JTripathy (OP)
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December 18, 2020, 06:08:37 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
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Rodeo02
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December 18, 2020, 06:33:10 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
Are you a holder or you want to trade it ? If you want to only that Bitcoin then you are in the wrong entry you should wait for correction first before buying. But if you are a holders then the price doesn't matter. just wait a year and you will surely earn with your money invested. Those who are looking for good price to enter is mostly a traders or scalpers that taking advantage in price difference every time there is a price increase.
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Novatech8
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December 18, 2020, 06:38:21 PM |
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I won't dare invest in Bitcoin at a surging phase, it's too risky and I'm sure there is going to be some corrections too, the best time to invest on bitcoin is when price is down, the trick is always buy low and sell high, I've learned this in 2017 bull season
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danglongbtc
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December 18, 2020, 06:40:33 PM |
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You're in okaish bet, neither good not the best. Amount invested in BTC never get lost. If you are here for profits, you will have chance to sell it off at 25k. If that does not happen, just wait for an year or so and you will be covered.
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Sterbens
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Duelbits.com
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December 18, 2020, 06:50:20 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
I personally applaud your risk-taking, where many traders avoided positions priced at $ 23,000 and above. Maybe you will be day trading, and can't do it in the long term for now. it doesn't matter, whatever you do, as long as it's right in your opinion. but you also don't miss the advice of many people, for your sake. because trading is not about how much emotion you see when you see the price go up, but how smart you can control yourself from price temptation ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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isaac_clarke22
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December 18, 2020, 06:51:25 PM |
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Just right on time though you could've earned more back when it was still stabilizing in 19k and more when it was around 10k. It's your money and your trading strategy. As long as you see greens in the chart, you did the right thing. Many could've been thinking of too late right now in investing but just put it in their mindset that there ain't a single peak when it comes to Bitcoin's price.
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Dragonfund
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December 18, 2020, 07:08:23 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
Why don't you asked the question before you bought bitcoin at that point price, you must have fomo in which is really bad. If you are holder and looking for something next year or 2, now price shouldn't be a concern but if you are really hoping to sell any moment soon, I think you might have made a mistake. Some expert are predicted that Btc will head to $40k by next, though to me it looks like shilling and I want everyone to be careful, don't buy the news rather buy into rumor and save your self when every fomo into the market. The excitement is something out of this world.
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SpanishSoldier
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December 18, 2020, 07:16:33 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
The best time to buy bitcoin was 2009. The next best time is NOW. just HODL strong for a few years.
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dunfida
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December 18, 2020, 07:22:34 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
Trying to look in the current price then you are definitely in loss or negative but this wont really be an issue if you are a holder or tending for long term aspect but if you are here to make deals in shorter time frame then you are on the losing side.This is the result when you do get fomo'ed where you do believe that the price would go even more but the fact that there would always be some sort of correction or pullbacks which would make the price lower and in result for some loss but as long you do make hold of your coins then you wouldnt lose anything unless you do sell it off but if not then theres tendency for recovery or breaking even.
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CryptoLogo
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December 18, 2020, 07:50:33 PM |
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Personally, I would be afraid to buy bitcoin at its very top. I'm afraid you fell victim to FOMO. Even if Bitcoin rises to $ 25,000, you will not sell it in anticipation of a higher level, and here a correction may begin that will take Bitcoin to $ 15 -17 $. What will you do then? Fixing losses?
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jossiel
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December 18, 2020, 08:04:47 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
Determine yourself why you've bought at the top. Are you treating it as a long term hold or you just want to cash out because the market has been moving faster than ever and just reached another all-time high? I'll tell you what are the most predictions for 2021, not now. $100k is the price that I mostly see for the possible to happen on 2021. That may look seems to be a high price but we'll not know which is exactly going to be reached by bitcoin again. It has reached $23k and you bought at a not good time if we're talking about current price. But you only need to think when and what price you'll be selling it. You can buy again with the strategy of cost averaging to at least remove your doubts and keeps stacking sats on your portfolio.
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kindbtc
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December 18, 2020, 08:07:22 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
Not bad considering the bulls market heating up and expected over 10x gains but I will suggest you to hold for atleast a year for good gains and lastly I want to ask where were you? I mean you had the chance to buy btc under 10k for 2 to 3 years and you are buying now anyways good luck.
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Dondeon
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December 18, 2020, 08:12:43 PM |
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It is a bad entry if I may say, at that point some doing short are already taking profit, you should have waited for a possible correction to get the right entry, all the same the deed is done already, you only need to hold and hope for a better surge but that might be at a long.
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magnum cyber
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December 18, 2020, 08:56:33 PM |
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Why not buy at least in the last week? while bitcoin in the past week has been in the range of $ 18k - $ 19k, while currently btc is $ 23k. It's a long way off, but I'm amazed you took such a high risk. but it doesn't matter as long as you trust and hold on to it for the long term.
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Psynthax
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December 18, 2020, 09:08:56 PM |
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if you plant to hold it for a long time for example holding until the new ATH reached maybe in another year it's maybe gonna worth it but buying at the peak of the chart like this is always bad idea.
I mean why you just try to buy it when we've already reached new ATH though. arent there plenty of times before price rally where BTC is "cheap" enough? Maybe just wait until another correction?
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sort_cirkit
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December 18, 2020, 09:19:08 PM |
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If you have money, it is up to you to decide. A good time to buy Bitcoin is if you are a trader. Or if you are an investor, you may be doomed. This market may not rise very high from now on. There are many more possibilities to fall. That is what the previous year's theory says. Think again and make up your mind, but it will be good advice for you.
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Wysi
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December 18, 2020, 09:22:34 PM |
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If you are a long term investor then it's fine there is no good or bad time for long term investors but if are someone who are looking for a short term gain then I would say it's a gamble which you have got into, I don't want to demotivate you but please take suggestions from experts and forum members before investing in bitcoin when it's at peak.
Make sure you monitor the market very closely if you are here for short term gain else it won't take fudders long time to make you panic sell.
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Jating
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December 18, 2020, 09:35:52 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
I think for now that will be the top price of bitcoin, because after hitting it, there's no more push to the price. What I'm saying is that we could encounter some resistance and would settle around $22,500, unless there's enough whales again. There is no perfect time to enter the market as we can't really predict the future. The best thing for you is just HODL on your BTC. Don't do something stupid like selling it right now because obviously, you will lose and not make any profits.
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bttmember
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December 18, 2020, 09:37:12 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
I would say that it is still the start of next mega bull run so you have done the right thing or else you would have to face the risk of missing out on massive profits. I still think that a large public will fomo in when btc will be over 50k and then more when it will be over 100k.
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didzi
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December 18, 2020, 09:58:46 PM |
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By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
my friend, if you bought something you should have a strong reason, but, if you bought bitcoin at $23,5k thats not a big problem, if you believe if the price of bitcoin will growing more and touch about $50K or more in long term
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