Good time to invest in BTC?

[DanWalker]

Do you believe in the speculative investors who will say bitcoin is even lower? Just wait if you are sure but you will regret waiting for an uncertain price while bitcoin is currently recovering and in a little while the price of bitcoin can touch $ 40K of course that is my belief not affected by other speculation.

My prediction is that the price of bitcoin is unlikely to return to its lowest point again. This is good support to become further resistance. Are you ready for the capital to buy bitcoin now? Go for it, it will also be the best price while it's still low, or do DCA it will buy at the dollar-cost average that many others have used in bitcoin investments.

The price has already started correcting itself, and the correction might go a little deep, maybe not as deep as touching its lower point from the last crash, but I believe it can go below $25k pretty easily if there is a lot of panic selling or market manipulation by the bears. So the best thing for someone willing to invest is to simply DCA from this point further.

DCA provides one with the opportunity to buy and store Bitcoin from every single price point that it has dropped from the last point one has bought, so the average will be pretty good once the price starts to go up again and reaches a certain height.

I have also seen many people make predictions like you, bitcoin will probably correct below $25k or maybe go even lower. But in the end, you and others are just making personal predictions, and there is no guarantee that will happen. In my opinion, if it is a long-term investment, it is not necessary to predict the price in the short-term to find a good time to buy. Instead, set your sell target, and as long as bitcoin stays below your sell price, there's no reason not to buy bitcoin right away.

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[fzkto]

I think it could still go drop in a few weeks but it will first go further up.

A long term investors though can start naking sats which is always been recommended to do as they said just DCA. Because you never know it may not really go down by now. It's a good time to buy while the price dips. Don't wait for Bitcoin because Bitcoin will not wait.

Of course the bitcoin price will drop a bit in the process of future corrections and that's nothing to worry about because that's how the market reacts. So timeliness in buying is also very important, with estimates as the cycle runs. Today bitcoin has undergone a small correction and that's why I say no need to wait for the right time to buy and as long as you have the ability, then decide to buy with the amount you can afford.

Although the price could correct up to $25k in the near term and we're also not sure whether the price this month will hold or if it will drop below $25k. DCA is the fastest way for some people who don't have much money, this method is more practical and easier for some people to use.

I think that before the halving, which will be a year from now, many people have a good opportunity to buy bitcoin. The main thing is patience and lack of greed. You can buy bitcoins monthly in parts to sell them later at a big profit, for example in a year and a half. During that time, the price can both rise and fall. The main thing is that your sale should be as high as possible.

[MiF]

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

thanks in advance.

Don't worry about the drop because the drop always happen after the bull season the important thing is we can still hold even in dip and we cannot sell at loss, even if we will buy btc at 30k$ and it drops down to10k$ we cannot loss if we hold it and wait until it will rise to 60k$ again. So don't be afraid just invest an amount that you can afford to loss.

[tygeade]

I'm not an expert, I'm just an investor who's been in the market for a while and has also gone through a couple of bearish seasons and made a profit from investing in bitcoin. I don't know what bitcoin will be like in the coming days, it could go up or down, I don't know.
But I know one thing, if you continue to wait for lower prices, you will most likely regret it and buy bitcoin at a higher price than it is now. Why don't you use the DCA strategy to buy bitcoins rather than waiting blindly? Don't wait any longer, buy bitcoin now, if you compare it with the old ATH, now is still a good price to accumulate bitcoin.

Yeah true, I have been involved for 10 years as well and I can say that it is going to go up in the near future, not saying that it will be in a month or two, but in 2 years we will see a great increase that breaks over ATH for sure, that is something I believe in.

However, even if that is not true, waiting for it to go down will cause you to miss your chance to buy early and make a profit without a doubt, that should be considered as the reason why we all buy right now, people who buy at the current market and brought the price from 16k at the bottom to 31k today are the people who think that it will start to go up, and if you do not join them soon enough, they will continue to buy even more and then it will be even worse.

[Popkon6]

The potential for Bitcoin price to rise is currently high as 2024 is going to be the year of Bitcoin Halving. Because of this, Bitcoin prices will rise from 2023 onwards and the current downturn is a good investment. This is the perfect time to invest so invest in bitcoin fast and I myself have some assets in bitcoin and that is long term. I'm looking forward to Halbing in 2024 standing by the bull run and I'll watch my portfolio grow.

[Ayers]

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

thanks in advance.

According to what you say, you are investing based on the opinions and advice of others. If you need some advice from me, I don't recommend investing in bitcoin even though it's a very good price to buy and hold. Because you haven't done any research and only invest according to other people's opinions, it will be very dangerous for you in the long run. To invest in bitcoin, you first need to have knowledge because even if you buy it cheaply without knowledge, there is no guarantee that you will hold them without panicking before the market's volatility. Knowledge is essential if you want to be profitable.

[Yamifoud]

I'm not an expert, I'm just an investor who's been in the market for a while and has also gone through a couple of bearish seasons and made a profit from investing in bitcoin. I don't know what bitcoin will be like in the coming days, it could go up or down, I don't know.
But I know one thing, if you continue to wait for lower prices, you will most likely regret it and buy bitcoin at a higher price than it is now. Why don't you use the DCA strategy to buy bitcoins rather than waiting blindly? Don't wait any longer, buy bitcoin now, if you compare it with the old ATH, now is still a good price to accumulate bitcoin.

Yeah true, I have been involved for 10 years as well and I can say that it is going to go up in the near future, not saying that it will be in a month or two, but in 2 years we will see a great increase that breaks over ATH for sure, that is something I believe in.

However, even if that is not true, waiting for it to go down will cause you to miss your chance to buy early and make a profit without a doubt, that should be considered as the reason why we all buy right now, people who buy at the current market and brought the price from 16k at the bottom to 31k today are the people who think that it will start to go up, and if you do not join them soon enough, they will continue to buy even more and then it will be even worse.

The future of Bitcoin is certainly uncertain for newbies but for us who have been in the crypto space for many years, we already have an idea of what will happen after pump-and-dump events. For us, corrections is was normal after the rise but for newcomers, worries really come to them, and then start thinking negatively  - "what if and what if".

Generally, we have always been taught by our experience and one way to survive here is to learn the past and remain optimistic about the future.

[cryptomaniac_xxx]

The potential for Bitcoin price to rise is currently high as 2024 is going to be the year of Bitcoin Halving. Because of this, Bitcoin prices will rise from 2023 onwards and the current downturn is a good investment. This is the perfect time to invest so invest in bitcoin fast and I myself have some assets in bitcoin and that is long term. I'm looking forward to Halbing in 2024 standing by the bull run and I'll watch my portfolio grow.

So far though, we seen a big correction already, from $31k->$27k. And we have broken the $28,500 support.

To think of it, it's might be a indication that the obvious growth has slowed down already and it might take another big news to push the price again. And with that, this could be another great opportunity to enter at the current price. I know it might be expensive, but we don't know if we can still see this price again, or it might go down even further. Might be better if we take the risk to buy today and then wait for the next move. If it goes down, then buy more, if it  goes up, at least you have taken the opportunity. So still a win-win for us investors.

[reagansimms]

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The future of Bitcoin is certainly uncertain for newbies but for us who have been in the crypto space for many years, we already have an idea of what will happen after pump-and-dump events. For us, corrections is was normal after the rise but for newcomers, worries really come to them, and then start thinking negatively  - "what if and what if".

Generally, we have always been taught by our experience and one way to survive here is to learn the past and remain optimistic about the future.

For newbies, the Bearish that just happened after Bitcoin broke $30k was pressure due to fear of getting in. Their concern is well-founded, they are afraid the price will go down which can reduce the value of their investment. Pump-and-dump events are no longer too much of a surprise to Traders who have been in the crypto space for years. The recent dip could be profit-taking for longtime crypto traders, Bitcoin that has recently plunged to $27k or is "maybe" about to plunge to $25k there will be some decent buying opportunities.
An example of the last major retest that occurred at $19k before Bitcoin's rally to $30k+, a retest of $25k in the current market is a logical and sound move.

[ancafe]

I think that before the halving, which will be a year from now, many people have a good opportunity to buy bitcoin. The main thing is patience and lack of greed. You can buy bitcoins monthly in parts to sell them later at a big profit, for example in a year and a half. During that time, the price can both rise and fall. The main thing is that your sale should be as high as possible.

If you want to maximize purchases now is the right time, from what I have seen the bitcoin cycle is actually marked with several corrections before reaching the halving stage. Currently, the price has corrected back from $30k to $27k in just a few days, if someone does not have knowledge of the market, then this condition will make them panic and decide the loss the wrong way.

Therefore the long term is an option for people who don't really understand market conditions, because we don't need to control market conditions and reactions at all times and a count of four years is also getting closer to achieving ATH, although we can't say for sure in what month it will occur.

[DevilSlayer]

I think it could still go drop in a few weeks but it will first go further up.

A long term investors though can start naking sats which is always been recommended to do as they said just DCA. Because you never know it may not really go down by now. It's a good time to buy while the price dips. Don't wait for Bitcoin because Bitcoin will not wait.

Of course the bitcoin price will drop a bit in the process of future corrections and that's nothing to worry about because that's how the market reacts. So timeliness in buying is also very important, with estimates as the cycle runs. Today bitcoin has undergone a small correction and that's why I say no need to wait for the right time to buy and as long as you have the ability, then decide to buy with the amount you can afford.

Although the price could correct up to $25k in the near term and we're also not sure whether the price this month will hold or if it will drop below $25k. DCA is the fastest way for some people who don't have much money, this method is more practical and easier for some people to use.

It is something to worry if you are a futures trader, I think it is really depends on what type of trader you are. If you are the kind of person who will do HODL, meaning you can hold your bitcoin for a lot of years then a simple correction cannot intimidated you. This kind of mental skill is also hard to get because you need to be comofortable in dips and to crashes. As for the moemntum traders who are doing long positions then they should be worry once the retracement happens because the volatility can make their positions to be liquidated. I do not advise DCA if you want to quick profit in short period of time, what I advise is to buy during the market is trending or in short if the market keeps breaking out to its resistance level.

I'm looking for the Bitcoin to drop at $24,000 or if the price did not hold we may see it at around $21,000 again. But do not panic guys because we are still in bullish and we may see the price bounce back after few weeks, Manage your risk very well and do not hesitate whenver you are putting your orders.

[AnonBitCoiner]

I don't think that Bitcoin price will drop below 20K anytime soon. Everything is in favor of Bitcoin right now, and some people even predicted a way higher price range for bitcoin in this bull run. But, investing in it is your own decision, it can still drop back to 25k, or it can also reach 35k.

Everything can happen in crypto market we cannot say that when the price go up it will never come back to lower price because it can happen. As we know that price of Bitcoin will attain huge level and in next year price will be more than current price as a result of halving.

so when someone want to put money in bitcoin then this is the best time to initiate because when halving happens everyone will wants to sell their Bitcoin so as a result of this Bitcoin price will fall down and we don't know that when it will increase back therefore to attain success put money this time in bitcoin for holding it.

[ancafe]

It is something to worry if you are a futures trader, I think it is really depends on what type of trader you are. If you are the kind of person who will do HODL, meaning you can hold your bitcoin for a lot of years then a simple correction cannot intimidated you. This kind of mental skill is also hard to get because you need to be comofortable in dips and to crashes.

Of course when it comes to HOLD it is definitely bitcoin that will be chosen, so what worries you when long-term investment positions are an option? Everyone should not be intimidated by corrective conditions in the market because we already understand the power of bitcoin in maintaining its value in the long term and when someone installs a HOLD pattern in the long term it means they really understand bitcoin.

As for the moemntum traders who are doing long positions then they should be worry once the retracement happens because the volatility can make their positions to be liquidated. I do not advise DCA if you want to quick profit in short period of time, what I advise is to buy during the market is trending or in short if the market keeps breaking out to its resistance level.

Every time it happens in bitcoin and there is nothing that can separate the volatility in the journey of bitcoin, the greater the volatility the greater the risk and because of this volatility also bitcoin is gaining momentum as an instrument against price increases that cannot be predicted exactly so this condition is something which naturally happens with a volatility asset like bitcoin.

Regarding the short duration for profits, it is not recommended to use DCA, this pattern is intended and more suitable for long-term holders who don't have large capital to buy, so you have to separate certain conditions on different issues.

I'm looking for the Bitcoin to drop at $24,000 or if the price did not hold we may see it at around $21,000 again. But do not panic guys because we are still in bullish and we may see the price bounce back after few weeks, Manage your risk very well and do not hesitate whenver you are putting your orders.

Whether someone panics or not depends on how knowledgeable they are about bitcoin, but if new people want to avoid excessive panic in investing in bitcoin then the long term is one of the right decisions because there is no need to monitor market conditions all the time, both during severe corrections and other conditions that bring bitcoins at a lower price.

The point is that knowledge will lead someone to avoid panic, so they can control the risk of loss when making an investment, there are many nearby sources that will lead us to hold trust in bitcoin for the long term.

[irhact]

Everything can happen in crypto market we cannot say that when the price go up it will never come back to lower price because it can happen. As we know that price of Bitcoin will attain huge level and in next year price will be more than current price as a result of halving.

Anybody thinking the price of Bitcoin can't go lower than $20k hasn't been in  the market long enough. When investing or looking for when to invest, you should put it in your mind that the price of Bitcoin can always decrease in value which is why you don't buy all the amount you want to buy one time, you should buy and reserve money to buy again when the dip happens.

If you're not looking to hold for very long term like years then don't buy all your Bitcoin one time. The price Bitcoin is trading at the moment is a good buying opportunity zone because before next month ends we should be trading above $30k again and building strong support above $35k.

[LogitechMouse]

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

No it will reach that $12K-$16K again... or it will not reach again. Ohh yes it will reach that price again... or it will not reach again. Yes it will reach that price again. Nahh it will not reach that again.

My point is that, nobody can give you an accurate answer to what you are asking. I can say that it might reach that price, and can go lower than that price, but I can be wrong. At the same time, I can also say that it will not, and it will go to even higher price in the future, but I can be wrong as well. You made your decision base on what the others are saying, and not yours. At least make a decision base on what you think next time. Now you might've missed an opportunity to buy Bitcoin below $20,000. It will never reach that price again.

As what others are advised here, just focus on doing Dollar Cost Averaging instead of waiting for the price of it to reach at a certain price. You will miss many opportunities if you will approach that way.

[Smack That Ace]

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

thanks in advance.

Don't trust anyone's predictions as there are no experts in this market, bitcoin is unpredictable. It could drop to $16k and also go up to $40k, no one knows.
If you are looking for short term profits, then you need trading knowledge to analyze and judge the best time to buy. But if you want to invest long-term and only sell when the next bull run comes, buy bitcoin now or whenever you have the money.
In the long run, bitcoin will always increase and always bring you profit, you just need to buy, hold, and only sell when the bull season comes, you don't need to worry much.

[ZAINmalik75]

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

It may be possible or not because no one perfectly predict the price of Bitcoin. Bitcoin always has volatile movement, no doubt Bitcoin respect his previous chart movement but not everything, some time it goes totally against it. So my suggestion will be don't go behind the investor advice because you will be responsible of any kind of lose, they will not.
But if you are real invester and you know significant of BTC then you will not think about that where Btc will drop his price so I can take entry or something else, Rather you should start accumulating BTC through Dollar Cost Average ( DCA)

[cozytrade]

The potential for Bitcoin price to rise is currently high as 2024 is going to be the year of Bitcoin Halving. Because of this, Bitcoin prices will rise from 2023 onwards and the current downturn is a good investment. This is the perfect time to invest so invest in bitcoin fast and I myself have some assets in bitcoin and that is long term. I'm looking forward to Halbing in 2024 standing by the bull run and I'll watch my portfolio grow.

I have invested in Bitcoins. Now I am in a lot of profit. I have not decided to sell Bitcoins yet. I have them for a long time.  I hope to get multiple times of the money I invested in Bitcoin. My luck may be unleashed. I hope the price of Bitcoin will rise more soon. But I can't invest anymore because I have invested enough in Bitcoin. I now have Bitcoin.  Apart from this, there are other coins that I have invested in.  If the price of Bitcoin starts dumping again very quickly, then I will invest something.

[SquallLeonhart]

Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

thanks in advance.

If you are stupid enough to believe in random people saying this and that, then you will never succeed in crypto investing mate because what you need to have here is to trust Bitcoin and keep it on hold as long as you can.
remember that we are talking about bitcoin here in which the safest and the strongest coin crypto ever had.
so assurance is always there to keep you moving and trusting.

I agree, people who trust others will never amount to anything, they will keep making mistakes over and over again and that will be terrible for all of us because that money could also go into bitcoin and make it higher, but instead not go into it because influencers convinces of them something else.

It could be bitcoin will go lower, it could be some terrible alt, it could be anything that causes them not to buy bitcoin at that moment. When that happens, not only that investor loses money, but also we do not make a profit that could have helped us as well. If you want to be a good investor, ignore influencers and start investing into bitcoin for the long term and you will make a profit out of it without a doubt.

[jaberwock]

If you are one of the long-term holders, what is expected is an increase and for those who have not yet started investing, it is expected that the price will fall to $ 12K- $ 16K in order to make a purchase. The point of view is different from the assessment of the two, so it tends to decide conclusions based on knowledge about the market. The price has been passed by Bitcoin and currently the lowest price has not touched $ 25K in the near future.

That means Bitcoin has progressed from the previous correction process, I am not very sure that in the future Bitcoin will go down to the price you think, but I can guarantee that correction will re -occur for the next month. So decide to buy at this time or wait for the price to be higher.

Short or long term investor, both are expecting for an increase because this is the only way for them to profit but let's be real, there are times where price can go down. It's only about the timing so we should monitor the price actively if we are about to sell so that we can't miss a good selling opportunity and it won't lead us to wait for a long time again. For those who haven't started yet, they better start now as the bull run is still forming.

I don't recommend waiting for that price you wrote because they are too low already from what the performance of BTC is showing lately. Correction means a slight decline. If they believe on you about a correction, then they can wait for a while.