Last Chance To Buy Bitcoin Under $70k

[Juicyhome]

Well, the problem is money. No buying power yet.

I am sure that I want to stay poor for the rest of my life, but I will starve to death if I use my last savings to buy it all with Bitcoin. Yeah, this can be the last time that it would go this cheap, and lucky are those who have the budget to invest now, because they might reap their rewards soon if suddenly this goes up as people find their way into buying Bitcoin rather than other commodities because of the wars and economic problems that are happening in the world.

If you're speaking for yourself then it's fine, some people have the money to buy At $70k but they're waiting for it to hit $120k before they will buy, it's a normal thing in Bitcoin, some people have the money to invest at this stage but they will not because they only like to invest when Bitcoin is trending just to feel among Bitcoin investors.

This can't be the last time of us seeing Bitcoin at $70k, it's just speculation it can still go as low as $20k this is Bitcoin, did you ever imagine Bitcoin dropping to $70k after hitting @126k last year, no one see it coming to this level, Bitcoin is hard to predict.

[Pandorak]

Well, the problem is money. No buying power yet.

I don't think you're alone, buddy. Many investors have also run out of money to buy, including myself, LOL.

I am sure that I want to stay poor for the rest of my life, but I will starve to death if I use my last savings to buy it all with Bitcoin. Yeah, this can be the last time that it would go this cheap, and lucky are those who have the budget to invest now, because they might reap their rewards soon if suddenly this goes up as people find their way into buying Bitcoin rather than other commodities because of the wars and economic problems that are happening in the world.

The purpose of investing is to grow the money/savings we have, rather than keeping it in the bank, where its value will continue to decline over time due to inflation. So when we don't have money, it's not a problem, but we might feel a little regret when prices rise and we can only watch others profit from their purchases. But that’s better than having to take out a loan to invest, as the risk is very high, since there’s no guarantee the price will rise anytime soon.

[SquallLeonhart]

60,000$ is providing good support to Bitcoin and price is not going below 60,000$ which is an indication that this might be the bottom of current bearish trend. If someone is willing to buy right now then this is an ideal opportunity and best approach is to invest through DCA. Don't go for Lump sum strategy.

I agree, putting all-in right now at near 70k would be a big mistake because we are not done going down yet and it keeps going down more and more some days, and we are not out of the bear market, even when we try to go up, we fail and that's the proof that we need. So buying right now all in would be wrong and doing DCA so you can buy more and more every time you end up getting better lows is the way to go.

The lower it gets, the more you buy and you keep doing that DCA as much as you can. The more you get, the lower the average of your purchases will become and that means you are going to end up being able to profit a lot quicker when the price starts to go back up, even before a big bull run, you could be in a profit.

[Asiska02]

When Bitcoin price was at 120,000$ last year there were rumours in the market that price will never down below 100,000$. Now price of Bitcoin is under 70,000$ and we are not sure whether price will go up from here or go down below 60,000$. In case of Bitcoin price nothing is final, price can go up to new ATH and within weeks it can go bearish. We have seen this in last year October, Bitcoin was at its ATH in first week and after that price has gone down to current level of 68,000$. Whenever Bitcoin price is down we must take this as an opportunity to buy more Bitcoins.   

People tremble because of the condition of Bitcoin, they fear losing more and more bitcoin if they invest when the price is going down. They want to wait and see price going stagnant before investing in bitcoin, but what they failed to understand is that they may never get to buy at that price again and the price of bitcoin will begin an uptrend trajectory when they are about to kick off their investment journey.

Again, a thought comes to them and feel that the price is going up, let them wait for the price to come down a bit again, then it never comes back there and it begins to rise again and again without them finding the right point of entry. The Bitcoin market is very volatile, when you have the chance to invest, do it without minding the price at that time. The price is expected to continue to be on the uptrend in the long term which cause for no alarm.

[Woodie]

Not to sound like an agent of doom but if all these external factors like the politics, wars and everything else affecting our crypto markets, I think we haven't seen the worst yet and we need to brace ourselves because a ~50K is surely on the cards because Trump at the moment wants to keep the world distracted from his Esptein files and will go wild to help the world talking about something else and Bitcoin &other assets will suffer..

[yhiaali3]

I agree with you that buying Bitcoin at $70,000 is a great, cheap opportunity but I disagree that it's the last "cheap" chance to enter.

Today we saw the price drop below $67k, which is considered cheaper to buy and we might see further drops, no one knows. But this doesn't mean it's not a good buying opportunity and these lows might be the cheapest in the long run. Therefore, it's best to follow a DCA strategy, buying on every dip and achieving a good average entry.

[khiholangkang]

Not to sound like an agent of doom but if all these external factors like the politics, wars and everything else affecting our crypto markets, I think we haven't seen the worst yet and we need to brace ourselves because a ~50K is surely on the cards because Trump at the moment wants to keep the world distracted from his Esptein files and will go wild to help the world talking about something else and Bitcoin &other assets will suffer..

It depends on how the escalation of war occurs, how big an impact it will have on the macro economy. If this war will involve many interconnected countries, it will have a lot of negative impacts on the global economy and it will definitely affect the price of Bitcoin as a whole, it may be paralyzed below $50k. but we don't know how big this war will be because we really don't know the final result.

i just hope it doesn't get bigger because bitcoin will be able to stay above $60k if nothing bad happens like that again.

[philipma1957]

we are over 70k times up!

or is it?

[Minor Miner]

Not to sound like an agent of doom but if all these external factors like the politics, wars and everything else affecting our crypto markets, I think we haven't seen the worst yet and we need to brace ourselves because a ~50K is surely on the cards because Trump at the moment wants to keep the world distracted from his Esptein files and will go wild to help the world talking about something else and Bitcoin &other assets will suffer..

I agreed. Although Bitcoin is performing quite well despite the ongoing war. But we should not be complacent because the impact and consequences of war on the economy are still unclear and have not fully unfolded. We still do not know how long the conflict will last and what its effects and consequences will be for the global economy. Meanwhile, bitcoin is a rather sensitive asset class and is influenced by geopolitical and macroeconomic factor. Therefore, it is too early to declare that the worst is over

I'm not sure if Bitcoin will drop to $50k, but as long as geopolitical tensions remain high and the economy remains unstable. We should not be complacent.

[jcojci]

We are heading to $70k (again). Hopefully this will not stop the price to increase more. But if your target is long term, you can buy Bitcoin in any price. $70k is a good price to buy but lower than $70k is preferable and we already saw that many times before.

No need to be rush to buy Bitcoin as you can set many low prices to buy so that can lowering your average buy price.

[EarnOnVictor]

Hmmm...so many attributions to Buy and Sell Bitcoin from every quarter, and if one is not careful, the head could blow off Well, you have some points, but I tell you, Bitcoin will ignore many things and only focus on the one thing that is important, and that is it's traditional 4-year cycle. It has proven to be useful again this season, which is why it should be our only focus now. All other factors could contribute, but they are secondary.

Bitcoin had fallen for a while, which makes it a good call to buy it, especially when it was around $65,000, nothing much could be missed if bought at a close level. But no one knows what it would certainly do, as it could still get towards $45,000, or maybe not. However, it's important to know that only true Buy may start happening in Q4.

[Don Pedro Dinero]

We are heading to $70k (again). Hopefully this will not stop the price to increase more.

Yes, we are $300 above that mark. And I think this looks indeed like it's going to keep going up.

But if your target is long term, you can buy Bitcoin in any price. $70k is a good price to buy but lower than $70k is preferable and we already saw that many times before.

If you're investing for the long term, a few hundred or even a few thousand more or less in the purchase price won't make much difference, especially when you consider that when you buy, you can't know whether the price will go up or down next. That's why it's better to do DCA and go with the flow.

[Umulala-alala]

When Bitcoin price was at 120,000$ last year there were rumours in the market that price will never down below 100,000$. Now price of Bitcoin is under 70,000$ and we are not sure whether price will go up from here or go down below 60,000$. In case of Bitcoin price nothing is final, price can go up to new ATH and within weeks it can go bearish. We have seen this in last year October, Bitcoin was at its ATH in first week and after that price has gone down to current level of 68,000$. Whenever Bitcoin price is down we must take this as an opportunity to buy more Bitcoins.   

When it's about bitcoin people always speculate about it price, bitcoin is volatile and since it's a volatile asset no one knows what the price will become next all we do is just speculation. BTC as a volatile asset will surely be increasing and also be decreasing we have seen it reach new ATH last year and also drop so despite the price it is now bitcoin will also reach a new ATH some day so the most important thing is regularly accumulation of bitcoin if the price is low we should take it as an opportunity to buy more because one day the price will definitely go up again.