Is It Time to Buy More BTC?

[Easteregg69]

NO it's not. You check on the RSI and buy below 30 if your technical about it. When fear and greed index is below 50 minimum. Save your radish till it's fat and ready. That is for day traders. On the daily! No shouting.

The radish thing. Don't blow it to early as you did last time!

[Republikcoin.com]

Not as simple as you told, what if you buy at higher price and then price going lownfor several months/several years? Waiting price for going back? It easy if you spend small amount, let say below $50K. But what if you spend more than $200K

That's a fairly simple question for people who want to wait for the price to increase again in the next day or year because if what they bought is Bitcoin, I don't think that person needs to worry as long as they are not afraid to hold it until the return of higher prices in Bitcoin. Even though on the one hand the solution you said is not wrong, it could also be a regret if prices rise again in the near future to a higher level. So this needs to be considered in more depth and also more maturely by those who want to buy it.

[WatChe]

If you are afraid that you will end up going all in at the top of the cycle, then DCA is the way to go. That way you don't have to worry about the current market price and try to (naively) time it to buy at the bottom.

With that being said, its much easier said than done as many give it up in the end, or eventually go all in.

DCA is the most accurate way of gathering Bitcoins. The only thing we have to keep in mind while following DCA is that it takes time before you start seeing the real profit. DCA is not for those who want quick profit. The price of Bitcoin is near it's ATH these days and those who want to dive into Bitcoin right now should consider DCA strategy. The reason why DCA is recommended is because it will adjust both cases of upward and downward moment of price.   

[Y3shot]

The price of bitcoin went  low at the price of $62 this week, for it to come down that means it is an opportunity for people to invest in bitcoin and this dip in bitcoin tells that the price of bitcoin will go higher than what it is now. So I think it won't be bad for people buy bitcoin to hodl for sometime. But this time it is important for investors not to enter the market with greed, just invest the amount you can afford to lose.

[suzanne5223]

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.

We could see more drop and we may not and one thing is sure which is buying now is never a bad decision because the current dump in price of the market could be the last market correction we will see before the Bitcoin blockhalving and with the news about the US government selling some huge BTC which is what influenced the price of BTC on exchange like BITMEX.

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.

We have already see a new all time high price of Bitcoin 7days ago but the Fed meeting and their selling of BTC they collected with the inclusion of the institutional investment selling can only create short term market correction just like we see last week till today's market.

[AnonBitCoiner]

You can accumulate now if you have money because the price is down for some days in one day we will again see all the time higher value for bitcoin. Check your balance if you have an extra amount then you can easily invest more in bitcoin and is also good time to buy more bitcoin but here you should stand firm with your ideas instead of getting scared due to market dip.

This time more people will buy bitcoin because we know that once again 73k$ will be attain by bitcoin and if buying percentage remains higher then very soon we will see pumping phase. Buying and selling depends on you but I think if you have money then you should buy more because price does not stop to move higher yet and hopefully we will see increase in value of bitcoin

[Distinctin]

Not as simple as you told, what if you buy at higher price and then price going lownfor several months/several years? Waiting price for going back? It easy if you spend small amount, let say below $50K. But what if you spend more than $200K

If you are afraid that you will end up going all in at the top of the cycle, then DCA is the way to go. That way you don't have to worry about the current market price and try to (naively) time it to buy at the bottom.

With that being said, its much easier said than done as many give it up in the end, or eventually go all in.

With bitcoin as a highly volatile investment, buying at a peak price may bring a lot of risk as well but if you resort into using DCA, the risk to lose might as well be lessen and controlled. Don’t rush to make profits in bitcoin because obviously, it won’t work that way. But always learn to invest it for long term, and only use an amount that you are comfortable of losing, because no matter how profitable bitcoin is, the fact that it’s a volatile one, future profits are still not certain.

[yazher]

The price of bitcoin went  low at the price of $62 this week, for it to come down that means it is an opportunity for people to invest in bitcoin and this dip in bitcoin tells that the price of bitcoin will go higher than what it is now. So I think it won't be bad for people buy bitcoin to hodl for sometime. But this time it is important for investors not to enter the market with greed, just invest the amount you can afford to lose.

If you are not sure whether you will see the price get down again, then it's better to buy right now than wait for later when the price has increased more because that's exactly what's going on here and there are tendencies that those prices we see this week, won't be the same anymore in the next days to come since bitcoins price are gaining momentum and each day it causes the price to rise because of the current trend. Every 4 years we experience such a scenario and you need to know when to enter the crypto market and buy bitcoins because the price will act abnormally since we already entered the bitcoin halving season this year.

[_BlackStar]

In short - yes, this is a great time to buy a lot. You never know whether prices will fall again or rise even higher in the near future - but if you are in doubt, then leave some of your budget for DCA. You are not obliged to buy a lump sum amidst market uncertainty - it means you must have the right strategy to get more bitcoin.

Price volatility allows everyone to buy at a lower price than before at some point - so don't forget to set aside some budget for your second plan. But if you want to buy for the long term - you are free to spend everything on a lump sum, but do it on dip.

[arjunmujay]

There is no perfect time to buy the coins I must say. If you have funds then just invest in the coin. Don't wait for the dips or price corrections. If you greed for more and do delays, then you will make losses only. If you ask me then it’s better to do regular investments. If you do regular investments then in the next halving you will definitely make good profits from it. Just don’t become too much greedy and have patience.

I really agree with your statement, indeed in the world of investment nothing is short. Even someone who is said to be an investment expert will not be able to directly buy that many Bitcoins at one time. they will definitely buy it regularly, either every week or every month.

a routine attitude and being able to survive even when market conditions are not good, the point is that not panicking to sell bitcoin when the price goes down will make this investor get maximum profits compared to those who panic when the price goes down and abandon their routine investment attitude. but it all depends on each person's personality. What is clear is that no one forces you to hold on or sell your bitcoins in conditions like that.

[nurilham]

The price of bitcoin went  low at the price of $62 this week, for it to come down that means it is an opportunity for people to invest in bitcoin and this dip in bitcoin tells that the price of bitcoin will go higher than what it is now. So I think it won't be bad for people buy bitcoin to hodl for sometime. But this time it is important for investors not to enter the market with greed, just invest the amount you can afford to lose.

Yes, it has crossed $73k but it dropped below $62k few days ago. Sure, it is the opportunity to buy Bitcoin again before the next pump. I'm sure Bitcoin will increase gradually again if we are nearing the Bitcoin halving. We are almost at the end of March, the next month will be the time for Bitcoin halving. This makes me to think that it may be the last time to buy Bitcoin at a cheap price before the Bitcoin halving.

I support the idea to buy Bitcoin again. But don't expect to set a too high price for selling the Bitcoin. I think Bitcoin is already in a quite high price, so we must be carefully to determine the selling price of Bitcoin.

[Kristiyana]

In short - yes, this is a great time to buy a lot. You never know whether prices will fall again or rise even higher in the near future - but if you are in doubt, then leave some of your budget for DCA. You are not obliged to buy a lump sum amidst market uncertainty - it means you must have the right strategy to get more bitcoin.

Price volatility allows everyone to buy at a lower price than before at some point - so don't forget to set aside some budget for your second plan. But if you want to buy for the long term - you are free to spend everything on a lump sum, but do it on dip.

I think there is no perfect time to buy bitcoin,what matters is if you have the money to buy coin even now that bitcoin value is going down you can decide to buy and then make Long term investment with it. I'm pretty sure that bitcoin will come back to it normal value,and even rise the money.

[Zoomic]

The price of bitcoin went  low at the price of $62 this week, for it to come down that means it is an opportunity for people to invest in bitcoin and this dip in bitcoin tells that the price of bitcoin will go higher than what it is now. So I think it won't be bad for people buy bitcoin to hodl for sometime. But this time it is important for investors not to enter the market with greed, just invest the amount you can afford to lose.

If you are not sure whether you will see the price get down again, then it's better to buy right now than wait for later when the price has increased more because that's exactly what's going on here and there are tendencies that those prices we see this week, won't be the same anymore in the next days to come since bitcoins price are gaining momentum and each day it causes the price to rise because of the current trend. Every 4 years we experience such a scenario and you need to know when to enter the crypto market and buy bitcoins because the price will act abnormally since we already entered the bitcoin halving season this year.

If the money is available it is better to buy now that the price is still fair, there is no point delaying further. There is no specific time we can say is right to buy Bitcoin, infact the price fluctuations makes it even more difficult. Provided you are willing to hold for a very long time, it is very certain that you will get good returns from your investment.  Moreover,  we are yet to enter into the bullrun. This year has a lot to offer to us, therefore wasting more time waiting for Bitcoin price to go lower might not the best option. Accumulate Bitcoins now while you still can before the price skyrockets.

[Orpichukwu]

The price of bitcoin went  low at the price of $62 this week, for it to come down that means it is an opportunity for people to invest in bitcoin and this dip in bitcoin tells that the price of bitcoin will go higher than what it is now. So I think it won't be bad for people buy bitcoin to hodl for sometime. But this time it is important for investors not to enter the market with greed, just invest the amount you can afford to lose.

Just from the time the post was made until now, anyone who is observant enough will take good advantage of how the price was changing. It moved from $62,000 to $68,000, which I witnessed, and now it's down to $65,000 as of the time of this comment. 
 
To some point, the price of bitcoin just can't be predicted like that, so if you have the money to go buy, it's better to just buy at that moment and save the volume up, because that price might be a good opportunity compared to where it might be when it is seen again.

[sulendra12]

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

That's what I have been told to people if they are unsure on what to do if the price is dipping. If your goal is for long-term investment then you should know better that the price of Bitcoin in the long run will go up, even though the price was crashed for several times in the past but in the end the price was recovering but for sure it takes quite long time to do that. It's a marathon if you hold Bitcoin about who have bigger patience than the others.

[Asuspawer09]

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.

The recent drop of Bitcoin is surely a good opportunity to buy more Bitcoin, since you're buying Bitcoin with a discount, there is no guarantee that Bitcoin is still going to drop at that price as we might enter the Bullrun market there is always a possibility that it might stay in the higher market value so, buying when we experience a correction is always going to be a good opportunity for sure. But buying early is a greater opportunity for sure when the market is still not on hype like right now. Your never actually going to know when is the right time to buy for sure because the market is just so unpredictable so there was no actual way to actually know it, so the better strategy to approach it in my opinion is always Dollar Cost Averaging because you're always buying Bitcoin consistently like for example weekly or monthly something like that. It might not be a higher profit compared to buying bulk when the market price is low, but it's going to be a guaranteed profit as long as you are going to hold for the long term and only sell it on the Bullrun market.

[stadus]

If you are afraid that you will end up going all in at the top of the cycle, then DCA is the way to go. That way you don't have to worry about the current market price and try to (naively) time it to buy at the bottom.

With that being said, its much easier said than done as many give it up in the end, or eventually go all in.

DCA is the most accurate way of gathering Bitcoins. The only thing we have to keep in mind while following DCA is that it takes time before you start seeing the real profit. DCA is not for those who want quick profit. The price of Bitcoin is near it's ATH these days and those who want to dive into Bitcoin right now should consider DCA strategy. The reason why DCA is recommended is because it will adjust both cases of upward and downward moment of price.    

Before you resort doing DCA, ask yourself first if you are comfortable of hodling your investment without getting tempted to sell when price drops drastically. If you do, then proceed to DCA, as easy as that. Bitcoin will not be staying at its highs all the time as there are times its price will fall consistently. With that, if you don’t want to risk your hard-earned funds, then follow DCA method. As long as you don’t end up panicking  and sell your coins at a loss price, then you will definitely not become a loser in your investment.

[CryptopreneurBrainboss]

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.

So what if we see a drop in the price in the short term, are you willing to take that risk and miss out on buying totally? Better still if you are feeling the market has more decreasing to do then DCA. DCA doesn't only reduce your cost per purchase but makes you not to miss out on potentially buying some Bitcoin at a lower rate and makes you to not miss out on buying if Bitcoin doesn't decrease in price. There's no wrong time when buying Bitcoin, just that profiting from Bitcoin all depends on your level of patience and as a Bitcoin investor, having patience should be your main character because you'll need it.

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.

The long term outlook is always bullish and that should be our main focus and not the the short term outlook. You have given all the reasons why buying Bitcoin is the right thing to do, soon the institution investors will own most of the available bitcoin and they won't be selling it cheap (that's if they'll be selling). Don't let the short term outlook poison your mind, use every opportunity that comes your way to accumulate Bitcoin. I buy Bitcoin when there's availability of spare money in my hands while I do my regular monthly DCA. Don't follow the crowd, have your own strategy that you use and invest for a better tomorrow.

[adpinbr]

Just keep on with the accumulation of your bitcoin and never go break, of course bitcoin is still on for the ATH and the bullish market is still pumping, so you can put in more energy on pushing more high because bitcoin will still pump, now the market looks like is going pretty down and this is one of the best time to buy and it will be next pumping after this little drop that we are experiencing down in price, in the next tip it will pump to the ATH and I’m predicting it will hit 100k this time so the little you buy now is a plus to the portfolio, everyone intention this period is tkk ok make money from the bullish market.

[Essential10]

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.

Bitcoin has seen price declines several times this month after peaking. Bitcoin price is seeing a rebound after a dip. I thought bitcoin would halve next month and take a correction below $60k, but still the price of bitcoin is hovering between $60k and $70k. Investing in Bitcoin in the current market would not be a very bad decision. In that case I agree with using the DCA method to accumulate more bitcoins over time. Currently the price fluctuations can reduce the impact of market volatility by buying a fixed dollar amount of bitcoins at regular intervals using DCA. I think the strategy will help smooth the highs and lows in the market. Using the DCA method and applying a long-term investment strategy is a very good way to accumulate Bitcoins.