Bitcoin Price: Wait for Clear Bull Trend before Buying More Cryptocurrency

[kentrolla]

I agree with all the comments here. The point is that we think long-term. If you believe in bitcoin long-term, it doesn’t matter if you buy today and drops more. However, I think they are speaking to traders. If you are looking for short-term profits, it doesn’t make sense to buy now if you think it is going to go down.

Yes it really doesn't matter whether there are numerous pump and dumps if you are investing for a long term and current price doesn't matter, but most of the users in this forums are either traders or signature campaign hunters so it really matters for them.

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[justdimin]

That is exactly what people have always warned not to do so far.

"Buy low and sell high" is a real thing and if you wait for a trend to come first and buy afterwards you will be late. Remember those people that bought bitcoin at $20k ? Those people thought bitcoin was going so high that buying even at $20k levels would have been great. People that bought anything between $12-$20k levels ? They are all in a loss, why ?

Because they bought a trend price. Right now when the price is as low as it gets buying is a great thing, do not overbuy your position but definitely much better than buying when its going up.

[naidray]

That is actually one right thing to do than to be trying to pick the pieces while thinking you have picked the bottom but at the end of the day though, it all depends on each person's strategy.

Yes, it is a good thing to wait for a clear bull run, but the fact remains that a lot of the coins have actually ended up in their bottom at the moment and pretty much consolidating. It is a volatile market though and no one knows how well the market would hit the bottom further, but one thing actually at this point is that we have plenty easy buy for the altcoins. However, since we are talking bitcoin here, I would say being in a triangle and moving sideways, it is actually a very good step at this moment than rushing into the market which can be pretty risky.

[Slow death]

Wall Street strategy firm Fundstrat Global Advisors is among the mainstream financial industry’s biggest long-term cryptocurrency bulls. However, the firm is advising clients to hold off on buying more bitcoin — at least for right now.

Oh this is something unbelievable, let's see the following:

Fundstrat Global Advisors, LLC.

150 East 52nd St, 31st Floor

New York, NY 10022

Until here it's okay, my indignation begins here:

https://www.fundstrat.com/firm/team/

Thomas J. Lee, CFA

You remember Thomas J. Lee, right? Oh, if you do not remember, maybe this will make remember:

Wall Street’s Tom Lee Says Bitcoin Price to Hit $22K by Year’s End, ‘Can Reach $25K’

so why are they advising their customers not to buy bitcoin if they said: " Wall Street’s Tom Lee Says Bitcoin Price to Hit $22K by Year’s End, ‘Can Reach $25K’ "

[wuvdoll]

But the strategy need to be buy right now and wait foe the bull run,right? Since we can't identify when the bull run begin.

People can buy now who are hoping that crypto currencies will be the future of currency system so for them the current price will be much beneficial but fot the traders then need to be more analytic.

Well, the thing is it all depends on how you have your plans sorted out when it comes to buying into the market. For instance, a lot of people who are going long without any strategy of being able to monitor the market, would obviously just stick with the idea of buying the dips, if it comes more, then you buy more.

For seasoned traders however, we all know sideways movement is not a movement at all most especially when direction can be in two either ways which is up or bottom. For now, we just have to be patient and see the break out, if it is with a volume and the chances of bulls back into action actually, nonetheless, it depends on your level of risk actually and if you feel you can monitor trend, buy now, then no shit.

[Gastotade]

I agree with all the comments here. The point is that we think long-term. If you believe in bitcoin long-term, it doesn’t matter if you buy today and drops more. However, I think they are speaking to traders. If you are looking for short-term profits, it doesn’t make sense to buy now if you think it is going to go down.

Yes it really doesn't matter whether there are numerous pump and dumps if you are investing for a long term and current price doesn't matter, but most of the users in this forums are either traders or signature campaign hunters so it really matters for them.

If we get a chance to see a good ICO we should think about the project purpose and role until the future. So if the price dump it will be easy for ua to deal with.

[okala]

That is a very good advice and I think it will save of a lot of funds as the price's of bitcoin might still be going down.  The technical indicators are not clear about the trend and that means we have to wait for fundamental or news before investing. BITCOIN market seems to recover and I am also thinking that whale may be trying to push the price upward.

[thecodebear]

Fact is the clear buy signal has already been activated. It is clear to anyone paying attention that the bear market has ended. The price is scraping along the very strongly established bottom (which is exactly where you want to buy in!) as it transitions towards the start of the next bull market. Sure the bull market probably won't start for another let's say one to four months, but we're at the bottom now so this is when you want to get in. If you wait for the clear bull trend before you buy you'll be buying at $8500 instead of buying at $6400 now.

[1Referee]

Fact is the clear buy signal has already been activated. It is clear to anyone paying attention that the bear market has ended.

It's a hard one to call because everyone here has a different opinion on when they believe the bear market is 'officially' over, and everyone's opinion is pretty valid in its own way as long as we haven't broken through multiple previous lower highs. Even if we climb up towards $8000-$9000 it's not a guarantee that we won't fall below $6000 again, or maybe even lower.

From my personal standpoint, we really have to smash through the psychologically important $10,000 barrier in a confident manner in order to talk about a potential end of the bear market. Breaking that level is important in so many ways, that it might even result in a pump towards $11,000-$12,000 shortly after.

[coinplus]

I always love great research journalism. Thanks for that

Dude both said not to buy bitcoin and also said it could reach $25k ? This is the same people that keeps up saying "always knew what the price would be here are the examples". Dudes make "it will go down" and "it will go up" estimates constantly and than after couple years of doing "both sides may happen" type of topics they return and find the correct ones and just make a page of how they "knew" the price would do and hide the ones that stated when they said the other ways as well.

You can literally make a page of how they never knew what the price would be as well because they always talk about the both possibilities.

[Bitcotalk]

That is a very good advice and I think it will save of a lot of funds as the price's of bitcoin might still be going down.  The technical indicators are not clear about the trend and that means we have to wait for fundamental or news before investing.

It depends on each individual and how they approach the market, some are usually conservative while some are aggressive, but the most important thing is to always have a plan when you are trying to trade a market as you can jeopardize a lot of things if you do not.

For instance, I always tend to mix both being aggressive and conservative once in a while depending on the condition of the market and depending on the risk to reward ratio of where I am buying the market from. For now, $6000 - $6100 has been a very good support, and I can at least still keep taking advantage of those moves gradually until we get to see a final breakout.

[BlackSociety]

I have given up on the idea of a bull market, because I have not seen any hope. Of course, the ETF may cause a revolution, but it is also far away, isn't it?

[tbterryboy]

Fact is the clear buy signal has already been activated. It is clear to anyone paying attention that the bear market has ended. The price is scraping along the very strongly established bottom (which is exactly where you want to buy in!) as it transitions towards the start of the next bull market. Sure the bull market probably won't start for another let's say one to four months, but we're at the bottom now so this is when you want to get in. If you wait for the clear bull trend before you buy you'll be buying at $8500 instead of buying at $6400 now.

Nothing is certain yet and by transitioning, I hope you are not trying to say that based on the USDT pump that happened across board. The truth is that for most traders that are conservative enough, before anyone would want to start getting in at all, they will be looking at a break out first before even getting to buy into the market, and while some would even wait for some resistance level to be broken even if they would have to consider going long. It all depends on each individual and the way they see and trade their own strategy either as a trader or as an investor.

[South Park]

That remains simply their own very opinion,since as we all know that the market is unpredictable,most investors should actually favor the purchase of bitcoin right now that the price is fairly stable as a pump or bull run could be in the horizon(mere speculations though).

Why wait for improvements before purchasing the bitcoin,when you can actually buy and wait for improvements to be in line for huge profits.

What you should do in this market depends entirely on your strategy, for someone thinking on holding his bitcoin for the long term there is not much of a reason to wait for the price to get any better, this is a great moment to buy and a couple hundred dollars of difference are not very critical if you are planning to hold for years, but if you want to hold for only a few weeks or months then waiting seems like the right choice.

[Pursuer]

as an investor you always want to buy at the bottom not when the rise is already half way on its way. of course in bitcoin the rises are always big so there is a lot of time to get on board for example last year the bull run started and the price reached previous ATH and that was the sign to get in and since the rise was big (to $20k new ATH) there was a lot of time but the time to buy was when price was lower at the bottom near $800-$900. and now is the same. you want to  accumulate at the bottom when price is stable at $6k not when it already rose up and you missed the cheapest possible price.

waiting for the bull run to start is the safest method of investing and that is only good for traders not investors meaning those who want to make profit in short term by buying and selling bitcoin constantly not just buy and hold and sell or spend in long term.

[Simpan]

I agree with all the comments here. The point is that we think long-term. If you believe in bitcoin long-term, it doesn’t matter if you buy today and drops more. However, I think they are speaking to traders. If you are looking for short-term profits, it doesn’t make sense to buy now if you think it is going to go down.

Yes it really doesn't matter whether there are numerous pump and dumps if you are investing for a long term and current price doesn't matter, but most of the users in this forums are either traders or signature campaign hunters so it really matters for them.

For the ordinary holders like me, I think the bitcoin price is good to buy for the long term.

[Ridwan Fauzi]

Being a cryptocurrency investor must have a high confidence against the decisions that have been made, surely with the knowledge he has before intending to invest. And also, an investor must have an attitude and dare to take quick decisions, if only thinking about a price to decide he should buy because it's the best time, I don't think he has really studied cryptocurrency properly.

Indeed, the beginning of the bull run is the best time to start an investment so as the risk will be faced is a little, he simply focuses on the targets he has made before. However, to find out about this is the most difficult way I have found. Price changes cannot be assured of fundamentals or technicalities, but price changes move on their own without someone knowing. Based on these things waiting for the bull run come and you start buying it, I guess that is a useless way.