Apparently the current daily bitcoin trading volume is about 800k btc so theoretically if they sell their 100k btc within a couple of weeks for example, it shouldn't be noticeable.

But who knows

Same thing again over again... that is like telling you that you should buy lower at 200$ if you wanted an investment. Or 5$ if you did it at 200$.

I honestly don't get why everybody keeps telling me that I should bought lower  . Isn't that applicable to literally... everybody?

I am trying to take the best option from the moment I am here. Of course buying at 7k would be better.

I am just trying to guess which price will be better, if the current one or the one we will have after touching the 10k resistance, but as I am new I don't know how btc normally reacts to that kind of things. Even if I plan on holding and DCAing is comprensible that in case we should expect a really strong pullback at 10k, I could go for it when reaching 10k, instead of buying at 9700 which is almost there.

My conclusion so far is that there won't me a major pullback after taking a look of the books an orders of the exchanges. I don't see it going back lower than 9500. On the other hand I see it going to 10500 without any pullback at all. So I have an order at 9600.

I sincerely don't get why is that question repeating, obviously I haven't chosen to buy higher on purpose. I opened the question when I knew about btc world/thing + had my money available in the exchange.


The same reason why everybody didn't bought at $3000. And $200. And $5. I guess everybody would prefer buying before and at a better price than how they did.

All of you learn about btc and/or got some money at some point, and there was other people before you who entered in a better moment than you that could make the same question.

That's quite a big dump, Looks pretty strong around 9500. But could happen

It's now when I have money available. Of course buying before would be better but I prefer to make the best available decision rather than blaming myself and ending up buying even higher.

I didn't buy at 7k because I haven't had the money available. Unfortunately I wanted to, so I have seen the opportunity passing in front of my eyes. But its now when I can buy so I'm trying to choose the less catastrophic entry.

It seems like a lot of support is being builded around 9500. ¿Do you think we will face a significant correction at 10k? I am doubting between buying more now at 9500-9600 or waiting to the correction.

But it seems that it could pass 10k without any pullback, or there could be one but not strong enough to go lower than that. What would you guys do?

I 'm planning on selling my watch collection and i would like to offer the possibility of paying in bitcoins, even at a lower price, since I will use the money to buy them anyways.

Also is more attractive for me to get paid this way because I don't have to worry about maybe having to explain to the authorities why I have four or five transfers of couple of thousand each, from different guys. I run a little business and they could interprete it being another income from my activity and if I have to pay taxes as a profit, they rip me off 23%.

It can be also more attractive for the buyer because that way he can't spend some BTC without converting to fiat and saving from paying taxes.

The problem is, the buyer is completely unprotected after sending BTCs, so it's normal that people won't take that risk. Police could easily find me if I receive the money on my bank account and them scam someone, but with BTC I can just disappear.

How can I make it safe for the buyer so paying me via BTC it's attractive?
I have checked scrow services but they either don't accept cryptos, or look sketchy or charge like crazy fees 10-20%, and there are also a lot of scams apparently via scrow fake agencies which makes just not worth it.

yo can't predict what decisions other person is going to make.  that it's only in films.. you can make a guess, but will be just luck.

but you are risking not jumping back in on time just to scratch few satoshi

There is a lot of buying orders at 9,2k, 9k, 8,8k... I think we won't see a big pullback. I would like to, because I want to buy a bit more, but not sure if I should just go in at 9,2k or get a bit greedy and wait if we can buy at 8,5-8k, risking to be forced to buy at 10500.

because bitcoin is considered an asset that would retain it's value in catastrophic situations, like gold for example, in case of a war happening, gold its a safe way to preserve your patrimony, same for btc.

I am waiting for the pullback to get some more money in, I would be very happy if it goes to 7k before recovering but there are a freacking ton of buying orders at 9,2k, a ton at 9k and another ton at 8,8k, is very hard for me to imaging a pullback to 8-8,2k, in fact I have the order at 9075 and thinking if I should put it higher.

But I am very new to bitcoin, more used to classical values. Wouldn't be going under 8,8k as surprising as seems to me? should I get used to randomly see that kind of pullbacks in bitcoin? the pullbacks I have seen this weeks weren't that strong.

I also wait a pullback in the 10k area. The question is how big do you think will be. I think it could be just a small one and going fast to 10500-10600 or a moderate one to 9k-9,2k or 8,8k at much. There are a fucking lot of buying orders at 9,2 and 9, and in case going lower which I doubt, 8,8k is very strong again.

An strong pullback to like 8k or so seems very unlikely to me.

And for me an strong one would be a good thing because I just receive some money I can invest and could make a better entry. But I don't think I will be able to buy lower than 9075, where I currently have the order ready. In fact I think I should maybe put it higher.

Obviously if it passes 25k it will last a breath. But that's not bad, that's very reasonable to happen. Breaking 25k would be great, breaking 25k and maintaining is asking way too much.

100k could become a bit more realistic in the long run if this time breaks 25k. If it doesn't break 20k In my opinion 100k would me almost impossible.

Since a lot of people would lose interest and hope in btc mooning again, just for the psychological thing of surpassing the last bubble. In fact reaching 22k instead of 18k is not a big difference in numbers but could make the next cycle totally different. IMO

I am not that optimistic, but well, that would be great obviously.

What would you guys do? sell at 27k or hold to the next cycle?
reaching 27k this year could lead in more investors being interested and that would make the 100k goal more doable.

In case we don't break ATH this year, what should we expect of 2021? Maybe dropping after a general disappointment? I'm afraid that if 2020 doesn't break 20k, 2021 will very probably show lower results than 2020 so maybe going out should be considered if halving doesn't provoque a good enough spike the months after taking place. (and jumping back like a year later).

Even if it suffers a correction, which would be something very normal after increasing +25%, I dont think it would go as low as coming back to 7k. The biggest correction I can imaging would be to 8k and I would be surprised. So everything looks good, green days coming!!

It's really difficult to guess at this moment. But I think that there are two things that are very likely to happen:

1. In ""long"" term, by the end of the year, btc will be higher than now

2. At 10k will be a correction. The question is how big it's going to be, maybe insignificant, maybe moderate. Doesn't seem that a big one coming.

So buying now thinking in holding for a year or two is a good and probably profitable option regardless of what happens now-short term.

In the short term is difficult to know if it's a good entry price, not going back below 9k again after hitting 10k, or a bad entry price because we could see correcting to 8,5k in a week. It went +30% in just weeks, so a 15% correction wouldn't be a bad thing or something to worry about. In fact it would recover part of it very rapidly I bet.

Edit: Obviously these are just my thoughts, and even though I fell pretty confident about it the current situation is quite difficult to read

100% matching a development grade map. Could be expected. Anyway I still think coronavirus is having little to none impact on the pump. But who knows.