The BEST time to buy bitcoin is not there yet,but coming soon, don't miss it !

[pooya87]

Getting a worse price later on is infinitely better than getting a better price now? Interesting investing strategy. though the math on that doesn't really pan out ;p

Tell that to the bulls buying dips all the way down through 2018, thinking it was the bottom every time.

You thought $6K was bottom, right? Your investment would be down 40-50% right now, and that's assuming you managed to buy at $6K. In general, people buying based on that bottom obviously would have bought even higher.

This is still officially a downtrend. Nothing but lower highs and lower lows. The long term MAs continue pressuring price down. With that in mind, you should assume price may crash again. At $1,500 your investments from $6K+ are starting to look unbelievably shitty, aren't they?

If you do the math and account for the risk, then waiting for signs of an actual reversal is much smarter. I appreciate you knife catching bulls but I also think you guys are sort of crazy.

different strategies demand different approaches. you say sometime about waiting until a bull run starts, that is ok too. but in this strategy the user may not want to invest a large amount in one go. there are a lot of investors who are slowly dumping their fiat and getting bitcoin in return. for example i may not want to buy $10000 worth of bitcoin, i prefer buying 10 times $1000 bitcoin instead (an example).
besides, could you guarantee price is going to fall when it was $6000+? so buying was logical.

[figmentofmyass]

if you think 300$ is a upward signal that you shouldn't be missing, good luck , you gonna need it.

That's funny. Bitcoin was stable in $6ks for months, and dumped to $3ks like over-fucking-night. Now bitcoin rose $300 to the mid $3ks you think that's a reason to fomo? gtfo

i think you misread him. he's definitely not saying to fomo. i'm pretty sure he would agree with you.

besides, could you guarantee price is going to fall when it was $6000+? so buying was logical.

only if your biggest concern is losing coins. if your biggest concern is retaining USD value, then it usually makes sense to wait for confirmation of a bull trend first. people who waited on the sidelines instead of buying off $6k benefitted greatly by waiting.

[Idrisu]

A very nice write-up though we have not started to really understand how this market behave.  It might need to go down a little in other to gather momentum for the next bull run.  It then means some professionals has place order below the current price.

[mikeywith]

besides, could you guarantee price is going to fall when it was $6000+? so buying was logical.

buying at 6k was very logical , worked out through out the year of 2018, however not selling when we broke the support was stupid, sorry for the word but it was clear as day.

i mentioned this here > https://bitcointalk.org/index.php?topic=5071613.120

and many people were mocking me for saying we are most likely headed to 3000-3100 , by simply using the ABC of charts. we went almost 50% down in price and some lambo boys are still waiting, i am pretty sure everyone who knows the basic of charting sold out by then, the massive drop explains it, the noobs however keep blaming the whales , same thing the noobs doing now, shorting bitcoin just above a major support.

all in all everybody has got his strategy, and my strategy says " don't put your money in an asset that is not going to move anytime soon".

[Febo]

besides, could you guarantee price is going to fall when it was $6000+? so buying was logical.

buying at 6k was very logical , worked out through out the year of 2018, however not selling when we broke the support was stupid, sorry for the word but it was clear as day.

i mentioned this here > https://bitcointalk.org/index.php?topic=5071613.120

and many people were mocking me for saying we are most likely headed to 3000-3100 , by simply using the ABC of charts. we went almost 50% down in price and some lambo boys are still waiting, i am pretty sure everyone who knows the basic of charting sold out by then, the massive drop explains it, the noobs however keep blaming the whales , same thing the noobs doing now, shorting bitcoin just above a major support.

all in all everybody has got his strategy, and my strategy says " don't put your money in an asset that is not going to move anytime soon".

Many people just dont trade. They buy when they need and sell when they dont need anymore. It is simple life and can be very profitable.

[thecodebear]

if you think 300$ is a upward signal that you shouldn't be missing, good luck , you gonna need it.

That's funny. Bitcoin was stable in $6ks for months, and dumped to $3ks like over-fucking-night. Now bitcoin rose $300 to the mid $3ks you think that's a reason to fomo? gtfo

i think you misread him. he's definitely not saying to fomo. i'm pretty sure he would agree with you.

besides, could you guarantee price is going to fall when it was $6000+? so buying was logical.

only if your biggest concern is losing coins. if your biggest concern is retaining USD value, then it usually makes sense to wait for confirmation of a bull trend first. people who waited on the sidelines instead of buying off $6k benefitted greatly by waiting.

but those people are still waiting going by that strategy, and probably won't be buying back in until its at $6k anyway to confirm that its not a bull trap, so no real difference. Though there's a big difference between buying now and buying in higher once bull market has started.

People can have whatever investment strategy they want, but you're guaranteed to get less bitcoin for you money by waiting until the price has been rising for a while to confirm the bull run started that simply by for months along the bottom.

[thecodebear]

besides, could you guarantee price is going to fall when it was $6000+? so buying was logical.

buying at 6k was very logical , worked out through out the year of 2018, however not selling when we broke the support was stupid, sorry for the word but it was clear as day.

i mentioned this here > https://bitcointalk.org/index.php?topic=5071613.120

and many people were mocking me for saying we are most likely headed to 3000-3100 , by simply using the ABC of charts. we went almost 50% down in price and some lambo boys are still waiting, i am pretty sure everyone who knows the basic of charting sold out by then, the massive drop explains it, the noobs however keep blaming the whales , same thing the noobs doing now, shorting bitcoin just above a major support.

all in all everybody has got his strategy, and my strategy says " don't put your money in an asset that is not going to move anytime soon".

cool. my strategy is get the most bitcoin for my money. don't really care if it takes 6+ months before the price starts moving up again because I know I'm gonna be holding it for probably 3 years until the next boom is in full swing. I'd rather hold bitcoin an extra half year and get more of it, thus getting much more value, then holding it for less time but losing out on 30% - 50% by waiting for the bull run to have already started. I'm got an average buy in of under $3500 right now and I've already picked up probably about 80% of the bitcoin that i will pick up along this bottom. So I'm loving accumulating along the bottom!

[pooya87]

besides, could you guarantee price is going to fall when it was $6000+? so buying was logical.

buying at 6k was very logical , worked out through out the year of 2018, however not selling when we broke the support was stupid, sorry for the word but it was clear as day.

i mentioned this here > https://bitcointalk.org/index.php?topic=5071613.120

and many people were mocking me for saying we are most likely headed to 3000-3100 , by simply using the ABC of charts. we went almost 50% down in price and some lambo boys are still waiting, i am pretty sure everyone who knows the basic of charting sold out by then, the massive drop explains it, the noobs however keep blaming the whales , same thing the noobs doing now, shorting bitcoin just above a major support.

all in all everybody has got his strategy, and my strategy says " don't put your money in an asset that is not going to move anytime soon".

i somewhat agree with the bold part because that is very true only for traders but false for everyone else. you see we all know exchanges are not safest places to use no matter where they are that is why many choose to be investors not traders. and they stay away from exchanges as much as they can.
with that said if you are a trader you should have sold before the $6k was broken. instead you should have sold when you saw the FUD start up with BSV fork attack and the whales begin getting ready to dump. when the dump came it was already too late.

additionally i strongly disagree with you suggesting you can predict the bottom by using "charts". it has never worked and it will never work in the future either. because these things can't be seen on the charts.

[mikeywith]

this all sounds cool assuming we have already bottomed, you see getting in too early can get you more bitcoin than getting in "safe" but it can also screw you over, if you have already spend most of fiat on btc at 3.5k range, what is your plan if the price drops to 1k?

[exstasie]

but those people are still waiting going by that strategy, and probably won't be buying back in until its at $6k anyway to confirm that its not a bull trap, so no real difference.

With the long term MAs descending into the low $5,000s and $4,000s, it doesn't look like $6K will be the top of any accumulation range. Chances are, we won't see it for a long time. If you're correct and the bottom is in, maybe towards the end of the year. That leaves ample time to wait for a more bullish price structure.

If $5K is the top of the range (much more likely than $6K), then buying a break and successful retest of that level would be a lower price than buying and holding above $6K last year. More importantly, you're likely to see immediate returns rather than bagholding with a nasty drawdown for more than a year.

And if you're wrong and we end up going to $1,500 from here or something, waiting pays off big time yet again. It's win-win to wait.

People can have whatever investment strategy they want, but you're guaranteed to get less bitcoin for you money by waiting until the price has been rising for a while to confirm the bull run started that simply by for months along the bottom.

That's not true. It all depends where the price rises from. The people who have been calling bottoms all the way down will have much worse average entries than people who still haven't bought.

[romero121]

Different forms of price predictions come forward with different sample numbers or surveys, with that from my view the bull run is yet to start. Same time the market won't be that bearish to buy at a much low bottom. Market has gained good support volume, so it is good to invest than waiting. Probably market will continue with the green trend for a longer time and reach $4000 before the ongoing month end.

[adaseb]

The way that markets move is it moves where most of the traders will start liquidating.

I am not saying that a $100 or $200 move will rekt most degen gamblers on Bitmex but I am talking about a $1000-$2000 move.

I was looking at the charts before we hit the bottom at $31xx and prior to that it looked like every dump was getting weaker and weaker because ran out of sellers.

Since there is no sellers left how can there be any money to be made? Basically by going the other direction.

Everybody and their Grandma knew $6000 was important support when it broke people sell stopped at $5800-5500 or so and if they didn't cover yet they are still sitting at a large profit.

The market will come after those traders first and then possibly head back down and get the FOMO longers out as well.

[shoreno]

What do you mean ?  I see that the price is now getting stable and increasing a little bit . base on that analysis i think the price wont drop anymore but that does not mean that we should now stop buying a bitcoin .  we must buy now because the longer you wait , the longer the value rises

[prtty2gal2]

Yeah, the liquid part is just too heavily one sided for the trader, you can try to make as much money as you can while you are right but that only gets you more hyped about the future, I know they are making a decent return when they are right but even if you make 10%-20% profits there is always that chance of losing ALL the bet. Hence when it goes one way the other way loses and when it goes the other way than others lose.

So there is absolutely no winning in bitmex because no matter what happens side A wins less than side B losses and all the in between is the liquidation for the bitmex who gets their big lion share of it. Bitcoin can always do something unexpected and we are not safe from either being at the helm of a drop at any given time hence people tend to at least bet on going down so if bitcoin goes up at least they win some but if it goes down they are secure with the short future.

[mikeywith]

we must buy now because the longer you wait , the longer the value rises

and i assume you said the exact same thing when bitcoin price was 6k? no ?

[voztata]

Why do you say it's not time to buy bitcoin yet ? If everyone refuses to buy bitcoin, how do you think the price will go high, I think all time is the right time to buy bitcoin especially now that it is still struggling with the $3850 - $4200 range before it's too late. I can only advise you not to buy now if you are looking for quick profit, but anyone that want to hodl can buy now.

[Febo]

Why do you say it's not time to buy bitcoin yet ? If everyone refuses to buy bitcoin, how do you think the price will go high, I think all time is the right time to buy bitcoin especially now that it is still struggling with the $3850 - $4200 range before it's too late. I can only advise you not to buy now if you are looking for quick profit, but anyone that want to hodl can buy now.

His arguments are that best to by is right before price start grow. OR soon after it start grow.  But reality is that you will do same or most likely better to buy now. Only difference is that for few months you will not be able to use your founds. since they will already be in Bitcoin.  For me I dont see anything else worth to buy anyway so best time to buy bitcoin was yesterday and second best time is now.

[mikeywith]

His arguments are that best to by is right before price start grow. OR soon after it start grow.  But reality is that you will do same or most likely better to buy now. Only difference is that for few months you will not be able to use your founds. since they will already be in Bitcoin.  For me I dont see anything else worth to buy anyway so best time to buy bitcoin was yesterday and second best time is now.

well explained Fedo , but allow me to add another point to the argument, which is the fact that we are not certain about the bottom.

while you could be paying a bit more if you wait for the "best" time to buy, you could also miss buy btc at a cheaper price.

so for someone like you who has no use for the cash in hand, it makes sense to buy now, but i wouldn't go all in, i will always keep the possibility of bitcoin making new lows.

after all my analysis or anybody's for that matter are nothing but "probabilities" that could be way too far from accurate at some point.

[mostcrack]

I think it's true, now is the right time to buy bitcoin. with the price that is still cheap and also safe to buy. even though we all don't know whether this bitcoin price will actually go up or down again. but, at least if it's right to go up, we won't miss the start to make a profit.

[mikeywith]

update:




we can see the 20SMA on the weekly is starting to look flat, we are getting closer to a golden cross, but we are still weeks away from a cross and a bull market.

I think we will still consolidate for at least 2 months before any significant move may happen.

the recent spikes were also a part of chart history > https://bitcointalk.org/index.php?topic=5125728.msg50358025#msg50358025 and nothing out of the ordinary, the only difference this time is that the price is reacting a lot faster.