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

[Swordsoffreedom]

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.

There is nothing wrong with buying some quantity at the current price as our target is long term and bitcoin price has fallen a lot from ATH, possibly very close to the bottom. But that wouldn't be the best idea, because if bitcoin keeps dropping to 15k as you assume we won't have a chance to buy bitcoin at a better price because we already spent all our money buying it at price $19k. DCA is to help us optimize profits as well as limit risks in the best way, so it is always considered the best strategy in every bearish cycle.

[Lucius]

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 may be wrong, but it doesn't seem to me that any of the big ones are seriously buying, although of course there are ways for them to do it quietly in the background without affecting the price too much. They, like most of us, know that we can't be sure if we've hit the bottom, and they also know that until now the big bull runs have always come after the halving - so it's logical that there's a lot of caution about whether now is the right time or not.

For small investors who buy for a few hundred $ it doesn't really make too much of a difference if they buy now or if they wait until the price drops 20% or more, but for those who buy hundreds or thousands of Bitcoins the amount of money they can save is far greater. I think the price speaks the most, the supply is far greater than the demand, and inflation is forcing more and more people to sell what they have been collecting for years.

[Solosanz]

Yes, only smart people that currently keep buying Bitcoin right now because it's still get a discount. Stupid people will scared and keep asking when Bitcoin will reach the bottom, just like you created this thread.

We're currently suffering from high inflation, the value of our fiat will continue to decrease. If anyone have idle money to invest, why they're not convert their fiat to Bitcoin? also to reduce the risk, they can do averaging down until Bitcoin hit the bottom.

[KingsDen]

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.

It doesn't matter in which ever way that one buys bitcoin, the end point is that they are buying bitcoin.  What you call small bitcoin purchases might be big one for people and what you call large amount could be small for others. That is just the difference between you and micro strategy.

Here is the bottom, buy, buy and buy, there is no regrets. Which other bottom are we looking at or are we looking for? Even if bitcoin will go to 15k, the difference is not much again from where we are now. Even if it's going to 10k, we are still in same region, do do not be decieved, buy bitcoin.

[STT]

Cant estimate a bottom price confidentially when the Dollar is trending into higher values continually.  BTC managing to maintain levels under pressure I find relatively bullish but it wont be obvious till negative pressure from the Dollar abates.
   For a currency of trillions traded globally, to see this amount of movement so rapidly within a week is quite remarkable:


Since the June low for BTC the other side of the equation in dollar has been gaining over 10%, this helps to suppress any nominal gains in BTC.  It might be a clearer picture in other currencies outside of dollar which are not gaining or changing value so often.

[ShowOff]

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?

Buy now or later doesn't really matter, but since bitcoin price is currently in a bearish phase since late last year, then I think buying now is advisable. In my opinion, this is the right time to accumulate if you want to invest in the long term. But do a DCA as the current price may drop deeper even when you see the market recovery taking place for some time.

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.

If you are really serious about bitcoin investment, then you should take advantage of this downtrend for your long term investment. This means you can make a purchase, but always consider some good strategies and only do it for the amount you can afford to lose.

[OgNasty]

I'm buying weekly at the moment.  Under $20K to me seems like an opportunity.  I'm even considering buying back in with the BTC I sold at much higher levels.  I don't want to because that's not what I cashed it out for, but if we take another leg down into the $13K range, it will be difficult for me to hold onto my cash. 

I don't know what the ultimate bottom will be, but I do believe fairly strongly that the 2025 high is going to be significantly higher than the 2022 low.  A guessing man might say as much as 20x higher.

[Webetcoins]

Why will they buy now if they think we are close to the bottom? I mean they can just wait for the actual bottom and have a better discount but I don't think we are going down. What im only seeing right now is another recovery. Sooner or later we are above 20k dollars again. Bitcoin is volatile so after reaching a certain price point, it's always possible for btc to move again in another direction.

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.

Some of those who do dollar cost averaging are also using a fiat/cash to buy a bitcoin. For those who don't do dca they can buy btc now because they are buying rarely and who knows, the next time they have a large fund again, btc may not be this cheap.

[dataispower]

Yes, only smart people that currently keep buying Bitcoin right now because it's still get a discount. Stupid people will scared and keep asking when Bitcoin will reach the bottom, just like you created this thread.

people who buy bitcoins more now is the people who knows the techniques of cryptocurrency. No things someone being stupid for investment, because investing in Bitcoin is base on your choice of understanding the market and your target of investing in cryptocurrency, some people condensed so low to know that the best time someone can invest cryptocurrency is during the dip market. And anyone who's new for cryptocurrency investment will not like to buy during the dip market, because of it's understanding of the market. I believe that people who buy now is the people that passed this experience before, and they have target of buying now. Some of the investors do buy to hodl for long term, and some of investors too do buy and resell to make a small quantity of profit, any investor most be scared of investment because it don't want to fall into lost

[el kaka22]

I am. I mean I haven't in a while because I just made a huge debt for myself and it is going to take until December to pay them off so I won't be able to buy anytime soon. But I bought it at these levels before, and I would have right now if I had any money.

I was thinking about maybe taking a bank loan, nothing big like maybe a thousand dollars, and put the debt into smaller pieces, like 50 bucks a month type of deal for 24 months or whatever, and that way I would be able to both pay that back, and would not have to rush. Either pay it back until December with huge amounts and get rid of it and buy more crypto with leftovers, or pay until December and be rid of debt.

[Russlenat]

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".

The bear season is definitely the best time to buy, its either you buy all in or do DCA, it's up to you. What is important is that you never let this opportunities make you regret in the end. So if you want not to repeat the same mistakes again and up regretting, then better don't be late in buying cheap bitcoin and established altcoins. Regardless if we are near to the bottom or not, what is important is that we were able to store a lot of promising coins before the bull run hits the market.

[dothebeats]

I bought last week when it was $19k thinking that it can't get lower than that. Totally forgot about bitcoin prices and just recently checked and I'm tempted to make another purchase. At this point, the price is very appealing and I'm considering to go crazy and do a large purchase as the bears have been testing to break $19k and $18k but with no luck. Besides. most of what I'll be buying would be kept in a cold storage anyway so I wouldn't mind if it goes lower than my entry price. I wouldn't sell at a loss and I'd rather play the waiting game than to stress myself on the price.

[sayaya17]

Yes, only smart people that currently keep buying Bitcoin right now because it's still get a discount. Stupid people will scared and keep asking when Bitcoin will reach the bottom, just like you created this thread.

We're currently suffering from high inflation, the value of our fiat will continue to decrease. If anyone have idle money to invest, why they're not convert their fiat to Bitcoin? also to reduce the risk, they can do averaging down until Bitcoin hit the bottom.

If we study Bitcoin well and understand how Bitcoin works, there is definitely no delay in buying Bitcoin. Because thinking too much about when
the price of Bitcoin is lowest, in the end it will only prevent us from buying Bitcoin. However, no one can know what the lowest Bitcoin price will be
this year, so stop thinking about the lowest Bitcoin price. Like you said inflation is getting higher, so a profitable decision if we convert our fiat
into Bitcoin. Instead, I invest in bank products, which only pay a small interest, and the fiat value continues to decline due to inflation. Investing in
Bitcoin is something we must do as soon as possible and don't delay, the more we delay buying Bitcoin we will regret it the more we missed buying
Bitcoin at a low price.

[Ultegra134]

I'm buying weekly at the moment.  Under $20K to me seems like an opportunity.  I'm even considering buying back in with the BTC I sold at much higher levels.  I don't want to because that's not what I cashed it out for, but if we take another leg down into the $13K range, it will be difficult for me to hold onto my cash. 

I don't know what the ultimate bottom will be, but I do believe fairly strongly that the 2025 high is going to be significantly higher than the 2022 low.  A guessing man might say as much as 20x higher.

Anything below $20.000 sounds like an opportunity, considering that its ATH was over $69.000. However, to answer OP's question, judging by the increasing inflation and the upcoming recession we're yet to fully experience, I would expect Bitcoin to crash even further in the upcoming months. If you intend to hold for the long term, it's simply a matter of increasing your yield in a few years. I expect the situation to improve after 2024, which is depressing when you think about it. It sounds so far from now, and no one knows what will have happened by then. All assets are going to face major losses due to the recession. Even the S&P 500 index has been severely affected.

Until then, accumulating Bitcoin sounds like the wisest option.

[wxa7115]

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 have no doubts that the whales are buying a lot of bitcoin right now because the price is simply too cheap to ignore, and in my particular case I am buying the bitcoin that I can, but it is not like I can afford to buy huge amounts of bitcoin at the moment.

So even if it is not really my intention the amount of bitcoin that I am buying has the effect of creating some sort of dollar cost averaging strategy, however I can do this not only because I think the price is very low already but also because even if the price were to crash once again I will not sell my coins no matter what, so I can buy the bitcoin that I can with impunity.

[adaseb]

There really isn’t that many people that are entering crypto right now. Most are leaving. There is no new money coming in. Same with stocks. Why risk your money when you can get almost 5% risk free with bonds.

People are just pumping alts like Luna, XRP and Doge and then dumping them quickly before they start to lose money. Going to be a tough winter until macro conditions improve.

[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.

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.

I am following your steps in buying as much BTC as possible at this time because the current price is a price that makes sense to me. But if the price drops again, I'll also make sure to buy it again because that's my next discount. At least we can still try to have more BTC and when the price starts to increase and the rally comes again, we will see what percentage of profit we will get. But in buying bitcoin, we must see and manage the amount of funds we use and do not immediately use most of the money to buy at one time.

[Wexnident]

I regularly buy in so that my wallet increases, but with the dips recently I have been buying in more sometimes. It's pretty irregular though, but it's not to the point where I'd call it buying it all in. I'd highly avoid doing that even if you consider at one point that it's the bottom, proper risk management should always be done imo.

On the topic of dip, if it goes down below $18 again I might just buy more. Every dip right now seems like an opportunity after all.

[Captain Corporate]

I agree with most people here that buying right now couldn't hurt, I mean sure you could still go little lower, thats not impossible but I honestly feel like how low could it get anyway? So its always a good idea to buy some more, and right now its not DCA time, like if you have any money, buy with all of it right now if its not going to bother you because it may end up going up from here so its smarter to just end up with a good return if you buy with it right now. Plus dollar is getting less and less valuable each day, it doesn't make sense to keep it there, no reverse on that, bitcoin could at least go up.

[Bitstar_coin]

Hard to really know where the bottom is, btc has been on an up and down movement these past days which makes it difficult to determine if we are really close or at the bottom or if there is the possibility it will go even lower. 
I have read several other info claiming 2023 will be more crucial for btc as a result of high interest rate, if that will happen then i doubt we are close or have seen the bottom yet.
I think many people are just waiting on the sideline hoping to see it go even lower as many have predicted it will be.