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Author Topic: When to buy more? wait till 6000 or 5500?  (Read 3097 times)
finblockchain1 (OP)
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April 07, 2018, 06:38:09 AM
 #1

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?
DaMut
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April 07, 2018, 06:55:51 AM
 #2

Technical data will not provide us a sufficient data to make our entry because i made a few technical analysis before for my entry point and everything is broken.
we should know what is our capability,
if you can hold it for a while,right here and right now it's a good time to buy it.
but if you can not,right now and later might be not a good time to buy it.
Bitcoin get manipulated by people so heavily,and we could not see its direction at this moment.
some people said it will go down to $3000 and some people said it will go up to $10.000 after breaking the resistence.
everything can be happen,so you should know what is best for you and you decide your entry point based on your financial.
never believe what Technical data says to you,everything can happen!
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April 07, 2018, 07:04:24 AM
 #3

Technical data will not provide us a sufficient data to make our entry because i made a few technical analysis before for my entry point and everything is broken.
we should know what is our capability,
if you can hold it for a while,right here and right now it's a good time to buy it.
but if you can not,right now and later might be not a good time to buy it.
Bitcoin get manipulated by people so heavily,and we could not see its direction at this moment.
some people said it will go down to $3000 and some people said it will go up to $10.000 after breaking the resistence.
everything can be happen,so you should know what is best for you and you decide your entry point based on your financial.
never believe what Technical data says to you,everything can happen!
Absolutely your right there is no way to identify how long the price will fall and when will recover ao this is the right time to invest on bitcoin maybe the price will start to rise from today itself too.
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April 07, 2018, 07:15:58 AM
 #4

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Really you still have not got anything? There has been so many chances until now and I am buying like horny !! Come on it already went down to those prices and come up again. Now is also good buy and to be frank we never know when the train will get missed if you kept waiting for those prices. Todays price is also lowest after looking at back in January or feb month. There are always two outcomes it could either go down or go up. But currently the BTC is done dropping itself and its just the upward movement that has left over now. What else could happen? It will drop again but it wont drop to as low as 5k~! Better get the started with current prices and help it grow.  Cheesy
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April 07, 2018, 07:33:34 AM
 #5

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Really you still have not got anything? There has been so many chances until now and I am buying like horny !! Come on it already went down to those prices and come up again. Now is also good buy and to be frank we never know when the train will get missed if you kept waiting for those prices. Todays price is also lowest after looking at back in January or feb month. There are always two outcomes it could either go down or go up. But currently the BTC is done dropping itself and its just the upward movement that has left over now. What else could happen? It will drop again but it wont drop to as low as 5k~! Better get the started with current prices and help it grow.  Cheesy

Just as I thought most of us had run out of capital, here I see others happily entering a buying glut. Just read as well that Localbitcoins ia experiencing record volumes in several countries too... Which is a good sign as that was exactly what happened in late 2016. Local buying appetite in southeast Asia then, helping fuel the 2017 boom.

Buying like horny teens eh? If the volumes on coinmarketcap exchanges aren't picking these up, maybe there's still a lot of life in p2p and otc, after all.

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boboking
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April 07, 2018, 07:34:41 AM
 #6

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

It is really hard to time the market specially here in crypto currency.

 If you are planning to buy and hold then just go for it. We do not know what will be the price in the near future. The important thing is to make your investment grow after a few years.

If you are planning to day trade then just follow your analysis. If you think that the market have not yet reach the bottom then wait.

martychubbs
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April 07, 2018, 07:46:11 AM
 #7

Split you investment which are you plaining to invest for 5 part and buy time a week for 1 part from that , after 1 week buy 1 time more and for 5-7 weeks you will get middle price of you enter position.


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nebiki
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April 07, 2018, 07:54:58 AM
 #8

if my suggestion is to buy lots of bitcoin and other coins that start from now when the price of coins is still down and continue to be used as an investment in the long range is very good that, because it can generate huge profits later

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bitcad4u
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April 07, 2018, 08:45:12 AM
 #9

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Now the bitcoin is stable at 6500-6800$,I don't think it will fluctuate to 6000 $.If you want to buy ,just use the bitcoin price crash.And don't think it will reduce further,if the price increase .You are forced to buy a bitcoin at some high price.At that time you will feel for the opportunity loss.So buy some at all the dip for the profit.
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April 07, 2018, 09:29:22 AM
 #10

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

if ever the bitcoin fall into 5k$ this is a good sign to bought again because when the fall unto a deep they have a inter reflection action to rise again. I was read the prediction "Boom or Bust" Bitcoin, inside the articles bitcoin a 19k$ this is not a ATH of bitcoin cause they have a another ATh in the end of 2018 which a 60k$ but they have a big fall price of bitcoin which ia a 5k$ per bitcoin. I think rught now wgat happen the flow in the market is a based of the prediction.. try search on the google Boom or bust bitcoin.
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April 07, 2018, 09:50:05 AM
 #11

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

I suggest to wait since there are bad factors that indicates that bitcoin can possibly go for $5k level and you might regret if you buy rushly, But also try to became more active to follow the tracks since maybe we might experience a sudden bull run and you should put an eye on it so that you wouldn't be left to the profit gaining if the said run will happen.

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April 07, 2018, 12:18:15 PM
 #12

Just as I thought most of us had run out of capital, here I see others happily entering a buying glut. Just read as well that Localbitcoins ia experiencing record volumes in several countries too... Which is a good sign as that was exactly what happened in late 2016. Local buying appetite in southeast Asia then, helping fuel the 2017 boom.

Buying like horny teens eh? If the volumes on coinmarketcap exchanges aren't picking these up, maybe there's still a lot of life in p2p and otc, after all.

Exactly! It has a lot to do with the taxes. With the deadline coming in and the governments waking up to the possibility of cashing in, people are overreacting and trying to disappear with their coins. On top of that some governments have taken a scarry approach. I've recently read about the tax office in Poland that is trying to extort user data from their local exchanges. They demand them to hand over not only their user's trade history but also their crypto addresses and want everyone to pay 1% tax on every trade Cheesy This is probably the biggest extortion attempt in the history of cryptocurrencies right after the police in Venezuela stealing crypto miners from people to mine for themselves.
P2P exchanges and local cash trades are going to become huge in some countries.
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April 07, 2018, 01:21:23 PM
 #13

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?
All those predictions are not accurate, specially based on crypto market. The price is unpredictable. Its better to start investing now and keep investing smaller amounts. As the price starts to fall increase your investment. This way you will be reducing your risk of losing a lot. Anyways the price are now predicted to go back up on Q2. The tax seasons are almost over and people will start back investing on bitcoin.

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April 07, 2018, 01:24:41 PM
 #14

All those predictions are not accurate, specially based on crypto market. The price is unpredictable. Its better to start investing now and keep investing smaller amounts. As the price starts to fall increase your investment. This way you will be reducing your risk of losing a lot. Anyways the price are now predicted to go back up on Q2. The tax seasons are almost over and people will start back investing on bitcoin.

Yeah this is true. As much as possible, always invest whenever there's an opportunity, with the current price right now. I think I won't wait for the price to hit the 5000 level because it has gone down much and we cannot totally predict how the market would go.
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April 07, 2018, 01:26:47 PM
 #15

It is already at the $6k level because it is continuously going up a little and then coming back to this level. Many people say that it might go down to $2k but what if it doesn't. Considering it's all time high at $19k I think buying it at $6k would be a steal deal. So I consider this as the best buying opportunity because once it starts to rise up by crossing $12k I don't think it will ever again come back to this position.

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April 07, 2018, 02:02:23 PM
 #16

No someone can 100% guarantee about the price if you brave take the risk man, buy now. We don't know later it can be a pump or it can be another dump Smiley. I want take that risk by buy now  Grin
GayOfThrones
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April 07, 2018, 02:08:02 PM
 #17

Technical data actually says that BTC can now go down even further, until $4970 to say the least or even $3000 in worst case scenario, as a target of the inverse head & shoulders pattern which has been forming.

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April 07, 2018, 02:10:32 PM
 #18

Buy half of 6000 and the other half of 5500. It is possible that you can buy more at 5000 or less. Be prepared for that.
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April 07, 2018, 07:14:34 PM
 #19

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?
I'd rather buy Bitcoin for as low as $ 5000. and hopefully, that happens. Maybe I'll get rich if I manage to buy Bitcoin for $ 5,000. Cheesy Cheesy Cheesy

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justin86
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April 07, 2018, 07:27:16 PM
 #20

I am going to buy bitcoin if it breaks out $8000, but for the short term. I don't want to hold bitcoin for the long term, other coins have more potential compared to bitcoin. It will be underperformer.

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