Buy, buy more Bitcoin.

[Solokan]

Right now is indeed the right time for DCA, and indeed, for those with a lot of discretionary income, we can double our purchases and save for the long term. However, for those who don't have extra funds, I think DCA is just fine. However, we don't know whether BTC will immediately experience a prolonged uptrend or not. I think there's a possibility of another decline, and this could be a temporary increase due to BTC dropping below $60,000. However, I hope BTC continues to rise and doesn't drop again because I want to see another bull market.

However, right now, if I have extra money, I always double my purchases because this is indeed the right moment. Looking at the market, it seems very difficult for BTC to fall below $60,000 like it did a few days ago. We'll see what happens, but what is clear is that buying BTC now has the potential to make a profit as long as we hold BTC firmly for the long term. However, it's clear that those currently DCA are fortunate because they are buying BTC at a low price.

[Johnlomape]

You would have made this your analysis more explanatory by showing the figures with the statistical analysis altogether, quite alright we know that bitcoin has is super hedge over any other asset or currency when compared together because of its profitability and increase over the time, but sometimes we may just need to be more explanatory in our emphasis when trying to find out a particular view or idea we are giving out to others.

Are you surprised about such kind of analysis? You don't have to be surprised the way people think they can analyze the price of Bitcoin easily by posting chart of Bitcoin and adding different indicators to show where they think the price of Bitcoin will be heading to.

Sometimes they will use line to show support and resistance on the chart to make the newbies have the feelings that they can analyze the price of Bitcoin accurately. I don't fall for this kind of charts since I know that there is no chances of the weak analysis becoming the reality or becoming where the price of Bitcoin is going to head to.

[Fivestar4everMVP]

As of now the Market won't come back there again. Up up we go. On the daily timeframe, we can see double bottom. For the past 4 days now the market has being flying. To the moon now. If you are still not doubling down, do so.

Are you kidding? Up up we go meanwhile the price of bitcoin is currently going down and it's dragging almost every thing else in the crypto market down with it..
I think its high time you guys stop coming up with prediction like this because clearly this market can't be accurately predicted.

We have seen this over and over again but yet we keep making same mistake, is this all for fun or for what exactly?
The price movement of bitcoin can not be accurately predicted, like you cant claim to be so very sure the direction the price is going next, and even if the price goes to the direction you predict it will go, its nothing but a mere coincidence, this is why myself no longer try to predict bitcoin's future price because it's impossible to know, and I also stopped believing other people's prediction because many of the times I did, I ended up buying bitcoin at a price I didn't like and wish I had followed my own instinct instead.

[Out of mind]

I made a post about where to double down on your DCA. This is the trend.

https://bitcointalk.org/index.php?topic=5584908.msg66800804#msg66800804

As of now the Market won't come back there again. Up up we go. On the daily timeframe, we can see double bottom. For the past 4 days now the market has being flying. To the moon now. If you are still not doubling down, do so.

The market has not yet stabilized completely, but it can change at any time. If the current situation is such that the Bitcoin market falls again, then there is a high possibility of it falling further. This month does not bode well for Bitcoin, but if it continues to move forward slowly in a stable state, then the market will run in the future. However, the Bitcoin market has been increasing continuously for the past few days, although many people think that it may continue to rise from here, it is not possible to say for sure. However, for those who plan to invest for the long term, this time will be quite encouraging and they will not be disappointed if they invest. Those who have long-term plans have already bought from the depths of the market and are continuing to invest more through the DCA method.

[Accardo]

However, for those who plan to invest for the long term, this time will be quite encouraging and they will not be disappointed if they invest. Those who have long-term plans have already bought from the depths of the market and are continuing to invest more through the DCA method.

The downward trend of bitcoin could go past 60k threshold down to 55k, buyers waits for this golden opportunity to stack up BTC. Seeing the market perform this low is normal, remember 60k was once bitcoin's ATH, today its a price that makes people panic, this change in reaction, from jubilating at 60k to panicking over the same 60k, tells how far bitcoin has gone, both in price and market cap.

[ZAINmalik75]

Are you kidding? Up up we go meanwhile the price of bitcoin is currently going down and it's dragging almost every thing else in the crypto market down with it..
I think its high time you guys stop coming up with prediction like this because clearly this market can't be accurately predicted.

We have seen this over and over again but yet we keep making same mistake, is this all for fun or for what exactly?
The price movement of bitcoin can not be accurately predicted, like you cant claim to be so very sure the direction the price is going next, and even if the price goes to the direction you predict it will go, its nothing but a mere coincidence, this is why myself no longer try to predict bitcoin's future price because it's impossible to know, and I also stopped believing other people's prediction because many of the times I did, I ended up buying bitcoin at a price I didn't like and wish I had followed my own instinct instead.

I couldn't agree more. We can clearly see how unpredictable the market is because we saw it first going down, below $60k, people thought now it's going towards $50k, but then it started going up and went above $64k, and people thought it will now keep going up, and then again it dropped to $62k and is trading around that area at the moment. This alone should prove that we can't really know whether the bottom has been reached or whether it is going to go down further or not, this is the reason why we shouldn't always wait for a better price if we are planning to buy Bitcoin and have funds ready.

Just like you, I might speculate here and there about the price of Bitcoin and make wild guesses just to myself to see if my predictions can actually be correct, but when it comes to making investments, I never really make predictions and base my investment plans on that, I simply wait for the bear market, and when it's here, I start buying as soon as the price reaches a good point, and then I keep on adding as much as I can.

[alastantiger]

The downward trend of bitcoin could go past 60k threshold down to 55k, buyers waits for this golden opportunity to stack up BTC. Seeing the market perform this low is normal, remember 60k was once bitcoin's ATH, today its a price that makes people panic, this change in reaction, from jubilating at 60k to panicking over the same 60k, tells how far bitcoin has gone, both in price and market cap.

It is always a full cycle, a resistance will later become a support and so will a support price also become a resistance price in the future. There are some investors that do not believe Bitcoin will fall back to 60,000 after it went above 100k dollars but look at the price right now. 4 years ago, if you have told investors that people will be panicking when the price is $60,000, they won't have believed because back then the price have not gotten to this range and that is why Bitcoin investment is so interesting. We just have to keep on buying as there is no limit to what the price of Bitcoin is going to become and we should not be scared about the corrections that we see in the market as they are only temporarily and will not last long. As we are buying we should also secure our Bitcoin very well so as to avoid hackers from taking control of our wallet and stealing all our investment.

[bhadz]

The downward trend of bitcoin could go past 60k threshold down to 55k, buyers waits for this golden opportunity to stack up BTC. Seeing the market perform this low is normal, remember 60k was once bitcoin's ATH, today its a price that makes people panic, this change in reaction, from jubilating at 60k to panicking over the same 60k, tells how far bitcoin has gone, both in price and market cap.

And it's possible that while waiting for that golden opportunity, it might no longer come to them. They're giving timeframes of when they will start buying. But isn't it that when the bear market has entered, it should be the time for them to start buying as well. Because we'd see how the market's too volatile and everyone becomes so scared when they see that it keeps dropping. Some move like $2k to $3k in less than a day, that should be a sign for them to look at their plans and think of it that it's wise to continue buying if ever they can. Don't wait further because the wave might change favoring the bulls later.

[Publictalk792]

The downward trend of bitcoin could go past 60k threshold down to 55k, buyers waits for this golden opportunity to stack up BTC. Seeing the market perform this low is normal, remember 60k was once bitcoin's ATH, today its a price that makes people panic, this change in reaction, from jubilating at 60k to panicking over the same 60k, tells how far bitcoin has gone, both in price and market cap.

It is always a full cycle, a resistance will later become a support and so will a support price also become a resistance price in the future. There are some investors that do not believe Bitcoin will fall back to 60,000 after it went above 100k dollars but look at the price right now. 4 years ago, if you have told investors that people will be panicking when the price is $60,000, they won't have believed because back then the price have not gotten to this range and that is why Bitcoin investment is so interesting. We just have to keep on buying as there is no limit to what the price of Bitcoin is going to become and we should not be scared about the corrections that we see in the market as they are only temporarily and will not last long. As we are buying we should also secure our Bitcoin very well so as to avoid hackers from taking control of our wallet and stealing all our investment.

This is textbook chart analysis and Bitcoin has repeated this rhythm time and time again throughout cycles with $20k once completely unthinkable all-time high, then a low, then a floor. $60k is just following that rhythm.

Thing that is interesting about mood today is that everyone memory is so short. Those who bought under $10k are 6x at today rates, not panicking at $60k, they are buying more. Panic is from those who purchased between $90k and $126k, and have not yet realized losses. Two completely different mental experiences of the exact same price.

End security point is very serious, however. Bear markets are indeed when scams and fake link attacks hit their highest levels, when the people are under stress, distracted and sometimes desperate, hackers know you are too. No clicking random links, no online, backup phrase offline, hardware wallet. Simple stuff but people get careless just when they need to be most careful.

[Rengga Jati]

As of now the Market won't come back there again. Up up we go. On the daily timeframe, we can see double bottom. For the past 4 days now the market has being flying. To the moon now. If you are still not doubling down, do so.

Market down -> buy
market down again -> buy
buy - buy more

The bottom line is, if you have free funds, just buy, especially during a market downturn. Just adjust it to your strategy and manage it.
Is that with strict and regular DCA, Or just buying Bitcoin with averaging down. Focusing only on market downturns? Whatever it is, as long as it fits you, just do it.
More Bitcoin, much better (for the long term)

Unless your focus is on trading, that might be different.

(but always, DYOR and fit to our own financial condition)

[CryptoYar]

[...]

Most common cause for people to have less Bitcoin than they would like is waiting trap. They say they will purchase when it hits X, they set their goal lower and the process continues forever. DCA takes the mind games away completely.

Yearly buying point holds true as well. While down markets can be uncomfortable, they are in fact best time to buy and save. Up market is exciting, but you are not getting as much Bitcoin for every dollar you put down. Most people have emotional calendar that is opposite to logical calendar. If you are still waiting for best price within this price range, you may be waiting for next big price jump as well.

[Peanutswar]

At that post start of you OP the price if the bitcoin is roughly around $60-63k USD which is a consolidation price of the bitcoin for me basically ive seen bitcoin as a potential bottom already im not a good technical analysis but it seems we are forming another bearish flag but of course until not yet confirmed the bottom starting with the DCA so if ever there is a reversal happens with the falling wedge of the price we can grab a discounted price me personally I started accumulating already in since February and its like whole year its my agenda as preparation of the bullish in the market next year.

[suzanne5223]

[snip]

I made a post about where to double down on your DCA. This is the trend.

As of now the Market won't come back there again. Up up we go.

You make this post like you're the CEO of the entire market, or a billionaire that trades billions of dollars every day in the market, whereas you're saying this based on your market bias

On the daily timeframe, we can see double bottom. For the past 4 days now the market has being flying. To the moon now. If you are still not doubling down, do so.

Double bottom does not confirm the change of character of the market trend, and when i checked the daily timeframe you used, i see that the market touched the September 2024 order block, so we're yet to see BTC bottom price.                                                                                                                                                                                                                                   

[Charcol]

OP you can't say anything for sure. Anything can happen to the price of Bitcoin. You can only speculate but it is definitely a misconception to think that it will actually happen. Today the chart says the price is going up but there is no guarantee that the price will stay up tomorrow. And buying by looking at the price position is not called DCA, rather DCA gives you the opportunity to buy without thinking about any kind of price. Buying by just understanding the price position can be called DIP. There is no need to pay strict attention to the price to continue saving in the long term. Otherwise you might stop buying at the price.

[Hewlet]

[...]

Most common cause for people to have less Bitcoin than they would like is waiting trap. They say they will purchase when it hits X, they set their goal lower and the process continues forever. DCA takes the mind games away completely.

Continuous procrastination will eventually do one thing and that's deny you the chance of ever actualising your investment goal by causing you to delay on when to start buying or how to remain consistent in your buys. We can't really be sure of what the price of bitcoin will be in few months or years time but if we're able to take advantage of the current price that's relatively lower than the last ATH we had, it becomes easy and possible to be better prepared for any bull we anticipate in the long run.

There are generally two set of investors. The ones that are bullish about bitcoin and the ones that are not. If you're supposedly bullish about bitcoin, your priority should be in stacking more chunk of bitcoin regularly and never to push a buy you could easily make today to the next day, week or month. If you're not able to buy your bitcoin today, There's a great chance you might not be able to buy in the future because excuses are always available.

[Accardo]

And it's possible that while waiting for that golden opportunity, it might no longer come to them. They're giving timeframes of when they will start buying. But isn't it that when the bear market has entered, it should be the time for them to start buying as well. Because we'd see how the market's too volatile and everyone becomes so scared when they see that it keeps dropping. Some move like $2k to $3k in less than a day, that should be a sign for them to look at their plans and think of it that it's wise to continue buying if ever they can. Don't wait further because the wave might change favoring the bulls later.

The price change is a technical decision, watching the price trends determines whether to buy now or wait further, if it fails to plunge down to 55k, and continues to increase at 60k, then buying at 60k plus, is the least bearish opportunity for whoever wants to stack btc for profits.

[ndutndut]

OP you can't say anything for sure. Anything can happen to the price of Bitcoin. You can only speculate but it is definitely a misconception to think that it will actually happen. Today the chart says the price is going up but there is no guarantee that the price will stay up tomorrow. And buying by looking at the price position is not called DCA, rather DCA gives you the opportunity to buy without thinking about any kind of price. Buying by just understanding the price position can be called DIP. There is no need to pay strict attention to the price to continue saving in the long term. Otherwise you might stop buying at the price.

When buying, buying, and buying more Bitcoin the first thing we must instill in our minds is that Bitcoin is a long term asset. To cultivate this mindset, we must thoroughly study Bitcoin, including its characteristics and price movements during each cycle. This will make it easier for us to have confidence in Bitcoin as an asset worth investing in for the long term.

So, once we have this mindset we no longer need to search for the right timing to buy Bitcoin. Moreover as you said, nothing can be predicted with certainty in Bitcoin. Furthermore, we can easily implement DCA because DCA means routinely investing regardless of the price. Buying when it drops is a different strategy, not DCA. The point of implementing a DCA strategy is that today's price doesn't determine tomorrow. What matters is consistency and risk management, not finding the perfect timing to buy Bitcoin.

[Makus]

When market conditions are trending bearish like this, I think it's the right thing to buy because when else can we get Bitcoin at discounted prices like this.However, the current market conditions are trending bearish, so there's still a possibility that it could drop further, and short-term volatility may continue.
Therefore, we must still look at the market long-term and only invest funds we are prepared to invest for the long term, so it won't significantly impact our finances.

The bearish phase is always the best time to buy but some people don't really take advantage of this opportunity, for those that are yet to invest they become skeptical about making an investment and those that already have an investment running they quickly sell their coins out of fear instead of buying and accumulating more. I think knowledge and psychological factors are the reason why people make such mistakes. Making significant profits from Bitcoin requires a long term investment and not everyone is patient enough for that.

[Agathamay]

I'm alway interested in threads that encourage people to buy and that's what caught my attention on your thread and yes we don't at this point have to still be preaching to poole to buy especially those who already know about the coin because anyone who knows about and has the means to buy and not buying should be blaming themselves in the future but to avoid had I know, I believe that's why we still have to be preaching and encouraging people to buy and the Goodnews is that, we are not late for those who might think they are already late an if you can't buy in bulk, the DCA strategy should be your friend and you should try as much as possible to buy, just buy even if you don't have a reason to buy atleast for the sake of the future just buy.

[Pandorak]

The downward trend of bitcoin could go past 60k threshold down to 55k, buyers waits for this golden opportunity to stack up BTC. Seeing the market perform this low is normal, remember 60k was once bitcoin's ATH, today its a price that makes people panic, this change in reaction, from jubilating at 60k to panicking over the same 60k, tells how far bitcoin has gone, both in price and market cap.

In my opinion, there’s still a significant chance that Bitcoin could drop to lower levels. The $50k range is not an impossible price for Bitcoin to reach if selling pressure increases again. Currently, the price is still moving sideways, with support around $58k and resistance in the $64k range, a level that was previously tested for a breakout but failed to break through. As long as there isn’t a valid breakout on the higher time frames, the possibility of a decline still warrants caution, although i remain very optimistic about Bitcoin in the long term.