Crazy 48 hours

[Smack That Ace]

Bitcoin has experienced a decline and remains in a downtrend as of today following the U.S. election results that led to Trump’s party’s defeat. As a result, not only has the Bitcoin market declined, but the U.S. equity market has also followed suit. The impact may even extend further to Asia.

Buying for investment purposes shouldn’t just involve waiting for a market dip, as that won’t yield optimal results for an ongoing investment strategy.
Buying when prices fall—such as during today’s decline—is a good strategy, and if you’re implementing a dollar-cost averaging (DCA) strategy, that’s even better.

Was it because of the election in the US? I don't think so, this decline is not just about that because there is a lot of negative sentiment that has been happening lately in the world, especially regarding the economy of the community which seems like the world is in a bad state because of the shortage of oil distribution which causes the cost of production and distribution to be more expensive and this results in a bad economy.
Buy bitcoin strategy just make a purchase and indeed I agree if you have more money at the time of decline is the right time to buy, but there needs to be a good level of risk management, because from what I see that further decline could happen, we are in a market that is still bearish.

Sure, the market is affected by all sorts of factors, as you mentioned. Still , I do think that the recent fluctuations are related to the US midterm elections, as they also impact on future policies and the economic outlook.

Look at global markets as a whole and they're reacting to those same headlines  too . So why would Bitcoin be the exception when it's just one small piece of the bigger picture ?

As for buying , we've been over this plenty of times . Buy when you're ready.

[maydna]

I don't asking what happen but only wait. The price plunged reach $74k after increases for a little. Perhaps this could be because of the US politics makes the market correction.

If you want to buy, you should place many orders buys or just wait for the very lowest price. But that will be difficult because no one know when that come.

More drama will coming soon which could lead the price down more. You could only prepare yourself and funds to buy at a low.

[coinrifft]

I don't asking what happen but only wait. The price plunged reach $74k after increases for a little. Perhaps this could be because of the US politics makes the market correction.

If you want to buy, you should place many orders buys or just wait for the very lowest price. But that will be difficult because no one know when that come.

More drama will coming soon which could lead the price down more. You could only prepare yourself and funds to buy at a low.

Yes, it could be because of the mid term election results in the US, and investors might think that it's not going to be favorable to us and they are afraid that's some of them might have sold their Bitcoin causing the price to go down hard.

Nevertheless, I think the market will bounce back, this is another great opportunity for us to buy again. So if most of the investors have that kind of mindset and thinking long term, then sooner or later we might go back to at least $80k.

[AprilioMP]

Bitcoin has experienced a decline and remains in a downtrend as of today following the U.S. election results that led to Trump’s party’s defeat. As a result, not only has the Bitcoin market declined, but the U.S. equity market has also followed suit. The impact may even extend further to Asia.

Buying for investment purposes shouldn’t just involve waiting for a market dip, as that won’t yield optimal results for an ongoing investment strategy.
Buying when prices fall—such as during today’s decline—is a good strategy, and if you’re implementing a dollar-cost averaging (DCA) strategy, that’s even better.

Was it because of the election in the US? I don't think so, this decline is not just about that because there is a lot of negative sentiment that has been happening lately in the world, especially regarding the economy of the community which seems like the world is in a bad state because of the shortage of oil distribution which causes the cost of production and distribution to be more expensive and this results in a bad economy.
Buy bitcoin strategy just make a purchase and indeed I agree if you have more money at the time of decline is the right time to buy, but there needs to be a good level of risk management, because from what I see that further decline could happen, we are in a market that is still bearish.

Of course, that’s not entirely justified, though I realize that the political fallout from Trump’s party’s defeat also contributed to the market’s decline.
If this decline is driven by economic factors within society, I agree that this is the most likely explanation, since I haven’t seen any recent news reports explaining the actual cause of the decline.

The best buying strategy is to buy regularly without waiting for market prices to fall—a method known as DCA. If you buy now, this is a good time because the market is currently in a downtrend. For those who still use DCA for every purchase, they may not realize that this is the ideal moment for a buy-in, as hoped for by buyers who purchase while waiting for lower prices.

[Finebone]

Time to start buying the dip or wait a little?

I have said this time and time again that the market will always do what it's used to doing, so your reaction or actions is what's going to determine if you are going to benefit from it or not.  We are in the bear season, so it's not a surprise that the market react to any slight uncertainty. As a long term holder, buying and building our stash should be our primary concern because by doing so, we are positioning ourselves to be at a massive profit in the next bull season, so seizing this buying opportunities is what we should be more concerned of, not getting worried of short term price fluctuations.

[bangjoe]

Bitcoin has experienced a decline and remains in a downtrend as of today following the U.S. election results that led to Trump’s party’s defeat. As a result, not only has the Bitcoin market declined, but the U.S. equity market has also followed suit. The impact may even extend further to Asia.

Buying for investment purposes shouldn’t just involve waiting for a market dip, as that won’t yield optimal results for an ongoing investment strategy.
Buying when prices fall—such as during today’s decline—is a good strategy, and if you’re implementing a dollar-cost averaging (DCA) strategy, that’s even better.

Was it because of the election in the US? I don't think so, this decline is not just about that because there is a lot of negative sentiment that has been happening lately in the world, especially regarding the economy of the community which seems like the world is in a bad state because of the shortage of oil distribution which causes the cost of production and distribution to be more expensive and this results in a bad economy.
Buy bitcoin strategy just make a purchase and indeed I agree if you have more money at the time of decline is the right time to buy, but there needs to be a good level of risk management, because from what I see that further decline could happen, we are in a market that is still bearish.

Of course, that’s not entirely justified, though I realize that the political fallout from Trump’s party’s defeat also contributed to the market’s decline.
If this decline is driven by economic factors within society, I agree that this is the most likely explanation, since I haven’t seen any recent news reports explaining the actual cause of the decline.

The best buying strategy is to buy regularly without waiting for market prices to fall—a method known as DCA. If you buy now, this is a good time because the market is currently in a downtrend. For those who still use DCA for every purchase, they may not realize that this is the ideal moment for a buy-in, as hoped for by buyers who purchase while waiting for lower prices.

We may worry about the same thing about the Democrats ' attitude towards the crypto market, especially bitcoin, but if they don't accept the advances in technological innovation and future financial expectations, the attitudes and regulations they will make when they hold power, I think we think too much, I feel that they are not anti-progress in a rapidly evolving world.

Regarding the DCA strategy I started to evaluate that strategy for myself, from the 3 cycles we lived almost everyone agreed and knew that the bearish market existed, and always 1 year in the initial cycle became a bloody year, for the market after the bloody bitcoin market we experienced demand growth to form ATH, we may not know when bitcoin has decreased, but we have a whole year as the basis of our awareness when is the most appropriate time to buy, and this year is the time for one to know the beginning of that bitcoin cycle.

[laspol65]

Since the mid term election 3 days ago, bitcoin has been reacting massively. It dumped to 75.6k but now recovering back gradually.

Many have been attributing the market recent performance due to the election in US, but I always say this that things will go in a different pattern and it may also applies as a coincidence depending on the situation, it could be that the market was truly influenced to rise by the election and it is possible that it was only a reaction that we see from bitcoin market demand and supply as usual, boy I'm not also having this as they recovery because we are yet to achieve $80,000 ever since the fall from $84,000.

Many are blaming the US elections for the fall in the market, while others are claiming that the situation in the market has taken such a turn because of the Binance hack. Different people have different opinions, but it could be that the Bitcoin market rose rapidly due to the election, but after the election, the market fell a lot. During the election, the price of Bitcoin rose rapidly and touched $84k, and at that time, it seemed that its price would increase further.
But later, the market situation worsened and the market is currently at $73k, although it is currently in the $75k range. After falling from a good position, the price of Bitcoin is not showing much interest in fully recovering, but based on the current situation, it seems that the market will take time to go up.

Yes, I agree with you to some extent, where this election has played a significant role in the decline of Bitcoin prices. The reason is that Donald Trump lost this election, so the market may have seen a slight decline due to his loss, but it is natural that Bitcoin prices may fall due to the Binance hack. However, various reasons have combined to contribute to the decline of Bitcoin prices, but the market situation will turn around again and you will never give up. Because this Bitcoin price dumping helps you increase your holdings, you should buy Bitcoin again and make all your efforts to increase your holdings successful, maybe this is the last dumping, the possibility of the 70k dollar star breaking may be very low.