Quote from: amishmanish on March 15, 2024, 02:23:28 PM

The traditional markets are tanking everywhere so that generally shows up immediately in bitcoin these days. You can't really be sure that the price will not dip below this. Like always, the BTC movement leads to some sort of frenzy in some other unrelated area. The frenzy this time seems to be memecoins and L2 networks which are seeing mad swings, scams, pump and dumps.
Nothing really new here except the substantial positions that the ETFs have taken. Now we'll see the effect of truly mature speculation on the price because the institutional traders are going to do their thing on this big a scale for the first time. DCA'ing is still the best thing to do in my opinion.

Maybe do a few bulk buys as per your capacity by keeping a target assuming that you can wait for the ATH as well as take the L for sometime if it goes downwards.

Oh yeah I'm not saying it won't go lower. Obviously no way to know that, it could easily go under $60k in the next week or go over $75k. I'm saying the days of it being this low, or possibly lower, are extremely limited. Sub-$70k prices will be gone soon and may be back in like 18-24 months during the next bear market bottom but that's it.

Anyone looking to get in at low prices should be buying now. At most we probably have days or weeks at prices around $70k left before prices go higher, and then we may get a few months at these prices again at the bottom of the next bear market, though at that point most people will be too afraid to buy at these prices because people are always afraid to buy at low prices.

I just started buying Bitcoin again a week or so ago. I'm DCA'ing sorta, just buying small amounts whenever I feel like it before prices go above what I figure the next bear market will bottom at. Already picked up two small buys in the $67,000s yesterday, it just dropped back down there now so time for another small DCA buy.