Generational Buying Period is On-Going

[Lucius]

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

Bitcoin will survive due to the fact that it is decentralized, which means even if all CEX and all the banks connected to them fail. Of course, everything revolves around the price and how low it can go, and I guess it should be clear to all of us that everything is possible and that everyone has their own exit price, whether it's positive or negative.

It may seem that this month is important, but I would say that the next 8-10 months will be more or less problematic in the sense that we can expect new shocks in the cryptocurrency market. It is more than obvious that there is currently no great demand for Bitcoin, and the halving is still quite far away to create FOMO.

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[Jody.Drummer]

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.

Yes it is, if we wait for the price to be lower than now, will it really happen? the chances are very slim in my opinion. And even if the price came back lower would people say they would buy when the price was lower would they do what they said they would? i think no, they will come back saying the same thing.
There's no guarantee that prices will be any lower than they are now, so I agree it's better to be prepared than to wait for something uncertain. After all, if we are an investor who is prepared to hold for the long term then this is one of the best times to increase our portfolio size.
I don't want to be a datu of people who regret waiting for lower prices than now.

[OgNasty]

I agree.  If you've been sitting on the sidelines watching this market and waiting for a time to get in, this is it.  You should be dollar cost average buying into this market and if you're lucky you might get several months or even a year to accumulate before it jumps up and starts another run.  If history repeats, you'll be well rewarded, but you do have to take the risk.  You have to buy, buy regularly, and resist the temptation to trade.  The next halving isn't so far off that we could see a ton more falling and the market has been holding up well in spite of all the calamity and miners selling.  The next bubble is only about 900 days away.  Stay alive.  Hold on.

[JohnBitCo]

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

Yes, the price of bitcoin seems to have bottomed out and should not go lower than this but we never know the future. Even if the price goes to 12k to 14K (as most of people are predicting the ultimate bottom for this bear market), we should not panic. We can buy 75% of our portfolio at current prices and in case it goes lower we can buy the remaining 25% at those lower prices.

[GeorgeJohn]

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.

The best time to purchase cryptocurrency is directly when the price of Bitcoin is in the state of falling, but a process whereby the growth of Bitcoin is limited with such period, so i believe that it will directly be a larger opportunity for anyone who is investor to invest in cryptocurrency investment.

[milewilda]

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.

The best time to purchase cryptocurrency is directly when the price of Bitcoin is in the state of falling, but a process whereby the growth of Bitcoin is limited with such period, so i believe that it will directly be a larger opportunity for anyone who is investor to invest in cryptocurrency investment.

When it comes to buying then it would be particular be depending on someones risk management on which not all does have the same mindset and risk taking factor when it comes to certain conditions.
Some might be considering this current price to be a good entry point and some do still consider on waiting up for more dips since there are lots of talks about going below 10k which is something that
other people been eyeing on.For now its really that mind boggling specially on a price where it is really that consolidating or something that moving sideways.
If you do see that it is the right time to buy then go for it.Its your money then its your choice on what actions would be made out.

[Fundamentals Of]

It seems there are people who are still waiting for the price to go down to $10,000 for them to start buying. I cannot say they won't be able to buy anymore because the price won't touch $10,000, but I think it is much better for them to start dollar cost averaging at this point. At $17,000, Bitcoin is already cheap. They could set another buy order at $16,000 and then at $15,000 and so on until $10,000 is reached. But I highly doubt Bitcoin would fall to $10,000.

[Vinaa77]

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


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

How can we predict that the price will drop even lower, so we can wait for the right time? Maybe this is something that is difficult for us to know. If we look at the chart, of course the bullish and bearish processes are always in two directions at different times. Is it possible that the Bitcoin price will be under $15k or even lower than that?

[Yatsan]

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


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

How can we predict that the price will drop even lower, so we can wait for the right time? Maybe this is something that is difficult for us to know. If we look at the chart, of course the bullish and bearish processes are always in two directions at different times. Is it possible that the Bitcoin price will be under $15k or even lower than that?

Technical analysis would be the key but that's just speculation of the possible market peice direction. Look at the chat, it is based on year, OP is just trying to point out that there is a tendency for things to be like 2019 because of the volume at this moment. Maybe it is the quarter which makes sense for this graph. Last quarter of the year is believed to be where demand uprise but what we are seeing at the present is the opposite. Possibilities for a price lower than $15k? yes it is possible. As we can see, people are waiting for their 'price point' before they invest, with that, demand would be low as they wait.  So if you're in doubt, just hold and wait for clear signs before you make a move.

[philipma1957]

It seems there are people who are still waiting for the price to go down to $10,000 for them to start buying. I cannot say they won't be able to buy anymore because the price won't touch $10,000, but I think it is much better for them to start dollar cost averaging at this point. At $17,000, Bitcoin is already cheap. They could set another buy order at $16,000 and then at $15,000 and so on until $10,000 is reached. But I highly doubt Bitcoin would fall to $10,000.

My weekly dca started

 11/04     x
 11/11     x
 11/18     x
 11/25     x
 12/02     x

Nov 27 I grabbed 4x at 16.6k
Nov 21 I grabbed 4x at 15.9k
Nov 09 I grabbed 4x at 15.7k

So I got a lot of cheap corn in Nov

[fullhdpixel]

How can we predict that the price will drop even lower, so we can wait for the right time? Maybe this is something that is difficult for us to know. If we look at the chart, of course the bullish and bearish processes are always in two directions at different times. Is it possible that the Bitcoin price will be under $15k or even lower than that?

Predicting is easy. You can just say any price that you think will occur in a certain date. You can also look at the charts and base your prediction on the past movements of the price. You can also base your prediction on the news that you see but there is no such thing as the right time so don't ever wait for it. For your last question, I guess no. Below $15k can be harder to spot, now that we are already in December.

The price is also getting stable at $16k but I don't know maybe the price can resume to drop by next year. If you want to buy and you are planning to wait for it, I suggest buy something for now so that you will have something to sell in case an unexpected increase happens.

[Fundamentals Of]

It seems there are people who are still waiting for the price to go down to $10,000 for them to start buying. I cannot say they won't be able to buy anymore because the price won't touch $10,000, but I think it is much better for them to start dollar cost averaging at this point. At $17,000, Bitcoin is already cheap. They could set another buy order at $16,000 and then at $15,000 and so on until $10,000 is reached. But I highly doubt Bitcoin would fall to $10,000.

My weekly dca started

 11/04     x
 11/11     x
 11/18     x
 11/25     x
 12/02     x

Nov 27 I grabbed 4x at 16.6k
Nov 21 I grabbed 4x at 15.9k
Nov 09 I grabbed 4x at 15.7k

So I got a lot of cheap corn in Nov

This is the reason why I encourage those who waited very long for the price to reach $10,000 so they could start buying to just start the buying right now. Your weekly DCA is a good proof to them that instead of waiting for a highly uncertain event, Bitcoin at $10,000, it is better to just act now. With Bitcoin's price right now at $17,245.59, the corns you got in November at bargain prices are all in profit now.

DCA is the key in dealing with Bitcoin's volatility and unpredictability. It is much better to have bought at $17,000 even if the price fell to $15,000 shortly after than not being able to buy anything at all because the price never touched $10,000.

[Lubang Bawah]

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.

The best time to purchase cryptocurrency is directly when the price of Bitcoin is in the state of falling, but a process whereby the growth of Bitcoin is limited with such period, so i believe that it will directly be a larger opportunity for anyone who is investor to invest in cryptocurrency investment.

Many delay to buy because they think that the market still has the opportunity to fall, in my opinion this is a mistake because we lose the opportunity to profit when prices rise, as we know that even though the price falls but the opportunity for rising can occur daily so that we have to buy immediately Instead of waiting.

[SquallLeonhart]

Many delay to buy because they think that the market still has the opportunity to fall, in my opinion this is a mistake because we lose the opportunity to profit when prices rise, as we know that even though the price falls but the opportunity for rising can occur daily so that we have to buy immediately Instead of waiting.

When no one could predict the direction of bitcoin market, then that kind of mistakes are unavoidable. To overcome such mistakes, you must need to buy only 10% of your planned capital and reserve the rest for future falls. This is simple trick is being coined these days as Dollar-Cost-Averaging. Even you are an expert in technical analysis, it is highly suggested to go with DCA rather than committing a basic investment mistakes.

Right now, must be another great opportunity to buy bitcoin hence I do agree with OP to call the current bitcoin market situation as generational buying period because we may not ever get another chances to see bitcoin prices to be trading below $18 or $20k levels.

[CageMabok]

Many delay to buy because they think that the market still has the opportunity to fall, in my opinion this is a mistake because we lose the opportunity to profit when prices rise, as we know that even though the price falls but the opportunity for rising can occur daily so that we have to buy immediately Instead of waiting.

Everyone has their own opinion in the current conditions and this is also based on their own reasons for moving to buy or waiting. So there's no need to think of it as a mistake because maybe those who are waiting have already bought some crypto assets before so they don't have other money or extra money to buy again at the current conditions. And maybe they are also waiting for a price increase to occur in the market.

[Pierre 2]

I think we are definitely in safe buying corridor right now but I tend to wait more, like 6-10 weeks more. I think its the best if you can maximize your potential returns on Bitcoin buy buying at rock bottom. We aren't there yet in my opinion. Yet it is obvious we are in safe to make money period, some of my friends started to buy Bitcoin $100 a day. I am bit more worried than him personally so I keep waiting. I hope it won't make me regret my decision.

[michellee]

Many delay to buy because they think that the market still has the opportunity to fall, in my opinion this is a mistake because we lose the opportunity to profit when prices rise, as we know that even though the price falls but the opportunity for rising can occur daily so that we have to buy immediately Instead of waiting.

The longer they hold off on buying bitcoin at the current price, hoping it can go even lower, the more they miss that opportunity because we don't know what will happen next. We can only use every available opportunity to buy bitcoin and using DCA is highly recommended for now so we can buy it at a low price. If we don't buy at this time, we can be late to buy it later, especially if the price immediately increases without delay.

[Ziskinberg]

Many delay to buy because they think that the market still has the opportunity to fall, in my opinion this is a mistake because we lose the opportunity to profit when prices rise, as we know that even though the price falls but the opportunity for rising can occur daily so that we have to buy immediately Instead of waiting.

Everyone has their own opinion in the current conditions and this is also based on their own reasons for moving to buy or waiting. So there's no need to think of it as a mistake because maybe those who are waiting have already bought some crypto assets before so they don't have other money or extra money to buy again at the current conditions. And maybe they are also waiting for a price increase to occur in the market.

That might be the case and we can't urge everyone to continue buying or even buy every correction if their bag is full already or nothing to risk. It is sometimes we need to listen to the market movement as not all major corrections are good to buy.
For example, I allocate $10,000 for investment and it was already used up, even if the price will drop more I couldn't do buying anymore and the only thing I do is wait for the market to recover. Well, in the investment we should be practical...and we should stick into the limitation.

[STT]

I wouldnt plan to buy now without also planning to buy in future, expecting or chasing the bottom price is probably not the best behaviour and can end with people giving up just before it does finally turn.    Its possible all of us but especially some of us act irrationally at both market peaks but also market lows too and so we go too far in extremes in both cases.   Price has to drop in some cases in order to service demand, that idea and requirement is more important then people being happy personally about whatever balance sheet they are operating.
   Im just glad if BTC continues along its path even if it seems a tortoise  pace rather then the hare sprint some had expected.   I dont have any belief in new highs for 2023, endurance is best policy (maybe also BTC's best feature) imo so buy every year and plan for that I think best.