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Author Topic: should I buy now?  (Read 1321 times)
andycarrol
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January 26, 2020, 09:47:21 AM
 #81

I did  buy in bitcoin over a month ago 7k the plan is  to be a long-term hold.  Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?

indeed sometimes it is the toughest temptation when we plan for long-term investment when it experiences a few percent increases we can't wait to always want to sell right away and make a profit.
if for the long term I will go for bitcoin, but ETH is also good because that coin always follows the flow of bitcoin. If you don't have a daily profit plan, it's better to hold onto for the long term, because this is still the beginning.
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January 26, 2020, 10:00:10 AM
 #82

If the price is you wanted and you can profit after the event then it is time to buy, but for me I'll wait a little more longer for deepest price and wait for it. everyone is expecting that the price will be higher in the event. holding it for months is worthy and earn profit in the day of halving. 
Sellers should wait to sell because there are high chances to see the price increases and buyers should not wait as later on, they will regret to lose the chance so that's why Better buy now it's best time for it as the price is low and chances to see it policing high is more and more so better those who have money should go and buy bitcoin and store them in wallet until it fully recovers.

If you are a long term holder for sure you will wait for a good opportunities to gain a decent return for your holdings but if you cannot wait and want to earn with the current market flow then actually you can easily sell it now and buy again when the  price became more cheaper since doing a day trades will be profitable for now since the market is not much getting a crazy pumps these days since it's so early and halving will take effect on next following months.

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January 26, 2020, 03:50:29 PM
 #83

If the price is you wanted and you can profit after the event then it is time to buy, but for me I'll wait a little more longer for deepest price and wait for it. everyone is expecting that the price will be higher in the event. holding it for months is worthy and earn profit in the day of halving. 
people will look for the lowest price to buy bitcoin, but expecting prices below the current $ 8k price is difficult enough, in fact, I feel that price development will expand from that price. so, this month, the $ 8k level is good enough to have bitcoin. however, the price will be above $ 10k, so I think it's very reasonable to have bitcoin at current prices.

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January 26, 2020, 04:06:26 PM
 #84

If the price is you wanted and you can profit after the event then it is time to buy, but for me I'll wait a little more longer for deepest price and wait for it. everyone is expecting that the price will be higher in the event. holding it for months is worthy and earn profit in the day of halving. 
people will look for the lowest price to buy bitcoin, but expecting prices below the current $ 8k price is difficult enough, in fact, I feel that price development will expand from that price. so, this month, the $ 8k level is good enough to have bitcoin. however, the price will be above $ 10k, so I think it's very reasonable to have bitcoin at current prices.
After Bitcoin breaking the $9k resistance it's just so fast to happen that it suddenly drop to $8600+ down to $8300+ until it becomes stable there. I don't think Bitcoin will ever go down to $7k farther after breaking the $9k, but still some people are still expecting it to happen.

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January 26, 2020, 04:23:51 PM
 #85

*skip*
After Bitcoin breaking the $9k resistance it's just so fast to happen that it suddenly drop to $8600+ down to $8300+ until it becomes stable there. I don't think Bitcoin will ever go down to $7k farther after breaking the $9k, but still some people are still expecting it to happen.

We're forming quite a nice support area at around $8k, which represents a wonderful foundation for the next lift up.
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January 26, 2020, 04:37:59 PM
 #86

*skip*
After Bitcoin breaking the $9k resistance it's just so fast to happen that it suddenly drop to $8600+ down to $8300+ until it becomes stable there. I don't think Bitcoin will ever go down to $7k farther after breaking the $9k, but still some people are still expecting it to happen.

We're forming quite a nice support area at around $8k, which represents a wonderful foundation for the next lift up.

If you are long term holder, then these small pump and dump does not matter. Bitcoin dumps 500$ every few days and pump 500$ after some days. I am planning to hold bitcoins until it reaches 18-20K.  I think everyone should keep some amount aside because you will gain a lot around 2x-3x once we have another bull market.
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January 26, 2020, 06:04:16 PM
 #87

*skip*
After Bitcoin breaking the $9k resistance it's just so fast to happen that it suddenly drop to $8600+ down to $8300+ until it becomes stable there. I don't think Bitcoin will ever go down to $7k farther after breaking the $9k, but still some people are still expecting it to happen.

We're forming quite a nice support area at around $8k, which represents a wonderful foundation for the next lift up.

If you are long term holder, then these small pump and dump does not matter. Bitcoin dumps 500$ every few days and pump 500$ after some days. I am planning to hold bitcoins until it reaches 18-20K.  I think everyone should keep some amount aside because you will gain a lot around 2x-3x once we have another bull market.
How benefit with long term holder where we always need money every day, I think most effective with trade in daily day where earn more than 5% is enough and we can start continue for next day for trading with other coin, depend with always trade long term but we must looking other source income.

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January 26, 2020, 06:57:39 PM
Last edit: January 26, 2020, 07:11:07 PM by ralle14
 #88

How benefit with long term holder where we always need money every day, I think most effective with trade in daily day where earn more than 5% is enough and we can start continue for next day for trading with other coin, depend with always trade long term but we must looking other source income.
If you're in need of money every day then you shouldn't be trading in the first place. You can earn from trading short term or long term but you shouldn't rely on it for the most part because it's not going to give you a stable profit.


Sellers should wait to sell because there are high chances to see the price increases and buyers should not wait as later on, they will regret to lose the chance so that's why Better buy now it's best time for it as the price is low and chances to see it policing high is more and more so better those who have money should go and buy bitcoin and store them in wallet until it fully recovers.
Depends, waiting to sell can also backfire if you're wanting more because prices can also go down but like i've said it depends as we have different approaches on how we trade (buying every month, selling once there's enough profit, etc).

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January 28, 2020, 03:45:15 PM
 #89

*skip*
After Bitcoin breaking the $9k resistance it's just so fast to happen that it suddenly drop to $8600+ down to $8300+ until it becomes stable there. I don't think Bitcoin will ever go down to $7k farther after breaking the $9k, but still some people are still expecting it to happen.

We're forming quite a nice support area at around $8k, which represents a wonderful foundation for the next lift up.

If you are long term holder, then these small pump and dump does not matter. Bitcoin dumps 500$ every few days and pump 500$ after some days. I am planning to hold bitcoins until it reaches 18-20K.  I think everyone should keep some amount aside because you will gain a lot around 2x-3x once we have another bull market.

For a long term holder this is a good strategy, but there are some day traders who prefer the wild ups and downs and likes to gamble so they are going to watch how the price moves and will go for a daily profits depending on their risk appetite and then continue on the next day. For daily traders a full month is a good gauge to see how they earn. But I'm sure majority of us prefers to just hold and don't want to make things complicated on our end.

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January 28, 2020, 09:27:45 PM
 #90

If the price is you wanted and you can profit after the event then it is time to buy, but for me I'll wait a little more longer for deepest price and wait for it. everyone is expecting that the price will be higher in the event. holding it for months is worthy and earn profit in the day of halving. 
Sellers should wait to sell because there are high chances to see the price increases and buyers should not wait as later on, they will regret to lose the chance so that's why Better buy now it's best time for it as the price is low and chances to see it policing high is more and more so better those who have money should go and buy bitcoin and store them in wallet until it fully recovers.
This is a good opportunity by then but we don't need to push everyone to take the risk and then bitting back us because of the market drops and creat losses to them. It is just to tell that whoever will come to take the risk, better do it now and don't wait that the market will jump high. Halving has come closer and may the whole market will going to bullish( not far from happening).

We all through to these hopes since last year, might this year give favor to us and all our support and patience will be paid off. Though investing it really at risk but it is also a big regret when we saw the price moves high and we held nothing.
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January 28, 2020, 11:34:28 PM
 #91

it's better to buy bitcoin to buy and hold long term. Today it is still very good to buy crypto assets. for altcoin, maybe this could be your reference to be chosen again besides ethereum. such as ADA, XLM, XRP, LTC, BCH, BSV, LINK, EOS, ATOM, BNB, DOGE. only purchase one third of your assets for altcoin. and 4/3 is for Bitcoin.
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January 28, 2020, 11:56:21 PM
 #92

Advice I find very hard to follow but is repeatedly proven true is to buy into a rising price trend, not guess the bottom pricing and not buying 'value' or indecision on hope.   Right now since it broke the 50 day its been very positive hence this advice is probably in play right now upto 10k area or so and then its a maybe.   I even placed bets it would achieve that 5 figure area on the outside odds because too many doubted it.    Also its my medium term guess, I also expect the return of doubt and a sell off in future but the idea is dont sell out before it occurs.

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January 29, 2020, 01:16:06 AM
 #93

Advice I find very hard to follow but is repeatedly proven true is to buy into a rising price trend, not guess the bottom pricing and not buying 'value' or indecision on hope.   Right now since it broke the 50 day its been very positive hence this advice is probably in play right now upto 10k area or so and then its a maybe.   I even placed bets it would achieve that 5 figure area on the outside odds because too many doubted it.    Also its my medium term guess, I also expect the return of doubt and a sell off in future but the idea is dont sell out before it occurs.

Lot's of "maybe" and guesses. We're in a halving year with a strong end-of-bear signal last year. That is the perfect storm for some pre-halving wild action with a new yearly high and obviously a higher high than the previous $13.8k.

I still see my chart playing out with a pre-halving pump to $16k:


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January 29, 2020, 07:46:58 AM
 #94

Advice I find very hard to follow but is repeatedly proven true is to buy into a rising price trend, not guess the bottom pricing and not buying 'value' or indecision on hope.   Right now since it broke the 50 day its been very positive hence this advice is probably in play right now upto 10k area or so and then its a maybe.   I even placed bets it would achieve that 5 figure area on the outside odds because too many doubted it.    Also its my medium term guess, I also expect the return of doubt and a sell off in future but the idea is dont sell out before it occurs.

Lot's of "maybe" and guesses. We're in a halving year with a strong end-of-bear signal last year. That is the perfect storm for some pre-halving wild action with a new yearly high and obviously a higher high than the previous $13.8k.

I still see my chart playing out with a pre-halving pump to $16k:



Look good for bitcoin and have to buy right now because checking with your picture bitcoin keep trend to be higher price, with halving in front of our eyes make bitcoin become stronger and have higher price for investing, better should buy now before late to get much profit with bitcoin and altcoin or never get anything when bitcoin up.

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January 29, 2020, 08:48:06 AM
 #95

Predicting it is more difficult now.
We just dont really know if it will continue to go up or not.
There is a huge probability for it to be dumped since there are traders who already made their profit.
Perhaps you could monitor it for a week and then maybe you will find more clues into where it will go.

Just some precaution coz this might just be another hype.
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January 29, 2020, 08:57:12 AM
 #96

it's better to buy bitcoin to buy and hold long term. Today it is still very good to buy crypto assets. for altcoin, maybe this could be your reference to be chosen again besides ethereum. such as ADA, XLM, XRP, LTC, BCH, BSV, LINK, EOS, ATOM, BNB, DOGE. only purchase one third of your assets for altcoin. and 4/3 is for Bitcoin.

Right. Buying bitcoin is the best solution right now since we know that the price starts increases, and even if the price is down and up again, the price will go to the highest price. That will be good for us if we can always buy bitcoin at a low price because after it reaches the low price, it will start to increase. The altcoin can be another way to make a profit, but we need to find what is the coin, and we need to analyze one by one, which will need time before we can get the right coin. But I like the list of the altcoin you mention, and yes, that coin will have a big chance to increase and give us more profit. The portion of the asset will be 50% for bitcoin, and the other 50% for altcoin so we can make the biggest profit from the cryptocurrency.

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January 29, 2020, 10:32:11 PM
 #97

Lot's of "maybe" and guesses.

Such is life, I'll never give out certainties.   I studied statistics and probability and despite the best efforts of many nothing is ever for certain and BTC prices are especially chaotic.   Theres no way I'm telling people we have to goto 10k just because we break past a moving average which is only an indicator and not an actual live area of higher volume representing peoples interests.   I'll even say 10k itself is nonsense, doesn't mean anything even if we do sell from there in that moment also be ready to close your short as its momentum can quickly be eroded by something more real then a round number.
  
Its always maybe and a probably at my very best guess.   If it was calculated correctly on a spreadsheet they might spit confidence levels but I'd still say BTC isnt predictable, we all gamble on every trade if we're honest.
  If OP is asking a long term question he needs to visit more then one section of this forum to form his opinion as it surely relies on a variety of viewpoints to gain perspective and accuracy in a view where pressure lies between supply and demand.   If BTC can pop out of nowhere into peoples consciousnesses in 2010's what else is out there and Im aware we had clues to crypto beforehand and I even followed a few but still this whole phenomena is unprecedented and so unpredictable always imo.
  The rule I'm given by those with far more experience and success is the 200 day direction is far more important then purely its level on one day, so we have a descending 200 day average still and caution on this while forming an opinion is a fair weight to add.

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January 30, 2020, 11:53:25 AM
 #98

I did  buy in bitcoin over a month ago 7k the plan is  to be a long-term hold.  Now I have about 20% more to buy in with, with the prices so high and everything I was going to buy some Altcoins Mainly Ethereum Or more bitcoin.
This Is the hard part of my plan trying to figure out should I just hold onto the cash in my account and see what the prices do?
As you said you have bitcoin I think you must buy ether too because this coins have potential and you can see bitcoin and ether is the best coins to hold for a long term. So if you have money buy ether also and hold it both for a long time and sell them both in the right time. So buy and hold bitcoin and ether those coins are good.
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January 30, 2020, 02:36:04 PM
 #99

Price looks to be going up a lot, if people bought a week ago they will be very happy about it, we are talking about a 10%+ increase which normally you wouldn't get this quickly in any other commodity in the world.

Bitcoin started around 7000 dollars this year (with some change) and right now it is over 9 thousand dollars, that is a 2 thousand dollars increase and comes to about 20%-25% increase in the end when you look at it. The problem here, we already had a 20% increase, are we really willing to risk our money for potentially going even further or are we just taking all the profits with us and leaving the market waiting for it to bottom out again?

Remember the vital advice of all financial world; "buy low sell high" which means we are at that "high" right now and selling could be understandable or even holding is okay but buying looks like would be prime example of "buy high, sell low" instead of the vice versa version of it.

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January 30, 2020, 03:33:14 PM
 #100

Price looks to be going up a lot, if people bought a week ago they will be very happy about it, we are talking about a 10%+ increase which normally you wouldn't get this quickly in any other commodity in the world.

Bitcoin started around 7000 dollars this year (with some change) and right now it is over 9 thousand dollars, that is a 2 thousand dollars increase and comes to about 20%-25% increase in the end when you look at it. The problem here, we already had a 20% increase, are we really willing to risk our money for potentially going even further or are we just taking all the profits with us and leaving the market waiting for it to bottom out again?

Remember the vital advice of all financial world; "buy low sell high" which means we are at that "high" right now and selling could be understandable or even holding is okay but buying looks like would be prime example of "buy high, sell low" instead of the vice versa version of it.


Even if it suffers a correction, which would be something very normal after increasing +25%, I dont think it would go as low as coming back to 7k. The biggest correction I can imaging would be to 8k and I would be surprised. So everything looks good, green days coming!!
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