Bitcoin Forum

Please vote. I will change my strategy according to results. I believe that we won't see already anything below 3130$ so we are already in a bull market.
What do you think? If we would see anything below 3130 so we would break 3130 and we would see a new low then I would do all in at 2780$.
Let me know what you think.
I have heard that some people BTC will be at 20$ come on. Wishful thinking. Anyway let me know what you think and why? Please vote.

I voted for $800.

Currently I don't consider any new buys, but if the price fall below $800, I will seriously think about few more Bitcoin. But I don't think we will see a such disastrous price anyway.

I hope so. I hope we won't see that. That would be absolutely devastating. Thanks for your vote anyway.

Buying any price now is all I can do. Will be incredible to see sub-1k, given that this was how it was when I first got in (2016). $800 would be more than 4x Bitcoin if buying today. Of course, I'll be spending more than 4x as much too... $800 would be disappointment, but far, far from disaster.


Oh don't worry, it's when people are devastated and the entire market is worried if Bitcoin will live and survive, that we can start looking up. I'm still waiting for people to actually give up, it's happening, but Bitcoin people are merely decimated now. We really want them to go into hiding first, then we can start rubbing hands with proverbial glee.

I started accumulating as soon as it dropped under $4000, and have been buying regularly ever since. Anything under $4000 is an amazing buy. No point in trying to get lucky and hope it hits some specific price which may never happen and then you miss out on the bottom. Buy now, buy often, and keep buying while its scraping along the bottom like this which will likely continue for months to come.

I have placed two buying other base on what happened.  One of the other is around $2800 and the second is when bitcoin break $3700 again as it has tried several times last month to recover above that level.  I think we are the time that we expect any of this two things to happen and that was either we go up or price crash down any of this is expected to happen.  Investors are also waiting for this to happen.

$2700, as $800 seem to be a bit too extreme for the current market conditions, though even the former seem to be somewhat far-fetched today. Right now, I'm commencing my buys whenever the price reaches $3300, just to at least average down my buys which started @ $6000 at the latter part of 2018. It's a pain, I know, but somehow I still believe that this market will still recover. Whenever I have the spare cash, I buy, I hold and just hope for the best.

I've voted $2700, I don't think we can go lower than done. It's going to be lots of temptation as well for newbie investors to enter the market again once they see this price. It's so cheap and you don't even have to bought 1 BTC right away. You can try small portions but it will be huge when the price starts to pick up in the 5 digit mark.

you should seriously reconsider that. aligning your trades with random poll results sounds like a great way to lose money.

i'm not reentering longs based on reaching a price level. i want to see bullish price action. i want to see a classic market reversal. i don't mind buying higher; the risk of trading either direction is pretty big right now.


why would you say we're already in a bull market? all the lower highs and lower lows? the utter lack of buyers? :P

Seeking for others advice is good but you still need to do some deep research before you can really rely on the result because we are talking about investment and a slightly mistake in crypto can cause you a fortune.
With that been said, I dont see any reason for the market to dip below the previous bottom price because the market look strengthen and resisting to dip in price. Besides, the market look green today and with this bull run can happen i.e if the market continue resist the dip in price.

Changing your own strategy just because you will read some majority of suggestions will just make you more confused. Not all trading experts, charts professionals, crypto price watchers surely will post here.

At least try to trust your own judgement and ability to make a certain strategy. This is how it goes, with the current price rate, everyone will say they consider the level as new entry point because judging the price behaviour in a while, the price didn't move that much. But other speculators is seeing the price will goes down more since they have their own analyzation.

Now who will you believed? Are these speculators does have a good analyzation. Let's say yes but how come can it happen? What's the percentage? When it will happen?

What Im trying to say here is, you can have all the speculations as reference but not to the point that you rely on it.

If I say my new entry point is $4,500 will you consider that? Make sense mate.

Really? So you're just gonna trust a bunch of random users on the internet? You're gonna leave you're strategy entirely on the hands of complete strangers instead of doing your own research? That doesn't sound like a smart idea.

I would go with 2700. 4.5k is just too much, especially when you have the chance of simply buying right now, the price going to 4500 means that we would break the previous resistance level at around 4.1k, and at that point, we could go even higher (who knows, maybe it means a reversal?) so you'd be fomo buying to not miss the train. I doubt we'll see 1800 or sub 2k ever again, same with 3-digit figures like 800, and $20 is just absurd tbh.

So 2700 is probably the best choice from the options in the poll. A lof of people still believe that we could go further down to finally find the real bottom so, if we go sub 3k, I would probably set some orders around 2.7k

If we hit the low $2,000s or upper $1,000s I'll definitely close any open shorts, and I won't be looking to reopen them for a while. I don't intend to put any more fiat into the market, so that's the closest I'll get to buying into a crash.

As far as accumulation goes, I'd rather wait until the end stages of an accumulation phase (several months down the road). The highest risk/reward entry of 2015 was in mid August - mid October. In mid August, we saw a clear bear failure and spring-like action. It was a clear buy. That's what I'd like to see before putting new money in, or switching my trading bias to the long side.

why would you say we're already in a bull market? all the lower highs and lower lows? the utter lack of buyers? :P
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We haven't seen new lower lows. 3120 $ still holds. So far so good 2700$ leads:) Hopefully we will skyrocket from here and we won't see 2700$. I want to see bullish price action too trust me!:)

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Seeking for others advice is good but you still need to do some deep research before you can really rely on the result because we are talking about investment and a slightly mistake in crypto can cause you a fortune.
With that been said, I dont see any reason for the market to dip below the previous bottom price because the market look strengthen and resisting to dip in price. Besides, the market look green today and with this bull run can happen i.e if the market continue resist the dip in price.
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Thanks. I do hope that the market will continue to resist to this mega dip. I have already invested a lot. I have done lot's DCA during the whole bear market, so this experience cost me already £40k already.

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Changing your own strategy just because you will read some majority of suggestions will just make you more confused. Not all trading experts, charts professionals, crypto price watchers surely will post here.

At least try to trust your own judgement and ability to make a certain strategy. This is how it goes, with the current price rate, everyone will say they consider the level as new entry point because judging the price behaviour in a while, the price didn't move that much. But other speculators is seeing the price will goes down more since they have their own analyzation.

Now who will you believed? Are these speculators does have a good analyzation. Let's say yes but how come can it happen? What's the percentage? When it will happen?

What Im trying to say here is, you can have all the speculations as reference but not to the point that you rely on it.

If I say my new entry point is $4,500 will you consider that? Make sense mate.
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Thanks. Well it is an interesting and important data this poll result for me. 4500$ would mean that we got a little mini bull run and you would re-enter into the market due to Fomo and that point would be 4500$. This is what I meant under 4500$. I have already invested a lot at much higher price points as well..........So I am pretty happy if this will just skyrocket without any further dip.

What was the situation in 2015 mid August- October? I did enter first into the market around late February , early march 2018. At the worst possible time:)

Patience! Between June and early November 2018, there were no new lows. But the price suddenly crashed anyway.

We need more than just a month or two without crashing. We need a bullish price structure; we need buyers pushing the price up to new highs. In July 2015, we broke the bearish structure with a higher high (1-week candlesticks). The bull market was confirmed in the following October with another high.

That's the type of action we need to confirm the end of the bear market, which is why people say you can only see the bottom in hindsight. Otherwise, the bottom could be $2,700. Or $1,800. Or $20. Or $0.......

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Patience! Between June and early November 2018, there were no new lows. But the price suddenly crashed anyway.

We need more than just a month or two without crashing. We need a bullish price structure; we need buyers pushing the price up to new highs. In July 2015, we broke the bearish structure with a higher high (1-week candlesticks). The bull market was confirmed in the following October with another high.

That's the type of action we need to confirm the end of the bear market, which is why people say you can only see the bottom in hindsight. Otherwise, the bottom could be $2,700. Or $1,800. Or $20. Or $0.......
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I got that, but I don't like that if I can confirm the bottom only 6 months later by the time of the confirmation it is already too late;)

Were you are around when btc pumped Thanksgiving 2015 from $200s to high $400s in then dumped back to low $300s then became steady in $300s? this all happened in like a fucking day, and in hindsight was clearly the  start of a bull market. What's happening now? I agree with not.

2700 is my choice, 2500 to be more accurate but it's not in the options. If bears manage to break the 3400-3200 barrier and prices went down to 2500-2700 for a weeks or more, I would buy 3 more bitcoins. I'm ready to try another game - if bitcoin fall under 2700, ether will take ever harder hit and I will jump there 1000% because it will recover faster than BTC.

why would you say we're already in a bull market? all the lower highs and lower lows? the utter lack of buyers? :P
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Were you are around when btc pumped Thanksgiving 2015 from $200s to high $400s in then dumped back to low $300s then became steady in $300s? this all happened in like a fucking day, and in hindsight was clearly the  start of a bull market. What's happening now? I agree with not.
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These were happy days:)

exactly---that's what i want to see before concluding the bottom is in and a bull market is coming. higher highs, panic buying. once we see that kind of bullish price action, we can go back to "dip buying mode". easy money.

until then, price can get sliced in half again and i won't be surprised.

My entry point is at $3200, $3000, and $2900-$2750. That is the low price I will place the order to buy. Although I don't expect to see that low price, it could happen if the market is full of the panic trader to see the price is down for more. But I hope that after bitcoin price reaches $3000, it will bounce up to $3300-$3500 and stay at that price for a while so the altcoin can increase higher. But lets we wait what will happen later and let's buy bitcoin at the low price.

Some people predict this year bitcoin will never be 3000 below but as this is predictions then possibly they will wrong and my entry point should be between range 2700 - 3000 because in my view this is the right time to buy again and 800 or 20 is too low even i was highly doubt the price will be down at 2000 below this year

$20 for bitcoin will make this market die and for sure we will not go lower than $2k again. So if there's a chance to buy bitcoin on $2,500 - $3,000 again I will buy more because I know its already the dip level and for sure more investors will buy on that level and expect to make profit. For now, I'm saving some of my money so when we saw another bottom, I'm more prepared for that.

There is no need of an entry point when one has the knowledge to make use of the price variation taking place with time. It is good to learn about the market fluctuation and then just try to buy low and sell high. For the same there is no need for a wait to buy that low and hold with patience to profit big in long term. Because we don't know when the market recovers or goes downwards.

Good point. Well, yeah. I supposed to save and earn now in the casino. I have just lost £850 in the morning. It is about to time earn big time. Next time I am more careful:)

you should never change strategy based on what other people tell you. specially not based on something as vague as your poll here!

if you really believe that then you shouldn't be wasting time and you should already be accumulating regardless of what others tell you.

not necessarily. we may see a manipulation attempt to lower the price but it may not last there and we may instead see a shoot up instead.

that is exactly my first point here. you shouldn't care about what others say, most people will either troll you like the $20 or give you their wishes!

So what is needed then?:) Probably to buy Yggdrash now.

This is exactly the market mindset that causes rallies. Everyone expects one more low (meaning they've sold and are waiting to buy back). When that low never comes, everyone is piled on the wrong side of the market and starts buying back in. Price rises, creating a feedback loop as all the former bears start getting squeezed and chasing the price higher.

Too bad there's only 14 votes. I'm not sure it really reflects the larger market.

Theres no definite value i will turn again to market. I admit that for now, ill.just buy and hold because thats the best way to do, but as long as the market will conswcutively rise, i will start again. I guess 1 to 2 months consecutive will do. Cant wait to play the market again. Its one year above now.

This is exactly the market mindset that causes rallies. Everyone expects one more low (meaning they've sold and are waiting to buy back). When that low never comes, everyone is piled on the wrong side of the market and starts buying back in. Price rises, creating a feedback loop as all the former bears start getting squeezed and chasing the price higher.

Too bad there's only 14 votes. I'm not sure it really reflects the larger market.
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Wait, I don't want lower lows, but I admit that the market expect lower lows. Hence I didn't sell anything. I hold all of my coins. I love to hold, however this cost me a fortune in 2018.

Theres no definite value i will turn again to market. I admit that for now, ill.just buy and hold because thats the best way to do, but as long as the market will conswcutively rise, i will start again. I guess 1 to 2 months consecutive will do. Cant wait to play the market again. Its one year above now.
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One year above? What do you mean? One year ago Bitcoin was lower?:)

Please do not delete the opening quote tag [quote author=###] and the closing tag [/quote], you've turned most of your replies into a misleading mess.

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Anyways, if day trading is what you meant by "Enter the market", any time is good as long as the Exchange of your choice has enough liquidity. The base price isn't the main profit generator here, it's the volatility, unless your starting budget is pretty low.

If it is Hodling.... uhm, yeah you should wait for a lower price, ready your fiat and be updated to the latest news in case of a possible hype.

is there a price that would make you give up and sell everything? like, if we dropped to $800, would you still believe in bitcoin and keep betting on it?

i honestly can't imagine buying at sub-$1000 and i'd probably be really pessimistic about its future at that point. bitcoin has had 3 distinct bubbles: 2011, 2013, 2017. it's never crashed below the high from a previous cycle. breaking below the $1200 area (the 2013 high) could mean the long term bull trend is over.

your fault is that you think there is some sort of "consensus" when it comes to market and if people say some value, or vote on your poll then they are really aiming for that price but the reality is a lot different from that.
many people around here are greedy and are waiting for the drop to happen before they buy, but the problem with greedy people is that their greed doesn't just go away because of a drop. it stays because it is their personality. so if price drops to $2700 they won't buy, they wait for $2500 and if it drops to that they wait for $2000 and so on.
these people don't shape the market though. they are irrelevant because their participation in the market is only when the price has started rising and has gone up already, then they panic buy.

Fair point. Yeah. I would never sell Bitcoin or my alt coins (Yggdrash for instance at this low). According my principal I would do all in at 800$. I got nerve of steel. All or nothing. Thanks

Fomo?:) Yeah. Everyone is greedy to a certain extent. Obviously too much greed is unhealthy for you. We need to find the balance. It looks like 2700$ is a well balanced entry point. However I do hope we will go up from here where we are. Go altcoins, Yggdrash and Ether and Bitcoin and whole Crypto world.

I also have very big doubts about the fact that the price of Bitcoin can drop below 3000, but in any case I prefer not to risk it and keep my coins in a cold wallet. such fluctuations as now simply do not disturb me at all, these are too insignificant price movements so that they can make me move my coins to the exchange and start trading.

I'm with you bro, if bitcoin gets to $800, I'll consider doing an ICO for my project, hopefully, it would be sustained long term, as I think that might be the ultimate bottom. But, hey I could be wrong, the market has a way of proving one wrong.

There is a high possibility that it will drop below 3000 so, expect that there is another bottom again. Good choice of you to store it on a cold wallet since it is too risky to bring it up, you might want to sell it all without considering that there will be bull run waiting for you.

I don't think $800 would be the last price or something but it is more likely nearer to that.

I've been buying gradually and dollar cost averaging ever since bitcoin hit $4k, a few times a week to spread the risk.

So my average entry point for the coins that I bought during this is probably around the high $3k figures, and I personally think that is very close to the bottom. The fact of the matter is that you cannot time the entry points completely correct, which is the reason why dollar cost averaging will make sense in these bear market situations where markets aren't rational but rather panic dumping. Instead of placing all your funds in one buy order, you are averaging out the buys over a period of bearish times which will be extremely cheap in the long term.

Some people are obviously still waiting on prices to go lower. Personally I don't see it dropping below $3k for any extended amounts of time because of the newly found demand in institutional investors, and the progress in the network that has been made. All that has been negatively affected between the 2017 bull market and now is the price, and this is certainly a very good accumulation point in the grand scheme of things.

I wouldn't worry about breaking $1200. The price is almost 3x that and has been stable (in the 3000s) for almost 3 months now. Compare 2015 to the past few months, we are at the same stage of the market cycle: scrapping along the bottom for an extended period of time until all the people waiting to buy in lower realize that lower price is never coming. The likelihood of some traumatic event occurring that destroys the future of Bitcoin is extremely low. Any price point in the 3000s or lower is a great buy.

My point of entry is: every time I get a paycheck, starting when the price dropped under $4000 and continuing for a few months longer still.

This exactly.

I've been doing the same since it dropped under $4000. Hoping for a specific price is an awful strategy as it involves getting lucky. Cost averaging the bottom is the way to do it.

I've just been putting whatever extra money I have into Bitcoin when I get it since late november. I made a couple of "high" buys at around $4200 on that first pump up in case it ended up settling in the 4000s instead of the 3000s, but all the rest have been in the 3000s. I made a couple buys in the 3100s, and lots of buys in between. My average buy price these past few months has been $3476. Pretty damn good if you ask me!

I certainly think it could drop below $3000 at some point in the next half year, but if it does I'll be buying! I could also see it not going under $3000. The thing about cost averaging the bottom is that I could care less where the bottom is! If it drops lower than I thought that's great, I get to buy in lower than I thought! If the price moves up to $4000s in a month and stays there that's great, I already got in a few months of buying in the 3000s!

We know that Fidelity is opening up their custody solution for Wall St in March I think it I read, and if BAKKT gets approval soon for its bitcoin exchange, and if Nasdaq or Goldman Sachs and whoever else on Wall St that's working on bitcoin services gets theirs up and running in the next few months I think a drop below $3000 is very unlikely unless it happens in the next month or so.

Well, I didn't vote at all, because there is no an option for my taste. My plan is to not buy bitcoin at all. My last investment burned just because of I also thought the bottom came and I do not wish to take a risk anymore. My plan is to accumulate as much coins as I can by doing different things and to sell them all when the price will satisfy me.

Nice. What is your project? Well, I don't think that we are going to see 800$ Bitcoin price ever.

Amen.

Alright. How can you accumulate without actually buying any of it? I got you, hence I said I will invest only now below 2800$ otherwise I don't pump any new money into the market.

The sideways ranging in 2015 happened from January to October. That's like 9 months. By contrast, we haven't even been trading for 2 months since the last low. 7-8 weeks of sideways after a crash is what most people would call a bearish consolidation. It looks nothing like 2015 yet.

I admit what you're saying is possible, but you're talking about it like it's set in stone. I would give it 6+ months before making that sort of prediction.

If it does turn out like 2015, then there's still lots and lots of time to accumulate while prices are low. There's no rush!

many say if the ETF will be approved when the price of bitcoin reaches 3 digits, in my opinion there is still a possibility that the price of bitcoin will drop to $ 800. now the market conditions have not improved and frustrated many investors.

well i respect the balls of steel attitude. i hope it works out for ya.

the thing about "weak hands" is a lot of them were once "strong hands" first. it's a bias that new investors have. they held through crash after crash after crash until finally they gave up and capitulated.

so that's something to think about. do you have truly strong hands, or will your resolve weaken over time? that's the eternal question for value investors who are sitting on losses. ;)

if the price of bitcoin falls to the price of $ 800 it seems that it is not possible because it will certainly have a negative influence on the price of other cryptocurrency so I prefer the price of $ 2700 and in my opinion it is the lowest point in 2019.

$800 will be too deep for bitcoin price to get down, and I am not sure that is the deepest price of the fallen. I only hope that the price will not go down too deep and even if the price is down, it does not reach less than $3000 so the price can bounce up in a short time. But still, we don't know for sure, and we could only wait how much the price will go down.

Well 2.7k and below would already be a very good entry if it even goes that low. I think just around the 3k area would already be a good point to start buying since a few hundred bucks wouldn't really make that big of  difference if, for example, bitcoin hits above 5k by the end of the year. 3k and lower would be very profitable already.

If it does turn out like 2015, then there's still lots and lots of time to accumulate while prices are low. There's no rush!
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No rush really? FOMO will start on Monday.

Wishful thinking. You and probably many people will join the market in Fomo buy pretty soon. This is how the big players have designed this. From 20000$ to a drop to 3120$ was already significant enough. Also the Bear market won't last forever.

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well i respect the balls of steel attitude. i hope it works out for ya.

the thing about "weak hands" is a lot of them were once "strong hands" first. it's a bias that new investors have. they held through crash after crash after crash until finally they gave up and capitulated.

so that's something to think about. do you have truly strong hands, or will your resolve weaken over time? that's the eternal question for value investors who are sitting on losses. ;)
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I would always hold, common sense. Why would I give my coins to anyone for so cheap?:) It doesn't add up. Why would I sell at the bottom of the bear market? I sell on the top of the bull market. Simple. See? I did many mistakes such as buying at the worst possible time  many times, such as 1100$ Eth price and so on. I did invest into two scams and also I did DCA during the whole bear market. This cost me so much money. However I have never made that mistake to sell low. I won't do that. I did enter around late February 2018. So I am on the market nearly a year. So I am new, but in the Crypto world 1 year experience, nearly one year is not really new:) Soon I will be an ancient investor. For all the people in Tether and in Fiat, they would like me to capitulate which won't happen sorry guys. You are going to enter into the market in a Fomo buy pretty soon. Sorry man. Check the market by the way. Probably 4500$ entry point will get some more votes.

Well 2.7k and below would already be a very good entry if it even goes that low. I think just around the 3k area would already be a good point to start buying since a few hundred bucks wouldn't really make that big of  difference if, for example, bitcoin hits above 5k by the end of the year. 3k and lower would be very profitable already.
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5k is easy by the end of this month.

Oh let's start another episode, you can create another thread with title: "$ 3500 is the bottom?", Because the price has risen again to more than $ 3600 and all news channels are wondering where the price goes?

Newsflash: Bitcoin Price Smashes Past $3,700, How High Will it Go? (https://www.ccn.com/newsflash-bitcoin-price-smashes-past-3700-how-high-will-it-go)

in the next days it will be very interesting


definitely we will not see this price

It is crucial that the 3120$ holds. From now on we need a bull run.