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

[lienfaye]

Well, it's understandable if some investors are hesitating to buy when the price is declining since they're waiting for the bottom. The problem is we can't pin point what's the lowest price to buy. Therefore DCA strategy might work for investors who have worries when buying.

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

Indeed. Because regardless of what the current condition is, you won't be affected since you're a long term hodler. This is one of the benefit of holding for long period, less worries and you don't have to panic when the market is in bearish.

[1715360576]

1715360576

[xSkylarx]

No one has any real clue exactly how things are going to play out.  The best course of action is to simply DCA/Dollar Cost Average in to bitcoin.  Bitcoin could easily jump to 30,000 here in the next few days, or it could just as easily drop down to 20,000 in the same time span.  My recommendations would be to continue to put small amounts in each month.  Or maybe not small, but equal amounts, not trying to time the market.

As long as you can afford it because others like waiting for deep and they aren't knowledgeable; they are kind of in the waiting game that they don't know what's going on. For those kinds of people that like buying in small bits, like every salary, it is best to buy it when they can and accumulate it over time rather than waiting on a dip, which you don't know when, and the volatility aspects of bitcoin will make you feel left behind, and again, you'll regret not purchasing it at that time.

[justdimin]

I assume that Cryptomultiplier was more referring to the vast majority of so called traders who try to tell people what the bottom is, what the perfect dip is and when we finally have entered a bull run again. But in reality most of that is no better than blindly throwing darts at a dartboard. The number of people who are making gains from long-term day trading, shorting markets and using leverage is tiny. It is a small percentage of people who literally dedicate 24/7 to get their trades right most of the time.

But you brought up so called support levels and this is where the first big issue arises. What does any of those identified support levels help you when uncertainty hits and Bitcoin experiences a major blow because of an unexpected event? How many short positions from experienced high volume traders get squeezed on a regular basis? People say that those who lose even as experienced traders didn't show a sufficient level of self-control, but the fact rather is that they can't control for everything and day-trading makes you money only when you are in the market. But the risky tails of the probability distribution are what can kill significant positions from any trader.

That is true, all of them are making a prediction and they are not really making that profit neither, not the one they claim at least. They show you the good trades that they make, and hide the bad ones they made, that way you could see the 10 trades that made me 100%+ return, but not see the 50 trades I made a loss on.

This is why it's quite important to learn about it yourself since that would guarantee that you will make some profit. I do not think that it will be that hard, it should be not impossible to learn how to trade and if you can do that then the return will be amazing. Hopefully it will become something that is important and should be great for you when you start to make a lot of profits from it as well.

[Sebas.tian]

I have loss my fear since last year when the price of Bitcoin was struggling to reach $30,000, but the price continue dumping to the level of $20,000 that make me to made up my mind never to sell my Bitcoin until the price reach $50,000 before I can sell to embrace profits. Now that the price of Bitcoin has decreased in the market, I don't think I need to buy Bitcoin in this season again than to continue holding the ones I bought with huge amount of capital which I know if the price hit $50,000 or $60,000 I will smile. It will be favourable if anyone can use this opportunity to buy Bitcoin and hold, because the price of Bitcoin is still below $26,035, which it will help both long and short term investors to make a good profits when the price hit higher in future.

[Rabata]

A Bitcoin investor cannot buy from the highest dip. That's why he must be patient, not only that, there are many investors who waited for the dip and subsequently faced huge losses as Bitcoin became bullish. We should invest in Bitcoin by doing a research on how long we can hold considering the current market. If you are a long-term Bitcoin holder, you can imagine the current price as a dip. On the other hand, if you are a short-term investor, you can wait a little longer. But the key point is that if you want to avoid risk, there is no alternative to investing by planning for the long term.

[serveria.com]

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 mostly agree, mainly with the part in bold and also the list. Great points and all. But it's not clear why you expected Bitcoin price to soar and reach $60k this year? This year is mostly sideways, with a slight pre-halving dump in the end of the year. We can expect a pump early next year right before the halving and also after it. We may expect a moonshot right to the ATH arena.

[tjtonmoy]

On the other hand, buying at the top is like you are adding to the hype. And when its price suddenly drops, you start to panic seeing you are starting to lose your future profits.

Emotion control is essential when it comes to Bitcoin investment. Doesn't matter which one or where you buy, it could be the very top or the bottom, it shouldn't bother you a bit. And I don't think having good emotion control would lead to panic. If the vision in to Hodl for a long time, then it is better to just forget about those coins that you own.

And future profits or loss is uncertain or unpredictable when it comes to Bitcoin investment. You just know that this will happen, and this event will lead to this, which will eventually push Bitcoin's price up. We all know what I am talking about. But the exact amount or the exact time is unknown. So why think and get panicked about something that is not there yet, and only the future can tell the difference?

Focus on your goal. Set a target and just wait till it's fulfilled. Could take days, months or years. But it will happen eventually. So focus on that.

[Blitzboy]

Do you understand the magnitude of what we're dealing with? Bitcoin is not just another stock or asset. Its a fundamental shift, an upheaval in the financial world order. Your analysis? Its raw, unfiltered, and valuable. Kudos to you for attempting to grasp this beast.

Now, Bitcoin is volatile, unpredictable. Anyone who says otherwise is feeding you lies. But here's where I align with your thinking: Buying the dip is strategic! When history looks back, it wont remember the minor fluctuations. It will see the audacious individuals who believed, invested, and propelled a revolution.

Your points A through D are apt, especially the bit about the market recovering faster than anticipated. But remember, this isnt a sprint; its a marathon. You're right; those who bought high will envy those who saw opportunity when everyone else saw despair. Stand firm, trust the process, and understand that Bitcoin’s evolution is much larger than its current price.

[raidarksword]

Waiting for the dip is a bit hard to predict and no one can do anything about it hence market is fast paced that moves instantly every day and don't rest all. DCA would be a great solution for buying and stocking assets during the bear market and dip market is just a bonus to buy more at low price. Remember people waiting for bitcoin to dip at $10k? It never happened at all otherwise it pumped hard back to the top and leaving $10k boys at the bottom.

[coinerer]

Waiting for the dip is a bit hard to predict and no one can do anything about it hence market is fast paced that moves instantly every day and don't rest all. DCA would be a great solution for buying and stocking assets during the bear market and dip market is just a bonus to buy more at low price. Remember people waiting for bitcoin to dip at $10k? It never happened at all otherwise it pumped hard back to the top and leaving $10k boys at the bottom.

Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.

[Solosanz]

Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.

High unlikely because I don't smell anything bad in the current global economy, actually the inflation rate is keep lower and lower except few countries. There's possibility Bitcoin price might went down to $10K, but it's not this year or next year, maybe in 2026 where bear season happen after a year of bull season.

We might bought Bitcoin at quite higher than the bottom, but there's nothing wrong as long as we're making good amount of profit isn't?

[Victorik]

The fact is just find a good entry point that you are comfortable with and buy. A dip today was once an all time high, so what if you buy and it dips further?

[legendbtc]

Waiting for the dip is a bit hard to predict and no one can do anything about it hence market is fast paced that moves instantly every day and don't rest all. DCA would be a great solution for buying and stocking assets during the bear market and dip market is just a bonus to buy more at low price. Remember people waiting for bitcoin to dip at $10k? It never happened at all otherwise it pumped hard back to the top and leaving $10k boys at the bottom.

Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.

Bitcoin is unlikely to drop to 10k again, but the possibility of dropping to 20k is not too difficult, you are too subjective if you think bitcoin will never drop to 20k again. If we had another black swan strike, even adding millions of new investors wouldn't be able to stop the bitcoin dumping. Like many are saying that the halving event is approaching and the demand for bitcoin will increase, bitcoin will never drop below $30k. But in the end, bitcoin is still trading below $26k once again. 

Don't be subjective!.

[superman184]

The fact is just find a good entry point that you are comfortable with and buy. A dip today was once an all time high, so what if you buy and it dips further?

If someone has bought at a certain price point and then the price has fallen far from the price he once bought, then the key is to be patient and store Bitcoin or whatever you have purchased in a safe place. Because as long as he is holding it and not selling at a lower price, he is not considered a loser because he still has enough time to wait for the next increase in Bitcoin or in whatever he has bought. So a person's level of consistency will be more visible when he is willing to survive when tested by falling prices in the market.

[Crypto Library]

Waiting for the dip is a bit hard to predict and no one can do anything about it hence market is fast paced that moves instantly every day and don't rest all. DCA would be a great solution for buying and stocking assets during the bear market and dip market is just a bonus to buy more at low price. Remember people waiting for bitcoin to dip at $10k? It never happened at all otherwise it pumped hard back to the top and leaving $10k boys at the bottom.

Do you think Bitcoin price can fall below $10k dollars? This may or may not ever happen because Bitcoin has a lot of support and more people are involved in Bitcoin than ever before so Bitcoin may never drop below $20,000 again even though we had a great opportunity to buy and collect Bitcoin a few months ago because when Bitcoin The price dropped to $15,000. But yes DCA can be a great solution since we can't predict the price of Bitcoin for granted so it is not possible to predict exactly when the price will be. Therefore if we follow DCA then our purchase price will be minimized and loss recovery will be possible quickly.

The price of Bitcoin may drop to $10k but the probability is very low but it is not impossible because after its price peaked at $68k it went back to $15k and previously we saw Bitcoin first break through $20k and then back down to $3200. Nothing is impossible for Bitcoin. So the best way to invest Bitcoin is to follow DCA. Everyone wants to buy bitcoins at a low price because the lower the price of bitcoins, the more profit you can make. We miss many opportunities while waiting for it. Because it is not possible for anyone to accurately predict its price, its price changes can only be estimated by analyzing trading charts and analyzing various situations only. so DCA is the best strategy

[Stedsm]

--snip--

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.

The first 2 points are valid, however it's not that some institutional investors bought at the highs as you said and only retail investors were the ones who got trapped by institutional whales at high prices (this is for your 3rd point). And about hodling, it's obvious that nobody gets scared at all because they've got balls of iron and they literally won't panic sell even if it crashes hard. However, I do believe that buying at some stages is good in order to keep up with the DCA strategy and minimize your losses ahead.

[irhact]

Well, it's understandable if some investors are hesitating to buy when the price is declining since they're waiting for the bottom. The problem is we can't pin point what's the lowest price to buy. Therefore DCA strategy might work for investors who have worries when buying.

Procrastinating is the reason why investors that were waiting for the dip to buy Bitcoin would see the market dipping and refuse to buy. We can't catch the bottom of the market and it'll be pointless to try to time it. The best strategy is to DCA and wait for the bull market to take profits. If you keep procrastinate when to buy Bitcoin, you would end up not buying and you will regret it in the future when bitcoin is rising and you don't hold any bitcoin in your wallet.

When you have a targetted price that you're waiting to buy Bitcoin, you can buy other dips that are closed to the price you set while you wait on the market to continue dipping then you can buy more to add to your investment and that way you won't miss owning bitcoin.

[panganib999]

This is as low as you can get with bitcoin. If you're waiting for an even lower value to entry you're going to be too late to the party one way or another. So might as well just buy the current price point and stock up on bitcoins whenever you can. I myself would recommend the DCA strategy as it makes sure you don't get left behind on the bitcoin party no matter what the price point is at the time. If buying bitcoins on an interval isn't much your style, just buy it as much as possible. Makes sure that you have a stake at it no matter what.

Don't wait it out, the market's not going to wait for you. It's either you make the choice or you lose the chance.

[Wakate]

No one has any real clue exactly how things are going to play out.  The best course of action is to simply DCA/Dollar Cost Average in to bitcoin.  Bitcoin could easily jump to 30,000 here in the next few days, or it could just as easily drop down to 20,000 in the same time span.  My recommendations would be to continue to put small amounts in each month.  Or maybe not small, but equal amounts, not trying to time the market.

As long as you can afford it because others like waiting for deep and they aren't knowledgeable; they are kind of in the waiting game that they don't know what's going on. For those kinds of people that like buying in small bits, like every salary, it is best to buy it when they can and accumulate it over time rather than waiting on a dip, which you don't know when, and the volatility aspects of bitcoin will make you feel left behind, and again, you'll regret not purchasing it at that time.

It is not necessary talking about the dip when some persons will still not care about it. The dip is a good time to buy and keep for the future but it's only for those that have the fund and can afford to buy it. The people that would make huge money from the dip are the rich people that have excess money to buy large amount of Bitcoin and keep for when the market will be ready for them to sell there. The working class especially those that don't have the fund to clear all there bills will keep planning to buy but may never buy at all because of insufficient funds.

[YUriy1991]

No one has any real clue exactly how things are going to play out.  The best course of action is to simply DCA/Dollar Cost Average in to bitcoin.  Bitcoin could easily jump to 30,000 here in the next few days, or it could just as easily drop down to 20,000 in the same time span.  My recommendations would be to continue to put small amounts in each month.  Or maybe not small, but equal amounts, not trying to time the market.

I myself agree, forcing all of our funds into BTC for now without using the DCA pattern is still risky, that is if there is a further correction but, if we can manage our funds in installments for every decrease in BTC that occurs I feel there is satisfaction in itself, meaning always got a very reasonable price at that time. If All in only at that moment. Yes. You are right . Bitcoin can easily go up and down at any time and a trading technique using DCA is one way to work around this.