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

[Slow death]

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.

the problem with your strategy is that you can buy and the price drops considerably, of course if you are going to hodl in the long term it may not be of great importance to you, but from the point of view of maximizing profits the ideal is always to be able to buy the lowest possible and selling as high as possible, so even being able to buy at the bottom and sell there at the top is the most ideal, but it is a difficult task to know where the bottom is, so the person can choose to buy when the price fall a lot touch some very strong support, something like buy at 17500$ to 18000$ and then if the price drops below 17000$, buy again at 14000$ or if it falls below 14000$, buy at 10,000$, that is different to buy whenever you have money ignoring strong supports or the bottom


OP, I think people are buying because they believe that $17500 is the bottom and even if it drops below $17000 while people are long-term buying the price would easily go back to $17500 and go higher so it is a good move to buy now

[1715375843]

1715375843

[Shasha80]

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.

Nobody knows the lowest price of Bitcoin, Bitcoin may still drop even lower and some people even believe Bitcoin could drop to $10k. It's scary if
it really happened, but on the other hand there is a possibility that the Bitcoin price will recover soon and could rise to as high as $30k. No one
can be sure which one is right, than we are confused about it and we end up delaying buying Bitcoin. My better advice is to buy Bitcoin
gradually, meaning that every time the Bitcoin price goes down we will buy Bitcoin. Then after buying Bitcoin we will hold Bitcoin until the target
we want is achieved, for Bitcoin and some of the top altcoins long term holding is better than trading. But for new projects it is better to use it
for short-term trading, because new projects are very risky, the price will drops drastically if holding for too long.

[uneng]

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?

At the currently stage, Maybe people are tired of seeing the constant decline in btc's price to keep purchasing on every dip thinking it's going to be the last one. Who invested a lot in bitcoin when the prince retracted to 40,000$, 30,000$ and 20,000$ won't have funds to continue investing every time bitcoin loses another support position, with the exception of whales who can manipulate the market, especially if bitcoin becomes too cheap.

I believe investors who aren't trading and think on long term are simply waiting at this point to see what is going to happen next in crypto world.

[Reatim]

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.

Even if i think this is the bottom ? yet i wont deposit or convert everything in one basket , I have learn my lesson in this market and that is never to set in single coin , better to diversify at least the 30-40% of your total capital than just in all bitcoin.
it is not that I don't trust this coin but this is how i see the market for years that I'm dealing here.
though I have nothing to convert now because all of my funds are in Holding and just waiting for the blow to sell out.

[kotajikikox]

No one can say for sure whether Bitcoin will go down any further or whether it will pump. But currently the price of Bitcoin is standing at the price I think it is not bad to invest here for long term investment. If we look at the all time high of bitcoin then now we will see that Bitcoin price is more than 70% of it's All time high price , So I think even now if someone is doing Bitcoin investment then they can get more than three times this profit in Next Halving.

but at least we are now standing above 20k in which i think  a safest place for the investors, and looking at the bottom seems to be hard to see in any moment from now.

If we will keep looking for the biggest profit then we will not going anywhere because this volatile market will keep bringing the different ways, try to look at smaller but safer investments.

[Wapfika]

but at least we are now standing above 20k in which i think  a safest place for the investors, and looking at the bottom seems to be hard to see in any moment from now.

If we will keep looking for the biggest profit then we will not going anywhere because this volatile market will keep bringing the different ways, try to look at smaller but safer investments.

We can't predict whether this state is already at the bottom there is an economic crisis as inflation and war are still happening. It's still hard to determine when will people start to invest in crypto again. So taking a small profit from trading can help with everyday needs. But if we still have some sideline that can sustain our needs and buy extra crypto then do it but to those who is still holding their BTC better keep waiting before we sell it. Time will come that the market will recover.

[Fundamentals Of]

I don't have reliable data that would provide support to my guess that there must be many people who are doing their best to gather as much funds as possible in order to take advantage of cheap Bitcoin. There are of course people on social media who are sharing that they are buying Bitcoin. Even Michael Saylor's Microstrategy has also shared that they are actually buying more Bitcoins during this bear season. So I think there really are people who believe that Bitcoin has already bottomed.

[Rikafip]

Even if i think this is the bottom ? yet i wont deposit or convert everything in one basket , I have learn my lesson in this market and that is never to set in single coin , better to diversify at least the 30-40% of your total capital than just in all bitcoin.

Diversifying in what, another altcoin? You are very wrong if you think that you are diversifying just because you are buying other coins other than bitcoin, because all of those altcoin prices depend derectly on bitcoin performance. So when bitcoin goes up, they go up as well, and when bitcoin goes down, they go down even more.

If you really want to diversify your portfolio (which is not a bad thing btw), at least invest in something else that is not heavily corelated and affected by bitcoin price movement, like precious metals, land etc.

it is not that I don't trust this coin but this is how i see the market for years that I'm dealing here.

If you should have learned anything during those few years, its that bitcoin outperforms all of the other coins/tokens.


To answer OP, yes I am currently buying but not because I think that we are close to bottom but because I am using DCA investment method. And yeah, I don't think that it makes much sense to try time the bottom and then buy as its almost impossible. You may get lucky though, but that's all that it is, pure luck.

[BobK71]

I don't have reliable data that would provide support to my guess that there must be many people who are doing their best to gather as much funds as possible in order to take advantage of cheap Bitcoin. There are of course people on social media who are sharing that they are buying Bitcoin. Even Michael Saylor's Microstrategy has also shared that they are actually buying more Bitcoins during this bear season. So I think there really are people who believe that Bitcoin has already bottomed.

This is not unreasonable to believe. This level ($18k-$20k) is likely to be a reliable level when Bitcoin is down 71% from it's ATH and there is enough utility to buy Bitcoin from this position. Truly say many are buying at the moment and many are waiting for more dip. In this regard there are some whale buyers who are collecting bitcoins without any noise.

[GeorgeJohn]

The scenario from my perspective is that Bitcoin does not have bottom, at any point in time of Bitcoin falling it's the exact point of it's bottom, because, the bottom might come Three times before the year might run to the end, i believe that waiting for the before we can purchase bitcoins it's a wrong conception from my understanding of the market nature. If you want to buy Bitcoin don't listen to the news bottom, because waiting for the bottom, bitcoin can accelerate without a delay

[wxa7115]

The scenario from my perspective is that Bitcoin does not have bottom, at any point in time of Bitcoin falling it's the exact point of it's bottom, because, the bottom might come Three times before the year might run to the end, i believe that waiting for the before we can purchase bitcoins it's a wrong conception from my understanding of the market nature. If you want to buy Bitcoin don't listen to the news bottom, because waiting for the bottom, bitcoin can accelerate without a delay

At the end of the day we need to take a decision about whether or not we should buy bitcoin, it is easy to think that we should wait for the bottom before we buy bitcoin, but there are several problems with that.

To begin with it is impossible to know where the bottom is exactly going to be, which means that you could buy bitcoin thinking that its current level is the bottom only for you to be mistaken about this prediction, and if that happens then what are you going to do? Because that was not part of your plan, do you sell or do you keep holding? That hypothetical scenario should show us why trying to find the bottom is useless and why we need to buy bitcoin whenever we feel comfortable doing it.

[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.

the problem with your strategy is that you can buy and the price drops considerably, of course if you are going to hodl in the long term it may not be of great importance to you, but from the point of view of maximizing profits the ideal is always to be able to buy the lowest possible and selling as high as possible, so even being able to buy at the bottom and sell there at the top is the most ideal, but it is a difficult task to know where the bottom is, so the person can choose to buy when the price fall a lot touch some very strong support, something like buy at 17500$ to 18000$ and then if the price drops below 17000$, buy again at 14000$ or if it falls below 14000$, buy at 10,000$, that is different to buy whenever you have money ignoring strong supports or the bottom

Yeah thats me , I kept  my funds at least semi long term or will never decide to sell in losses , have been in this strategy for years though at one point when there is a emergency needs for funds? yeah i did sell my coins at small losses but did a recovery in the next year come.

[bestcoins1]

Yeah thats me , I kept  my funds at least semi long term or will never decide to sell in losses , have been in this strategy for years though at one point when there is a emergency needs for funds? yeah i did sell my coins at small losses but did a recovery in the next year come.

If you sell assets because of an emergency need or need funds suddenly, I don't think it's a mistake even though there must be a small loss to be borne. Because the important needs for life are the main things that must be met before meeting other needs. So you actually don't make a mistake by selling a small loss because you can still get a recovery in the next year on the remaining assets you have.

[Pujangga]

I think now is the best time to invest bitcoin, the price below $20k is the bottom so if we don't buy now then we can only see other people making big profits, with the increasing number of communities making bitcoin explode anytime.

[romero121]

Bitcoin is at $19k right now and buying at this price is really not a bad idea for me. Many people speculates that we haven't reached the bottom yet and $13k is possible in this bear market. But the more people predict the bottom price, the more it is not likely to happen. Market is really unpredictable right now given that we are also in the midst of economic crisis so the best thing to do is just DCA to minimize the risk of losing money.

Buying at this price is good. The best thing to do is scalping, because even if the price makes a drop we'll be able to book our buying at the best price. It is good to make use of every market fluctuation to increase the holding. Because we're in the bear market and the upcoming bull move will surely make a good change in one's portfolio.

[Natalim]

Well, it is not a question if people buy because of thinking about the bottom is coming but certainly, because they are thinking that this is an opportunity. Perhaps, the idea that we have been using before "buy low and sell high" is really effective and obviously, this is what we applied.
It is people simply think that buying today will give them profit when the market is in bullish again. And it was a mindset now, especially for long-term investors and have an experience in the pass bull season.

[Viscore]

No one can say for sure whether Bitcoin will go down any further or whether it will pump. But currently the price of Bitcoin is standing at the price I think it is not bad to invest here for long term investment. If we look at the all time high of bitcoin then now we will see that Bitcoin price is more than 70% of it's All time high price , So I think even now if someone is doing Bitcoin investment then they can get more than three times this profit in Next Halving.

The current bitcoin value is still tempting to buy more and hold more for long term. That’s what most of the potential investors are doing right now or they keep on DCAing once they witness another price decline for bitcoin. And for me, this is a much better idea so you can create 5x or 10x profits when the bullish trend starts to appear in the market. Just grab whenever there are opportunities to buy and you’ll always be thankful in the future.

[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.

If you greed for more, then definitely you will miss the best price to buy.
If you are able to buy the coins at around 22k usd, the consider yourself lucky, as no better price can come for Bitcoins if you exclude this.
So it’s advised, buy as many coins as you can, and hold it for long term.
Then definitely after 2-3 months you will see massive profits in your wallet.
This is my suggestion only, now think and analyse and invest accordingly.

Those which are always hoping for the price of bitcoin to go down a little bit more before they buy are the ones which rarely do so.

At hearth they are afraid to make a mistake and buy bitcoin when its price is too high, so they hide behind this pretense they are waiting for the price of bitcoin to go any lower to buy it to hide their indecision, the current price of bitcoin is a great entry point and most of those which refuse to take advantage of it will regret it in the future.

[GeorgeJohn]

Actually cryptocurrency is good to buy when the price is extremely low for the the beginners, but for the old investors knows exactly when is due period to purchase or buy any cryptocurrency, indecencies that they have practice it for long periods of time, so i believe that venturing into cryptocurrency market it needs to scrutinized very well to avoid the disadvantages that is involved into it, so I'm recapitulating that the best time to buy cryptocurrency for long term investment is during the dip market

[EdenHazard]

Well, it is not a question if people buy because of thinking about the bottom is coming but certainly, because they are thinking that this is an opportunity. Perhaps, the idea that we have been using before "buy low and sell high" is really effective and obviously, this is what we applied.
It is people simply think that buying today will give them profit when the market is in bullish again. And it was a mindset now, especially for long-term investors and have an experience in the pass bull season.

Everyone always thinks that the price going back up whenever the price hitiing its lowest point of certain time span , where actually it could be a trap bull ... beware just beware , people tend to get tricked by these market situations ..

Instead bouncing back ... we could dig our own grave really deep.