Ayers
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May 18, 2023, 12:24:21 PM |
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I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again?
If you want to make big profits according to the next ATH this is the right time and even though bitcoin will no longer correct to $20k and below. Halvings are also likely to occur at much larger numbers and even though there is no guarantee, if you pay attention, each halving will definitely give birth to a new price from the previous ATH. The current purchase calculation will also generate big profits for you. I doubt bitcoin will return to the price of $ 20k and even if it does it is possible in the next two months, but there seems very little chance of a correction to $20k below that. The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months. But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.
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Xcode7
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May 18, 2023, 03:53:56 PM |
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many were at the same time as you, friend, many did not predict that the price of bitcoin would increase sharply in just a few halving periods. but when the last ATH in 2017 many started to understand and started investing in bitcoin, maybe now more people know more and it's not surprising that everyone is competing to keep buying and saving.
during ATH 2017 many people were new to Bitcoin and corrections occurred slowly until finally in 2021 surprisingly Bitcoin returned to ATH. now many people believe and will not panic anymore when there is a slight correction because if you look at history from the past, the price of Bitcoin sooner or later is always able to recover. If you want to make big profits according to the next ATH this is the right time and even though bitcoin will no longer correct to $20k and below. Halvings are also likely to occur at much larger numbers and even though there is no guarantee, if you pay attention, each halving will definitely give birth to a new price from the previous ATH.
The current purchase calculation will also generate big profits for you. I doubt bitcoin will return to the price of $ 20k and even if it does it is possible in the next two months, but there seems very little chance of a correction to $20k below that.
if you look at what happened a long time ago then of course now is the right time. but apart from that I only saw Bitcoin price movements throughout 2023 and I thought and predicted that there would be no more low prices, I said so after seeing that no significant movements had occurred and the corrections that occurred after the increase was not so long and deep so I'm thinking if it isn't or isn't a spike hitting a high that means it's a good time to buy. I agree with you that this year the possibility of bitcoin to be corrected to $ 20k is very slim, look at the correction that is happening right now, there has been a decline in the price for several weeks but it is not that deep.
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imamusma
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May 18, 2023, 04:59:30 PM |
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The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. I completely agree because there is no consensus that can really confirm market moves to date. Everyone has different ideas and opinions about how they interpret current price movements. I'm not too sure about the $20k possibility, while some may believe it's coming. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months. But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy. It is likely that lower prices will exist if the market is subject to an external impact due to the economy or interest rate adjustments. But anyway, I think bitcoin investor interest may be much higher to build their investment portfolio and that will push the price higher ahead of the 2024 halving. I don't ignored buy opportunities when I have the budget to do so, but I think I'll implement DCA instead of going all-in in one fell swoop. This allows me to get better low averages instead of all-ins.
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jaberwock
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May 18, 2023, 05:50:20 PM |
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Early 2015 my first experience buying bitcoin was at coinbase, at that time they only accepted purchases via credit card and i bought 2 btc which i planned for cloud mining and gambling, at that time the price of 1 btc was around $235, of course if i hold on until now i can get a lot of profit.
Yes this example will again be shown to other peoples when Bitcoins will be revolving at 75k usd. At that time people will quote example of this time. Many of us will say that, there was a time when BTC costed 30k usd and we bought plenty. So yes it only proves that we have always underestimated the price of Bitcoins. And it also proves that Bitcoins have lot of potential and it’s very rare. So Op don’t look for better prices, and buy Bitcoins whenever you can. It will happen again but there is a big difference already in terms of price. The price before is very cheap compared to now and I don't think those times will ever repeat. If let say bitcoin able to fall that low, I don't think people will feel happy about it but they will feel skeptical and nervous because it is an unusual dip anymore. Maybe the dip will just continue till the price goes to zero. For now we should erase that thoughts as we are likely going to move forward not backwards. Let's not make the same mistakes and regret again for those who haven't bought bitcoin before when they have the chance so that we can create a good story and memory later on.
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ancafe
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May 19, 2023, 09:41:24 AM |
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The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months. But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.
Such is the fluctuating nature of bitcoin prices and no one can predict it for sure, but if you look at the movements at the beginning of the year until now, I'm not so sure that in the future bitcoin will be corrected again to $ 20k and come back as you said nothing is impossible when the market corrected again. Interest rates and the economic impact may be one of the reasons for the correction, but I hope it doesn't go beyond $20k if it does. Regardless of how the market reacts in the near future and for me it doesn't matter when we as long term holders, let alone almost close to half, so the most appropriate step is to take the approach of collecting bitcoin according to capital and the purchase timeframe can be adjusted to each individual by dividing stages to buy as you say.
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Kelvinid
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May 19, 2023, 10:30:59 AM |
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Early 2015 my first experience buying bitcoin was at coinbase, at that time they only accepted purchases via credit card and i bought 2 btc which i planned for cloud mining and gambling, at that time the price of 1 btc was around $235, of course if i hold on until now i can get a lot of profit.
many were at the same time as you, friend, many did not predict that the price of bitcoin would increase sharply in just a few halving periods. but when the last ATH in 2017 many started to understand and started investing in bitcoin, maybe now more people know more and it's not surprising that everyone is competing to keep buying and saving. In fact, it has started to grow last 2021 bull season and definitely, we gonna expect to double its number this coming bull season. The continuous growth of Bitcoin in every 4-year cycle brings attention to the community and brings more excitement. And to this time, we are expecting another ATH record. But we have also analyzed and set for a target price when to buy and when to sell. So, while it was not yet arrived, better not to waste our time then but to buy some and hold. We don't need to wait for the price of Bitcoin reach to $50k otherwise, I would say it was late already.
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Ayers
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May 19, 2023, 12:31:45 PM |
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The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months. But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.
Such is the fluctuating nature of bitcoin prices and no one can predict it for sure, but if you look at the movements at the beginning of the year until now, I'm not so sure that in the future bitcoin will be corrected again to $ 20k and come back as you said nothing is impossible when the market corrected again. Interest rates and the economic impact may be one of the reasons for the correction, but I hope it doesn't go beyond $20k if it does. Regardless of how the market reacts in the near future and for me it doesn't matter when we as long term holders, let alone almost close to half, so the most appropriate step is to take the approach of collecting bitcoin according to capital and the purchase timeframe can be adjusted to each individual by dividing stages to buy as you say. Yes, short term volatility is nothing for long term holders like us. But as a long-term investor, why don't you expect bitcoin to drop below $20k? I have opposite thoughts and desires from you, I want bitcoin to correct below 20k again so we can accumulate more bitcoins with the same capital. That's actually a good thing, not quite as bad as many people fear, and it's also what the OP expected. It's been almost 1 month since this thread was created, I'm curious if OP bought bitcoin or is still waiting for another time to buy.
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Bitcoin_people
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May 19, 2023, 07:02:57 PM |
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Bitcoin next halving will happen in the 1st quarter of the year 2024, which means by this time next year. People that have witnessed halving and its bull run. Please, I want to know if; - Bull run happens few months or weeks to halving
- Or it happens few weeks or months after halving
- Or it happens simultaneously in the week or month of halving
I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again? We know the Bitcoin market is booming at some times and dumping a lot at other times. There came a time when Bitcoin set a new record in its history which was a complete bull market. However, the market slowly descends from that position to a bear market. It is difficult to tell when the market will rise and when the price of Bitcoin will fall. It always depends on the buying or selling of the market, so it is not possible to say when the market will be dumping and when it will be pumping. Since you want to invest on the back, you must invest from a position when the market goes down. and the current position of the market is definitely not possible to get $20000 dollars but if you invest in the current market you will definitely get profit. And you have to keep in mind after investing when bitcoin market is ATH sell your invested Bitcoin but you can make good profit.
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ancafe
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May 20, 2023, 08:41:36 AM |
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Yes, short term volatility is nothing for long term holders like us. But as a long-term investor, why don't you expect bitcoin to drop below $20k? Speaking of long term investors definitely expect the price to drop below $20k to capitalize on the buy and also many long term investors are expecting a big price hike for now. But the problem is we are trying to analyze the movement of the bitcoin market this month, so that by calculating some conditions and market reactions, I say bitcoin is difficult to reach a price of $ 20k this month. The problem is not whether or not the price of bitcoin goes down, but rather trying to discuss the price potential this month. I have opposite thoughts and desires from you, I want bitcoin to correct below 20k again so we can accumulate more bitcoins with the same capital. That's actually a good thing, not quite as bad as many people fear, and it's also what the OP expected. It's been almost 1 month since this thread was created, I'm curious if OP bought bitcoin or is still waiting for another time to buy.
It's normal that we think differently because basically all of us hope to collect more bitcoins to spend on the next ATH and I'll also be waiting for additional purchases if bitcoins reach $20K going forward. Looks like the OP hasn't answered some of the replies on the previous page and probably still hasn't made a purchase for now.
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bbigtart
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May 20, 2023, 10:40:21 AM |
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In fact, it has started to grow last 2021 bull season and definitely, we gonna expect to double its number this coming bull season. The continuous growth of Bitcoin in every 4-year cycle brings attention to the community and brings more excitement. And to this time, we are expecting another ATH record. But we have also analyzed and set for a target price when to buy and when to sell. So, while it was not yet arrived, better not to waste our time then but to buy some and hold. We don't need to wait for the price of Bitcoin reach to $50k otherwise, I would say it was late already.
As you mentioned absolutely right Bitcoin has experienced significant growth in recent years especially in 2021 and it is attracting the interest of many people. Yes, it is 90% following the last 4 year cycle trend which is not surprising as it is similar to the previous one. Don't wait for BTC to bottom again in this cycle. Anyone buying now shouldn't panic when they see these numbers and HODL over the next few years bitcoin will pass $50k. I myself apply the DCA strategy, it's a wise decision in buying bitcoins. Because buying bitcoins with DCA a fixed amount on a regular basis, regardless of market price fluctuations. By doing so, I was able to average better prices over time.
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bestcoins1
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May 20, 2023, 11:54:20 AM |
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As you mentioned absolutely right Bitcoin has experienced significant growth in recent years especially in 2021 and it is attracting the interest of many people. Yes, it is 90% following the last 4 year cycle trend which is not surprising as it is similar to the previous one. Don't wait for BTC to bottom again in this cycle. Anyone buying now shouldn't panic when they see these numbers and HODL over the next few years bitcoin will pass $50k.
If the desired price is $50K, I don't think it's necessary to implement HODL for the next few years. Because according to predictions from some people after seeing the rate of price recovery that occurred from the beginning of this year to this month, it looks like Bitcoin could reach $ 50K after this year or at the end of this year so holders who are waiting for that price will obviously not be too long wait although at the moment the price is still under $30K. I myself apply the DCA strategy, it's a wise decision in buying bitcoins. Because buying bitcoins with DCA a fixed amount on a regular basis, regardless of market price fluctuations. By doing so, I was able to average better prices over time.
The strategy that you apply is actually very correct, because you yourself will never feel pressured when buying in that way. So you will also be more satisfied when you get profits when the price starts to increase, but you also don't feel panic when the price increase doesn't happen in the near future. Because true Bitcoin holders are always dedicated to holding it in the long term, not for the short term.
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beerlover
Legendary
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May 22, 2023, 03:52:03 PM |
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The chances of bitcoin correcting towards $20k are slim, but that doesn't mean it won't happen. If you believe in history and think it will repeat itself, you will find that it is quite possible. In 2019, after bitcoin recovered, it also had a major correction down $5k, and if history repeats itself, it is clear that we still have a chance to buy cheaply in the coming months. But there is no guarantee everything will repeat itself, and I agree with you that now is also a good time to buy in. It is not necessary to buy one time, but we can divide the capital to buy.
I do not think it will happen, I do not see that chance as slim but literally non-existent. I feel like it is not going to be anything but a 25k+ price for a long time and then we are going to start going up eventually. People are looking at it the wrong way though, there is no single one time off for bitcoin, there never was and there never will be because if you do that, then even if you bought at 16k, you are not going to get wealthy. You need to keep reinvesting into bitcoin more and more whenever you get some money so that those increases makes you rich. I personally do that, I try to achieve something that will make more sense and hopefully it will one day, but during that time I keep buying to have a bigger amount of bitcoin to be able to get richer easier in the future when bitcoin price goes up.
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Fesatmas
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May 22, 2023, 05:24:05 PM |
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Bitcoin next halving will happen in the 1st quarter of the year 2024, which means by this time next year. People that have witnessed halving and its bull run. Please, I want to know if; - Bull run happens few months or weeks to halving
- Or it happens few weeks or months after halving
- Or it happens simultaneously in the week or month of halving
I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again? In the case of determining Bullrun is tentative, and no one can predict it correctly, we can only speculate according to their experiences and thoughts so you really have to reconsider it when getting answers from others about this. Can occur before Halving and after Halving, either a week or a semseter afterwards or before, it can happen at the Bullrun Bitcoin moment, this is very ambiguous and very confused to determine. Maybe the right time to make a buying decision depends on whether you don't really need the money you will invest or not, or whether you will use the money for close needs? This will affect your investment, if you don't have a plan like that starting from today buying Bitcoin is also no problem. I think the best strategy is to buy gradually, if we have monthly income or salary then leaving around $200 to buy bitcoin is a great thing, the future potential of bitcoin will continue to rise because of more and more adoption and development from many companies.
Yes, you should use a strategy like this to maintain panic or pressure when there is a decline, but it seems that OP does not like this strategy and he wants to do it in purchases once.
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