Is buying BTC now, the best option ???

[Bitcoin2009]

Today bitcoin drop more than 3% and many people believe if the market will continue to drop, it's better to wait another 2 or 3 days, i believe the price will still drop below $24k and then that's a good time to buy, of course we don't panic if you have bought it because we can get a big profit opportunity if we hold it long term.

[19Nov16]

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

[Pierre 2]

I think any level around and even below 25000 dollars for bitcoin is cheap as dirt. I think bitcoin will be at least more than 50000, even 80-90000 next year so these levels are really cheap. I keep accumulating some amount of bitcoin every month with my wage. But I don't do high amount of buy orders yet. I feel like summer is not exactly best time to buy bitcoin. My experiences clearly show me that autumn time can be very very good. I am expecting small rally there in next autumn so we can hit like %20 rather easily. So its good time to save money now, wait for good discounts on bitcoin and sell around autumn peak level.

[lunnatic]

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

In my opinion, don't be too hasty to buy Bitcoin now, because the bearish is still strong and a dump can also happen again,
indeed you suggested buy on $ 25.7 but for me the price still has the potential to fall again below $ 25k,
so it's better to just accumulate it at the $ 20 level k to $28k.

[dragonvslinux]

I think any level around and even below 25000 dollars for bitcoin is cheap as dirt. I think bitcoin will be at least more than 50000, even 80-90000 next year so these levels are really cheap.

At current price around $25.9K, it is exactly a 4-year average price, so for sure it can be considered dirt cheap - even if price did previously go lower and could do so again.

Ignoring any shorter-term bearish outlook for Bitcoin, such as re-testing $23K accumulation zone or even $20K again, the fact that price is at or below a 4-year average makes it a good/fair price regardless imo. For anyone who wished they had dollar cost averaged for the past 4 years into the Bitcoin, there is the clear opportunity to "catch up" and do so in one go. Likewise for anyone who wished they had done DCA for 5 years since 2018 when price was around $6K, which a lot of people wished they had, then that price is currently at $21.8K and the opportunity for such an average price may not be available again.

I also think many have sensibly been doing DCA for a while now anyway with price range-bound for over a year now, so there is less need for lump sum investing, unless price goes up/down significantly again.

[imamusma]

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In my opinion, don't be too hasty to buy Bitcoin now, because the bearish is still strong and a dump can also happen again,
indeed you suggested buy on $ 25.7 but for me the price still has the potential to fall again below $ 25k,
so it's better to just accumulate it at the $ 20 level k to $28k.

It all really depends on how strong your investment budget is. If you have an investment budget of tens of thousands of dollars, then of course you can wait for a further dip in your accumulation plan, but you can also do DCA. But if you only have $100 as an investment budget, then what's the point of waiting?

Buying now at $25.8k for $100 might make more sense if you manage well. You can still buy it at lower price in the future if you have the budget, but only if the bitcoin price can drop lower. In fact in the last few days buying at $25.8k can also be profitable for traders, but of course only if you have a big budget.

[fzkto]

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

Before the halving, the price could drop to the previous bottom. It's still almost a year away and anything can happen during that time. 30k is the resistance that bitcoin failed to break, after which the correction started. So for more than half a year anyone had an opportunity to buy below 30k as you said. There's a lot of uncertainty in the market right now because of America. If it wasn't for that, your words would probably be true.

[Vinaa77]

Today bitcoin drop more than 3% and many people believe if the market will continue to drop, it's better to wait another 2 or 3 days, i believe the price will still drop below $24k and then that's a good time to buy, of course we don't panic if you have bought it because we can get a big profit opportunity if we hold it long term.

If targeting the same number for the long term there is actually no problem buying now when the descent rate is still a low percentage, and if you want to accumulate more we justify waiting for the price to be lower than the current price, but your prediction will be correct Bitcoin will continue to fall again.

[Davian144]

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

The prediction of who you say this is? I'm not even really thinking about halving for 2024 because right now the problems that exist with exchanges like Binance are the reason that the price of Bitcoin isn't going to increase sharply in the near future. Especially if you say next week the price of Bitcoin will be $30K which is still not very certain if there are still problems in the big exchanges and some smart people and those who often predict the market must have read about this news in the past few days, but I also don't know if you have read any news in recent days related to Binance.

In my opinion, don't be too hasty to buy Bitcoin now, because the bearish is still strong and a dump can also happen again,
indeed you suggested buy on $ 25.7 but for me the price still has the potential to fall again below $ 25k,
so it's better to just accumulate it at the $ 20 level k to $28k.

The impression is indeed too hasty and even the certainty is also very small, because considering the problems that exist with Binance have not been resolved until now so the fear and panic on the part of traders is still very large. Actually I also hope that a price increase will occur soon for Bitcoin, but we also have to look at the conditions and problems that are happening in the crypto space so that everyone can take a more reasonable and optimistic attitude towards the future price.

[uneng]

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

In my opinion, don't be too hasty to buy Bitcoin now, because the bearish is still strong and a dump can also happen again,
indeed you suggested buy on $ 25.7 but for me the price still has the potential to fall again below $ 25k,
so it's better to just accumulate it at the $ 20 level k to $28k.

Yes, the price can still fall more yet due to the recent news involving regulators in US and Binance. The market is heavily apprehensive and relying on the next events to draw the tendency. For those who don't have any satoshis on their pockets I think it's a good time to enter the investment and guarantee their holdings for the future, but for those who already have decent chunks of BTC on their wallets, it might worth to wait a little more for a new dump, so they can make some extra profit by purchasing cheaper BTC.

[pawel7777]

Yes, the price can still fall more yet due to the recent news involving regulators in US and Binance. The market is heavily apprehensive and relying on the next events to draw the tendency. For those who don't have any satoshis on their pockets I think it's a good time to enter the investment and guarantee their holdings for the future, but for those who already have decent chunks of BTC on their wallets, it might worth to wait a little more for a new dump, so they can make some extra profit by purchasing cheaper BTC.

Whether it is or isn't a good time to buy should not depend on your current holdings. Why would you propose "no-coiners" to buy now and to those who already hold to wait for a deeper dip? This makes no sense.

But yeah, for those who want to enter with a lump sum and not do the DCA, I'd probably wait a little longer to see how the current situation will unfold. You can't time the market perfectly anyway so it's all about identifying the price trend.

[Bushdark]

Buying Bitcoin now can be a good option because we don't even know if the market is going to keep falling or take another trend. It will be  wise if we can buy small now and see if the market is going to fall more so that we can buy more and keep them for the future. Bitcoin is the major trend that control the market and we need to keep our eyes down and hold as long as we can till when we shall be experiencing the bull market. Bitcoin had been moving in an upward direction since and we hope to see the a new change in trend to a bull market.

[Nrcewker]

Buying BTC can never go wrong. We should always buy the coin, don’t take stress about the price. We have seen Bitcoin’s capabilities earlier and we know how far it can go. Bitcoins are limited in numbers, hence very rare. So when the demand to buy the coin will increase, the price will automatically go up in order to meet the demand. Hence it is advisable to buy the coins always in a regular interval. So yes OP, currently buying the Bitcoins is the best option possible.

[STT]

Price is lower, easily arguable as a better time to buy.  You must carry an umbrella to shield from all the gloom raining down but everything has a use and lower prices are there to serve those who required that lower price to be involved in BTC.   The Dollar has its own problems, every currency has its own dynamics to carry and dollar has alot of debt occurring.   Due to the known schedule of debt, in future more dollars will exist from debt repayment in Trillions.  As a ratio we know today that a greater supply of dollars to BTC will exist in future.  This can equate to a higher price in BTC presuming demand is just level.  If BTC demand rose in parallel it will greatly raise BTC price.

[ajiz138]

Whether it is or isn't a good time to buy should not depend on your current holdings. Why would you propose "no-coiners" to buy now and to those who already hold to wait for a deeper dip? This makes no sense.

With ownership let it not be bothered anymore because building bitcoin ownership is a little more difficult to expect more so if you already have capital then the time is now to start again but if you are waiting that is uncertain that makes it more complicated even when the price has been discounted want more discounted price and it is a temperamental exposed people.

But yeah, for those who want to enter with a lump sum and not do the DCA, I'd probably wait a little longer to see how the current situation will unfold. You can't time the market perfectly anyway so it's all about identifying the price trend.

By buying the lump sum method, you really have to be able to identify market trends because even a slight decrease is worth the bitcoins you get, but if you do it with DCA, you don't need to do it that way DCA only needs to be consistent every week/month because there will be an accumulation of prices at an even average, but it depends on the strategy they want.

[ginsan]

Buying BTC can never go wrong. We should always buy the coin, don’t take stress about the price. We have seen Bitcoin’s capabilities earlier and we know how far it can go. Bitcoins are limited in numbers, hence very rare. So when the demand to buy the coin will increase, the price will automatically go up in order to meet the demand. Hence it is advisable to buy the coins always in a regular interval. So yes OP, currently buying the Bitcoins is the best option possible.

We have seen the decline that occurred this week where if they are still asking when is the right time to buy btc the answer is at this time. There is nothing to care about the price because if we continue to delay buying it is likely that we will always be in the shadow of being left behind to add btc to our portfolio.  Well like you said btc will be more scarce in the future because bitcoin has a supply of 21 million. So for that, I estimate that the decline that occurred this week is a small correction that can be used to enter and buy gradually.

For next year, we will come to the halving, which is an important event that is eagerly awaited by btc holders and hopes that we will go to a better rally at the end of this year.  Previously, news about sec and all kinds of fud caused the price of btc to fall, but we have seen that btc is very strong and we just need time.

[pawel7777]

By buying the lump sum method, you really have to be able to identify market trends because even a slight decrease is worth the bitcoins you get, but if you do it with DCA, you don't need to do it that way DCA only needs to be consistent every week/month because there will be an accumulation of prices at an even average, but it depends on the strategy they want.

DCA is a useful strategy especially when you expect price to grow over time but are not sure will the price be moving in cycles. But historically speaking, those who were aiming to buy only during the dips (or what looked like a possible dip) note better results than those doing the DCA. Of course buying the dips require more analysis, but it's not like you have to time the market perfectly. Sometimes all it takes is to avoid buying at what looks like a peak of the hype, or just buy when moods are low.

[erep]

But historically speaking, those who were aiming to buy only during the dips (or what looked like a possible dip) note better results than those doing the DCA. Of course buying the dips require more analysis, but it's not like you have to time the market perfectly.

We can never accurately predict market cycles so we need to do DCA to avoid buying all investment funds at a certain price at once, because according to our predictions that the market price has reached the most dips but the actual price is much lower than the price we predicted, I think nothing the best analysis of the DCA strategy for adding assets to the crypto portfolio because we have distributed investment funds gradually, even if the next bearish market occurs we still have some funds from the opportunity to buy at the lowest price.

[pawel7777]

We can never accurately predict market cycles so we need to do DCA to avoid buying all investment funds at a certain price at once, because according to our predictions that the market price has reached the most dips but the actual price is much lower than the price we predicted, I think nothing the best analysis of the DCA strategy for adding assets to the crypto portfolio because we have distributed investment funds gradually, even if the next bearish market occurs we still have some funds from the opportunity to buy at the lowest price.

There's no single, superior strategy that would work best for everyone, if that were a case, everyone would be using it already and there will be no need for discussion.
DCA is no different. While it is the most convenient and does not require any price analysis, it does not guarantee the best results. I've seen some analysis some time ago saying that the "buying the dip" BTC investors noted on average better results than those using the DCA - but that's not to say that this will be true in the future.
With dip buying, you don't have to time the market perfectly, all it takes to roughly identify where the price is, i.e. if we break the new ATH, we're probably not at the bottom, or if we drop >60% from the ATH, it's possibly a good time to start buying.
And it's not like we cannot combine those 2 strategies - do DCA but withhold from buying (or reduce the amount) when we're likely at the top of the hype etc.

[Mr. Magkaisa]

    -   If you are a long-term investor, yes, it is time to buy Bitcoin now in the market then hold. Do DCA as much as you can, because this is the only effective way to accumulate Bitcoin little by little while there is no bull run.

The only important thing is to position yourself as long as the bull run is far away, we still have a few months before the bitcoin halving arrives and at least you definitely have holdings that can give us a profit for sure today.