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Author Topic: Now is the best time to buy the dip and HODL  (Read 458 times)
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May 01, 2024, 10:25:24 PM
 #21

Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
There is no doubt that right now is a great moment to buy bitcoin, however I am sure that many of those that wanted for a dip to happen to buy some bitcoin are already scared and they do not want to take their chances, as they fear the price may go even lower, which is a shame as I think the lowest bitcoin could go is 49k, so buying at 57k is already very good, and anyone doing so most likely will obtain some nice profits during the upcoming months.

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May 01, 2024, 10:32:17 PM
 #22

This is not something new when dealing with Bitcoin, the market characteristics of Bitcoin is that it is highly volatile and we should not expect a continuous price growth, there are times when the market should hit the Dip beneficially creating an entry price to new investors and making it a lot profitable for those  who apply accumulating strategies to buy very cheaper.

The current price of Bitcoin at $57k is not a bad price for anyone to invest just like what other users has said, it becomes a probability if the market should recover from this DIP and again fall to this value. Having concluded the halving what we have in mind is something positive than it is currently and this may as well be a sign to keep on accumulating Bitcoin other than just staying and watch our portfolio depreciates as a result of the DIP.

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May 01, 2024, 10:48:26 PM
 #23

In my opinion, if the person cannot read the chart well, then that person should use another purchasing strategy, which would be, for example, buying in parts, if the person has 500$ and wants to buy bitcoin, they can buy it now with 100$ and wait. a few days or a week to see if the price recovers and stays above $61,000 and then buy more with $200, then spend days observing the price, if it doesn't fall again then buy with the remaining $200. I say this because looking at the chart, things are not good in terms of the price rising very quickly, the moment the price fell below 59000$ it became worrying (in my case it became good because I want to buy at the lowest price possible and hold for a long time). because if the price drops below $47000



So it will enter that problematic zone, I'm talking about $44,000 to $39,000 and if it falls there is only other very strong support at $32,000 to $29,000. I doubt it will even fall below $40,000, but for an investor, buying at the lowest possible price should always be the biggest objective because when the price rises a lot, it makes it easier for the investor to obtain large profits such as 3x or even 4x. If we look at the price of bitcoin for example, buying at $40,000 and holding until one day the price reaches $160,000 means the person can make a 4x profit with more realism in my opinion. while buying at $50,000 the person will make a profit of 3x in the most realistic long-term scenario

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May 01, 2024, 11:22:53 PM
 #24

Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
The support might be $56k and this is the new one. It's true that everyone should buy on this dip because it didn't even took a day then it's moving closely to $58k.

For some, this move might not be desirable as it's still low from where it had been from the $60k+ lines.

But knowing that it had plunged thousands of dollars too, this is considerably a healthy correction as it pulls back again to recover.

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May 01, 2024, 11:58:04 PM
 #25

Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
There is no doubt that right now is a great moment to buy bitcoin, however I am sure that many of those that wanted for a dip to happen to buy some bitcoin are already scared and they do not want to take their chances, as they fear the price may go even lower, which is a shame as I think the lowest bitcoin could go is 49k, so buying at 57k is already very good, and anyone doing so most likely will obtain some nice profits during the upcoming months.
There’s actually no need to worry even if btc price drops even lower than today. Knowing you are doing this for long term investment, then at the end of the day, you will never be at loss unless you decide to panic sell at an obvious losing price.

Now is the best time to invest, but only for those who have available funds ready to invest, and not that you will borrow or take a loan so you can grab the opportunity while btc price is in dips. That’s even more risky to do.

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May 02, 2024, 02:07:49 AM
 #26


Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.

That's automatic, if you're in crypto space longer than the past 2 or 3 halvings, you should already know that. Only weakhands are shaking right now, they might be on the verge of selling when bitcoin dips below $55k.
IMO, that moment bitcoin had correction after hitting the new ATH before the halving, that was actually a good opportunity already to accumulate more. Bitcoin is known to make another run several months after the actual halving, if someone is looking to maximize that opportunity, buying bitcoin via DCA starting today will be a great start. In the next 5-6 months or early in 2025, we are most likely going to see another bull run that could potentially hit the 6 digit mark.

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May 02, 2024, 02:22:45 AM
 #27



Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
a perfect time to accumulate once more because this will be the cheapest we can avail before the price reach its ATH again because that will happen months from now.
56k have been the perfect price but sadly i missed that instead i have added in 57k today.

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May 02, 2024, 03:01:00 AM
 #28

Though anytime is good to buy Bitcoin and HODL but this particular time that the price is at DIP is actually the best to purchase more and more Bitcoin.

I know most investor was actually waiting for this time for it an opportunity to accumulate enough Bitcoin to their portfolio and hodl realizing that Bitcoin investment is a long term investment, though nobody expected that the price will drop after halving I know most investor will be panicking but those that know the true movement of Bitcoin those that buy and hodl will seize this opportunity and purchase more Bitcoin either using the DCA strategy and hodl for a longer time like 4-10 years. Those that will buy now and hodl will smile in future time.

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May 02, 2024, 03:33:10 AM
 #29

i've been buying ETH right now but i'm not sure if its the right judgement on my end, the market could be still very well getting some dumps before we even see the real bullrun.
I want to maximize that minimal chance of getting ethereum at the lowest price possible so that I can get that peace of mind knowing my asset could rarely dump further.

though the market is obvious it will spike in price but usually before all that rainbows there's always storm, the market probably gonna be shaken for a while, the market sentiment is getting worst these days after the disappointment of the news involving the ETF approval in hong kong thats below many people expectation, even though its debut it successfully gained 200 millions USD in the opening of its ETF but market instead is dumping.
clear indication that something gonna be going, lets see whether my decision to buy the dip at around 57k for Bitcoin and 2.9k for ETH gonna be a wise decision.

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May 02, 2024, 06:55:31 AM
Last edit: May 02, 2024, 07:08:59 AM by cryptoWODL
 #30



Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
What is happening in the cryptocurrency market? All of a sudden we are seeing Bitcoin price fall in the cryptocurrency market and I think the market may be turning into a bear market. We have seen Bitcoin halving in the past few weeks when the four year cycle was completed we all thought we were seeing a bullish season in the Bitcoin market but now the opposite is happening. For a few days, the price of Bitcoin in the market fluctuated between $63k and $66k, but since then, the price of Bitcoin has decreased to $57,630. Now that the dip period in the market is passing, this may be the best opportunity for investors to buy Bitcoin. There are many investors like us who wait for the price of bitcoin to drop and buy bitcoins at low prices.
Those who will invest in bitcoins at the current price, if the price of bitcoins dips further from here, do not panic and HODL on patiently.

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davis196
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May 02, 2024, 07:03:40 AM
 #31

I don't know about buying at 57K. One guy on another forum predicted that the BTC price will drop down to 53K.
There's plenty of reasons why the Bitcoin price dropped in the last few days.
1.The BTC halving FOMO phase is over and many investors want to sell and cash out the profits.
2.The selling pressure would trigger lots of stop loss orders, which pushes the price to lower levels.
3.The investors, who want to buy the dip most likely would wait for a even lower price, so there won't be a fast price recovery back to levels above sixty thousand dollars anytime soon.
Anyway, I feel a little bit of regret that I didn't sell more BTC at 70K USD several weeks ago. Sad

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May 02, 2024, 07:31:48 AM
 #32

Yes, now is a good time to buy Bitcoin again at low prices. Investors are already taking their time to accumulate more Bitcoin by buying at these low prices. Maybe later we will not see this low price again so we should take advantage of this time to increase the amount of our Bitcoin investment.

Those who have purchased above $60k, need to be patient and not panic. They can buy Bitcoin again at the current price and that will lower the average buy price. That is why we should not buy all-in in anticipation of a decline like this time.

After the Bitcoin price experiences a correction, we will see an increase. At that time, many of those who have bought Bitcoin will smile and see the large profits they can get.

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May 02, 2024, 08:52:52 AM
 #33

Yes, now is a good time to buy Bitcoin again at low prices. Investors are already taking their time to accumulate more Bitcoin by buying at these low prices. Maybe later we will not see this low price again so we should take advantage of this time to increase the amount of our Bitcoin investment.

Those who have purchased above $60k, need to be patient and not panic. They can buy Bitcoin again at the current price and that will lower the average buy price. That is why we should not buy all-in in anticipation of a decline like this time.

After the Bitcoin price experiences a correction, we will see an increase. At that time, many of those who have bought Bitcoin will smile and see the large profits they can get.
No one knows to what extent the price correction will occur as it is now and indeed if buying now is the right time, especially for the future, of course it will be quite profitable, but I think after the Halving there will be a Bitcoin price correction that will occur over a fairly long period of time. before recovering and soaring high.
So waiting a while for a deeper correction is also not a bad thing.

For Bitcoin holders there should be no panic because we can see from what happened in the past and indeed Bitcoin prices are always able to recover higher, price corrections that occur like now are normal.
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May 02, 2024, 10:07:34 AM
 #34

Yes, now is a good time to buy Bitcoin again at low prices. Investors are already taking their time to accumulate more Bitcoin by buying at these low prices. Maybe later we will not see this low price again so we should take advantage of this time to increase the amount of our Bitcoin investment.

Those who have purchased above $60k, need to be patient and not panic. They can buy Bitcoin again at the current price and that will lower the average buy price. That is why we should not buy all-in in anticipation of a decline like this time.

After the Bitcoin price experiences a correction, we will see an increase. At that time, many of those who have bought Bitcoin will smile and see the large profits they can get.
No one knows to what extent the price correction will occur as it is now and indeed if buying now is the right time, especially for the future, of course it will be quite profitable, but I think after the Halving there will be a Bitcoin price correction that will occur over a fairly long period of time. before recovering and soaring high.
So waiting a while for a deeper correction is also not a bad thing.

For Bitcoin holders there should be no panic because we can see from what happened in the past and indeed Bitcoin prices are always able to recover higher, price corrections that occur like now are normal.

If you say that no one knows where the current price correction will end, then what do you base your belief that a deeper correction will take place in the near future? And if bitcoin doesn't correct further and recover from here, what will you do next?

The funny thing is that when bitcoin goes up, everyone thinks it will go even higher, but when bitcoin corrects, people think it will correct even deeper. Predictions that bitcoin will reach $75k or $80k after the halving have gradually disappeared, and instead, predictions that bitcoin will fall to $50k or $40k are becoming denser.

No one has a crystal ball to predict the future, so invest when you're ready and take profits when you're happy and satisfied with your profits. Don't try to be smarter than the market, we will pay a heavy price.

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May 02, 2024, 10:12:43 AM
 #35



Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.

There’s always a possibility that it will go down below, I mean way below so don’t limit your expectations to the current low price and always expect the worst. I’m saying this to avoid newbie traders on committing all-in on current price just use DCA whenever the price dip to have an average entry price.

Every dip is a perfect opportunity to purchase and hold so don’t get excited and limit yourself thinking that the price will not go down because you might experience sever loss in case you buy now while the price slide down and stay low for a long time compared when you DCA to purchase in every dip.

But the current price is one of the best time to purchase some for holding purposes.

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May 02, 2024, 02:54:33 PM
 #36



Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.

There’s always a possibility that it will go down below, I mean way below so don’t limit your expectations to the current low price and always expect the worst. I’m saying this to avoid newbie traders on committing all-in on current price just use DCA whenever the price dip to have an average entry price.

Every dip is a perfect opportunity to purchase and hold so don’t get excited and limit yourself thinking that the price will not go down because you might experience sever loss in case you buy now while the price slide down and stay low for a long time compared when you DCA to purchase in every dip.

But the current price is one of the best time to purchase some for holding purposes.

But you also have no evidence that bitcoin will continue to fall deeper , and the opposite also happens, this is the bottom for this correction ,  all possibilities are possible . Don't get too greedy or too scared when you see bitcoin correcting and thinking it could correct more .

But I agree with you that it's best for us to use the DCA strategy . But there's also nothing wrong with someone wanting to buy all their coins at the current price, and they won't lose money even if bitcoin corrects more. As we often say to each other , 1BTC=1BTC , as long as they don't sell their bitcoins they won't lose anything. Many people are willing to buy bitcoin at $73k , so there is no reason for us to be afraid to buy bitcoin at this price.

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May 02, 2024, 06:30:24 PM
 #37



Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
There’s always a possibility that it will go down below, I mean way below so don’t limit your expectations to the current low price and always expect the worst. I’m saying this to avoid newbie traders on committing all-in on current price just use DCA whenever the price dip to have an average entry price.

Every dip is a perfect opportunity to purchase and hold so don’t get excited and limit yourself thinking that the price will not go down because you might experience sever loss in case you buy now while the price slide down and stay low for a long time compared when you DCA to purchase in every dip.

But the current price is one of the best time to purchase some for holding purposes.
It may, but how much more? I do not think that it would go down much more than this, and I believe that it will go above this quickly even if it has a small drop. That is of course just what I think and I believe that we are not going to actually have any type of profit from this at all. I believe that if we could just invest all-in, price will go up enough to make us some profit, it is not going to be all that crazy, surely we could just end up with a good result one way or another.

We could probably just focus on how much money we could make, and for that to mean something, we need to just do what we normally do, and that should not be a big problem at all, it is just the way it is so far and should be something that we could arrange in the end.

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May 02, 2024, 06:47:25 PM
 #38

Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
Yeap yeap for the long term holder this is the big time for adopt some Bitcoin in there wallet. But I was not that some of them will be in panicking will not invest all selling their Bitcoin at their loss. Bitcoin market is currently kind of recovering it themselves. But I think we are going to see more deep in the future because halving has done yet and we are going to seeing bull season most likely after 1 year.



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May 02, 2024, 11:30:01 PM
 #39

Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
Yes bitcoin price dropped a lot, bitcoin price was coming down to 56k dollars but now it has gone up a bit now it is 59k+. Bitcoin is currently down in price and there are opportunities for those who haven't invested. Many expect the bull run to begin later this year or next year. So this may be the last chance, now it would be best to invest in DCA method. If you invest in the DCA method, you can buy bitcoins at average prices. If you invest in Bitcoin you must plan to hold for a long time.
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May 03, 2024, 10:28:32 PM
 #40

Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
Yeap yeap for the long term holder this is the big time for adopt some Bitcoin in there wallet. But I was not that some of them will be in panicking will not invest all selling their Bitcoin at their loss. Bitcoin market is currently kind of recovering it themselves. But I think we are going to see more deep in the future because halving has done yet and we are going to seeing bull season most likely after 1 year.
not good for someone to panic to sell out in Bitcoin or any of in cryptocurrency that is why to observe the environment is very important before you invest sometimes many people who panic to sell out their cryptocurrency always entered into the wrong side of investment after the sold their coins they are we be an increase of a cryptocurrency in the market some of them do regret of selling their coins when the market not matured enough

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