Quote from: Felicity_Tide on Today at 07:17:00 AM

Quote from: Btcdeybodi on Today at 06:44:55 AM

Quote from: l99l on April 06, 2025, 08:59:38 PM

~snip

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

You can call it a blessing in disguise to some, while it's almost like a curse to others. Most people that once had spare cash must have probably used it up when Bitcoin was around $80K. Trump being trump, another opportunity has present itself, and they are not able to capitalize on this one, isn't that something to be sad about?. That aside, just like you've said, there is no bottom or specific lowest point that Bitcoin will drop to. This recent market condition is as a result of one man's influence and decisions that isn't going well with the major part of the financial market, so it will be very difficult to figure out the next time we will become very bullish(just like what we experienced in November). It was around $74K few minutes ago, can't see a better opportunity than that.

It's only a trader that will not see this corrections as a blessing since they are only after short term profits which means as the price is falling more, that is how traders are lamenting and some of them will even sell out of panic that the price may continue falling and not retrace. A long term investor has no business with how DIP the price goes, his only concern will be how to acquire more btc. Of course, the reason why i said we can't call any DIP price the bottom is simply because we don't know if the price will fall further or start increasing any time soon, so for someone who is looking for the bottom price, he can miss it if the price do not continue falling. I knew that since Trump's election was able to skyrocket the price to an incredible height, any decision he takes will continue to have impact in the price of bitcoin until he leaves office but that shouldn't trouble our mind because he only have a cycle to spend in the white house. We can still see a better opportunity than the $74k price correction but we should not hope that the price will keep decreasing and we have more opportunity to buy more DIP prices. Buy now if you have reserved funds.