I'm trying to gauge whether $12k is the bottom of this downtrend or not, but apparently it is still fighting and hovering somewhere between $13k and $12k at this very moment. For me, I'd say wait a couple more hours or a day or two before starting to buy. Who knows how far this dip can go? It is already a good buy but again just to be safe, try to weigh whether the market will still slip down or not.
When many people are in panic, wise ones are acting to gain more profit.. Just don`t sell at the bottom, contrarywise, it`s a good time to buy
I waited for a price of 10,000 dollars for bitcoin and did not buy for 11,000. But I think that you can buy, bitcoin will now grow to 20,000 dollars. Correction is over.
what you should have done was to break down your buy orders into multiple smaller parts and placed them on different price levels.
for example buy 30% @$12,000 and buy 30% at $11,000 and 30% @10,000 and 10% at $9000. or even more depending on your investment size or whether you like doing this break down or not. sometimes it helps catching the good buy opportunities and never miss a buy chance when price has reached the bottom but you don't know if it goes a tiny bit lower or not.
I agree and this is a wise move for buying besides there's nothing to lose if set in that amount. So if ever you set a buy order be sure it's just near the bottom so it will hit somehow and don't miss out anything.