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Author Topic: Is It Time to Buy More BTC?  (Read 1201 times)
TheVeteranAngel
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March 23, 2024, 10:47:59 AM
 #121

I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.
Well, then satisfy the desire of "part of me" to buy bitcoin. Buy part of bitcoin (using part of your funds). Smiley

Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.
Buying bitcoin with part of your funds (half) will solve this problem with the “to buy or not to buy” dilemma. If bitcoin rolls back, you will lose only part of the amount and with the rest you can buy bitcoin at a cheap price. If bitcoin rises in price even more, then multiply your money (partially). Even though you only invest part of your money, you will still make a profit. There is no need to be greedy and try to earn (increase) with all your money.

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose.
I am a proponent of the idea that should invest with the goal of winning, not losing.

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.
Well then why are you asking that question from the topic title? In the long term, now is the best time to buy bitcoin.

I quite agree with you, i think BTC was overstretched in the last 2 months hence the reason for the adjustment in price. The next move may see BTC eyeing $100k hence its best to accumulaate every dip right now and fortunately, there is opportunity to trade at zero fees courtesy of Bitget.
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March 23, 2024, 10:48:09 AM
 #122

I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.

Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose. 

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.

 Now is always the time to buy Bitcoin. if you have a long-term view and bullish thesis on Bitcoin's fundamentals like increasing institutional adoption and the stock-to-flow model, then buying during pullbacks can make sense as part of a DCA strategy. But having a risk management plan is crucial, as Bitcoin's short-term price is inherently unpredictable. Added to Bitcoin, You might also look out for Memecoins too like TOAD Since Solana Memecoins are on the rise.

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March 23, 2024, 10:53:53 AM
 #123

For me it is always a good time to buy Bitcoin through DCA. I know we all have different strategies in buying but that only depends on us when. What is important here is that it was all beneficial for us hodlers and of course buyers.



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March 23, 2024, 11:28:32 AM
 #124

Of course, the Bitcoin market will go up and down, there is nothing to be disappointed or panic about it, there will be volatility in the Bitcoin market and you have to invest in Bitcoin based on that volatility. Of course, keeping in mind that bitcoin investment is risky, if we can invest in bitcoin, we must have a long-term plan in the case of bitcoin investment. But patience is very important in investment. If we invest in Bitcoin, we often lose patience, so we must be patient in investment.

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March 23, 2024, 11:59:48 AM
 #125

You said it right. If there are dips or corrections that will happen, it's a normal action for Bitcoin to recover. And how many times did we saw that happen? many times.

That's why if you're going to look at those historical charts, you'll see that Bitcoin has recovered no matter what happens and how deep the dip is.

So, if you're a real bitcoin investor. You'll look literally on the long term and not with these discouraging drops for the many.



.
.BIG WINNER!.
[15.00000000 BTC]


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March 23, 2024, 03:02:49 PM
 #126



I quite agree with you, i think BTC was overstretched in the last 2 months hence the reason for the adjustment in price. The next move may see BTC eyeing $100k hence its best to accumulaate every dip right now and fortunately, there is opportunity to trade at zero fees courtesy of Bitget.

I think this has nothing to do with the topic we are discussing and I also checked some of your posts. The topic is about time to buy bitcoin, no one is talking about exchanges. Maybe you are a shiller hired by bitget or you are part of the exchange. There's nothing wrong with shilling and promoting your exchange on the forum, but it's better to create a separate thread about it instead of spamming the forum like this. This only makes people feel uncomfortable and hate the exchange you are promoting. Furthermore, people here don't like to use or discuss centralized exchanges, I think you're in the wrong place.

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March 23, 2024, 03:24:11 PM
 #127

In the sense of decimal units or btc units? It's a bit contradictory if you buy at this time, because ideally this is the time to harvest from buying bitcoin during a bear market, but the next few days I think it will be more pumping even though it looks like it's thin approaching the bitcoin mementum this year. If you just bought it in the hundreds or thousands of $ range, unless you buy 1 btc Grin .

If you expect the price to plunge deeply for me it is difficult, unless the halving period has passed maybe there will be a correction after mass take profit Cheesy. the principle of HODL on bitcoin is the most appropriate because it could be that next year it could rise 50% from today.
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March 23, 2024, 05:14:54 PM
 #128

You said it right. If there are dips or corrections that will happen, it's a normal action for Bitcoin to recover. And how many times did we saw that happen? many times.

That's why if you're going to look at those historical charts, you'll see that Bitcoin has recovered no matter what happens and how deep the dip is.

So, if you're a real bitcoin investor. You'll look literally on the long term and not with these discouraging drops for the many.

Of course we have saw dip in price of Bitcoin many times but we never become disappointed because after each dip bitcoin become more successful like you will have experience that in previous year the price was 26k$ but still people buy more and more bitcoin after which bitcoin recover back to 73k$ and Attainment of new ATH took place.

Although time will be needed but bitcoin will surely moves to higher worth once again therefore keep in contact with price chart and don't decide negatively about the selling of bitcoin as if you sell it at low price then after watching 100k$ of worth you will regret but there will be no possible work to recover your money.



 

 

 

 

 

 


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March 23, 2024, 07:03:11 PM
 #129

We have had a very nice dip from way $73k down to 61k ,and that's $12k dollars decrease in the price, and this is a pretty nice zone to start some accumulation for whomever that wants to buy more Bitcoin, There is no need to be afraid here and stand on the sideline waiting for more dump when we have Dollar cost averaging to buy, and in case there's still one more leg down from here, you would still have the opportunity to buy more.

R


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March 23, 2024, 07:40:51 PM
 #130

Considering we still didn't reach the halving, and that Bitcoin suffered a correction in price recently, I think it's still in time to buy Bitcoin in order to prepare yourself for the next pump in price, which is likely to push Bitcoin to a new ATH before the end of this cycle of bullish run. I would just be careful to not wait for too long to finally buy your chunk of Bitcoin, because the longer you wait, higher are the risks you purchase it too close to the maximum price, what means you would have to wait a long period of time until seeing your investments in profit again, like those people who bought Bitcoin in 2021 for 69,000$ and were able to profit only this year, when the price crossed the 70,000$ mark.

It was almost 3 years on holding more to profit little money, while other investors who bought earlier were able to make huge profit. Therefore, don't procrastinate. Don't put off for tomorrow what you can do today, especially considering the unique moment in history we are living these days. Cycles like the current one aren't likely to keep repeating themselves forever and ever. The tendency is that Bitcoin's price gets less volatile in the future, what means profititability's potential also tends to decrease.

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March 23, 2024, 08:43:33 PM
 #131

We have had a very nice dip from way $73k down to 61k ,and that's $12k dollars decrease in the price, and this is a pretty nice zone to start some accumulation for whomever that wants to buy more Bitcoin, There is no need to be afraid here and stand on the sideline waiting for more dump when we have Dollar cost averaging to buy, and in case there's still one more leg down from here, you would still have the opportunity to buy more.
True. Bitcoin dropped to $61k after Bitcoin reached a new ATH at $73,750. It is a big decrease, it creates a new chance for people who want to buy Bitcoin again. Sure, why we should be afraid to buy Bitcoin now? We still has Bitcoin halving in the next month and we may see another ATH in the next year. We know the highest price of BTC to be in few months after the halving.

It is okay to use DCA or another strategy in Bitcoin investment. We only need to ensure that it will be a safe way in holding Bitcoin. Crypto market will be always volatile and unpredictable, we don't use a careless way in investment.



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March 23, 2024, 09:33:34 PM
 #132

I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.

Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose. 

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.

BTC will definitely go up cos bull run is already looming and if you missed 16k, 32k and 42k you can start taking advantage of the current dip cos it could be our last opportunity before the bull run. Exploring some of the ongoing zero trading fee event for good DCA plan could be a smart play. I don't have much tether but if I see BTC at 60k or 58k and Bitget has theirs still in play, I will start mine.
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March 23, 2024, 10:42:14 PM
 #133

now the price of bitcoin is rising, there are those who hold bitcoin and are now selling bitcoin because they have made a profit because they have been waiting for the price of bitcoin to rise for a long time, and there are also those who hold bitcoin when the price rises to use it as an investment for the future, there are even those who buy bitcoin to make an inheritance for their family.
what everyone does with their coin is their choice and in periods like this I think selling now is too early because the expectations of people have not been met so they won't want to sell I don't blame them because with the issue of bull run coming I don't think anyone should be spending their bitcoin at this point in the term. and if you are investing in Bitcoin you have to have a vision and it has to be a long-term vision. and because of the constant increase and deduction in price, we have to be careful how we trade our bitcoin. you don't end up selling and the price starts going up, so it is better to be patient we have to be closely observant and keep tabs on the market because one minute you can make money, and the next thing you're losing money.

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March 23, 2024, 11:19:31 PM
 #134

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.

But I keep wondering how people wait till there’s obviously a pump before they want to invest into Bitcoin. Don’t let FOMO get the best of you because if you rush in, you’ll likely rush out of the investment. If you must invest now, do it calmly, and knowingly that you MAY not really make anything out of it this year. Bitcoin isn’t a get rich quick scheme, you’ll have to give it time.

I have a lot of faith in bitcoin, for me it is the best investment that can be made , many wait for the best moment to buy, but when is the best time? That's it, for this they have to do it at once, but the majority of people buy bitcoin when they see that it has a good rebound, goes up, and probably reaches a new ATH. That's where they get ready to buy , so that doesn't make sense to me, but most people do, that's something I don't understand, that's why we have to act when we have to.

What we can think most is that every time we go in and buy, check if it is lower or buy, if it goes up, stay still, but making staggered purchases is the best, it is as they say, buying at the dip, because I don't think bitcoin is going to go down that much, the opportunity is Now.

Also, DCA is another effective ways of investing. We mustn’t invest everything immediately even if we have all the funds available. It could be split in batches where you don’t end up buying at the same price, and if eventually there becomes a dip, you can also buy at that dip without having waited the entire time just for it to come before investing.



 

 

 

 

 

 


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March 23, 2024, 11:44:19 PM
 #135

We still have more time to accumulate bitcoins actually as ling as our aim target is not yet happening. And while we do dca for it, we should also do accumulate on the other crypto that has also a potential to get high its price in the future.

Lets take the opportunity to buy those coins were we knew it really has the capacity to explode its price value in the market. So capital will get stakes in the future surely in the end.



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Rainbot
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March 23, 2024, 11:50:34 PM
 #136

I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.

Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose. 

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.

It is currently worth more than Bitcoin, and Bitcoin is currently at a much lower price than it was in the past. So basically investing in the present is definitely profitable as we have the biggest bull run in 2025. And if it is possible to wait more time, it will be possible to invest in bitcoins anytime soon. You notice the only recovery is the price of Bitcoin due to the Bitcoin halving cycle after four years. But the price of unique coins does not recover that much, that is why the number of investors in Bitcoin is high and they are all on the way to profit. So OP if you want to buy or hold bitcoin then hold bitcoin fast.

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March 24, 2024, 05:49:12 AM
 #137

I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.

Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose. 

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.

 Now is always the time to buy Bitcoin. if you have a long-term view and bullish thesis on Bitcoin's fundamentals like increasing institutional adoption and the stock-to-flow model, then buying during pullbacks can make sense as part of a DCA strategy. But having a risk management plan is crucial, as Bitcoin's short-term price is inherently unpredictable. Added to Bitcoin, You might also look out for Memecoins too like TOAD Since Solana Memecoins are on the rise.

Imo, I'm still waiting for BTC to hit 54-59k before accumulating massively, but now that someone mentioned a zero fee trading, might be a nice time to take advantage of it. I'm also heavily into Solana memes as I believe there's lots of potential there😊😊

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March 24, 2024, 05:34:34 PM
 #138

 Bitcoin reached its ATH level and started dumping its market again shortly after reaching it. No one can say exactly what is going to happen next in the cryptocurrency market. However, the price of Bitcoin has slowly started to climb back up. Maybe this is one of the reasons why there are so many people who still buy and invest in Bitcoin. Now you can take bitcoin if you want but you have to make decision for it. With about a month left before the halving, it is still expected that the Bitcoin market can pump up. But this pumping also depends on many things.

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March 24, 2024, 11:59:50 PM
 #139

I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.

Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.

I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose.

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.
It's time everyone who is into Bitcoin or who is into cryptocurrency this is the best opportunity that you can accumulate your bitcoin for long time investment because Bitcoin investment is it something that involve wisdom and understanding also time in of when to invest and hold it for long. In order to make a profit so has bitcoin is falling this is the best opportunity someone or have interest on Bitcoin in mind can utilize the opportunity to buy more of Bitcoin and hold a long time

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March 26, 2024, 05:55:23 AM
 #140

No one can predict the future so if you want an answer to this question you might as well consult a fortune teller or psychic because their answer will be as good as any.

The only reliable method of making money with bitcoin is to dollar cost average, which does not involve any price predictions.
Trying to predict the price on a day to day basis is a fools game.

Predicting the price of bitcoin is a great way to get wrecked, lose all your money and end up on the street.
Leave that nonsense to the idiot day traders, idiots using leverage, shitcoiners, etc.
Though, indeed, you can't predict the exact price of a cryptocurrency, predicting the direction of its next move doesn't require you to be a fortune teller and someone with enough knowledge and understanding about technical and fundamental analysis can do that. There are a lot of day traders who are earning a living with their trading activities, you can't achieve something like that if it isn't possible at all.

You can't expect someone reading charts and analysing the market to tell you what the price of Bitcoin would be at 2 o'clock on the 12th of April, but you can expect them to at least give you a general idea about which direction it can move in the next few days which is enough.

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   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
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   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
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█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
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▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
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███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
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..PLAY NOW..
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