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Author Topic: I bought BTC at 23.5K$  (Read 1608 times)
lebregone
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December 19, 2020, 07:45:24 PM
 #101

If you are asking whether it is a perfect time to buy a bitcoin then the answer is 50/50 because we are not yet sure whether the bitcoin will continue to increase it's price upon hitting the $23k price.

But what is sure is that we are not yet at the peak of the market even if the bitcoin has created a new ATH already because if we are going to check the other currencies,they are still at 50% at their old ATH so there is still time for the market to grow. What you can do is to hold your investment for long term one and don't panic whent the bitcoin price will go down as it is normal and it will surely to recover.

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December 19, 2020, 08:02:12 PM
 #102

I'm laughing so hard i swear, why didn't you buy at 15k or 13k? why didn't you buy at 18k? picking the ATH to buy is not a good choice and my words are valid only for this period of time. If you are going to hold for too long then it will be fine but if you are just a swing trader or you'll expecting to dump soon then pray that 30K$ will be around the corner, it's likely to happen but no guarantees and you are in risk if you ain't holding for long Tongue
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December 19, 2020, 08:13:57 PM
 #103

Not at all.and I guess, you already realize that you have mistaken.this is not right time to invest fund on bitcoin, although there is no problem if you buy that for trading.but i assume, you bought that for hodl and if so, they still have time to sold that, otherwise you'll face loss.hope this is a lesson for you and next time don't make same mistake and don't invest without any knowledge about that currency

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December 19, 2020, 09:54:55 PM
 #104

If you only just started buying bitcoin then your journey has only just begun. It’s not a bad thing but you’re going to have to be patient if you want life changing money. Buy a fixed amount every month & hold for at least 6-7 years, this is how you’ll need to play it if you want huge profits.

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December 19, 2020, 10:51:13 PM
 #105

If you're really an investor who believes in the long-term potential of Bitcoin, any time is a good time to invest.

If you're merely a trader, trying to earn a little fiat by buying and selling despite trading expenses, your timing is probably not the best.

You had lots of time to buy below $10k earlier this year. You already missed those opportunities though. You may get another chance to buy below $20k but don't count on it. It's still better to get in now while it's still relatively cheap. It's almost certain to go a lot higher.
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December 19, 2020, 11:27:54 PM
 #106

Welcome to the club!  Grin
If events develop negatively, then you will be a member of this club for at least several years  Wink However, for a serious long-term investor, this is an absolutely standard situation. In addition, now you can already sell part of what you invested in order to fix a small profit.

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December 20, 2020, 12:01:40 PM
 #107

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?!

If you don't know on what you are doing and unsure about how things go with bitcoins on next following days better to sell your acquired asset when bitcoin reach for more than the value what you bought and secure your profit since if you listen to the hype and wait for long term might you will be left behind and became a one of the bag holders who wish for another series of pump came, to avoid this to happen then do a day trades for a while.

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December 20, 2020, 03:17:24 PM
 #108

Why u are waiting for?
few days ago btc was 20k, you can save 3.5 instantly.
On my mind your decision its not right in this moment. I hope i am wrong.

Everyone has a decision whether to buy at any point, we can say that he can save $20k if bought bitcoin in March.
If no one buys bitcoin at $23,5k, how it suppose to reach $24k? People buy bitcoins on purpose, to use it as a medium of exchange, for trade, or hold it for the long term.
$23,5k as an entry point for trading probably not the best decision, but he still has chances to get profits at this rally.
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December 20, 2020, 03:21:07 PM
 #109

...he still has chances to get profits at this rally.

This rally has barely begun.
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December 20, 2020, 03:39:28 PM
 #110

You're taking the most risky bet possible by buying at the top of the market. As we've seen in the past a few whales can easily tank the price of Bitcoin if they decide they want to take a profit - then lots of people panic sell and they buy back once all the dust has settled. If you are willing to buy at this price and not look at it again for another year, maybe it'll work out for you. However if you will dump at the first sign it is going down, then it is a very poor decision.

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December 20, 2020, 06:05:18 PM
 #111

Wasnt there a similar thread in 2017 saying "I bought at 19k"?
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December 20, 2020, 07:48:41 PM
 #112

Wasnt there a similar thread in 2017 saying "I bought at 19k"?

Yes, there is  Cheesy  https://bitcointalk.org/index.php?topic=2889212.0
and some good reads about people who bought on 19k topic on following year https://bitcointalk.org/index.php?topic=4342262.0.

We would continue to see these kind of threads in future when someone do bought in the price of 29k, or in every 5k price movement.
People do have these kind of questions doesnt even know on what they've been dealing on.

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December 20, 2020, 07:57:41 PM
 #113

Why u are waiting for?
few days ago btc was 20k, you can save 3.5 instantly.
On my mind your decision its not right in this moment. I hope i am wrong.
Let them choose what they think is best because it will only lead to either learn from it or gain from it. There's no mistake of choosing when to invest, the only mistake is if never learn from your mistake and that is if OP sell low because he's already buying it during high. But, who knows if he wants to plan for a long term investment instead of dumping during this bullish season? It's up for him since I think he's aware of what's happening in the market that's why he invested it during high.

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December 20, 2020, 08:35:47 PM
Last edit: June 12, 2023, 02:05:35 AM by STT
 #114

So long as there is new buyers you are ok, as soon as people feel its already gone too high or its 'expensive' then we stop there I think.    Alot of this price must be speculative moneyatary flows from weak dollar FIAT and the idea that government overspends.    So imo we stretch prices like elastic and it will snap back into place at some point, arguably some change is truely permanent and we rise long term but imo its over done right now.




Here I put price on 1hr bars, blue line would be the 2 day average which marks our lows.   We are above a daily trend rise and the fib levels are the initial peak and low to this current move, again we are quite bullish above this first high with it staying as a low for now.


I should put a small note I was considering a buy around these levels but only as a trade and I would use stop loss, we are reliant on momentum imo but 30k is target I hear some say and I need to listen more on that tbh

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December 21, 2020, 07:38:20 AM
 #115

congratulations, it looks like you now have a profit of $ 400 if you buy 1 Bitcoin at the price of $ 23500,
because now the price of Bitcoin has gone up to $ 23900, the latest bitcoin resistance is at $ 24k,
if can break it, the Bitcoin price could reach $ 25k or more.
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December 21, 2020, 07:45:56 AM
 #116

You're taking the most risky bet possible by buying at the top of the market. As we've seen in the past a few whales can easily tank the price of Bitcoin if they decide they want to take a profit - then lots of people panic sell and they buy back once all the dust has settled. If you are willing to buy at this price and not look at it again for another year, maybe it'll work out for you. However if you will dump at the first sign it is going down, then it is a very poor decision.

Whales can bring down the market, but only for a short time - they cannot reverse the trend. Therefore, if he guessed right (or is simply ready to invest for several years since he invested free money), then in any case he will be in the black, the only question is the timing.

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..PLAY NOW..
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December 21, 2020, 01:46:59 PM
 #117

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?!

Happy for you mate but bought in the wrong time, what actually its high risky that if you catch a running train, same applies in the market as well. BTC was going beyond its previous ATH so none of them know what might happen but that doesn't mean it will keep on increasing. If you are new please have some suggestions with some analysts or with your friends who have strong knowledge in Cryptocurrency. However wait patiently and see what happens but make sure you don't buy it again in the same price or in a small drop.









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carlisle1
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December 21, 2020, 02:20:13 PM
 #118

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?!

That would be a Tough decision mate ,Knowing that 23k level is by far Expensive because we can But after correction happens.
Though i can't feel you since i Still have Mine that i bought back from 8k and below ,considering about the lowering of value after the Bullrun .

and Look today ,the Value down to almost 21k level again ,you have discounted by 2k if waited small time.
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December 21, 2020, 02:24:26 PM
 #119

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?!

You bought BTC at 23.5k$? from Bounty reporting ?

https://bitcointalk.org/index.php?action=profile;u=2820868;sa=showPosts

And I doubt that You have the Guts buying that much ,Bounty hunters Know the market well and even Selling their coins right away after being Paid so why on earth you will spend 23.5k usd  when you have so much time buying early this year.
congratulations, it looks like you now have a profit of $ 400 if you buy 1 Bitcoin at the price of $ 23500,
because now the price of Bitcoin has gone up to $ 23900, the latest bitcoin resistance is at $ 24k,
if can break it, the Bitcoin price could reach $ 25k or more.
and what about this moment? the value drops 22K  Grin

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December 21, 2020, 03:33:23 PM
 #120

I hope you have sold it at $ 24k, because now the price of bitcoin has corrected to $ 22800,
either Bitcoin price will return to $ 24k or maybe it will fall even further before increasing.

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