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

[Ayers]

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'm not buying right now, but i also bought a lot of bitcoin when it hit $18k in june, i have to say think it was close to bottoming out and i bought a lot at the time. but looking at the current market, bitcoin price is not going to recover anytime soon and we will most likely have new lows during this bear season
i will continue to buy bitcoin if its price drops below what i bought it before, at the current price drop i am still not interested in it

[Lucius]

~snip~
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.

I would like to know what someone is counting on when they think about a x20 price increase after the next halving, especially if we take into account that the last halving did not even increase the price by x3? If we assume that the average price during this bear market will be around $20k and that it will be the starting price for a future bull run, I would not say that anything above x10 is realistic to expect, although I would never claim that it is impossible.

If history repeats itself, then anyone who invests today, even in the worst-case scenario, should profit at least x5, and that is a more than excellent opportunity for 2-3 years of investment.

[buwaytress]

Really, not sure why people who have been waiting for good buyins are afraid of now.

If you are in this for the next cycle, what is the worst that could happen even if we revisit 2020 lows of sub 4k? I buy now and I lose, temporarily up to 80% value over the mext couple of years running up to new ATH.

Best case scenario and we are near or at the bottom and then when do we panic fomo buy? 25k? 30k? But if we did not budge now sub 19k, why wouldn't we fear 25/30 as bull traps?

Still cannot understand why people stress if they really want and believe in Bitcoin for the long term...

[Lucius]

@buwaytress, it is not so much a problem in the price, but a much bigger problem is that most people do not believe in Bitcoin in order to invest in the long term. I believe that the majority will still wait as close as possible to the halving, and as always, they will start investing on the wave of some new FOMO. If I were to ask people the question of choosing between 2 possible scenarios when it comes to investing in Bitcoin - the first would be to invest now, wait at least 2-3 years and then sell, and the second would be to wait until the bull run starts and then sell in the next 2-3 months.

It seems to me that the latter is the option that many would choose and I can't say that I don't understand that way of thinking, although long-term investing is always more profitable, at least when it comes to Bitcoin. Of course, this may be true for those who do not look at Bitcoin exclusively through the prism of profit, but also some kind of personal financial sovereignty.

[adzino]

There are millions of people out there that are buying because they think that the price is close to bottom and wants to maximize their profits. And then there are people out there that are buying because they can afford to buy and "lose" their money. They don't care  what the current price is. But they both are willing to hold long term.

Why is it important to you if people are buying now or not? As long as you can afford to invest and willing to hold them, just invest and keep holding till you reach your profit goals. No need to wait for the bottom. No one can accurately predict when the bottom is!

[$crypto$]

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.

It's never known how low the price of bitcoin will be, maybe for the current price or maybe it will drop again to $15k/$10k it's really hard to guess, but if we are planning on long term investments many say now it's more appropriate to buy instead of waiting for the price to be uncertain whether it will go down or up, one way is to have the courage to take any decisions never to be seen from how much the price moves it will be difficult to predict, in 2023 it will be better according to what is predicted.

[Oceat]

I want to make a bitcoin purchase for a large amount for myself, but frankly the market does not inspire confidence in me. Bitcoin has been near the bottom too often and is approaching its previous bottom. I've bought bitcoin many times before just before the fall and I don't want to get into that situation again. Although I still think it's a good time to buy, I'd rather refrain for a while, maybe until next month.

Why would you bulk buy some BTC when you could just buy whenever you have some extra money? If you think you just need to buy because it's near in the ATH, that's so wrong since you are making yourself to get the less profit once it goes down. Instead of waiting for the right time to buy some BTC, you can start accumulating even small sats of BTC if you have the money since the important part is how you buy cheaper price of Bitcoin instead of waiting for the expensive one when it's near in the bull market.

[Ziskinberg]

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.

Every day you can see people buying and selling their Bitcoins. If you are asking anyone is buying right now? Even during the bull season, buying events existed, it much more during the bear season, therefore, the answer is YES. In fact, in the past few days, Microstrategy is purchasing a huge amount of Bitcoin that even gets the attention to the community, and for sure some small market players are also doing this.

[buwaytress]

@buwaytress, it is not so much a problem in the price, but a much bigger problem is that most people do not believe in Bitcoin in order to invest in the long term. I believe that the majority will still wait as close as possible to the halving, and as always, they will start investing on the wave of some new FOMO. If I were to ask people the question of choosing between 2 possible scenarios when it comes to investing in Bitcoin - the first would be to invest now, wait at least 2-3 years and then sell, and the second would be to wait until the bull run starts and then sell in the next 2-3 months.

It seems to me that the latter is the option that many would choose and I can't say that I don't understand that way of thinking, although long-term investing is always more profitable, at least when it comes to Bitcoin. Of course, this may be true for those who do not look at Bitcoin exclusively through the prism of profit, but also some kind of personal financial sovereignty.

Yeah, I'm beginning to notice that the real holders actually are very much older people OR people who got in extremely early and have just been selling to improve their lives, keeping as much as possible and reupping after ATHs. Your take also matches with what I believe to be true, and this is from personal circumstantial evidence but the newer investors are really just speculators in disguise I'd say. And their actual utility (using Bitcoin to pay for stuff, etc.) tends to correlate with that behaviour.

[BTCat]

Some traders have short term goals for the upside while they are aware that in the longer run it may go lower again.

I believe btc will go towards $12K and stay there for half a year. Then we're ready for the upside again.

[STT]

Traders buy for a daily or a weekly view, holding a trade over a weekend for example would be unusual because of the risks increasing on Friday and Monday partly.   Crypto might be different but not that different, the flow of dollars alters all other prices.

Both 2 day and weekly average are aligned.   I think we have a triangle formation, a declining one.    A holder is quite reasonable to buy here imo, it must be freely held capital not a trade to say that.

[maydna]

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 think a lot of people are still buying bitcoins, especially if the price can drop further. Most of those people still have a lot of money to buy bitcoins. As long as you can analyze when you can start buying, you will have more opportunities to buy when the decline occurs. Some traders buy when there is a decline and sell when there is an increase. This can be profitable for them, especially if the price can increase higher than the purchase price.

[jostorres]

I want to make a bitcoin purchase for a large amount for myself, but frankly the market does not inspire confidence in me. Bitcoin has been near the bottom too often and is approaching its previous bottom. I've bought bitcoin many times before just before the fall and I don't want to get into that situation again. Although I still think it's a good time to buy, I'd rather refrain for a while, maybe until next month.

Why would you bulk buy some BTC when you could just buy whenever you have some extra money? If you think you just need to buy because it's near in the ATH, that's so wrong since you are making yourself to get the less profit once it goes down. Instead of waiting for the right time to buy some BTC, you can start accumulating even small sats of BTC if you have the money since the important part is how you buy cheaper price of Bitcoin instead of waiting for the expensive one when it's near in the bull market.

He already have the money but he is waiting for the bottom price. His wish might seem hard to achieve because we don't know if the price will return to its last bottom or not. The best thing that he can do is to just buy something using a portion of his money so that he still have a money left in case the price dips more.

Each of us has our own signal if when we will buy and maybe others will start buying once they think the ath or the bull run is near. I think there is nothing wrong with that but what could be wrong is when someone buys at the peak of the bull run. As for @fzkto he already said that he want to buy at the lowest possible price.

[jakelyson]

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 think we are now hitting the lowest price of bitcoin, at least for this year. I believe, it will start to pump up starting next month or November then gradually go down again. It is not a new all-time high pump, but it would still be higher than what we are seeing right now. If I am right, it is usually at this time of the year that it starts to have a mini pump.

Though I might be wrong, this is a good time to buy some bitcoin especially if you are not the type of person who wants to cost average.

I believe though that cost averaging is still the best approach to accumulating bitcoin. Then just purchase more when the price takes an extra dip.

[Raflesia]

He already have the money but he is waiting for the bottom price. His wish might seem hard to achieve because we don't know if the price will return to its last bottom or not. The best thing that he can do is to just buy something using a portion of his money so that he still have a money left in case the price dips more.

Each of us has our own signal if when we will buy and maybe others will start buying once they think the ath or the bull run is near. I think there is nothing wrong with that but what could be wrong is when someone buys at the peak of the bull run. As for @fzkto he already said that he want to buy at the lowest possible price.

It's really difficult to make this a certainty because as you said things like this are difficult to be sure even with the research that has been done and all have their own standards, but we can also wait for false things in the end.
It's true that buying at the lowest price is a good thing but while you can still pay in installments why not because it's also not a bad decision.

[_BlackStar]

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?

Of course there are, in fact you can expect a lot of people to buy on every dips for the purpose of holding on in the long term. People take every opportunity to make a profit, it's not only taken advantage of by long term investors because maybe day traders or others can also take advantage of it in the short term.

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.

You can expect some big investors to also have a good understanding of when they should buy bitcoin. Buy on dips is a good strategy for the long term and you should believe they are serious investors about this. Then from that, you can also buy bitcoin at any price so far as long as you understand the risks and can afford to lose.

[kotajikikox]

I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

[traderethereum]

I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

Some people will act as you do and only buy when they have the funds.
I think we can use your method because we must adjust it with our funds.
But it would be better if you have funds and can buy when a red candle appears on the market to buy more bitcoins.
And if you keep at it, you can accumulate a certain amount of bitcoin that will be ready to be sold at a high price.

[FatFork]

Sure, past performance is no guarantee of future results, but it's nice to imagine that the price of Bitcoin will eventually reach the skies again and we'll all be more than well-rewarded if we've bought in anywhere near the bottom over the past couple of months or so. The only thing certain at this point is that anyone who has bought over these past months is in better shape than someone who bought in at the top of the market.

If you're already in, great. Just hodl through it, and things will get better. It's a long road, but the good days will come back eventually. If you're going to invest in any asset, do your research and be brave. That is how smart investors make money. Be patient, watch the trends and study what has happened historically.

[ultrloa]

I don't usually rely in what is the positioning of the market , instead I only take chances when i have funds available , meaning even how much the prices of my target coin is? as long as my funds is available to risk? then i will purchase and buy .

and waiting or looking for bottom is a newbie way of investing , if you already knew the market then you know that everytime is the best time if you have funds.

Some people will act as you do and only buy when they have the funds.
I think we can use your method because we must adjust it with our funds.
But it would be better if you have funds and can buy when a red candle appears on the market to buy more bitcoins.
And if you keep at it, you can accumulate a certain amount of bitcoin that will be ready to be sold at a high price.

We don't know yet if the red candle appears will be the lowest point or best position to enter since there are cases that the price would dump for more harder that's why we need to take action depends on the condition of the market and eliminate the fear since sometimes we will miss the opportunity if we continue to get afraid if huge dump came from certain coins. Maybe at some point if heavy red candle came that's the best time to enter and came short to gain since I think trading is much safer than doing long on bear market season.