Is It Time to Buy More BTC?

[Zlantann]

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.

Buying or selling Bitcoin is a personal decision after doing your research. The price may further drop but nobody is sure about it. From personal studies, the price of Bitcoin will go up after the having and it might be proper to keep accumulating. The Fed meeting today might not have much impact on the market since it is expected that they might still maintain a 5.25%-5.50% interest rate which has been the same since last year. Therefore I don't think that the Fed's decision should deter you from buying Bitcoin. DCA remains the best strategy because it helps to spread and reduce the risk involved in Bitcoin investment.

I've seen this question or been asked about it so many times since Bitcoin drops down after hitting it's ATH.

Many people are attracted to Bitcoin during the bull run. But they fail to grasp that this season is not the best time to invest in Bitcoin. They just intend to invest and make a profit within the shortest period, which is not the ideal strategy. We might keep seeing the same type of questions until the end of the Bull run.

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[kentrolla]

I don't think FED meet up has anything to do with Bitcoin and yes we assume it's a short term correction which is usual before and during the halving. If you are afraid of further dip then don't go all at once rather do DCA or keep tracking the market and buy when the price starts to bounce back. I would say you don't even have to think so much as it's not any random Altcoin and you have already mentioned the fact as Bitcoin continues to be bullish on long term. Either do DCA or split and invest your funds.

[freedomgo]

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.

Every time is the right time to buy bitcoin, as long as you have the money you want to use, and the purpose of buying will play a major role in deciding if you are to buy or not. So you should not debate if you are to buy or not unless you have plans of not holding for long and are in search of quick profit.
 
Every little dip in Bitcoin price presents a new buying opportunity for those who want to dive into the market. You don't need to wait for it to get dipper before you can buy because you might never see it at that expect downward price as of the time you want it instead it might make a reverse and the market will start going up.

DCA is the key. Don’t rely on btc price dropping to its dips because to be honest, we don’t hold the future price of bitcoin. We may see it dropping today, but we can’t assure if it will stay that way by tomorrow. So always buy whatever the price because you are not here for quick profits, but certainly for long term investment and long term profits.

While it’s an opportunity to buy bitcoin when its price dumps, but if you have bigger faith for bitcoin, you will notice that everyday brings an opportunity to buy. Despite of bitcoin expensive price, I’ll always see it as highly valuable to buy and accumulate more through DCA.

[bitzizzix]

This question always arises when the Bitcoin price is corrected or a setback occurs and is only temporary, and my question is. Have you bought Bitcoin, and don't just talk the talk but do it.
And I think you already know what you asked and you also found the answer, so do it before the price of Bitcoin goes up again. Because it is a good discount to buy Bitcoin and do it within your means and I suggest you do a DCA strategy to buy within your means periodically. Because to buy at the same time you are required to have a lot of money in order to get big profits, and do it for the long term.

[Gladitorcomeback]

Those who barely care about short-term dips shouldn't hesitate to buy more Bitcoin now when they are available at a cheaper price. 
Bitcoin touched $60k and is now recovering back, already crossed $64k, so maybe the correction is over and we are back at the race once again. 

What's a point to be noted when investing is that this could be a trap and Bitcoin can start losing value again in a few days before the halving. So using the DCA method can be the best thing for now probably so that even if one buys and then market dips again, they can buy more with their remaining funds.

[boty]

This question always arises when the Bitcoin price is corrected or a setback occurs and is only temporary, and my question is. Have you bought Bitcoin, and don't just talk the talk but do it.
And I think you already know what you asked and you also found the answer, so do it before the price of Bitcoin goes up again. Because it is a good discount to buy Bitcoin and do it within your means and I suggest you do a DCA strategy to buy within your means periodically. Because to buy at the same time you are required to have a lot of money in order to get big profits, and do it for the long term.

You are right, those who ask about this certainly already know the answer to what is being asked, when we see the correction that is happening now of course it would be better to be able to take advantage of it by buying according to the capabilities we have as you said this is a good discount and if we miss this opportunity of course we will be very sorry when other people can benefit when prices rise again later and using the DCA method will really help us if we can't afford to buy it all at once because we can prepare funds to be able to buy it in stages.

[BITDV]

In my opinion you can buy at strong support level which mean in the lowest price which have many candle in that area. In this case we hope price will bounce up.  Whatever strategy you used, you should define risk management.

[headingnorth]

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.

[BABY SHOES]

YES, now when it comes to buying on a dip we never know if it will come back up? If you keep watching the market without acting then you will regret it.
If you believe that Bullishness is coming then you need to watch the news from the FED even though it can cause short volatility. Do you want to buy at the right time of the dip? So I think it will be difficult, it's better for you to buy now when the price goes down then buy again, isn't this something that accumulates by DIP? Or do DCA without needing to look at prices, especially by linking news from the FED.

One more thing, never put bitcoins on an exchange even though Bitget offers free fees, this trade will be riskier unless you withdraw it to a non-custodial wallet.

[CryptoHeadlineNews]

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.

Though everybody may be skeptical about not buying Bitcoin now and the price falls, but one motivation I have always hold on to is the fact that Bitcoin investment is not like gambling, whereby an individual likely to either win or lose his entire money, but when it comes to Bitcoin, it is one investment whereby though it's value may fall today, it always rises back with time in the future, hence, I will always advise Bitcoin not to be scared of the current price of Bitcoin while buying, because for the fact that it was able to rise to the value it is today, is a clear sign this price will continue rising as the demand for it increases due to it's limited supply.

[Mate2237]

I have created a thread https://bitcointalk.org/index.php?topic=5486601.msg63719575#msg63719575 which you can buy bitcoin in the All Time Buy and hodle it for the All Time High. Bitcoin has hit all time high but that is not the All Time High for the season and the All Time High in this season will be $100+k which will occur from September after the halving of April 2024. And the halving is just one week and half days left. Bitcoin price is still on the high side and we all know that there will be red flag in the halving so those retail investors should wait for the halving to come and invest by that time.

Those who are investing for long term can invest now which I did for the altcoins like Solana and Ethereum. But if your are interested for the short term then you have to wait till the halving to come.

[nakamura12]

In my opinion is that you should buy and accumulate more because the price of BTC will go back up since it's almost halving. You are right that the price of btc reach a new all time high and you have seen that the price decreased a little bit but I think it will increase again especially if there's a new trend about bitcoin then it's really going to happen in my opinion. Well, it's up to you on what you will decide later on and we are only here to share our opinions and advices.

[tabas]

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.

If you have just bought on $60k-$61k just this day, see in less than 24 hours we're back to $66k.

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.

Halving isn't a trend, it's an embedded thing to Bitcoin that will continue to happen est. every 4 years or every 210,000 blocks. And that's why we're all expecting it to push more demand as the miners reward will be cut in half in supply so, price will go up after it.

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.

That's right and that's the reason when you see an entry, don't miss to have it. Do not listen to people discouraging you to buy Bitcoin because they'd redirect you to the alts that they baghold.

[Reatim]

but I also wonder if we may see it drop further in the short term.

mate,, this is what causes a lot of investors
to miss their timing. I know it might be a tad bit
regretful to buy and then see it go down even further
and then you think that if you had just waited for
a bit you would have bought it for a little less

but you need to learn how to accept things
i say just buy it from the moment you can
if it’s low enough for u then it must be ready,,

[GbitG]

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

Hmm that's true mate. The movement of the bit coin was still running in the red according to the technical analysis. Many users believed that the price could drip further up to 59k, but now the market has pulled back upwards. And a correction in the price of Bitcoin is a good news because whenever the price also drops, the next movement has to be higher than the previous one. People who have experience from bear to bull know that there must be a healthy correction in Bitcoin. This correction prepares the price for the next move, which means it tries to take the price above it by creating a strong potential in the correction price. Like, more bullish volume enters the market, therefore the bull leaves the market to bear to giving the price a dip more. 
 
So it's meant to say that your point is really correct that in the short term it can dip more but the dip comes because the bull player should prepare the price to go high for the next move.

[Kelvinid]

Investing in Bitcoin is not a wrong decision whatever the condition is. We just think and in fact, we have observed that the Bitcoin price is continuously growing which only means one thing, it will pump more in the coming years.

However, a good investment plan should be practiced and started in a good position in the market. I think the accumulation should be done during a market correction, not the bull season. In fact, that is a part of market analysis, and why I say it is a good idea to do this during the bear season because as we can see, a lot of people have invested now but they sell during price corrections due to FOMO.

[D ltr]

I've seen this question or been asked about it so many times since Bitcoin drops down after hitting it's ATH.
Is the dip or price drop our last chance to buy it at a low price?
For me there would always be a price correction whenever the price jumps high, most of us are expecting it to go back up again and climb higher, but we don't know when would that start.

and the reality is that the price increase will occur after the correction, although it won't immediately increase rapidly, but the possibility of an increase is definitely there, so whenever you buy an btc you will definitely get a profit later, you just need to be patient if you experience a decline in the price from when you initially bought BTC.

[Orpichukwu]

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

If you are already aware of this, why are you still debating with your mind whether you should invest in bitcoin now or wait a little longer? Just as you are debating at the time I'm making this comment, the bitcoin price has moved from the struggling stage of $61,000 to $67,000, and it's still moving upward as I can see the chart being bullish. 
 
You don't actually need to wait before you buy bitcoin; it's best if you have the money to just buy and hold and don't mind about the price as of the time you want to buy, or start thinking if it will go down more or up any time soon. You should focus on how many you can accumulate rather than how the price is moving.

[Dr.Bitcoin_Strange]

If you are planning to hold Bitcoin for a long time, then you might want to buy now because you don't know how volatile the price might become soon. I am bullish that Bitcoin is going to go above $80k before the end of this year, and if that happens, those that bought around $62k will still be earning some tangible profit. We might not be right all the time about the Bitcoin price, but while waiting for the price to drop, you can also be DCAing so that if the price pumps instead of dipping more, you would not totally lose out on the opportunity to buy now that the price is already lower than the ATH of this month. 

Right from the start of the bull movement of Bitcoin this year, I kept on DCAing anytime I had the funds to invest, even when the price was around $45k–$50k. Some people on the forum also thought that the price would dip, but it never did. So people had the opportunity to buy at $45k, but they did not until it got to $50k up to the ATH. So, I will say, if you have the funds, continue with the DCA strategy. 

[Assface16678]

The thing is we can't predict accurately if this is the best time to buy bitcoin or not but if you can take the rest then I'd say because of the recent dip of bitcoin, we are not sure if it keeps on dropping and it is a good opportunity to buy, maybe its better to hold bitcoin by doing DCA so you could open or buy bitcoin at different low price via DCA wirh that you can minimize youre lose or you could maximize the potential profit if the bitciin will increase, bitcoin halving is nearing im less than 30 days so we are still mot sure of what will be the movememt of bitcoin, One things for sure is that we believe that bitcoin will become more on bullish in the next few months or the actual bull run may come. But, of course, your decision will still be yours. If you are ready for the risk and also waiting for the possible result, then I guess you might want to consider buying bitcoin right now.