Let's Hold Strong, Not Hope for a Drop!

[Tmoonz]

The volatile nature of bitcoin creates room for people to hope and pray for it to fall so that they can accumulate more. Just because they want the price to fall doesn't necessarily mean that they need Bitcoin to fail; all they want is a good buying opportunity, which most people have mapped out at a different price. 
 
For wise investors, using the DCA method, they can buy at any given price, low or high, without even waiting for the bitcoin price to drop below $60,000, which they are currently buying as they go until they reach their holding volume target. It's as simple as that. 

Volatility is an inherent trait of Bitcoin, and that is even what makes it more interesting, buying at any price point doesn't really make much of the difference if only the intention is to hold for a long term, yeah in as much past event doesn't give a guarantee of the future historically there is a clue or guide  that Bitcoin will keep making a new all time high before or after it's halving event , that is to say that there is much hope for Bitcoin to keep increasing in value than  what we are seeing today hence instead of prioritizing for drop one can keep buying with the DCA strategy irrespective of the price point while making other preparations for buy if any dip shows it's self.

[Davidvictorson]

They say Bitcoin is expensive and want a price drop so they can "DCA" (Dollar-Cost Average) and add to their holdings. But seriously, who hopes for an asset they believe in to fall?

Hoping for a price drop so that they can DCA shows that the individual doesn't understand how to invest in Bitcoin. DCA is not done when they is a drop in market price. DCA is continuous irrespective of the market conditions. I also believe that those who want bitcoins price to fall so they can buy more are those who haven't gotten over the pain of downplaying Bitcoin's potential many years ago when they first heard about Bitcoin but didn't buy. Now they are opportunities to buy.

[serjent05]

I'm having a tough time understanding some recent pronouncements by Bitcoin enthusiasts regarding price.

They say Bitcoin is expensive and want a price drop so they can "DCA" (Dollar-Cost Average) and add to their holdings. But seriously, who hopes for an asset they believe in to fall?

I am not surprised why some Bitcoin enthusiasts wanted Bitcoin price to drop for a time being.  This is to maximize their profit when the Bitcoin market price hit its new ATH.  These people believe that in due time Bitcoin price rally is inevitable so they are wanting to accumulate as much as they can in a lower price even if they have to falsely create a sense of the Bitcoin market being overpriced.

At this price point, especially considering the 2021 bull run, this thinking is risky. You, the evangelists, are Bitcoin's core. If you consider these levels expensive, then who's left to buy?  A break below $60k could be devastating for sentiment, potentially hindering future climbs. Bitcoin has already tested these waters three times.

That is the point they wanted people to think that way so that buyers will withdraw they buy order and remove a certain support from the market making the Bitcoin price fall.  Then they swoop the falling price of Bitcoin and accumulate more.  I also do not think that Bitcoin falling down below $60k is devastating because it has been proven that Bitcoin market has the ability to instantly rebound in price especially if those who have huge amount of funding wanted it so.

Instead of waiting for a hypothetical $20k price and a multi-year recovery, why not take advantage of this relatively attractive price today? Let's work together to break through this resistance and show the world that Bitcoin is still the incredible asset capable of impressive new highs!

Even if we wanted to do such things, there are people who wanted to play the market.  People who have little funds can't do anything about it because it is hard for these people to come together and push the price up unless they are motivated by certain events.  While, people who have lots of BTC and cash funds can easily influence the market since they have the needed tools to make the Bitcoin market move.

They say Bitcoin is expensive and want a price drop so they can "DCA" (Dollar-Cost Average) and add to their holdings. But seriously, who hopes for an asset they believe in to fall?

Hoping for a price drop so that they can DCA shows that the individual doesn't understand how to invest in Bitcoin. DCA is not done when they is a drop in market price. DCA is continuous irrespective of the market conditions. I also believe that those who want bitcoins price to fall so they can buy more are those who haven't gotten over the pain of downplaying Bitcoin's potential many years ago when they first heard about Bitcoin but didn't buy. Now they are opportunities to buy.

I think they know how to maximize profit and DCA during a market fall is one effective way of maximizing one's profit.  These people believe in Bitcoin but wanted to influence or manipulate the market movement according to their plan.  We might say that they release those statement for their selfish goal of getting more profit than anyone else.

[RockBell]

Aren't you happy about the price drop? you should be happy to buy BTC at a cheap price and what I see on the Bitcoin price action I don't see any suspicion it is everything ok and it is forming a symmetrical flag it looks like a bullish flag and the price it's still within the flag.

The possible price that BTC will bounce again when it touches 59k but if it fails it should be around 57k that is the support area of the symmetrical flag.
So it's too early to say that Bitcoin will reach a new ATH my prediction we need to wait for q3 and q4 if it can break the 71k once it breaks we should see new ATH next year.

Only does that have the intention of accumulating will want to buy when the price down becomes that is the only time you will be able to add enough to the numbers you already have. So that when the market bounces back you will be able to make more than the initial expectations, the period the price is down people that are holding will know what to do, they don't need to be told, money that some people use in gambling using it in periods like this in bitcoin will be better than using a large amount to gamble and some will tell you that when they make a big win they will use their win to invest in gambling.

Anyone that has the intention of making money will be mindful of every situation and see if it is something they will make money from because paying attention is one of the keys to also make money.
I don't think the price will drop down to 59 possibly 60k, sometimes our predictions might go wrong but anyone that is already familiar with bitcoin should know that their is nothing to worry about, no matter how bad the price might be dropping to, it only beginners that will panic because of price. People that already have the knowledge will continue to buy and hold.

[Orpichukwu]

Volatility is an inherent trait of Bitcoin, and that is even what makes it more interesting, buying at any price point doesn't really make much of the difference if only the intention is to hold for a long term, yeah in as much past event doesn't give a guarantee of the future historically there is a clue or guide  that Bitcoin will keep making a new all time high before or after it's halving event , that is to say that there is much hope for Bitcoin to keep increasing in value than  what we are seeing today hence instead of prioritizing for drop one can keep buying with the DCA strategy irrespective of the price point while making other preparations for buy if any dip shows it's self.

Only those who don't truly understand how Bitcoin works and its potential are the ones trying to wait for its price to drop for them to buy. What such a person only cares about is making a short-term profit.
 
That's with the opportunity of buying when the price is low and selling when the price goes up a little bit. This has been the strategy of some investors; they don't care about long-term holding or even dollar cost averaging in order not to feel the weight of the price drop of money spent on accumulation.

[DaNNy001]

The volatile nature of bitcoin creates room for people to hope and pray for it to fall so that they can accumulate more. Just because they want the price to fall doesn't necessarily mean that they need Bitcoin to fail; all they want is a good buying opportunity, which most people have mapped out at a different price. 
 
For wise investors, using the DCA method, they can buy at any given price, low or high, without even waiting for the bitcoin price to drop below $60,000, which they are currently buying as they go until they reach their holding volume target. It's as simple as that. 

Well most person that are thinking this might be the are maybe the ones that have been doubtful of the actual increase of Bitcoin and when they see the price has pumped they feel they have missed and pray for the price to be corrected so that they can maybe wrap their hand on Bitcoin

[nelson4lov]

Bitcoin has gotten past the era of a couple of folks joining hands to keep price afloat. It's a market and there's always going to be upwards and downwards price movements. Both are healthy for a market this young to keep growing. Not everyone can have what they want in a market. Even Microstrategy that has a shit ton of Bitcoin already often wait for dips in the market before they buy more bitcoin. If we really want to show the world that Bitcoin is supposed to be the number asset on the planet, making the network cheaper, better and robust is a step in that direction not pumping the price to $1M or $5m when the network can easily be crippled by another BRC20/ordinals crap. No one is going to pay $5-$20 fees if we were to get mass adoption.

[Assface16678]

Volatility is an inherent trait of Bitcoin, and that is even what makes it more interesting, buying at any price point doesn't really make much of the difference if only the intention is to hold for a long term, yeah in as much past event doesn't give a guarantee of the future historically there is a clue or guide  that Bitcoin will keep making a new all time high before or after it's halving event , that is to say that there is much hope for Bitcoin to keep increasing in value than  what we are seeing today hence instead of prioritizing for drop one can keep buying with the DCA strategy irrespective of the price point while making other preparations for buy if any dip shows it's self.

Only those who don't truly understand how Bitcoin works and its potential are the ones trying to wait for its price to drop for them to buy. What such a person only cares about is making a short-term profit.
 
That's with the opportunity of buying when the price is low and selling when the price goes up a little bit. This has been the strategy of some investors; they don't care about long-term holding or even dollar cost averaging in order not to feel the weight of the price drop of money spent on accumulation.

Well, we cannot do anything about that; we cannot control those who want to do short-term things because it's their own money and investment, and I think there's nothing bad about that because that makes the market more volatile, meaning more people are interacting with the market and the market moves more, so it will create many possible entry points and analysis points that a trader or investor could earn. But of course, nothing beats the long term if you want to maximise the potential profit. I mean, if you are lucky enough, then you can experience the bitcoin bullish season, and as you are holding for the long term, you could also see your bitcoin amount getting bigger or increasing. So for me, either of the two depends on your goal. If your goal is to maximise the profit and to just relax while waiting for your assets to increase, then go for the long term, but if you are in a hurry and need some extra income, then short-term is the choice, but of course it can be too risky.

[Orpichukwu]

The volatile nature of bitcoin creates room for people to hope and pray for it to fall so that they can accumulate more. Just because they want the price to fall doesn't necessarily mean that they need Bitcoin to fail; all they want is a good buying opportunity, which most people have mapped out at a different price. 
 
For wise investors, using the DCA method, they can buy at any given price, low or high, without even waiting for the bitcoin price to drop below $60,000, which they are currently buying as they go until they reach their holding volume target. It's as simple as that. 

Well most person that are thinking this might be the are maybe the ones that have been doubtful of the actual increase of Bitcoin and when they see the price has pumped they feel they have missed and pray for the price to be corrected so that they can maybe wrap their hand on Bitcoin

One of the most funny parts of it is that most times, even when they are lucky enough to experience a Bitcoin price drop to the point where they missed buying it last time, they still hope for it to drop more and more before they can buy.
 
The Bitcoin price is never low enough for some people to buy it. I believe that's just an excuse they use to deceive themselves that the right time to buy has not yet come. I have someone who is still waiting to see Bitcoin below $20,000 before they can finally make their first purchase.

[tabas]

I'm having a tough time understanding some recent pronouncements by Bitcoin enthusiasts regarding price.

They say Bitcoin is expensive and want a price drop so they can "DCA" (Dollar-Cost Average) and add to their holdings. But seriously, who hopes for an asset they believe in to fall?

At this price point, especially considering the 2021 bull run, this thinking is risky. You, the evangelists, are Bitcoin's core. If you consider these levels expensive, then who's left to buy?  A break below $60k could be devastating for sentiment, potentially hindering future climbs. Bitcoin has already tested these waters three times.

Instead of waiting for a hypothetical $20k price and a multi-year recovery, why not take advantage of this relatively attractive price today? Let's work together to break through this resistance and show the world that Bitcoin is still the incredible asset capable of impressive new highs!

Well, you don't have to be serious when they're telling it for Bitcoin to go down so that they can buy. They don't want to miss the train and that's why they're hoping for a crash. It's not actually a total failure to say when its price goes down but they only hope for it to have some cheaper price for them to see get stack more of their stashes. And don't worry, there will always be buyers at different levels of Bitcoin. We might not appreciate it right now because the price seems to be disappointing for most but this is the time that they have been waiting for, so stack up, accumulate and buy more. Don't feel too emotionally with those comments, speculations or predictions whether they are favorable to you or not because this is a free market, a speculative market and everyone is free to share their thoughts. But what will matter is what you'll absorb.

[Maus0728]

You don't need much brainpower to understand that if the price drops, it's an opportunity for many of us to buy bitcoin for a much cheaper price, that's why people that truly knows how to navigate the bitcoin market doesn't get scared of dips in prices, it's because they know that it's an opportunity for you to get yourself some more bitcoin value without the worry that you're not paying your money's worth. If you don't want to be on that side, maybe hodling is still the best, your bitcoin might go down in value but it's not going to be any different in the long-term because dips will happen and you will think that your bitcoin value has dropped again.

[Solokan]

Currently, there are quite a few people who expect the price of Bitcoin to fall first because they want to buy more Bitcoin, but for me personally, I don't want the price of BTC to fall, in fact I want the price of BTC to rise quickly. However, in my opinion, currently the BTC price is being corrected, which has the potential to be a good moment to start buying using the DCA system. However, for those who don't have a lot of BTC, there will definitely be a feeling of wanting to buy BTC at a cheap price and of course when buying there will be doubts because they see the price is already high. but the saddest thing is that people who buy BTC at a cheap price like less than $20k and sell it at $25k essentially don't get a big profit and it could also be that people who have this fate want the BTC price to go down first because they want to buy it.

yes, the only way is that we have to take advantage of the current BTC price and of course it is very difficult to see the BTC price fall to a lower price like $20k, but it is very interesting if we take advantage of the current BTC price and we prove that BTC is a valuable asset and of course There is certainly a big potential for BTC to continue to rise because if we look at the market, so many people are buying BTC and in my opinion, more and more people are collecting BTC, which of course will make BTC prices continue to be good for the future.

[kryptqnick]

Well, people are often driven by greed, so it's not surprising that some want the price to drop, so that they can buy cheaper and get even more profit. But if one truly believes in the long-term success of Bitcoin, one can just do DCA constantly without worrying about it. Eventually, the bear market is, of course, very likely to come, so there probably will be some more opportunities to buy, but we're not at that stage right now. And who knows, maybe something not far from the current price will seem very low and cheap by that point.

[dezoel]

A fall is bound to happen after a rise, just like anything that has gone up too much is bound to come down at some point and the same is happening with the price of Bitcoin because as quickly as the price of Bitcoin went up, it was certain that there would be some correction and right now the market is going through the same condition. Bitcoin has had a good correction and there is hope for further correction as no one wants Bitcoin to fall much I don't think that those who have invested a good amount of money in Bitcoin will ever want BTC to fall. All other traders including me are hopeful that Bitcoin will go up now and they will get more profit and those who just started doing DCA, if the coin goes down from here, they will also face significant losses, and trading has always been a high-risk activity.

No one can say for sure which coin will go up at what time and if the market goes down, how long it may have to wait to recover its money. As for the rest, I hope that Bitcoin will go higher, but if the market is not going to live up to my expectations, I have to have the courage to face the truth because the way the market is looking at the moment, it looks like the market is going to fall further.

[Viscore]

They say Bitcoin is expensive and want a price drop so they can "DCA" (Dollar-Cost Average) and add to their holdings. But seriously, who hopes for an asset they believe in to fall?

Lol, people who said this didn't even understand what DCA actually is, they need to read twice the definition. If they want to DCA an asset that the price keep failing, it means they will end up in loss. DCA is actually a strategy to accumulate a good asset that the price will rise in the future.

After all, just wait and see, Bitcoin will prove them in the future.

Obviously, they are seeing DCA the wrong way. They only think that it would only be possible whenever a coin drops its price, not realizing that DCA can be done regardless of its price, even if its way to its peak price. But most probably, we can maximize the advantage of buying when the price is certainly low, but seeing the highly volatility with bitcoin, we should not wait anymore for a deep market crash but take advantage on every price that is available so we can increase the volume of our bitcoin portfolio.

[capoeira]

man...look at these candles that have been forming since I released this topic. lol
we didn't have this low volatility for +4 months.
This really is about faith, no traditional market whale-shit will make this break this severe resistance

[capoeira]

the fact that they threw this topic into economics>speculation proves my point. this is not about speculation or trading whatsoever. this is real crypto-life

[Mr.right85]

They say Bitcoin is expensive and want a price drop so they can "DCA" (Dollar-Cost Average) and add to their holdings. But seriously, who hopes for an asset they believe in to fall?

Hoping for a price drop so that they can DCA shows that the individual doesn't understand how to invest in Bitcoin. DCA is not done when they is a drop in market price. DCA is continuous irrespective of the market conditions. I also believe that those who want bitcoins price to fall so they can buy more are those who haven't gotten over the pain of downplaying Bitcoin's potential many years ago when they first heard about Bitcoin but didn't buy. Now they are opportunities to buy.

For a fact, Bitcoin price at this time is where a wise investor could see for a dip and seek to buy from a low in other to make the most of what is to come. The correction is nearly ended as at the moment, Bitcoin has been looking to rise with price going upwards towards $64.5k and that’s how we would find it seeking out the resistant price level in the days coming and eventually should it break it, then we would be preparing for a bull move possibly.

Hence, not having to invest now is giving room for procrastination which has never been favorable as your most likely not going to invest or buy a Satoshi in the end. That’s why DCA remains the best investment approach, it ensures your buying and you ensure your holding.

[capoeira]

yea, there is no sell pressure left right now. But Bulls are scared

[aylabadia05]

They say Bitcoin is expensive and want a price drop so they can "DCA" (Dollar-Cost Average) and add to their holdings. But seriously, who hopes for an asset they believe in to fall?

They may not have been involved in the market for a long time so they are still thinking about things that lead to panic of price declines. If expensive is still their consideration in taking an action and waiting for prices to go down, they will miss the train.
Bearish market makes traders often not in a profitable position, but for those long -term investors will be very profitable. That is, DCA can be done during the bullish and bearish market conditions so that it does not have to wait for price declines.