The dip is setting up nicely again, how are you taking advantage of it?

[Sticky Bomb]

Bitcoin price is dropping rapidly now, from around $74,020 from just 3 days ago and it is currently at $69,500 as I type. Bitcoin is volatile in nature and it's volatility brings about both buying and selling opportunities to investors and I believe it is about time again which investors have been waiting for to buy more quantities at cheaper prices to hold.

My concern is how how are taking advantage of this opportunity, which pattern are you deploying to ensure you don't miss out

• Are you waiting for the price to dip more to maybe $65 or $66k before you buy the dip?
• Are you buying in segments to ensure you don't totally miss out, even though it doesn't dip so much?

Personally, I am going with the second approach, I will divide the money I've saved for the dip into 3 or more parts, use 1/3 of it to buy now at $69.5k and set buy orders at $67k, $65k and if possible $64k so they trigger if bitcoin crosses those prices again. I believe it is a smarter way to take advantage of the dip instead of waiting totally for a definite target price that may end up not happening.

How are you going to take advantage of it yourself?

[kingstep]

My concern is how how are taking advantage of this opportunity, which pattern are you deploying to ensure you don't miss out

• Are you waiting for the price to dip more to maybe $65 or $66k before you buy the dip?
• Are you buying in segments to ensure you don't totally miss out, even though it doesn't dip so much?

How many investors really have a set out money for buying the DIP and what is the difference between buying when bitcoin is at $65 or $66k or even $75k if we assume that an average person on the local board can only buy like $200 worth of bitcoin at a go. if you can not buy a very large chunk of bitcoin when the value of bitcoin goes down, then the fact that bitcoin is experiencing a DIP might not mean so much to you.

because i did not anticipate bitcoin going down at this point and did not set out an amount for buying the DIP, i am more concerned on when we will see a recovery than seeing bitcoin going down bellow what we have now. if you have been buying all this while that bitcoin has remained around where we are at, you just have to keep buying and cease this opportunity to even buy cheaper because with time, all this price we are seeing now might just become history that are long gone for good.

[Sticky Bomb]

My concern is how how are taking advantage of this opportunity, which pattern are you deploying to ensure you don't miss out

• Are you waiting for the price to dip more to maybe $65 or $66k before you buy the dip?
• Are you buying in segments to ensure you don't totally miss out, even though it doesn't dip so much?

How many investors really have a set out money for buying the DIP and what is the difference between buying when bitcoin is at $65 or $66k or even $75k if we assume that an average person on the local board can only buy like $200 worth of bitcoin at a go. if you can not buy a very large chunk of bitcoin when the value of bitcoin goes down, then the fact that bitcoin is experiencing a DIP might not mean so much to you.

Sure, but you never can tell, some people have different financial capacities and can buy up to $1k, $2k or more depending on their financial capacity. I don't believe everyone here is that poor. There are still people here who currently have stagnant cash from their other hustle points and may wish to put it into bitcoin to preserve its value, it isn't out of place too.

because i did not anticipate bitcoin going down at this point and did not set out an amount for buying the DIP, i am more concerned on when we will see a recovery than seeing bitcoin going down bellow what we have now. if you have been buying all this while that bitcoin has remained around where we are at, you just have to keep buying and cease this opportunity to even buy cheaper because with time, all this price we are seeing now might just become history that are long gone for good.

We are still in a bear season and there are more anticipations of the price going down to it flying up more and more. If you didn't keep a dedicated fund reserved for the dip, you can go ahead with your DCA, it doesn't change anything, even with your consistent buys, you're buying the dip.

The price is still dipping more, currently at $68990..... Still setting up nicely

[Hyphen(-)]

Personally, I am going with the second approach, I will divide the money I've saved for the dip into 3 or more parts, use 1/3 of it to buy now at $69.5k and set buy orders at $67k, $65k and if possible $64k so they trigger if bitcoin crosses those prices again. I believe it is a smarter way to take advantage of the dip instead of waiting totally for a definite target price that may end up not happening.

How are you going to take advantage of it yourself?

The dip
Actually comes with opportunities for buyers, and it has liquidated some traders and that’s how market works.

As you are thinking of buying the dip, some people are regretting longing BTC when the price start dropping since it was around $73k, but that’s the nature of the crypto market it is volatile and that’s why it is risky.

These two approaches you mentioned above are good approaches to buy at the dip, but I think the second one is better because waiting for more dip can end up not having the opportunity to buy at that low price if the market goes up immediately; therefore, you can just use this opportunity to buy now and maybe set further orders to buy more.

[PremiumcryptoHub]

Personally, I would also choose the second method because at the moment Michael Saylor's company has sold Bitcoin for only $2.5 million, which has created FUD among many investors in the crypto space, and we can see that Bitcoin is trending down very quickly. So it is easy for everyone to buy step by step because this opportunity will not be missed. Also, I will divide my savings into two parts, one part is a regular purchase and the other part is a $67,000 buy orders, so when the price of Bitcoin crosses this level, the orders will be activated but it seems that this decline may be temporary, we believe that the market will recover from here and investors here will be able to enrich their portfolios by buying Bitcoin at this dip.

[Frankolala]

I don't have any special way or preparation on the current dip than to continue with my weekly DCA in order not to miss out the dip. It's those that have extra cash available that can buy more bitcoin. I believe that we will see more dips below $60k, the most important thing is keep your bitcoin accumulation ongoing

[Bitgoat65]

Yes, I favor the DCA approach: Set up an automatic buy on an interval (monthly, weekly, etc.). Then just set an amount that fits the budget ($5, $50, $200, etc.). Set it and forget it, and Hodl.

[Cryptomultiplier]

I don't have any special way or preparation on the current dip than to continue with my weekly DCA in order not to miss out the dip. It's those that have extra cash available that can buy more bitcoin. I believe that we will see more dips below $60k, the most important thing is keep your bitcoin accumulation ongoing

I prefer a disciplined approach of DCA strategy to a rush and buy now method that only waits for a dip to happen before buying and accumulating more Bitcoin.
According to OP who is dividing capital and setting a staggered limit order, this helps remove the emotional trap of trying to perfectly time the market or time the bottom and as we know that the price may not remain steady at the current point for long, it is imperative to take advantage of this moment and increase DCA fractions while it dips until it rises again.

[PostQuantumBTC]

Are you waiting for the price to dip more to maybe $65 or $66k before you buy the dip?
Are you buying in segments to ensure you don't totally miss out, even though it doesn't dip so much?

No, I prefer to DCA and also buy more as the price is going down. I will buy more at $70000 and buy more at $65000 and so on but this has not affected my DCA.

I can not miss out in the next bull run because anyone that is buying now can not loss. Even if you buy with high amount of money right now, bitcoin will still get to ATH.

So regardless of the method you use to buy bitcoin right now, you can not be a loser.

[Frankolala]

I don't have any special way or preparation on the current dip than to continue with my weekly DCA in order not to miss out the dip. It's those that have extra cash available that can buy more bitcoin. I believe that we will see more dips below $60k, the most important thing is keep your bitcoin accumulation ongoing

I prefer a disciplined approach of DCA strategy to a rush and buy now method that only waits for a dip to happen before buying and accumulating more Bitcoin.
According to OP who is dividing capital and setting a staggered limit order, this helps remove the emotional trap of trying to perfectly time the market or time the bottom and as we know that the price may not remain steady at the current point for long, it is imperative to take advantage of this moment and increase DCA fractions while it dips until it rises again.

You don't need to increase you DCA amount when there's a dip so that, you don't over buy aggressively, and start regretting when your needs arises because you will definitely, sell those bitcoin you bought in order to take care of your needs. This is why I always advice newbies not to get carried away by the dip and buy bitcoin with the money that shouldn't be used to invest in Bitcoin because this isn't the last dip.

[Stable090]

• Are you waiting for the price to dip more to maybe $65 or $66k before you buy the dip?

I no really Dey wait till bitcoin price get to a certain price before I Dey invest in bitcoin. Any money wey I get wey I know say I no go use for now, I Dey use am buy bitcoin keep. Current dip wey Dey market na good buy for anybody wey get money wey wan buy bitcoin. Current bitcoin price na $67k, anybody wey get intention to buy bitcoin suppose buy am now, I no sure say e make sense say u Dey wait till e drop to $65k first before u go buy, bitcoin price fit no drop reach d price, and u go miss out.

• Are you buying in segments to ensure you don't totally miss out, even though it doesn't dip so much?

If I Dey invest in bitcoin, na DCA strategy I Dey always use if I wan invest in bitcoin, I no Dey wait till bitcoin price drop first before I go invest, na gradually I Dey always invest. Any money wey I get that time, I go just use am buy am keep, I no Dey even check if d price Dey up or e don drop.

[sokani]

I no really Dey wait till bitcoin price get to a certain price before I Dey invest in bitcoin. Any money wey I get wey I know say I no go use for now, I Dey use am buy bitcoin keep. Current dip wey Dey market na good buy for anybody wey get money wey wan buy bitcoin. Current bitcoin price na $67k, anybody wey get intention to buy bitcoin suppose buy am now, I no sure say e make sense say u Dey wait till e drop to $65k first before u go buy, bitcoin price fit no drop reach d price, and u go miss out.

Op said he's going to split his funds into three parts, buy Bitcoin with one part now and wait for more dips before making another purchases and that got me laughing because he sounded very sure that the price will go down further. The truth is, no one knows what direction the market is going to swing to, but $67k seems to me like a good buying opportunity and we may never see such a price again.