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

[Rockstarguy]

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.

Bitcoin price Is always volatile which anything can happen,  it is wrong to have so much confidence on the market that the price will always just be the same it was predicted. I think the best thing to do not to get disappointed with the market is to invest and never to assume the Market will get to a particular price at a particular time, doing this it will hard to be disappointed with market when it falls because you already know that something like this can happen. Just keep on hodling and never believe on assumptions because it can't be  true the way you reason about it.

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[romero121]

No user or market analyst is able to predict the precise outcome of the match. Everything is some sort of assumption, coincidence, comparison with the previous year's price movement. Everything is on a cyclic process, so it is good to have a target set for buying rather than waiting for the bottom price. This could end up missing the opportunity to invest/buy at a better price.

[PIMPdev]

I'm DCAing in Bitcoin anyway. If it goes lower I'm trying to invest a little more. If it goes even lower sometimes I borrow some money, but not much to be able to pay it out easily.

[mv1986]

You cant really say that its a quack or wannabe but rather those people are simply to those who do love short trades and to those who do scalp out because trying out to look for the reversal would be the best sweet spot

on you to be placed on that possible bottom. Yes, it cant really be determined but since this market could really be having those support lines then for sure you would be at least having the idea on where you do make out
such entry. This is why i wont really be saying that they are just wanna be. It is really just do sucks that there were people who do still keep wishing on seeing the price of 20k or even below on which we know
that it isnt really that something realistic or something that cant really be possible due to strong supports that we do have on 25k level. No one did anticipate that 25k drop but it wasnt really that too deep.

Make actions basing up on your own analysis and understanding. Market is always been unpredictable and there's no way that we could really be able to determine on whats that turning point.

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.

I am sure that some have made consistent gains over a long period of time, but those who tell others that everyone can do it are just lying.

[ektotanes]

I'm trying to buy every Bitcoin dip in ownr wallet, not trying to guess the exact bottom.

The bigger your bag the better, and it doesn't matter if you bought the dip or the bottom.

[Peanutswar]

If you have knowledge in trading with the technical analysis and how does the market works, economy and the smart money concept you can easy identify what are the possible signals that the market would do.
This serve as a preparation for your next buy or sell of your holdings. Not always dip is the bottom and not always pump is the ATH, if you prepare for this you can make a better position to execute your buy and sell opportunities

[sokani]

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.

When Bitcoin got to $30,000, I'm among those persons that thought we won't see the $25k price mark again but I was wrong and Bitcoin took a trace back and it's currently sitting at $26.09k. There is no bottom especially for some persons that are hoping and expecting the price to go down further, the might miss this opportunity. All they have to do is to take a position and hodl because the market can turn green again at any time. The present market condition is always an opportunity for smart investors to buy the dip. As weak hands are offloading their Bitcoin, wise investors are buying and stacking their Bitcoin holdings.

[bitgolden]

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.

That should definitely be written on the wall of any trader. The richest people in the world all made their investments during the bear period to get in when everything is low, buy it, hold it until the market recovers and then got rich and possibly either keep holding it even longer, or sell it when it all goes up and wait for it to go down again.

This is the way most people get rich, they know that it is going to be possible to make as much profit as they possibly could and that is why I think it should be important. I know that it will take some time for them to make money because they buy it at the bear market and have to wait until the bull period, and that's not a single day, but wealth is not made in a single day anyway.

[MFahad]

According to my opinion if one identify that the market is lower in price than previous worth and now he have much money to invest in it then investment at that time will be profitable. If one cannot identity that at which rate he should buy the coin then comparing price of present with past will help them to take decision.

When one Waiting for more dip then sometime he loss the golden opportunity so the present stage is good for buying but those who don't buy yet due to the fear of losing money will regret I'm future. Most of the people are now thinking that bitcoin and other currencies will never come to higher worth again but they don't know that volatility is a key to success by accepting the lower price for buying and higher for selling.

[bayu7adi]

If one cannot identity that at which rate he should buy the coin then comparing price of present with past will help them to take decision.

Actually, this is what's causing confusion. Are you implying, at what time interval should we consider past prices as a valid benchmark?

Indeed, a few weeks ago, the BTC price stood higher than it does now, hovering around the $30k range. However, six months back, BTC was valued at $23k. If we stick to last week's prices, sure, it seems cheap, but if we take into account the value six months ago, it appears rather steep. As of now, the Bitcoin price sits at $26k.

Opting for gradual purchases would be more beneficial than comparing to historical prices. Additionally, BTC is currently at a support juncture, and if that level gives way, chances are the market will turn bearish. There's no telling what might occur before the halving period; surprises could manifest at any given moment.

[RockBell]

No user or market analyst is able to predict the precise outcome of the match. Everything is some sort of assumption, coincidence, comparison with the previous year's price movement. Everything is on a cyclic process, so it is good to have a target set for buying rather than waiting for the bottom price. This could end up missing the opportunity to invest/buy at a better price.

No one actually has the power to make a prediction of what the price will be and anything that happens like you said is always based on past history and records, and for this reason, occurrences frequently support the price of Bitcoin, I think that is were the issue of patience come in, for does that actually have bitcoin, you have to keep holding till the price comes to your favor because am sure no one will want to sell at lost, is always smart to know every single information so has to enjoy the entire bitcoin environment so as not to miss the opportunity it comes with.

[ethrhinoceros]

Buying the dip is like catching a wave, perfect for those who wanna ride it all the way up. No cap, even seasoned traders sometimes need a reminder to seize those opportunities. And you're right, whether you're a newbie or a crypto vet, the game is always evolving.

[Sanitough]

There is no right or wrong time when buying Bitcoin. When you enter the market, that's when your time starts, so it doesn't matter if you are buying the dip or the top. Give it the right time, and you will be making the profits for which you have invested for. It's all about holding for a long time. The more you hold, the more profit you can gain from Bitcoin investment.

Maybe you will make less profit, but you will be making profit from the car investment if you have the will to hold for a long term. Buying at low price will always give you advantage of making good profits. This whole we are market is an opportunity for us to fill our bags with more Bitcoin which you can buy at low price. Pinpointing the bottom is very hard, and you don't know when the price will be bullish again. This is why it is always advised to do DCA.

Buying bitcoin is already a good preparation to your bitcoin investment. It’s either you buy at the dip or at the top, that’s already your own strategy so you can be profitable when the market is bullish. However, if you want to maximize your future profits, then always buy when prices are in dips. That’s the best way to enter in the market so you can increase the volume of your bitcoin while prices are affordable. 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.

[Oasisman]

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

You might be new to crypto but I admire your courage and knowledge towards how bitcoin have worked and how it's price has been performing from the past 14 years.
Not everyone can think the way you do, even those who have been here for a year or two has no courage in doing what you do, instead they kept finding the bottom and kept missing it for sure. This method were actually used by several people in here and it is called the dollar cost averaging or DCA, it's where you will purchase smaller fractions in a cheaper price of course (dip) rather than purchasing it once at a certain point (bottom) which is ultimately hard to find.
IMO, considering how far bitcoin have gone in the most recent ATH and how close we are from the next bitcoin halving, $26k is already a good entry point.

[Oilacris]

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

You might be new to crypto but I admire your courage and knowledge towards how bitcoin have worked and how it's price has been performing from the past 14 years.
Not everyone can think the way you do, even those who have been here for a year or two has no courage in doing what you do, instead they kept finding the bottom and kept missing it for sure. This method were actually used by several people in here and it is called the dollar cost averaging or DCA, it's where you will purchase smaller fractions in a cheaper price of course (dip) rather than purchasing it once at a certain point (bottom) which is ultimately hard to find.
IMO, considering how far bitcoin have gone in the most recent ATH and how close we are from the next bitcoin halving, $26k is already a good entry point.

Even myself considered to be on this space for 7 years but still there are moments on which im really that a fan on trying out to look for the bottom price on which this is something that a common

behavior for someone to do so just because we are really that trying out to maximize possible profitability on which it is really that something normal for you to have this kind of approach when it comes to price movements which it is really that totally random or unpredictable. As a trader then you would really be finding yourself that be that trying out to maximize profitability and this is why its not really something that you could really be avoiding on finding the bottom but its true that whenever there's a dip then it wont really be that bad for you to make out some buy position.

Somewhat making up decisions on times like these wont really be that easy because you would be always having the thought that what if the price would go down even more?
You would really be that skeptical on making such step or movement just because you are really that being hindered with those probabilities.

[batang_bitcoin]

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.

Just buy on the dip whenever you feel that you've got extra cash because you'll still be the one to take advantage of it when the market recovers.

B: Because you will still make profit if you buy the dip

Only if you sell when the price is higher than the bought price.

C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.

That's true and many of those investors have been waiting for so long but many of them also panic sold.

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

Definitely, those that are long on this market have never been scared of the market after experiencing all of these volatility.

[n0ne]

If you have knowledge in trading with the technical analysis and how does the market works, economy and the smart money concept you can easy identify what are the possible signals that the market would do.
This serve as a preparation for your next buy or sell of your holdings. Not always dip is the bottom and not always pump is the ATH, if you prepare for this you can make a better position to execute your buy and sell opportunities

However you should also know to differentiate the cryptomarket from the traditional stock market trading, because with certain techniques the market moves can be predicted precisely. The same isn't possible with cryptocurrency. This makes the investment riskier and the waiting to experience the bottom price a difficult task.

In comparison to the peak price reached over the years time it is good to consider a price to buy. If the specific price point have got touched it is good to go with it rather than waiting long and missing opportunities.

[ChiBitCTy]

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.

[YUriy1991]

I'm DCAing in Bitcoin anyway. If it goes lower I'm trying to invest a little more. If it goes even lower sometimes I borrow some money, but not much to be able to pay it out easily.

Of course, it's a win-win solution right now and I like the way you think that you're practical, focused and unhurried. Like it or not, people's desire to know about Bitcoin has grown and indirectly Bitcoin has changed one's curiosity about the potential, greater benefits of Bitcoin and how Bitcoin can shape the future of digital finance that continues to evolve and the true purpose of investing in BTC itself .

[jasonjm]

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.

Although you raised some valid points, I respectfully disagree with you on when to buy the dip. Whenever there is a market correction, you might see a small pump now and then, but the price will ultimately fall. You have to follow the market trends for some time to see how the market will behave, then buy the dip, not that the price decreases slightly, and you are there to buy the dip. No one can predict the bottom, but you should keep in mind a certain price range to invest, i.e. I will buy Bitcoin when the price is between $20k to $25k.
Yes! For long-term holding, the buying price does not matter because, in the end, you are gaining profit, but why not increase the profit margin further by analysing the market and investing at the right time?