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Author Topic: Is It Time to Buy More BTC?  (Read 1444 times)
boty
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June 01, 2024, 02:19:41 AM
 #221

For now btc is a little bit risky to buy, i see the btc price is now so high and we need a big amount of fiat to buy small amount of btc, maybe we should wait for the price to drop down before we buy because if we buy now and the price of btc drop drastically we maybe in a big lose we need to understand the situation to avoid lose.
Since bitcoin is a long-term investment, trying to time the market to accumulate bitcoin in a dip will delay your bitcoin accumulation journey. You can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. The DCA strategy will allow you to accumulate bitcoin without waiting for it to dip before you can do so. With the DCA strategy, you can even accumulate bitcoin when it's increasing or decreasing, and it will also control your emotions.
I agree with what you say, waiting for a decline before making a purchase will of course miss the opportunity to collect Bitcoin, because we cannot know for sure whether the Bitcoin price will decline and using the DCA strategy as you mentioned will of course allow us to get big profits if we collect it regularly.
Controlling emotions is of course very important and we should not use savings funds for other purposes in the investments we make so that this will interfere with us in carrying out investments.
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June 03, 2024, 05:29:16 AM
 #222

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.

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June 03, 2024, 08:36:29 AM
 #223

I agree with what you say, waiting for a decline before making a purchase will of course miss the opportunity to collect Bitcoin, because we cannot know for sure whether the Bitcoin price will decline and using the DCA strategy as you mentioned will of course allow us to get big profits if we collect it regularly.
Controlling emotions is of course very important and we should not use savings funds for other purposes in the investments we make so that this will interfere with us in carrying out investments.

Indirectly, if you want to buy DCA, you can at any time, but it's better if you want to buy BTC in installments, even better when the market is being corrected so that the estimated value of our assets will increase even more if one day BTC experiences a price increase. Controlling emotions is not only needed in daily life, it is also necessary. Grin Grin.

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June 03, 2024, 04:39:38 PM
 #224

Indirectly, if you want to buy DCA, you can at any time, but it's better if you want to buy BTC in installments, even better when the market is being corrected so that the estimated value of our assets will increase even more if one day BTC experiences a price increase. Controlling emotions is not only needed in daily life, it is also necessary. Grin Grin.
There is no problem buying Bitcoin with DCA as long as it is to be stored in the long term with the aim of collecting little by little which will eventually become more in our own wallet. Because buying to save for the long term can also be considered as a form of investment in the best assets such as Bitcoin, so it is more appropriate to do so as long as we have income that we can use some of for this. And usually people who want to implement the DCA strategy will not focus too much on what the price of Bitcoin is at this time, but will focus more on what the price of Bitcoin will be in the next market cycle.

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June 03, 2024, 11:36:07 PM
 #225

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.

Bitcoin price is also very likely to hit the highs this year as Bitcoin is always hovering between $60k to $70k. So any time Bitcoin price could reach bull market targets, I had some fiat money that I bought Bitcoin with. So I think bitcoin is worth buying anytime and holding and long term holding.

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July 21, 2024, 07:35:58 PM
 #226

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.

Bitcoin price is also very likely to hit the highs this year as Bitcoin is always hovering between $60k to $70k. So any time Bitcoin price could reach bull market targets, I had some fiat money that I bought Bitcoin with. So I think bitcoin is worth buying anytime and holding and long term holding.

Agree, but you have to prioritize the DCA strategy to buy bitcoin at a certain price target because market price dynamics are always moving and you will have the opportunity to buy at a lower price if the market movement declines, such as the price of bitcoin below $60k a few weeks ago, I underlined that the price $60k-$70k is still relatively high to add assets at that price range even though there is potential for the price to break the new ATH, but I prioritize buying at lower prices and being patient to wait for the bearish market because I am sure the bearish market will definitely be repeated and I focus on adding larger assets at the lowest prices to create more profits in the future.

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July 22, 2024, 07:06:22 PM
 #227

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.

Exactly, to me still there's not a time for me not to buy bitcoin . Aslong I have my cash to keep my DCAing going either the market is bullish or bearish , so there's no best time to purchase bitcoin aslong you have the cash to keep yah accummulation going . And this is where most folks do get it wrong , they usually think that the only best time to accumulate bitcoin is during Bearish market, but that not actually the right mindset especially for those who are new to bitcoin .

Because focusing on the dip or bear market alone will only slowdown the growth of one bitcoin stashes. That's why we have DCA strategy to purchase bitcoin at different price interval, so there's no best time to buy bitcoin, so when comes to bitcoin all time is the best to purchase aslong the cash is available for purchasing.

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July 26, 2024, 02:29:58 PM
 #228

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.

Bitcoin price is also very likely to hit the highs this year as Bitcoin is always hovering between $60k to $70k. So any time Bitcoin price could reach bull market targets, I had some fiat money that I bought Bitcoin with. So I think bitcoin is worth buying anytime and holding and long term holding.

I also think that Bitcoin will see a few more ATHs this year and may cross $100k. The tendency to accumulate bitcoins regardless of price can yield huge profits for investors though the opportunity to increase buying levels during dips. Holding Bitcoin holdings during bullish periods that increase over time.
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July 26, 2024, 06:32:24 PM
 #229

I always emphasize on these, because is obvious that purchasing of bitcoin don't have exact time that's fixed the only thing is that when you have the capital to invest in bitcoin you can invest in bitcoin and your profit is dependent on bullrun, and duration, because I know very well that most of people invest in Bitcoin alway think that their is a special time someone can invest in bitcoin that's the best time, so I know that for you to invest in bitcoin it does not have a particular time, except that you wants to go into short-term investment in bitcoin.

 
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July 26, 2024, 08:58:05 PM
 #230

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 am not really expecting any serious drop from bitcoin for now, so if you are planning to invest, then you can start doing that by making use of the DCA strategy. Most people do keep on waiting for bitcoin to drop in price, and at the end, they do end up missing out, so we just have to be smart, and we have to start investing early. If you keep on waiting for a dip, it might end up not happening, or it might not drop to the level that we think before the market will bounce back, so people won’t still be investing.

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.
The confidence which am always having in bitcoin is that, no matter how the price drop, it’s going to bounce back, even if it’s going to take some period of time.

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July 26, 2024, 11:16:02 PM
 #231

Higher low on the daily and multiple positives to indicative a positive trend on multiple time frames.  Theres good reason to buy BTC, only negative I can think of is we did make a 5 month low in this month also.

Ever since BTC hasnt done anything to confirm that point as possibly leading downwards; my own conclusion was a failed move downwards had occurred hence the more rapid rise upwards was a reflection of failed negative action.     Both direction for BTC price action are being tested and for a long time, not breaking down lower easily qualifies us as positive hence buying in this area seems fair to me.

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July 29, 2024, 05:47:49 AM
 #232

I always emphasize on these, because is obvious that purchasing of bitcoin don't have exact time that's fixed the only thing is that when you have the capital to invest in bitcoin you can invest in bitcoin and your profit is dependent on bullrun, and duration, because I know very well that most of people invest in Bitcoin alway think that their is a special time someone can invest in bitcoin that's the best time, so I know that for you to invest in bitcoin it does not have a particular time, except that you wants to go into short-term investment in bitcoin.

well from my experience investing in bitcoin when there are fuds and bad news circulating around crypto space and when the market is full in fear is the best time Grin.

people can DCA and have good result from their investment by investing whenever they have money but buying the dip where we consider the dip to be too much of a dip is a good sign that maybe we bought at the bottom and if we happen to be DCAing this whole time it already reduces our dollar cost average by significant margin.

since BTC market is full of swing right now, why don't take advantage of it and catch all those bottoms



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July 30, 2024, 09:51:23 AM
 #233

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.
Everyone should do that if they think and have some confidence that the market will go up further in the coming month. You can't hold your hand back if that is the case because it can bring you good profit, even if it's a lot of profit, you will at least get something out of your money that would be kept idle if you don't buy anything with it, and if you wish to buy, Bitcoin should be the priority because altcoins will only follow its movements.

The market hasn't shown a lot of positive movement for some time, and this has made a lot of people think that we aren't going to witness a bull run anymore the highest price point was $73k where Bitcoin went and came back down some time ago, but I don't think that way, I believe we are going to see something epic this time.

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July 30, 2024, 11:23:02 AM
 #234

There is no specific time to invest in Bitcoin, but yes, we should try to buy Bitcoin at lower prices and That is the DIP, dip is the best time to buy bitcoin, after buying bitcoin on dip, when bitcoin pumps, we get more profit. So generally there is no specific time to buy bitcoins, but we should try to buy more and more on the dip, it increases our leverage.

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July 30, 2024, 10:14:20 PM
 #235

There is no specific time to invest in Bitcoin, but yes, we should try to buy Bitcoin at lower prices and That is the DIP, dip is the best time to buy bitcoin, after buying bitcoin on dip, when bitcoin pumps, we get more profit. So generally there is no specific time to buy bitcoins, but we should try to buy more and more on the dip, it increases our leverage.
That's most important advice that should be given to a newbie in cryptocurrency investment industry, because it's obvious and quite understood that cryptocurrency investment mostly bitcoin doesn't have a specific for its investment.

I will just encourage that whenever you have capital to invest in bitcoin you should invest immediate and do not hesitate,  because I know that bitcoin doesn't have a particular regulation in price and I know that since it doesn't have a regulation you can invest at any point in time due to the decrement and increment of it.

 
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July 30, 2024, 11:58:04 PM
 #236

For me there is not a time for me not to buy Bitcoin. If I do have some extra fiat and I do think there will be a 'bull run' I will buy more. I am 'bullish' and think there will be new all tmie high this year. So I am going to buy if have some fiat and take profits when it does happen.
I agree with you that there will be ATH this year even though price has shown great unwillingness to go beyond the $70k price point. It is not surprising though because the market have to behave in such a way that weak hands will doubt and give up before the real moves. I believe the market condition this period is a nice test for people and those who understand this are already taking advantage of the situation by converting more fiat to bitcoin. Just like you, I am very bullish on bitcoin.

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July 31, 2024, 06:46:10 AM
 #237

There is no specific time to invest in Bitcoin, but yes, we should try to buy Bitcoin at lower prices and That is the DIP, dip is the best time to buy bitcoin, after buying bitcoin on dip, when bitcoin pumps, we get more profit. So generally there is no specific time to buy bitcoins, but we should try to buy more and more on the dip, it increases our leverage.

There could be some time still in our hands to invest on Bitcoin, we are further away from the 6 digits that most speculators are seeing our our all time high. So that could be mean around $100k-$150k so at least we can make profits if that happens.

And as we move forward, it will become limited, so again, accumulate today, maybe you don't have the intention to sell it in this bull run and wait for the next 4 years. So it's up to you on what strategy will fit you best. The lesson is that we have plenty of time on our side, we might not have the money for now, but still if we invest right now, we will make a lot of profits in the future.

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July 31, 2024, 08:58:05 PM
 #238

There is no specific time to invest in Bitcoin, but yes, we should try to buy Bitcoin at lower prices and That is the DIP, dip is the best time to buy bitcoin, after buying bitcoin on dip, when bitcoin pumps, we get more profit. So generally there is no specific time to buy bitcoins, but we should try to buy more and more on the dip, it increases our leverage.

There could be some time still in our hands to invest on Bitcoin, we are further away from the 6 digits that most speculators are seeing our our all time high. So that could be mean around $100k-$150k so at least we can make profits if that happens.

And as we move forward, it will become limited, so again, accumulate today, maybe you don't have the intention to sell it in this bull run and wait for the next 4 years. So it's up to you on what strategy will fit you best. The lesson is that we have plenty of time on our side, we might not have the money for now, but still if we invest right now, we will make a lot of profits in the future.
It is really just that simple.

BUY when the market dips or simply DCA.
SELL when you it hit up that target price or ATH or peak price.

To make yourself not be able to get stressed out too much about market conditions then set specific goals or targets. Stick into it whenever you've seen the opportunity on certain market conditions then
do act on what you had set earlier. You wont really be finding yourself that getting stressed or getting impulsive just because of seeing market conditions since you are already anticipating or expecting into it.
The most common issue for most people is that on the time that they are really that dealing up with trading is that on the moment that the market dips or having that deep correction is that
they do simply freak out. Instead of making some DCA they do rather cut loses for those people who dont have sufficient experience would really be doing stuffs.

They would really be only making up some realization on the moment that they've seen that they had made out some shit decision about into their positions.  Smiley

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August 08, 2024, 04:05:50 PM
 #239

Its always time to buy more BTC.  Certainly today you have some very positive action on going, we have recovered BTC price action all the way back to meet the weekly average.

Holding near 60k or above till the end of the week will seal the recovery into holding medium term and beyond this month hopefully.   The only doubt I have at the moment is volume of buying within this positivity.  If we presume at least some of the current buyers are speculators then they will sell leaving far less to hold the price up high.

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August 08, 2024, 04:59:57 PM
 #240

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.
If you think that the current time is the right time to buy and invest in Bitcoin then you can invest. It is almost always worth buying and investing in Bitcoin. However, the best way to invest in Bitcoin is to invest using the DCA method. Investing using the DCA method will make your investments much more successful. For example, in which direction the market will move from the current position, but no experienced people like us can tell and understand well. We have finished bitcoin halving almost a few months after halving it takes roughly a year for bull run to start so we are close to bull market so if you have not invested then invest hopefully you will get good success by 2025.

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