Bitcoin: Buy now or wait for another big dip?

[SOCOM]

For a decentralized asset, it moves pretty much like other indexes do, only it dumps further and more drastically. With more rate hikes on the way, people can claim BTC is a safe asset. Not really safe when people are struggling to live and selling everything they own. I expect further drops.

 

[Entexion]

Dollar Cost Averaging. Don't dump all your funds in at once.

 

[icrowd]

I personally started buying some alcoins. I believe that we bottomed down at 25k and the reversal started, but I can be mistaken of course.

 

[Salamouna]

Enter on different period
That's the best option for you

 

[ibrahimkekec]

I'm waiting for 18k.

 

[lotsofmoney]

From the performance in last 10 years, bitcoin future appears to be bright. But yu canot be 100 ℅ sure so do not invest all the savings there.

 

[Deleted member 1595020]

lets wait for another dip because we are on the way to bottom and then we get change to buy and i am thinking to buy at $20000 level

 

[DeadShot]

Buy high, sell low

 

[TomTheCat]

lets wait for another dip because we are on the way to bottom and then we get change to buy and i am thinking to buy at $20000 level

You should also have other bags prepared to go in when it reaches $6-8k.

 

[Seosavvy]

wait till it bottoms to 5k

https://investorplace.com/2022/05/bitcoin-price-predictions-will-btc-really-plunge-to-8000/

No way 5k ?

 

[siolio]

crypto is very volatile as it seems now, don't invest there unless you know what you are doing.

 

[Hagarman]

The price may drop even further because we are in a bear market. There are several global financial problems presently.

 

[icrowd]

I think that this crypto bear market won't be that severe, because now much more people are involved in crypto than before. Even my barber holds some crypto now, but last bull run very few simple people holded.

 

[blackbeans]

Wait for BTC's replay of its 2018 trading patterns.

If it doesn't crash 50% like in 2018, then it's a good buy at current levels - although it does stick to a narrow range between 28K to 32K currently.

If it does crash like in 2018, wait for the dust to settle.

This is hard to do since there will be many false surges (dead cat bounces) until it hits a sustainable low around 10,000 - give or take a couple of K above and under that 10K point.

If the crash does happen (probably in line with further interest rate hikes from the US Fed), it's anyone's guess when the crypto winter will last. It's a good time to ACCUMULATE BTC though.

 

[LuckyGamble]

I think bitcoin maybe finds bottom around 18-22K depending on macro , but things looks really and demand around 14K is really high it will bought with in minutes .

Yeah thats correct. In 2018 lots of people thought $6k was the bottom but then btc went down another 40% to $3500.

Bitcoin is available for $30k. Few months before it was available for $60 k. So current price is steal.

Yup but you probably can get it cheaper soon

Buy high, sell low

My only working strategy so far man! I've been applying it since 2018!

I would wait before any big crash and then invest. because as i see analysis, after crash the price goes very high. so i would say will await.

Yup

 

[TomTheCat]

Even my barber holds some crypto now, but last bull run very few simple people holded.

And this is the reason why everything will dump. Rich people don't want more rich people, otherwise who will cut their beards?

 

[BradyJ]

I will buy bitcoin when it reaches to $100 or so

 

[muratback]

I think it will be 20k, but 29k is good position for buying too