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

[LittleBitFunny]

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?

I also don't believe bitcoin will drop to 10k but we should still be careful with everything because nothing is impossible with bitcoin. Moreover, last night, the Fed Chairman also said that inflation is still high and likely to return, so it is likely that they will continue to raise interest rates further. Although this news does not make the market volatile, we also need to be careful with what they say. I still don't see anything stabilizing with the macroeconomic situation.

If bitcoin can't drop to $10k this bear season don't expect to see that price next season as bitcoin bottoms after each cycle will be much higher.

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[Blitzboy]

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.

Bitcoin stands as a revolution. While I see where you're coming from, thinking this is the lowest dip, one can never truly predict the volatile of cryptocurrencies. If there's anything history has taught us, its that nothing remains static. We must adapt and learn the ebb and flow of the digital economy.

The DCA strategy is indeed wise; its like evolution in small steps, preparing you for the future. But lets not be slaves to urgency; remember, its the big picture that matters. Dont rush. Analyze, strategize, and then act. Time doesnt wait, but an informed choice is better than a hasty one.

[Humblevirus]

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.

It always  every hard to predict the direction price Bitcoin, and that why reason we are always ask to invest what we can afford to lose.timing Bitcoin price some time is what make some is what courses some failures in cryptocurrency industry, it lead some people to invest what they cannot afford lose because their thinking is this that they will make profit as time they predicted.but who knows what happens to Bitcoin price will happen before the end of December as you predicted but I can't really say that Bitcoin price can pick $40k before December.

[coinerer]

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?

I also don't believe bitcoin will drop to 10k but we should still be careful with everything because nothing is impossible with bitcoin. Moreover, last night, the Fed Chairman also said that inflation is still high and likely to return, so it is likely that they will continue to raise interest rates further. Although this news does not make the market volatile, we also need to be careful with what they say. I still don't see anything stabilizing with the macroeconomic situation.

If bitcoin can't drop to $10k this bear season don't expect to see that price next season as bitcoin bottoms after each cycle will be much higher.

spaceX suddenly selling their stored bitcoins has some bad effect on bitcoin and because of that the price of bitcoin drops a bit but it is very unlikely that the price of bitcoin will go down to $10k.  Those who wait for this will once again miss a great opportunity.  Because this time, if the price of Bitcoin increases, it will not drop easily. So it is not wise to wait for bitcoin price 10k like a fool if one really wants to gain something good from bitcoin investment.

[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?

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.

Sometimes this applies to solid projects with utilities and not.just any coin/token, because there are some tokens that have dipped and despite how hard the team is working, they never seem to recover..

[Ale88]

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.

Sometimes this applies to solid projects with utilities and not.just any coin/token, because there are some tokens that have dipped and despite how hard the team is working, they never seem to recover..

Altcoins are a totally different thing from bitcoin. If I hold bitcoin at loss I'm 99.99% sure that at some point, maybe in 1 month of maybe in 1 year, the price will recover; with altcoins you never know because if the price keeps tanking even the same people behind the project could decide that at that point is simply better to sell all the coins/tokens they own and abandon the project. With bitcoin that is not possible.

[wiss19]

It's obviously not wise to keep waiting for the bottom and don't buy when the market has already taken a plunge, this is why DCA is a very useful method for accumulating cryptocurrencies during the dips because if you buy with everything you have and then the market dips even more, you will regret your decisions, and the same will happen if the market recovers back without going any further declines, you will still feel bad for not buying when the time was right.

So, it's the best way to simply start doing DCA as soon as the market starts dipping so that you don't regret it no matter which way the market moves next. When you DCA, you will always have some money left for buying more and even if the market goes up, you won't regret since you've bought some.

[Outhue]

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.

Tell that to those who entered the market when Bitcoin was at 69k, even if they are very strong and they decide to hold, they won't make any gains until Bitcoin goes over 69k in the next bull market.

Buy at the top is not a good strategy, if anyone enters crypto market when the prices have already skyrocket, they should hold their horses and wait for bear market.

The best time to enter the crypto market will always be the bear market, not the bull market, all that's left is FOMO and it's more dangerous to get caught in FOMO.

[tjtonmoy]

~Snip

Well, those who bought the top are still making profits if they are smart enough. I am sure they did not put all their money in one go. If they are strong hodler, then they know their shit. They know how to diversify their investment. If you are in the game long enough, you will know that. Always keep some extra as a backup while investing in Bitcoin. No one knows what will happen and when a big opportunity will arrive. In order not to miss it, you need to always keep some separate funds. That will help you buy in other opportunities.

Those who have bought Bitcoin at the top, are not stuck to that one investment. I am sure they are focusing on other trades. Never put your all in one trade or trade with something that you can't afford to lose. So I don't have to tell those who bought at 69k. They already know. They are waiting for the bull run and focusing on other things. So that's that. If someone is not able to get the best out of trading, do DCA. It's your best friend till the next pump.

[MFahad]

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.

Simple is that you have to see your buying price because you cannot sell your coin in a value lower than buying price for example you bought bitcoin when the price was 18k$ so surely you will have maximum amount at this stage as even the market is decrease in price but it is higher if we compared it with your buying rate.

Selling of bitcoin is not a good option when situations are like this because this bear market is not permanent but actually it is temporary which will end very soon. But selling is better for those who always get terrified when market goes down so instead of going towards wrong and defeated way one should clarify about the rate in which he can get benefit.

[bayu7adi]

Simple is that you have to see your buying price because you cannot sell your coin in a value lower than buying price for example you bought bitcoin when the price was 18k$ so surely you will have maximum amount at this stage as even the market is decrease in price but it is higher if we compared it with your buying rate.

Selling of bitcoin is not a good option when situations are like this because this bear market is not permanent but actually it is temporary which will end very soon. But selling is better for those who always get terrified when market goes down so instead of going towards wrong and defeated way one should clarify about the rate in which he can get benefit.

Indeed, it's true that we should sell Bitcoin at a higher price than what we bought it for. However, the market never moves precisely as we predict, and there's no guarantee that Bitcoin's price will follow technical analysis patterns. So, we need to have a strategy in place to ensure our entry points aren't too high. Instead of waiting for the bearish market to conclude and the next pumping moment, timing remains uncertain.

Considering the current bearish market, it's better to employ Dollar-Cost Averaging (DCA) to gradually acquire some Bitcoin using available fiat. If there isn't enough fiat supply, hodling is the only option.

[koang]

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

You are 100% Right.
Someday gold will be cheaper to manufacture, or they will come with a new technology that will make mining cheaper
Bitcoin supply and mining cannot be changed without consensus.
Just 21M Bitcoin! It's Ultimate scarcity. That's why Bitcoin is so valuable.

[Russlenat]

If you want to increase the volume of bitcoin in your portfolio, then make sure to maximize your bitcoin accumulation as well through buying in every dip or through DCA, buying every time you have the resources to make it happen. However, if you are into long term hodling, even if you buy at a higher price that will not bother you anymore, because you are going to sell when it only reaches its highest peak, and while the price is not impressive yet, patience will definitely help you more to hold it tight for a longer time.

[serjent05]

If you want to increase the volume of bitcoin in your portfolio, then make sure to maximize your bitcoin accumulation as well through buying in every dip or through DCA, buying every time you have the resources to make it happen. However, if you are into long term hodling, even if you buy at a higher price that will not bother you anymore, because you are going to sell when it only reaches its highest peak, and while the price is not impressive yet, patience will definitely help you more to hold it tight for a longer time.

If we are talking about maximizing Bitcoin accumulation, trading is the best way to do it.  I agree that DCA every lower low is the safest approach, but it does not maximize the efficiency of Bitcoin accumulation because it does not take advantage of the volatility of the market.  So if one has the knacks in trading, instead of being idle while waiting for every dip of Bitcoin, it is more time efficient if we do both DCA and trading.

[SmartCharpa]

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.

That's what some investors need to understand about cryptocurrencies: you can't just join them and start making profits right away; it takes time and patience to learn how to profit from them. This is all about long-term investing, but some people seem to think that cryptocurrencies are just an easy way to get rich quickly. For instance, with bitcoin, we know that the price can increase at any time and then drop again. But it is particularly horrible when some individuals have that attitude toward investing in cryptocurrencies. Buying at a cheap price or a high price doesn't ensure that you are going to make huge profits; it doesn't even matter just invest for a long time and have no doubt profits will come, because, regardless of how long it takes, the profits are what matter most.

[red4slash]

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.

We can't always be in the situation that we want, for example we buy bitcoin and then the price goes up, I think that's a very difficult moment to get. This is where we have to learn that holding bitcoin requires enormous patience, and I would say if there are people who do not have patience they are not recommended to be here, because in my opinion it is the same as torturing themselves.
We must have a strategy in this case, I mean we must prepare for the possibilities that will occur, we buy at a price of 30k for example, then later the price drops to 25k, well we must be able to anticipate that by not making a full purchase of the money we hold, and that strategy is a popular one that we call DCA.

[tjtonmoy]

~Snip

Also, HODLing is not an easy job. People make it sound so easy yet it is hard. We need emotion control, know how to keep our coins safe, and most importantly when to sell in order to make the best profits. Even after you sell and make a profit, never regret if you sell early or late and not at the very top. If you run after those small changes in the market, you will make more losses instead. So be happy with what you get and have no regrets. Make a target beforehand. This will ensure no emotional interference.

Seems complicated enough but with practice and experience, you will get the idea pretty quickly. Also, you can sell in multiple sells and with different price targets. Reverse DCA I suppose you can call it(LOL). Anyway, sell and book your profits and wait for another opportunity. It will come again and be sure to be ready for it.

[irhact]

It's obviously not wise to keep waiting for the bottom and don't buy when the market has already taken a plunge, this is why DCA is a very useful method for accumulating cryptocurrencies during the dips because if you buy with everything you have and then the market dips even more, you will regret your decisions, and the same will happen if the market recovers back without going any further declines, you will still feel bad for not buying when the time was right.

If we keep waiting for the bottom, we can't buy any Bitcoin and we'll be filled with regrets when the market starts recovering and we didn't buy any bitcoin. For every dip that happens to the market we should buy Bitcoin based on the spare cash we have available. We don't have to wait until we have very large sum of money before we start buying Bitcoin, we can buy through DCA. DCA make it possible for you not to spend so much money buying Bitcoin when you could buy it cheaper.

If you keep thinking you'll wait for the bottom of Bitcoin, you'll always have doubt about the bottom because after every dip, there's always more possibility of the market dipping more and you'll keep telling yourself that you'll buy at the next dip until you miss buying entirely.

[Y3shot]

Every dip has it own profit, their is no dip without a profit.  Bitcoin can't be predicted and no one can tell when the bottom can come, sometimes it can be risky to wait for the bottom hit and miss the opportunity of buying during the dips. People think it is only when bitcoin is bought in the bottom that is only time when profit can be made, profit can also be made from the regular dip in the market not just from the bottom alone. The bottom shouldn't be an opportunity to be missed,  but waiting for the bottom to invest and neglecting the dips is not the best.

[Inwestour]

If we keep waiting for the bottom, we can't buy any Bitcoin and we'll be filled with regrets when the market starts recovering and we didn't buy any bitcoin. For every dip that happens to the market we should buy Bitcoin based on the spare cash we have available. We don't have to wait until we have very large sum of money before we start buying Bitcoin, we can buy through DCA. DCA make it possible for you not to spend so much money buying Bitcoin when you could buy it cheaper.

If you keep thinking you'll wait for the bottom of Bitcoin, you'll always have doubt about the bottom because after every dip, there's always more possibility of the market dipping more and you'll keep telling yourself that you'll buy at the next dip until you miss buying entirely.

I am also of the opinion that DCA can give us the opportunity to get a good average purchase price. It may not be the best compared to what we can get if we wait for the bottom and try to buy everything in one transaction, but how many lucky investors will there be who are able to wait and buy at 15k? If there are, then there will be only a few of them, it is difficult to catch the bottom, and DCA will allow many investors to get a good price if they accumulate bitcoin in a bear market.