I think that I would wait for a chance of a lower price.   It's quite high now for the two days.  But if it goes up then you might be sorry.  If it looks like going towards 9k then maybe buy don't wait till it goes very high.  No point in buying high.

Ok I'm sorry.  You can delete this topic if you want to.  I'll try to be more positive. 

I have spoke too soon.  Up again.  Too much change. 

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

Not sure.  It looked like earlier it was going up and it did for a while and now a little bit down again.  I think it's struggling and won't fly for a while.  People are cautious and rightly so.  I think buying now would be a great gamble.  I'd wait to see if the price drops to 6 again and buy in then if I was really set on buying.  But I don't think it's anywhere near out of danger zone yet. 

Don't be to greedy with the holds.  If you got in low then wait a bit longer then take some profit.  No point in leaving all the profit for the whales by holding on grimly while the price shoots up and then crashes.  Take a profit I think  must be the secret. 

It now seems to be going up again.  But try and be sensible this time.  Buy now if you must and don't spend
 your life savings.   But don't wait and leap in at 20k.  If it ever gets there again.  

This is a myth.  Because neither have you made a profit if you don't sell.    That is the great danger of holding.  I think people shouldn't be so keen to hold and watch the price fall of a cliff.  

No I don't think you should buy now.  Too risky.  Let it fall more.  You might have a long wait for a good price rise.  But if you are determined to buy then buy some now and if it goes up then you will make a modest profit.  If you sell and take your profit.  If you hold you will make nothing till you sell.  That is what people do not seem to realise. 

I will not enter this bear market.  Only if the price drops to 2k will I buy bitcoin again. 

Only time will tell what the truth is. 

I don't even get the point of mining Bitcoin.  Except to make money.  Why does it even need to be mined?  Who said it did.  But I am only a newbie and don't understand anything. I don't think there is enough people to rush in and buy Bitcoin even at say 6.5k because there is no guarantee that it will go up any time soon.  Though it probably might a bit.  But a big fall is at least as much possible. 

If it's not a loss till you sell then it isn't a profit till  you sell.  I think I am understanding this now a bit better.  That makes sense?

I am certainly in the bear camp.  Bitcoin at 20k.  If it looks too good to be true then it usually is.  I think there is further to fall before a rise.  But anybody can guess. 

My strategy would be for myself to wait till Bitcoin drops to 2k and then buy.  If it doesn't drop so far I will not buy any.  I may not make any money but I won't lose any. Then I will take some profit as it rises.   None of this holding when it goes to 20k and then holding and it's again dropped to 5.  

I have decided that I do not agree with holding too long. If the price goes up then people must take at least their original investment back and a little bit of profit.  If they don't then like last time they will be left with a huge loss.

If you want to buy then now is the time while still under 7k.  But if it goes up by 2k take out your original investment or at least some of it.  If you don't somebody else will and then crash again and you are left with a loss. 

Wait for a lower price I would say.  But I am only a mere newby with no points.  And told earlier I must read a dictionary.  But in the end it's up to you. 

I expect more fall in the next 24 hours.  Even if it does seem to ralley a little bit now. 

I just had this thought when it looked Bitcoin was totally crashing.  But it has gone up again.  Should we worry to much about miners as they have probably made a lot of money already.  But many ordinary people have lost money. And there is Bitcoin already so would it matter to much if miners stopped mining.