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Author Topic: Buy coins at 17k weeks ago could be the best time to buy  (Read 622 times)
STT
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August 23, 2022, 11:16:03 AM
Last edit: June 11, 2023, 11:40:41 PM by STT
 #81

I think recent action shows why regular buying is often best rather then guessing an exact price point to call the bottom.   The process of being involved rather then pin it down absolutely and claim I bought the lowest price, I sold the highest price you wont get this dream scenario its a mirage.   Just be involved in positive action and take profits on really bubbly price action, you probably have years to do both actions not just once or one price.


   If we keep on testing this support continually and market declines you all might get a second chance on buying the lower prices anyway and it'll be hard to decide at that point same as it was last time.

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August 23, 2022, 04:31:46 PM
 #82

Indeed, lately bitcoin price movements have started to move in a better direction than before. I am optimistic that the next price target in the $27k-$28k range will be achieved in the near future, especially now that bitcoin prices are trading in the $24k-$25k range.
yes, hopefully $28k can be reached and hopefully can breakout from $30k, and if the breakout is bearish, it's over.
But now it's still above $23k, of course it's still safe, if it's below $20k, my advice is to sell it and go higher below $20k again.
If you buy when the price is $23k then you sell when the price drops below $20k then you will lose. In trading, we should not panic when the price drops. The main goal of a person trading is to make a profit, not a loss. Well, if the price hasn't gone up and we haven't made a profit, then don't sell it better hold even in the long term.

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kotajikikox
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August 24, 2022, 05:59:28 AM
 #83

I think recent action shows why regular buying is often best rather then guessing an exact price point to call the bottom.   The process of being involved rather then pin it down absolutely and claim I bought the lowest price, I sold the highest price you wont get this dream scenario its a mirage.   Just be involved in positive action and take profits on really bubbly price action, you probably have years to do both actions not just once or one price.


   If we keep on testing this support continually and market declines you all might get a second chance on buying the lower prices anyway and it'll be hard to decide at that point same as it was last time.
and for us not to feel sorry in the coming days best to buy whenever we felt like ready to risk our funds.
it is hard to speculate nowadays because we can see how the volatility of cryptocurrency is showing now and what we are having these days are just a proof that bitcoin can increase or even decrease at any moment.
buy at your own risk that is still what stands us all.

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August 24, 2022, 01:51:17 PM
 #84

  If we keep on testing this support continually and market declines you all might get a second chance on buying the lower prices anyway and it'll be hard to decide at that point same as it was last time.

If it's hard to decide, then maybe it's better to just buy in the dip or if the price is trading in a sideway patterns. No need to wait for the price to dip or go lower than the previous lows of $17,500 at it might not happen again so obviously others might be waiting for nothing. So I guess it's not that hard to decide, specially if you have the funds step aside for your bitcoin investment, then you can do monthly or weekly buys. And as we look at the price movement, most likely we will be in the sideways pattern, maybe at least up to next week. So just take a breathe and opportunity and it might not be offered to us again.

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August 28, 2022, 04:02:11 AM
 #85

  If we keep on testing this support continually and market declines you all might get a second chance on buying the lower prices anyway and it'll be hard to decide at that point same as it was last time.

If it's hard to decide, then maybe it's better to just buy in the dip or if the price is trading in a sideway patterns. No need to wait for the price to dip or go lower than the previous lows of $17,500 at it might not happen again so obviously others might be waiting for nothing. So I guess it's not that hard to decide, specially if you have the funds step aside for your bitcoin investment, then you can do monthly or weekly buys. And as we look at the price movement, most likely we will be in the sideways pattern, maybe at least up to next week. So just take a breathe and opportunity and it might not be offered to us again.

And just like that, the price goes down again, not sure if we touch $19k already, but it seems that we are going to break $20k barrier anytime soon, (hopefully it wont). Again, we look for this month as very bullish for us, and actually it did, went as high as $25k but now we are again in a precarious moment, that at any time, we will go below $20k again.

But let's just look at the positive side of another dip = another opportunity to buy bitcoin at a cheap price and no need to wait for $17k or even lower.

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