Is this price range a opportunity or a trap?

[Wildwest]

Before we can invest and go into the market, we have to do some personal research about what is happening and what to expect next from the market, we can't just invest like that without doing the necessary things that should have been done before that.

There's nothing like a market trap in some cases, because that is why the indicators are there to see the market performance, and that we should choose from a coin that has consistent market performance, know the kind of investor we are, and also apply the most suitable strategy that minimizes risk level after investment has been made.

We are all freely entitled to buy bitcoin at what price we by personal analysis done decides to buy and whatever expectations we place on the market it should be objective since a lot can change from what we expects based on the market demands and supply.

Where some persons sees a trap it can viewed as opportunity for some others. The market indicators are there to assist us to make informed decision for the trader who has vast knowledge on how to maximise their functions but in the current market trend I wouldn't be depending much on the technical indicators since much of the price movements lately has being dictated by global economic events. By large, the target to minimide risk should be a long term perspective for any bitcoin investor to see a buying opportunity in every price level than viewing it as a trap.

If we have often invested, then the rise and fall of prices can always be an opportunity for us to use to gain profits, but we must really do in-depth research so as not to be trapped by prices that can make us suffer losses in a short time, so in this case we need expertise when monitoring market movements, and to reduce the risk we prefer to invest long term because we will definitely feel the benefits, so the opportunities or traps all depend on each of us in investing.

[letteredhub]

~

If we have often invested, then the rise and fall of prices can always be an opportunity for us to use to gain profits, but we must really do in-depth research so as not to be trapped by prices that can make us suffer losses in a short time, so in this case we need expertise when monitoring market movements, and to reduce the risk we prefer to invest long term because we will definitely feel the benefits, so the opportunities or traps all depend on each of us in investing.

Currently with the uncertainty about if market is sliding into the bears or we're still with some little time left with into the bull season for at least one last ATH before a final price fall, that burden to do that in-depth research to avoid loss is mainly on the short term holder. What to do as strategy in period when the market is creating dip value zones, than being rigid with a strategy that makes you wait for a specific dip price  level before buying, you can set buys at various price dip levels down to your expected position where you have actually intended to buy. That just incase price didn't go low to that level before recovery, it wouldn't be that you totally missed opportunity to buy in the dip.

[Y3shot]

If the price of Bitcoin is going to dip, it’s never a trap for you; it is even an opportunity for you to accumulate Bitcoin. If you want to achieve a good profit in Bitcoin investment, then you have to take every dip seriously. Bitcoin dips are never a loss, but those who misunderstand them will always avoid them, thinking it is a trap for them to lose. When it comes to value, Bitcoin doesn’t fail. Those who understand Bitcoin very well don’t joke with buying the dip; they see it as an opportunity to get better profits in return.

[@nn@_pen9]

To give you my personal recommendation, I will say you can wait for further dip because as of now I do not see any signs of trend reversal. In fact, the bears are growing stronger day by day and they are just crushing the buy orders being places which clearly indicates for me that the market might continue to drop for sometime. But I do not really want you to blindly trust this. You can start accumulating bitcoins in smaller portions by setting a strict DCA strategy just to make sure you do not miss this opportunity.

For situations like this, DCA is a life saver. No one can accurately predict the future of bitcoins so it is always better to have a backup plan and start accumulating smaller portions because the current price is really much discounted and we surely do not want to miss these discounts.

Yes, DCA is the most common way that many people use to invest rather than waiting and waiting for the price drop to happen. Accumulating bitcoins in smaller portions is actually good, but you get fewer bitcoins at that price. What if the price increases and of course you get much fewer bitcoins and of course the price is more expensive than before. I think you should never hesitate to buy it in its entirety and full condition when we have the funds when the decline occurs, and don't buy in small quantities. This means that on average, this can result in lower purchase prices over time.

[r_victory]

It depends on what constitutes a good opportunity for you. I think that, given that Bitcoin has broken through all the highs it has reached over time, it might be a good option to buy within this price range; perhaps the next target will be $150k. Or you could wait for a lower price, but risk missing the opportunity if that doesn't happen. Do you understand? It's difficult to say what's good to do or not in this case.

[taufik123]

-snip-
Those who understand Bitcoin very well don’t joke with buying the dip; they see it as an opportunity to get better profits in return.

Assuming that they know how the market moves and know when to buy and sell.
The Whales tried to control everything, using every move as an opportunity to take advantage.

The current price range that is still below $100k is a price that could be a good opportunity if the ATH is reached higher than it is now.
And the decline only reached the $84k++ price area, and then there was a fairly rapid increase.

Understanding Bitcoin is not just about the price, but how to control and perform financial management to buy bitcoin,
this becomes a strategy that will come in handy as the downturn continues.

[justdimin]

DCA is the most common way that many people use to invest rather than waiting and waiting for the price drop to happen. Accumulating bitcoins in smaller portions is actually good, but you get fewer bitcoins at that price. What if the price increases and of course you get much fewer bitcoins and of course the price is more expensive than before. I think you should never hesitate to buy it in its entirety and full condition when we have the funds when the decline occurs, and don't buy in small quantities. This means that on average, this can result in lower purchase prices over time.

DCA is the way to get richer on the long term, unfortunately not a lot of people believe in that and do it because they can't make money by waiting. Waiting is the hardest part of the deal and that is the reason why we are talking about a lot of people not making money in the crypto world. It's very difficult that we are making something that is very easy become very difficult. Think about it, all you have to do is buy a small amount of bitcoin and that's it, nothing more, just do that once per month, buy a small amount of bitcoin once per month and do this for the next 10-20 years, nothing more.

As a task, it's easy, buying bitcoin takes 10-15 minutes only, so when you think about it, in 20 years time, we are talking about only 60 hours of work at 15 minutes per month, that's less than what I work in a week, and in return you become wealthy. But people fail to wait that long.

[X-ray]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

Edit: added a poll as per @Fivestar4everMVP.

Others are just making prediction, same as you. I think we're on accumulation right now and price can break out good.

People's narrative about the further correction is that it will liquidate MSTR forcing them to sell bitcoin which causes price to go even lower, I don't think that will happen.

I think bitcoin will do a solid accumulation until new year.

[Marvell1]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

Edit: added a poll as per @Fivestar4everMVP.

Others are just making prediction, same as you. I think we're on accumulation right now and price can break out good.

People's narrative about the further correction is that it will liquidate MSTR forcing them to sell bitcoin which causes price to go even lower, I don't think that will happen.

I think bitcoin will do a solid accumulation until new year.

Same as you. I also want to say that your prediction is just based on your expectation, and it may or may not be correct. There is nothing certain that the market is just correcting and consolidating, rather than the start of a bear market.

As for the rumors that MSTR might be liquidated in a bear market, they are completely well-founded and possible, not just baseless speculation. MicroStrategy CEO Phong Le also admitted that the company could sell bitcoin if the market gets too bad and hurts the company. Later, Michael Saylor also spoke up to admit that this was possible.


It's all just a prediction, we shouldn't be too subjective and should have a backup plan.



https://finance.yahoo.com/news/microstrategy-admits-bitcoin-sale-possible-180141373.html

[mustapha67]

In business, price is one part that does not remain static. And price is an official necessary mean to determine the present, and future stability of an investment. Therefore, it shouldn't be trap; instead, it should be an opportunity to determine the market base, and fortune.

Price is unavoidably important in business, no matter whether it drops, or rise. Experienced investors should be aware of these inevitable factors. Again, young, or inexperienced investors should allow both conditions to prevail, but they should not allow both commercial seasons bring complications, instead it should be a moment to determine their growth.

[AakZaki]

Even though I am aware that the current Bitcoin price has a bearish trend, I still believe that a reversal will arrive soon, considering that the price has already touched MA100 and the possibility of another correction later in the $102K-$106K price range as a dynamic resistance, because usually that is where resistance strength is tested, if it can be crossed I am sure I will test the resistance at yesterday's ATH.

[dunfida]

DCA is the most common way that many people use to invest rather than waiting and waiting for the price drop to happen. Accumulating bitcoins in smaller portions is actually good, but you get fewer bitcoins at that price. What if the price increases and of course you get much fewer bitcoins and of course the price is more expensive than before. I think you should never hesitate to buy it in its entirety and full condition when we have the funds when the decline occurs, and don't buy in small quantities. This means that on average, this can result in lower purchase prices over time.

DCA is the way to get richer on the long term, unfortunately not a lot of people believe in that and do it because they can't make money by waiting. Waiting is the hardest part of the deal and that is the reason why we are talking about a lot of people not making money in the crypto world. It's very difficult that we are making something that is very easy become very difficult. Think about it, all you have to do is buy a small amount of bitcoin and that's it, nothing more, just do that once per month, buy a small amount of bitcoin once per month and do this for the next 10-20 years, nothing more.

As a task, it's easy, buying bitcoin takes 10-15 minutes only, so when you think about it, in 20 years time, we are talking about only 60 hours of work at 15 minutes per month, that's less than what I work in a week, and in return you become wealthy. But people fail to wait that long.

DCA works for people who want to build their Bitcoin stack slowly because it removes the stress of timing the market and lets the price average settle over time. the downside is that if the price suddenly rises you end up getting less Bitcoin for each buy and the amount you accumulate becomes smaller yet the method still protects people from bad timing and emotional buying. Some traders prefer to wait for a big dip and then buy in full because they believe a single strong entry gives the lowest average cost and that part can work if the dip arrives when they have the funds. the risk comes when the price never returns to the level they wanted and waiting turns into missing the chance completely.

DCA builds wealth over years because it uses patience as the main tool and most people struggle with that part since waiting feels too slow. the task itself is simple buy a small amount once a month and keep doing it for 10 to 20 years and the outcome usually becomes huge because Bitcoin rewards long time horizons.

[Miles2006]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

Edit: added a poll as per @Fivestar4everMVP.

The price is still not predictable now and then, not minding the current state as seen the market is kind of increasing alittle but, to the point trusting another bull run is not certain. The better time to accumulate is now, although the market is not so dip but, friendly to accumulate much as possible, waiting for further correction again is wrong, I’m sure you might not get another opportunity. The market price will not go dip beyond this range from past event and observation although no prediction is certain reason why no one should believe online predictions.

[Cyber_warrior]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Nobody knows if bitcoin is going to dip more or pump, nobody knows maybe we will be experiencing bear market by next year or bull run. If anyone knows the next step which bitcoin is going to take, then no one will be losing when it comes to bitcoin investment. If you want to invest in bitcoin, it’s better you make use of DCA strategy, you don’t have to wait till bitcoin dumps first before you going to be investing. You might be expecting a dump from bitcoin which at the end bitcoin price is going to start pumping, no one can accurately predict the direction which bitcoin will be going. If you really want to invest in bitcoin, your investment target should be long term investment, and you should make use of DCA strategy when investing.

[Bitcoin.com97]

It’s not a trape but an opportunity to accumulate, so I feel the best time to accumulate is now , no time is too late or early,so I will advice you start small maybe weekly or monthly no matter how little it is before you know it , you will have a good Portillo in the next 5 to 6years , don’t look that the market now because I don’t think it will go lesser than as it is now , it’s just prediction but I think you should focus on accumulating.

[Onyeeze]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

Edit: added a poll as per @Fivestar4everMVP.

is particular price of Bitcoin will not be the price of Bitcoin for the ending of December and the way I am seeing the price of Bitcoin analysis from different platform that the price of Bitcoin will be decreased and the issue be expected to be up to 50k from January so I don't know they reality of Bitcoin price going up and down, sometimes I get confused because I don't know the one that I will believe on the price of Bitcoin can be increased today and the tomorrow the price decreases so in this point I will advise that we should you accumulate our Bitcoin because nobody knows tomorrow if the price will increase more or it away reduce because there is a lot of predictions of Bitcoin price next year

[STT]

95k price area for BTC is the place to beat now, rather then guess you could wait for that to be beaten or for some failure and further revision needed.   The question will remain overall but I think the first test is probably the most important after a large fall.

  I see a weaker dollar and I dont especially worry about Bitcoin under those circumstances.

[bestcandy]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

Edit: added a poll as per @Fivestar4everMVP.

We don't have to panic about the current dip because it present a good opportunity to accumulate more Bitcoin to our portfolio, all we just need to iss to make proper financial planning and set our accumulation goal in a way that we can buy now and still buy more if it happens to dip more in the future to enable us make good return in the future bull period which I strongly believe that it will in come in the near future.

[JiiBs]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

Think long way too much of it might lead you to not take an early stand or opportunity with where you’ve met the price of Bitcoin. No one could accurately speculate on what is the case with the market. It’s left for you to decide on how to go further and the best thing you could do is DCA.

Know this for sure, $80k-$90k is still way below the ATH and price would definitely get back up there at some point. Since you can’t tell just when that would be, why not go ahead and buy, then hold till such a time.

[Orpichukwu]

It depends on what constitutes a good opportunity for you. I think that, given that Bitcoin has broken through all the highs it has reached over time, it might be a good option to buy within this price range; perhaps the next target will be $150k. Or you could wait for a lower price, but risk missing the opportunity if that doesn't happen. Do you understand? It's difficult to say what's good to do or not in this case.

What I can only say is, the current price is temporary; we don't know when this every-few-hours switch from green to red will end, but I'm also very optimistic about the price creating a new high next year. Maybe after we might have reached the previously speculated $130k, only then can the market start making moves to see $150k.