Becareful at this BITCOIN price point

[jetbird]

Deep pockets are in fomo mode. This is not a retail driven pump. Their time horizon is long. They see the long term potential and have NO issue buying at these levels. Expecting a large retracement is not the play if you are a long term holder...

[Wawa2013]

I thank you for the advice from the opening post to always be careful with the current Bitcoin price. It is true that the Bitcoin price
increase has been very high and has managed to reach a new all time high, so Bitcoin can move up or down. To guard against volatile
Bitcoin price movements, I always use the stop-loss feature. That way it is safer to protect my funds, when Bitcoin suddenly went down
it didn't have a big loss.

[XCANA]

Most of the people jump to invest when they see this kind of scenario in the crypto market, that's where most people regret the last 2017 bull runs.

I agree to this, there's just so many scammers in twitter, telegram, facebook, and even discord right now due to the ongoing all-time high breaking of Bitcoin.

During 2017, scam ICO and Bitconnect was the reason why people regretted buying Bitcoin. Right now, there's no large scale pyramid scams going on that could be a comparison to Bitconnect so I don't think 2017 dump will ever happen again and we might even reach $30,000 easily due to hype and support of large companies.

Basically, that was the issue back in 2017, whenever these scammers found an opportunity to extort gullible investors they do it without any mercy. Sometimes they execute such dastard act when Bitcoin price soar like it is currently, investors entry into cryptocurrency should be more careful to invest in new projects. No one will advise investors to buy Bitcoin at the peak, so, let be careful at this point in time, buy little with extra funds to hold on a long-term in case the price of Bitcoin fall.

[XZERO1]

It really depends on the fact that why you're buying it, is it for long-term investment or you're just trying to sell it after a bit of profit?

If it's for investment you can still buy it from here as short-term prices should not matter to you that much, but I would certainly not go all in now and probably the smart move would be to maybe start laddering buys here and if it keeps going down just adding more to your stack to get a better average entry price, and eventually end up with more profit while minimizing your risk exposure.

On the other hand if it's just for short-term and you're planning to sell it after 3-5-10% of profit then I agree with you as it is probably not a very good idea as in short-term it can go down and who knows when it will come back up so you can sell in profit or break even.

[Wysi]

Yes, I agree as this is very volatile time to make an investment decision either it will anek you or break you. If things go positively then those who invest into Bitcoin now will get good returns or else their money will either struck for years until Bitcoin reaches this figure if the investors have patience or else end up in panic selling. I would rather prefer bear mark than peak to I best into Bitcoin.

[Latviand]

The only dangers are those people who take this opportunity to create some fake hype about their fake project or some scammers who use the good news to lure some innocent investors. Nevertheless, we should be aware of those kinds of people and also we need to have some proper research before investing in some project in this situation. Most of the people jump to invest when they see this kind of scenario in the crypto market, that's where most people regret the last 2017 bull runs.

This is really true, as we are know experiencing new ATH of bitcoin, these scammers are more active and it is really dangerous to trust any information in the internet.

Being careful with your asset is good especially that you are just securing it, but if you know how to make transactions properly in the market, then you don't have to worry that much.

Investment in cryptocurrency should be studied and understand because times like this, this is where you can make a lot of profits for your own growth.

[Spone7]

As bitcoin price is sitting onto it's ath there are a chances of profit booking scenario. And if due to that panic comes it might results in volatility. So make close look in the market and trade with tight stop loss.

[ethereumhunter]

Waiting for a while is the best thing to do if we want to buy bitcoin because the bitcoin price is still high. We can try to analyze what price we can buy and not forget that the price can get more down than we can expect. So I think we can split our funds into a small part and place it on many order buy. By doing that, you can get low and lower and sometimes, you can get the lowest price of bitcoin. You need to be careful about deciding because the market can change the direction.

[Kakmakr]

Sheesh..... at last someone that are making sense in this whole experiment.  

In 2017.... we told a lot of our friends not to buy when the price is high... but they bought in any way... Why?....well, because they got greedy and they thought it was the beginning of something BIG.... but they were wrong.

Most of them could not wait for 3 years to sell those bitcoins for a profit, so they sold at a loss. I just spoke to one of them yesterday and guess what, he is buying again.  

Who knows.. I might be wrong and this might be the push to the MOON... but I am not feeling it.  

[sulendra12]

BTC Bitcoin price is now in ATH( ALL TIME HIGH). Now its price is super hype. Lots of people now should be want to trade or buy but i recommend everyone to be careful at this point.

If we look at 2017-2018 era, we could recognize at this point at the exact same hype where people are starting to buy mining rig and gpu just for following the hype train and starting to believe in Bitocin just because the price is now in ATH like this time. But once they know what the volatile in Bitcoin is, they are starting to talk shit again to Bitcoin lol. It's disgusting.

[verita1]

It is true that we must be careful with the Bitcoin ATH because this crypto bull run is just beginning.
The inclusion of bitcoin and crypto by the giant PayPal and large investors throughout the year have allowed confidence in new investments in Bitcoin. Now banks such as Kraken in the USA, Switzerland, Singapore, Japan and Spain are joining. There are important moves to upgrade banking to blockchain, bitcoin and crypto technology. This gives me the impression that bitcoin has now evolved to a new stage and for the better.
We must take advantage of our gains in bitcoin and hold for the future.

[Twentyonepaylots]

I have bad news for people who have been very hopeful in the promise of PayPal integrating cryptocurrency in their banking, what they're actually doing is buying you a bitcoin that you can't trade with other cryptocurrencies, so you have a sitting duck there waiting for another bull run because it's only good for hodling. Unfortunately I was blinded by the hype and the fact that its owner is really big when he talks about crypto and bitcoin, if they don't change this it's going to be a big prob because most newbies will definiteky buy bitcoins using paypal and wouldn't be able to make the most out of this investment unlike us who get to enjoy this ATH in all its glory.

[jetbird]

A lot of us have been in the bitcoin space for a while. What we have seen in the BTC movements have mostly been on emotional based from the retail croud. The average makeup of the participants is changing in front of us. Deep pockets are buying from the weaker hands or from retail that has made some serious $. So the price action we have grown to expect wont be the same this time. There is a real chance we blast up from here and never revisit these levels... We may just stairstep up to 50+k with shallow retracements. Don't let the deep pockets take your bitcoin if you are have a long term perspective. or if you are thinking about a long term position, average in at least. The real risk is not having any btc...

[Sebas.tian]

Bitcoin is really different from traditional stocks. I just saw that bitcoin shoots up way up to 20k (now 23k) and has not dropped yet. Seems people are really now onto bitcoin. Those whose about to buy should be very careful I must say. We will not know when these holders will suddenly sell.

More reasons why OP said investors should trend on this FOMO part carefully, they have seen the wonders of Bitcoin investment and want to venture into the space when Bitcoin price maybe at it peak. This was what happened in the last bullish run of the said Bitcoin, investors (newcomers) went into Bitcoin when it price hit $19,745k and it price dropped down to $3.8k before it recovered in 2019. This affected thousands of investors who went into Bitcoin becasue of the 2017 FOMO.

[Silberman]

You're one of those people who are always afraid. When Bitcoin was trading for 5000 early this year you were probably thinking that it could revisit 1000 and recommending people to wait and see. Now that it's above 20 thousand you're also telling people to wait and see. For some people, like you OP, there will never be a right moment.

If it would fall from here back to 15 thousand would you buy? Probably not. You'd think that it's the end of the bull market and that we should wait for the bottom

That is something that all traders need to confront at some point, which is the fear of being wrong, I will save you the time as a trader you are going to make mistakes, your predictions are going to wrong and you are going to lose money, that is the price you have to pay to be part of the market, but if you can obtain profits then all of that does not matter and you need to enter the market whenever your system tells you even if at the time you think it does not make a lot of sense.

[CryptopreneurBrainboss]

Bitcoin is really different from traditional stocks. I just saw that bitcoin shoots up way up to 20k (now 23k) and has not dropped yet. Seems people are really now onto bitcoin. Those whose about to buy should be very careful I must say. We will not know when these holders will suddenly sell.

There's a reason why they are called holders, that's because they believe in the long term goals of the technology and won't be pressured into selling like the average investors. You trying to say the reason the current investors are to be careful is because the holders would be dumping is false information instead the short term investors are those would will most likely dump when the market starts showing some signs of a price corrections.

The holders are here for the long term and you investing now show have similar mindset if you intend to profit from the industry. Bitcoin is steadily growing and so is the industry. From recent developments you can see institutional money pouring into the market and this will definitely push the price upward in the long term.

Whereas you should be careful to avoid getting dumped on, you should also know investing now would probably be the best investment you can do for the future. The fiat systems and other traditional investment aren't profitable compared to bitcoin.

[ololajulo]

You're one of those people who are always afraid. When Bitcoin was trading for 5000 early this year you were probably thinking that it could revisit 1000 and recommending people to wait and see. Now that it's above 20 thousand you're also telling people to wait and see. For some people, like you OP, there will never be a right moment.

If it would fall from here back to 15 thousand would you buy? Probably not. You'd think that it's the end of the bull market and that we should wait for the bottom

That is something that all traders need to confront at some point, which is the fear of being wrong, I will save you the time as a trader you are going to make mistakes, your predictions are going to wrong and you are going to lose money, that is the price you have to pay to be part of the market, but if you can obtain profits then all of that does not matter and you need to enter the market whenever your system tells you even if at the time you think it does not make a lot of sense.

You are not asking the right question to make a decision in this market, 'will I be making profit if I buy at this price probably in the1 year? I will say, Yes. I may not be able to predict the size of profit but will be worth the investment. For the fear of dump, no one can pick the depth and the height, Just a considerable price of entry and exit. Bitcoin has the shortest period of ROI if the investment is in the right time like now.

[malekbaba]

Thats how crypto grows. Panic sale, hype will drive the market. No one knows where the ride will end, no one knows the lower point where price will proceed. But the overall atmosphere is changed now. Institutional investors are there into market and it will grow rapidly. I think btc will stay around current price for a while

[menoiazei]

BTC Bitcoin price is now in ATH( ALL TIME HIGH). Now its price is super hype. Lots of people now should be want to trade or buy but i recommend everyone to be careful at this point. Now this is the point where anything can be possible it should be up or it should be down. That is why this is a very risky point if you are a trader you have to think very much before take a step. And i don't recommended any one to buy bitcoin at this point now its a time to price down. Just wait sometime to price down then but this is not the right time to buy. And don't buy when the price is already high. And traders try to trade in a stable point because its a too much risky point. I hope everyone understant it. If you think i am wrong then suggest me to the right point or if you thought i am right then i want all of Your appreciate. Thank you everyone

 Buy it or sell it, price goes up or down hype or not is steadily doing what is supposed to be doing at the first place,
that is being a currency that can be used to buy or sell real assets, things, experiences or whatever else people buy

 Welcome to the new economy where bitcoin is the boss or the new global currency!!!

My 2 cents,,, errr satoshis 

[namcunguyen]

BTC Bitcoin price is now in ATH( ALL TIME HIGH). Now its price is super hype. Lots of people now should be want to trade or buy but i recommend everyone to be careful at this point. Now this is the point where anything can be possible it should be up or it should be down. That is why this is a very risky point if you are a trader you have to think very much before take a step. And i don't recommended any one to buy bitcoin at this point now its a time to price down. Just wait sometime to price down then but this is not the right time to buy. And don't buy when the price is already high. And traders try to trade in a stable point because its a too much risky point. I hope everyone understant it. If you think i am wrong then suggest me to the right point or if you thought i am right then i want all of Your appreciate. Thank you everyone

I agree with your opinion. Bitcoin is only hovering around $23,400, although it fell a day ago. We need to be careful with this price because the crypto market is so complicated and dangerous, Bitcoin can be dropped at any time so a reasonable plan is needed.