Accumulation phase is out!?

[romero121]

It is possible to make comparison with the previous market movements and make predictions. We can't be sure that the market will have exact outcome as the past. On such a note, it is really hard to predict the low bottom. For users to take entry it is good to go with DCA. Rather than waiting for the low bottom investing at the ongoing market could help us to be on the safer side than missing opportunities with unexpected market reversal.

[Strongkored]

I say this phase has already begun. So, what do you guys have to say?

Not sure if this is already a botton or there will be another bottom, all I know is that Bitcoin will bounce back after it hits its low so holders shouldn't worry too much, and keep accumulating as much as they can because this low price is only a moment in price going back to $20,000 or more.

[worle1bm]

If you are actually looking to accumulate then you can't say that phase is out with these little pumps and now we are still at $15k so this is best price at this time for investors but few months back even $20k seems too low and good opportunity.So it all depends on time and those who want to invest in long term they will be in profit at $30k or above also so don't overthink about these chart pattern.

[Plaguedeath]

BTC is probably going to 13K, then 9K and so on.

Maybe, the bright side I will keep accumulating Bitcoin regardless the price until Bitcoin price hit $50,000 again! It's pointless if you wait Bitcoin price to hit 13K, 9K or the exact price that you think the lowest that Bitcoin would hit, because you might not buy the bottom since you're only waiting!

Accumulating phase is still going, I wouldn't stop to accumulate Bitcoin since the price is really cheap. I've regret myself didn't bought Bitcoin at $3K when pandemic was happen and everyone are panic.

[Ryker1]

If you are actually looking to accumulate then you can't say that phase is out with these little pumps and now we are still at $15k so this is best price at this time for investors but few months back even $20k seems too low and good opportunity.So it all depends on time and those who want to invest in long term they will be in profit at $30k or above also so don't overthink about these chart pattern.

Well you pointed it out --there is no phase-out on bitcoin, considering it is good for now to accumulate while bitcoin is very cheap in the market. I have been confused before about what is buying through DCA but now I have learned what it is and it good to start using this strategy. Perhaps --many new investors of crypto did not know this while others a grabbing the opportunity to take advantage of the market condition, if you believed in bitcoin you did not hesitate to put your money as an investment.

[tvplus006]

...I've regret myself didn't bought Bitcoin at $3K when pandemic was happen and everyone are panic.

Do not regret it, perhaps the market will give you such an opportunity again. We can continuously look at charts, on the basis of which we can make our assumptions about the further price movement, but in the end we understand that the market is irrational.

[lixer]

...I've regret myself didn't bought Bitcoin at $3K when pandemic was happen and everyone are panic.

Do not regret it, perhaps the market will give you such an opportunity again. We can continuously look at charts, on the basis of which we can make our assumptions about the further price movement, but in the end we understand that the market is irrational.

It can be true because there will always be bear cycles right after the bull cycle is finished but we are not sure if the same price are going to be achieved again but I think seeing that $3k drop is hard knowing that the adoption rate is also rising time after time and people are getting smarter day by the day. They won't repeat the same mistake that they did in the past which is selling when the market is in bad condition but they will only buy more coins.

We know what can happen when this was practiced. Right, no more further dumps are going to be recorded but only just a recovery and an increase. We need to move on, we buy at a not-so-low price and think about how high btc can go instead.

[teosanru]

We have entered the second year of a Bear Market. The market moment we're in has found its support at the peak of 2017's Bull market.

There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum.

Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase.

I say this phase has already begun. So, what do you guys have to say?

Yes it has started for sure. And it has started a lot before than this month i feel it started in June/ July only when market dumper towards under 30k. I feel this is going to last for 1 more year before we move towards a bullish phase. But at the same time I don't think we are at the final bottom i think after this accumulation phase we might have another final bottom which would act like a trampoline towards the new highs.

[Coyster]

Accumulating phase is still going, I wouldn't stop to accumulate Bitcoin since the price is really cheap. I've regret myself didn't bought Bitcoin at $3K when pandemic was happen and everyone are panic.

Well of course, i for one consider every phase as being fit for accumulation, it only depends on the kind of investor one is, if you are a long term investor that's not going to be scared when there is a correction phase or a big plunge, then accumulating whenever you want through DCA is good enough. Having said that, do not regret anything, it is what it is, if you didn't buy at a particular time, then you didn't, it is not coming back, and there would be quite a lot of opportunities to buy in the future, it is now up to you to take them, but from what i know many people complain of missed opportunities when one is staring them in the face and they are about to miss it, and complain about missing it later.

[blockman]

If you are actually looking to accumulate then you can't say that phase is out with these little pumps and now we are still at $15k so this is best price at this time for investors but few months back even $20k seems too low and good opportunity.So it all depends on time and those who want to invest in long term they will be in profit at $30k or above also so don't overthink about these chart pattern.

They just have to take this example that when people have been accumulating at the rate of $30k-$40k, we've told that it's the best time to buy because it's the lowest that we've seen at that time.
Now, we're also going to say the same thing and while those investors have bought at those prices, they have to look at that point that they're looking to bitcoin at its another lowest point of its price.
If people have been keen buying by x2-x3 from the current price, they should get themselves out and start buying when it's visible and low compared before.

[tvplus006]

They just have to take this example that when people have been accumulating at the rate of $30k-$40k, we've told that it's the best time to buy because it's the lowest that we've seen at that time...

I wrote earlier that it is necessary to wait for confirmation of the reversal, and not buy every time the price reaches the next support level. In this case, we cannot get the minimum purchase price, but we are guaranteed to buy when the market begins its bullish cycle. Currently, I also believe that the bear market is not over yet, but you can start buying coins using DCA.

[Franctoshi]

The market moment we're in has found its support at the peak of 2017's Bull market.

There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum.
Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase.
I say this phase has already begun. So, what do you guys have to say?

This accumulation phase might be the biggest one we've got so far, because I do think we still have a bit more leg down side to go from here which will extend till 2023, looking at the Fundamentals of Bitcoin right now no changes yet, The Fed is still raising interest rate and rolling off its balancsheet and the market is taking a hit , Therefore we need to see the fundamental holders of Bitcoin to start getting stronger and stronger again , that will be the start of a new bull market from my perspective.

[Xinarae*]

The market moment we're in has found its support at the peak of 2017's Bull market.

There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum.
Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase.
I say this phase has already begun. So, what do you guys have to say?

This accumulation phase might be the biggest one we've got so far, because I do think we still have a bit more leg down side to go from here which will extend till 2023, looking at the Fundamentals of Bitcoin right now no changes yet, The Fed is still raising interest rate and rolling off its balancsheet and the market is taking a hit , Therefore we need to see the fundamental holders of Bitcoin to start getting stronger and stronger again , that will be the start of a new bull market from my perspective.

Agree with you, Bitcoin price growth will not be the same as in 2017, I think Bitcoin will move again in a new way. At the moment, many people are (Bitcoin)saying that you will have time until March 2023 to organize everything. If you want, you can save Bitcoin by following several steps. Although there are several steps to follow and you need to decide how you will build your savings, following a few steps will definitely increase your savings.

[justdimin]

If you are actually looking to accumulate then you can't say that phase is out with these little pumps and now we are still at $15k so this is best price at this time for investors but few months back even $20k seems too low and good opportunity.So it all depends on time and those who want to invest in long term they will be in profit at $30k or above also so don't overthink about these chart pattern.

They just have to take this example that when people have been accumulating at the rate of $30k-$40k, we've told that it's the best time to buy because it's the lowest that we've seen at that time.
Now, we're also going to say the same thing and while those investors have bought at those prices, they have to look at that point that they're looking to bitcoin at its another lowest point of its price.
If people have been keen buying by x2-x3 from the current price, they should get themselves out and start buying when it's visible and low compared before.

I would guess that it was not a "bad" advice at the time, and the fact is that accumulation is something you do constantly, which means that you could have bought at 30-40k but then bought at 20-30k and now at 16k and keep doing that. It means the idea is not to just find the bottom and buy many there, the idea is to buy as many as you can when you have some money to invest, and do it instantly so that you have more bitcoins.

As long as you keep doing that, eventually you will be in a huge profit and that will be great for you. I am not saying it is going to hurt you or help you, but it will definitely allow you to make a profit in the very long run.

[Captain Corporate]

I agree, investing at the current stage is obviously amazing, but if you got in at 68k then investing at 40k wasn't bad either, and investing at 30k wasn't that bad at all. I mean that's not even a %50 loss, which means a simple x2 would make you profit right away and in the crypto world x2 is nothing, it could be done within a day. I know we haven't seen that in a while and people already forgot it, but the last bull run was about x15, just try to imagine what would be if we had x15 right now from this price, about 240k dollars per bitcoin. I am not saying this will be what the next bull is, but that's viable and quite possible at the same time.

[QueenVera]

If you are actually looking to accumulate then you can't say that phase is out with these little pumps and now we are still at $15k so this is best price at this time for investors but few months back even $20k seems too low and good opportunity.So it all depends on time and those who want to invest in long term they will be in profit at $30k or above also so don't overthink about these chart pattern.

This is the reason it's best we DCA when buying Bitcoin instead of putting all our money in at one buy. Those who had bought when Bitcoin when it was trading at $20k would be regretting now because they would had gotten a better deal buying at the price it's trading at now. I don't think the accumulating stage is out as well.
We still have opportunity to DCA at this price and if it falls further then we buy more. Also a long term target should be $69k as that was Bitcoin previous all time high. Selling it at a price lower than the previous all time high is the sellers lost as Bitcoin is going to be trading above that immediately the bull market starts.
Anyone buying Bitcoin now should be looking at taking profit in 2025 as by then the Bitcoin halving would had been completed in 2024 and the price will be pumping due to not enough Bitcoin been available for the demand Bitcoin will be having as more adoption comes to the industry.

[ethereumhunter]

It could be that this phase has started but I'm still not sure because bitcoin's movement is not too significant and tends to be in a sideways direction. Maybe the selling pressure is over and the investors have been doing DCA for a while and now is the time for the bulls to come back into the market. But will that make the price immediately jump to a higher price? I don't think it is certain because there is still a possibility that the bitcoin price will drop to a low price again. But whatever it is, I'm still trying to follow the bitcoin price journey and whatever happens, I'm ready

[Ultegra134]

I had "predicted" that Bitcoin was capable of crashing down to $15,000 levels a few weeks ago. We're not that far off the mark. Honestly, I believe that we've reached the bottom; even if we haven't, I doubt that it'll lose too much value from now on. As others have already mentioned, this bear market does look quite similar to 2018's bearish period. I didn't survive the whole bear market in 2018, but both periods share a few similarities. We're now slowly entering the second year of the bear market, which, in my opinion, is bound to last at least one or even two more years.

Accumulating Bitcoin now is essential and way more affordable than it was a few months ago, especially after it plummeted below $20,000. Let's see who survives without selling until the bullish period.

[LUCKMCFLY]

I see it from the point of view that we are in a re-accumulation operation and that we must know how to interpret it, for me the price of Bitcoin will always be upwards, but according to the fundamentals of this world they have caused the price to fall, it is something normal, if there are rumors of wars and if there are attacks from one country to another it is obvious that investors will panic and stop buying and selling, it is normal, despite the fact that many market processes are given by bots and by elements of technology achieved, the owners of money are human, and nothing else for that, the fact of feeling emotions and panic makes the market move.

[GeorgeJohn]

BTC is probably going to 13K, then 9K and so on.

Don't put fear on yourself because there's law that stipulate that whatever that goes up most surely go down, what i believe is that cryptocurrency and especially bitcoin still have long way to go, the price of Bitcoin falling daily doesn't mean that Bitcoin will not go up again, despite that the experience we had in bitcoin price now is different from the other years experience of Bitcoin decrement, but it's obvious that price Bitcoin shall accelerate to a good point.