Bottom of the Bear Market...let's accumulate!!

[slapper]

Quite optimistic you are. But that is a good sign for a bitcoin supporter. As a veteran trader, I have not collected any bitcoin yet. I believe there will be another wave in which I can collect even cheap bitcoins. Below $15000 is my target. I will try to accumulate 1 bitcoin in this price (with or without DCA)

If I still have money, I will choose some potential altcoins for even greater profit. But right now there is no time for me to do research. Very busy studying and working. I strongly recommend people learn and earn or do whatever is useful for themselves instead of looking at the chart too much. Right now is the best time to accumulate not just bitcoin, but education, too

[ultrloa]

I'm still trying to collect more bitcoins until now.
I want to keep collecting it until the price starts increasing to at least $30k and then I'm going to stop and look at the situation again.
We also have to see how long we can continue to buy bitcoins because we also have to look at our situation and financial condition.
And remember never to use money you can't afford to lose because that is the basics of investing.

Good decision to accumulate since we can see more better figures if we base on past data's where it shows that bitcoin will always go pump up when something like halving events will nearly came. But let see if us accumulators on bear market season will be lucky if there is a bull run came. But if not still fine at least we try our luck to gain by spending some time waiting for halving miracle.

[Nrcewker]

Who is accumulating and how much are you hoping to add to your stash this year?

I guess many of us continuously buying the Bitcoins throughout this bear market. I myself have been purchasing Bitcoins every month, no matter what’s the price of Bitcoins in that current month. I know Bitcoins are way more valuable that it’s currently, so my current motive is to buy as many Bitcoins as I can in this bear market. Now once the price rises, I will sell these at very high price. I am very much sure that, I am not only the one who is doing this, many other people have also gathered many Bitcoins during this bear market and are waiting for the golden period of Bitcoins.

[Dave1]

Who is accumulating and how much are you hoping to add to your stash this year?

Wow, you have a deep pocket I must say, I wanted to stash 1 BTC but I doubt that I can get it before the eventual bull run. I'm also doing DCA, but still depend on my capital that week or that month. But I'm still doing it slowly, as much as I can, or shall we can, invest what you can afford to lose. So for me probably a good .25-.3 BTC might be a good start for me this 2023 and up until the halving and maybe I will continue till 2025 and see how far can I go and hopefully was able to get that goal or even higher.

[el kaka22]

We should but many won't, and they are really the people who shouldn't even be here. Crypto is a volatile thing and sometimes you win and sometimes you lose, there is nothing wrong with that, I do not think that we should be focusing on making money at this point and we should instead try to have as much bitcoin as possible which is accumulation basically. If we could do that then we are going to end up "being ready" for when the time comes and the price goes up.

I know it requires you to spend money now and not have any results at all for a long time which is upsetting to see, but people who bought at 2018 made a killing in 2021, that's 3 years of waiting and yet they recovered and got richer.

[mk4]

We just had like 10 days of up market then suddenly people are this bullish already. Probably calm down a bit with the over-bullishness lmao.

Imo, OP is being bullish at the right time. There is a bullish divergence on weekly, we can pump to 20k+ in just one good trading week. Also, I saw overly positive funding on bybit a few days ago (at 16.5k) which was quite surprising but maybe that was the secret smart market makers accumulating serious longs at the bottom since the price only went up after that. There is something cooking inside for sure.
Ref: https://i.imgur.com/yMKijkS.jpg

I mean, I feel slightly more bullish than normal as well, but I'm still very skeptical. On the other hand, over optimism can end very badly when making decisions off being overly bullish.

[doomloop]

Who is accumulating and how much are you hoping to add to your stash this year?

Wow, you have a deep pocket I must say, I wanted to stash 1 BTC but I doubt that I can get it before the eventual bull run. I'm also doing DCA, but still depend on my capital that week or that month. But I'm still doing it slowly, as much as I can, or shall we can, invest what you can afford to lose. So for me probably a good .25-.3 BTC might be a good start for me this 2023 and up until the halving and maybe I will continue till 2025 and see how far can I go and hopefully was able to get that goal or even higher.

Indeed. He is buying in great quantities especially last year when BTC value is much higher than what we have now and he said that he is just DCA'ing but usually, those amounts are already good for those who buy rarely. Maybe this guy is one of those above average retail investors.

What we can do is to only predict and based our prediction in the past performance of the coins but it may not always be followed so don't lose hope on what you are planning. Maybe the bull run can be delayed again and you will have a chance to accumulate one bitcoin before it comes. Just don't focus beyond your first goal but focus on finishing it first before setting a new record again.

[$crypto$]

I'm still trying to collect more bitcoins until now.
I want to keep collecting it until the price starts increasing to at least $30k and then I'm going to stop and look at the situation again.
We also have to see how long we can continue to buy bitcoins because we also have to look at our situation and financial condition.
And remember never to use money you can't afford to lose because that is the basics of investing.

I think we have to take advantage of the opportunity at a price that is still rock bottom so we don't regret it after bitcoin is back in recovery and collecting bitcoins until the price is $ 30k at least it's still good we look like we still have a lot of time to continue to get below $ 30k.
We have to have a purchase target and also a sales target because seeing this situation we have to pay attention to taking advantage of it.
Cold money that must be prepared to invest in bitcoin.

[GeorgeJohn]

Actually everyone is expecting Bitcoin to experience a little change since we have entered into 2023, but that is not the exact measure we are emphasising on. We should know that before now Bitcoin have it way of surviving and before it increment the thing that will happen before the bearish will be corrected should be a positive information of Bitcoin concerning adoption of a vital companies or a potential person who have influence. But a situation whereby a such information has not be carried out this year we shall continue to experience bearish market, and it's obvious that another determination of it's increment is dependable by the demands and supplies

[hatshepsut93]

Regardless if it's the bottom or not, now is a good price to buy. Those who try to find the absolute bottom or top are often missing even good opportunities and end up with lower profits (if any) then if they tried to simply make a good trade.

We can assume with a great confidence that if the market cycle pattern holds, the price will be much higher than it is now somewhere in 2024 or early 2025. This should be a reason enough to accumulate today.

[OgNasty]

You can count me in on the DCA club. I’ve been buying consistently for several months now and have no plan to stop anytime soon. I think buying under $20K is going to be looked back at as the best opportunity since $3K. Looking back there will likely be a lot of people who say it was obvious that this was the bottom, but not as many that can say they bought and took advantage. Be an advantage taker.

[Kemarit]

You can count me in on the DCA club. I’ve been buying consistently for several months now and have no plan to stop anytime soon. I think buying under $20K is going to be looked back at as the best opportunity since $3K. Looking back there will likely be a lot of people who say it was obvious that this was the bottom, but not as many that can say they bought and took advantage. Be an advantage taker.

Yes, this is like $3,000 for us last March 2020 in the middle of the bear market and also with the pandemic scare around. Now we have the FTX collapse pushing the price to $15,000 and if we are continuing to accumulate till now, then it's a good win already.

And I do agree, regardless if we are in the bear market, or maybe hitting the lowest already, still great opportunity, as the price is in the consolidation phase. Others might feel not comfortable, but we should take advantage and we should do it till the block halving and then see how far the price will go in the next bull run (prediction is $100,000 minimum).

[AakZaki]

If your target is 1 BTC then you need to do DCA targeting every lowest price, you can do it now and this year might be the last chance to get cheap before the halving happens. The average purchase you make at $ 24k is certainly not too bad, you just need to do DCA so that the average purchase you make will get smaller.
I myself still collect about 0.3 BTC and this will continue to increase every time there is a drastic decline.

[Lucius]

~snip~
For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

It may be the last moment for those who have been undecided until now, but only when it comes to the next big bull run. If we assume that he will take us to at least $100k and that after that a new correction of 70-80% will follow, then in 2+ years we can expect that the price will be maybe only 20-30% higher than today.

For those who go slowly using the DCA method and want to have 1 BTC one day, it has been a big challenge in the last 5 years and can really last for years. Some members have shared such experiences over the years, but I think that for most it is still too much of a challenge, especially to keep what they bought when the price is too tempting to sell.

[Reid]

We have the same timeframe at the value on where we bought it. I am somewhere near 25 or 26. I don't regret it now. Same as you also, I want to add more but I am having trouble to get some funds and I don't like selling at a losing rate. That's just a stupid decision and I don't want to remember it the whole year if I am mistaken.
But, if I do have the funds and this economy gets better, I won't doubt about accumulating more. This could be the last chance we will see Bitcoin at its cheapest. I always like to think it that way because there's a big chance it is.

[Eternad]

What about the inflation and recession? Do you already forget the bigger problem than the crypto company collapse. This problem start everything last year while these collapse company is the result of the downtrend pressure made by the inflation. I believe these company will not gonna collapse if inflation never hits timing with the bear market since they will have steady flow of profit from crypto investment when crypto price is on the positive price.

It's not bad to start buying now but just make sure to don't all in. I really like the DCA suggestion but I don't see any positive news that will continue this temporary rally.

[mk4]

What about the inflation and recession? Do you already forget the bigger problem than the crypto company collapse. This problem start everything last year while these collapse company is the result of the downtrend pressure made by the inflation. I believe these company will not gonna collapse if inflation never hits timing with the bear market since they will have steady flow of profit from crypto investment when crypto price is on the positive price.

It's not bad to start buying now but just make sure to don't all in. I really like the DCA suggestion but I don't see any positive news that will continue this temporary rally.

These companies didn't really collapse because of inflation — they collapsed because of being atrociously careless and being over-leveraged; at least if you're referring to FTX and the other companies that have been affected by FTX.

[Fesatmas]

Regardless if it's the bottom or not, now is a good price to buy. Those who try to find the absolute bottom or top are often missing even good opportunities and end up with lower profits (if any) then if they tried to simply make a good trade.

We can assume with a great confidence that if the market cycle pattern holds, the price will be much higher than it is now somewhere in 2024 or early 2025. This should be a reason enough to accumulate today.

But most people are too focused on questioning what is the lowest price of bitcoin, even though, no one can definitely say what is the lowest price of bitcoin. Instead of asking questions that won't get a definitive answer, they should use the current bitcoin price to buy.
I hope that many will take advantage of this opportunity by increasing the number of bitcoins in their portfolios, so that later we can enjoy the surge in bitcoin prices together without anyone missing out.

[Dr.Bitcoin_Strange]

Who is accumulating and how much are you hoping to add to your stash this year?

Last year, I never had up to 0.5 bitcoin like you, but I was a bit close. I never thought it was even going to be that easy to accumulate what I did last year. You have also had a good start this year with 0.1; if it is true that the button is almost up, then it is better to start DCA'ng on time. But perhaps, I thought 🤔💭 some speculation surggested that Bitcoin could possibly drop to $14,000. About that, I have set my target this year for at least 2 bitcoin.

[GreatArkansas]

(.........)
Who is accumulating and how much are you hoping to add to your stash this year?

This year is the biggest year for me to accumulate more Bitcoin, because of a lot of reasons just like the upcoming Bitcoin block halving is next year.
I'm doubling or more on what I have right now of my current cryptocurrency portfolio that I started to accumulate in 2018. The goal is to accumulate more Bitcoin for long term.