Should I buy now or I should still wait for the dip?

[hannahB4]

Some set of people who wanted to buy Bitcoin as 22k last month will see how much Bitcoin is now, I don't like the idea of you wanting to get things and now postponing it, many things could have happened. The best time to buy or sell is now if you have the required knowledge and finances

[tjtonmoy]

It should depend on your investment plan. What are you trying to achieve and what's your way to do it? If it's a short-term less-profit then you could wait for a dip and then buy. Because if your plan is for the short term, then you should be concerned about the volatile nature of the Bitcoin market. This is when you should do your best analysis to come up with an entry and exit point. Little movements can make you good profits and also huge losses. If you want to go for the short term, then do your analysis and if you see a dip pattern, then wait for it. If not, then just buy.

When it comes to long-term investment plans, little changes in the market won't matter that much. All you have to do is just buy and hodl until the right time comes. Then you can just sell and book your profits. For a long-term hodler, there aren't any perfect times to enter the market. In the long run, you will only see green. Those who have bought at $69k at the previous bull run, do you think they made a mistake? NO. Because the next bull run could push the price much higher. Yes, they could have sold it earlier and made more profits in this recent bear market, but when you look at the bigger picture, they will also be in profit. Also if you are still confused about it, then just DCA. This is the best way to maximize your profit while minimizing your losses. Also doing it before the bull run will surely bring you profit.

So based on your plans, you should figure it out yourself. Lastly, I'm not a professional. So don't take my words literally. Do your own research before investing. Invest what you can afford to lose.

[Weawant]

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?

Nobody knows if the price of Bitcoin will fall again, we can only assumed based on how the market has been moving lately but that shouldn't stop you from investing in Bitcoin. If you're waiting for the market to dip again it might never happen and you'll miss out.

Instead of waiting why not buy Bitcoin now, what's the worst that can happen to the price of Bitcoin when we're very close to halving the prices will bounce back up if the market was to dip again. If you keep waiting you'll keep procrastinating and possibly miss out on buying.

People refused to buy Bitcoin when Bitcoin was trading below $20,000 and now the price is above $30,000. Many people also refused to buy when the price was below $30,000 and will also procrastinate if the price of Bitcoin was to fall below $30,000 again, don't belike them.

[The Cryptovator]

Due to its extreme volatility, predicting the behavior of Bitcoin with certainty is impossible. Therefore, no one can definitively advise you to buy at the current moment or wait for a dip. As a financial decision, it ultimately rests on your shoulders. Set your own objectives and proceed accordingly. Success in achieving your targets depends on the whims of luck. The reality is that there are no foolproof methods for making perfect predictions in this realm; it involves taking risks and being prepared for potential outcomes.

[SOKO-DEKE]

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?

There is nothing wrong with believing that the price of Bitcoin is high right now and planning to wait for it to drop to $20k–$25k before investing, but in all seriousness, it is very difficult to predict the price of Bitcoin. However, I believe that when you have good knowledge and can able to do some good analysis about Bitcoin, that will guide you and help you stay on track.

Many people have made numerous attempts to timing the Bitcoin market in order to purchase at bargain prices, but sadly, they have never succeeded because they were always looking to purchase at extremely low costs in the hopes of making large gains. However, it is not the only way to profit greatly from your bitcoin investments. If you can keep your Bitcoin investment in place for a long time, you can undoubtedly profit greatly from it. So while I will agree that buying Bitcoin at any time is a smart idea, I won't only strongly advocate for doing so during the bull run.

[romero121]

Due to its extreme volatility, predicting the behavior of Bitcoin with certainty is impossible. Therefore, no one can definitively advise you to buy at the current moment or wait for a dip. As a financial decision, it ultimately rests on your shoulders. Set your own objectives and proceed accordingly. Success in achieving your targets depends on the whims of luck. The reality is that there are no foolproof methods for making perfect predictions in this realm; it involves taking risks and being prepared for potential outcomes.

The market is volatile and we can't be so sure about the price movements. When we look for an opportunity to buy, we don't see the price moving downward. This is some sort of experience that everyone could've felt. So, when you prefer to buy, just fix a target and go for it. If the target isn't reached, you could prefer to follow the DCA technique which helps you buy at an average price.

[kawetsriyanto]

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?

Why do you think BTC price is high now? You must understand that its ATH is about $68k-$69k, the current price isn't a half of its ATH ($29-$30k). So, I think the current price of BTC is still cheap. If you expect to buy when the price is below $25k or even below $20k, I think it won't happen again. IMHO, BTC price won't drop below $25k again, it looks quite stable to survive above $30k. Even if it may drop below $30k, it is likely to stay above $25k.

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.

Don't feel disappointed! You still have a chance to buy at a cheap price. Although you missed the opportunity to buy below $20k, you probably still have a chance to buy below $30k. Just wait for the next dump, I'm sure there will be a dump after a pump of Bitcoin price in the last few days. You can buy Bitcoin gradually, don't spend all your money at once.

[JoyMarsha]

As you have already mentioned in your post, the price of bitcoin was approximately $16k to $19k last year, but the pricing is not the same now. Bitcoin is now more expensive than it was last year. That merely demonstrates and indicates that the longer you wait for the price of Bitcoin to decrease, the more likely it is to do the opposite and rise in price.

Having said that, there isn't a discounted rate for someone looking to buy Bitcoin for a long time. Waiting patiently for the price to fall, may seem is not forthcoming as expected. It will be preferable to invest only the amount you can afford to lose. Since the $20k and $25k seems like it is not coming soon.

Invest while you still have the chance because, as the year draws to a close, Bitcoin may rise to $35,000-$40,000

[Ale88]

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?

If you have the money ready to invest you can simply start buying little by little month after month. You must understand that there is no way to know if and when bitcoin will go back at $20-25k, it could happen tomorrow just like it could never happen again and you would completely miss your entry opportunity. Right right bitcoin is like 60% below the previous ATH, it's not a bad price in my opinion.

[xSkylarx]

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?

If you have the money ready to invest you can simply start buying little by little month after month. You must understand that there is no way to know if and when bitcoin will go back at $20-25k, it could happen tomorrow just like it could never happen again and you would completely miss your entry opportunity. Right right bitcoin is like 60% below the previous ATH, it's not a bad price in my opinion.

there are a lot of people that got left behind because of the waiting game, waiting for the dip and turns out that is already the dip and then it starts to bull, you are right to accumulate it overtime, if you have spare money or add to your budget plan that this amount goes to investing to bitcoin rather than waiting on the dip, no matter what is the price or you can like try to learn to read charts on where best to buy it but again it is better to buy it on monthly basis coming from your savings so that you won't left behind.

[Essential10]

Due to its extreme volatility, predicting the behavior of Bitcoin with certainty is impossible. Therefore, no one can definitively advise you to buy at the current moment or wait for a dip. As a financial decision, it ultimately rests on your shoulders. Set your own objectives and proceed accordingly. Success in achieving your targets depends on the whims of luck. The reality is that there are no foolproof methods for making perfect predictions in this realm; it involves taking risks and being prepared for potential outcomes.

Currently, Bitcoin is going to be a household name. By household, I mean that more and more people are starting to know what Bitcoin is.The more people know about Bitcoin, the more people will accept Bitcoin. It will be the main currency when everyone accepts it. However, the number of accepted people is increasing day by day, we have seen in the past years that Bitcoin is getting more popular than it was in the past. Investing in crypto should be on every smart person's list now, in a few months you'll be glad you made the decision you made today.

[SmartCharpa]

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?

We cannot fully predict the future price of bitcoin, so if you really want to start investing now, you can start with a small amount that you can. Don't lose hope in it; either you buy and the price dip down or it pumps, if you can do that for a long time there's nothing to worry about. Remember that investing in bitcoin is not just about losing money. If you buy bitcoin, the price may rise above your expectations or it may dip, if you want to start investing at this moment you can go ahead the choice is yours.

Simply invest for a long time, and the price of bitcoin will come as a surprise to you. If you plan to start investing for short periods of time, you won't be able to make the kind of large profits that people who invest for long periods of time can, so my advice to you is to invest with the little you have for a long time in order to make a large profit.  

[KiaKia]

Bitcoin is still affordable as we speak, there will be some retracement but don't sit on your hands thinking that 10k Bitcoin is coming, you will miss out and regret later, buy what you can right now and keep accumulating, there is a lot of strength in the market and also a lot of weakness, there is no point looking for a better opportunities when you don't even know what tomorrow might bring, the future will forever remain unpredictable, so be smart at least to start buying some Bitcoin now, all I know is it will be too late to buy when the next halving is over, now there is still a lot of time left.

[Bobrox]

We found every where about recommended investing in bitcoin is Buy the Dip, can't predict when right time bitcoin on dip price because have some moment after our predicting bitcoin have been in dip but later make new dip. Its not wrong about recommended buy in the dip but we have not spent all fund to but in the one kinds bitcoin price. Make few percent difference between first and second investment in bitcoin, have chance for buy on another dip when bitcoin going down after first investment.

Right now seems bitcoin ideal in dip price, you can buy all in with your fund or spent until three entry investment for protecting if bitcoin going down later.

[Blitzboy]

No one can see into the future of Bitcoin or any other cryptocurrency with any degree of accuracy. Nothing can be said with any assurance about it. Buying high and selling low may make anyone nervous, and that fear is understandable. This is not a ride for the weak of stomach. However, a technique known as DCA can help. You commit to frequent, predetermined Bitcoin purchases regardless of market fluctuations. It disperses your vulnerability and could be the key to your success.

The answer to your query of whether the market is in a bear or bull phase is, lets be honest, highly speculative. There is a lot of talk, and most of it is just rhetoric. Best recommendation? Focus on the fundamentals: Dont listen to every Tom, Dick, and Harry on the internet; instead, do your own study, invest only what you can afford to lose, and pray.

[_BlackStar]

We found every where about recommended investing in bitcoin is Buy the Dip, can't predict when right time bitcoin on dip price because have some moment after our predicting bitcoin have been in dip but later make new dip. Its not wrong about recommended buy in the dip but we have not spent all fund to but in the one kinds bitcoin price. Make few percent difference between first and second investment in bitcoin, have chance for buy on another dip when bitcoin going down after first investment.

Buying on dips is a good strategy - but it's even more perfect if you combine it with DCA. Buy on the dip and do DCA - then you just need to focus on holding in the long term and exiting when your get a profit what your desired target.


OP - looks like this thread is worth moving to the trading discussion as there is a lot of discussion about trading or investing strategies.

Bitcoin Forum > Economy > Trading Discussion

[AmoreJaz]

It is impossible to know what will be the bitcoin price tomorrow. Moreover, most of the time a tentative decision is taken by reviewing various facts and figures. Sometimes that assumption may work and sometimes it may not. When the market is in a bit of a bearish trend, some investors think that it has the potential to go dipper than the current price. Again when the market is bullish bitcoin price may be bullish. But it really depends on an investor what he wants to do with Bitcoin. If he is a short-term trader, he can certainly take any decisions around the sudden and rapid changes in the market. And if he wants to hold Bitcoin for a long time, he should buy the current price. Above all, a buyer has to decide according to the market conditions.

buying in this market is indeed relies on what kind of investor you are. a short-term or long-term. and also the financial capability of the person himself. better not to go into this market if you only have money for your basic needs. you know what am saying here? there's no right or wrong entry in this market. so long you are practicing the simple rule of trading - buy low, sell high. you won't get screwed. however, do remember that it is not that easy to implement in actual scenario.

[lalabotax]

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?

In my opinion, I doubt Bitcoin will ever drop below $25k again, let alone below $20k. Because at this time, the price of Bitcoin has started to rise and it has entered Q3. Even though I'm also not 100% sure, if you look at the current trend and also the cycles from the charts in the market, it seems quite difficult to drop again, unless there is another large FUD which is very influential on the market. If it's $26k it's still possible, although I'm not sure. Because when there was FUD yesterday, the price of Bitcoin did not drop so drastically. So, what are you waiting for?
In my opinion, investing in Bitcoin requires some sort of the right strategy, and DCA is the wisest. Because we can kind of make purchases little by little at certain rates, so we don't just wait for prices to drop which later turns out to be too late to buy and ultimately regret it. buying Bitcoin doesn't have to be 1BT, so you can start doing DCA instead of having to wait for the price to drop below $20k which seems impossible.

[Smartvirus]

One who always looks out for a best time to buy when the market dips is one who is likely not to get the chance to buy at all. It’s the first step towards procrastination and eventually they never get to buy.

The bitcoin market is one of the most difficult to predict without any accurate source of information on market movers and you can’t depend largely on technical analysis to paint the full picture of what’s going to happen in the market.

The best approach for beginners has always been to DCA and have a long term plan towards keeping your asset. The price of bitcoin is still affordable and the time remains right still. There is very little reason to wait as, we are expecting a bullrun that would as well take price to yet a new ATH.

[wiss19]

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.

This is why he is here with us, with this post/thread because he can't decide for himself so he wants our opinion instead if what actions he must be doing. For now maybe BTC won't drop below $30k but later on, I still believe it can, so I suggest the OP to wait for it if he wants some discounts. The halving time or the bull time is still a long way to go so I'm confident about my prediction.

For those who will buy early like you, you can still hold hard if the price declines so that you will avoid losing and maybe on top of that you can continue buying for more. It is only wrong to buy when the price is at their highest peak already because after that is usually followed by a bear market and it will take a long time for us to see recovery or a bull run again.