Buy more Bitcoin when downward

[adultcrypto]

Are you serious calling a new ATH a downward trend, that's really hilarious bro, anyone who is buying now for the short term is already at lose cause there isn't any guarantee that bitcoin would exceed 100k this bull run, so I recommend a long term approach and using the DCA method at this point so you would be at a better position to later decrease your total buying average.

You may be mistaken the OP because he will not deliberately  call ATH a downward trend. What I suspect he is referring to is the currenct correction that has taken price to $54k before the minor push to $58k. Bitcoin moving from over $65k to $54k is actually a minor downward trend,there is no point denying that. I think the point in the post is that such market conditions is time to buy and not sell like many week hands are doing. Actually, experienced people buy during such periods and benefit from the reduced price.

[Republikcoin.com]

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

If we look at the difference between the price of Bitcoin in the last few months and the price of Bitcoin this month, it can certainly be said that there is a huge difference because the price drop itself has also been more than ten thousand dollars. However, everyone still has to remain calm and there is no need to panic because we can all still hope for price recovery to occur again in Bitcoin, although those who have spare money can immediately buy more to increase the number of Bitcoin assets in their respective wallets.

[wxa7115]

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

If we look at the difference between the price of Bitcoin in the last few months and the price of Bitcoin this month, it can certainly be said that there is a huge difference because the price drop itself has also been more than ten thousand dollars. However, everyone still has to remain calm and there is no need to panic because we can all still hope for price recovery to occur again in Bitcoin, although those who have spare money can immediately buy more to increase the number of Bitcoin assets in their respective wallets.

People need to calm down, bitcoin is currently being priced at 55k dollars and it is likely we are as close to a local bottom as possible, so buying now entails as little risk as an investor can possible take, while the upside potential is enormous.

So anyone that is serious about investing in bitcoin and that can hold their coins for a long period of time, will have great chances of making a lot of money with their investment, however only those that truly believe in bitcoin can do a movement like this, as if someone that did not fulfilled that criteria tried to do this, it is likely they will be unable to keep holding their coins in the case of a downward movement, and they could sell for a loss.

[uswa56]

People need to calm down, bitcoin is currently being priced at 55k dollars and it is likely we are as close to a local bottom as possible, so buying now entails as little risk as an investor can possible take, while the upside potential is enormous.

So anyone that is serious about investing in bitcoin and that can hold their coins for a long period of time, will have great chances of making a lot of money with their investment, however only those that truly believe in bitcoin can do a movement like this, as if someone that did not fulfilled that criteria tried to do this, it is likely they will be unable to keep holding their coins in the case of a downward movement, and they could sell for a loss.

We all cannot know for sure to what low point Bitcoin will fall and currently we see the price of Bitcoin is below 60k and as you said is very correct, if we buy now of course we will have little risk and we can hold the assets we collect This is in the long term and we all believe that the price of Bitcoin will increase in the future, so if we really have funds that we can use to survive for a long period of time of course this will be very good for us to use to invest in Bitcoin and we will be able to profit when the increase arrives.

What you say is very correct, when someone really understands that Bitcoin assets will be very profitable in the future, they will certainly try as much as possible to be able to own these assets and be able to generate profits in the future, but for some people who only have a little understanding about Bitcoin and If they don't try to continue learning about Bitcoin, they will certainly panic when they see market conditions that continue to experience correction, so they will sell it at a loss.

[TravelMug]

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

If we look at the difference between the price of Bitcoin in the last few months and the price of Bitcoin this month, it can certainly be said that there is a huge difference because the price drop itself has also been more than ten thousand dollars. However, everyone still has to remain calm and there is no need to panic because we can all still hope for price recovery to occur again in Bitcoin, although those who have spare money can immediately buy more to increase the number of Bitcoin assets in their respective wallets.

Again, everyone should look at the bigger picture and not just look at the per month basis. And if you look at the calendar, it seems that we are in break-even. Four months of gaining big and then we have 3 months in the decline. So there's nothing to worry about as it seems that the market is still in the middle and anything can happen in the next five months that at the end of the year, it's more positive  than decline.

So yeah, I do agree that we should be buying in this decline mode, there's no better way to see the price is still cheap and then looking at the future, next year we might be in the 6 digits already and so this is a perfect opportunity to buy.

[Belarge]

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

The market respect no investor so we take an entire survey of the market before going all in. Bitcoin will remained the ultimate target for everyone and we shouldn't bother for other activities but bend more dealings with the system. We can't have full control of bitcoin but we can actually make it work towards our strategies and expectations, we just have to stick to the disciplinary principles that will emerges to growth.

[justdimin]

If we look at the difference between the price of Bitcoin in the last few months and the price of Bitcoin this month, it can certainly be said that there is a huge difference because the price drop itself has also been more than ten thousand dollars. However, everyone still has to remain calm and there is no need to panic because we can all still hope for price recovery to occur again in Bitcoin, although those who have spare money can immediately buy more to increase the number of Bitcoin assets in their respective wallets.

Again, everyone should look at the bigger picture and not just look at the per month basis. And if you look at the calendar, it seems that we are in break-even. Four months of gaining big and then we have 3 months in the decline. So there's nothing to worry about as it seems that the market is still in the middle and anything can happen in the next five months that at the end of the year, it's more positive  than decline.

So yeah, I do agree that we should be buying in this decline mode, there's no better way to see the price is still cheap and then looking at the future, next year we might be in the 6 digits already and so this is a perfect opportunity to buy.

Not a lot of people are capable of doing that because a lot of people are rushing into making as much as they possibly can as quickly as they can. I know that's wrong and I don't do it, but I also understand the type of people who does it, they are not here because they think that they can be wealthy with bitcoin, they are here because they think this is some sort of get rich quick scheme and that's the problem.

This is why I honestly think that the best way to go about this would be making sure that we are dealing with a problem, and for that problem to be something that will take some time. I believe that it is going to be something that will not be easy, and we should consider how grow with bitcoin over course of long term.

[laijsica]

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

The market respect no investor so we take an entire survey of the market before going all in. Bitcoin will remained the ultimate target for everyone and we shouldn't bother for other activities but bend more dealings with the system. We can't have full control of bitcoin but we can actually make it work towards our strategies and expectations, we just have to stick to the disciplinary principles that will emerges to growth.

Well bro. Overall market situation which is limited to price rise and downward as a normal investor you should stay in regular buying. Accumulating bitcoins through DCAing can also add peace of mind to your future. Increasing your bitcoin buying in line with your income and taking care of that stack should keep you going smoothly for a long time.

[milewilda]

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

The market respect no investor so we take an entire survey of the market before going all in. Bitcoin will remained the ultimate target for everyone and we shouldn't bother for other activities but bend more dealings with the system. We can't have full control of bitcoin but we can actually make it work towards our strategies and expectations, we just have to stick to the disciplinary principles that will emerges to growth.

Well bro. Overall market situation which is limited to price rise and downward as a normal investor you should stay in regular buying. Accumulating bitcoins through DCAing can also add peace of mind to your future. Increasing your bitcoin buying in line with your income and taking care of that stack should keep you going smoothly for a long time.

But of course when it comes to buying and on how much you would really be putting or investing will really be that definitely be depending on certain conditions too specially if you are really that holding for long term
or would really be going for short term. For sure you would really bet hat minding about maximum profitability on which you would really be that trying out to the possible bottom as much as you could on which its a normal approach to have. On the moment or time that you do make investment then of course you should really be that investing on the amount on which you can afford to lose. Dont rely your future on it though because there's no such thing about assurance when it comes into this aspect.Everything would really be that still depending or basing up on how much you would really be considered on buying up things accordingly
but it would really be that somewhat risky if you do have those kind of views about being that giving that good life once it would be making up such increase. Invest on what you can afford to lose
and never ever rely on it.

[Dunamisx]

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

[coolcoinz]

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

What are you even talking about? The price is constantly in staying between 60 and 70k, excluding short periods where someone crashes it intentionally, like the German Governent did, but these are random events that don't change the fact that there's demand for bitcoin at $60k and the lower you drive it the higher that demand becomes. That said, you can't make the price stable. It's going to swing from time to time, but the average stays the same and the trend is towards a new high.

How can we be bearish if we went 3x from the beginning of this year and are still holding that 3x to this day? This is clearly a bull run and that's what it should be after the halving.

[yudi09]

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

Bitcoin market price movements this month are not considered bad during the two weeks currently running the third week even though in July there was a price drop due to the German government and Mt.Gox regarding the distribution of their assets and for me the price drop that occurred as a result of this is not considered serious because it went back up $65,000 and to me that's very normal to show a fluctuating price market.

DCA in collecting Bitcoin is still a good method because the difference in the amount of Bitcoin purchased at each opportunity will be covered when the price is at the new ATH and you will even get a small profit.

[STT]

Classic pullback within a positive trend right now, back to the 2 day average.  Price has fallen for much of today hence the red bar on the daily but its purely consolidating the price action from prior gains so I would still evaluate this near term BTC as moving upwards merely taking a breather.  This is also the area of the 50 day average so a reasonable point of rest after gains seems like.

Another point in favor of this being not so negative is price action remains way above the weekly average near 61k.  So it would have to go back alot further to register as negative.

[wxa7115]

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

What are you even talking about? The price is constantly in staying between 60 and 70k, excluding short periods where someone crashes it intentionally, like the German Governent did, but these are random events that don't change the fact that there's demand for bitcoin at $60k and the lower you drive it the higher that demand becomes. That said, you can't make the price stable. It's going to swing from time to time, but the average stays the same and the trend is towards a new high.

How can we be bearish if we went 3x from the beginning of this year and are still holding that 3x to this day? This is clearly a bull run and that's what it should be after the halving.

One flaw that many people have is that they have very short memories, they may remember what the price did last week, but that is pretty much it, but when you take the time to look at the charts, it becomes way more obvious the positive trend that we have experimented since the end of the previous year.

And taking everything into consideration, chances are the market will resume its upward trajectory, and as an investor, it does not matter when this happens as I will still be holding my coins when that happens.

[EarnOnVictor]

Are you serious calling a new ATH a downward trend, that's really hilarious bro, anyone who is buying now for the short term is already at lose cause there isn't any guarantee that bitcoin would exceed 100k this bull run, so I recommend a long term approach and using the DCA method at this point so you would be at a better position to later decrease your total buying average.

You may be mistaken the OP because he will not deliberately  call ATH a downward trend. What I suspect he is referring to is the currenct correction that has taken price to $54k before the minor push to $58k. Bitcoin moving from over $65k to $54k is actually a minor downward trend,there is no point denying that. I think the point in the post is that such market conditions is time to buy and not sell like many week hands are doing. Actually, experienced people buy during such periods and benefit from the reduced price.

Unless the OP has edited the post after users pointed him to some errors, what I just read was well constructed and his reason for that is good. Of course, the market will always have opportunities within an opportunity which the experienced traders/investors will always take advantage of. For instance, there are times I might buy Bitcoin at $65,000 for a long-term disposition, and after two days, it moved to $69,000, but on the 5th day back to $67,000 (correction). I might rebuy at that current level if I am sure that the bullish stance of the market remains.

It is just the way for traders/investors to maximise their profits but we must ensure two conditions in doing this:

1. We must ensure that we trust the asset we want to engage this way.

2. We must not mistake a reversal for a mere correction.

[laijsica]

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

You are right You should continue with DCA regardless of market price conditions as this strategy shows you different price combinations regardless of price and the opportunity to accumulate more bitcoin fractions during low price periods. As the Bitcoin market is constantly volatile, the DCA method is ideal as it allows your portfolio to accumulate more Bitcoin over time that can continue to multiply profit over time. Also taking care of Bitcoin holdings during bullish times can further increase this amount. A return to bearish periods means for you to buy more bitcoins so that you can have more holdings.

[wxa7115]

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

You are right You should continue with DCA regardless of market price conditions as this strategy shows you different price combinations regardless of price and the opportunity to accumulate more bitcoin fractions during low price periods. As the Bitcoin market is constantly volatile, the DCA method is ideal as it allows your portfolio to accumulate more Bitcoin over time that can continue to multiply profit over time. Also taking care of Bitcoin holdings during bullish times can further increase this amount. A return to bearish periods means for you to buy more bitcoins so that you can have more holdings.

This is the right frame of mind, very often people get mad when there is a bear market and they are happy when there is a bull market, however both market conditions offer you some options.

Obviously the bull market gives you profits and multiply the fiat that you invested, but the bear marker offers you the possibility to buy bitcoin for a price lower than its average for a whole year or even a longer period of time, which is great as this allows you to obtain even greater profits when the bull market finally appears.

[asriloni]

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

I'm still feeling bullish with the bitcoin. I see no signs of a bearish trend. We moved down to 54k, and that's probably the last downside for bitcoin. There are also more positive sentiments coming toward bitcoin came from US.



Also, a positive trend is happening with the Bitcoin ETF. Some institutional investors, like Blackrock, keep acquiring more bitcoin.

We may not see a big correction before bitcoin hits 70k. In the best case, bitcoin keeps rising to break new ATH.

[Farma]

This is the right frame of mind, very often people get mad when there is a bear market and they are happy when there is a bull market, however both market conditions offer you some options.

Obviously the bull market gives you profits and multiply the fiat that you invested, but the bear marker offers you the possibility to buy bitcoin for a price lower than its average for a whole year or even a longer period of time, which is great as this allows you to obtain even greater profits when the bull market finally appears.

When a person is still angry when they see the market conditions that are sluggish, they may not use the funds that they are ready to invest and they are able to hold on for a long period of time, but they hope to be able to make a quick profit on the investment they make and it is not according to their wishes so they feel disappointed.
When choosing to use this opportunity to collect Bitcoin, of course we must first have funds that we will be able to withstand in the long term and if we do have funds that we are ready to use to invest, of course this will give us greater profits because we have bought it when market conditions are declining.

[JeffBrad12]

The current market speculations seems to be going more bearish again after a series of sudden rise in few days, which make it more difficult to even pinpoint on whether we are going more on a sustained bull trend or the market is still planning of going bearish the more after this, we should just ensure to hold and invest more wisely with the adoption of a bitcoin purchasing pattern like that of DCA to avoid much loss on our investment.

having wider timeframe always works for long term holder, never look at 15m 5m chart is the way because these charts full of price swings.

current market is uncertain, fear and greed index is ever changing literally few weeks ago it was fear, now it's greed. so yes, DCA is the way.

but since the recent price action pretty much shows that market still in greed despite pullback after breaking resistance at $70k, i'm still confident with the market.



so buying the dip might still work this time around.