Is it wise to still buy?

[kawetsriyanto]

All of those questions will be answered eventually when the market has fully recovered.
But before that happens, make sure that you own some and you did it during the bear market.

Exactly. When the market recovers, the question will be answered. But some people may miss the chance to buy at cheap price because they are still doubtful to buy Bitcoin.
You're right, we must ensure to not miss the opportunity. Since Bitcoin has dropped more than 50% from its ATH, it is actually the right time to buy Bitcoin gradually. People who apply the DCA strategy, they probably have bought some Bitcoins.

You'll feel sorry for yourself if you're not going to do it right now because others are quietly accumulating.

This will happen to the people who always doubt to buy Bitcoin. Or the people who only want to buy Bitcoin at the bottom price.
We will never regret it if we choose the right strategy in accumulating Bitcoin. Just apply DCA strategy, it isn't too late to start buying Bitcoin gradually!

[cyberninja2]

...

Exactly. When the market recovers, the question will be answered. But some people may miss the chance to buy at cheap price because they are still doubtful to buy Bitcoin.
You're right, we must ensure to not miss the opportunity. Since Bitcoin has dropped more than 50% from its ATH, it is actually the right time to buy Bitcoin gradually. People who apply the DCA strategy, they probably have bought some Bitcoins.

Actually, while the price remains at its current level there's no need to hesitate to buy Bitcoin to increase their assets. Going forward I don't think anyone knows whether the market price will rise or not. If it does those who take advantage of the market price to buy Bitcoin will be among those who have successfully capitalized on the current opportunity.

They don't need to have doubts if they are indeed one of the parties who are always regular in buying Bitcoin because they don't only buy when the price is falling but they remain stable in buying Bitcoin at any market price and they are included in the party who is always consistent in increasing the number of Bitcoins that will become their future assets by buying Bitcoin every time they have discretionary income.

[Bigjoe33]

All of those questions will be answered eventually when the market has fully recovered.
But before that happens, make sure that you own some and you did it during the bear market.
You'll feel sorry for yourself if you're not going to do it right now because others are quietly accumulating.
And when you're done doing it, you'll have to answer those questions on your own based on your experience.

It's always a sad feeling when we fail to accumulate Bitcoin for Abu reason and then, we see the price rise to an ATH price. We have seen Bitcoin drop so much in price and later surges high again. Of course, it's fluctuation is it's characteristics and investors should know that. The best is to keep up with accumulating Bitcoin, even though it's with little amounts. The DCA helps us to gradually accumulate Bitcoin as we can afford. We must ensure we keep accumulating

[terrific]

All of those questions will be answered eventually when the market has fully recovered.
But before that happens, make sure that you own some and you did it during the bear market.

Exactly. When the market recovers, the question will be answered. But some people may miss the chance to buy at cheap price because they are still doubtful to buy Bitcoin.
You're right, we must ensure to not miss the opportunity. Since Bitcoin has dropped more than 50% from its ATH, it is actually the right time to buy Bitcoin gradually. People who apply the DCA strategy, they probably have bought some Bitcoins.

Yes, that's their fault if they miss the chance of not buying now because they want to see a lower price of bitcoin.
Might just DCA to wait and see if the market gets better whether it falls more or starts to recover.

You'll feel sorry for yourself if you're not going to do it right now because others are quietly accumulating.

This will happen to the people who always doubt to buy Bitcoin. Or the people who only want to buy Bitcoin at the bottom price.
We will never regret it if we choose the right strategy in accumulating Bitcoin. Just apply DCA strategy, it isn't too late to start buying Bitcoin gradually!

Those who managed to take profits last year's bull run have learnt from the past.
And those who haven't done the same will learn and do the right thing now and will start taking profits on the next bull run.

It's always a sad feeling when we fail to accumulate Bitcoin for Abu reason and then, we see the price rise to an ATH price. We have seen Bitcoin drop so much in price and later surges high again. Of course, it's fluctuation is it's characteristics and investors should know that. The best is to keep up with accumulating Bitcoin, even though it's with little amounts. The DCA helps us to gradually accumulate Bitcoin as we can afford. We must ensure we keep accumulating

People who have seen the ATH will want to but the peak price.
But when the price starts to decrease a lot, they don't want to touch it anymore. That's FOMO.
And all of them will learn the hardest possible way through their experience.

[Emitdama]

So, we definitely think that the Bitcoin price will touch between $70K and $75K, but this is in the last quarter of July.

That's also a short time to reach $70k. Of course, it's possible, we saw Bitcoin climb back up to $65k, but it also corrected quickly. There's a good chance the price moves up, but I'm not sure it'll hit that target by the end of this month. A price drop can still happen when it gets close to $70k in a short time. I think the upward trend might be more visible in the last quarter of this year.

Each week contains 7 days. I mean 7 days still looks kinda long if compared with just 1 day or an hours. Most especially if we are already hanging out at like 68 or 69 k dollars. In reality, it was usually the beginning of the 'ber' months, is where  strong prices are building up.

So you may be right there mate, that we may likely experience a correction. But I suddenly remember that we are still on the bear season according to the 4-year cycle, as last 4-year cycle was for a bull run. So even a 'ber' or last quarter has arrived, it may have an exemption on some instances. We can only look at the bright side, as that can mean an extended buy time, especially for those who only got in recently.

[kawetsriyanto]

Actually, while the price remains at its current level there's no need to hesitate to buy Bitcoin to increase their assets. Going forward I don't think anyone knows whether the market price will rise or not.

Well. So far, $60k is quite cheap price. If someone buys around $60k, it can be considered as proper price for accumulation. Sure, the market is unpredictable, Bitcoin price can drop or keep raising in the future. No one knows about it!

They don't need to have doubts if they are indeed one of the parties who are always regular in buying Bitcoin because they don't only buy when the price is falling but they remain stable in buying Bitcoin at any market price and they are included in the party who is always consistent in increasing the number of Bitcoins that will become their future assets by buying Bitcoin every time they have discretionary income.

I know there are people who keep buying at any price. However, I am sure most people prefer buying when there is a significant dump or big correction. It is normal because most people probably want to buy at the cheapest prices. Even the people who apply the DCA strategy, they probably wait for a cheaper price for buying Bitcoin.

Those who managed to take profits last year's bull run have learnt from the past.
And those who haven't done the same will learn and do the right thing now and will start taking profits on the next bull run.

People who succeeded earning good profits in the previous bullrun season, they probably will invest with bigger funds. Meanwhile people who still failed earning profits, surely they will have a chance to earn profits in the next bullrun season.

[cyberninja2]

...

Well. So far, $60k is quite cheap price. If someone buys around $60k, it can be considered as proper price for accumulation. Sure, the market is unpredictable, Bitcoin price can drop or keep raising in the future. No one knows about it!

It's true, as you said, because market prices are unpredictable. The price could be this much this month and this much next month. As long as we have the means and enough to buy, I think it's better to continue accumulating because what we do will become our future assets. Even though we only have a small amount of BTC, we never know what will happen to the market price in the future. Clearly, every decline will lead to a rebound. So, I think with the current market price, it's better to accumulate BTC rather than delay and worry about things that aren't beneficial to us personally, especially considering price fluctuations. Of course, no one can accurately predict market price movements.

...

I know there are people who keep buying at any price. However, I am sure most people prefer buying when there is a significant dump or big correction. It is normal because most people probably want to buy at the cheapest prices. Even the people who apply the DCA strategy, they probably wait for a cheaper price for buying Bitcoin.

This is certainly true because the difference is that when the price is rising or high, they only get a small amount. For example, if they invest $60,000, they only get a small amount. However, when the market price reaches $55,000, they will certainly get less. This is the difference that makes many people more confident in choosing to buy when the price is falling. What we need to remember is that price drops like the current one are a momentum or a bonus for those of us who take advantage of them. We also need to do this when the price stabilizes. Many things happen when the price starts to rise, and they often delay, and delaying is part of our decline in consistent investment, which is delaying Bitcoin accumulation.

[Comeacross]

Is this question even necessary? I think No.

People have asked this question severally in the previous years when they assumed the Bitcoin price is too high already. If anyone doesn't find this time the right time to buy, it's probably they don't have interest to buy at all. We have gone high above $100k before and we pull back now to $60k and you still asking whether it's still wise to buy now?

If it's not wise to buy now, when would it be wise to buy again? When we break new ATH? We've fall below $60k and people expect it to fall further to around probably $50k before they buy. If we fall to $50k, they will still want it to fall further before they buy. The more you are waiting for lower price, the more opportunities you are missing.

[ndutndut]

Is this question even necessary? I think No.

People have asked this question severally in the previous years when they assumed the Bitcoin price is too high already. If anyone doesn't find this time the right time to buy, it's probably they don't have interest to buy at all. We have gone high above $100k before and we pull back now to $60k and you still asking whether it's still wise to buy now?

If it's not wise to buy now, when would it be wise to buy again? When we break new ATH? We've fall below $60k and people expect it to fall further to around probably $50k before they buy. If we fall to $50k, they will still want it to fall further before they buy. The more you are waiting for lower price, the more opportunities you are missing.

The key to all the ideas you've presented is a strong mindset and a deeper understanding of Bitcoin, especially its price movements and cycles over time. Once we understand this we won't have questions like the one OP raised in this forum. Those who frequently ask whether it's wise to buy Bitcoin now or whether this is the right time essentially lack confidence in the asset they're investing in.

When we have a solid foundational understanding of Bitcoin, they naturally don't care about the price of Bitcoin, but rather how it can generate substantial income and accumulate Bitcoin continuously over the long term. So, the key to ensuring we don't hesitate in our investments is to study Bitcoin's history and its price movements. This is also what I've learned from this forum building a strong mindset about Bitcoin, so that even if Bitcoin experiences a decline, it's not a problem but rather a significant opportunity that we should capitalize on.

[Hardyrobust]

All of those questions will be answered eventually when the market has fully recovered.
But before that happens, make sure that you own some and you did it during the bear market.
You'll feel sorry for yourself if you're not going to do it right now because others are quietly accumulating.
And when you're done doing it, you'll have to answer those questions on your own based on your experience.

It's always a sad feeling when we fail to accumulate Bitcoin for Abu reason and then, we see the price rise to an ATH price. We have seen Bitcoin drop so much in price and later surges high again. Of course, it's fluctuation is it's characteristics and investors should know that. The best is to keep up with accumulating Bitcoin, even though it's with little amounts. The DCA helps us to gradually accumulate Bitcoin as we can afford. We must ensure we keep accumulating

consistentency is very important for having a good bitcoin holdings. The main reason why most people fail to buy bitcoin during a dip is because they are waiting for a desire dip and since it hasn't occurred they will continue waiting until the market end up recovering while leaving them a no or low coiner. So for those that are still trying to build up a good portfolio in bitcoin there focus should be consistent accumulation of bitcoin in other for them to be able to achieve this goal.

[Hazink]

If you are talking about Bitcoin, then you must have a long-term investment plan. If you rely on coins other than Bitcoin in crypto, then it is natural that you may face losses. The way Bitcoin is gaining acceptance in the world today, you should only rely on Bitcoin and invest here. Most people are dependent on Bitcoin and they invest and achieve something good in the future that comes through their long-term investment. You must hold on to what you invest according to your expectations. If you can deposit money for a long time, you will get good profits from it. Therefore, employ Bitcoin invest to keep your money safe because you will never be disappointed if you invest here.

People that ask if it's the right time to buy or not is a sign that they can't hold for long. They are focused on looking for a good entry point that will help them make a quick profit which is rare in the market, unless they start chasing altcoins which like you said they might run into big loses bigger than what they are trying to make, long term holding bitcoin have been a confirmed and reliable way for someone who is looking for where to keep there money and be getting small profit in return.

[shinratensei_]

Is this question even necessary? I think No.

People have asked this question severally in the previous years when they assumed the Bitcoin price is too high already. If anyone doesn't find this time the right time to buy, it's probably they don't have interest to buy at all. We have gone high above $100k before and we pull back now to $60k and you still asking whether it's still wise to buy now?

If it's not wise to buy now, when would it be wise to buy again? When we break new ATH? We've fall below $60k and people expect it to fall further to around probably $50k before they buy. If we fall to $50k, they will still want it to fall further before they buy. The more you are waiting for lower price, the more opportunities you are missing.

4 years ago people asked the same question when bitcoin was around $20k, "is it the right time to buy?" yet very few act upon it, the unfortunate thing is the big whales like hedge funds are the primary buyers and accumulating by billions while retailer weren't. A year later bullrun started and everybody is seething because they don't act upon the opportunity presented to them.

In my opinion, it is the right time to buy because the price of bitcoin is below the mining cost and the paperhands have already escaped. There is no black swan that causes massive dump therefore the bottom won't be steep. So the answer for the question is, yes it is still wise to buy.

[Smack That Ace]

In my opinion, it is the right time to buy because the price of bitcoin is below the mining cost and the paperhands have already escaped. There is no black swan that causes massive dump therefore the bottom won't be steep. So the answer for the question is, yes it is still wise to buy.

This is already a good time to buy because the price has dropped significantly from its peak. Even if a black swan event pushes the market lower, its unlikely to fall much further.

Bitcoin may not have reached the bottom yet, but it could be very close. It may not be the perfect time to buy, but its a reasonable time to start accumulating. 

[Uhwuchukwu53]

I won't discouraged whoever investor that have the capacity to buy basically Bitcoin just because the price dip and won't rise again,such advice is disheartening and not really an investor oriented advice,as well lack understanding and knowledge on how Bitcoin works mostly in dip period where people panic who have no better standing,is a period where the heavy utilized opportunity to gather more, what I will not insist in time if dip is an investor borrowing to accumulate, or putting all he has on the investment because that will leads to several panic but if he can invest what he can afford and wait patiently Bitcoin must d finitely rise, the behavior of Bitcoin many that have stayed longer in the market understand better than New investor or newbie as they panic most when dip occurs.

[Marvelockg]

what I will not insist in time if dip is an investor borrowing to accumulate, or putting all he has on the investment because that will leads to several panic but if he can invest what he can afford and wait patiently Bitcoin must d finitely rise, the behavior of Bitcoin many that have stayed longer in the market understand better than New investor or newbie as they panic most when dip occurs.

It is necessary not to over hype certain period as the perfect time to get into bitcoin or else newbies will get the wrong message and go in too aggressively above how they ought to get involved in their bitcoin investment. during the DIP like this for instance is a very good buying opportunity for investors both new and old but does that mean that an investor should be overly exposed to risk such that he invest above his financial status? certainly not. both in times of bull and bear, every investor should invest wisely and use only an amount that suits that period in investing in bitcoin.

The waiting period might be long as some point considering that bitcoin has stopped being as volatile as it used to be in the past. that being the case, if an investor is wise enough in making his buys, only money that can stay long without the thought of spending it so soon will be put into his bitcoin investment. that you can afford to buy bitcoin that is worth $2k at a go does not mean you should just buy it. you have to answer the question regarding your ability to remain invested for a set period of time without selling regardless of the market situation if you can not leave your invested funds in bitcoin for a set out period of time, it is wise to invest only the amount you can afford to leave for such period of time.

[Anayochukwu]

Let's me assume you are talking about Bitcoin here, yes I still place so much value on Bitcoin despite it's never ending rollercoaster ride. The dip will always return as the usually does over the years so you don't need to overthink that part . Being a Bitcoin investor you need to be calculative and always go for the long term investment strategy to avoid unnecessary losses and also deciding if you want to buy or not is totally your decision to make because at the end of the day you alone alone know the type of investment strategy you can keep up with and yes I still think it's always a good idea to buy the dip regardless.

[Olatundespo]

One need to ask this question because from my last post I complain lost much on btc and to be guided on this crypto journey.
Considering the fact that many people have lost this period do you still consider it wise to buy the dip?

Questions;
1. What if the deep never return?
2. What really determines it return?
3. Do you still place more value on crypto despite its short falling?
4. What is the advantage of the deep outside buying?

Answers respected.

Many new investors look forward to the time of price decline. If you analysis the price history of Bitcoin, you can easily understand what the real price decline is. The time of price decline is certainly ideal for buying Bitcoin. But instead of waiting for this situation, start accumulation Bitcoin with available funds. Because if you wait for the price decline you may not find that time. Buy Bitcoin during the price decline and do not use the entire amount of funds you have.

Analysis the price history of Bitcoin You can decide for yourself which time is actually best for you. The price has decreased repeatedly in the past but the price recovered quickly so buy Bitcoin continuously with discretionary income.

[Ojima-ojo]

One need to ask this question because from my last post I complain lost much on btc and to be guided on this crypto journey.
Considering the fact that many people have lost this period do you still consider it wise to buy the dip?

Questions;
1. What if the deep never return?
2. What really determines it return?
3. Do you still place more value on crypto despite its short falling?
4. What is the advantage of the deep outside buying?

Answers respected.

Many new investors look forward to the time of price decline. If you analysis the price history of Bitcoin, you can easily understand what the real price decline is. The time of price decline is certainly ideal for buying Bitcoin. But instead of waiting for this situation, start accumulation Bitcoin with available funds. Because if you wait for the price decline you may not find that time. Buy Bitcoin during the price decline and do not use the entire amount of funds you have.

Analysis the price history of Bitcoin You can decide for yourself which time is actually best for you. The price has decreased repeatedly in the past but the price recovered quickly so buy Bitcoin continuously with discretionary income.

Is a General believe that when you buy cryptocurrency like Bitcoin when the price declined, you are making a good decision because buying low is a way of putting yourself in a position to give you profit quicker than expected.


Most problems comes from when the investor fails to take appreciate action during the time of such an opportunity, most especially when they have limited resources and high expectations of profits this push them to wait more than necessary and there after miss out on the opportunity.

[Olatundespo]

Is a General believe that when you buy cryptocurrency like Bitcoin when the price declined, you are making a good decision because buying low is a way of putting yourself in a position to give you profit quicker than expected.


Most problems comes from when the investor fails to take appreciate action during the time of such an opportunity, most especially when they have limited resources and high expectations of profits this push them to wait more than necessary and there after miss out on the opportunity.

Generally the best time to buy Bitcoin is during a price drop. I agree, but this kind of mentality is not a good decision for you when you are waiting and praying for a bearish period to come and buy. Bitcoin price fluctuates with its demand. Your main goal during these fluctuations should be to buy regularly.

If the only purpose is to find a time when the price drops and sell when the price rises, then it should be assumed that you are trying to get involved in gambling. Gambling is waiting for an opportunity and the results of this waiting are very risky.

High expectations or trading for profit are dangerous for those who expect a price drop to buy and decide to sell soon. Looking for opportunities will be positive if you are consistent with a long term strategy to ensure a sustainable position.

[Mr_Brilliant$]

If you mentioned crypto and not Bitcoin, then when it comes to crypto, I don’t really have much to say about that because the crypto market is different.. Plenty projects never recover after a major crash..

But if you’re referring to Bitcoin, then all of these questions come up every cycle.
What if the dip never returns? Nobody can answer that with 100% certainty.. But history has shown that it does return.. But every cycle people keeps asking the same question..

I’ll just say this, when it comes to Bitcoin, your belief really matters. Nothing is guaranteed in this market, but Bitcoin history has made many of us believe it is far more reliable than other altcoins. That is why I personally have more confidence in Bitcoin than the rest of the crypto market..