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

[Latviand]

~

I agree. The market is unpredictable so we really can't pin point if we already reach the bottom or the price might start to climb up already. We're just speculating so it would be better to engage yourself based on your own analysis and understanding.

Nah, I don't think that your own analysis and research, it's in your best interest to still tread lightly unless you are certain that you're going to hit the jackpot when you trade although it's a different story depending on how your trade timeframe, if you're in it for the short-term then tread lightly but if not, then by all means trust your analysis and research.

[1714791014]

1714791014

[kotajikikox]

Introduction:

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.

what is the big difference from 20-25k to 30k? actually bitcoin price now is ranging from 29k so do you really need to wait that long before considering to start your investing or your journey ? what if this price not come as we are nearing halving? never become too greedy mate , a small difference is enough to start what you wanted to achieve as there are many of us has this same target before and admitted that they failed of their expectations and waiting.

[MarjorieZimmermanGinger]

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.

You can set a buy price at the current conditions and if you are able to study bitcoin's previous journey, then the price of bitcoin was at a much higher price than it is now. This means that currently it is still in good shape to collect bitcoins and the price may decrease or increase again in the future. If you don't have a lot of capital then the DCA strategy can also be used to collect bitcoins. Your doubts about trying to buy at a certain price will disappear, when you study the history of bitcoin's previous journey and from there you will set off to draw conclusions.

Learn first how to make the right investment because for the accumulation process there are many ways you can use, one of which is the DCA method that many people use to buy bitcoin at a certain price on a regular basis. Investment decisions depend on how knowledgeable you are about bitcoin because that's where the confidence to get involved in investing is born.

[Marvell1]

Introduction:

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.

what is the big difference from 20-25k to 30k? actually bitcoin price now is ranging from 29k so do you really need to wait that long before considering to start your investing or your journey ? what if this price not come as we are nearing halving? never become too greedy mate , a small difference is enough to start what you wanted to achieve as there are many of us has this same target before and admitted that they failed of their expectations and waiting.

If you invest a large amount, buying at $25k and $30k will have a significant difference, but if you invest with a small amount, it is true that there will not be too much difference. But I agree with you, it is a bad idea if we are too greedy and wait to buy low because bitcoin is unpredictable. While the bearish season is not over yet, there is no guarantee bitcoin will correct toward $25k or $20k again. Moreover, we have a DCA strategy, I wonder why many people don't use it and always ask for the lowest price to buy.

[Davian144]

Nah, I don't think that your own analysis and research, it's in your best interest to still tread lightly unless you are certain that you're going to hit the jackpot when you trade although it's a different story depending on how your trade timeframe, if you're in it for the short-term then tread lightly but if not, then by all means trust your analysis and research.

Analysis and research will always be useful for a trader, be it a short term trader, or a long term trader. But it is true that traders in the short term make more sense if they get very light profits many times so that the amount will also be large in the end, while those who instill the idea of trading in the long term, will probably think more about bigger profits with more flexible use of time too, of course. But I personally really like these two methods because the end goal is to make a profit.

[fzkto]

You are right, mate, the crypto market is usually and always dynamic, so there's no way one can tell what price is expected from now until the bull market, although some people are saying the price might likely drop below $27k, which I also don't doubt, but there's no guarantee for any price. For someone to win in a dynamic market movement, they need to just keep buying little by little, so that even when the price is high, they can just buy a small fraction, and any time the market has fallen to their desired price, they can spend any amount they want to buy with. Some investors don't even know the bottom when they see it. Some people will not buy Bitcoin even if the price falls to $28k today; they will change their minds and decide to wait for another price drop.

The people who say that that the price might drop at X USD and might go up at Y USD are all just predicting, even if they have an extensive research and thorough analysis, the market will always be unpredictable. Your advice of buying little by little in this kind of market seem kind of not a good idea to me, because I'm the kind of guy who wants to get in as much bitcoin at a certain price point with as much as I can afford. The people that don't want to buy even if the price continues to drop are the people that won't be satisfied and are indecisive when it comes to investing, they will never get in and always waiting for their right price.

It's a good way to buy in parts. And the truth is that no one knows what the price will be in a month or six months. The only correct thought should be that in less than a year there will be halving, and that in a few years the price will definitely be higher than it is now. The main thing is to set a target for when you will be ready to sell, so that you can buy cheaper again.

[fuguebtc]

You are right, mate, the crypto market is usually and always dynamic, so there's no way one can tell what price is expected from now until the bull market, although some people are saying the price might likely drop below $27k, which I also don't doubt, but there's no guarantee for any price. For someone to win in a dynamic market movement, they need to just keep buying little by little, so that even when the price is high, they can just buy a small fraction, and any time the market has fallen to their desired price, they can spend any amount they want to buy with. Some investors don't even know the bottom when they see it. Some people will not buy Bitcoin even if the price falls to $28k today; they will change their minds and decide to wait for another price drop.

The people who say that that the price might drop at X USD and might go up at Y USD are all just predicting, even if they have an extensive research and thorough analysis, the market will always be unpredictable. Your advice of buying little by little in this kind of market seem kind of not a good idea to me, because I'm the kind of guy who wants to get in as much bitcoin at a certain price point with as much as I can afford. The people that don't want to buy even if the price continues to drop are the people that won't be satisfied and are indecisive when it comes to investing, they will never get in and always waiting for their right price.

I agree with you, I am also a non-believer in technical analysis and it's all predictions and no one knows what will happen in the future. For me, there is no expert or analyst in the market, we are all the same when it comes to bitcoin price, and predictions can be right or wrong. And again you are right, the people who are always waiting for the right price to buy are the ones who will never buy even if bitcoin drops much more. They are indecisive and greedy people so they won't buy even if the price has dropped as they wanted before.

[beerlover]

If you invest a large amount, buying at $25k and $30k will have a significant difference, but if you invest with a small amount, it is true that there will not be too much difference. But I agree with you, it is a bad idea if we are too greedy and wait to buy low because bitcoin is unpredictable. While the bearish season is not over yet, there is no guarantee bitcoin will correct toward $25k or $20k again. Moreover, we have a DCA strategy, I wonder why many people don't use it and always ask for the lowest price to buy.

I feel like even when you are buying a large amount, the difference will be there but missing your chance would be even worse. Think about it this way, if you end up investing right when it's 30k, that would mean that you are going to make more than investing at 35k as well. So while chasing for 25k and waiting around, you could miss your chance to buy at 30k and be later to the party and get it at 35k instead and make less that way.

This is why I believe that it's going to be something very important and you should not worry about anything else at that moment. Realize that it's going to take a while to change that up and we should not be really considering that change all that much. I hope that people end up realizing that it's going to be a hard thing to miss, so in order not to regret the situation you should buy in whenever you can as quickly as you can as well. That's what I would have done, and it would be a smart choice, I have entered already for example.

[Latviand]

~

I agree with you, I am also a non-believer in technical analysis and it's all predictions and no one knows what will happen in the future.

Oh no, I'm a believer in technical analysis as you might believe me to be but I am not, I just said that when you're doing your own research and thorough analysis, it will still be the same but I forgot to add that those stuff helps you in some way, I mean if you are confident about your analysis then might as well jump the shark and bet on your prediction right?

~

For me, there is no expert or analyst in the market, we are all the same when it comes to bitcoin price, and predictions can be right or wrong.

I wouldn't say that with an absolute certainty, becoming an expert in something doesn't mean that you're always right, you become an expert because of experience and if you are wrong then you can take that experience as a lesson so when that happens again, you know what might happen next or you know what to do next. Also, what should we call those people that are talking about the market and they know what they're talking about and we agree with what they talk? Aren't those people experts?

[Gladitorcomeback]

Analysis and research will always be useful for a trader, be it a short term trader, or a long term trader. But it is true that traders in the short term make more sense if they get very light profits many times so that the amount will also be large in the end, while those who instill the idea of trading in the long term, will probably think more about bigger profits with more flexible use of time too, of course. But I personally really like these two methods because the end goal is to make a profit.

Both analysis and research play a very important role in trading and investing.Analysis and information are very important especially for short term investment or for day trading.You are right that in short term investment we always try to get small profit, while in long term investment we always wait for big profit.In short term investment we try to get profit again and again whereas in long term investment we make one time and then get a good profit after that.

It is true that in both ways we earn profit but in my opinion long term investment is better than short term investment. In short term investment there is a lot of mental engagement whereas in long term investment we buy once and then wait for a good return with peace of mind.

[Kemarit]

Analysis and research will always be useful for a trader, be it a short term trader, or a long term trader. But it is true that traders in the short term make more sense if they get very light profits many times so that the amount will also be large in the end, while those who instill the idea of trading in the long term, will probably think more about bigger profits with more flexible use of time too, of course. But I personally really like these two methods because the end goal is to make a profit.

Both analysis and research play a very important role in trading and investing.Analysis and information are very important especially for short term investment or for day trading.You are right that in short term investment we always try to get small profit, while in long term investment we always wait for big profit.In short term investment we try to get profit again and again whereas in long term investment we make one time and then get a good profit after that.

However, if you rely on research and analysis and yet you are not investing then it's useless. And if we are talking about Bitcoin, don't complicate things, yes you can also do TA, but look at the fundamentals and you will be good. And don't wait to buy, everyday is an opportunity to us specially that we are still in the middle of the bear market. Although we have recovered from the bottom price. But still at $29,000, still very good price to jump and we shouldn't wait.

It is true that in both ways we earn profit but in my opinion long term investment is better than short term investment. In short term investment there is a lot of mental engagement whereas in long term investment we buy once and then wait for a good return with peace of mind.

And after that, invest long term as you have said, again, there nothing difficult to explain with that plan. Just simple buy in dip or DCA and put it in our wallet and like HODL on it for a long time. And then just go sleep and rinse and repeat. It might be tough but at the end of the day, you have a peace of mind and in the future you will have a good profit.

[adultcrypto]

No one can say for a certainty what the actual bottom will be before we see the much-anticipated bull run. From my experience trading forex, so long as everyone is talking about bull run starting from 2024, price will most likely surge as we enter into second half of 2023 because people are already buying in preparation.

If you have faith in Bitcoin, there is never a wrong time to buy because you will surely make profit if you do not panic and sell... the when is what no one know.

[OgNasty]

If you have faith in Bitcoin, there is never a wrong time to buy because you will surely make profit if you do not panic and sell... the when is what no one know.

This is sort of the trick. If you have faith in Bitcoin and a long enough time preference, it’s very likely that a Bitcoin investment would be extremely beneficial for you. However, if you’re investing money you can’t afford to lose with a low time preference, it is highly likely you will panic sell and lose a bunch of money. This is how Bitcoin rewards it’s faithful and decimates the finances of the get rich quick types.

[Kelvinid]

Buying or investing it always on our preferred price. But I suggest not to wait for the dip as we never be going there and expect that until the bull season end. Besides, $30k is not really expensive compared to buying at $35k. We just think that we are moving forward to halving and the next is bull season, and even we can experience some price corrections but it never be low like we have in bear season. We just think that the price of Bitcoin 2 years from now is doubled (or even more) from the current price, meaning we are still in a huge profit if we can wait.

[philipma1957]

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?

you should set up 🆙.  A DCA

Say 50 or 100 or 200 a week. Say six months or 25 weeks  . at 200 a week it is 5000 if you do it for 25 weeks.

Then put in 10x 500 dollar ladder buys.

29k
28k
27k
26k
25k
24k
23k
22k
21k
20k

that would be 5000 and 5000 = 10000 invested over 25 weeks only if price drops to 20k

now if you cant afford to lose 10 k. do the same ratios but smaller amounts

a 100 dollar dca each week
and 250 in ladder buys from 29k to 20k

that would be 2500 + 2500 = 5000 over the next 25 weeks.

[kotajikikox]

Introduction:

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.

what is the big difference from 20-25k to 30k? actually bitcoin price now is ranging from 29k so do you really need to wait that long before considering to start your investing or your journey ? what if this price not come as we are nearing halving? never become too greedy mate , a small difference is enough to start what you wanted to achieve as there are many of us has this same target before and admitted that they failed of their expectations and waiting.

If you invest a large amount, buying at $25k and $30k will have a significant difference, but if you invest with a small amount, it is true that there will not be too much difference. But I agree with you, it is a bad idea if we are too greedy and wait to buy low because bitcoin is unpredictable. While the bearish season is not over yet, there is no guarantee bitcoin will correct toward $25k or $20k again. Moreover, we have a DCA strategy, I wonder why many people don't use it and always ask for the lowest price to buy.

That is actually my Point mate , unless OP is somekind of investing 10-100 bitcoin then he may consider that as a chance to buy low at 25k , but if is just putting a small chunk then why need to wait for such in a chance of not coming when we are in a neutral position of buying now.
and also why not take the advantage of buying couple months ago when the price even fall bellow 17k?
this is something that OP must understand.

[uswa56]

Buying or investing it always on our preferred price. But I suggest not to wait for the dip as we never be going there and expect that until the bull season end. Besides, $30k is not really expensive compared to buying at $35k. We just think that we are moving forward to halving and the next is bull season, and even we can experience some price corrections but it never be low like we have in bear season. We just think that the price of Bitcoin 2 years from now is doubled (or even more) from the current price, meaning we are still in a huge profit if we can wait.

We will never know which way the price will go in the future, with all the possibilities of a decrease or a higher price, for me to decide to buy or wait, we have to look at our future plans first, if we plan to invest long term, it's not wrong and no need to wait for the price to go down because I think now is the best price with movements that tend to be stable.
But if you plan to trade daily, then we have to make more accurate calculations to be able to take maximum profits.
Currently the price of Bitcoin tends to stabilize at a price close to 30k and it has been holding for a long time, so everything is possible in the future, but in the long term I have no doubt that we will be able to see the latest ATH again someday.

[bakasabo]

Just another topic, where OP is afraid to take responsibility for decision and ask others what to do with his money. Imo it does no matter when you buy, yesterday, today or tomorrow, during dip or at ATH, it is important how you gonna manage crypto that you have bought. You can sell it immediately after a tiny price drop, or hold until its value doubles. It is all up to you. First you ask should you buy, then you would ask when to sell. Is that what you want? Hesitating? Give funds for trust management to other person then, as you are one step closer to being a person who does not manage his funds.

[Ziskinberg]

It doesn't matter when you buy, whether it was during the dip or not because what really the most is that we are able to sell our coins at a profitable price. Because what does it make sense of waiting for the dip if we can't wait for the price to grow before selling and what is the sense of buying today and selling them tomorrow?

Overall, it lies on our decision making. Though we never know what will happen next but thinking about the upcoming bull season, buying today is a good idea.

[Pejoh Asu]

I think the best thing is to buy immediately, as we know that the potential for an increase in bitcoin to rise at the end of this year is very easy to happen, the halving day that will occur at the beginning of the year will cause a significant price spike so by buying now we can immediately get big profits.