Don't wait for the bottom without buying in the Dip.

[kryptqnick]

I believe op's right that waiting for Bitcoin to reach the bottom without buying it in the meantime can easily lead to missing a chance to buy at a low price. The truth is, when Bitcoin's going down, people tend to wait for it to go even further down, but then when it's suddenly rising fast, people start buying at a significantly higher price than if they started when it was bearish. But there are different strategies and different goals, so things just don't work the same way for everyone. If a person's more comfortable with DCA, for example, that's perfectly fine as well.

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[naira]

Everything just needs to be simplified, so this is the conclusion Bitcoin with the pattern is always the same and it is proven how the lowest price moves to the highest price and the pattern will continue to be repeated. But what we're not doing is fixing the time this year, next year, or whatever. In essence, are you willing to bet or not? based on the belief that the current Bitcoin price will not see much in the future. Longtime investors don't say much, they already know they have to accumulate while it's happening and then enjoy the bull market. However, witnessing how the activities of new investors who continue to weigh short-term profits always ends with an unclear decision.

[DeathAngel]

Nobody can time the bottom, you’re extremely unlikely to be able to buy the absolute bottom (if it’s not in already @ 15.8k or whatever it was). We are currently at support but anything near ir below 20k is a great buy. Don’t obsess with the bottom, the time to buy is when everybody else is panicking. I don’t see much panic right now so maybe there is another leg down. Bitcoin will be over 100k before 2026 though so there isn’t much difference between buying now or at 21k for example.

[traderethereum]

Most people will still wait for the bottom price and not start buying even though the current price is lower than yesterday's price.
But sadly, people will not know when bitcoin will bottom out and by the time they do, they will be behind because the price has started to increase and can't hit the bottom anymore.
They want to buy at the lowest price but don't place a buy order and wait for the price to hit the bottom before they buy.
I suggest buying at a lot of low prices but not too close together so that any dips that occur in the market can fill your buy orders so you won't be left behind to buy at the lowest prices.

[Z-tight]

What i understand about the market now is that only people who believe in BTC take the opportunity to actually buy when the price is low and cheaper to afford, the weaker hands do not buy this time, they buy when the price starts to rise fast, this is when the fear of missing out makes a lot of people rush into the network and they make the price that was already rising to move up faster.

If you talk to the average person about buying BTC now, you will find out that too many of them will be uninterested, but if we suddenly go on a fast rise in price, that is when they become interested and will also want to buy to avoid missing out.

[Gladitorcomeback]

The best strategy, I think is to split your investment funds into parts and then go for DCA. 99% investors believe that btc will rise even if if we see some more dips. As btc price is not predictable and we don't know the bottom then buying at current price is good opportunity but we should keep fund also. Now If btc price start rising, then will not regret. similarly if price further downs then there is opportunity to buy more which will lower our buying average price..

People who are still waiting for dip are those who will say this word if btc down to 10k. I know many users around me who was saying when btc trading around 16k that btc will down to 8k and then we will take entry. If they had taken entry at that time, their btc would have almost 2x now. I am in the favor of buying low and sell high again and again with 10%-50% profit but still i like to hold 10% for long term according to D option.

[Ojima-ojo]

Regardless of where the price of Bitcoin ends, I will buy more at every discount price level, I don't mind holding for longer than a year or two since I only buy the percentage of funds that I can do without for a long time and this is the best possible approach for me personally as this have helped me to accumulate more Bitcoin along the way down.


I always buy a huge percentage of Bitcoin when the price is at a dip level, compared to when the price of Bitcoin is relatively high, There is a level at the price of Bitcoin will be, and I will restrain from buying for some time, till when the price drop a little, since I already understand the market cycles around Bitcoin.

[nelson4lov]

Everyone is entitled to their own biases that's why no one really knows where the bottom would be. The current price right now ($26k) might still dip again and go even lower that would present more opportunities to buy lower than the current market price. That's why DCA comes as a recommended approach since the average buy-in price gets averaged down to minimize losses if price goes lower than anticipated.

We are still in a bear market so the price might go lower than $20k price. There is also a possibility of the price reaching $30-40K price levels.

[Jawhead999]

People who're waiting at the bottom are perfectionist, this isn't good because no one in this world always making best decision in entire his life. There's always a mistake, wrong decision etc and we should accept it because it will make us to learn to become a better person. Maybe I missed to buy a shitcoin that worth $0.001 and in the next day it pump into $1, but at least I still make some profit in Bitcoin even it's not that big like that shitcoin.

[Hamza2424]

My reason for saying  buy the DIP while waiting for the bottom.

A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
B: Because you will still make profit if you buy the dip
C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.
D: If you are holding for a long term, you don't need to be scared of buying the dip.

thank you for reading my topic.

Dips are good opportunities but in the case of the market's initial times as at the start of the cycle if you are buying the dip in the full swing of the Cycle as close to the ATH and the market suddenly dumped and you are aggressively buying that can be your biggest mistake as for the living example after the last cycle ATH Michel Saylor aggressively accumulated the dip and until now they are suffering the loss I know their vision is too long term holdings, still not everyone can wait for the market for recover in  2 years.

Dip accumulation is good as you follow the tip "Be fearful when everyone is greedy and be greedy when everyone is fearful" while buying the dip. Still, some things are needed to be taken care off.

[bayu7adi]

It's quite possible that we're in a downturn right now, as Bitcoin has undergone a significant drop of over 10%. Stashing away a few BTC at this juncture seems like a smart move, given that some folks acquired it at a much higher price not long ago.

However, it might not be wise to immediately exhaust all your available FIAT funds at the current price point. The upcoming news landscape remains uncertain, especially considering this parallels the four-year cycle scenario. Just before the halving, Bitcoin tends to experience a bearish phase. This implies that allocating 10%-15% of your budget for Bitcoin isn't a bad decision.

If the bearish trend continues, we could set our sights on a price that's 5% below the current rate. Following the same pattern for the second and third 5% increments until our budget is fully utilized would also be a viable strategy.

[SamReomo]

Maybe this is just my own clap of hand to seek a small attention from every Bitcoin Investor, precisely for new Bitcoin Investor because I know that most the experienced investors already knows better than I do, I guess so. Not to say more or less, I just know that this concerns us all.

I was thinking that before the end of this year Bitcoin will spike and get to $60k or not lower than $40k or far above it and it has just been my prediction, I also did not think that Bitcoin will even drop bellow the $28k level again this year, but I believe I got disappointed on my assumption and it was really a good thing that my assumption failed, because if it had not, I will not be able to buy bitcoin around $26k and also bought in $25k.

I know one day I will look at my portfolio and I will be happy for Investing in Bitcoin.

Like I said that this is just a clap of hands to call our attention because I know it concerns us that we need to buy the dip, even if we are waiting for the bottom, but you can still buy the dip and keep it in your portfolio, because Bitcoin price just don't fall in the hands of any man or authority to control. you can be waiting for the bottom and the price of Bitcoin will just begine to go bullish again.

My reason for saying  buy the DIP while waiting for the bottom.

A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
B: Because you will still make profit if you buy the dip
C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.
D: If you are holding for a long term, you don't need to be scared of buying the dip.

thank you for reading my topic.

I agree with you that buying at dip is the way to go and we should not wait more for such dips because it's already a very low price tag on Bitcoin and sooner or later the value of Bitcoin will increase once again and those who missed this dip will always be wondering that why they haven't accumulated some Bitcoin during this dip. This dip is always going to be profitable for the ones who have invested in Bitcoin during this dip and I agree that they will make far more profits than the ones who buy after the dip.

I think the current dip is almost close to Bitcoin's bottom and it won't go down anymore after this dip. If you really want to accumulate Bitcoin than this is going to be the last chance for you to get it at such a cheap price mark. I'm quite sure that after sometime the value of Bitcoin will be trading over $30k once again and then it'll be trader over $40 during the final month of this year. The ones who know the crypto market will most probably take advantage of such rare dips because they know that if they miss the dip this time then they will miss a great oppurtunity of your life.

[pawanjain]

D: If you are holding for a long term, you don't need to be scared of buying the dip.

That is what matters. If we are in for the long game then we won't be afraid of these dips.
In fact, consider these dips as a discount sale where you get the opportunity to buy at cheaper price.
That is the only how we can have a peaceful mind while the others are panicking.
That is how we will learn to hold like diamond hands.

[Salahmu]

In times of buying Bitcoin no time is wrong considering it potential but I also agree with you OP on buying the dip because waiting more for the price to drop could be a big mistake because nobody can predict the market movement it could be that while your waiting for Bitcoin to drop more than the way it is now and it bounce back going up and you start regreting if you had knowed you could have venture into it and boost your portfolio.

Most speculation has it that Bitcoin will drop more but is still all based on assumption because nobody knows what will happen next on Bitcoin so the best way in other not to be completely left out is structuring your portfolio in a way that will not affect your financial state if you get to Bitcoin market and it moves against you.

[Issa56]

I was thinking that before the end of this year Bitcoin will spike and get to $60k or not lower than $40k or far above it and it has just been my prediction, I also did not think that Bitcoin will even drop bellow the $28k level again this year, but I believe I got disappointed on my assumption and it was really a good thing that my assumption failed, because if it had not, I will not be able to buy bitcoin around $26k and also bought in $25k.

I don’t predict how high or low the bitcoin price will go because nobody knows the amount at which bitcoin will be at a particular time. You might be expecting a pump from bitcoin, but bitcoin will end up dumping. I don’t know why you are disturbed by the price at which you bought bitcoin, you can never buy the bottom. If you keep on waiting for bitcoin to dump to the lowest price, then you might end up missing out because nobody knows the lowest price bitcoin will hit, so just do your analysis, and whenever you see a good entry, then you can just decide to enter. If you are waiting for the bottom, bitcoin might have hit the bottom without you knowing it. You will keep on waiting for more dip, but you might end up not seeing bitcoin at that price again.

[SOKO-DEKE]

My reason for saying  buy the DIP while waiting for the bottom.

A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
B: Because you will still make profit if you buy the dip
C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.
D: If you are holding for a long term, you don't need to be scared of buying the dip.

I believe everyone who is a Bitcoin investor will like to get their Bitcoin when the price of Bitcoin is down so they can make a reasonable profit, but seriously, it is not easy to predict the movement of Bitcoin's price. I will say the best way most Bitcoin investors always get their Bitcoin with the aim of making a good profit is by using the DCA method, which means gradually buying Bitcoin, not buying it all at once. I believe the method will minimize our risk. Even if someone holds it for a long time, getting it at dip will make him or her make a great profit, so I just believe everyone wants to buy it at dip, but it is not possible to get it at all at same price level. Some people have to buy it at a certain high price so the price of Bitcoin can keep moving.

[suzanne5223]

I was thinking that before the end of this year Bitcoin will spike and get to $60k or not lower than $40k or far above it and it has just been my prediction, I also did not think that Bitcoin will even drop bellow the $28k level again this year, but I believe I got disappointed on my assumption and it was really a good thing that my assumption failed, because if it had not, I will not be able to buy bitcoin around $26k and also bought in $25k.

I consider the 5 month market to the year of the halving to be a market that everyone don't need to predict because the BTC market always replicates almost the same momentum in those months and if you check the previous years next to BTC halving year you'll see that the market always make new bottom price before it start a new bullish trend which will then last till when the halving effect is over.

I know one day I will look at my portfolio and I will be happy for Investing in Bitcoin.

That based on how you choose to hold your BTC investment for the long term and how you secure your wallet.

[KiaKia]

Nobody can time the bottom, you’re extremely unlikely to be able to buy the absolute bottom (if it’s not in already @ 15.8k or whatever it was). We are currently at support but anything near ir below 20k is a great buy. Don’t obsess with the bottom, the time to buy is when everybody else is panicking. I don’t see much panic right now so maybe there is another leg down. Bitcoin will be over 100k before 2026 though so there isn’t much difference between buying now or at 21k for example.

Well said, maybe we've already missed the ultimate bottom of 15.8k, and I doubt if Bitcoin will ever go lower again, maybe $20k or even $17k, That's if it's going to happen, I have some spot trading option opened at this range already, using 2k this that's if it's ever going to happen, I've bought heavily at $17k last year and also at 15k too, I feel so good taking the bold step already, I am not trying to say I am lucky, I just did what I believe it right thing to do.

Right now, buying at 25k isn't much of a difference to buying at the 29k range, but if a heavy dip comes again I will definitely not miss the chance again, The best thing to ever happen to me in this bear market is buying Bitcoin at the lowest.

[Awaklara]

the obstacle for beginners to invest in Bitcoin is their psychology which grows doubts and panic every time they see the price continue to fall.
Buying when the price drops and collecting until the price increases so that it will give you a profit is a simple step that many people talk about when planning an investment. but to beginners, it seems that words alone are not enough to convince them. so I think when beginners in Bitcoin investment have enough experience, then they will be more calm and consistent with their investment planning.

[m2017]

Am not sure what are the plans of those who wanted to wait for complete bottoming
when the truth is? it is so hard to timing , because mostly before the bottoming , we are not here to rush instead crypto investing is waiting time .
we have seen many that wrongly treat bitcoin and they are now  a big losers.

Many greed for more and hence they miss the best opportunity to buy the coins for cheap. If you are able to buy the coins under 25k usd, then consider yourself lucky and buy the coin irrespective of its price. You should start accumulating the coins when you see a dip. If you expect that bitcoins will go more down and then only you will buy then definitely you will miss the best price where Bitcoins can be brought. I won’t advice anyone to buy, the smart ones already know what need to be done.

It's not about being smart, it's about experience and knowledge. Those who are quite experienced already know how to operate and have a rough idea of the cryptomarket. OP had erroneous expectations about $40-60.000 by the end of the year just because he is a beginner. The more experienced have already seen BTC price fluctuations many times, as well as a pattern with bitcoin cycles and halving, therefore, it is still early for growth. It is naive to try to catch the most profitable failing point for buying btc, i.e. buy as soon as possible. You should be content with the results that you can realize. The figure of $25.000, voiced by you now, I believe, is already problematic to catch. Don't forget that the current exchange rate is $29.000 (although this can change quickly).