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Author Topic: Is It Time to Buy More BTC?  (Read 1184 times)
cocadalcan
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March 26, 2024, 09:08:25 AM
 #141

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
You're right, as the value of Bitcoin likes to move at its own pace, if you can grab bitcoin in the meantime, you might be more excited about investing today in the future. The current state of the BTC market is your daily buying opportunity for you. Instead of waiting for the dip every day, developing a mindset of investing little by little can create better prospects for your future.
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March 26, 2024, 09:55:00 AM
 #142

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.

Agreed, it's true that bitcoin is unpredictable in the short term but that doesn't mean we shouldn't make predictions and buy blindly. Although the future is difficult to predict, if someone is good enough based on experience and knowledge, we can also make predictions. Our predictions may be right or wrong but that doesn't matter, the important thing is to always have a backup plan if our predictions are not as expected. But I think we should research and analyze ourselves and not rely on the advice of others.

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March 26, 2024, 06:42:20 PM
 #143

No one knows for sure whether it is the right time to buy or not because the crypto market moves so fast. Recently Bitcoin experienced a decline after reaching a new ATH level, but it seems that this decline is only temporary as the Halving is getting closer. But if you believe that Bitcoin will experience a long-term increase during the halving, maybe this is the right time to buy and hold it until the halving occurs. All decisions are in our hands, therefore, never make decisions rashly, always monitor market conditions so that you can make the right decision.
in cryptocurrency investment the only best You have to buy this bitcoin is when the price of Bitcoin is low, So at this moment the price of Bitcoin produces in market then you can purchase a bitcoin for short time investment not a long time investment because people who purchase at that particular time when the price drop will make a profit,

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.

in normal circumstances there is no specific time someone supposed to buy Bitcoin any point in time is good time for someone to buy Bitcoin depending your duration of holding or Bitcoin with determine the actual you are supposed to buy Bitcoin for yourself, who is into short term investment can actually buy Bitcoin now on the cell the next 2 minutes or next one week time because the price of Bitcoin may appreciate so that is why we conclude that there is no specific time that is the best time of someone to purchase a Bitcoin.


Having this kind of volatility and a recent price dip makes it a good buy in the long term. If you believe that Bitcoin is going to go higher in the long term, this is a great opportunity to buy in. With all the interest being seen with the recent happenings with ETFs and institutional investors, it would be a great idea to have more. The coming halving would also give us more hope with the chance of having more.

I believe also that DCAing on to BTC is the best way to have a profit. Believe in it and you know that you gave it your all.
People misinterpret and misunderstand bitcoin investment so we have long-term investment and the also short-term investment so if you want to make a profit it depends on the Investment or bitcoin you want to venture into and if you're also want to purchase bitcoin when the price is high it is also depend which investment that you want to establish, my theory it is better for someone to buy Bitcoin that you hold for long time when the market is on bearished so that when the market increases then you will make a profit but some people especially the new investors does not understand such thing, any point they see Bitcoin as opportunity but you have to calculate where and also have a target before you can venture into buying or Bitcoin neither the long term duration or the short term duration.

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March 27, 2024, 07:54:02 PM
 #144

You're right, as the value of Bitcoin likes to move at its own pace, if you can grab bitcoin in the meantime, you might be more excited about investing today in the future. The current state of the BTC market is your daily buying opportunity for you. Instead of waiting for the dip every day, developing a mindset of investing little by little can create better prospects for your future.


Buying bitcoin at once is not easy so buy little by little with different percentage of money so then you can easily collect your bitcoin in different prices with different percentage. We should not wait this time for more decrease because now price will go higher and by waiting we can miss the better days of investment.

Now the price is 68k$ so we don't have any guarantee about the ups and downs but we know that halving will move the price in upward direction therefore choose bitcoin at any price as current price is more down as compared to the price originating after halving and it will stay longer until the end of this year.



 

 

 

 

 

 


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March 27, 2024, 08:09:25 PM
Merited by G_Besar (1)
 #145

-snip-
Buying bitcoin at once is not easy so buy little by little with different percentage of money so then you can easily collect your bitcoin in different prices with different percentage. We should not wait this time for more decrease because now price will go higher and by waiting we can miss the better days of investment.

Now the price is 68k$ so we don't have any guarantee about the ups and downs but we know that halving will move the price in upward direction therefore choose bitcoin at any price as current price is more down as compared to the price originating after halving and it will stay longer until the end of this year.
Not everyone can afford to buy 1 bitcoin nowadays, but there are many people who can afford it and it all depends on the budget that each investor has. Buying with DCA is good, even if you can afford to buy 1 bitcoin at a time. DCA will hopefully get them a lower average price than buy with lump sum, so don't ignore that buying strategy even if you can afford to buy all at once.

You may be right, prices are still difficult to predict even before the halving. An increase is certainly expected, but in this situation panic may occur more easily because there are many new investors who do not yet have good psychology about the market. You must be aware that not everyone is able to control themselves when market volatility becomes high, so the potential for correction cannot be ignored at all.

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March 27, 2024, 08:18:11 PM
 #146

$71k-$72k was invalidated this time and we've seen some correction again. So, it's just giving again another time and opportunity for everyone to buy. If you haven't done it yet, you have your choice to make at this time because once the halving is done and you'd see some significant increase, you might not be able to buy at those levels because your mind will tell you that it's already expensive until you'll never able to buy for real. That's why if you want to buy and you're one of us that are also long term holders and believers that Bitcoin is here to stay then you should do your part already and start the DCA.



 

 

 

 

 

 


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March 27, 2024, 08:41:02 PM
 #147

$71k-$72k was invalidated this time and we've seen some correction again. So, it's just giving again another time and opportunity for everyone to buy. If you haven't done it yet, you have your choice to make at this time because once the halving is done and you'd see some significant increase, you might not be able to buy at those levels because your mind will tell you that it's already expensive until you'll never able to buy for real. That's why if you want to buy and you're one of us that are also long term holders and believers that Bitcoin is here to stay then you should do your part already and start the DCA.
Subconsciously the person who buys waiting for a correction he will not buy because he has doubts after the correction then wants more down and so on.... Roll Eyes

Not without reason because they want to find the best price to buy while when the price goes up then it will be said to be expensive by them, one with a mindset like this then he must do DCA without thinking about any price, rest assured this may be the best solution for accumulation from now on, because buying bitcoin is never too late even if the price goes up to $100K if it is for the long term you can continue to hold it.

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March 27, 2024, 08:47:50 PM
 #148

$71k-$72k was invalidated this time and we've seen some correction again. So, it's just giving again another time and opportunity for everyone to buy. If you haven't done it yet, you have your choice to make at this time because once the halving is done and you'd see some significant increase, you might not be able to buy at those levels because your mind will tell you that it's already expensive until you'll never able to buy for real. That's why if you want to buy and you're one of us that are also long term holders and believers that Bitcoin is here to stay then you should do your part already and start the DCA.
Subconsciously the person who buys waiting for a correction he will not buy because he has doubts after the correction then wants more down and so on.... Roll Eyes

Not without reason because they want to find the best price to buy while when the price goes up then it will be said to be expensive by them, one with a mindset like this then he must do DCA without thinking about any price, rest assured this may be the best solution for accumulation from now on, because buying bitcoin is never too late even if the price goes up to $100K if it is for the long term you can continue to hold it.
That's true, when the price that they're targeting for buying is being hit they won't buy. Because in their minds that there is still some possible that it may go lower but in the end, it doesn't. Like those that were thinking about how low it can be before this bull run and some even thought about being in the same price of the bear market of 2018. We're too far from it already and it is unlikely to be back at those prices when we're moving on and the market adoption is very high at this point. If you miss out these prices during the correction then you'll be forced to buy it when it gets higher.



 

 

 

 

 

 


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March 28, 2024, 04:52:26 AM
 #149

Op There is no doubt that you can invest anytime, but if you are in a pinch of money, you can invest regularly with a small amount of money. If your investment medium is to be DCA method, every weekly and monthly you continue your investment based on your regular income up to 50 dollars, 70 dollars, 100 dollars, 200 dollars. If you invest in this way regularly then your investment will definitely be successful.

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March 28, 2024, 05:24:22 AM
Last edit: March 28, 2024, 05:56:02 AM by Volimack
 #150

Yeah bitcoin Investment no doubt bitcoin has always been considered as a good currency to invest. A bull run is going on in the market now that many investors are buying bitcoin. You can keep it by considering your financial aspects and you will get good profit. Bitcoin investment will be successful because the price of bitcoin will go higher.

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March 28, 2024, 08:57:40 AM
 #151

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

I agree with you, @R1dwanRz. History of BTC indeed telling us that the previous ATH always surpassed in the future, and it's not like this time when it was surpassed only a little bit recently, but big time, like 2 times at least. So, I expect at least $130k for 1 BTC, but no one can tell you when exactly it will happen.
We've got more time—at least a month left for halving. As said, the price used to reach new levels with every halving. This time, according to the previous estimate, we can expect more growth to happen in the coming days. At the same time, what has been said is that none have the ability to predict the exact timeline for the market to reach the new age. Considering the long term, one can prefer investing or buying at the moment, but it is a kind of risky investment to invest at the top and once again wait for the profit rather than buy at the bottom and look for the profit.

We have surpassed the previous ATH already. Smiley You and I were right about that. Smiley Now the question is when will BTC significantly surpass it? I mean, we are talking about $130k or even more. When that will happen no one knows, of course. It may take a year, but I think will be there sooner or later.

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March 28, 2024, 01:02:34 PM
 #152

It depends on the investment you are going to make, long term or short term. if in the short term the current price may look high, but in the long term it will look low because the future price of bitcoin is far above the current price. However even though you want a long-term investment that doesn't mean you have to buy at a high price like now because buying at a lower price will give you bigger profits.

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March 28, 2024, 04:54:58 PM
Merited by OgNasty (1)
 #153

Its always time to buy more btc Smiley
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March 28, 2024, 06:46:51 PM
 #154

Yeah bitcoin Investment no doubt bitcoin has always been considered as a good currency to invest. A bull run is going on in the market now that many investors are buying bitcoin. You can keep it by considering your financial aspects and you will get good profit. Bitcoin investment will be successful because the price of bitcoin will go higher.
Continue to buy Bitcoin with better consideration because this will not make us regret it later, especially now that the price of Bitcoin is getting more expensive due to the continued increase in prices in the market. $70K is still a pretty ideal price to buy if we still really believe in Bitcoin's continued price increase, so almost all investors are still trying to buy it now. So the price correction of Bitcoin itself will not be big enough and will not last long enough and this is proven by Bitcoin which has now returned to past the price of $70K in the market.

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March 28, 2024, 07:32:44 PM
Merited by Greyhats (1)
 #155

Its always time to buy more btc Smiley

This is the way...  I think instead of people trying to time the exact moment when they'll get the best return, they would be better off constantly buying like they do with a 401K until it's time to access the funds.  Dollar cost averaging should be a part of everyone's plan and if you don't have an income then you should be looking to acquire assets that pay dividends somehow, so that you can have a stream of income that will allow you to continue buying BTC.  If you buy when the TV tells you to, certainly you'll lose your money.  A tale as old as time...

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March 29, 2024, 03:08:23 AM
 #156

Sure thing! No time for questions, it's action time. This dip is your chance to grab more Bitcoin. Expect ups and downs, but seize the moment. Personally, I'm stocking up before the big bull run. Let's ride this wave!
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April 03, 2024, 08:20:40 AM
 #157

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. 

Well each individuals has there own method at which they love to accumulate Bitcoin and also like I already mentioned on my other post that in as much as there could be some certain advantages on buying when the price drops doesn't mean there would not be a profit when buy at any level because already Bitcoin has shown us that no time is late in terms of Bitcoin accumulation, weather some persons invested when the price is already on the All-time high but with time the price will surely move from there and create another All-time high, so perhaps that's why we shouldn't always wait for the dip before buying because we can actually invest on the current price and have a good profits in the future.

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April 03, 2024, 10:22:35 AM
 #158

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.
So this is another best time to buy , dropping to 65k again and yeah slowly growing since last night and with the price closing to 67k again maybe we should consider that the correction is over now and anytime it will spike back to 70k and maybe to beat 75 thousand dollars finally .

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April 03, 2024, 06:13:23 PM
 #159

Sure thing! No time for questions, it's action time. This dip is your chance to grab more Bitcoin. Expect ups and downs, but seize the moment. Personally, I'm stocking up before the big bull run. Let's ride this wave!
How you would consider that dip?Its not really that necessary for you to get that 1BTC accumulation or buying it up in total since not all would really be having that kind of capacity on getting a whole coin.
So it would really be just that understandable that you would really be able to buy up in fractions. When it comes to consideration on buying then this should really have done on bear market
where everything is really that in the floor but since this market is unpredictable and most people are really that emotional and this what makes them hinder on buying into those times then it wouldnt
really be so shocking that they would really be missing out those opportunities.

Somewhat we do have that called thing such as "DCA" on which we know that this could really decrease up your average entry point and brings up that profits
when Bitcoins price going up high. So it would really be just that depending on how you would really be looking at it.

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April 12, 2024, 06:28:05 AM
 #160

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.
So this is another best time to buy , dropping to 65k again and yeah slowly growing since last night and with the price closing to 67k again maybe we should consider that the correction is over now and anytime it will spike back to 70k and maybe to beat 75 thousand dollars finally .
I do agree that while we are getting closer to halving, it would make sense to make as much profit as possible, there is really nothing wrong with that. I get that it may look like there is something wrong with the situation we have right now, but if we keep this up then it is going to be quite good in the end.

I personally believe that the best way to go would be just making sure that we end up buying more and more, if we can do that then the result should be fine and we could make some profit from it as well. I believe we are going to end up with a greater return, and that means it is going to be something that we could benefit with time. This is of course only because we are looking at it in a decent manner and trust the price.

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