Bitcoin bottom prediction?

[JamesDaniel90]

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

[electronicash]

the tone of Jerome Pal had changed a bit in his recent press. maybe we'll see a rise of BTC price this Dec right after his next report. we don't know yet if there will be something of a next blow to the market. so you could be right if by January, Genesis will fall.

one trend we see today is that Apple is attacking coinbase for 30% tax cut. who knows what Samsung or Huawei will chase. something has to break before it could plunge to $12k but it will not go back up right away. just keep DCAing with the extra money you have.

[348Judah]

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I will advise to continue with DCA for now because this is the only recommended strategy to take during this period when the bitcoin price is dip, this will alo help you to avoid massive loss on your investment at a glance, then try to engage more on proper research and study the chart very well using previous years in comparison, speculate the orice and take note very closely the weekly candle and target your buy, with this method together with DCA i think you're fine to an extent.

[crunck]

No one can give you exact answer, bitcoin price prediction is impossible. If you really believe in bitcoin and believe bitcoin will rise again in future then continue DCA don't worry too much about bitcoin bottom. If you want to wait for the lowest price, sometimes you will miss the opportunity to own cheap bitcoin because bitcoin can rise again at any time. Go ahead DCA is the best solution.

[Ojima-ojo]

Buying Bitcoin at this time is the best since the price of Bitcoin is low, but one statement I don't feel comfortable with in this thread is the fact that you always refer to Bitcoin price fall as crashed am sure we are all expecting a rise in the price of Bitcoin but when that will be is what we cant speculate and choosing to buy Bitcoin steadily will grant you the chance to.take advantage if the price fall further and also minimize the risk of losing money when price fall more.

It will take another big negative blow on the entire stock to force bitcoin price to fall further to 12k, I believe Bitcoin is trying to cling to a 17k price at the moment and which direction the market will head next.

[Wapfika]

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

0.07BTC is already fair amount assuming Bitcoin will hit new ATH or the old peak around 65K because that will you already x4 of your initial investment that currently around 1100$. There’s no guarantee that price will that much because the only way for Bitcoin to suffer that huge price loss is when there’s a serious negative events on crypto that involves money loss in huge amount.

DCA on many price point using smaller amount is better to have an average investment. The price swing of Bitcoin is too often while DCA on longer time frames will miss this good opportunity to enter. I suggest that you should DCA many times if you have a stable source of income. Any Bitcoin the purchased below ATH is considered as discounted price.

[LogitechMouse]

Where can I buy crystal ball? A crystal ball where it can show an accurate scenario of what will happen into the crypto market? Can anybody sell it to me.

Bitcoin bottom prediction? Maybe the bottom that we saw when FTX did the biggest ponzi scheme in the whole crypto might be the bottom and we might see Bitcoin go up starting from now. Papa Powell decreased the increase of federal funds rate from 75 basis points to now 50 basis points and that might be a good sign. $12,000 is still possible knowing that we are still in a bear market but highly unlikely for me. DCA is still the best thing to do, and it's proven already that it can give you profit in the long term.

[Jating]

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I think that is a lot already, as you have said, maybe in the next bull run we might see the price hitting 6 digits easy, so that will be x amount or profits already for you with that 0.07 BTC of yours.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

Doesn't matter if we still have more crash in the future, what's important is that you continue to do DCA, accumulate and stack sats.

You also need to have a lot of mental toughness, for sure buying and then holding for the next 2-3 years might bring issues to some of us. But if you can get away with it and learn to be resilient and look for the longer term, then it will be worth when you see your portfolio growing. So just continue what you do and you will be good.

[$crypto$]

By holding 0.07 it is quite successful for you and just hold on to what you hold until the price goes back up or wait for ATH again this maybe a few years like many people expect.
Don't make unclear decisions, $12,000 price is still uncertain whereas if you do DCA every week it will continue to add to the accumulated bitcoins later so it's better to do DCA again while it's still low at $16.9k be consistent with that journey because we don't know for sure how low the price of bitcoin will be.

[ajiz138]

DCA strategy is a good advice to keep earning bitcoins by buying every week you can't stop because you want to buy below $12,000 that's an unclear price even an expert can't guess this number right, so don't think about other news that can influence you, for me to continue DCA is the best strategy during the current low price moreover you have held 0.07btc that's a good achievement with bitcoins that have been invested in DCA strategy.

No, Bitcoin will not crash even worse this is already a bad sign after the FTX crash so the market is affected due to a lot of selling to the market so the negative news is still going on about the FTX bankruptcy it will pass soon and bitcoin can survive as low as $15,000 that's a prediction I myself.
But I am more focused on DCA which will continue to buy all the time no matter if it crashes again with $12,000 I will do DCA non-stop while I can.

[BigBos]

This year has been the worst year for me and my friends because the price of Bitcoin fell so deeply that it touched its strongest support line at the end of 2020.


glassnode

If we look at the historical decline of Bitcoin, the pattern of price decline is almost the same as in 2015 and the end of 2018, meaning that it has reached the limit of the market cut and is the lowest in the current bearish market and therefore this is an opportunity to increase accumulation at low prices.

Yes, indeed there are several signals indicating that a crash will occur but there has been no confirmation. Let's hope this doesn't happen and it turns into a Bull Run.
I think continuing DCA is better because we realize that no matter how good the prediction is, it's just an opinion, it doesn't mean we already know what will happen next.

[adaseb]

Don't post publicy how much bitcoins you own. Whether its very little or not. You can easily become a target.

Like others in this thread. Nobody knows how low it will go. Will it go to $12K? Who knows. You are better off buying little by little weekly and you get a good average in. If you wait for $12K and it never comes, then you will miss the train.

If you buy little by little you will get a decent average at least.

[Furious 7]

We can't really be sure that bitcoin is still going to fall or go straight up at this point even though we have our own research and we also don't know where the bottom price for bitcoin is not because we are having a hard time making it seem like they will be in the lower numbers. we think.
I think DCA is a good thing to do instead of having to wait, which is still uncertain.
DCA is the best solution in my opinion and I'm also still doing that since a few months ago.

[BitcoinBarrel]

I predicted 15k in October:
https://bitcointalk.org/index.php?topic=5417271.0

Bitcoin was at $19k then

[nara1892]

Don't take steps to replace the steps you have taken by using the DCA strategy, that will be a step that I think will hurt you. No one can predict exactly where bitcoin will go. If you're wondering if bitcoin will ever drop back down and break the 12k mark, my answer is that maybe, but there's no guarantee about that.
I suggest that you stick with your current strategy and not try anything you're not sure about. You have carried out the right strategy, and now I am also implementing the same strategy, namely by doing DCA.

[ayesha201009]

there is only one valid suggestion.
invest what you can lose and that you don't need in the short to medium term.
we don't know if bitcoin will have a rise like the one we've seen in past years, we don't know when it will happen.

it's not a trivial thing, I'm telling you because I've been following this sector from many years

[ginsan]

I agree with what @adaseb mentioned where you shouldn't mention the amount of btc that you have bought because this is a bad thing because we don't know the intentions of certain people who want to target us. for that reason I believe you will read every review post in this thread. but I believe you definitely apply the dca system in collecting Btc at a certain price and I hope you have the desire to hold it in the long term. We have bottomed out for the year and if you are patient enough to invest long term I trust you you will get a big ROI down the road.

We must learn from people who have achieved great success in investing in BTC where they are able to hold back their emotions not to sell at low prices, which at the previous ATH they were able to become billionaires and that has become history for us to follow in the upcoming ATH  .

[South Park]

I started investing in Bitcoin after the June crash this year and have been buying weekly since.

I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?

I think you should do both, you need to keep performing a DCA strategy as you cannot stop taking advantage of the good price we are seeing these days, however you needed to also keep some money in reserve in the case the price of bitcoin sufffers another crash and you want to buy the dip, probably the most difficult part of this strategy is to have the money available to perform both strategies at the same time, however if you really want to increase your holdings I think this is the best path to do so.

[harizen]

I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.

No one knows what will be the result until you try.

If you think what's the best strategy to apply, you should do it without hesitation. Besides, both options are considered good to do at this point unless you are really looking forward seriously and expecting aggressively that prices will be much lower.

I think we will have one more crash personally to $12,000 before we start steadily going up again.

Difficult to imagine that price will crash to $12,000. The possible reason for another crash should be a "big thing" to consider before it can trigger the pull. However, there's nothing wrong if that's what you think since everyone has their own factors in forming an analysis.

Conclusion: Follow your own analysis whether properly and technically analyzed or just a product of your instinct based on your own factors.

[Sterbens]

If you only focus on the lowest point where the bitcoin price will fall, then you will never get it. After all, the strategy you are doing right now is a highly recommended strategy. Many people predict the lowest point, but that still can't guarantee that the prediction is correct. Instead of having to continue to predict without any definite action, it is better to continue to be consistent with what you are doing now.
How many people regret because they continue to analyze without taking any action.