Is it a good idea to buy Bitcoin now at $29?

[Gatekeeper]

down to 9k resistence on $30, has held above 10k for a while, great battle going on, love watching it.

[evolve]

No, Its a terrible idea. Don't end up being a bag holder like those people that bought at $32, 2 years ago.

evolve, you for some reason forget, again, that those "bag holders" from 2 years ago can now close their position at (almost) no loss if they so desire. 2 years is a medium term investment. And also, according to wikipedia, The term bagholder is an informal slang term used in U.S. financial markets to refer to the shareholders left holding shares of worthless stocks. Who is holding worthless anything here?

So, that just means that whatever you are saying is just completely wrong and makes zero sense. Think about it next time. Yeah, and I'm sorry you are not in on the ride, just don't post wrong information and we'll be kind to you. We need funny crash believers here.

There is no guarantee those investors will EVER be able to sell those BTC for the price they paid for them, much less a profit.  The price could tank at any point, and you are naive if you believe otherwise.

The worthless part comes if and when the next real crash hits.

[Richy_T]

No, Its a terrible idea. Don't end up being a bag holder like those people that bought at $32, 2 years ago.

evolve, you for some reason forget, again, that those "bag holders" from 2 years ago can now close their position at (almost) no loss if they so desire. 2 years is a medium term investment. And also, according to wikipedia, The term bagholder is an informal slang term used in U.S. financial markets to refer to the shareholders left holding shares of worthless stocks. Who is holding worthless anything here?

So, that just means that whatever you are saying is just completely wrong and makes zero sense. Think about it next time. Yeah, and I'm sorry you are not in on the ride, just don't post wrong information and we'll be kind to you. We need funny crash believers here.

There is no guarantee those investors will EVER be able to sell those BTC for the price they paid for them, much less a profit.  The price could tank at any point, and you are naive if you believe otherwise.

The worthless part comes if and when the next real crash hits.

So,  unlike those who bought at $32 who would currently be able to cash out with a mild 10% loss.

[evolve]

I think holding an investment for two years and taking a 10% loss is a bad deal, but maybe you and I invest differently.  On top of that, the price could still tank at anytime, further wiping out the investment.

[piramida]

Yeah, or you can just wait couple of days and take 10% profit. But if you are investing long-term, buying at $2 was about as good as buying now. Slightly less profit, definitely, but if you are buying every month like yours truly does - your average price now is at about $7 and you can easily continue to grow your position.

[Richy_T]

I think holding an investment for two years and taking a 10% loss is a bad deal, but maybe you and I invest differently.  On top of that, the price could still tank at anytime, further wiping out the investment.

So calling you out on using the term "holding the bag" incorrectly becomes an insult against my investment strategies? What are you on?

[twolifeinexile]

Yeah, or you can just wait couple of days and take 10% profit. But if you are investing long-term, buying at $2 was about as good as buying now. Slightly less profit, definitely, but if you are buying every month like yours truly does - your average price now is at about $7 and you can easily continue to grow your position.

Not slightly but a huge different on return on investment.

[evolve]

So calling you out on using the term "holding the bag" incorrectly becomes an insult against my investment strategies? What are you on?

No. I was pretty much just ignoring your statement because I already explained that the bagholders are the ones who are going to be stuck with worthless BTC after the price tanks (like the people who bought in at $32 and were stuck at $1.90-$5 with no way to know if the price would ever recover).

So no, I wasn't using the term incorrectly, and if you are insulted, that's on you.

[humanitee]

So calling you out on using the term "holding the bag" incorrectly becomes an insult against my investment strategies? What are you on?

No. I was pretty much just ignoring your statement because I already explained that the bagholders are the ones who are going to be stuck with worthless BTC after the price tanks (like the people who bought in at $32 and were stuck at $1.90-$5 with no way to know if the price would ever recover).

So no, I wasn't using the term incorrectly, and if you are insulted, that's on you.

If evolve and proudhon had a baby.... *shudders*

[Richy_T]

Wriggly and squirmy troll is wriggly and squirmy.

[evolve]

I love how anyone with a difference of opinion on this forum is labeled a "troll".

Quite the little hugbox/echo chamber you got here.

[humanitee]

I love how anyone with a difference of opinion on this forum is labeled a "troll".

Quite the little hugbox/echo chamber you got here.

Only because bears have shitty arguments.

[evolve]

Remember that statement when we hit single digits again.

[humanitee]

Shit man, I'm remembering yours for when we don't.

[piramida]

I wonder why the bears who are really convinced don't short the crap out of the current "bubble"? It's an opportunity of a lifetime, you can triple your available money easily by shorting from 30 to single digits!

[cedivad]

No, but its a good idea to buy at 30.10 if the ask wall at 30 dosent disappear and gets executed.
(it's a risky and short term trade)

[Richy_T]

I wonder why the bears who are really convinced don't short the crap out of the current "bubble"? It's an opportunity of a lifetime, you can triple your available money easily by shorting from 30 to single digits!

I don't mind bears. They might even be right. And they might even have been right all the way from 14 or so. It's when people spout nonsense and then claim it's some kind of Bitcoin-cheerleading-group-think when they get called on it.

[evolve]

I wonder why the bears who are really convinced don't short the crap out of the current "bubble"? It's an opportunity of a lifetime, you can triple your available money easily by shorting from 30 to single digits!

I can only speak for myself, but I don't trade with leverage as it exposes me to more risk in an already risky market. Even shorting through private loans opens me up to risk since no one can predict when the market will turn (in any direction) with any accuracy.

Staying in USD (selling) when the BTC market gets crazy and buying back in on the crashes gives me a risk vs reward strategy I am happy with.

[Merralea]

Depends on how long you plan to hold them.
A year or longer? Go for it.
Six months? Sure.
Three? Eh.
One? No.

[evolve]

Bitcoin-cheerleading-group-think

You are delusional if you think this forum (and particularly this subforum) isn't rife with this.