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.

[perfect999]

We are still looking at the technical but let's not forget that even fundamentals can drive the price of bitcoins. Imagine if any specific country decides to impose a complete ban on bitcoins. That will crash the market really bad and we can find another buying opportunity at a very discounted price. It is good to follow technical but sometimes, we should also be prepared for any fundamental out-comings because we never know what might come up.

Anyway, as for technical, even I do not find any buying opportunity later. I think the buying phase is almost over now and price will soon start recovering so I've been holding my bag.

[nara1892]

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.

That’s a bad habit that’s extremely difficult for investors (especially beginners) to break they’re always waiting for prices to drop even lower. The sad thing is that sometimes they lack the knowledge to explain why they should wait and to what point they should wait in the end, they regret it because the market has already rebounded. My conclusion is the same as yours the best approach is to accumulate using the DCA method, because this way, one doesn’t have to focus on the exact purchase price all that’s needed is consistency and discipline.

[alastantiger]

We are still looking at the technical but let's not forget that even fundamentals can drive the price of bitcoins. Imagine if any specific country decides to impose a complete ban on bitcoins. That will crash the market really bad and we can find another buying opportunity at a very discounted price. It is good to follow technical but sometimes, we should also be prepared for any fundamental out-comings because we never know what might come up.

I do not think the fundamentals is having big influence on Bitcoinsl price anymore because the price of Bitcoin did not react very negative to the biggest exchange getting hacked and also the largest amount of dollars ever hacked ftom an exchange and the market only gotbl few drops in price and in few days, we can see the price of Bitcoin begins to turn bullish gain and that is the reason the fundamental is being week for predicting Bitcoin.

Even in a bear market time that a hack was supposed to make the market to fall., it did not fall as we would have expected. Looking at Bitcoin from the technical aspect is what makes sense now because we can not just be depending on news to move the market. Bitcoin is becoming more matured as a cryptocurrency and not being too sensitive to negative news that does not affect Bitcoin directly.

[henmark]

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.

Market is always going to react in opposite direction. When masses thought the price will dip further, recovery began and vice versa. That's the sole reason why I like to go against the masses. Sometimes, it is a risky move for me because I will be betting against the trend but a few situations in the past have proved to be beneficial for me so I am ready to take that risk. We should not expect market to continue the trend just because we want to make the purchase. Markets will always have different plans.

DCA has been a life saver for new investors who always struggle to find the right entry price. They spend most of their time in catching that right entry level but often end up investing when the price is already on peak.

[SatsPH]

I do not think the fundamentals is having big influence on Bitcoinsl price anymore because the price of Bitcoin did not react very negative to the biggest exchange getting hacked and also the largest amount of dollars ever hacked ftom an exchange and the market only gotbl few drops in price and in few days, we can see the price of Bitcoin begins to turn bullish gain and that is the reason the fundamental is being week for predicting Bitcoin.

We did react though, but it's not the reaction that we are supposed to see at it didn't go down on a spiral. Unlike before when there was a news about a hack, the market price might go deeper to a new correction.

Right now, the price looks like it has somewhat recovered and so we might not see a big push down. We might see it going sideways, but it's a sign that the market is in the middle so chances are 50/50. But I like that chance instead of market is full of fear and uncertainty as we might plummet to a new lower lows.

[7juju]

We are still looking at the technical but let's not forget that even fundamentals can drive the price of bitcoins. Imagine if any specific country decides to impose a complete ban on bitcoins. That will crash the market really bad and we can find another buying opportunity at a very discounted price.

There are countries that will impose bitcoin restrictions in their country and the market will not react. Nobody will feel or notice the impact of that, because they are insignificant to the market movers. There are only few countries that can ban bitcoin and the market will react very badly. Bitcoin has outgrown that stage where any country can just place a ban and it will react negatively. At the moment I think it is only the US and the UK that will place a ban on bitcoin and the market will react very badly.

[348Judah]

I will not accept this as fact that we are done with Bitcoin bottom, there is likely to be more before we exit the bear season, although if we can have something like this the more it will only indicate for a pump ahead, bitcoin do have a kind of pattern it's uses to rise as well as fall. We only have to use the chart indicators to understand which one is ahead of us at any given time, most likely, this month of November is going to pump and maintain $80,000 back, but we can't establish any fact-check on whether we are going to see it go beyond this range down to $90,000.

[maydna]

I will not accept this as fact that we are done with Bitcoin bottom, there is likely to be more before we exit the bear season, although if we can have something like this the more it will only indicate for a pump ahead, bitcoin do have a kind of pattern it's uses to rise as well as fall. We only have to use the chart indicators to understand which one is ahead of us at any given time, most likely, this month of November is going to pump and maintain $80,000 back, but we can't establish any fact-check on whether we are going to see it go beyond this range down to $90,000.

We have seen it happens now where Bitcoin price is down below $80k. The price is at $77k level and the chance to go down more is there. But if we talk about buying Bitcoin, we have that chance and we can buy anytime we want. Those who running DCA will not bothering the time because they buy according the plan whether the market is up or down. Bitcoin have a pattern but we might be difficult to predict the right direction because the price can moves suddenly without notice. We hope this month can bring a good to us so we can return to make a profit again.

[Zaka1221]

I will not accept this as fact that we are done with Bitcoin bottom, there is likely to be more before we exit the bear season, although if we can have something like this the more it will only indicate for a pump ahead, bitcoin do have a kind of pattern it's uses to rise as well as fall. We only have to use the chart indicators to understand which one is ahead of us at any given time, most likely, this month of November is going to pump and maintain $80,000 back, but we can't establish any fact-check on whether we are going to see it go beyond this range down to $90,000.

Volatility always has its own involvement; just because of this, talking about the bottom has never been easy. People are always not sure about how things will be gone, but they need to realize now it's on the level where its bottom is going to stay around $77K to near these figures because few recent developments giving good value and more good things are coming, which will also have a good impact on its price.
There is no guarantee about a few things, but recently many were expecting it to have a big decline, which never happened, and it's keeping moving on level where investors' confidence will be improved and they will bring more investment, which also declines its volatility, even if it's going to stay but with limited chances.

[tbterryboy]

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.

I do not agree with you here. You don't really have to worry about the price if you are following DCA. All you need to do is put in the same amount of money no matter what the price is. If you start watching the price before investing, that will only hinder your DCAing decisions and you might soon start to be a trader instead of a holder.

If you can watch the price before investing, you will also continue the price after investing and the moment you find a better opportunity to make profits, you will offload your share of holdings which will break all DCA rules. One main thing I like about DCA is that I don't have to let my emotions take place. I will have to make the purchase at the current market price so I will not hurt my emotions by saying I could have caught a dip.

[Lontor]

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.

Convenience is the key, I don't have to rush because some people are buying the bottom, what if I don't have the money to invest at the very bottom? I've always think this same way when people are saying we should buy the bottom.

It's really not a must but at the same time it's for the best too but we can't hurt ourselves because we are chasing a price action, some people's salary comes early after the month ended and that could be when Bitcoin rebounding.

You got to still DCA even though you are buying higher than others, when the bottom can happen could be an inconvenient time for you, so you have a point my friend it's not a must to buy the bottom, profits will still be made.

[Awaklara]

most likely, this month of November is going to pump and maintain $80,000 back, but we can't establish any fact-check on whether we are going to see it go beyond this range down to $90,000.

To reach $80k again, it should be very possible in the near future. I think any potential decline that may occur again will not bring Bitcoin's price lower than the lowest price reached in this bearish market. Since Bitcoin's price dropped below $90k, we have not reached it again. Hopefully, in the next pump, we can see Bitcoin surpass $90k.