Im constantly buying when Im able to. In a few years, the current price will seem like a joke. Anybody who isnt buying now will majorly regret it.
A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.
and also when the next all time high will be even though there is speculation of the next all-time high after the next bitcoin haven when that will be uncertain but since the block size and reward will reduce it a pointer that Bitcoin will become more scarce thereby forcing it to supply to be limited this will ultimately increase the value.
-talking about buying the dip, the present bitcoin price is still considered a dip price for many who are big bag holders and that are ready to invest in Bitcoin for the long term.
I present another debate. We may not know when the current bear market might last, BUT we know when the Golden Opportunities are to Buy the DIP, and HODL. We plebs have small/limited capital. It will definitely better for us if the time for Golden Opportunities are longer, giving us more time to accumulate Bitcoin.
I am not very comfortable with people cheering for down.. but surely, I cannot argue with the idea of taking advantage of down - to the extent that any of us is really capable of recognizing and appreciating that we are currently down... which I believe that we are currently down.. but there are a lot of folks out there expecting and hoping for more down.. which may well end up being their mistake if they are not ongoingly and regularly buying at these prices, even if they have tight budgets, like you are suggesting to be the case for a lot of people (I cannot really argue with that either)... There are some folks who can easily afford to buy $250 per week, but they may or may not be doing it, and there are others who might struggle to invest $100 per week, and there are even others who might really have difficulties to scramble up $10 per week to invest into bitcoin, so of course, any kind of ongoing and persistent BTC accumulation strategy has to account for how much cashflow can be made available to invest regularly, aggressively and without over doing it.. including attempting to appreciate if we are still in a dip, which surely many of us longer time bitcoiners do consider any prices near or below the 200-week moving average (which is currently slightly above $25k) to be low in terms of current levels and also in terms of historical BTC price levels.
-talking about buying the dip, the present bitcoin price is still considered a dip price for many who are big bag holders and that are ready to invest in Bitcoin for the long term.
Of course, $23K is a lower price than last year and also its last ATH.
We are still on a dip for 1 year TF where the percentage decline is still around 40%. Meanwhile, when compared to the last ATH, we are currently still on a dip with a higher percentage where it reaches 66%.
If you are looking to invest long term I think $23K is one area you can consider. Even if it's sideways, in my opinion the potential for short-term profit, for example for a 30-day period, is still very possible.
Agree with what you say. Even though in this case there are some people who say that it is starting to be high now, looking at the current price condition of $23k it is still very much worth it to buy even though some people might be waiting on the grounds of Buy the dip.
I personally still make my purchases and stick with the initial stance by continuing to buy every month until the price hits the new $30k I will stop there.
Regardless of whether there will be a decline or not I'm not too worried about it because indeed if there is still a decline it is also a blessing because I can buy more but if the price continues to rise then I will not waver with my choice until $30k is exceeded.
It seems fair to consider anything below $30k to be relatively low, but of course, what is "relatively low" is a moving target, so you have to assess your own personal financial and psychological circumstances in order to attempt to figure out if you have enough BTC or not... by the time we get to supra $30k levels, presuming that we get there. If you are a young person and you have an ongoing income, there still may be justifications to continue to buy BTC above $30k, and for sure, a lot of the matter also has to do with how much BTC that you have already stashed, and surely if you "over did it" then you would be more justified to "stop for a while", but some people run into mistakes because they stop too early or even that they start to sell.. which surely we are not really talking about selling in this thread... which selling does include different considerations including considerations that you have already overly stacked and are sufficiently in profits and perhaps a few other personal circumstances.
~Snip
Although a little late but it never hurts to enter at $23K, why did I say too late? because we know that before the current price increase, bitcoin had been hit by negative issues and the effects of an increase in interest rates by the FED, and causing the price of bitcoin to go down and even fall below $19K, but I actually see many of the members here are hesitant to enter the market at that time and many of us even believe that the price will go down more, but in fact now the price of bitcoin is actually returning to the bull path even though it's still not strong, but it's better to enter the market to buy bitcoin now and keep it for a period of time certain as you say before returning to regret when the price goes higher.
It's never too late, but maybe they weren't buying on the low end. But what's the problem, I don't think there is because you and others can buy bitcoins anytime and at any price you want. As much as possible, that's just the best advice I have to share, but you have to be hold it and accept the risk for your investment to pay off in the long term.
$23K is not too late, the reason is we are still very far from bitcoin's previous ATH where currently bitcoin still maintains its decline at -66%.
Well, also if any of us might be considering 4-10 years down the road or longer, then we should not be giving too many shits about the next ATH and the possibility of selling at that point.
Not that I am against selling BTC, but there can be ways to consider BTC investing in longer time horizons that go way further out than 10 years, and maybe 20 years or 30 years or more, but then at the same time, there is a balancing factor, and some folks may well NOT have that many years in order to consider how they are investing into BTC... and how much they might want to get worked up about what their level of profits might be in the short term.. even though there are likely ways that small amounts of BTC can start to be shaved off as the BTC price goes up, but without really selling large portions, but selling small amounts in order to attempt to improve risk management and to insure for possible downside corrections.. there are also ways to front load the stacking of bitcoin (which seems to be what several members here are suggesting) in order to buy BTC now on an ongoing basis and to buy BTC in what seems to be a dip in order that they may feel that they do not need to buy as much when the BTC price goes up (presuming that it goes up) so that even if they are not selling on the way up, if the BTC price goes up, they would theoretically be allowing their fiat stash amount to build up in order that they would have more cash to buy on dips, in the event that the BTC price severely dips in the future.