Quote from: DanWalker on Today at 01:35:56 AM

Quote from: Ziskinberg on August 15, 2022, 11:26:48 AM

Quote from: Ketesnuko on August 08, 2022, 12:10:07 PM

Today BTC moves are more bullish than ever, my chart says we going to 27-28k and many people are waiting for 10k BTC, I think charts don't lie like people do, if a bearish signal is coming your chart will tell you but sitting on your hands and hoping for a satisfying buy price can leave you with many regrets.

Absolutely and perhaps, we are not even sure that Bitcoin will reach back down to $10k and it was a waste of time waiting for it. Waiting for the bottom price is like we are hoping for nothing. Because in the first place, why do we have to wait for that even buying at the current price today will still give us a profit once the market turns bearish again. I might be wrong but this kind of mindset (waiting for the dip) is not the most recommended and we ended up missing the chance while wasting time.

Indeed, those who were waiting for the final bottom to buy dip have really missed the opportunity to buy bitcoin at a low price. We don't know where the final bottom will be until it's crossed and $17k is considered the final low this time. Bitcoin's most recent ATH was $70k, so when the price drops to $20 it's a reasonable discount to start buying, if the price continues to fall we will continue to buy instead of waiting. Both wasted time and missed the opportunity to buy bitcoin cheaply.

Still though, even at the current price, it is considered very low so the opportunity is still there. For now, I most likely believed that we have reach the bottom price.

So it's not good to wait for the price to go down on a spin. Plenty of time to stack up and accumulate above $20,000. If it goes down, then buy even more. So it is still a win-win situation for us.