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Author Topic: I bought BTC at 23.5K$  (Read 1608 times)
shinratensei_
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December 19, 2020, 02:47:45 AM
 #41

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 perfect time to buy bitcoin or any other crypto should be when the market was getting a correction. this time any prediction will be involved the reason why the pump must have happened.
you must see some news that discussed the 5 reasons why the current fundamental of the crypto market is much stronger than the last big pump that happened in 2017.
The pump will never come if there's no good reason for that.

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December 19, 2020, 03:48:38 AM
 #42

Its a good price. Look at the price right now, we are still above $23k and it looks like its not going down anytime soon. You can also look at the current trend. You will see that going to 50k is not going to be a problem next year. You can say that it is a good investment you did.
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December 19, 2020, 04:26:34 AM
 #43

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?!

Well depends on what is your intention in buying BTC.  If you are a long time holder, let us say for decade, I think it is a wise decision but if you just bought BTC because of the hype and its current surge and expect that you will gain a huge amount of profit in a short time, I think you are mistaken.  Nevertheless, just hodl your BTC and be patient.
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December 19, 2020, 04:40:53 AM
 #44

The perfect time to buy bitcoin or any other crypto should be when the market was getting a correction. this time any prediction will be involved the reason why the pump must have happened.
you must see some news that discussed the 5 reasons why the current fundamental of the crypto market is much stronger than the last big pump that happened in 2017.
The pump will never come if there's no good reason for that.

Correction is unpredictable, traders won't be in front of the chart screen all day long to monitor price movements and hope for a correction. That's the importance of taking risks to reverse losses in other areas of the price movement below it. Currently, the bitcoin price is only playing at $22k- $23k, actually, the OP can use this area to take profits if he is able to day trade.

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December 19, 2020, 05:02:29 AM
 #45

The perfect time to buy bitcoin or any other crypto should be when the market was getting a correction. this time any prediction will be involved the reason why the pump must have happened.
you must see some news that discussed the 5 reasons why the current fundamental of the crypto market is much stronger than the last big pump that happened in 2017.
The pump will never come if there's no good reason for that.

Correction is unpredictable, traders won't be in front of the chart screen all day long to monitor price movements and hope for a correction. That's the importance of taking risks to reverse losses in other areas of the price movement below it. Currently, the bitcoin price is only playing at $22k- $23k, actually, the OP can use this area to take profits if he is able to day trade.

yes you're right, forget the big profits. it's hard to think bitcoin could make a new ATH now. so just sell when you get a profit. and take advantage of the daily correction to buy more. Daily trading is not so bad in the current situation. because basically the market is in a positive trend.
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December 19, 2020, 05:07:49 AM
 #46

I think its too risky , if you are trader and want to earn some profit from this then its not a good time to step in . you  must wait for the right time to invest .
 it is human nature that when we see any thing going up we want to gt the profit from it . in my opinion we need patience and endurance .
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December 19, 2020, 05:28:44 AM
 #47

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 trader or investor ??
I think bitcoin is a long term investment so don't panic if you buy Bitcoin at a high price, you just need patience to hold bitcoin.
Many people predict the bitcoin price will reach 100,000 $ - 300,000 $ by the end of 2021.
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December 19, 2020, 05:33:42 AM
 #48

Bitcoin Price now new ATH. This time buy Ricky because market price correction but I believe bitcoin price next year touch $30k Plus. So hold it
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December 19, 2020, 05:41:13 AM
 #49

Buying that high was risked and we all know there will be a correction of the price in upcoming days, you should have waited for it to settle down after the correction process. Nonetheless, buying at low or high it doesn't make difference if you are long-term holder and I concur that you are really one and with that there's nothing to worry about then.

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December 19, 2020, 06:10:30 AM
 #50

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 trader or investor ??
I think bitcoin is a long term investment so don't panic if you buy Bitcoin at a high price, you just need patience to hold bitcoin.
Many people predict the bitcoin price will reach 100,000 $ - 300,000 $ by the end of 2021.

You should do your research first before you place your investment, asking for the next target surely have lots of different opinions. It's best to have your own knowledge and have a much deeper understanding to avoid making a big mistake in case that certain sideways happened. Moving forward, if you are an investors and you are using spare money, whatever  value you enter it doesn't matter having a good target allows you to keep your assets and wait for the benefits that you are aiming to earned.

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Shallow
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December 19, 2020, 06:21:38 AM
 #51

That was really a risky thing to do because price correction is coming soon.
Before doing such, there is something you really have to decide on your own first and foremost, and that is, will you hold it or trade it. This is a very good question because if you are a long term holder, then there is nothing to worry about because you will be forced to hold and not sell at loss when market factors sets in but if you are a trader then you have to study the market and know when to sell. On the other hand, asking about predictions, to be frank you can't get an accurate prediction, remember it took Bitcoin a very long time to reach $20k amidst all the predictions made by series of experts. So currently, no one knows what price it will attain next.

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Rexler
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December 19, 2020, 06:28:34 AM
 #52

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?!
Seriously after seeing the price skyrocket, this is when you decided to invest in bitcoin?
 Cheesy alot of people did this during the 2017 bull run,and it took them 3 years to recover the money they invested, but it's fine to buy bitcoin at that high price if you are a long term holder and you believe it's going to go much higher in the future, but if you are a trader hoping to buy low and sell high, I'm sorry you bought at the wrong time,the right time to buy bitcoin was March, April, May or other months apart from that high price you bought it, it's very risky to buy at such price.

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December 19, 2020, 06:45:50 AM
 #53

The suggestion for people who bought bitcoin at $23,500 is only held and do not cut loss because that can make you getting lose for some money. But if you think that you can follow the price to go up and down, maybe cut lose will be a good idea, so you can try to buy at a low price, and who knows, you can profit from using that way. But if you think it is difficult to follow the price, then hold your bitcoin will be the best suggestion for you. So I hope you can decide carefully before the act.

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December 19, 2020, 06:47:50 AM
 #54

There is no wrong time and there is no right time to buy your bitcoin, there were people who bought @ $20k in 2017, if it gets to $30k there are people who will still buy. I strongly urge you to HODL your coins firmly.

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December 19, 2020, 07:03:04 AM
 #55

You have taken a big leap of faith with the risk of losing big time but I admire it a correction may come at any moment just be firm at hand and don`t panic when it dips more than you expected, sure enough BTC will go back  at 2.5k mark if it does then decide whether your going to sell or keep holding until you reach the price you desired.
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December 19, 2020, 07:03:52 AM
 #56

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?!

To be honest there is no perfect time to buy or sell the Coin.
What you need to follow is just quick prediction knowledge.
But as you have bought the BTC as such a high price, then it’s really hard to say that if you can make profit from it or not.
According to me it’s not a wise decision that you have made.
You could have simply wait when BTC price could have fell down a bit around 18k USD.
Still let’s hope for the best and wish you make good profits from your investments.

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December 19, 2020, 07:32:56 AM
 #57

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?!
TBH, most of the replies here will say "It isn't the perfect time to buy Bitcoin" etc. etc.

In the end, it is your own money and you are the one who will risk on it and it would be better if you at least know when to enter and when to exit. As Bitcoin is surging people are starting to get hyped by it and you're one of the people who got FOMO'ed and bought at the top. Long term it is still good but short term no. I expect a correction in the next days to weeks and $20,000 will be a strong support or at least the support for now. Going below that price will be a bad sign at least for the short term.

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December 19, 2020, 08:20:17 AM
 #58

It is a risk for everyone who buys any price be it bitcoin or altcoin, ask yourself why buy at that price?
Whatever decisions we take, make sure we are ready to suffer losses with this decision, even if your funds get stuck and you still believe bitcoin will continue to grow, hold on, but if you are in doubt you can sell at any time even though you experience a loss.
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December 19, 2020, 08:30:55 AM
 #59

although it sounds funny what you acted but it happens . there could be  two types of investors in this market . the one is he invest when price is falling and the other is like you, investing when the prices are rising .

that can be a perfect time for the pump investors but it can be a bad time for those dump investors but when it comes to predictions i think i cant really help you with that because i myself is also strugling on my own predictions . for now my head tells me that btc will continue to rise till the final day of this month
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December 19, 2020, 08:43:32 AM
 #60

You have taken a big leap of faith with the risk of losing big time but I admire it a correction may come at any moment just be firm at hand and don`t panic when it dips more than you expected, sure enough BTC will go back  at 2.5k mark if it does then decide whether your going to sell or keep holding until you reach the price you desired.

The guy has a huge faith that is why he bought at that level and many those who don't want to be left behind or wants Bitcoin to rally are buying, we can't blame them as long as they only invest what they can afford to lose, and they know the risk, we have no problem with that, I hope people will not panic and dump Bitcoin price projection will be attain.
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