Bitcoin Forum

BTC Bitcoin price is now in ATH( ALL TIME HIGH). Now its price is super hype. Lots of people now should be want to trade or buy but i recommend everyone to be careful at this point. Now this is the point where anything can be possible it should be up or it should be down. That is why this is a very risky point if you are a trader you have to think very much before take a step. And i don't recommended any one to buy bitcoin at this point now its a time to price down. Just wait sometime to price down then but this is not the right time to buy. And don't buy when the price is already high. And traders try to trade in a stable point because its a too much risky point. I hope everyone understant it. If you think i am wrong then suggest me to the right point or if you thought i am right then i want all of Your appreciate. Thank you everyone

Do you find this dangerous?
Bitcoin is now at its peak and most people around the world are now looking at this king.
So you have to enter this market with more knowledge

The only dangers are those people who take this opportunity to create some fake hype about their fake project or some scammers who use the good news to lure some innocent investors. Nevertheless, we should be aware of those kinds of people and also we need to have some proper research before investing in some project in this situation. Most of the people jump to invest when they see this kind of scenario in the crypto market, that's where most people regret the last 2017 bull runs.

Recently I got paid for a bounty I participated in and I told a friend because my thought is to sell it before it got dumped again but he advice otherwise saying I should keep as the price will definitely increase soon. Most people this year after all the pandemic did not see Bitcoin anywhere around $20k but lo and behold it's above it. Trading and Investing in this market needs a lot of thinking before taking any steps.

if the price is above $19800 then you will not have a big problem buying over $19800. Why do I say that? because next year it will go into global operation what paypal promised and I think it is for this reason that the price is rising a lot, because it is approaching next year and people have already analyzed that if in the USA paypal is in great demand, then imagine when everyone who has 26 million customers that paypal has started to expose themselves to bitcoin? the price will increase a lot, so everyone knows that it is impossible for the price to fall below levels below $15000 or $10,000... we will not see these prices anymore.

He just want to point out the possible correction since BTC is already at it's peak, No one knows when will this price trend but we are certain that the price will correct at some point. I don't find his point as negative because he is just stating a warning for buyer that will enter right now because we all know that hype and fomor is strong during the peak of BTC which might result to huge loss once you didn't set a stop loss.

That's why we need to watch the chart so that we will get hint on what will be the next move of bitcoin so that we can possibly earn or minimize the damage if something huge dump will came in future, We should remember that we shouldn't buy on the hype but if we want to earn then its a perfect opportunity to us to do a short trades since bitcoin is quietly gives us a good chances to earn since the price of it crazily pumping up right now.

I really think the OP has a point it's really dangerous to buy at peak since anytime it may crash down but there's a lot of speculation that the Bitcoin will go even beyond $100,000 which is really too good to be true but I'm hoping about it too. Well it's just a matter of taking risk for an investor.

This was the time when veteran hustlers are entering, they target new comers and grab what they can and after that lost in an instant. Hope this time around is different with more caution and more knowledge. There are lots of good folks out here giving tips on how to overcome this and avoid things being hacked and hijacked. If I remember correctly the alts projects that would grab this opportunity would be the ones who will surely put their coins to exchange in order to sync with the hype, I experienced a lot with this kind of scheme.

Be careful with what? You are free to choose to sell Bitcoin now or later. Nothing new.

Buying at ATH is a risky idea for sure because there's a good chance the price will go down eventually. At for traders, now is probably a good time for them since they play on fluctuations which occur all the time, and Bitcoin is very volatile these days. Plus it's probably easier to trade in the bullish market than in the bearish one because it's hard to lose if the price keeps going up.
What about selling? The price is very attractive, people might decide to cash out.

being vigilant is necessary, but for now, do as much as possible and take advantage of the current situation. bitcoin will not weaken easily. we are currently facing large inflows in any market. Of course investors are taking all the profits now, and diverging a few percent to see the 2021 move. Be aware that all possibilities always happen suddenly ..

Yeah buying at the top is not such a good idea, what happened to those who bought at 20k could happen again and it will take another 3 years or so to reach another ATH for them to be able to sell, at this time, it looks very tempting to get in but it could also be a trap, better to wait till next year and see if price will keep up or dump like before.

I agree that, right now, you should be careful, take your gains, just to be sure. I think what happens right now is a hype and i pray that it's the big investors that are comming in right now that take the loss when the downturn begins.

In the long run, however, this looks different. There are three major factors that will contribute to a massive and REAL increase of value.

First is simply the deflationary nature of bitcoin as "currency" (it's really a very abstract payment service/financial asset, but you can treat it as currency).
Second is the fact that we are still at the beginning of the implementation of bitcoin in the general goods and service market. It's unfortunate and embarrassing that in the beginning the first major people and organisations that accepted bitcoin were drug trafficers and people selling child pornography or other illegal goods and services on the darkweb, or people committing tax fraud. That is where the actual real economic demand came from, but it was foreseeable that people won't simply stop doing it, because... well, people are terrible.
The adaption of bitcoin by more and more regular market participants, however, will change that dramatically. It WILL stabilize the real actual demand and it will increase the price dramatically, as bitcoin can only deflate.

What i am not sure about, still, is the third factor, which is the huge input of capital investment into the market, as you see right now. It creates kinda good opportunities for miners big and small and enthusiasts speculating with the coin, but is far from a responsible investment for people handling other peoples money. And i am not sure what they are trying to do with these assets, particularly as they are buying in so late and at such a high level.
It could be very well possible that, because of them, this hype will still go on because of them, but what they do smells fishy to me and i hope the big investors come crashing down. But that's just my own reservations against those people, as i despise the unproductives.

As i am just starting out to mine on small scale, i actually hope for a big drop in price, so the difficulty level goes down with the hashrate just until i can cash in on a little share of the next hype tax free after two or three years.

I agree to this, there's just so many scammers in twitter, telegram, facebook, and even discord right now due to the ongoing all-time high breaking of Bitcoin.

During 2017, scam ICO and Bitconnect was the reason why people regretted buying Bitcoin. Right now, there's no large scale pyramid scams going on that could be a comparison to Bitconnect so I don't think 2017 dump will ever happen again and we might even reach $30,000 easily due to hype and support of large companies.

I agree that this is an important time for BTC and traders alike. While it is best to remain vigilant I still think that this is not the end for BTC, and that it could go even higher  :o

At the same time with BTC reaching its ATH I think that it goes to show again that you should never sell BTC. Always buy BTC but don't sell, unless you're a good trader and can recuperate your BTC easily.

Every body have to careful with the bitcoin price because the price is not stable. before making decision on how to disburse it you to thing very well look at the time you want to disburse off. some do not know to use bitcoin so such kind of people have to be very careful in using bitcoin.

Price can fall to $15000 but if it falls to that price, it is a confirmation for a new all time high for bitcoin. $50000 for one bitcoin after that pull back and retest of $15000 support. I admit with you that I don't see the future with bitcoin stays at $10000, just to be honest.

Yes, you are right. One needs to be very careful with the trades now. Therefore, I start selling in parts once ATH is reached. This has proved a good strategy where we minimize risk and regrets.

A correction has a huge tendency to indeed occur because there is a high rate of increase in its price  at this moment, which is evident from the past. The market price will continue to increase? It might be and it may not. The only thing we could hold with is the fact that there is a limited supply, and demand could be triggered in the future which will make its market value higher. But the question which comes to my mind is regulation. Will the supply and demand be still considered if something is already regulated? This I think will be the conflict to the assumption that the market price will just continue to increase as years are passing by. I mean, other investments which are regulated are still having price increase, but we are talking about a decentralized digital currency so there are factors which might make difference.

The warnings are sound, given that criminals would likely use bitcoin for their leverage now that it is taking the limelight right now and most are surely blinded with the gains it has posted for 2020. Apart from that, most people will surely experience FOMO, thinking that the train isn’t going to be stopped soon. Just remember that in bitcoin’s history, crashes are almost normal during these times, so do not be urged to buy just because others are having a good time. Assess the risks and the situation first before pulling the trigger.

That was also what I originally thought, 2 days ago my friend wanted to try investing in bitcoin when it was under $19.5k. I forbid her which I thought was too high to buy and the price will immediately correct like a few weeks ago. Now I have no words for seeing reality.
In conclusion, any time you can always start with the consequence will be waiting longer to sell in case the price drops.

Non availability of any resistance that can trigger a price Action which the price could settle for a retracement or pullback  is strong signal that the price can dump massively just like the event in 2017 when bitcoin reached all time high, this is indeed a sound warning from the OP so that many investors wouldn't be caught unaware of any dump of course history repeat itself, I am sure a lot of speculations now is that price will reach $50K or $100K thus a lot of investors or hodlers will be carried away with this kind of predictions while some clever trades will take partial profit now in case of any eventuality of the price dumping.

This sound like a good warning, I remember during the hype in the year 2017 that I bought at 17k, I waited for nearly 3 years before getting anything out of it, although I am a newbie then, just jump into the HYPE. My case now is once beating, twice shine, I am more than careful and always stick with the trend of chart movement.

This is not normal dude.
BTC’s current price is really high and there isn’t any guarantee that it will keep on rising.
That’s why the OP was warning with the price of the coin.
I could also advise the same don’t buy BTC atm, wait for sometimes till it crashes. Else you gonna face losses.

Hi
I did loose a lost in 2017 when I decided to save my bitcoins and had to encash in emergency back when the price went down. If I would have encashed and brought in January - Feb , it would have been more then amazing to see the gains in 2020. This is what I always think. There is always going to be a regret on what you must have done and what you should do but at the end of the day if you are intellegent enough you will either encash when the price is at its peak or you would either trade.
Someone told me that you should never buy when the price is climbing and this high but 😂 I do think I will try and use some of my savings for this indeed. See we don't know what's going to happen. Many investors , companies , firms , they are all trying to make the best use of these cryptocurrencies now a days and therefore the money has been pooling in so I do believe you should be very careful with whatever you are going to go since no one can know what's going to happen next. Literally no one ! At the same time we should always understand that bitcoins did drop 7% hours after reaching the all time high that means a number of people are now encashing and waiting for it to drop more. This is not scary but really exciting , if you play your cards right you can get a lot of profit.

He only want to suggest to enter only when the market is stable , unlike right now that you don't know what will be the next move of bitcoin it may up or down . Even analysis hard to predict what will going to happen in Bitcoin thats why other traders move to other altcoin for short trade instead entering this Bitcoin market in today price .you can get stuck and go lost if you are not careful  with your entry point.

I would agree with you that some of this all time high pricing is hype, but much of it is not.  Not to mention, hype is something that may not be tangible, but it is real, and it's often what leads to many traditional investments such as stocks like Tesla, to go much higher. 

The truth is you, myself, and everyone else has no actual idea where the bitcoin price is heading.  You say not to buy right now, but the fact is it could be the lowest it'll ever go.  I honestly don't believe that, and think it will come back down a bit..but to advise others is risky business when you don't know for sure.

The bullrun just started, it may drop back to at least 18K again but will keep pushing up until it breaks another ATH, its really just too early to warn people about the bear market that will come. Lets wait til the price of altcoins also rocket if not then this is still the most early phase. There could be some hiccups and some dumps going to happen along the way but rest assured the institutional investors are coming.

OP is just reminding us to be careful right now who knows what might happen next.
If you have been around before 2017 ATH you would also feel the same way.
We don't know how much it could rise we don't even know when it would fall or have a correction so we should really be cautious about it.

That is precisely why it is dangerous, I am happy we are seeing a new ATH but whenever we see something like this there is always the possibility that there is a reduction in the price just when you buy and it is going to be very difficult for you to take a decision at that point, because if you sell then you get out of your position relatively quickly with losses but if you keep holding your position the losses could accumulate, the safest option is just to keep whatever bitcoin you are holding now and not let go of it.

I was trained by the market in 2017  ;D
So, I think I could handle it better compared to what I did in that year.

pro:
massive adoption (Paypal)
big institutions jump into this space.

cons:
we still have 140K-150K BTC from Mt.Gox that can be dumped to the market drastically.

The next few days for BTC will be very interesting as the market now is extremely hot, I think big scale investors are filling their bags as the demand is increasing.

Those who are planning to buy for long-term can make entry anytime but for short-term buyers it's highly risky and I would suggest not to buy at this point of time people are encouraging the market so I believe this pump will work for few more days.

You're one of those people who are always afraid. When Bitcoin was trading for 5000 early this year you were probably thinking that it could revisit 1000 and recommending people to wait and see. Now that it's above 20 thousand you're also telling people to wait and see. For some people, like you OP, there will never be a right moment.

If it would fall from here back to 15 thousand would you buy? Probably not. You'd think that it's the end of the bull market and that we should wait for the bottom ;)

I am sure that now there will be a slight correction, and then bitcoin will again slowly but surely rise in price again. Today's rise in price is inevitable, sooner or later it had to happen. All the prerequisites already indicate that bitcoin should rise in price, so something happened that should have happened. I think that it will grow in price up to 30 thousand dollars, and then again it will stay at this level for a certain period of time.

People said the same thing at $0.50 and then at dollar parity and then at $30 and then at $100 and $1000, $5000 $10000.

"The price is too high."  "It won't hold." "It is a scam/ponzi". etc

If you aren't sure, invest 10% each week for the next 10 weeks.  Or 5% for twenty.

Every time this happens people say similar things and just buy some at some point and hold it.  I've been saying the same thing for 10.5 years.

That's right mate, when bitcoin is at a peak it is indeed for investors and traders in general should be careful if it wants to enter this phase,
to avoid losing out  when   the  worst  schemes occur.  like when the  price suddenly drops so fast.  But yesterday I saw a correction
from $23K to $21K. And bitcoin is back on top again.

It's not a good thing to fomo on Bitcoin now except for those that are good in scalping. Even though Bitcoin is still bullish, it's more wise to wait to buy cheap than buying a pump. You can get dumped on at anytime and you keep holding till you wake up one day to sell at loss.

He has a point about the warning but you just can't predict the market. But he gave some advise that surely newbies have to take. It's not a good time to buy if you're not long term in bitcoin.
It's not a good time to buy if you don't have made up your plan and you see it as an expensive. But whether you be careful or not once these institutional investors keeps buying at any point, you have to wait until it price downs a bit because it recovers as quickly as we can imagine.

If this might happen after the ATH (All Time High) then this proves to me that history repeat itself. If ever after the two much awaited season to end this year the bitcoin's price drop then we should be already used about what happened way back 2017 and already learned from this past experience. And yes, we should be careful about bitcoin's price at this point, this is a constant reminder that we should be watchful and not be feel comfortable because any possibilities are possible here in crypto.

Deep pockets are in fomo mode. This is not a retail driven pump. Their time horizon is long. They see the long term potential and have NO issue buying at these levels. Expecting a large retracement is not the play if you are a long term holder...

I thank you for the advice from the opening post to always be careful with the current Bitcoin price. It is true that the Bitcoin price
increase has been very high and has managed to reach a new all time high, so Bitcoin can move up or down. To guard against volatile
Bitcoin price movements, I always use the stop-loss feature. That way it is safer to protect my funds, when Bitcoin suddenly went down
it didn't have a big loss.

Basically, that was the issue back in 2017, whenever these scammers found an opportunity to extort gullible investors they do it without any mercy. Sometimes they execute such dastard act when Bitcoin price soar like it is currently, investors entry into cryptocurrency should be more careful to invest in new projects. No one will advise investors to buy Bitcoin at the peak, so, let be careful at this point in time, buy little with extra funds to hold on a long-term in case the price of Bitcoin fall.

It really depends on the fact that why you're buying it, is it for long-term investment or you're just trying to sell it after a bit of profit?

If it's for investment you can still buy it from here as short-term prices should not matter to you that much, but I would certainly not go all in now and probably the smart move would be to maybe start laddering buys here and if it keeps going down just adding more to your stack to get a better average entry price, and eventually end up with more profit while minimizing your risk exposure.

On the other hand if it's just for short-term and you're planning to sell it after 3-5-10% of profit then I agree with you as it is probably not a very good idea as in short-term it can go down and who knows when it will come back up so you can sell in profit or break even.

Yes, I agree as this is very volatile time to make an investment decision either it will anek you or break you. If things go positively then those who invest into Bitcoin now will get good returns or else their money will either struck for years until Bitcoin reaches this figure if the investors have patience or else end up in panic selling. I would rather prefer bear mark than peak to I best into Bitcoin.

This is really true, as we are know experiencing new ATH of bitcoin, these scammers are more active and it is really dangerous to trust any information in the internet.

Being careful with your asset is good especially that you are just securing it, but if you know how to make transactions properly in the market, then you don't have to worry that much.

Investment in cryptocurrency should be studied and understand because times like this, this is where you can make a lot of profits for your own growth.

As bitcoin price is sitting onto it's ath there are a chances of profit booking scenario. And if due to that panic comes it might results in volatility. So make close look in the market and trade with tight stop loss.

Waiting for a while is the best thing to do if we want to buy bitcoin because the bitcoin price is still high. We can try to analyze what price we can buy and not forget that the price can get more down than we can expect. So I think we can split our funds into a small part and place it on many order buy. By doing that, you can get low and lower and sometimes, you can get the lowest price of bitcoin. You need to be careful about deciding because the market can change the direction.

Sheesh..... at last someone that are making sense in this whole experiment.  ::)

In 2017.... we told a lot of our friends not to buy when the price is high... but they bought in any way... Why?....well, because they got greedy and they thought it was the beginning of something BIG.... but they were wrong.

Most of them could not wait for 3 years to sell those bitcoins for a profit, so they sold at a loss. I just spoke to one of them yesterday and guess what, he is buying again.  ::)

Who knows.. I might be wrong and this might be the push to the MOON... but I am not feeling it.  ::)

If we look at 2017-2018 era, we could recognize at this point at the exact same hype where people are starting to buy mining rig and gpu just for following the hype train and starting to believe in Bitocin just because the price is now in ATH like this time. But once they know what the volatile in Bitcoin is, they are starting to talk shit again to Bitcoin lol. It's disgusting.

It is true that we must be careful with the Bitcoin ATH because this crypto bull run is just beginning.
The inclusion of bitcoin and crypto by the giant PayPal and large investors throughout the year have allowed confidence in new investments in Bitcoin. Now banks such as Kraken in the USA, Switzerland, Singapore, Japan and Spain are joining. There are important moves to upgrade banking to blockchain, bitcoin and crypto technology. This gives me the impression that bitcoin has now evolved to a new stage and for the better.
We must take advantage of our gains in bitcoin and hold for the future.

I have bad news for people who have been very hopeful in the promise of PayPal integrating cryptocurrency in their banking, what they're actually doing is buying you a bitcoin that you can't trade with other cryptocurrencies, so you have a sitting duck there waiting for another bull run because it's only good for hodling. Unfortunately I was blinded by the hype and the fact that its owner is really big when he talks about crypto and bitcoin, if they don't change this it's going to be a big prob because most newbies will definiteky buy bitcoins using paypal and wouldn't be able to make the most out of this investment unlike us who get to enjoy this ATH in all its glory.

A lot of us have been in the bitcoin space for a while. What we have seen in the BTC movements have mostly been on emotional based from the retail croud. The average makeup of the participants is changing in front of us. Deep pockets are buying from the weaker hands or from retail that has made some serious $. So the price action we have grown to expect wont be the same this time. There is a real chance we blast up from here and never revisit these levels... We may just stairstep up to 50+k with shallow retracements. Don't let the deep pockets take your bitcoin if you are have a long term perspective. or if you are thinking about a long term position, average in at least. The real risk is not having any btc...

More reasons why OP said investors should trend on this FOMO part carefully, they have seen the wonders of Bitcoin investment and want to venture into the space when Bitcoin price maybe at it peak. This was what happened in the last bullish run of the said Bitcoin, investors (newcomers) went into Bitcoin when it price hit $19,745k and it price dropped down to $3.8k before it recovered in 2019. This affected thousands of investors who went into Bitcoin becasue of the 2017 FOMO.

That is something that all traders need to confront at some point, which is the fear of being wrong, I will save you the time as a trader you are going to make mistakes, your predictions are going to wrong and you are going to lose money, that is the price you have to pay to be part of the market, but if you can obtain profits then all of that does not matter and you need to enter the market whenever your system tells you even if at the time you think it does not make a lot of sense.

There's a reason why they are called holders, that's because they believe in the long term goals of the technology and won't be pressured into selling like the average investors. You trying to say the reason the current investors are to be careful is because the holders would be dumping is false information instead the short term investors are those would will most likely dump when the market starts showing some signs of a price corrections.

The holders are here for the long term and you investing now show have similar mindset if you intend to profit from the industry. Bitcoin is steadily growing and so is the industry. From recent developments you can see institutional money pouring into the market and this will definitely push the price upward in the long term.

Whereas you should be careful to avoid getting dumped on, you should also know investing now would probably be the best investment you can do for the future. The fiat systems and other traditional investment aren't profitable compared to bitcoin.

You are not asking the right question to make a decision in this market, 'will I be making profit if I buy at this price probably in the1 year? I will say, Yes. I may not be able to predict the size of profit but will be worth the investment. For the fear of dump, no one can pick the depth and the height, Just a considerable price of entry and exit. Bitcoin has the shortest period of ROI if the investment is in the right time like now.

Thats how crypto grows. Panic sale, hype will drive the market. No one knows where the ride will end, no one knows the lower point where price will proceed. But the overall atmosphere is changed now. Institutional investors are there into market and it will grow rapidly. I think btc will stay around current price for a while

 Buy it or sell it, price goes up or down hype or not is steadily doing what is supposed to be doing at the first place,
that is being a currency that can be used to buy or sell real assets, things, experiences or whatever else people buy

 Welcome to the new economy where bitcoin is the boss or the new global currency!!!

My 2 cents,,, errr satoshis  :P

I agree with your opinion. Bitcoin is only hovering around $23,400, although it fell a day ago. We need to be careful with this price because the crypto market is so complicated and dangerous, Bitcoin can be dropped at any time so a reasonable plan is needed.

During this bull run, it is really risky to trade bitcoin as it can fluctuates depending on the market situation.

Sometimes people are just excited to trade, they are greedy to make transactions even if it is really not a good time to trade.

Bitcoin has a lot of potential to increase more or to decrease due to its volatility.

But you can really do some analysis in order to deal with it and make trading much profitable during this season.

Actually, it is good to share ideas about when to buy and how to do it on proper time. Although the fact that we can't force them not to buy bitcoin, it also manifest the idea that everyone should know and have the right to know about price at this level. True that bitcoin is at its peak and possibly it might fall anytime. However, its up to the buyer if they wanted to buy bitcoin. Or it depends on their own reasons of buying one. Normally at this price level, sellers are waiting at the top and at anytime they will sell. But again its up to the buyer if they wanted to.

Moreover, based on my own opinion; despite all time high (given that there is no longer resistance above and with cash flowing from institutions) price may still go up although some people are selling for profit. That is of course subjective as it is only my opinion with little to no supported data. Anyways, market too is very subjective. :D

This is the hype that in my opinion makes people passionate, it should be when the price is high someone might be able to resist buying because the fear is that if you buy at a high price but the price goes down, it hurts. so be vigilant and careful in my opinion

Your warning is definitely true. I have friends who are still regretful for buying Bitcoin at its highest price last 2017 because they expected that it could still strike higher than 20k that year. This year, lots of people are trying to enter the market at the wrong time. They're now seeing it as a shortcut to success and trying to buy without even searching things about crypto investing which is risky because anything could possibly happen anytime soon.

It is not as bad as you think. Right now, we have already surpassed the past all time high with an unbelievable momentum since October. Nothing is needed to be worried because many institutional investors are on the train and I believe they are not reckless enough to sell their bitcoin without having a decent reason. Trend is your friend. That is what I have learnt from my trading teacher. And charts have shown that bitcoin has enough power to continue this bull for at least another 6 months

It is not really about having bitcoin in a bad condition, we are just trying to avoid the crisis that occured last time bitcoin experienced a bull run. As you can see, the bull stayed for a while before it suddenly dropped down. We should still be smart and wise with our decisions and make sure you are investment at your own risk. Make sure that you are distributing all of your investments on cryptos that has the potential the same as bitcoin. Always be mindful with the market price so that you can avoid experiencing massive loss in the future.

There is always a risk in every investment that you are going to make but with regards to buying in this stage, In my view it is still safe to buy even if the bitcoin was able to create a new record or ATH because if we are going to check the whole body of the market then we are not yet at the peak of the market meaning there is still a big chance that the bitcoin price will continue to increase.

And if you will not buy now then there is a chance that you will regret it once the bitcoin price will not decrease and will continue to increase instead. Timing is very important here, there are chances that I am wrong but there is a big chance that I am right as I see that we are not yet in the midst of the bull season here so there is still room for bitcoin price to increase and reach a new ATH again and again until it will hit each peak.

For active traders then this wont really be much of an issue since you've been dealing with price no matter what the trend is, as long it do moves then you would really make out some move or steps too for you to make money.Being careful is always been recommended because buying out or entering the market without any basis will just result into mistake.If you are a type of person who do easily panic out when you do see your port
is on reds then you shouldnt be careless on entering the market.Dont let yourself get fall into Fomo, always have consideration before buying and dont expect much that you can
make out guaranteed gains.

Currently bitcoin price is currently very high and anything can the price might still pump or the price might dump anything can happen, so to avoid loss of fund always make sure you set your stop lose and be careful with the way you trade it.

@Slow death,
"-----what paypal promised and I think it is for this reason that the price is rising a lot,------"

Talking about paypal & the introduction of a virtual currency (btc) to millions of already exiting customers around the world.
Are they (paypal staff) going to offer any guarantee in case of lost to users who will be buying btc through the paypal platform?

Definitely, i know such decision is as a result of cov-19 and the decision of most bank & online payment processor to reduce the use of physical money


Thanks
Soldierwitlittlefaith

Bitcoin is the king of all coins. The incident that happened in 2017. Since then, many people have lost faith in Bitcoin. Bitcoin is currently showing a lot of potential. Which is not like 2017. After that he remains a risk. The incessant pump is also a sign of a big dump.

Although am not saying this is buying time, but I see people not doing the right thing at the right time. I still feel the price might still go up a bit but not to what people would expect.

when coins are strongly getting up , it will usually go up for more but if it goes down strongly , the more itl fell down  . im not scared to invest at this point .   there was also a saying that " be confident if others are fearful " .

i know that others are fearful now like you because they think that the price can go down once it reached its highest but if they can only control their fears , nothing bad will happen and everyone can get the benefit of earning a profit .

It certainly won't stay up that high. For beginners who want to invest in bitcoin right now should wait for it to drop in order for them to have a win. Because right now is too risky, as what we have encountered from the past years. When bitcoin reaches this value it drop down rapdlt and make investors lose their money. Some of those investors attempt to suicide because of the negative profit.

Yeah, newbies should be careful at this particular point becasue anything can happen to Bitcoin price, either it goes up or down. If those newbies can have the necessary skills in order to engage in daily trade that will be better but if not, they shouldn't mind doing anything at this moment. Daily traders still go home with good profit IMO, some weeks back a friend who is actively involve into daily trade made some decent profit from Bitcoin when it touched $22k.

Its tought to know about what will be the paek price of bitcoin because bitcoin hit $24.6k and still btc has a bullish trend.so it is hard to predict But one thing is clear, this time isn't the perfect time to get entry into bitcoin market, it might be highly risky.although there are huge people who believe in long term and going to take entry at current price cause they always like to take an advantage of such situation & want to become profitable

I totally agree with the advice given by the opening post, we must be careful with the already high enough Bitcoin price increase.
Take the lesson that happened to Bitcoin in 2018, the price of Bitcoin dumped very deep in 2018. So avoid buying Bitcoin at
the peak price, if you really want to buy Bitcoin wait for the Bitcoin price to correct. Don't let our guard down on the Bitcoin price,
anything can happen to Bitcoin. Therefore it is highly recommended to use the stop-loss feature to anticipate if the Bitcoin price
dumps suddenly.

Whenever btc hit the demeaned point, it start crashing csuse after fulfilled the public expectation, public start selling bitcoin.even most of people still selling bitcoin cause they knoe how risky bitcoin is, to hold.i can remember year 2017 when bitcoin hit around $19.5k and then start crushing, stopped at $3.6k something.so need to attention at this point

yeah~I cannot agree with you more. People who lost money are usually those who invest or sell with no sufficient knowledge and thinking...think twice before act, that the truth about coin playing, about life and about everything!

but we should always remember there's someone who sells at a high price and they made it high, then they buy at a low price, which is manipulated by them as well...we must think before any action in case being taken advantage of, and a tranquil mindset is also needed in coin arena

Yes, now is a very interesting time for bitcoin and its holders. Bitcoin has reached very large price peaks and despite the continuing bullish sentiment in the market, everything can change in an instant. We must take into account the lessons of 2017-2018. Now it is really very risky to buy bitcoins at the current price. Even if the overall price of bitcoin continues to grow, there will still be periods of its price drops. Anyway, now you need to be very careful.

For those who think can go with the long-term holding will be more profitable but, maybe this time they have to wait for a longer time to be able to pick their needed profits. Sincerely we don't know where this market tend to go that's why we are be cautioned about this peak that Bitcoin has attained. We haven't forget what happened to us way back in 2017 and those who don't want repetition of such should be smart with their investment funds at the moment.

I am disagree with you because we have to think high rate of BTC. There are lots of positive news everywhere still now and day by day it growing So i think there is no chance to down BTC price at this moment. On the other hand nCOVID 2nd wave has started though vaccine launch but it will take more time to push vaccine and in the mean time many country going to lock down. So investors again will think for  safely investment from home and i think it will move forwarded day by day.

thanks.

The BTC price has risen extremely in the last few weeks, even if there are understandable reasons for this, I believe there will be a technical reaction soon. Investors will take profits and cash in in the short term. To go back into the market at lower prices. So I do believe that investing should wait for the next correction.

It actually depend whats your timeline of investment.
If you are willing to take short time risk and long time run, keep the coin even it hits rock bottom.
Most of optimistic look on BTC is it will make 500k-1 mil around 2030.

Waiting for a sizable pullback is fools gold, you will be left behind. BTC is crashing higher...

Bitcoin already touched the $25k value that's why I agree with you, it's not the time to buy. It's too risky and we don't know if bitcoin continue to surge high or it will drop for correction. There is still 5 days to go before new year and I think bitcoin will increase more before it will drop.

At any moment in this market price, we could already expect the market price dump soon, market price reaching up to 25k$ is a good thing for investors who invest below 19k$.

But when they investors decided to sell their investment bitcoin market price will probably be around 10k$ or even lower at that time, Having an investment in bitcoin is a good thing but with the supply and demand of the market, it is common to have a big dump after a pump like this that surpasses the ATH.

In my opinion, the market price could maybe reach up to 27k$ and then will go dump after that, But at this point, we already have the profit even selling around 25k$.

Correction might happen anytime soon, just like the price highs we are seeing sudden drop of price. This is because there is some point where the price is just cause of traders emotions and hype. This not authentic trades will be corrected by sudden drop. I feel like the correction will not be as worst as the correction during 2017. Bitcoin is now at its good state and a lot more people are being reached compared before. But still hoping that before the year ends, we will be hitting the $30,000 mark.

You can earn more Bitcoin if you do trading so it's better to earn that way than to wait for 2030 for making you rich for waiting if you know you can multiply your holdings right now and earn more if your target price is really achievable.


It's still possible that we can break the 30k mark but yeah don't forget to take profit before the correction come so it will not hurt you that much. The same thing happen to many people in 2017.

Bitcoin is in at $25k, it is hazardous to purchase now since amendment can happen whenever. The enormous whale simply holding on to dump and take a benefit. At that point purchase lower, so consistently you should be on your toe. A few people are taking a benefit, and I would absolutely take some benefit as of now. Best of luck to the individuals who holding bitcoin.

If it's true that the more price the btc reached the harder the correction will be dealt , you won't be wishing the price will touch $30,000 by now because new year isn't done yet and it will be awfully memorable if correction will happen during this coming week .

2020 is already a bad year , I don't want to add more bad happenings  and there's always next year .

 the correction is free to come on the first and second quarters of the year , third and last quarter are going to be a rebuilding phase again for a new high .

You forbid buying bitcoin at this point, what if the price of bitcoin is getting more expensive in the coming weeks.  we won't know the price of bitcoin for the next few months, so it's better to look at the bitcoin price chart, if it's more likely to go up then we have to buy bitcoin as soon as possible so we can get a sizeable profit.

I gotta wonder... how is it even profitable to buy btc at this price now.  In order to double your money... you need btc to hit 50k.  For that to happen... it would take a lot right?  Now imagine trying to triple it or more... btc would be beyond high etc.

but if the trader is not aiming to double his money and just do his scalping strategy, he can still earn from this current price. but he needs to be careful as we dont know when this will stop or when it will go down. intermittent trading can earn you also a good profit but you should know when to exit. as long as you are practicing the simple rule of trading - buy low, sell high. youre still good to go. the movement in the market is quite tricky. so it is your strategies that will give you profits here.

Dont be greedy indeed and its more wise if you do take out your profits now yet surely you are in greens now and dont ask for more.

Dont let the feeling of FOMO will really overcome you because once the market will make out some correction then you will surely missed out that kind of profiting opportunity.

We might be seeing good numbers here but dont let your emotion do control you and better to secure while its early.We cant say this is the peak but
nothing beats out when you are in the safe side.

Consider on making buybacks when it dipped down or made a little correction.Rinse and repeat!

There are some speculations said that it will go more further. Reaching above 40K dollars of bitcoin is what they are keep saying. In this bull season, there are many people who have speculated bitcoin positively so that many buyers will still buy and hold. FOMO is roaming around the market and crypto industry so that those greedy will fall to bait. Greed is good when it gives us profit but overall, it is bad habit specially in business or in trading.

Maintain our bitcoin to not sell all at once is important, prefer to sell a small portion whenever the price spike like +$1000 in a day.
Who wants to buy bitcoin at the ath? Obviously, not small traders, let the institutional investors and big companies lead the way and stick to your prediction.
Take a look at the fear and greed index
https://i.imgur.com/7XXkzSA.png

Regrets, disappointments, these things we've heard before and can't tell it won't be happening again. You are mate, investing in today's situation is at high-risk, I can't feel the confidence as well. My mind is clear already, I have to wait until the moment that it dumps, I don't want to have those mistakes before again and I learn that.

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If that someone will make an investment right now, I suggest not to commit long-term holds, make a trade on it, grab every gaining opportunity that comes on you. Don't be greedy that you wait for the price to double, otherwise, regrets will come next to you if the market will fall.

The BITCOIN price climbs to a new ATH almost every day. One reason is the enormous liquidity in the market. We see that with other assets as well. That's why I'm not currently selling anything and will still take the bullrun with me. Even if there will be short-term counter-movements, the upward trend will remain in tact.

Keep buying guys don’t stop or it’ll crash

I agree with your idea. First, the Bitcoin price is very high and the fact that Bitcoin can drop fast is unpredictable. So careful is the best option. Investors should not be delusional because too high prices are something we need to pay attention to.

I understand the feelings of the other people who are are having doubt investing to the bitcoin now and I understand that they hve possibility that the price will going to dump the value anytime and others are think it will not up because it is already high value. People thinks right now have different thinks about others see bitcoin rise but the rest price will dump anytime soon and everyone has point.

If you want to profit then you should not be afraid to take the risk because the bitcoin price is unstoppable as of this moment, the setback of it's prices is very low and it continuous to create a new ATH from time to time.

Being careful is good but waiting for the bitcoin price to go down pretty bad before buying is not wise at all because if you are going to check the market, the chance that it will happen is pretty slim and you will lost your chance to profit if you will wait for it's decrease. This is only my view but bitcoin will likely to peak at 50k in this bull season before it will go down again.

It's good to buy back if ever the price dumps, but what important is that we were able to get profit during this pump. Even we don't want to be greedy and secure the profit we still know that it can still increase in price if the hype Continuous, so we better keep monitoring until we don't set our mind yet on where we will sell.

be careful investing in bitcoin today bitcoin's price is at the peak, it will go down eventually. investing in bitcoin requires patience because bitcoin is a long-term asset so it will take years to gains its maximum value again if it goes down eventually.