Quote from: Greyhats on September 10, 2023, 09:24:01 PM

Quote from: superman184 on September 10, 2023, 03:14:28 PM

Quote from: Greyhats on September 08, 2023, 10:26:00 PM

This channel dip feels like 15-16k at the end of last year. Am buying deep into it atm

Buying at a price that is too deep will not always be good because you will not get what you want to buy. If you hunt for Bitcoin at that price this year I think it will be difficult for you to get it, but if you don't really mind buying Bitcoin at the $25K level and holding it while waiting for a higher price, I think that's quite logical and very possible for you to do now.

So don't waste your time waiting for a lower price if you have the ability to buy at the current price, because in my opinion the current price of Bitcoin is not that expensive and maybe the opportunity to buy at the current price will not come twice this year, Moreover, next year the price of Bitcoin is predicted to experience a much better increase than this year.

I think you are not understanding what I posted. At no point did I say I was waiting for a lower price. I was saying that this dip feels like the same buying opportunity that presented itself to us in the 15-16k dip. I’m allocating more buying $ at this level on top of any dca I’m doing.

Well I quite understand what you are saying my friend, basically every market participant has his own way to invest wherever it is. Okay maybe you are one of those who are always patiently waiting for significant bearish conditions to then open an investment, and well that is indeed quite good if you can patiently wait for the moment. Honestly, I'm not saying that's the case, and maybe most market participants will do the same thing, especially for long-term targets.

And yes I agree with the opportunity you said, because indeed now is the right moment to then buy or collect more bitcoin, we can see now bitcoin is experiencing a price correction and the price is now almost touching support a few months ago. So basically if indeed you have the ability financially to then allocate a little of your money for bitcoin then I would say this is the right moment that you can take, but well I hope you will use money that might not be at risk if it is lost, because as we know the market is very volatile so at any time you can experience losses if the market is not in your favor. You use DCA, I agree to this because I think this is a strategy that is more supportive of your financial condition and with DCA it is safer.