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I believe that Elon Musk tweets have influenced the rise in asset prices on crypto exchanges, but I don't think it's a bubble. An increase in the price of an asset is dominated by demand and supply. when market demand increases, the price will increase. So, when Elonmusk talks about bitcoin or doge, their fans will buy-in, and investors will also take advantage of the trend to make a profit.
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If I were you, I would hold on for a while. Currently, the market is very difficult to predict, not necessarily the market will continue to dump. In my opinion, the market will recover soon. I doubt that if I cut loose, the price will go up.
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Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?
Apparently March is a traditional sucky month but we have a 4-6x increase coming if history repeats itself... I wouldn’t wait to long with the buyback. Optimizing your coins now can make you miss the train. Don’t be greedy. HODL to the top... then sell and buy back in 300 days at 35k or so... That's true, this time of the year isn't the best for the price of bitcoin. However, this new low may attract more people or organisations to join the race and buy some coins. Tighten your seat belt, it's gonna be a wild ride soon to the new ATH  a year ago and two years ago I bought a lot at the end of February and the market became a dump when it entered march. I don't know if this will happen again. I just bought back with $ 3k for bitcoin. If there is dumping in March, then the month of March will continue to be a month of bad luck. |
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Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?
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My advice to friends (based on experience) 1.Buy as much as you can 2.Buy on the floor, but do not wait for correction or fall. 3.Do not do anything for the price of tetra and dollars… 4.If it comes down to a short time that you bought at a reasonable price…. 5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar. 6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose If you have any suggestions, let us all know so we can use this experience. Thanks  the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings. Bitcoin and other cryptos are high risk investment advising a newbie to buy as much as they can is not proper and may be disastrous in the long run especially those buying at the peak, recall in 2017 when bitcoin peaked a lot of newbies bought with massive funds that time at that price while relying on speculations that the price will reached $50K unfortunately the price dumped a lot of them sold with a massive losses, while I agreed with the OP on dealing with emotion when trading because it is big challenge for traders especially newbies. Many beginners are trapped in bitcoin FOMO without thinking about the risk of losing. It's best if newbies don't put all their money into investing. I say this because I have experienced it in 2017. where I bought a lot of ethereum at the highest price. I had to wait 4 years for the price to recover. and that's a very big risk. |
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My advice to friends (based on experience) 1.Buy as much as you can 2.Buy on the floor, but do not wait for correction or fall. 3.Do not do anything for the price of tetra and dollars… 4.If it comes down to a short time that you bought at a reasonable price…. 5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar. 6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose If you have any suggestions, let us all know so we can use this experience. Thanks the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings. |
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There is no bad news yet to turn the market bearish. I think this is just a normal market correction and we get a chance to buy at a cheap price. I am sure that a few days later the market will return to normal and even the bitcoin price will fly even higher and reach a new ATH again.
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Buying every dip is easy to say, but difficult to identify the dip (for me at least!)
Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!
Why be afraid to buy when there is a downturn in the market. If you buy, even if the decline continues. its value will recover. Although we don't know when the value will recover. Every Sunday I buy it and keep saving, no matter when it goes up or down. Because I know that the value of bitcoins is increasing all the time. |
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How about that ?? $55,000 up about $15,000 in around one months time .
I notice a dip in several stocks , could be that the wiser investors are now trading in BTC ?
I sold several ounces of gold ,to buy in a week ago. I'm a happy guy .
The very high increase made bitcoin holders feel happy. this is due to the increasing mass adoption of bitcoin. Even big companies like Tesla have bought a lot of bitcoins. so that many investors are affected to buy and invest into bitcoin |
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what the weak hands thought was profit. If they feel they have made a profit from every bitcoin purchase, they will sell it and want to try to buy it back when the value drops again. But unfortunately, the price reduction was not what they expected, so they bought back at a higher price
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This is an amazing step forward for crypto in the future. Elon musk has brought many people into crypto and bitcoin. The adoption of crypto and bitcoin is increasing. Most likely, bitcoin will be used by everyone in a few years.
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Hello my bitcoin brethren!
I come to you with a cunundrum today. One that's been weighing on me heavy for the past week.
Is it a good time to buy bitcoin, for a not too long term investment? And not just a couple of bucks but rather with a sum that would definitely sting (but not cripple) if the pendulum swings the wrong way.
I know your guess it as good as mine and the whole don't put in more than you are willing to lose and bitcoin is the least predictable investment venue...but perhaps you might know something I don't, especially consider how sharply it's been going up lately.
Some I realized don't like sharing what they know if they have juicy insight that they feel will change the course of things unfavorably for them if that knowledge was made public. If you are one of them, maybe you can PM me? 1 person won't make a difference.
So yeah, looking for expert, honest, advice.
Thanks!
Before you invest, you must first know about the risks of investing in cryptocurrency. If you want to keep it for a very long time, please buy it. If you are only investing for the short and medium-term, you should look for cheap altcoins and wait for the price increases in the market. I buy bitcoin as future savings. I didn't sell it even though bitcoin went to the moon. |
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With a hyperthetical USD 50,000 would you invest in bitcoin or use the money to fund a margin trading account (the trades will all be made by trading bot handled by signals group with 100% return)
For me, margin trading carries a greater risk than just buying and investing in the long term. I prefer to buy bitcoin and invest. Besides, I don't know margin trading very well.  |
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Just recently SQUAWK newsmaker interview with the CEO of UBER. At first, the CEO said, they are likely don't want to buy some Bitcoin using their company's money and told, "We're going to keep our cash safe. - Tweet" But after that, the CEO said: "Just like we accept all kinds of local currency we are going to look at cryptocurrency and or #bitcoin in terms of currency to transact. That's good for business, that's good for our riders and our eaters" - Tweet. So, what are your thoughts guys? For me, it's likely they don't want to do what Tesla did, adding Bitcoin to their balance sheet, but considering accepting Bitcoin as payments for their services. Seems still bullish for me. Adding bitcoin as payment for their service is also good. this means bitcoin is increasingly accepted and increasingly adopted by the public as a function. not only as a store of wealth. I hope other companies will follow Uber's steps too. |
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Nobody wants to trade on etherdelta anymore, so the site looks like a useless exchange. Nowadays we prefer swap services like uniswap and the like instead of trading on etherdelta and forkdelta which have little liquidity and little volume.
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I remember the 2017 multiple FUDS from China banning Bitcoin and the Jamie Dimon btc scam FUDS and FUDS from everywhere to dip the price so they can buy CHEAPER lmao. You will never get FUDS in a bear market. Isn't this just blatantly obvious. Old school Market Manipulation. I still remember clearly the FUD in 2017, precisely in August when it was before the BTC-BCH hard fork. Nearly everyone is spreading FUD which brings prices down to the deepest. Some people say that the Chinese government has banned bitcoin and most people say that BTC holders will lose the number of assets when the hard fork. Everyone panicked and sold (including me). But now, we don't care anymore about FUD because we all know that the price will bounce back up. Hold hard and don't sell cheap. |
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Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.
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what are you gonna do if u have millions dollars of cash ? are you gonna spend it all for ferrari high class car or invest bitcoin for survive ?
If I had millions of dollars, then I would allocate 50% for bitcoin investment, 25% to develop my own business, and 25% to travel around the world. Unfortunately, I don't have millions of dollars in my life. I only have thousands of dollars from the business I own. |
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The old story that keeps repeating itself when the price of bitcoin reaches a very high price, FUD, and other negative news will spread a lot to reduce the price of bitcoin. then the whale bought a lot of bitcoin and pumped it up again. Someone who has been in the cryptocurrency world for a long time will remain calm and will not sell their assets even though the FUD and negative news continue to spread. even when the price drops, we will continue to hold on because things like this have happened before.
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Bitcoin is one of the strong cryptocurrency and it is the most stable digital coin nowadays. Also, bitcoin is one of the promising investment in digital world. Since, peoples economy nowadays are unstable due to the pandimic situation in the world. Peoples are looking for new source of income to improve their economy. Do you think bitcoin is the best investment choice nowadays to earn money?
in my opinion bitcoin is not a new investment anymore, of course because bitcoin has been around for a long time, and the matter of investing in it can indeed be an alternative for everyone, but all of that will have risks, so we assume we don't really know bitcoin and have never done research before buying. and for us to invest, it is better to do it first, because investing in bitcoin does not mean that you will always be able to make a profit, but it could cause someone to lose in the near future. Every investment has risks. Although investing in bitcoin carries big risks, Bitcoin also has a big profit. Every investor knows the risks that will be taken if the value of bitcoins is dropped. |
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