How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now?

[exstasie]

You got to appreciate some bearish action from time to time. The longer people remain bearish while the price keeps going up, the harder they will end up fomo buying out of frustration.

And that's what classic bull market sentiment is like: most people are skeptical of any rise, assuming it will get smacked down like every other bull trap for the past year. Shorts stay heavy, providing fuel for more rallying. All the while, the market climbs a "wall of worry."

That's not what we're seeing right now is it? I'm seeing bulls gloat left and right. That's not bull market behavior at all. I agree with Masterluc that the long term bias has changed to bullish, but I'm guessing bulls are soon going to be punished for this overconfidence. We're probably heading back to the $3,000s by May or June and this buoyancy will fade away.

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[pooya87]

But if people are mostly speculators (and they are), then yeah, they're waiting for entry points and exit points as most traders are taught to do.

that's true but you really can't expect a 99.9999% price drop and wait for it before choosing your entry point! after a drop as big as 85% it shows that it is past time to choose entry point so those who were/are waiting for low prices are crazy in my opinion specially those who do it because of some FUD they read.

[Kasabus]

They feel stupid, bitcoin cannot go down that low as it has dropped significantly.
Predicting that low is like they want bitcoin to die, if they maybe believe and just want to accumulate that price, then they are wrong.
I think they already miss the dip, bitcoin starts its engine now going to the moon.

[Aryleeto]

You should never wait for the bottom and especially catch it , I think it is best to split the Deposit and buy it in parts , I would not buy at the moment , I would take from 4800 and below.

[Idrisu]

We had 4.5 months at the bottom in the $3000s. Smart money was filling up the bags. But I saw plenty of people on here adamant that it would continue crashing to 2000s or 1000s or some ever said it'd drop to like $800 haha. I remember arguing with someone that people need to be buying the bottom ($3000s) to get the best deal, and he was arguing that its better to buy higher later on once it has started going up (makes no sense to me!).


So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices? Will you wait for like $7000 or $8000 or $10,000 before you start buying? What is your strategy now that you watched the entire bottom go on by are missed it entirely?

The reality is that it is very difficult to predict the market and when bitcoin went down to $3150 many of us were still expecting it to fall down further.  The market has started recovering and that is the major reason why we should see this market as a risky one and we should invest based on risk in mind.

[thecodebear]

So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices?

I'm not saying that the prices will still drop, as no one knows in the first place, but how did you even come to the conclusion that sub 3000 will never come? It's still definitely possible. Dropping down to below 3000 is just somewhere around a 50% drop from the current price($5,318.80 as we speak), which, if you've been in the cryptocurrency space for a while, you would know that 50%+ drops aren't even rare.

With the next halving a little over a year from now, I'd be pretty suprised if sub $3ks comes, or sub $4ks for that matter. This isn't the uncertain times when China was  dumping loads anymore. The best thing that ever happend to crypto was Chinese being banned and getting the fuck out, the second best was Trump. Now, if the next president is a democrat in 2020, panic of  regulations could ruin the next pump. Hope it doesn't happen, but there it is.

oh god. a trump fan too. Winslow asshole status confirmed 1000x over now!

Bitcoin seemed to do just fine under a democratic president. What party has held the white house has had no impact on bitcoin, obama or trump. There has been zero federal legislation on cryptocurrencies so its had zero impact. The only thing there has been is some SEC stuff on ICOs, which has nothing to do with the president. Not everything is about politics buddy.

[1Referee]

with everyone calling the bottom now, and big expectations for the 200wma to hold, i'm curious to see how hard this can pull back. this kind of sentiment always gives me pause.

I am still short just under $5000 and will keep the short open as insurance, but the fact that Tether printed like 300 million USDT makes me less confident about major correction. This is new money entering the system, which we haven't seen in quite a long time. This somewhat reminds me of what happened just before we broke $6000 last year. Tether took like 500 million USDT out of circulation, where not long after that, the price tanked badly.

CZ of Binance very recently said that new money in form of stablecoins is entering his exchange, and with how more USDT is being printed, this doesn't come as a surprise. We'll see where it goes, but being bearish for too long can be harmful too.

[exstasie]

CZ of Binance very recently said that new money in form of stablecoins is entering his exchange, and with how more USDT is being printed, this doesn't come as a surprise. We'll see where it goes, but being bearish for too long can be harmful too.

No doubt the market has exhibited strong demand, and for the first time since last year. So we should expect some money flow into exchanges as shorts close and last year's sellers buy back their coins. But after the market has risen 75% from the lows and approached major resistance, I think it's only sensible to start locking in some profits and looking for shorts. I'm turning bullish on the market myself (long term) but realistically it'll take several months more action to confirm a real reversal.

[Siren]

Thats the risk of investing in this volatile market as cryptocurrency and this must be happen because imagine if all investora are profiting what will happen to the market?there must be loser for us to have a winner and without this for sure were all done in this community. So accept that reality and goodluck for the next venture

[eaLiTy]

We had 4.5 months at the bottom in the $3000s. Smart money was filling up the bags. But I saw plenty of people on here adamant that it would continue crashing to 2000s or 1000s or some ever said it'd drop to like $800 haha. I remember arguing with someone that people need to be buying the bottom ($3000s) to get the best deal, and he was arguing that its better to buy higher later on once it has started going up (makes no sense to me!).

Investing into any financial market is a personal choice and if someone waited long enough to see the bottom it is their individual choice and those penny investment does not make any difference in the market, so who is crying about it, basically no one, there are players who like to invest on seeing a big rally to earn the profit and get out before the rally ends. Everyone has their thoughts and ideas on when and where to invest. What I am trying to tell is that, it is not a big deal if someone misses out at the bottom.

[mrdeposit]

The majority was hopeless about the price increase, so this increase was a good answer. Already, the unbelievers have lost a great chance.
Indeed, the stagnation is continuing in recent days. But, with a small push, I hope it can be continuous.

[Adriano2010]

Well, i never wait for such low price, instead i wait for a much higher grow, but i'm ok with the price now and i expect much grow of price even if this will happen little by little.

[timerland]

We had 4.5 months at the bottom in the $3000s. Smart money was filling up the bags. But I saw plenty of people on here adamant that it would continue crashing to 2000s or 1000s or some ever said it'd drop to like $800 haha. I remember arguing with someone that people need to be buying the bottom ($3000s) to get the best deal, and he was arguing that its better to buy higher later on once it has started going up (makes no sense to me!).


So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices? Will you wait for like $7000 or $8000 or $10,000 before you start buying? What is your strategy now that you watched the entire bottom go on by are missed it entirely?

I think the fact that the markets were moving sideways and consolidating for that period of time down at $3k-4k, as opposed to the volatility we saw earlier on during the bear market should have been an indication enough that the bear market was about to bottom.

This is why dollar cost averaging works, even if you don't know whether or not it's the bottom, you don't miss out on the opportunity to accumulate.

I still think that for long term investors, even this level is a viable accumulation point, because if you look in the market right now you'll still see a degree of irrational fear that BTC will somehow just collapse altogether, which is keeping prices down. And since the long term outlook now is quite bullish, I would continue to accumulate for the long run, until we see the first signs of over-excitement within the market.

[figmentofmyass]

I think the fact that the markets were moving sideways and consolidating for that period of time down at $3k-4k, as opposed to the volatility we saw earlier on during the bear market should have been an indication enough that the bear market was about to bottom.

wasn't it the same during the summer last year? that was a tight range with low volatility. but we broke down instead of up.

you never know whether a range is really a bottom until the market breaks up and moves away from it. we've had the first weekly higher high since the 2017 top, so that's definitely an early sign of bottoming.

but that doesn't mean bulls are just on easy street now. bitcoin tends to trend hard in both directions, so once price swings back down, everyone is gonna start expecting new lows. we'll see lots of profit taking and loss cutting and harsh declines. i think we'll be stuck below $6000 for several months.

[Indrawan77]

Well nobody know what is the bottom of bitcoin maybe that time 3000$ next time it could be 1000$, but people need to see the potential in the future, see how well the adoption and the market condition, bitcoin has been progress so well, so invest for long term will still profitable, now the price has been moving upward and I believe the price will keep on going up, dont keep on waiting, dont miss the train and then regret

[Barbut]

Well nobody know what is the bottom of bitcoin maybe that time 3000$ next time it could be 1000$, but people need to see the potential in the future, see how well the adoption and the market condition, bitcoin has been progress so well, so invest for long term will still profitable, now the price has been moving upward and I believe the price will keep on going up, dont keep on waiting, dont miss the train and then regret

In 10 years it will have little or no significance did someone bought at $3,000 or $6000, price of single bitcoin can be very high in 5 years, more or less. Its not the point in waiting the train, its having a ticket for that train, having a ticket means that you have some coins. People mix trading and investing, trading on fluctuations and earning from that, it can be profitable but you can lose money like that too. There is no guarantees that you will make money with trading and investing, but with investing and just holding you are risking a bit less.

[shield132]

If someone was really waiting for 1000$ and below seems he/she had no hope of bitcoin's rise because it's clear that even 3K caused a huge drop in mining profitability and a lot of miners left bitcoin mining, 1k and lower would destroy mining, it wouldn't be worthy even for big companies like bitmain, bitfury and etc. Also 1k price after seeing of 20k would destroy hope for betterment.

[dothebeats]

Well for someone like me waiting for the price to go sub-$3000, it's quite a shame since I've been longing to buy in bulk and hoping that I'll enlarge my profits once I've hit that price point. (Un)fortunately, price climbed up and I'm pretty much breakeven by now considering that I also bought in the $6000 levels thinking that that would be the lowest price point possible in this current cycle. Right now I'm hesitant in buying right now though I've been pondering about that since we reached $4700 2 weeks ago. Perhaps I'll wait for another breakout before releasing the trigger for new coins.

[maxreish]

There are a lot of predictions by a lot of enthusiasts that it will go down below $3000 which I think is impossible right now. As you can see, the price of bitcoin right now is $5300, meaning that the market is opposite from what you have said. But let us assume that it will go down that price, then many investors will go and buy bitcoin if that happens.

[South Park]

We had 4.5 months at the bottom in the $3000s. Smart money was filling up the bags. But I saw plenty of people on here adamant that it would continue crashing to 2000s or 1000s or some ever said it'd drop to like $800 haha. I remember arguing with someone that people need to be buying the bottom ($3000s) to get the best deal, and he was arguing that its better to buy higher later on once it has started going up (makes no sense to me!).


So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices? Will you wait for like $7000 or $8000 or $10,000 before you start buying? What is your strategy now that you watched the entire bottom go on by are missed it entirely?

You are not going to hear from them, bears like to hide when the market is moving up and they only return once the price is clearly going down, however the kind of thinking that you are describing does not make sense, no one can predict the highest price and asset will reach and the same is true for the bottom, at some point you need to take a decision and take the risk of buying an asset even when it has not shown signs of a recovery, if you are lucky the price will not go down that much anymore but sometimes you will buy at an early point, like those that bought at 6000 before it crashed to 3500, but that is just part of being part of the markets.