Quote from: KnightElite on Today at 06:48:13 AM

Quote from: lienfaye on Today at 04:51:24 AM

Quote from: Silberman on January 13, 2023, 04:31:51 AM

Quote from: kro55 on January 12, 2023, 02:55:14 AM

Quote from: thecodebear on January 10, 2023, 02:27:26 AM

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For those of you still trying to build out a Bitcoin stash you can be happy with, including those of you trying to get up to being a whole-coiner, this will likely be the last year you can make significant progress on that as it'll start getting real hard to accumulate tenths of a bitcoin when the price is mid five figures, high five figures, and in the six figures.

Who is accumulating and how much are you hoping to add to your stash this year?

We can invest in bitcoin whenever we want, bitcoin will always make a profit. But I agree with OP one thing, if someone misses 2022, then maybe this is the last year we see bitcoin under $20k. If we miss this opportunity and when another bull season arrives, buying bitcoin will become even more difficult. Remember the lesson when bitcoin was at 3k in 2018, and if someone didn't buy it, there was no chance.
Of course, we can still invest later, but if you want to make a lot of profit, let's accumulate now, procrastination will not help us become rich.

At some point investors need to accept the fact they need to take a risk and invest in bitcoin, maybe they missed the bottom already or maybe the bottom is yet to come, but that does not matter, what matters is to take action now, because each day it passes the closer we get to the next halving, and while it may still seem to be far away we must not forget that time flies by and before we know it the halving will be around the corner and we may find ourselves without enough bitcoin to fully take advantage of it.

Some of us don't like the idea of buying at the bottom because of their worries that it might turn downward further. Then, will regret not buying at a lower price when they see the price moving upward and they missed to take advantage the much lower price. Just like now the price of Bitcoin is increasing, so if an investor bought at $16k price, it's a decent profit already at this time. That's how unpredicted the price is, we'll never know what lies ahead and it's also the reason why we have to take risk if we truly believe the price can go higher and reach its previous ath. As you've said halving may look far still, but the time flies so fast, so while we can still accumulate, do it without hesitation because it's for our own good. But this is if you're not a weak investor and aware of the history of Bitcoin.

Bottom picking and averaging down are usually the strategy of a lot of investors where they are accumulating when the price of the bitcoin is crashing. There are a set of parameters that should be consider before doing that kind of strategy because a lot of investors have low winning rate and the waiting time is too long for this kind of strategy. That is why for short term traders like us, we prefer to buy in trending markets than to do averaging down to lessen the risks and also to follow my niche. I have low winning rate in accumulating in bottom so it is the reason why I don't recommend it for some traders or investors who want to buy while the prices are crashing. My mentor said that cheap price can become more cheaper price that's why I always be careful on buying at the bottom.

Many of us may not pay much attention to the price and timing when the price of Bitcoin is down. But when the price get bullish at one point there will be no end of regret. Bitcoin has been below $17K for a long time and has started to turn bullish again since last week. Maybe many didn't accumulate bitcoins before $17K hoping for more dip. Currently btc price reached $21000. This may not be good news for those who haven't collected yet. If it ever comes below $20k again then should buy as much as possible and if not I think the current price is also worthy to invest.