Is It Time to Buy More BTC?

[Btcdeybodi]

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

The price dropping further doesn't hinder the accumulating process at all that's if you want to hold for a long term, Bitcoin dipping is just an opportunity to buy more on a dip because when the bull run begins, the price must surely skyrocket so there is nothing to be afraid of. A lot of investors are even eager for a further dip so that they can make more accumulations.

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[btc78]

Just think about it… there is still halving and bitcoin has already reached its old ath and surpassed it even so when you see a dip just know that it is temporary. Have some more faith on bitcoin.

See the dip as an opportunity to accumulate more and stop thinking if it’s never gonna go up again. It will still recover and it will give you a lot higher returns.

[Smack That Ace]

If whales are considered as entities that manipulate the market, if they are still buying, we as retail investors, can follow them and buying, if we have investment capital for purchasing more.

The Bitcoin bull run is at early months of this cycle and if history won't be changed, like this cycle will be shorter than previous cycles, we still have many months ahead for the bull run and Bitcoin did not make its peak in this cycle.

Keep buying and wait for signals from whales to sell your bitcoin.

Have you been successful in tracking whales for profit? Over the past few days bitcoin has been dumped to $61k and have you followed the whales in time to make profits and avoid losses?

Over the past 2 days, more bitcoins were sold than bitcoins were bought, and according to reports, both days had negative inflows from bitcoin ETFs. So do you know who is selling bitcoin to the market? BlackRock has even run out of capacity to absorb that large amount of bitcoin. Whales are the ones who want our bitcoins and try to swallow us whole, so it's funny when you think it's easy for us to track their actions.

[gunhell16]

If you have nothing else to think about but saving Bitcoin, you will for sure buy it now. You don't care what the price is now; as long as you have something to buy, you will do that most of the time through dca( dollar cost average), which is what most crypto communities tend to do at the moment.

We still have 1 month or 2 more months for the halving to happen. We know that when this halving is finished, the 625 bitcoin will be divided into 312.5BTC, which will be divided by the miners. And before that happens, for sure, there will be a rally, and after that correction, that is expected by the majority of holders and trading experts as well.

[avp2306]

Just think about it… there is still halving and bitcoin has already reached its old ath and surpassed it even so when you see a dip just know that it is temporary. Have some more faith on bitcoin.

See the dip as an opportunity to accumulate more and stop thinking if it’s never gonna go up again. It will still recover and it will give you a lot higher returns.

Some people lose hope for seeing a dump recently since they think that the market will start to collapsed since ATH has been hit already but they failed to realize that there still a halving that will take effect soon so I guess there are still something strong events to hold for those people thinking about dumping their coins. But if they can't really handle the mental stress brought up by current situation then better they should take an action then watch for how market grow since maybe they can learn a lesson for current experience they see for this year halving.

The dip is really a big opportunity for those people who knows about bitcoin and for sure those skeptical people would realize that its better to take action while they see a price dump happening in altcoin since if they get afraid in this kind of situation for sure they always got left behind on opportunities that they supposed to be taken.

[Volimack]

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

The price dropping further doesn't hinder the accumulating process at all that's if you want to hold for a long term, Bitcoin dipping is just an opportunity to buy more on a dip because when the bull run begins, the price must surely skyrocket so there is nothing to be afraid of. A lot of investors are even eager for a further dip so that they can make more accumulations.

Yeah everyone likes to buy the dip in bitcoin because the bull run has started in the market so even if you buy now the investors will get profit. If you want to buy less then you have to wait. Bitcoin price breaks all time records. The price of the current digital currency bitcoin was around $70,000 but has now dropped somewhat. Now it would be better to hold it until it reaches the all time high price of bitcoin.

[lienfaye]

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 can't exactly predict the next movement of Bitcoin. If only we knew then probably many of us are already rich now. Therefore, invest base on your belief, understanding and analysis about Bitcoin. Tracking back the past history might be a big help for investors who have doubt and still hesitant to engage themselves. It started with a low price that many investors ignored but look now, who would have thought?

Nevertheless, buy Bitcoin not because you just want to join the ride, but because you have knowledge about it and you are aware of what you're getting into.

[Nrcewker]

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.

[Oasisman]

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.

Here goes the answer to your own question. Since nobody knows whether or not bitcoin will pull back a little more in the next coming days, it is always safer to accumulate via DCA just to make sure you're not missing any dip. Try to not hesitate everytime you see a good opportunity to accumulate otherwise you'll probably gonna be FOMOing once bitcoin start to make another rally.
Remember, the post halving tends to create a huge bullrun based on the last 3 halving we've seen so far. That is something that everyone doesn't want to miss. However, not everyone has the risk appetite and confidence to buy during corrections.
There has been a lot of consolidation period, but same people kept asking If it's really a good time to enter the market or accumulate more fractions. This question is actually a never ending one lol.

[Iranus]

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.

I want to tell you that bitcoin is unpredictable and no expert dares to tell you that they know how bitcoin will move tomorrow. But one thing I know is that those who are hesitant and always waiting for bitcoin to decrease further to buy will always have to buy bitcoin at a higher price. Like yesterday when bitcoin dropped to $61k, many predict it will reach $55k before rising again. But what about now? Bitcoin is trading above $67k and will likely continue to move higher in the final days of March. Those who delayed buying bitcoin yesterday are having to buy at a higher price. This is a real example that just happened and you can think for yourself and make your own decisions.

[DAO2024]

It is always good time to buy BTC.   

[BITDV]

It is always good time to buy BTC.   

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

[Rockstarguy]

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 drop of bitcoin price was a good opportunity to buy bitcoin but many people  thought it was just the end of the bull market as the price was decreasing drastically.  When the price of bitcoin is dipping one just need to observe the market first to know if the bull is over or if it is an opportunity to buy more. As bitcoin as gotten to this amount,  it is important for people to be watchful of the market before investing,  it is also important to invest the amount one can afford to lose because many investors can predict the finall amount that bitcoin is heading to, so therefore let's invest with the amount we can afford to lose and not with all the savings just because to earn good profit from Bitcoin.

[Ayers]

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 drop of bitcoin price was a good opportunity to buy bitcoin but many people  thought it was just the end of the bull market as the price was decreasing drastically.  When the price of bitcoin is dipping one just need to observe the market first to know if the bull is over or if it is an opportunity to buy more. As bitcoin as gotten to this amount,  it is important for people to be watchful of the market before investing,  it is also important to invest the amount one can afford to lose because many investors can predict the finall amount that bitcoin is heading to, so therefore let's invest with the amount we can afford to lose and not with all the savings just because to earn good profit from Bitcoin.

Bitcoin was once considered a quite risky investment when faced with fierce opposition from many governments and countries around the world. But with the approval of bitcoin ETFs, I don't think investing in bitcoin is as risky as before. So I think the saying only invest what you can lose is no longer true. Bitcoin has become safer but high volatility has not disappeared, so we should only invest with money that is idle and will not be used in the near future. As long as we can persevere in holding for a long time, our money cannot be lost because the legitimacy of bitcoin has been recognized.

[bayu7adi]

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

Sorry... but I'm sure someone must have said "buy with an amount you can afford to lose"... then if $200k makes you regret and even get depressed when you lose that amount, I think that's too big an amount to spend on Bitcoin.

Perhaps a more suitable investment model is safer than Bitcoin if one adjusts for the fears that occur.... Bank deposits look more appropriate for him, that is if the owner of the money can live on $833 per month (assuming the APY is 5%. .. the numbers could of course be bigger)..

For BTC purchases, usually after doing DCA and someone's portfolio value experiences a profit... that will make someone love investing. It's possible to do DCA from tens of $ per week.

[R1dwanRz]

I think Bitcoin is currently still worth considering, the new ATH has happened, but the halving based on speculation and predictions has not yet happened, meaning there is still a lot of hope for crypto users to do something.
The point is: belief, if you feel like you don't have a chance right now, don't do anything for Bitcoin and if you believe of course this is an opportunity, what should you do for yourself, the point is that Bitcoin never disappoints those who have it.

I believe the halving could have the effect on BTC price, but that's another story for another time. I was talking about Fed Meeting that could affect the BTC price, Fortunately we saw the bounce back to 67K. Since the Fed announced it would maintain current interest rates

And I lost a lot amount of money on Alts, and BTC. So I felt like I should ask the community, like taking opinions and thinking what to do next. But thanks for your input on this mate.

If you can continue to DCA, this time is good to buy more. But the market is not in bull run for now but bull market is still coming.

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. 

Is Bitget not an exchange? The zero fee that you meant is the trading fee or the withdrawal fee? I have not seen an exchange which makes bitcoin withdrawal fee to be zero and the exchanges are making money from their users because they charge far enough than it is required for onchain transactions.

Yes it is, but actually what I meant was there's zero fees in taker and maker on the exchange until May 20th. so I thought i could take advantage of that and buy more BTC lol.. But fortunately I had bought some using little bit of funds, I am surprised quite lot of people wanted to check on me if I have bought or not during this dip. This post is actually just a question on how I can improve further and try out the best strategies next time when I think of buying more BTC.

[Ricardo11]

A fall in the price of Bitcoin was an opportunity to buy Bitcoin. Remember every dip is an opportunity to buy bitcoins. Many panicked and quit Bitcoin during this dip, and later regretted it. The best way to profit from Bitcoin is to invest using the DCA method. Keep investing the amount you can afford to lose using the regular DCA method. Let's keep investing using DCA method regularly to earn good profits. Bitcoin continues to grow in the long term.

[Rikafip]

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.

[Shamm]

In my own I can say that there's no exact time to buy some Bitcoin because I believe that everyday is good day to buy if we have enough money. Even the price is too high then still it is good to buy some Bitcoin. Cause we are all know that Bitcoin fullfil our needs if we invest to it.  There's a chance that Bitcoin will reach 100k in the near future and once thats happen then a lot of people around the world who invested in Bitcoin will going to be rich.
So as of now buying Bitcoin is a good decision.

[Marvell1]

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

Sorry... but I'm sure someone must have said "buy with an amount you can afford to lose"... then if $200k makes you regret and even get depressed when you lose that amount, I think that's too big an amount to spend on Bitcoin.

I still repeat that saying, it's easier said than done. Of course, once we invest, we should use the money we can lose, and we have also accepted risks when making investment decisions. But frankly speaking, no one wants to lose money even if it is money we can easily earn back another way. Today the price of bitcoin increases and brings you profit, but suddenly bitcoin price decreases, your profit will also disappear. That alone will make you feel regretful, not to mention losing your initial capital.

There is a huge gap between saying and doing, mate. We always say we are ready to accept the loss of money invested in bitcoin, but in reality no one wants that bad thing to happen, especially a large amount of money.