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Author Topic: Should I buy now or I should still wait for the dip?  (Read 1276 times)
Ayebabara (OP)
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July 17, 2023, 09:16:39 AM
 #1

Introduction:
Bitcoin is a digital currency that can be used in different ways, both in buying and selling of goods through per-to-per transfer and also in investment which many users of bitcoin are interested. People invest in bitcoin because it flustrates in price either the bearish that people buy and in the bull that they sell. Bitcoin also trend in the eco-space that everyone who is good in the latest technological ideas in the world key into it. Therefore, I should not be exempted for joining the trend and start my journey. I am also aware of the risk that is involved but that will not be an excused to the journey. What's matter is the determination. The price of bitcoin is unpredictable but yet people guest it correctly. Bravo for those guys.
For the crypto space, some people prefer trading to investment while some prefer investment to trading which I might also fall unto and some are for mining.

I wanted to start my bitcoin investment journey but I look at it that the price is still high to start the investment and I am waiting for the price to go down to $20k to $25k or below. Is that a procrastination? If yes, when is the best time to start the journey? Now that the price is still high? Will bitcoin go down again? The way it stand, it looks like it would not go down again until the next halvining and the bull to come. Bitcoin price was good to invest last year which was $16k to $19k but I was not having cash to start the journey but now that I have small cash let me start the investment.
To What Extent Bitcoin Price Will go for the Bear Market
Bitcoin start the year 2023 with a good price and the price in in this year is much more better than last year 2022 and those who invested last year 2023 would not say that this year do does not favour them. And we have spent 7 month in this year and the price of bitcoin right now is $30,277 that is, the price is sliding down compare to last week. So where do you think the price of bitcoin will end for the bear market before this year will end?

To What Extent Bitcoin Price Will go for the Bull Market
As it is said, bitcoin price rised to $20+k from late last year after the bear market and in  this year the price rises to $31k, so what is your speculation on the price before the end of the year?
CODE200
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July 17, 2023, 09:47:28 AM
 #2

Here's a simple way to know if you should buy now or wait for the dip, if you are already hodling a substantial amount of bitcoin, it's in your best interest to wait for the dip to happen but if you don't have any substantial amount of bitcoin or no bitcoin at all then it benefits you that you get in now than later because waiting for something to happen will end up with you just waiting until it's too late and then you get in the peak and lose most of your investment because the price starts correcting after the hype. Regarding waiting for dip, that's subjective so you need to set a price that you're comfortable buying.
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July 17, 2023, 09:49:51 AM
 #3

Right now we are at a crux. The perceived catalysts of a Bitcoin ETF, XRP being deemed not a security, the support from the US corporations and wall street with the planned launch of EDX markets...it all seems like up is the only way. Though let's not forget, Rome was not built in a day. While there has been some great price action among BTC and alts, what's left to push the price up? Definitely not these pieces of news coming into play tomorrow, or even in a month for that matter. These will take time. Will speculation drive the price?

My opinion is that the best way to cater for both directions, is to DCA. We are still in a dip from ATH, so you're still buying the dip at 30k when you zoom out the chart. If I were to comment on where we are headed, I like to look at 2019. A recovery from the dip before sideways action even until after the halving. However, I think that there is much more demand since then and that the next run will be expedited if nothing major gets in its way.
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July 17, 2023, 10:07:03 AM
 #4

I wanted to start my bitcoin investment journey but I look at it that the price is still high to start the investment and I am waiting for the price to go down to $20k to $25k or below. Is that a procrastination? If yes, when is the best time to start the journey? Now that the price is still high? Will bitcoin go down again?

It's hard when you don't have trading principles. What do you expect with investments? Advantage.  Maybe for beginners today the price is very expensive. But if you know the price of Bitcoin has ever been higher than today. In addition, many people believe there will be a price higher than the highest price ever. If you believe this, do you still have doubts? Indeed, investing takes a lot of consideration, but if you are afraid you will never start. Start with the technical that you think is the best position, then use your position to increase the amount of BTC or your money by trading. In addition, you must understand the bad risks that you will get, you must be able to accept it.

R


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July 17, 2023, 10:29:44 AM
 #5

25k to 28k range is a good buying target, it could happen soon and maybe it will be the last dump who knows? But I will like to ask why now? Where are you when it was 15,000$ and 17,000$ because that was a very good buying opportunity,  I am still doing my gradual DCA but I went heavy on 15k more than 17k range, and now that it's 30k I still DCA with lower amount of money, it will feel wrong to not have any more money when unexpected dumps happen, which is possible.

You got to be prepared just in case, my advice is you should keep buying small amount of Bitcoin depending on what you have and hope that a better dip will come .
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July 17, 2023, 10:55:42 AM
 #6

To What Extent Bitcoin Price Will go for the Bull Market
As it is said, bitcoin price rised to $20+k from late last year after the bear market and in  this year the price rises to $31k, so what is your speculation on the price before the end of the year?

The bull market is one of the most targeted opportunities that almost every holder would like to participate of because the market will pump well for their profitabilities, now we can still accept that we are on the dip for bow if we can put in consideration of where bitcoin was sometimes last year and how it has reached it's all time high of $68,000 we are now a long way far from this ATH and this implies that we are still in the dip market season, but next year will mark another major opportunity for bitcoin market to surge higher and mark a new ATH which we believed can get upto $150 or above during the event of halving next year, if you can hodl then still maintain the decision for buying now and hodl.

.
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July 17, 2023, 10:55:47 AM
 #7

I wanted to start my bitcoin investment journey but I look at it that the price is still high to start the investment and I am waiting for the price to go down to $20k to $25k or below. Is that a procrastination?
You are asking the wrong questions, the real question is why should you expect a drop in first place and why $20k to $25k and why not some other numbers?
You see there is a difference between analyzing the market and making an educated speculation about a drop then waiting for it to happen and to hope for a drop to make more profit then waiting for that instead!

For now price is fluctuating and is going sideways, we have no reason to expect any major rises or drops until the situation changes and we get more solid signals.

Quote
And we have spent 7 month in this year and the price of bitcoin right now is $30,277 that is, the price is sliding down compare to last week. So where do you think the price of bitcoin will end for the bear market before this year will end?
That is not what "sliding down" looks like. Sliding down would have been if price were $31k then $30k then $29k and so on. Not when it was $29k going to $31k then to $30k then to $31k. That is called going sideways and it is not a bear market, it is between bear and bull markets.
It is very difficult to predict when a sideways trend is going to end and it is hard to know if it leads to a bull run or a bear run although usually it is leading to a bull run.

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July 17, 2023, 11:22:47 AM
 #8

I wanted to start my bitcoin investment journey but I look at it that the price is still high to start the investment and I am waiting for the price to go down to $20k to $25k or below. Is that a procrastination? If yes, when is the best time to start the journey? Now that the price is still high? Will bitcoin go down again? The way it stand, it looks like it would not go down again until the next halvining and the bull to come. Bitcoin price was good to invest last year which was $16k to $19k but I was not having cash to start the journey but now that I have small cash let me start the investment.
I think it is better to start now than wait for a price drop that you are not sure of, because I don't think the price of Bitcoin is predictable, just as you said; moreover, since we have been in the bear market for more than a year now, the price of Bitcoin is expected to keep going up, not down, since we expect Bitcoin to halve next year in 2024.

Advisably, buy now if you have the money because it might be too late when the price starts shooting up.

Quote
To What Extent Bitcoin Price Will go for the Bull Market
As it is said, bitcoin price rised to $20+k from late last year after the bear market and in  this year the price rises to $31k, so what is your speculation on the price before the end of the year?
I hope Bitcoin price will be able to go above $50k before the end of this year 2023, so that we can keep our hope and expectation of Bitcoin price going at least $100k and above during halving.

.
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July 17, 2023, 11:43:22 AM
 #9

it is okay to buy bitcoin anytime as long as you sell it at higher price. I think buy bitcoin now is a good decision, because day by day we near to halving time. this event really has big effect on bitcoin market. I divide bitcoin trend cycle in few phases just to ease me in bitcoin and altcoin trading, bitcoin price really affect some of altcoin price. I call bitcoin market trend today as healing phase where we will see bitcoin price is tend to rise although there is still volatility on it. next phase is pump. but that is just my personal opinion, it's not really correct.

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July 17, 2023, 11:53:35 AM
 #10

The worst thing that can happen to a man is procrastination, it's either you buy now or regret later. Earlier this year Bitcoin market price started off at $15k and it pushed through $20k & $25k and now settling at $30k, so as you can see whether you agree with me or not the chart is actually gaining momentum. Grabbing a bag right now would be a good idea as it's is not too late. We are just less than a year to the Bitcoin halving and it is predicted that Bitcoin might hit $120k - $150k in the next bull run, so you would still be in profit. But if you are actually waiting to see if the chart would go downward to $20k - $25k price mark, that might not happen and you would be filled with regret when you later realize that you've missed the $30k price mark.
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July 17, 2023, 11:59:03 AM
 #11

The best time to invest in Bitcoin when you're already understand about Bitcoin, it's mean the reason why you create this thread is you still not completely understand about Bitcoin because someone who's know about Bitcoin wouldn't create this thread ans asking other people when is the right time.

It's similar like someone say education is useless, you need to school and get education first to know education is useless.



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July 17, 2023, 12:02:19 PM
 #12

When it comes to buying a coin/token, you don't need to take advice from anyone before making such decision. The decision of whether to buy or not solely lies with you, and it's up to you to decide.

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July 17, 2023, 12:11:29 PM
 #13

Will you know when the bitcoin price will drop again?
Are you investing in bitcoin for the long term?

Why think about the price drop that we already know that now is the right price, right? $30K for me is still quite realistic to start investing instead of you regretting the price of bitcoin will continue to rise slowly, it's better to use the DCA method you can buy bitcoin at an average price and that's a better way than waiting for the price to drop while we don't know if it will drop again.

I am above the price of $ 30K will continue to buy by DCA, at least once a week, or once every two weeks, even once a month how to see from the financial flow.

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July 17, 2023, 12:25:07 PM
 #14

I wanted to start my bitcoin investment journey but I look at it that the price is still high to start the investment and I am waiting for the price to go down to $20k to $25k or below. Is that a procrastination? If yes, when is the best time to start the journey? Now that the price is still high? Will bitcoin go down again?
You know what might be the possible way for Bitcoin to reach the price that you just said. If SEC will reject Blackrock their filing of a Bitcoin spot ETF.
What are the chance of Blackrock being rejected? Out of 570+ times that they requested, they failed only 1 in the whole history of the company. On the other hand, even though Blackrock has only 1 rejection, the chances of them getting a success with the Spot Bitcoin ETF is 50/50 still.

Is that procrastination? I don't think so, but I would rather call it waiting for the perfect time to buy. The question is "Will it go down to that price?" Will it go down again? It will all depend on the decision of the SEC with regards to Blackrock's petition to file for a Spot Bitcoin ETF. I believe their decision will have a huge impact towards the price of Bitcoin not only for the short term, but in long term as well.

As it is said, bitcoin price rised to $20+k from late last year after the bear market and in  this year the price rises to $31k, so what is your speculation on the price before the end of the year?
My price speculation before the end of the year. I'm a bit bullish with Bitcoin after what happened in the first half of the year, so my prediction is at around $45,000-$50,000, but I will not be surprised though if it goes higher than that price.

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July 17, 2023, 12:30:24 PM
 #15

The bitcoin price rises after 4 years after the last rise. Thus we expect the price of the bitcoin to start to rise at the end of this year 2023 and fall in 2025. My advice is to buy bitcoin is the price becomes higher than 32 000 USD for 1 Bitcoin.  In 2025 we expect the price for 1 Bitcoin to be approximately 150 000 USD before falling to 50 000 USD.

What I am afraid of (for the Bitcoin price) are the quantum computers. I am a physicist engineer not an IT specialist. What I know is that knowing the public key and using a quantum computer one could derive the private key.
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July 17, 2023, 01:01:39 PM
 #16


I wanted to start my bitcoin investment journey but I look at it that the price is still high to start the investment and I am waiting for the price to go down to $20k to $25k or below. Is that a procrastination? If yes, when is the best time to start the journey? Now that the price is still high? Will bitcoin go down again?
Bitcoin can't be predicted,  waiting for the price to fall down to the amount of your wish can be something that may not happen  and you will miss  the opportunity.  It can call also be a surprise to you that the price will keep on increasing to the amount which will make you to regret to say if you has known you would have bought in Current price of bitcoin. One of retractable mistakes people usually make is to be waiting for a price to fall down to an amount that is okay for them. The price of bitcoin now is not that expensive , if I'm to be you I'll buy the amount I can afford to lose,  because waiting to fall can something that won't happen.
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The way it stand, it looks like it would not go down again until the next halvining and the bull to come. Bitcoin price was good to invest last year which was $16k to $19k but I was not having cash to start the journey but now that I have small cash let me start the investment.
No one can tell exactly what will happen to the price. The lack of money has always been a challenge why people can't afford bitcoin when the price is low. But if you really  want invest bitcoin,  hodl Bitcoin, and you have the money to buy bitcoin now, the price of bitcoin shouldn't be a reason for you to miss another opportunity.

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July 17, 2023, 01:02:01 PM
 #17

it is okay to buy bitcoin anytime as long as you sell it at higher price. I think buy bitcoin now is a good decision, because day by day we near to halving time. this event really has big effect on bitcoin market. I divide bitcoin trend cycle in few phases just to ease me in bitcoin and altcoin trading, bitcoin price really affect some of altcoin price. I call bitcoin market trend today as healing phase where we will see bitcoin price is tend to rise although there is still volatility on it. next phase is pump. but that is just my personal opinion, it's not really correct.

There are various strategies that can help you to actually benefit from the Bitcoin environment. If you can buy at a low and sell at a high, you will always have an advantage. If the price is falling, you can also add to the existing asset you already own. When it comes to the Bitcoin market, one needs to be wise and take advantage of opportunities. It may be risky, but if you manage it properly, it will undoubtedly be profitable.  and bitcoin is the driving force of all altcoins so anything that affects Bitcoin affects other coins, when you are in this game you have to learn how to play well.  

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July 17, 2023, 01:19:53 PM
 #18

When it comes to buying a coin/token, you don't need to take advice from anyone before making such decision. The decision of whether to buy or not solely lies with you, and it's up to you to decide.
Before buying Bitcoin it is necessary to keep in mind that Bitcoin is a long-term hold. otherwise whether you buy on dip or buy on high price neither will give you high profit. If you can hold for long time then there will be no problem if you buy bitcoin at high price because bitcoin price will surely go up and make new ATH and when it does bitcoin will go above 68K again. So in this case you don't have to take advice from anyone about any kind of decision. you can buy bitcoins yourself and start holding them at any time



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July 17, 2023, 01:42:25 PM
 #19

I think you should buy now because there will be no more chances that the price will gonna raise more in the upcoming months since we are now officially a few months more before another bitcoin halving which we already know will be the reason for the price to rise again or even create another ATH just like last time. Therefore you only need to decide right now if you have all the means to invest then you could start now or else there will be no turning back once the price will not be the same. You can also try your luck and wait if the price will gonna decrease in the days to come and maybe that will be the best time to buy bitcoins and hold it until you want.
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July 17, 2023, 01:58:38 PM
 #20

Predicting future events for BTC, no one can predict it 100%. True, it takes a lot of data that has to be juxtaposed to get the level of accuracy. not to mention the market is very volatile. From me, but this is just filing. BTC for this year, must at least exceed 50K first, then it's easy to see it again

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