Bitcoin bottom is gone, last chance to buy incoming

[coinrifft]

There is too much uncertainty in this market right now,  there is no point been bothered about price action,  October is almost over now and I don't see how this month will be bullish.

It's sure going to be a dumptober and maybe in November we will see good price action, although things seems to be mimicking the chart of 2022 again but anyways I wouldn't bother too much about it..

I will leave the problem for people who want to catch the perfect bottom as for me I don't need to, I keep buying Bitcoin either ways, 2027 is all I got in my mind for now..

Yeah, very hard to predict as the market might have really grown big this 2026 that players are in the opposite direction. And with that, we have predicted or some of us might have speculated that October will be good. Unfortunately, there is dumping and there are no positive price movement.

So either way, to make it work on us, we should just continue to accumulate as much as we can and be ready on next year. Maybe that time, we could be in the range of $100k again and if that happens, we are prepared by just keep on holding on our precious Bitcoin.

[alastantiger]

I'm sure waiting to buy at the bottom has prevented a lot of people from buying Bitcoin. The reason is that people can't even predict the price of Bitcoin, and many have a specific price they consider to be the bottom. The only way for investors to seize the opportunity to buy at the bottom is to be consistent in buying Bitcoin. When you are consistent with buying Bitcoin, you have the opportunity to buy at different prices that seem good.

Why is it always necessary for them to buy at the bottom when if they buy at any price then hold they can make profits despite not buying at the bottom price. What I think is wrong with people that wait for the bottom is that they are scared of the market hence they decide to use that reason as why they are not buying yet and when they miss the actual bottom then the price of Bitcoin is increasing, they are still the ones that will be panicking and buying when the price is very high. investors that do not care about the bottom of the market are buying and making profits regularly and that is what we should be doing and not procrastinating on buying because we will regret it later if we do.

[Ayers]

I'm sure waiting to buy at the bottom has prevented a lot of people from buying Bitcoin. The reason is that people can't even predict the price of Bitcoin, and many have a specific price they consider to be the bottom. The only way for investors to seize the opportunity to buy at the bottom is to be consistent in buying Bitcoin. When you are consistent with buying Bitcoin, you have the opportunity to buy at different prices that seem good.

Why is it always necessary for them to buy at the bottom when if they buy at any price then hold they can make profits despite not buying at the bottom price. What I think is wrong with people that wait for the bottom is that they are scared of the market hence they decide to use that reason as why they are not buying yet and when they miss the actual bottom then the price of Bitcoin is increasing, they are still the ones that will be panicking and buying when the price is very high. investors that do not care about the bottom of the market are buying and making profits regularly and that is what we should be doing and not procrastinating on buying because we will regret it later if we do.

Trying to nail the exact bottom or refusing to buy until bitcoin hits a specific price isn't a smart strategy, since its pretty much impossible to call exact top and bottom. But there is no denying that getting in at a lower price can boost your return and cut your risk considerably.

There are plenty of reason people wait for a bottom, it doesn't necessarily mean they are scared or just making excuses. Everyone has their own strategy. Some prefer to DCA while other would rather wait for more attractive entry to make better use of their capital. Both approaches have their pros and cons .

Bottom line , pick a strategy that suits  you and always keep planB. Instead of assuming there's only one right way to buy bitcoin.

[Agbe]

There is too much uncertainty in this market right now,  there is no point been bothered about price action,  October is almost over now and I don't see how this month will be bullish.

The uncertainty of bitcoin is not a contemporary action but from the onset so when I saw your now it looks as if there certain before. As for me October is a good month for bitcoin compared to September of $65+k. Throughout the Month of October, bitcoin has been in $80+ which is not bad for the market price for trade and investors from last year.

It's sure going to be a dumptober and maybe in November we will see good price action, although things seems to be mimicking the chart of 2022 again but anyways I wouldn't bother too much about it..

September 2023, bitcoin was at the rate of $16+k and in the month of November, it was increasing and from there the price has not gone down again till now. So I can say November is a time the price rise but in February or March it was in downturn but things can change. Yesterday the price was $79+k and today now it is $80+k and for that with the current movement, the beginning of November might not be good for traders but the ending will be good.

I will leave the problem for people who want to catch the perfect bottom as for me I don't need to, I keep buying Bitcoin either ways, 2027 is all I got in my mind for now..

There is no best bottom again in bitcoin, you can invest in whatever place you meet it. If you are planning to invest at the rate of $60 or below, which might be the best bottom to invest, it will not happen again. Use DCA method to acquire the number you want.

[Nanga Parbat]

People believe that there is a massive difference between buying at 80k and buying at 70k, for someone who is accumulating Bitcoin slowly why should they even care about all these?

It's looking like we are heading back to 75k but it doesn't even make any difference, I stopped watching price action since I don't trade everyday, I instead focus on my DCA strategy for now.

It's not victory for me until Bitcoin reach 100k again, then will be the time to start feeling good about all my buying decisions so far, now is not the time for that, keep buying is all I have to keep doing for now..

Accumulation through strategy always wants to stick with your original plan; never try to have changes in the middle because these can mess up things that have never been ideal for accumulation, and achieving your target price also needs to be set before having this because all things will be helpful, and investors will be able to have good benefit.

There are enough strategies that are used, and investors always love to stay with their own because they always have good results. DCA is also doing good, and many are not using this through their own comfortable zone. Current prices are surely one of the best to have investments and take good profit in the long run.

[Stable090]

Why is it always necessary for them to buy at the bottom when if they buy at any price then hold they can make profits despite not buying at the bottom price.

Some people waiting to buy at the bottom will end up not investing in bitcoin. When you are waiting to buy at the bottom, no
Matter how low bitcoin price goes, some of them are still going to be waiting for the price to drop lower before they invest, but we all know that nobody knows how low bitcoin price is going to go, so even if bitcoin price drops to it’s the lowest price, they going to be hoping for more dip, till bitcoin price is going to change direction, and they going to miss out, or they will end up buying when the price has increased already.

When investing in bitcoin, you don’t have to wait for dip before investing, just make use of DCA when investing in bitcoin, you don’t have to be waiting for the price to dump before investing in bitcoin.

[DanWalker]

When investing in bitcoin, you don’t have to wait for dip before investing, just make use of DCA when investing in bitcoin, you don’t have to be waiting for the price to dump before investing in bitcoin.

I have to disagree with this take. DCA is a good strategy for accumulating Bitcoin without trying to call exact market bottom. But that doesn't mean we should buy at any price.

If BTC is pumping hard and we are in bullmarket, blindly buying regardless of price isn't a smart move. It may be better to wait patiently for a pullback or even a bear market, so we can accumulate BTC at a lower cost basis.

I'm not saying wait for the bottom either, since calling the exact bottom is next to impossible. Just don't run DCA on autopilot when the price is way up or sitting near the top, I reckon.

[Lida93]

From the market movement, it shows that the bear market is coming to an end and we might not be able to buy at a price lower than $58k+ because that seems to be the bottom. The market has two phases and if it's not bearish, it's bullish.

Those that were still waiting for bitcoin to dip below $58k+ before they'll buy have missed the dip and they'll regret waiting for the dip. DCA puts you in a better position to buy always.

It actually looks that way, an end to the bear market season, something some persons had procrastinated about buying while price was still within the dip range of $55 and $59k but because the expectations was that price could fall deeper from that range. With how uncertain the market is, it's quite a loose thought to think that we can easily identify the bottom, except for after price recovery has started happening as it's doing now. Most definitely, the DCAing buying approach is absolutely the catch when looking on buying bitcoin at good price positions.