Is It Still Ok To Buy BTC At $43875 ?

[CODE200]

Yes it is still okay to buy, but the thing that you should do is dollar cost averaging, in layman's terms, you buy a small amount of bitcoin from time to time depending on the current valuation of bitcoin with the USD, buying less when it's higher than usual and buying more when it gets lower, you're basically putting coins in a coin bank consistently but the coin bank is going to give you more if you try to fill it in for the long-term, trust me OP, when bitcoin reaches a new all-time high, you're going to wish that you've brought at that price.

[bitgolden]

Can YOU tell when the bear market is here? Is it now? Isn't it supposed to be a bull now? You don't know, do you?

I mean it is not really that difficult to guess when the bear run is here, when the price is 80% down, you know the bear is there. I mean when the price goes from 68k to under 20k, you know that is bear, you can see it, you are aware of it, get it there and hold it until it goes over ATH again, when it is back to 70k then you can consider selling, it may go even higher but you already made your profit that way.

I do not mean about figuring out the time frame of bear market is easier , but it is not as impossible as you think it is, we are not in the bear market now, we are in the bull market give or take, it has already gone up a lot from the bottom. I am not saying don't buy now, but I am just saying where we are with the market, reading it is hard, but living with it will definitely tell you where you are in something.

DCA guys. Look it up. Practice it. Forget trading, forget ever asking again if BTC is ok to buy at ABC price.

DCA might be possible for the people who are into a regular income stream. I am into DCA all the year as I get paid in bitcoin and I just hold it. People usually look to trade bitcoin to generate an income stream. So, such people may not adapt DCA.

It's ALWAYS good to buy with DCA.

Even I am not against DCA, I would suggest to go one shot buying when bitcoin trades 80% down from ATH. This happened in 2014 and 2018 and then in 2022. That must be a "good" buy for both short and long term investors for sure.

[TravelMug]

Yes it is still okay to buy, but the thing that you should do is dollar cost averaging, in layman's terms, you buy a small amount of bitcoin from time to time depending on the current valuation of bitcoin with the USD, buying less when it's higher than usual and buying more when it gets lower, you're basically putting coins in a coin bank consistently but the coin bank is going to give you more if you try to fill it in for the long-term, trust me OP, when bitcoin reaches a new all-time high, you're going to wish that you've brought at that price.

Yeah, DCA could be a good strategy, and I think at this point, it is still good to buy before the halving. We al know that halving is the catalyst for a bull run, so we might as well get inside prior to that activity. Nevertheless, as long as we can stack up sats in whichever way we can, we are still good no matter what.

Just be a long term holder though, and not panic and sell unless you really need to. Everyone is willing to scoop the bitcoin that we are selling, we have whales, institutions and even average joe at the side taking advantage if we sell as bitcoin is getting scarce after the halving.

[Taskford]

Yes it is still okay to buy, but the thing that you should do is dollar cost averaging, in layman's terms, you buy a small amount of bitcoin from time to time depending on the current valuation of bitcoin with the USD, buying less when it's higher than usual and buying more when it gets lower, you're basically putting coins in a coin bank consistently but the coin bank is going to give you more if you try to fill it in for the long-term, trust me OP, when bitcoin reaches a new all-time high, you're going to wish that you've brought at that price.

Yeah, DCA could be a good strategy, and I think at this point, it is still good to buy before the halving. We al know that halving is the catalyst for a bull run, so we might as well get inside prior to that activity. Nevertheless, as long as we can stack up sats in whichever way we can, we are still good no matter what.

Just be a long term holder though, and not panic and sell unless you really need to. Everyone is willing to scoop the bitcoin that we are selling, we have whales, institutions and even average joe at the side taking advantage if we sell as bitcoin is getting scarce after the halving.

Not could but rather a really great strategy to use since anyone can execute this that's why many people talk about it since it can be used by anyone. Doing this in this season is somehow a perfect situation to do since provably we can get rewarded especially if halving can trigger a bull run event just like happen in the past. So for people still thinking about doing this much really better if they could do it now since bitcoin is having a good day and been stable at $42k for a while so maybe this is somehow a good insights for people finding a good position to enter.\

Long term holding need huge mental strength if people considering to do this and if they really want to adopt this option since for them they can't wait for long years for bitcoin then see the result of their investment for it then for sure there's high chance for these people to get rewarded but they should not think as easy as that since they still need to gain proper knowledge so that they can get bothered by any activities happening in the market.

[Jegileman]

Edited Subject -


Not really know if i can buy or go for other alt coins

What is stopping you from buying when the price keeps hitting the target price you’re asking to buy from and also goes down that price. The market is very volatile now and it won’t take much for it to become stable again. And if that happens, I don’t think you’ll get to buy at a price that is as low as what it is now.

Just know that if you’re going for other altcoins because you think that the bitcoin price is very high now, just know that you’re in for gambling and that can make you lose all of your capital putting into it. Bitcoin is more secure and with an investment in it, your funds will be secured for as long as you don’t panic into selling at a loss, the price will definitely go up and you’ll be glad you invested in it instead of some altcoins that you’re not certain of it’s future after investment in them.

[NewRanger]

Just know that if you’re going for other altcoins because you think that the bitcoin price is very high now, just know that you’re in for gambling and that can make you lose all of your capital putting into it. Bitcoin is more secure and with an investment in it, your funds will be secured for as long as you don’t panic into selling at a loss, the price will definitely go up and you’ll be glad you invested in it instead of some altcoins that you’re not certain of it’s future after investment in them.

The price of Bitcoin has recently been dumped and followed by altcoins, I think the safest choice remains BTC. However, if the OP wants to also go into altcoins, I think that's each of us's right to just give an idea. Yes. Prices are currently falling again and this condition is an opportunity for more buying and usually within 3-5 days after we will immediately see market recovery.

[slaman29]

I do not mean about figuring out the time frame of bear market is easier , but it is not as impossible as you think it is, we are not in the bear market now, we are in the bull market give or take, it has already gone up a lot from the bottom. I am not saying don't buy now, but I am just saying where we are with the market, reading it is hard, but living with it will definitely tell you where you are in something.

So we agree then, reading the market is hard It's always easy on hindsight, but even as we were posting over the past 2 days price already hit 1 month bottom, and looks like could go down more for a 2 month low. Doesn't sound like a bull market, right? But that could change tomorrow

It's ALWAYS good to buy with DCA.

Even I am not against DCA, I would suggest to go one shot buying when bitcoin trades 80% down from ATH. This happened in 2014 and 2018 and then in 2022. That must be a "good" buy for both short and long term investors for sure.

DCA takes care of the worry and watching and waiting. That's the best thing about it. Trading or watching requires investment of time, and you can still get it wrong, or miss the small dip window and then you get frustrated. IF you DCA you always take advantage of whatever price it is in bear periods. You might miss out on big 80% discounts, but you make up for it by taking all the good 30% discounts, for example.

[YOSHIE]

Is It Still Ok To Buy BTC At $43875 ?

If that's the question, of course we have to go back to speculation a few years ago, where we had to catch the ATH that had happened before, we understand that the price of $43k is not the expected price for the ATH Bitcoin this time, where bitcoin has touched the $61k level, that means changes will occur when the new ATH will occur.

I'm sure there are some speculations that I believe, the price of $43k is a price worth considering, you can still make a decision about that, reaching a price of $70-$80k is still a big possibility in the future, so for me there is no doubt about buying at $43k, unlike Altcoin, of course I have no advice for Altcoin.

[khiholangkang]

Is It Still Ok To Buy BTC At $43875 ?

If that's the question, of course we have to go back to speculation a few years ago, where we had to catch the ATH that had happened before, we understand that the price of $43k is not the expected price for the ATH Bitcoin this time, where bitcoin has touched the $61k level, that means changes will occur when the new ATH will occur.

I'm sure there are some speculations that I believe, the price of $43k is a price worth considering, you can still make a decision about that, reaching a price of $70-$80k is still a big possibility in the future, so for me there is no doubt about buying at $43k, unlike Altcoin, of course I have no advice for Altcoin.

Every bitcoin price that is still far from its old ATH is very good for making purchases or continuing DCA or accumulating bitcoin at prices like today, after all, our expectations and market reactions will be much better in the future especially after institutions enter the bitcoin market, this will be a big competition between institutions in accumulating bitcoin, so before everyone hunts for more bitcoin then we need to make purchases, ATH which many people predict is more than $100k, so for this purchase it will be very profitable if you make a purchase.

I am also the same when it comes to altcoins, although I am also among those who buy altcoins but I dare not suggest altcoins to others.