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

[MarjorieZimmermanGinger]

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 hope Bitcoin goes down because it can take a much larger accumulation and even if the price continues to rise then the DCA pattern can be used to buy. Anyone who has been involved in bitcoin investment understands the conditions of increases and decreases because it is a natural thing to happen.

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.

There are some people who think expensive levels have no chance of buying and that's because they don't understand the concept of DCA. There is no need to worry about who buys and sells because as long as there is supply and demand, Bitcoin will continue to be the best. If you pay attention before reaching the ATH, some people are hesitant to buy because they are afraid that the price will not reach the highest figure. But what we see and bitcoin continues to show new prices every time ATH comes and it becomes an accurate reference whenever people have doubts about bitcoin's journey.

[capoeira]

The strongest and most influential players of this market are the whales and institutional investors. You can expect them to manipulate the market to generate a feeling of mistrust and fear among average investors, who will consequently feel tempted to sell their holdings due to potential crashes in crypto market yet.

no one believes in "the big crash" anymore. it is kind of obvious that this time it is the belief in Bitcoin that is eroding.

[EluguHcman]

Most Investors mindsets are even like being volatile as the meme coins full of hyping and yet they never take the steps towards initial speculations of accumulating values for potential values.

I can imagine Bitcoin enthusiasts blabbing that... When the price drops they would buy more to their holdings and when it drops below, they would still come with other excuses that the price still remains high for DCAing.
What a madness, this is actually an asset they which they invested so how on earth are they requesting for its valuable downfall just to buy an accumulate more?

To me, such investors does not know how this DCA on Bitcoin investment works else they would be limited to such discouraged mindsets of waiting for an extreme devalued of Bitcoin before they can buy.

A question they fails to ask is that ... If Bitcoin falls so low as they expected, how long would it take to pump up to the value by which they can hold and make interests or reach a new ATH?

[shinratensei_]

I believe i've seen more people that are optimistic in regard of bitcoin price than the one that's waiting for it to go down. Most of them are very sure that bitcoin eventually will hit $100k, there are many CEO of investment companies and also influential billionaires making such statements.
the one that keep saying bitcoin is too expensive and it need to go down so they can DCA is probably the same people that are so afraid to buy bitcoin whenever it got dumped, i've seen that kind of people too.

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

People are worrying that $74k is the ATH for this bullrun, things are uncertain though, but previous bullrun also have this same vibes, some people scared at bear trap, some are optimistic and keep bagging, difference is that right now the one that hoard the most are those investment companies managing billions, they doesn't seem to have fear on the other hand the retailers are anticipating for the worst therefore hesitate a lot in buying more.

personally though, I think this is just aftermath of ETF inflow streaks where people are FOMO for the ETF, things have been pretty rough after breaking the ETF inflow records, now people want to withdraw after hypes subsides. will eventually become normal again I guess.

[jrrsparkles]

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?

Anyone who understands the trend of bitcoin and it's potential then have the potential to hold them in long term won't mind the dip even if it reaches below 50K or even lower cause they are waiting for this to happen so they can just dump their cash then wait for the cycle to reverse.

[ShowOff]

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?

Anyone who understands the trend of bitcoin and it's potential then have the potential to hold them in long term won't mind the dip even if it reaches below 50K or even lower cause they are waiting for this to happen so they can just dump their cash then wait for the cycle to reverse.

Small or large price swings in the market are not the reason why holders change their plans midway. Yes, I guess this is not the time to complain about why and what's next, this is a good opportunity to accumulate as much as you can. Let them sell while the optimists will buy, of course this is the most recommended step when you see a dip.

Is selling now a mistake? Probably not, especially for those who are still selling it at a profit. Otherwise, selling at a loss is the wrong decision. Experienced investors will not sell at a loss, they should have learned from past experience and that is why they try to hold and accumulate.

[Lidger]

If an investor invests with a long term plan then it will be easy for him to hold the investment but if the investor has no prior planning before investing then it is difficult for him to hold the investment for a long time. Those who do not have a plan in investing are often reluctant to sell their investments within a few days of investing because they are frustrated by the natural volatility of the market. Those who belong to this category of investors should be aware of market volatility before engaging in investment as well as develop risk appetite in them. When risk taking tendency is developed among them, they can invest according to DCA method and hold the investment for long time. That's why I mentioned DCA investment strategy in terms of investment because in DCA investment strategy the investor can invest as per his wish and can invest any minimum amount of money.

[capoeira]

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

I got slapped in the face, but I 60k should hold for now. next shorterm bull trend will decide everything

[capoeira]

70k is making everybody afraid. that is my point here.

[EarnOnVictor]

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?

Is Bitcoin truly expensive, yes, and I have warned about this many times, it may not be business as usual if I should be frank. We can't ignore the fact that Bitcoin is facing some new capital inflow challenges, and only God knows when it will stop. Liquidating to rebuy again at a lower price is better than losing back the previously earned profit

Also, whether it's DCA they will use or not, who cares, what matters is to outsmart the market to earn more.

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.

This is why everyone should open their eyes and not be blind followers, we should all treat Bitcoin as an asset that will not be always predictable (dynamism), which is unlike how some extremists take it. But in the end, it will disappoint them because it can't continue to behave like it did in the past. This is however not a proclamation that it will never rise to a higher level, no, but a warning that it could take decades to do what many think it will do in 4 years.

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 an incredible asset capable of impressive new highs!

Lol, I doubt if Bitcoin can reach $20,000 again, this can only happen if a serious issue occurs in the crypto space. On the upper side, moving it past the current ATH at about $73,850 will be a tough task. And this is not about motivation as you take it but an investment, and it is people's money we are talking about.

[Mr.right85]

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

I got slapped in the face, but I 60k should hold for now. next shorterm bull trend will decide everything

Well, it doesn’t seem to be holding right now as price just dropped below $60k. It’s really terrible what Bitcoin is doing and that is, if you haven’t got plans to accumulate a little more. Not a place we hope to see price at but, it is what it is and it’s either you take it for a buying opportunity, panic sell or just hold till it pumps again with the arrival of the bulls. My speculations puts the resistant price at around $58k. That should be it but, should prove not bounce back and breaks that point, I wouldn’t know what to say anymore till I find price showing some real potential towards an uptrend.

[royalfestus]

The capitulation of cryptocurrency miners is anticipated to play a significant role in the upcoming bitcoin surge. But how can we identify when miners have capitulated?

[YUriy1991]

Well, it doesn’t seem to be holding right now as price just dropped below $60k. It’s really terrible what Bitcoin is doing and that is, if you haven’t got plans to accumulate a little more. Not a place we hope to see price at but, it is what it is and it’s either you take it for a buying opportunity, panic sell or just hold till it pumps again with the arrival of the bulls. My speculations puts the resistant price at around $58k. That should be it but, should prove not bounce back and breaks that point, I wouldn’t know what to say anymore till I find price showing some real potential towards an uptrend.

Just like the price prediction you said above, BTC touched at 58.484K and after that a momentary reversal and if I pay attention to the price movement of BTC aan upwards even though it is not strong but it is good to go up again, maybe the 65K figure will be chased in the next few days.

And it seems that this is the moment to increase our BTC asset holdings and who knows maybe this will be the last correction in June.

[Dave1]

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?

That's wrong though, prices going down will not affect that much for investors who are doing DCA. On the other hand, those who have one time buying Bitcoin during dips will benefit more from it, not those who are DCA'ing.

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!

Nah, it will not be devastating if you know the game. if it breaks down below $60k then buy isn't it? Obviously there will be investors that are going to panic, but that's their fault though if they don't see opportunities like the smart investors here. So it's ok for the price to drop, because throughout Bitcoin's history, we always rebound and it will go higher as the last price.

[beerlover]

People are worrying that $74k is the ATH for this bullrun, things are uncertain though, but previous bullrun also have this same vibes, some people scared at bear trap, some are optimistic and keep bagging, difference is that right now the one that hoard the most are those investment companies managing billions, they doesn't seem to have fear on the other hand the retailers are anticipating for the worst therefore hesitate a lot in buying more.

I do not think that 74k will be ATH for this run at all, it is the current ATH and that's fine, but we are not even that much after halving. Go back in history and check the prices after halving after each of them, you will see that it takes about a year before it can reach the peak.

It means that we should see our peak probably around spring of 2025, and that means we are not at the all time high price of this bull run at all, we have some more time. I think around November or December it should be something that will take a while longer, and we need to make it work. I feel like it would be a good thing, I feel like it is going to be something that will take a while, but we can't really worry about the situation for the time being.

[reagansimms]

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 always adhere to the principle of Buy when it is cheap, then sell when the price is high. The DCA strategy that I am currently implementing is because I really believe in the huge potential generated from Bitcoin in the future, when I started using this strategy it was always based on the historical prices traded so far.
Buying consistently will make investors not burdened with the money to invest, they can buy Bitcoin every week or month using money from the salary they earn from their work. DCA is closely related to assets that have large potential and have strong fundamentals in the market, the price of this type of asset will continue to increase in the future and can prevent the risk of loss.

[ShowOff]

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 always adhere to the principle of Buy when it is cheap, then sell when the price is high. The DCA strategy that I am currently implementing is because I really believe in the huge potential generated from Bitcoin in the future, when I started using this strategy it was always based on the historical prices traded so far.

Yes, this is the simplest method to make profits in this fluctuating market. Buy low and sell high is the basic rule of trading, but the market has evolved and many other methods have been developed. Someone can make a profit by buying high then selling low, this can be obtained when you trade in future trading.

Buying consistently will make investors not burdened with the money to invest, they can buy Bitcoin every week or month using money from the salary they earn from their work. DCA is closely related to assets that have large potential and have strong fundamentals in the market, the price of this type of asset will continue to increase in the future and can prevent the risk of loss.

The basic rule that you need to consider to maximize the potential returns from your long-term investments is how you build your portfolio to be large. Consistency in buying as much as you can certainly helps, but you don't always have to buy every time you have a paycheck. You can take advantage of certain momentum to accumulate and build a portfolio, for example when asset prices fall by more than 5% while considering Dollar Cost Averaging.

The potential for price increases in the coming year still tends to be higher based on probability. We know that history will not always repeat itself, but if it does then you will really get big profits if today you have built your investment portfolio well. You can diversify your assets into some physical assets such as gold, land or whatever you deem worthy, but you must maximize the potential profits from market growth rather than just talking about it at many times and opportunities.

[Jegileman]

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 really get this type of feeling and it is very hard to see people wanting to see what they’ve invested in fall, especially those that are done investing and just waiting for their investment to grow. The Dollar Cost Averaging has its own advantages but to the one that have finished their investment to the limit they want, it won’t be something appealing to them anymore, only those starting to invest or wishing to invest more can actually feel and grab from the advantages of it. The enthusiasts always have it in mind to wait for the right time and not bothered about the volatility of the market much like other do.

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!

We can continue to preach about this all day but if you don’t have someone that has been convinced and believe in bitcoin beyond reasonable doubts, it becomes very hard for them to believe because of how volatile the market is now. To those that have believed and have great hope in this asset, you don’t need to echo it to them anymore. They know what is at stake and they know what they stand to get because they believe it will be in their favour at the end of the holding. It does not take only preaching to convince people, they need to have believe and future hope for the asset, if not it’ll all become a waste preaching what they feel in them that is not realistic.

[milewilda]

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!

Thats how market works specially now that there are already tons that being engaged or in connection to it on which we know that institutions now are really that trying to get a hold of huge number of coins.
Yes, as an investor then we do all like for the price to come up but we do know that we cant really be able to call it a market if it wouldnt really be having no drops.It doesnt really mean that we wont really be liking
for Bitcoin to break those resistances but we do know that there would really be that different factors on which it could really be that totally affect Bitcoins price movement whether its a known one or really just that
working in silent. There would really be tons of factors on why Bitcoins price drops or goes up.

When it comes to thinking about maximum profitability then of course we would want to make some entry on lowest price as possible because at the moment that the market will really
be having that recovery or bounce back then they would really be able to have that huge profits on which it would really be that a common approach. This is why market movement would
really be that truly random and if it happens then we wont really be having no choice but to get along with it or would really be that versatile towards it.

[Saint-loup]

People won't become bears by selling or shorting or won't become bulls by buying or placing long leveraged orders, just because few bitcointalk users think its price will decrease or increase. And TBH, no big event is scheduled in the coming months. So there is no reason to be much optimistic IMO. Quite the opposite, some bearish events are expected to happen in the coming months such as MtGox distribution. And much profit is yet to be taken. In addition summer months are not known to be good months for Bitcoin, they are rather bearish usually.