Today saw Bitcoin price making a new low after the peak. I don't think the falling in price is done yet. But in the near term, the price may be getting into an interesting area where it could turn anytime. I plan to pick up some at $8,500, $8,000, $7,500, $7,000, and $6,000 with a small position each. These are not meant to be long term holdings and I would sell them once I see a price bounce. The larger position that I accumulated before will not be touched.
It will be VERY interesting to see where the bottom is.
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Yeah I'm also waiting to see where it would be. But as always, it's very difficult to call out bottoms. I plan to accumulate as it falls.
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how can you tell where the bottom is?
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You can make an educated guess by looking at the charts and doing some analysis but it is not an exact science.
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I don't think you can and I don't think we have seen the bottom yet. Dollar-cost averaging is my strategy here.
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oh i get it- the temporary bottom until you're sure it'll go up again for a while.
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