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

[BitHodler]

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,

It's actually not that bad. The hashrate managed to reach 50 ex/s again while the price was hovering below the $4000 mark, which is an indication of how strong the mining aspect of Bitcoin is.

I think the miners that were forced to shut down were largely speculators betting on a jump back to $20k, which clearly didn't happen. This hashrate will return eventually, it's just a matter of time for the price to recover.

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.

How will it destroy mining? The difficulty adjustment is a feature of Bitcoin for a reason. If the hashrate drops, the difficulty will too, and we have seen that already after the drop from $6000 to $3000.

Don't believe news outlets spreading fud. Bitcoin mining worked well for a decade without problems, and so will it do the next decade(s), regardless of the price.

[STT]

What is your strategy now that you watched the entire bottom go on by are missed it entirely?

Its never too late really.   There is a good reason why regular buying will often do better then people trying to time precisely.    
Missing the bottom or the other way round, missing the perfect sell at the peak top is actually a fallacy.   The peak and bottom is quite small in number volume wise and the majority of people are what forms the trend upwards and there is no negative is spotting and joining that trend.

I still think we are in a loop that will come around.    People are imagining it more simply then it probably will unfold as, to get past 6500 will like breaking down a wall.   We'll have to back up more then once to get through imo

[leowonderful]

Naturally I'm a bit annoyed as I was planning on buying in as soon as BTC hit my buy orders at $3000 and that ship has sailed for the moment, but I'm indeed buying in some now through DCA and setting some buy orders below where we are now in case we break down to the $4000s or $3000s again, though I'm keeping a few longs I have from $4900 open for now. Trying not to let the FOMO get the best of me, but it's a bit difficult for me this time around. I never expected things to go too far below the lower $3ks to upper $2ks though, always seemed like the bears were getting a bit ahead of themselves with the $1k and $2k calls.

[gentlemand]

Anyone married to a price before it happens with no plan if it doesn't is a bit of a silly sausage in my book. Plan for eventualities by all means, but that eventuality not happening is an eventuality in itself.

Anyway I think we should get this year over and done with before declaring any price projection for the downward part of this cycle dead and gone.

[pooya87]

Naturally I'm a bit annoyed as I was planning on buying in as soon as BTC hit my buy orders at $3000 and that ship has sailed for the moment,

this is why it is always preferred that you place multiple orders at different prices instead of putting it all in one order and hoping for that to be the best option. specially in bitcoin that price is volatile and sometimes we see very unexpected movements, this method of spreading orders is very helpful.

[leowonderful]

Naturally I'm a bit annoyed as I was planning on buying in as soon as BTC hit my buy orders at $3000 and that ship has sailed for the moment,

this is why it is always preferred that you place multiple orders at different prices instead of putting it all in one order and hoping for that to be the best option. specially in bitcoin that price is volatile and sometimes we see very unexpected movements, this method of spreading orders is very helpful.

I always do stagger some of my buy orders out, but in my situation prices didn't reach the point where the bulk of my buy orders were situated (at $3k). Wasn't the greatest situation but I'm now looking for better entry(s) into BTC again, can't change the past. Not putting too much in at the moment though because I'm not fully convinced we're out of this bear market yet.

[shesheboy]

What is your strategy now that you watched the entire bottom go on by are missed it entirely?

Its never too late really.   There is a good reason why regular buying will often do better then people trying to time precisely.    
Missing the bottom or the other way round, missing the perfect sell at the peak top is actually a fallacy.   The peak and bottom is quite small in number volume wise and the majority of people are what forms the trend upwards and there is no negative is spotting and joining that trend.

I still think we are in a loop that will come around.    People are imagining it more simply then it probably will unfold as, to get past 6500 will like breaking down a wall.   We'll have to back up more then once to get through imo

there is no real bottom here in crypto  . the price can decline depending on the mood of the hodlers and whales therfore you cant say that the guy already missed the boat  . 2k , 1k and below may take more time to achieve again because the demand for cryptos are now also increasing the longer the days have passed therfor like what you said above , buying gradually from this price point will also be beneficial than waiting at the dip  .

[ethereumhunter]

I think we don't have to wait for a long time if we want to buy bitcoin. But we need to have a strategy so we could get a low price in every order. So maybe when the price is down, we can buy some part of bitcoin, and waiting for the dip or another lowest price. But that is difficult to see $3000 as we are now reaching $4900 and the price seems to stay at that price.

[jademaxsuy]

Probably only few of the users are waiting for bitcoin marlet to go down kn below 3k. This because the remaining investors are real holder and does not afraid to what they lose. Anyway, wether it will fall or not, the real holder will still hold.

Now that the market slowly recovering then investing right now is a gold idea at all.

[davinchi]

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.

There are thousands of people out there that will rush into buy when the price falls to that amount, I wish Bitcoin can just shortly test that, then we will have proof of how popular bitcoin is, in fact, I can bet that from that 1000 dollars, bitcoin might jump to its ATH within a short time.

Unfortunately, it a bit sad that it will be impossible for us to reach that low price again, what would have caused the crash of price is so far from the interest of people, no one is willing to let his coin go now, because we have more strong investors in this market than the weaker ones. If there is anyone still dreaming of low price, they had better wake up from the 1000 dream and face reality please.

[1Referee]

Unfortunately, it a bit sad that it will be impossible for us to reach that low price again

If you think that's so, then buy as many coins as possible right now and hold them for a long time. That's the only way to not feel like that again during the next bull wave.

I remember back in 2015 that I found $500 a bit too high to dollar cost average into the market after having bought myself a good number of coins below $300, but look at where we are right now. Feeling sad about missing the boat is something you should do when we're hovering over the $100,000 level, and not at current levels if you're interested in the very long term.

[fourpiece]

Definitely they are buying at this point, they are tired waiting for bitcoin to drop at 2000$.  They think that this year is another year for the bears but they are wrong,bulls  will dominate this 2019.

[cellard]

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.

I think it's exactly the opposite: If democrats win, people with money will start panicking at massive socialist policies ruining their wealth, which will force them to diversify into neutral assets and Bitcoin is the best neutral asset ever outside of governments reach, and governments while sometimes are good, they can become insane and punish their citizens by unreasonable confiscation. Democrats winning may trigger this either by fact of FUD, so they will buy. I can see gold and Bitcoin going up, Bitcoin by several orders of magnitude higher of course.

As far as china goes, I don't really know what happened but seems like the market doesn't give a toss about China anymore.

[Wexlike]

Simply sharing thoughts of what may possibly play out in the future. It appears as though we no longer have much supply (people willing to sell). Which resulted in the beginning of a mark-up with a sign of strength above resistance that was previously around $4,200. I do not anticipate us falling down to $4,200 again because they likely think most believe we will fall to it to test it as support. I'm also expecting us to test the 21 EMA in the 12h time frame eventually BEFORE last week of May or first week of June.

Which is when I believe we begin to go up and through the $6k price level to approximately $7,800. Why? So that when we fall back down to establish support, they will make support around $5,500 with a trading range between $5,750 and $6,500 until last week of September to first week of October where we begin with an up-thrust again to show sign of strength to a establish an even higher trading range.

[exstasie]

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.

I think it's exactly the opposite: If democrats win, people with money will start panicking at massive socialist policies ruining their wealth, which will force them to diversify into neutral assets and Bitcoin is the best neutral asset ever outside of governments reach, and governments while sometimes are good, they can become insane and punish their citizens by unreasonable confiscation. Democrats winning may trigger this either by fact of FUD, so they will buy. I can see gold and Bitcoin going up, Bitcoin by several orders of magnitude higher of course.

I don't think Democrat vs. Republican really matters here. Bitcoin performed quite well under Obama and did quite well under Trump too. I think it'll do just fine under the next president, whoever it is. Policy-wise, the two parties exist on a pretty narrow spectrum. It's all a big dog and pony show. The main question to me is how Bitcoin performs in a global financial or currency crisis. I think we're at least a few years away from that given the confidence in the equity markets.

[cellard]

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.

I think it's exactly the opposite: If democrats win, people with money will start panicking at massive socialist policies ruining their wealth, which will force them to diversify into neutral assets and Bitcoin is the best neutral asset ever outside of governments reach, and governments while sometimes are good, they can become insane and punish their citizens by unreasonable confiscation. Democrats winning may trigger this either by fact of FUD, so they will buy. I can see gold and Bitcoin going up, Bitcoin by several orders of magnitude higher of course.

I don't think Democrat vs. Republican really matters here. Bitcoin performed quite well under Obama and did quite well under Trump too. I think it'll do just fine under the next president, whoever it is. Policy-wise, the two parties exist on a pretty narrow spectrum. It's all a big dog and pony show. The main question to me is how Bitcoin performs in a global financial or currency crisis. I think we're at least a few years away from that given the confidence in the equity markets.

I think it's rather obvious that Bitcoin is going to outperform every other asset on earth when the recesion hits (not if but when..). Im really scared of having money on the bank within the next 10 years or so. I hope shit doesn't get extremely dangerous... a recession will help Bitcoin but collapse of civilization will not help anyone.

I see Bitcoin going to $100k easily within the next decade given the bonds collapse, governments failing to deliver on their promises of social pension funds and so on. It's really scary for millennial to think long term. You want to pay your taxes and do good but at the same time you have this fear that everything you put in your bank is going to be stolen when shit hits fan. This will drive Bitcoin hodling strategy a big rise. As a neutral asset it really doesn't get anything better. Gold will continue underperforming and Bitcoin will continue doing a better task at what gold should be doing.

As far as democrats vs republicans.. well, I think democrats tend to do more QE practices, but still it's all the same, neither democrats or republicans want to be the one in power that admit the unpayable debt is indeed unpayable.

[gentlemand]

I think it's rather obvious that Bitcoin is going to outperform every other asset on earth when the recesion hits (not if but when..). Im really scared of having money on the bank within the next 10 years or so. I hope shit doesn't get extremely dangerous... a recession will help Bitcoin but collapse of civilization will not help anyone.

I feel the exact opposite myself. If everything went down the tubes I believe crypto would take the shit of the century. It's still viewed a plaything, not any type of lifeboat. No one hangs on to their plaything if things get tight.

It is of course all down to the timing. If real contraction happened ten years from now things would look very different and Bitcoin's position would be much more established. If it happens in one year then it stands no chance of keeping its head any further above water than anything else.

[exstasie]

I think it's exactly the opposite: If democrats win, people with money will start panicking at massive socialist policies ruining their wealth, which will force them to diversify into neutral assets and Bitcoin is the best neutral asset ever outside of governments reach, and governments while sometimes are good, they can become insane and punish their citizens by unreasonable confiscation. Democrats winning may trigger this either by fact of FUD, so they will buy. I can see gold and Bitcoin going up, Bitcoin by several orders of magnitude higher of course.

I don't think Democrat vs. Republican really matters here. Bitcoin performed quite well under Obama and did quite well under Trump too. I think it'll do just fine under the next president, whoever it is. Policy-wise, the two parties exist on a pretty narrow spectrum. It's all a big dog and pony show. The main question to me is how Bitcoin performs in a global financial or currency crisis. I think we're at least a few years away from that given the confidence in the equity markets.

I think it's rather obvious that Bitcoin is going to outperform every other asset on earth when the recesion hits (not if but when..). Im really scared of having money on the bank within the next 10 years or so.

I wouldn't be so sure about that. It really depends whether we're talking about a conventional recession or a currency collapse, and the timing of it all. Not only has Bitcoin never experienced a recession (so we shouldn't make any assumptions) but speculative assets generally don't do well during these periods. In fact, basically no assets perform well in recessions because they are economic contractions where money flows out from basically all markets. As a highly speculative asset, Bitcoin will definitely crash in a conventional recession.

In a currency collapse scenario, what you're saying is more believable, if/when Bitcoin becomes much more established, adopted, and reliable. People are rightfully still quite skeptical of Bitcoin's viability given it's still experiencing major critical bugs at this stage. We can perhaps make some more assumptions after mass/mainstream, institutional, and government adoption have taken place, but not before.

I'm also doubtful of the currency collapse scenario inside 10 years for the same reason gold bug doomsdayers have been perpetually wrong about the impending collapse for my entire life. Markets = patient people taking money from impatient people, and the reason that's true is because most people have no grasp of how long market events and cycles take to play out. They see months and years when they should be looking at decades.

[Mahanton]

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?

Sounds very funny but people do actually made these arguments and also you cant still laugh yet we know crashing out from 5k to 2k wont really be that hard.
Arent you aware on how btc price would dump its price? The point here is that missing out the opportunity to buy cheap and yes ive seen those people who do keep saying dumping the price
below on 1k which is really unrealistic or hard to believe.Most of them or all of them actually missed out the profits have possibly made from 3k to 5k.

[STT]

I wouldn't be so sure about that. It really depends whether we're talking about a conventional recession or a currency collapse, and the timing of it all

That'd be the crux of the argument.   A standard recession is not what we will be facing any time soon.    A normal pull back involves hard money, it may mean higher interest rates then inflation but this cant happen as there are so many bonds paying dollars that are due to expire near term and this will mean loose money.

We are stuck with proposition which is weaker currency this year, next year and the next decade.   In this atmosphere a better alternative is what the market will seek, its very possible crypto will be part of that solution if not as a hold then at least in transition and in commerce online for digital transactions.   Its very relevant for that and is a global standard of its own, not undermined by QE or debt, or fiscal budgets of one country.   

I'd agree if we were facing a conventional pullback, speculative assets do suffer true enough and crypto is cutting edge.    Its possible for it to have some utility for situations of some distress.   Nobody reading this really believes some of the worlds richest countries could be in distress, thats make believe in most peoples perception.  The answer is the governments budgets are heavily flawed, in some cases insolvent.   Again disbelief I'm sure, because they can always print more money and I agree that is exactly whats going to happen which is very loose money