Bitcoin Dump Signifcant After Halving

[yohananaomi]

To me there is nothing to feel sad about because I already have the knowledge how the price is being manipulate over some times so seeing bitcoin dipping unexpectedly won't warrant me to start panicking over time, we know there are things possibly to happened which includes price increase or price decrease there not above this to happened. Whenever an investor already have this knowledge I don't think s/he will have to panic over the price rather would sees it as opportunity to accumulate enough volume of bitcoin to add to their portfolio.

It is unavoidable for those who continue to follow Bitcoin's developments that knowledge to continue to know more deeply needs to continue to be done, so that it is true, as you said, when a situation where Bitcoin is corrected or increased will not cause the situation to panic.because situations like that are something that usually happens and is done by bitcoin, and you just need a lot of patience and don't need to panic when you see that situation.
That's right, moments like that can be used to increase your savings by buying when the price is corrected or selling when you get a profit, which is continuously renewed so that you can achieve the main goal of the investment.

[legend45]

Depending on each trader's target, If they buy bitcoin at $20k and hold it for the long term, they will not sell it.
Even when the market is crashing, they will buy back to accumulate more bitcoin assets.

There is nothing better than the long run, no panic and still having spare money to buy.
Make sure the main price target is reached or when the ATH is just reached, which is everyone's main target.

Yeah, Long run is better than short.
Always good to hold for long term investment.
As you said If we bought bitcoin at $ 20K , We should hold until bullish season.
As many people predicted it will happen at the next year.
Better keep hold.
Don't panic, I agree with you.
If we are crypto holder for along time we know how crypto will go every 4 years.

[kent47400]

-What prayer did you say when Bitcoin touched the price of 22,400 USD?

DCA is my prayer for a much safer investment and of course I wish to have extra money to buy more during that time.

What does DCA mean?
Looks like I have heard DCA but not directly, can you explain DCA in my back topic?
I mean, what the DCA function is and how it can DCA can have an effect on Bitcoin when Bitcoin occurs dump.
Or can this DCA also be used when the price of Bitcoin Pump?

Do not be fixated on my ranking because I am in the Bitcoin section that I don't really understand how it works, transactions, trading or whatever is about bitcoin.
But I continue to want to learn cryptocurrency, including Bitcoin, Ethereum, Solana and various altcoins that have been scattered in various markets.

[CryptoLaila]

What does DCA mean?

Y do I feel like this some kind of bluff 
DCA is just  some kinda method use for investment for a long period  because  it involves adding over and over so its mostly applicable to a long term investment, I won't  say it in a proper way because I know you would have come across it several time on The BTT probably reviewing over will help else if not, Google is always available  for help

[BitMaxz]

What does DCA mean?

DCA means Dollar-cost averaging short-term DCA like kent47400 said above it is a long-term investment that keeps investing this is a strategy of some investors if you apply this to Crypto while the price of the coin or token drops you can buy and then hold if the price drop again you can buy again and then hold until you reach the bottom price of the coin or token.

Only sell the coin or token once you already made a good percentage of profit. If you want to learn more about this check this wiki "Dollar Cost Averaging"

[kent47400]

What does DCA mean?

while the price of the coin or token drops you can buy and then hold if the price drop again you can buy again and then hold until you reach the bottom price of the coin or token.
Only sell the coin or token once you already made a good percentage of profit.

If I imagine. Maybe I will write the conclusions like this below:

I have 50,000 USD then I bought Bitcoin in stages like this:
Buy Bitcoin Rate 43,000 USD with a capital of 1,000 USD.
Buy Bitcoin Rate 40,000 USD with a capital of 2,000 USD.
Buy Bitcoin Rate 37,000 USD with a capital of 3,000 USD.
Buy Bitcoin Rate 34,000 USD with a capital of 4,000 USD.
Buy Bitcoin Rate 30,000 USD with a capital of 5,000 USD.
Buy Bitcoin Rate 27,000 USD with a capital of 6,000 USD.

Until the price rate of Bitcoin at 27,000 USD I have ordained around 21,000 USD.
Is this what is called Dollar-Cost Averaging (DCA) in Bitcoin trading?
Or how do you think the conclusion is because my thinking is very narrow and difficult to understand what is the practice of dollar-cost Averaging (DCA).

[Stompix]

I won't  say it in a proper way because I know you would have come across it several time on The BTT probably reviewing over will help else if not, Google is always available  for help

Common, how hard it's to say that DCA means buying the same $ (dollar) denominated value of assets constantly over a period of time?
Was that hard? Or even far more simple, you invest the same amount of $ each day or each week or each month in an asset?

If I imagine. Maybe I will write the conclusions like this below:

I have 50,000 USD then I bought Bitcoin in stages like this:
Buy Bitcoin Rate 43,000 USD with a capital of 1,000 USD.
Buy Bitcoin Rate 40,000 USD with a capital of 2,000 USD.
Buy Bitcoin Rate 37,000 USD with a capital of 3,000 USD.
Buy Bitcoin Rate 34,000 USD with a capital of 4,000 USD.
Buy Bitcoin Rate 30,000 USD with a capital of 5,000 USD.
Buy Bitcoin Rate 27,000 USD with a capital of 6,000 USD.

Until the price rate of Bitcoin at 27,000 USD I have ordained around 21,000 USD.
Is this what is called Dollar-Cost Averaging (DCA) in Bitcoin trading?

No, you buy like this:

1st of January you buy Bitcoin with a capital of 10,000 USD.
1st of February you buy Bitcoin with a capital of 10,000 USD.
1st of March you buy Bitcoin with a capital of 10,000 USD.
1st of April you buy Bitcoin with a capital of 10,000 USD.
1st of May you buy Bitcoin with a capital of 10,000 USD.

So your average investment was 10 000 every month for 5 months!
The price of Bitcoin is irrelevant since we're talking about dollar cost average, what is important it's the amount in $ invested!

Your technique above is called "Averaging down" as you buy more as the asset is losing value to decrease the overall cost of your shares, since you're buying more at lower price thus increasing your profits for a potential bull-run in this case if your target would be above the starting point of 43 000!

[DaNNy001]

Depending on each trader's target, If they buy bitcoin at $20k and hold it for the long term, they will not sell it.
Even when the market is crashing, they will buy back to accumulate more bitcoin assets.

There is nothing better than the long run, no panic and still having spare money to buy.
Make sure the main price target is reached or when the ATH is just reached, which is everyone's main target.

Yeah, Long run is better than short.
Always good to hold for long term investment.
As you said If we bought bitcoin at $ 20K , We should hold until bullish season.
As many people predicted it will happen at the next year.
Better keep hold.
Don't panic, I agree with you.
If we are crypto holder for along time we know how crypto will go every 4 years.

I was blessed to have the opportunity to see Bitcoin low at the price of $19k and this was the period after Bitcoin had just reached the all time high of $67k then the massive dip came knocking and before you know it was wey down to 19k and sometimes even 18k and if anyone thought of buying Bitcoin that would be the ideal time and not only buying too, holding it is most important and if you would have hodl then I think you would up for some profits come this next bull season that is starting to show signs of coming

[taufik123]

-snip-
Don't panic, I agree with you.
If we are crypto holder for along time we know how crypto will go every 4 years.

It will be difficult to survive when you don't have a good strategy and management.
Some reserve funds will also come in handy when prices continue to fall.
For the long term, just have to wait and wait.

The current crypto development is quite good, we can see Bitcoin still staying at the price of $40k++ and this is a pretty good indication for Bitcoin to break the next resistance.
This 4th Halving will be the most anticipated moment, so the Halving moment to reach the new ATH.

[debra]

As you said If we bought bitcoin at $ 20K , We should hold until bullish season.
As many people predicted it will happen at the next year.
Better keep hold.

Whatever the price you bought your Bitcoin, you must hold it until the bullrun season. It is the time when the price of Bitcoin can increase significantly. All people are waiting for the time, everyone plans to take profits.

Bullrun season must begin from this year. There is Bitcoin halving in the next few months. This halving will trigger the price to increase significantly, then Bitcoin may reach its new ATH (its peak) in this year or next year.

[vegasus]

The current crypto development is quite good, we can see Bitcoin still staying at the price of $40k++ and this is a pretty good indication for Bitcoin to break the next resistance.
This 4th Halving will be the most anticipated moment, so the Halving moment to reach the new ATH.

Hopefully, this will really happen in After the halving to reach a new ATH of Bitcoin. Yes, at least we have gone through the phase that we were worried about yesterday, namely the Bitcoin ETF. Yes, although in fact it turns out it doesn't have a significant impact on market development because at the moment the market is falling very hard. but at least it's still around $40k up, which is still pretty good. At least we are given time if we have plans to buy Bitcoin at an even lower price.

The Bitcoin halving will occur in a few months and the possibility of a Bullish era may be in Q4 this year or in 2025 at the latest. so actually we still have several opportunities to prepare it.

[MrSpasybo]

Hopefully, this will really happen in After the halving to reach a new ATH of Bitcoin. Yes, at least we have gone through the phase that we were worried about yesterday, namely the Bitcoin ETF. Yes, although in fact it turns out it doesn't have a significant impact on market development because at the moment the market is falling very hard. but at least it's still around $40k up, which is still pretty good. At least we are given time if we have plans to buy Bitcoin at an even lower price.

The Bitcoin halving will occur in a few months and the possibility of a Bullish era may be in Q4 this year or in 2025 at the latest. so actually we still have several opportunities to prepare it.

BTC Halving has happened 3 times, and all 3 times BTC price quickly increased sharply and created a new ATH instead of creating a new bottom or continuing to stagnate for years. I believe this time will be the same: BTC price will accumulate for about 3-6 months after halving and then increase sharply to surpass $69K by the end of 2024.

Sell-the-news after BTC Spot ETF is causing BTC price to enter a correction, but this correction will soon be ended by Halving. Instead, billions of dollars worth of new money will enter this market and push BTC to new price range above $100K in 2025.

[Uruhara]

-What do you think, will you still continue to buy Bitcoin?
-Will you continue to HodL Bitcoin?
-If you saw the price of Bitcoin drop significantly to 22,400 USD, how would you feel?
-What prayer did you say when Bitcoin touched the price of 22,400 USD?

+You can say everything but this is my imaginations because Bitcoin price very volatile.
+See in the screenshot above, 99 days to reach Blockhalving, that's soon and that's my lucky number, namely 99!

Continuing to hodl bitcoin will definitely still be done by all of us who invest for the long term. But I personally don't know whether I will panic or become more greedy and accumulate more if the price of bitcoin falls further. But I hope btc can surpass the previous ATH before the halving occurs. And then form a new ATH after the halving.

[kent47400]

No, you buy like this:

1st of January you buy Bitcoin with a capital of 10,000 USD.
1st of February you buy Bitcoin with a capital of 10,000 USD.
1st of March you buy Bitcoin with a capital of 10,000 USD.
1st of April you buy Bitcoin with a capital of 10,000 USD.
1st of May you buy Bitcoin with a capital of 10,000 USD.

So your average investment was 10 000 every month for 5 months!
The price of Bitcoin is irrelevant since we're talking about dollar cost average, what is important it's the amount in $ invested!

Your technique above is called "Averaging down" as you buy more as the asset is losing value to decrease the overall cost of your shares, since you're buying more at lower price thus increasing your profits for a potential bull-run in this case if your target would be above the starting point of 43 000!

Goshhhhtt, I Got The Point!
I began to understand a little about the Dollar Cost Average (DCA), and there will still be many more questions for a combination of Bitcoin trade and the Dollar Cost Average (DCA) technique.

Looks like I have a problem with a capital of 10,000 USD to purchase Bitcoin every 1st of the following month.
If I buy until May 1 with 10,000 USD but Bitcoin is still going down in June and July, what should I do?
I mean, I have run out of capital to 50,000 USD but the price of Bitcoin is still down.
This Dollar Cost Average (DCA) seems to make me afraid to do it.

"Averaging Down"
I also just heard this trait trick and it seems that this Averaging Down is very friendly for me to live because it tends to fall the price of Bitcoin, the more I buy Bitcoin.

[famososMuertos]

In your context you mention "feeling bad" because the price goes down, it is something relative,in fact, we should always have our price with down projection,  on the contrary is always an opportunity to buy.

In the same way, no matter the price,  you have to buy, in the case  what to do , it is a mix of both, buy-sell, hodl.

I hope you update your OP, since there are fewer days. 

Ah!, "If you saw the price of Bitcoin drop significantly to 22,400 USD, how would you feel?": so, cool, I'll be buying.