest in btc now I think they don't need dca strategy now because current btc is on a good dip

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August 06, 2022, 09:03:43 PM
 #69

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.

The price is still trading within the macro downtrend narrative
And I’m anticipating 10k but no exact date. Just go with the flow of the markets

Btw, Many people are afraid of crypto because of the significant volatility of Bitcoin and cryptocurrencies in general
But if everyone read the mechanics of modern money, they would rush into buying crypto.
I started in early 2017 and thought at that time I was late, but after being in this industry, I can see that We are still early.

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August 06, 2022, 09:53:41 PM
 #70

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,
Nobody knows, and you can't possibly be 100% sure about that possibility.

I was expecting a bigger drop to invest more money in bitcoin, that's hope. But what if that doesn't happen? I'm definitely happier because my investment so far has given a good return. People are starting to realize that bitcoin is not a store of value [some believe], it is an assumption that is becoming increasingly popular in society. But I always support this getting better.

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August 07, 2022, 12:44:42 AM
 #71

In covid-19,  btc price is very low like 3500$ dollar only. That was the biggest Opportunity if anyone would buy btc, he/she is now a reach person. That time I save few other coins which are very helpful now to me. Again, when the btc price was under 19k/20k dollars, I also bought few coins for the long term.
Not many people use that moment to buy bitcoins because in addition to panicking about covid-19, they have to fulfill their daily needs where everyone also needs them at the same time. They don't think about the very low price of bitcoin but think about how they can survive the pandemic. But others who are ready with everything can use the opportunity to buy as much as possible to own bitcoins and hold them until the price rises. So if you see bitcoin price bottoming out, don't waste time buying because you probably won't see it again in the long run.

It is true that the impact of the COVID-19 pandemic has had a huge impact on the economy of many people. That's why when the price of
Bitcoin has dropped so low as it is now, there are still many people who haven't taken the opportunity to buy Bitcoin. Since many people are
still trying to recover their economy, and prioritize their money to meet their daily needs before buying Bitcoin. So there is a possibility that
the bear market will last longer than we thought.

Then for people whose economy has recovered and plans to invest again, don't hesitate to buy Bitcoin at the current price and don't just let
our money be deposited in the bank, which will decrease in value due to high inflation. Because like you said we should not waste the opportunity
to collect as much Bitcoin as possible before the Bitcoin price rises. It could be surprising that Bitcoin will rise, because the movement of Bitcoin is
very volatile, so we are indeed difficult to predict the price of Bitcoin. What is certain is that if we have extra money, it is better to invest in Bitcoin,
which can prove to be profitable if we hold it in the long term.
People who don't see the potential to buy bitcoin at such a low price will still not see it because they are very busy making ends meet and not looking for other sources of income. Many are still using the old way of making money, especially now that restrictions have been released in many countries because Covid-19 cases have decreased. This makes them try to recover and find new sources of income.

But sadly, they are not aware of bitcoin in their midst. While some of them still do not believe in what is offered by bitcoin. And some others say that bitcoin is a scam. But for people who see bitcoin as the potential to help them make money in the future, they will put it to good use and start buying it now.

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August 07, 2022, 05:05:20 AM
 #72

If the market is dumping you should invest without waiting it to dip to your expected levels as this might not happen and you miss the chance of investing.If you are long term holder then you should invest but I have seen many people waiting for it to dip to like $10k as you mentioned but how you decide this bottom level? And have it gone there? So why set such limits and wasting your time if you can make profits in long run.

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August 07, 2022, 05:25:29 AM
 #73

If the market is dumping you should invest without waiting it to dip to your expected levels as this might not happen and you miss the chance of investing.If you are long term holder then you should invest but I have seen many people waiting for it to dip to like $10k as you mentioned but how you decide this bottom level? And have it gone there? So why set such limits and wasting your time if you can make profits in long run.

The idea of buying the dip is a good idea but buying on every dip as if you are obligated to enter during that time is very dangerous practice because you might catch the falling knife later on. Because if you are following that kind of logi in trading. There's a high chance that you might loss already the majority of your funds since there's a lot of dumping happened already since all time high. I saw many threads like this when Bitcoin price is sitting on on 50K, 40K, 30K and all the mid price that I mention. Many people keep buying the dip until now and still in loss compared if they just wait.

Yes those people that bought @17K is already in profit today but there's no assurance that they were still in profit in the following weeks unless they sold now.

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gabbie2010
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August 07, 2022, 07:02:18 AM
 #74

Everybody may have personal expectation about the lowest price in order to get the cheapest price. However, to avoid some regret, I do agree that it needs to use the DCA technique. So, we have at least bought Bitcoin several times at some certain dropped price or rate. That is why we can see that we still have cahnce again to see the price drop or rise up
The best bet is to continue to monitor the price during the bearish run by monitoring the price reaction once it hit a Support zone for a possible reversal in the higher timeframe, however this is subject to having experience in charting techniques. Alternatively for a newbie or an investor when the price begins to dump massively then DCA techniques should be deployed buying bit by bit, of course based on price history whenever there is a massive dump their is the tendency that price is going to recover, however the period when the dumping will end and time for the beginning of the price recovery is unpredictable.

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tbterryboy
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August 07, 2022, 09:01:39 AM
 #75

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.
Well for the upcoming halving there a chance that the bitcoin sit again in the bottom but still there's a lot of thing happen there's almost two years before the halving so there's a chance it will make a consolidation or make a mini pump before the really dump still anything can happen if you trust the bitcoin no matter what happen still it has the value of it just the price it depends on how you will see the bitcoin as long term or short term investment always plan your trades.
I think that the more we are close to halving the more the price can increase because people are excited for it so they are buying as much bitcoin as they can as they know that once halving is done the price of btc will also increase at a different level but now that we are still far from the halving, there is still a chance that the price of bitcoin can go down.

I only don't think that 10k can be achieved but the lowest prediction that I saw was 13k only. It is really a bad idea to wait for the lowest price bitcoin can get because there is no guarantee that it will happen. That is right that they better do a dca or buy something if they don't want to regret later on.

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Ararbermas
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August 07, 2022, 09:47:01 AM
 #76

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.
Being updated is a big advantage tbh. And you know a worst situation is not the right time to sit and relax, wherein for me IMO it's always a good idea to make a list to monitor some coins to invest so that when the market reverse you can make good return in the future.. And also when it comes trading practicing skills and making new strategies is a must not to relax if you're willing to make good profits on the good times of the market.. Sit and relax unless if you already satisfied on your position..  Cheesy

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GeorgeJohn
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August 07, 2022, 12:40:47 PM
 #77

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.
When see Bitcoin adoption and Bitcoin regulations, you will notice that Bitcoin don't have anything meaningful and anything potential even though you invest when it crash and resurrect again. Because the more an investor wait of cryptocurrency falling the more it's having another shape of increment. Cryptocurrency and especially bitcoin is not something you can be waiting and expecting it to decrease before purchasing for investment. Invest when you have the capital for investment so that you will not lose a positive opportunity over the bullrun of it.

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molsewid
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August 07, 2022, 05:34:33 PM
 #78

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.
Yes doing nothing is a worst thing to do, we have a fast paces technology, crypto is going down as stock market. This is probably the best time to buy some tokens that you cannot have before Yes DCA is the key, if you know how to trade then you should know what is the purpose of it now and how it is very essential to people who don't want to sell their tokens or what to collect more.

.
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_BlackStar
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August 07, 2022, 07:52:21 PM
 #79

When see Bitcoin adoption and Bitcoin regulations, you will notice that Bitcoin don't have anything meaningful and anything potential even though you invest when it crash and resurrect again. Because the more an investor wait of cryptocurrency falling the more it's having another shape of increment. Cryptocurrency and especially bitcoin is not something you can be waiting and expecting it to decrease before purchasing for investment. Invest when you have the capital for investment so that you will not lose a positive opportunity over the bullrun of it.
The bitcoin price is hard to guess, it is a real fact about the bitcoin market. Traders and investors can expect the market to be bearish, but of course they don't know for sure whether that wish will happen or not. But you must have a good plan in investing and have a reserve of funds to make entries if the price drops deeper. The strategy can also be interpreted as DCA, this can be a good plan to implement.

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teosanru
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August 07, 2022, 08:45:02 PM
 #80

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 true. Dollar cost averaging is undoubtedly the best way to hold bitcoins and accumulate a lot of them at cheap levels. People thinking that bitcoin might go to 10k may be right but will think bitcoin will go even down when it actually reaches 10k because these set of people won't actually buy all they will do is watch the market fall and expect it to fall even further and then regret in the next bull run.

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