Is anyone buying right now because they think we are at or close to the bottom?

[edward500]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

[1715583095]

1715583095

[_act_]

Bitcoin has decreased significantly. It was bull market before, then followed by a significantly bear market. What next after a significant bear market? Bull market would follow.

To achieve the result of full bull market may take time, you can also hold for long.

[agustina2]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

We have no statistics to refer to that but obviously, there are always buying at any given price. On how strong the buy is, you can check the buy orders at some trading platforms and from there, try to make a conclusion on what's going on.

If you are in that situation where you are still confused about what to do, you need to have the guts to decide to buy at the current price.

It's regrettable to see the price is climbing up again and you will be left with the concern, "if only I buy at the lower price".

[bestcoins1]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

People who buy are always there in every market condition, including in conditions like today. Because everyone has different thoughts on this matter and obviously not everyone basically has the same thoughts as what you think at the moment about buying cheaply.

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

And if you're talking about people who put their cash into Bitcoin through any exchange to buy Bitcoin with their means. I think it exists because some people who have known about how Bitcoin has moved in the past will definitely take advantage of the opportunity at this time to buy more Bitcoin before Bitcoin is at a higher price or at a price that they might find difficult to reach with their limited money.

[bittraffic]

There must be someone out there willing to risk thinking this is the bottom of the bear. The price holds for a long time in this range actually so there is a chance that this could be the bottom.

The weekly chart shows it's at the bottom. The alarming part is what is happening to parts of the world like there in Russia, US, EU, and China because anything that will suddenly happens can affect investments.

[jackg]

Strategy wise there are likely swing traders betting on a bear trap or a reversal right about now (and both are not that unlikely imo). We could see $21-22k again before going lower, if we go lower.

People who buy are always there in every market condition, including in conditions like today. Because everyone has different thoughts on this matter and obviously not everyone basically has the same thoughts as what you think at the moment about buying cheaply.

I did think it was weird how quickly a lot of orders move on crypto exchanges now, especially a few weeks ago when I was looking at them - it seems a lot faster than your standard bear market in my experience. The volume looks pretty optimistic and for the price to have been sustained here for so long like someone said, there's a decent number of buyers optimistic about bitcoin in the short term (we were at a pivotal price point a few days ago and bitcoin seems to have started going higher since - for now).

[adaseb]

After the FOMC I am pretty sure we will go lower. No idea how much but we will retest the yearly low most likely.

This is due to the fact that bond yields have risen alot in the past 2 days and the stock market looks like its about to retest the yearly low also. Since they are closely correlated so will most crypto assets.

It will be like this until the next CPI report most likely. Or maybe if the unemployment numbers are weak.

[yudi09]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

I can say that there are Bitcoin purchases as you mean. If small purchases do not fall into the category you are referring to, do Bitcoin purchases such as those made by MicroStrategy fall into the category of purchases you are referring to? because they just bought 301 Bitcoins in addition as Michael Saylor said.

MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22
@MicroStrategy
 holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.

https://twitter.com/saylor/status/1572196173334839303

[bitzizzix]

No one can be sure or predict that the decline that occurs is the lowest, it is best to buy every drop that occurs to gradually grow ownership each time there is a decline.
and maybe some people buy at once in large quantities when assessing the right price for him, and whatever the decision and plan as long as buying it at the lowest price below 50% of the highest price and for the long term I think there is no problem and also a good decision.

[Poker Player]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

In my case, not yet, but I am thinking about it. I do DCA and I think that times like this are good to buy because we should be close to the bottom. The $20k has proven to be a strong support, because when we have gone below that mark we have not been slow to go back up. 

Although I would not rule out that as the situation stands, with the Fed's policies that have severely affected the stock market (although bitcoin remains around $20k) and that will cause unemployment and deepen the recession; the price of bitcoin will fall below $17k.

If that happens, I'm going to do some extra buying.

[piebeyb]

If according to analysis and history from the previous year October was a bull market, but it all comes back to yourself because your money is yours, investing in bitcoin should be in the long term

[EarnOnVictor]

You've done well by clarifying that your question is towards the holders as it will help in answering properly based on the reduced risk of holding compared to future trading and others.

Although Bitcoin is still bearish on the long-term trend, yet, it can't do much more in selling anymore. If it has not bottomed for the year at the low of June at $17625.00 yet, it would only do a little by pressing lower the level as buyers are piling up at the bottom and lower prices from it.

In a nutshell, it will not be harmful to begin buying Bitcoin at the current level as the risk to its holders is minimal.

[mk4]

I'm still buying despite me thinking that our economic situation is totally shite. I'm not really going big on purchases though, as me buying in this market is just me hedging the fact that I could definitely be very wrong for being short-mid term bearish. Just a heads up that you shouldn't go all in on one side of a trade — always hedge.

[kro55]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

As a seasoned or professional investor, no one will take the time to figure out what is the lowest price and what is the highest price, because they know it's impossible. Once bitcoin price drops below 50% or 70% it will be a good time to start shopping and no one buys a large amount of bitcoins at once they will always implement the DCA strategy.

There are still some people who wait to buy in bulk once, because they are confident in their analysis, but this is not a wise strategy because the market is very unpredictable. You see even big whales buy using DCA strategy, as MicroStrategy recently announced to buy more bitcoin at $19.8k, shows that no one dares to assert anything in this market.

[hugeblack]

If we are not at the bottom, we are very close to the bottom, and in nights, buying at the moment is not considered a long-term risk, prices such as 12 thousand and 17 thousand will all make profits if Bitcoin rises to levels above 100 thousand dollars.
In the short term, a purchase of 15% to 30% will not hurt.

[ethereumhunter]

I bought it when it hit $18k yesterday and am still keeping it to this day because I think it will go up to another $20k. I think some people will buy at various prices, especially when the price drops drastically and these are the people have been serious about investing in bitcoin for a long time. We have to pay attention to how much money we want to use to invest in bitcoin and we should be able to buy at a low price. As long as your goal of investing in bitcoin is for the long term, you don't need to panic about the rise and fall of bitcoin prices because, in the future, bitcoin prices will rise high.

[Baofeng]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

Smart investors are mostly buying in the range of $18k. It's as close to the lower lows we have seen this year ($17,500), so at $18k-$19k is a good buying point.

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

As I have said, this might be the case, we are down like -60% from our all time high, so you can accumulate at this price buy in bulk and simply hold. There's nothing wrong with DCA though, I guess it's depends on how we wanted to purchase. But in the end, there is nothing wrong to buy at this price. You can also buy when the price hits $15k or even lower.

[Coin_trader]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

There will be no news in regards with Feds and inflation on US so there will be room for relief on buying Bitcoin. It’s advisable to DCA now if you plan to accumulate on this bear market because the price might pump again above 20K on the end of the month because that will the closing of monthly candle while we are still red right now. Closing the monthly candle on above middle part is always happening at the end of the month to fill the gap for the next month candle.

I think we can only see lower lows on Bitcoin price next month and not on the last week of the month because there’s no source of bad news that can drive the price down again like inflation.

[Wapfika]

I bought it when it hit $18k yesterday and am still keeping it to this day because I think it will go up to another $20k. I think some people will buy at various prices, especially when the price drops drastically and these are the people have been serious about investing in bitcoin for a long time. We have to pay attention to how much money we want to use to invest in bitcoin and we should be able to buy at a low price. As long as your goal of investing in bitcoin is for the long term, you don't need to panic about the rise and fall of bitcoin prices because, in the future, bitcoin prices will rise high.

That’s why it’s good to monitor or keep record of all the buy and sell we do during this bear market. I make sure to buy some BTC as much as possible until the price rise again. I record the price I bought some of BTC for future reference. We know the price might take long to rise again but atleast I’ll be able to know if I’m fine to sell that BTC in a certain amount.

[YOSHIE]

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

The market is currently unstable sometimes today up 2% tomorrow down 1.5%, many crypto experts and crypto users are speculating at this time, considering the market is difficult to predict, I once read in one source about investing and buying crypto in 2022/23.

From what I read, I understand and judge, many crypto users are currently buying Bitcoin at $19k, but they are not buying all of them, they believe Bitcoin hasn't bottomed out yet and they will buy again when Bitcoin really is at its lowest, bottom line: they are investing and buying Bitcoin right now, hoping Bitcoin can hit $60-70k in the next few years, for that in this case the conclusion: to buy Bitcoin is currently up to the user himself, sure do, not sure don't buy, which is clear if you target the price of Bitcoin to the level of $60-70k it might be a good consideration.