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Author Topic: Should I buy now or I should still wait for the dip?  (Read 1276 times)
riantolie
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July 17, 2023, 02:09:16 PM
 #21

I don't think BTC will drop below $30k this time. I mean, you should make your own decision, I'm just sharing my opinion. I'm buying it now to be prepared for the pump.
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July 17, 2023, 02:18:40 PM
 #22

Many people ask when should they start investing in Bitcoin? Is it necessary to wait for the price to drop even more? is it necessary to wait any longer? but while they were waiting for that moment, the price of Bitcoin increased and they missed the moment. So while you have the chance, grab it, don't wait any longer. Regarding whether your investment will decrease or not, you should already understand that the price of Bitcoin is not always below. As long as you don't sell what you hold, you don't lose.

R


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July 17, 2023, 02:33:00 PM
 #23

Waiting is the most boring thing for me, if you can do it now why should you postpone it. I really understand your goal of wanting to start investing in Bitcoin just to get profit when the price increases, this fact is indisputable and even more senior people have the same goal. Today the price of Bitcoin is at the level of $ 30,282, maybe very expensive for those of you who are just starting to invest so you want the price to be even lower to enter the market. In fact Bitcoin once hit an all-time high of $64,804, today's price would be cheap in comparison to the ATH record Bitcoin has ever broken. When you start to believe in the potential that Bitcoin has, why wait until the price is low.

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July 17, 2023, 02:50:03 PM
 #24

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.
The market is always looking very difficult for me to understand and I am still looking for how I can understand the market. I do see people talking about Bitcoin investment and trading but I will like to know how to do all these things.
 How can I invest without getting any loses as an investor? Pardon me if my question might look strange.
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July 17, 2023, 04:06:53 PM
 #25

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.
The market is always looking very difficult for me to understand and I am still looking for how I can understand the market. I do see people talking about Bitcoin investment and trading but I will like to know how to do all these things.
 How can I invest without getting any loses as an investor? Pardon me if my question might look strange.
I recommend invest with small amount like 20% of total the money you have, i thought that make you feel comfortable than you invest your money in huge amount, targeted coin on Top 1-50 and after you bought coin you should have a target for profit what you want around 5%-10% or more. Don't be greedy if you have been profit, out of the market at right time before going down, especially never do cut loss if you want don't loss your money due to we never know of market situation at this phase bear market

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July 17, 2023, 04:25:54 PM
 #26

No matter what the current price is, people always think there will be better opportunities to either buy or sell. It's a vicious circle. I am not sure why you believe the price will drop to $20-25k. If the value drops to $25k, you will be waiting for $20k. If it drops to $20k, you might think it's better to wait until $15k. Too much waiting, and you'll miss the train. If you have money to invest and you are willing to do it, go ahead. It's the same when you are selling. If you have made some profits that you are satisfied with, dump your bags and get back in the game with the next cycle. 

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worldofcoins
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July 17, 2023, 04:33:41 PM
 #27

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 .

What OP missed is now gone but OP can still buy around the 28k range like you said and I'm bullish on bitcoin crossing over 35k USD before October.
Rather than beating up what happened in the past OP should consider making an investment that he can afford to lose.
bitzizzix
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July 17, 2023, 04:58:57 PM
 #28

No matter what the current price is, people always think there will be better opportunities to either buy or sell. It's a vicious circle. I am not sure why you believe the price will drop to $20-25k. If the value drops to $25k, you will be waiting for $20k. If it drops to $20k, you might think it's better to wait until $15k. Too much waiting, and you'll miss the train. If you have money to invest and you are willing to do it, go ahead. It's the same when you are selling. If you have made some profits that you are satisfied with, dump your bags and get back in the game with the next cycle.  
You are right, actually such a thought or strategy is like a loser who always expects the bitcoin price to drop lower to execute it. They don't think because some people or investors would expect the opposite and they hope that the bitcoin price will not go back down and their big hope is that the bitcoin price will continue to be bullish.
Be a smart investor by buying when you have the money without having to wait for the price to drop to buy it, and when it does, it can't hurt to buy it back. You can buy bitcoins anytime and never put it off because sometimes this way of thinking is wrong, because the price of bitcoins is not easy to predict and if the price of bitcoins keeps going up you will regret it.
So my advice, buy it when you have the money that day, and you can buy it back if the price drops back and stays that way and for long term goals. And if you do it for the long term, you don't care about the price of bitcoin to buy it.
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July 17, 2023, 05:17:45 PM
 #29

Simply go with the price you're comfortable with. The market price wherein you could endure sudden price changes especially declines. No one would know the bottom of its value nd you'd end up with FOMO from waitfing for it to happen. For me, as long as the market price is lower than its previous ATH, it would be good to invest and hold simply because we know that the next bullrun will break the ATH as what usually happens. But if you are eyeing for a certain price point then you're allowed to do so. However, never let frustration come into your end if ever price climbs drastically.

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July 17, 2023, 05:26:08 PM
 #30

I recommend invest with small amount like 20% of total the money you have, i thought that make you feel comfortable than you invest your money in huge amount, targeted coin on Top 1-50 and after you bought coin you should have a target for profit what you want around 5%-10% or more. Don't be greedy if you have been profit, out of the market at right time before going down, especially never do cut loss if you want don't loss your money due to we never know of market situation at this phase bear market
I am not a fan of lump sum investing. It could be beneficial but the risk to lose is high. Dollar-cost averaging (DCA) remains my best strategy because it spreads the risk and is more comfortable to invest gradually.

No matter what the current price is, people always think there will be better opportunities to either buy or sell. It's a vicious circle. I am not sure why you believe the price will drop to $20-25k. If the value drops to $25k, you will be waiting for $20k. If it drops to $20k, you might think it's better to wait until $15k. Too much waiting, and you'll miss the train. If you have money to invest and you are willing to do it, go ahead. It's the same when you are selling. If you have made some profits that you are satisfied with, dump your bags and get back in the game with the next cycle. 
I totally accept your position @Pmalek because if one keeps waiting for bitcoin price to fall to their expectation, it might never happen. I know so many persons that are regretting their indecision which has made them miss an uncommon privilege to invest in bitcoin. The price of Bitcoin might never drop in the nearest future, who knows? It is risky not to take risks, so it is better to buy when you have the opportunity. We shouldn't also be greedy because we may also lose out. Once it has gotten to our target (not too high) there is a need to sell and make some profit. After that, we can start another investment project.


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July 17, 2023, 05:36:52 PM
 #31

I don't think BTC will drop below $30k this time. I mean, you should make your own decision, I'm just sharing my opinion. I'm buying it now to be prepared for the pump.

Bitcoin just dropped below 30K within this hour and recovered back above 30K and you were saying it won't drop  Roll Eyes

The point is that bitcoin can drop below 30K and it may dump below 28K or lower but it will recover very quickly. The sentiments and fundamentals are all very positive. Ripple just win its case with SEC, Companies are filling their ETFs and halving is around the corner. In such a situation, the demand for bitcoin is very high and I don't expect a big dump.

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July 17, 2023, 05:39:05 PM
 #32

You must understand that trading and investing is not easy at all, it is extremely stressful and risky especially for newbies. The lack of clear trading principles and fear can make the process more difficult. Therefore, I would like to remind you that investing is a process of inquiry and learning.

And always remember that no one can accurately predict the future of financial markets. Opinions and predictions about property values ​​are always diverse and do not trust any source completely. You just need to understand and accept the risks that you will encounter in the investment process. Absolutely do not invest money that you cannot lose and always put the principle of capital preservation first.

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imamusma
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July 17, 2023, 05:41:58 PM
 #33

Simply put, you can buy with DCA if you have any doubts about the bitcoin price at the time of purchase. Bitcoin will forever fluctuate where fluctuating supply and demand is the main reason, but DCA can help you make better accumulations. After all, you don't have to wait too long if you intend to invest, but make sure you know the risks.

Many large investors buy with DCA instead of a lump sum, so of course you could also adopt that strategy instead of waiting for prices to drop lower. Don't worry too much even though there is always the potential for a decline, in my opinion it is part of the investment risk.


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July 17, 2023, 05:42:28 PM
 #34

To What Extent Bitcoin Price Will go for the Bear Market[/center]
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?

At this point in time, I don't think that Bitcoin market will collapse lower than the previous dip of below $20k.  As far as I believe, Bitcoin is currently in a transition reason why Bitcoin is going sideway for some days now. It is possible that the market is preparing for the Bitcoin halving and may give hype to the market because of the halving of the block reward.  We all know that in the previous bull run the having often becomes the catalyst for the market to uptrend.

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?

If we are talking about the final Bitcoin price for the upcoming bull run then no one will know.  As for speculation, since Bitcoin break its ATH every cycle, it is possible that Bitcoin will surpass its ATH in this up coming market surge.
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July 17, 2023, 05:42:51 PM
 #35

OP I will advise you should start now and not to be skeptical about the price, if you want to wait for Bitcoin to drop to 20k or 25k that means you have to wait until forever, we are all waiting for the bullrun and I don't believe price will drop as low as you mentioned before the starts, if you insist to wait because you don't have enough capital then wait after the bullrun maybe the price will drop to low as you mentioned Grin,

I said what I said out of opinion.

R


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July 17, 2023, 07:40:23 PM
 #36

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 .
Their no time someone purchase Bitcoin that's late or wrong time, you can buy Bitcoin in any time, but it's encouraging to purchase when the market of Bitcoin is decreased in value so that when it goes up they will be a profit, market of Bitcoin is not stagnant it's rotational and that's while I always emphasize that the price of Bitcoin is not constant and when buying Bitcoin to invest you should not think of the value variation before investing because their is Evey tendency you many buy bitcoins now and within sometimes the price get increased and it's applicable to the price of Bitcoin get devalued when purchase at higher rate. So in summary no time you buy bitcoins that it's not valid



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July 17, 2023, 07:53:33 PM
 #37

Now or later it's the same - I mean you will buy too. The thing is that what you're worried about is normal in bitcoin. If you are waiting for the price to drop lower - then maybe you won't really be sure to buy it without wanting to wait for another low. If you believe bitcoin has the potential to bring you returns in the long term - then you should buy now, but consider some of the advice from experienced users above.

There is no great doubt in my mind about bitcoin's potential in the long term - so I've been buying and holding it. With all the risks I accept - then bitcoin is a potential asset as a long term investment instead of gold and some other physical assets.

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July 17, 2023, 08:09:41 PM
 #38

I don't think BTC will drop below $30k this time. I mean, you should make your own decision, I'm just sharing my opinion. I'm buying it now to be prepared for the pump.
Nobody can predict the future of Bitcoin, Bitcoin is a currency in which I know quite well that the price is not stable, you can see a crypto market accelerating to a higher point but due to the market movement and you think that the price will continue to accelerate how higher but only a negative information can make the price of Bitcoin you see at range of thirty thousand to decrease to twenty thousand in the value, so therefore the price of Bitcoin is unpredictable.



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DaNNy001
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July 17, 2023, 08:17:27 PM
 #39

Many people ask when should they start investing in Bitcoin? Is it necessary to wait for the price to drop even more? is it necessary to wait any longer? but while they were waiting for that moment, the price of Bitcoin increased and they missed the moment. So while you have the chance, grab it, don't wait any longer. Regarding whether your investment will decrease or not, you should already understand that the price of Bitcoin is not always below. As long as you don't sell what you hold, you don't lose.
Some newbie actually ask this as precautionary measure due to first timer effect as many newbie don't have the bold mind to actually buy BTC no matter the price ratio on the market but like you said its advisable to buy as soon as you have the opportunity because waiting for the price might amount to many opportunity you would gotten to actually accumulate from the initial price you stumbled upon.

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bayu7adi
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July 17, 2023, 08:36:55 PM
 #40

Buy the dip," a concise three-word phrase, proves to be quite elusive. Discovering that precise moment of the dip is no easy feat. Nevertheless, in my opinion, the current Bitcoin price remains reasonably affordable at around USD $40k.

Purchasing at this juncture is projected to position oneself for the post-halving momentum anticipated next year. Never miss the four-year Bitcoin train, my friend.

Engage in a purchase now with a 15% allocation, while patiently awaiting a decline in prices and averaging down with each subsequent dip.
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