Is it wise to still buy?

[okorieemmanuel]

Higher lows and higher highs, there is no definite best time to buy but now isnt a bad guess from what I can see.  Theres a regular pattern above the weekly average and fair reason to observe a rise after we have been drifting sideways.
  The gain might only be a modest one but that's the trouble you take being involved, its not always easy or fast quick gains.   What does tend to happen is involvement builds, the initial clues to a gain are muted and the gains modest but because you know of the wider picture and possibilities you are happy to be involved none the less.
 
 I imagine positive targets overhead aren't too far off but its possible BTC builds a positive picture from here until the year end, its never flawless though they'll be selling again in future as many only want to buy for a day or two at most, its a cycle that repeats.

You are right. Note that everyone is waiting for the reaction on this level $66,000. If you have not bought Bitcoin by now, I guess it is a bit too late to do so now. Except if you are an aggressive investor with such strategy. This level is too important to be ignored.  

[suhadi88]

The main mistake is constantly switching between options, initially holding onto one, then switching to another. Entering and exiting at inappropriate prices for fear of further losses, even though if you ignore them, especially if you've already bought BTC, the price will return to normal after a correction.

The dead are Shitcoins are coins or tokens that taste good at first but give you a headache later/unknown junk coins. They usually give you a one-time offer and then pull the rug out until the user's balance is depleted. Ultimately, it all comes back to the most fundamental thing BTC.

[Free Market Capitalist]

It's wise to buy Bitcoin if you know what you're doing, if you understand the asset, and if you do so as part of an overall wealth-building plan—without getting carried away by whether the price goes up or down at any given moment.

The main mistake is constantly switching between options, initially holding onto one, then switching to another. Entering and exiting at inappropriate prices for fear of further losses, even though if you ignore them, especially if you've already bought BTC, the price will return to normal after a correction.

That's why the wisest strategy for the average person is DCA.

The dead are Shitcoins are coins or tokens that taste good at first but give you a headache later/unknown junk coins. They usually give you a one-time offer and then pull the rug out until the user's balance is depleted. Ultimately, it all comes back to the most fundamental thing BTC.

The problem with shitcoins is that there have been so many that were simply schemes to line the creators' pockets—even if they had a “project” behind them—that I doubt we'll ever see the so-called “alt seasons” of the past again.

[MarjorieZimmermanGinger]

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?

It's strange to hear about someone losing more money in Bitcoin unless they're involved in futures trading, but when it comes to buying Bitcoin as an investment, it's nearly impossible to lose more money. Buying Bitcoin when the price drops is a good decision because you'll get a much larger amount of Bitcoin than buying when the price is high. Most people wait for a dip to buy Bitcoin so they can get more, although many people have specific accumulation strategies.

Referring to Bitcoin's past history, you'll find the answer to this question: Bitcoin will always maintain upward momentum, even if it experiences a decline during certain periods. This is what's called a cycle and bitcoin is much more fundamental than other coins, so even if it experiences a sharp decline during certain periods, it will eventually recover.

[Solokan]

It's true that many people lose money when buying BTC because the price drops, which ultimately leads them to sell it at a loss However if someone buys BTC and the price drops below the purchase price but continues to hold it and hasn't sold it, there's the potential for no loss as long as they hold it long-term So in essence long-term investment in BTC has the potential to avoid losses

In my opinion buying btc when the price drops, such as in the current bear market, is wise as long as they hold it long-term

However, it's important to understand that investing in BTC still carries risks, so it's not surprising that people often say to use money you can afford to lose or discretionary income. Investing in btc does carry risks Sometimes, after buying at a low price, the price can drop again So, in essence, those who invest in Bitcoin must be prepared for losses However, if you look at the bitcoin cycle, it has never been detrimental to those who hold btc long-term

[Hardyrobust]

It's true that many people lose money when buying BTC because the price drops, which ultimately leads them to sell it at a loss However if someone buys BTC and the price drops below the purchase price but continues to hold it and hasn't sold it, there's the potential for no loss as long as they hold it long-term So in essence long-term investment in BTC has the potential to avoid losses

In my opinion buying btc when the price drops, such as in the current bear market, is wise as long as they hold it long-term

However, it's important to understand that investing in BTC still carries risks, so it's not surprising that people often say to use money you can afford to lose or discretionary income. Investing in btc does carry risks Sometimes, after buying at a low price, the price can drop again So, in essence, those who invest in Bitcoin must be prepared for losses However, if you look at the bitcoin cycle, it has never been detrimental to those who hold btc long-term

Those that lose money by buying bitcoin are those that are into bitcoin for quick profit or those that lacks the patient to hold bitcoin for a long term. It is mostly traders that can complain of losing bitcoin, expect in cases in which an investor was careless with there seed phrase or issue of scam.
There is risk in investing in bitcoin whether it is for short term or long term. But , long term investment is less risky when compared to short term. So investors should only invest in bitcoin for a long term because long term investment in bitcoin has proven to be more rewarding than short term investment despite the risk involved in investing in bitcoin.

[Princess Leah]

It's true that many people lose money when buying BTC because the price drops, which ultimately leads them to sell it at a loss However if someone buys BTC and the price drops below the purchase price but continues to hold it and hasn't sold it, there's the potential for no loss as long as they hold it long-term So in essence long-term investment in BTC has the potential to avoid losses

In my opinion buying btc when the price drops, such as in the current bear market, is wise as long as they hold it long-term

However, it's important to understand that investing in BTC still carries risks, so it's not surprising that people often say to use money you can afford to lose or discretionary income. Investing in btc does carry risks Sometimes, after buying at a low price, the price can drop again So, in essence, those who invest in Bitcoin must be prepared for losses However, if you look at the bitcoin cycle, it has never been detrimental to those who hold btc long-term

Those that lose money by buying bitcoin are those that are into bitcoin for quick profit or those that lacks the patient to hold bitcoin for a long term. It is mostly traders that can complain of losing bitcoin, expect in cases in which an investor was careless with there seed phrase or issue of scam.
There is risk in investing in bitcoin whether it is for short term or long term. But , long term investment is less risky when compared to short term. So investors should only invest in bitcoin for a long term because long term investment in bitcoin has proven to be more rewarding than short term investment despite the risk involved in investing in bitcoin.

I barely hear people who buy Bitcoin and hold longer complain losing out completely, the lose in Bitcoin investment is mostly temporary cause it surge, dips and recovers again but when you hold it longer for atleast a full cycle it has mostly been rewarding to people who do so since it's existence.

 Short term buying or trading is very risky, it's tough to speculate the price of Bitcoin cause of volatility which is why those who trade do panic when the market goes down but investors have little reason to worry cause they believe the market would likely surge after a dip.

[flowchain22]

Not going to guess where price goes next, track record on that is bad for basically everyone including me. What I do pay attention to is whether the coins I hold are actually being used for something beyond trading, network fees, active addresses, that kind of thing. A few of my positions have had steady on-chain activity even during the quiet price months, and that's ended up mattering more to my decisions than any chart pattern.

[cxtreenal]

It's true that many people lose money when buying BTC because the price drops, which ultimately leads them to sell it at a loss However if someone buys BTC and the price drops below the purchase price but continues to hold it and hasn't sold it, there's the potential for no loss as long as they hold it long-term So in essence long-term investment in BTC has the potential to avoid losses

In my opinion buying btc when the price drops, such as in the current bear market, is wise as long as they hold it long-term

However, it's important to understand that investing in BTC still carries risks, so it's not surprising that people often say to use money you can afford to lose or discretionary income. Investing in btc does carry risks Sometimes, after buying at a low price, the price can drop again So, in essence, those who invest in Bitcoin must be prepared for losses However, if you look at the bitcoin cycle, it has never been detrimental to those who hold btc long-term

Those that lose money by buying bitcoin are those that are into bitcoin for quick profit or those that lacks the patient to hold bitcoin for a long term. It is mostly traders that can complain of losing bitcoin, expect in cases in which an investor was careless with there seed phrase or issue of scam.
There is risk in investing in bitcoin whether it is for short term or long term. But , long term investment is less risky when compared to short term. So investors should only invest in bitcoin for a long term because long term investment in bitcoin has proven to be more rewarding than short term investment despite the risk involved in investing in bitcoin.

I don't know of any history of anyone losing money investing in Bitcoin. There are a few traders who have lost money by buying Bitcoin for trading purposes. They were afraid of losing their capital and sold it. You didn't mention what kind of time frame you want to define as long term when it comes to Bitcoin investing because a new investor might be confused by the term long term.

Some folk think long term is 1 year, some might think 2 or 3 years. For the sake of everyone's knowledge, I recommend that you accumulate Bitcoin for the long term and consider its duration 4-10 years or based on your financial capacity. 4 years is an initial stage and the minimum period for long term Bitcoin. I would recommend accumulation Bitcoin regularly for as long as your financial capacity and discretionary income are available.

[Zackz5000]

It's true that many people lose money when buying BTC because the price drops, which ultimately leads them to sell it at a loss However if someone buys BTC and the price drops below the purchase price but continues to hold it and hasn't sold it, there's the potential for no loss as long as they hold it long-term So in essence long-term investment in BTC has the potential to avoid losses

In my opinion buying btc when the price drops, such as in the current bear market, is wise as long as they hold it long-term

However, it's important to understand that investing in BTC still carries risks, so it's not surprising that people often say to use money you can afford to lose or discretionary income. Investing in btc does carry risks Sometimes, after buying at a low price, the price can drop again So, in essence, those who invest in Bitcoin must be prepared for losses However, if you look at the bitcoin cycle, it has never been detrimental to those who hold btc long-term

Those that lose money by buying bitcoin are those that are into bitcoin for quick profit or those that lacks the patient to hold bitcoin for a long term. It is mostly traders that can complain of losing bitcoin, expect in cases in which an investor was careless with there seed phrase or issue of scam.
There is risk in investing in bitcoin whether it is for short term or long term. But , long term investment is less risky when compared to short term. So investors should only invest in bitcoin for a long term because long term investment in bitcoin has proven to be more rewarding than short term investment despite the risk involved in investing in bitcoin.

I don't know of any history of anyone losing money investing in Bitcoin. There are a few traders who have lost money by buying Bitcoin for trading purposes. They were afraid of losing their capital and sold it. You didn't mention what kind of time frame you want to define as long term when it comes to Bitcoin investing because a new investor might be confused by the term long term.

Some folk think long term is 1 year, some might think 2 or 3 years. For the sake of everyone's knowledge, I recommend that you accumulate Bitcoin for the long term and consider its duration 4-10 years or based on your financial capacity. 4 years is an initial stage and the minimum period for long term Bitcoin. I would recommend accumulation Bitcoin regularly for as long as your financial capacity and discretionary income are available.

Unless such person is a trader that he will say he lost his money in Bitcoin as long as you are always accumulating and hold for 4 to 10 years and up will not experience lost in Bitcoin though nobody can predict the future to know how it will be but since Bitcoin has been rewarding long time holdlers it has been seen as what that will always continue to reward long time holders. Again from what you just said when they talk about long time there are people who may believe that 2 years is a long time in Bitcoin investment 2 years is short if you accumulate Bitcoin and sell without holding for 4-10 years or above is only just gambling and not making an investment.

[Obulis]

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.

If it's still wise to still buy? Buy Bitcoin? Considering the fact that many people have lost? Lost what and how? I guess you are probably referring to trading because all that question can't be for an investor using DCA strategy and even when an investor is using buying the dip strategy they know that so far Bitcoin has come to stay even as profit is not guaranteed they can still continue with this dip believing a new all time high. For DCA strategist this is golden opportunity to still buy Bitcoin.

[Futurexxx]

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?

Bitcoin has proven beyond reasonable doubt in the past that it can always recover and eventually create a new all time high, so it recovery is a matter of when, so I do not by any means doubt it ability to recover.

2. What really determines it return?

What determines it return is when more buyers comes back into the market towards the end of the four years circle. So because they are aware of the footprint of Bitcoin and how it moves, they will always comes back in full force during the bull season.

3. Do you still place more value on crypto despite its short falling?

The only crypto assets I have high value on is Bitcoin, the likes of BNB, ethereum and Solana are doing pretty fine, but my hopes is not that high on them like in Bitcoin.

[Publictalk792]

snip

If it's still wise to still buy? Buy Bitcoin? Considering the fact that many people have lost? Lost what and how? I guess you are probably referring to trading because all that question can't be for an investor using DCA strategy and even when an investor is using buying the dip strategy they know that so far Bitcoin has come to stay even as profit is not guaranteed they can still continue with this dip believing a new all time high. For DCA strategist this is golden opportunity to still buy Bitcoin.

Exactly, those questions only make sense if you are trading, not investing.

DCA investor never asks ‘what if the drop never comes back' because he is not timing anything. They bought yesterday, they will buy next week or month.
The "many people lost" also has to be put into context. Those who bought and held on to the $69k to $15k drop in 2022 did not get permanently lost, they recovered and made $126k. Those who panicked sold at $15k and had real losses.
Bitcoin going to zero is technically possible but at $600B+ market cap with national wealth funds, ETFs and governments holding it, that risk is becoming smaller with every turn.

[Promocodeudo]

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.

Op I didn't go through your last post, although I don't know when you started investing in Bitcoin, but your statement sounds like that of a short term investor coreect me if I'm wrong with my assumptions, if I get you right, your Bitcoin portfolio dropped in value due to the price fluctuations that we have been experiencing for a while right? If you had read where Bitcoin started from and how the market is, you would've been very familiar with the market by now, those that will consider what has happen to their Bitcoin as loss are traders but as for long-term investors, they aren't much bothered because they has their set goals which is tied on a long-term.

As long as there's volatility, there must be dip and upsurge, no matter how slow the market recovery is, the future of Bitcoin remains what it is.

My value for Bitcoin is unimaginable, you said crypto, to my understanding you're generalizing everything, which is both shits, every other Altcoin, mate Bitcoin is not in that category, and you should know that at any opportunity, you should buy Bitcoin atleast you can remember the last ATH, we are expecting more than what we saw to happen again in the future, so don't get discouraged although it is your personal decision to do whatever you like.

The advantage of the dip is in the buying, if you don't buy there's no way you will be rewarded, so utilize this buying opportunity to the bast of your ability.