Generational Buying Period is On-Going

[ImThour]

You should not wait for prices to go any lower than this.


https://buybitcoinworldwide.com/stats/days-since-high/

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[OgNasty]

While I would agree that now there are plenty of metrics pointing to now being the time to buy, it’s important to remember that things can always be different going forward. That being said, I think now is a great time to be dollar cost averaging your way into crypto with small weekly buys. Keep it up for a couple of years and you’ll most likely be well rewarded when the market turns back upward.

[Upgrade00]

Waiting for a certain period or point in the cycle would mean the individual has not yet made up their mind to buy yet, and an infographic would not convinced them to do so.

Dollar Cost Averaging which OgNasty suggested above does not need one to be able to read technical analysis or understand where the market is heading, it just needs consistent buy in amounts at regular time intervals, which when accumulated overtime would prove to be a good way to build sats.

[STT]

I tend to agree, I have a few accounts where the balance is dollars but the withdrawal will be in BTC which means the price going down gives me more BTC.  I'm inclined to stop my hesitation and just withdraw in this area of pricing not that I know the bottom price exactly just that its nearing very close to the right area for a longer term bottom.  The depths of price action are always lower then people expected because to consider this point you must look back many years as well as forward so its a balance of the two and this is very probably a pivotal area of pricing.

[Baofeng]

I think it's an easy decision though to buy at this price, DCA or simply buying in bulk, or whatever fits your strategy. The price is cheap, one thread says that we are in 2018 price, or 2017 prior to the all time high that time. So yes, generational buying period or simply accumulation phase.

History already tell us that in the future, the price will experience a massive growth.

Just a matter of time on how we are going to see and seized the advantage that we have today.

[bitgolden]

There is a limit to how much we can buy, that is the only problem most of us are facing. I mean I cannot buy 10 million dollars worth of bitcoin because I do not even have 10k dollars let alone 10 million. Which means we buy as much as we can afford, but as long as those whales do not get in, we can't really do much about it.

Just focus on what we can do with our money and then the rest is let’s all hope that bitcoin will be picked up by the whales again and people would start to buy bitcoin in tens of millions, even a few millions to profit, that way we would be doing a lot better and the price would go up too because of all the bulk purchases making the market go up very fast and creating hype for everyone.

[AverageGlabella]

Waiting for a certain period or point in the cycle would mean the individual has not yet made up their mind to buy yet, and an infographic would not convinced them to do so.

Dollar Cost Averaging which OgNasty suggested above does not need one to be able to read technical analysis or understand where the market is heading, it just needs consistent buy in amounts at regular time intervals, which when accumulated overtime would prove to be a good way to build sats.

Most people here so not know how to read technic analysis they think they do but really what they have been doing is getting lucky when predicting. Technical analysis is a real skill that they teach in economics and that is done with stocks but Bitcoin behaves different to normal stocks.

[adaseb]

Well looking at the above, it seems the safer time to buy it when the dots are yellow and not orange. We got lots of indications now pointing to a bottom. Most important is that many are calling bitcoin a scam and are withdrawing all their funds into their bank accounts, usually when this happens. Its a perfect time to buy.

How many people do you know that are buying now? Most I know are either holding for lower prices or they are selling. Seems like the perfect time to buy...until it isn't. I think we had these "perfect time to buy" about 5 times this year.

[Kemarit]

There is a limit to how much we can buy, that is the only problem most of us are facing. I mean I cannot buy 10 million dollars worth of bitcoin because I do not even have 10k dollars let alone 10 million. Which means we buy as much as we can afford, but as long as those whales do not get in, we can't really do much about it.

Just focus on what we can do with our money and then the rest is let’s all hope that bitcoin will be picked up by the whales again and people would start to buy bitcoin in tens of millions, even a few millions to profit, that way we would be doing a lot better and the price would go up too because of all the bulk purchases making the market go up very fast and creating hype for everyone.

I wouldn't call it a limit though, I guess it's just how much you can buy with your budget. Work around it, grind everyday, but the reward will be worth in the future.

And so it could be like less than $100 per month, just because that is the only amount we can allot to buying Bitcoin, and it should only be BTC, not shitcoin or meme coin or some altcoin. WE should just focus on buying Bitcoin as this point, in whatever way we can, as I have said DCA, or maybe if you have our Christmas bonus already, maybe you can try as little as 10% and then HODL.

[Reid]

The memory of buying after the dump months ago is still fresh. Now it's way cheaper like 10k of USD less. Just thinking about it makes me smile already.
I don't regret what I have done before, and I still won't regret it now. If the dump won't stop then I will keep on buying in parts until my capital is depleted.
It's harder to be on the other side where you are not buying now and regretting it later. It's a nightmare that will keep on visiting you in your sleep.
The "what if's".

[Lucius]

The majority will still wait for the price to be even lower, because agendas have been circulating on the forum for months that it simply has to happen that the bottom is formed as close as possible to $10 000. And regardless, this crash couldn't have happened at a worse time, because inflation is such that very few people can afford to invest in Bitcoin or anything else because they don't have enough for basic life needs.

In addition to all this that has happened recently, and above all I am thinking of the biggest scam in history (Kwon Terra/Luna) and now Mr. Bankman scamchange, the amount of mistrust that has crept in among people is really at a high level. Fortunately, people have a very short-term memory, which means that in 6 months, things might get better, and as the halving approaches, the economic situation might be better than today, which will encourage a new wave of investments in Bitcoin.

[Nrcewker]

There is no best time to buy Bitcoins according to me. I mean Bitcoins are the best digital asset available in the market, if we still question on the capability of Bitcoin then definitely we will miss the best price to buy the Bitcoins. If we are able to grab some Bitcoins anywhere less than 20k usd, then consider ourselves lucky. Just buy a bunch of coins right now and enjoy a whopping profit of 4x in a year. Wishing everyone all the best with the trading venture.

[Franctoshi]

There is no best time to buy Bitcoins according to me. I mean Bitcoins are the best digital asset available in the market, if we still question on the capability of Bitcoin then definitely we will miss the best price to buy the Bitcoins.

There's actually a good time for buying Bitcoin, precisely buying Bitcoin in a discount ( the dip) makes more sense than buying the top, Therefore Buying Bitcoin now with a discount in price is actually the best time to start accumulating Bitcoin for someone that has not started yet, while for people that has already bought some BTC should have patient and keep holding, or either buy more now to increase their portfolio at cheaper Bitcoin. Bitcoin will bounce back one day.

[jostorres]

The memory of buying after the dump months ago is still fresh. Now it's way cheaper like 10k of USD less. Just thinking about it makes me smile already.
I don't regret what I have done before, and I still won't regret it now. If the dump won't stop then I will keep on buying in parts until my capital is depleted.
It's harder to be on the other side where you are not buying now and regretting it later. It's a nightmare that will keep on visiting you in your sleep.
The "what if's".

It should be remembered, that is for us to know if it's now ready to sell and take profits. If we are buying too often, we can also write it down in the notebook or on our phone. But, it's great that you are smiling instead of regretting on why you didn't wait for the price to drop but many are not like that.

This is why DCA is invented and being recommended the most to avoid regrets and get involved in each dumping of the price. I guess your last buying price is at $25k, judging on how you calculate how much you can save if you will buy again today. $25k is a decent buying price IMO so don't worry. It should gave you a great returns already by the time we get back to the last ath.

[dunfida]

While I would agree that now there are plenty of metrics pointing to now being the time to buy, it’s important to remember that things can always be different going forward. That being said, I think now is a great time to be dollar cost averaging your way into crypto with small weekly buys. Keep it up for a couple of years and you’ll most likely be well rewarded when the market turns back upward.

Well said!

Not all things happened in the past would eventually be happening in the future.We might be seeing similar behavior or patter but doesnt mean that it would be 100% be happening in the future.
This is why people should really be realizing about the certain risk when you do make yourself so sure about those ATH movements which its never been a guarantee.
Always set or take precautions when it comes to your trading decisions specially on buying entries.Dont make that all in kind of behavior
or always having that risk management always intact.

[Falconer]

The majority will still wait for the price to be even lower, because agendas have been circulating on the forum for months that it simply has to happen that the bottom is formed as close as possible to $10 000. And regardless, this crash couldn't have happened at a worse time, because inflation is such that very few people can afford to invest in Bitcoin or anything else because they don't have enough for basic life needs.

I agree this is the most dominant reason why people will wait, again the crypto market is currently experiencing a bit of loss of confidence due to some big projects failing like the two cases of Terra and FTX recently. This has made a lot of people out there wary of crypto even though it is recovering gradually.

Fortunately, people have a very short-term memory, which means that in 6 months, things might get better, and as the halving approaches, the economic situation might be better than today, which will encourage a new wave of investments in Bitcoin.

True, but if the aftershocks are deeper then I believe 6 months is too short to get much faith in crypto again. Maybe a little longer, but who knows. Fortunately, the halving is getting closer, it will create a better mood for crypto among its traders and investors.

[LFC_Bitcoin]

Just posted this in another thread -

Hope everybody is buying at the moment. I still think we will go lower, $12,000 to $14,000 on the cards imo. I am buying at the current price though. Just need to have substantial funds ready for the absolute bottom range. It’s impossible to buy the bottom but you can sure as hell try your best to get close.

We are 100% going to 6 figures in $ per bitcoin by the end of 2025. Do not miss this (for some of you noobs) once in a lifetime opportunity. Easy 10 x your money from here.

DCA & HODL mid to long term, brothers!

[Zilon]

It is dangerous waiting any further. Buying at this price is really fair enough and a chance to meet up with some good profit during the bull run. Instead of waiting any further for price to drop below this which is still under strong probability i will rather buy as much as i can now have some reserve incase it dips further then catch up with that as well that way there will be nothing to lose because the next bull run will be so massive.

[adaseb]

Right now it’s make it or break it for Bitcoin.

We got horrible news. Basically exchanges going under, banks possibly going under, genesis needs $1B and is dumping their GBTC shares and pushing the GBTC discount to almost 50%.

Basically markets are in bad shape. If Bitcoin survives this month, then we bottomed.

[philipma1957]

Just posted this in another thread -

Hope everybody is buying at the moment. I still think we will go lower, $12,000 to $14,000 on the cards imo. I am buying at the current price though. Just need to have substantial funds ready for the absolute bottom range. It’s impossible to buy the bottom but you can sure as hell try your best to get close.

We are 100% going to 6 figures in $ per bitcoin by the end of 2025. Do not miss this (for some of you noobs) once in a lifetime opportunity. Easy 10 x your money from here.

DCA & HODL mid to long term, brothers!

I have a dca set on coinbase for the next 20 weeks I will revisit it later.