Yes, you who are waiting, what is your excuse now?

[sunsilk]

It is a cycle and reasoning that never ends. Those watchers will say that it is expensive to enter @ $33k and they are expected to say the same thing when bitcoin enters $40k onwards. While the institutions are doing their thing to accumulate in the best that they can, leaving few btc in the circulation.

I didn't did my part but still held strongly when I've seen it down on $28k-$29k. Honestly I was about to secure profits but did just hold because I knew it will recover and I guess I did the right decision.

[LogitechMouse]

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

I don't have cash at that time and I don't have any intentions to buy Bitcoin at that time although I saw Bitcoin went down to that price a few days ago.

There are some investors probably who bought at that price or at least close to that price but there are some who waited for Bitcoin to dip lower and its quite unfortunate for those who waited for a more downward movement more as Bitcoin is at $35,000 as of this moment . Congrats to those risk takers who bought at near $28,000 because you got yourselves some profit for now .

[jrrsparkles]

IMO, people who said I am waiting for the dip to buy may never utilized the opportunity at 28K because they expected the prices to reach $20K or even lower than that like what happened in 2018 beginning but this time the dip no longer exists and the prices raised upto 35K again so they must be regretting and keep saying that "they are waiting for the dip to buy", forever.

[crwth]

It's easy to say that now but now, many people have funds but were too scared to risk it because of the amount they are risking. The best way to have a different kind of mindset is to deposit a portion of the money that you have earned so that you won't be shaking because of the fear of losing money. That's what I felt when I'm risking more money than I can't afford to lose. Same as gambling as well.

I believe that everyone who has posted here has their own stacks of BTC and not willing to cash out yet.

[Oasisman]

People has many different definitions of the word "dip". Some might want to see a price below $10,000 (which is currently far from happening by now considering how high Bitcoin have reached today), some might consider below $20,000, but these types of people are like the doubters and probably end up not buying a single fragment. Then, here's the people who has regrets from the past, buying the high price and riding the train
. I don't know, but people won't ran out of reasons.

[buwaytress]

It is a cycle and reasoning that never ends. Those watchers will say that it is expensive to enter @ $33k and they are expected to say the same thing when bitcoin enters $40k onwards. While the institutions are doing their thing to accumulate in the best that they can, leaving few btc in the circulation.

I didn't did my part but still held strongly when I've seen it down on $28k-$29k. Honestly I was about to secure profits but did just hold because I knew it will recover and I guess I did the right decision.

Easier said than done to ignore the psychology of numbers and just dollar cost average. I do my best, and am happy to say it's worked out well. I used to try and time my buys (and sells, you know, to pay the bills) but I've gotten better over the past 2 years of just trying to keep it at fixed intervals and that's just worked out so well. Of course, I did switch habits a little around November... timing sells, and it has worked out too for a little more dollars than I would have had I stuck to schedule.

Keeping records and calculations are handy when cost averaging. Helps you convince yourself to stick to it.

[Lucius]

BTC at $30K is not entirely unexpected because some people have been calling for it. Most of us just didn't listen. The 50% drop will only happen once institutional investors, who are also the major reason for the pump, starts leaving the market. As it is now, I don't see that happening anytime soon with the inflation caused by the pandemic.

People are also calling for other numbers, so although in my opinion it is not disputable that the numbers will be reached in the future, few expected that the new ATH will be reached before the end of last year. Most still hoped (including me) that the price of BTC would rise to a maximum of $15 000 which would be about a 100% increase over halving, but who could count on MicroStrategy or the incredible amounts of BTC that Grayscale started buying?

In other words, nothing is the same as before and I do not dare to speculate at all what will happen by the middle or end of this year. The fact is that the price depends on the big players, but we are completely unaware of what their plans are - we can only hope that BTC will not be treated as something temporary to make a quick profit.

[sunsilk]

It is a cycle and reasoning that never ends. Those watchers will say that it is expensive to enter @ $33k and they are expected to say the same thing when bitcoin enters $40k onwards. While the institutions are doing their thing to accumulate in the best that they can, leaving few btc in the circulation.

I didn't did my part but still held strongly when I've seen it down on $28k-$29k. Honestly I was about to secure profits but did just hold because I knew it will recover and I guess I did the right decision.

Easier said than done to ignore the psychology of numbers and just dollar cost average. I do my best, and am happy to say it's worked out well. I used to try and time my buys (and sells, you know, to pay the bills) but I've gotten better over the past 2 years of just trying to keep it at fixed intervals and that's just worked out so well. Of course, I did switch habits a little around November... timing sells, and it has worked out too for a little more dollars than I would have had I stuck to schedule.

Keeping records and calculations are handy when cost averaging. Helps you convince yourself to stick to it.

I also do some timely sell just for the bills and other important stuff that I'm obliged to do. Congratulations on your strategy that you've been doing and your efforts done for the past years are worth it and you deserve the gains that you're getting today.

IMO, people who said I am waiting for the dip to buy may never utilized the opportunity at 28K because they expected the prices to reach $20K or even lower than that like what happened in 2018 beginning but this time the dip no longer exists and the prices raised upto 35K again so they must be regretting and keep saying that "they are waiting for the dip to buy", forever.

They even expected to wait for the price below $10k and then $1k-$3k at first. Now, they don't know what to do and they're pushed to buy at the peaks.

[Bttzed03]

~
In other words, nothing is the same as before and I do not dare to speculate at all what will happen by the middle or end of this year.

This I can relate to. It's better to just wait for BTC to fly as more big players are coming in. Even some of the day/swing traders I've followed in the past have switched to altcoins which is indicative that they find it riskier to short BTC at the moment.

I also know of someone who closed his position at $28-29K and boasted that he'll just come back in the fourth quarter of this year. I wonder how that will work out for him (not really related to the topic, just sharing).

[buwaytress]

I also do some timely sell just for the bills and other important stuff that I'm obliged to do. Congratulations on your strategy that you've been doing and your efforts done for the past years are worth it and you deserve the gains that you're getting today.

We all do! And what I meant by timing, is trying to sell at peak and invoice (as a freelancer earning in crypto) when prices are at a dip. Hasn't always worked out, and probably wise not to do during a rally (or a bear market). And what I meant by keeping good records is, you can always look back over a year when doing books and see for yourself you basically make more or less the same without timing. Less headaches to just sell/invoice/buy at fixed periods and effectively cost average it all out.

[Fatunad]

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

For sure this situation had made out neither those who wait for the dip and for those who do eventually shake off their hands when they do saw that the price had go down so fast.

I can really tell that lots of people had presume out that this might be the another 2017 event that did happen in the past where the price had crashed down to the floor.

Lucky for those who entered in 28k and able to make profits in a short span of time when the price had clinged up to 35k which its really a good positioning in a short span of time.

[sana54210]

BTC at $30K is not entirely unexpected because some people have been calling for it. Most of us just didn't listen. The 50% drop will only happen once institutional investors, who are also the major reason for the pump, starts leaving the market. As it is now, I don't see that happening anytime soon with the inflation caused by the pandemic.

People are also calling for other numbers, so although in my opinion it is not disputable that the numbers will be reached in the future, few expected that the new ATH will be reached before the end of last year. Most still hoped (including me) that the price of BTC would rise to a maximum of $15 000 which would be about a 100% increase over halving, but who could count on MicroStrategy or the incredible amounts of BTC that Grayscale started buying?

In other words, nothing is the same as before and I do not dare to speculate at all what will happen by the middle or end of this year. The fact is that the price depends on the big players, but we are completely unaware of what their plans are - we can only hope that BTC will not be treated as something temporary to make a quick profit.

I have to say those big companies getting in is not the only reason why bitcoin went high, I think they are definitely playing a big role, but that is not the only reason, they have done that before, many big companies got in, but it didn't increased this much.

Studies shows that each 100 million dollars in a regular break even market (meaning same amount of bitcoin sold and bought at the same price, not going up, not going down) would make it go up 1%, which means even with 1 billion dollars you can only increase the price 10%, or even if you get in with 10 billion dollars that would be double, so they were not the main reason.

We have increased more than anyone have guessed and that was thanks to all of us, we are really doing awesome because everyone believed in bitcoin and as long as we keep on believing the price will go up, we are going to have the same result.

[hahay]

I'm waiting to sell and not waiting to buy, my reason is because I've been buying gradually when the price was still below 20k or before it hit the ATH line, so now I just have to wait to sell. That doesn't mean I stop buying, because there are many other coins worth owning too, so buying them before touching ATH before is just like I did in bitcoin, I think it's the best way for me personally. however, if I still have a lot of money to spend, then it is very possible that I bought yesterday during a correction because it was a moment to look forward to.

[sunsilk]

We all do! And what I meant by timing, is trying to sell at peak and invoice (as a freelancer earning in crypto) when prices are at a dip. Hasn't always worked out, and probably wise not to do during a rally (or a bear market).

Hehe. I forgot that I've also held for long and enjoying today's move.

And what I meant by keeping good records is, you can always look back over a year when doing books and see for yourself you basically make more or less the same without timing. Less headaches to just sell/invoice/buy at fixed periods and effectively cost average it all out.

Yes, I also do this every time when there's a dip at this peak and realizing that all of this time, we're in good price whether it corrects a bit. It is making me relieve whenever I look back at the past, a year to three ago.

Just in, bitcoin = $37k, and the entire crypto market cap is $1T.

[buwaytress]

Yes, I also do this every time when there's a dip at this peak and realizing that all of this time, we're in good price whether it corrects a bit. It is making me relieve whenever I look back at the past, a year to three ago.

Just in, bitcoin = $37k, and the entire crypto market cap is $1T.

Yup! I saw that. Feels weird still to be actually online and watching new ATHs hit. It was strange enough in 2017 throughout but at these prices, it feels even more surreal. I've always wanted it to be a little slower but I if it's going to keep going this way, I'd rather the momentum carry on for much, much longer. The longer cycle most people think it's headed for!

[kotajikikox]

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

I don't give importance on those posts and besides i mostly Ignored since i'm sure it was created for a sole Purpose and that is for Spamming purposes .

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

I have Bought another small amount , actually my Winning from gambling that supposed to be for Playing was denied and Put into Bitcoin investment.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

Surely Only few of those who posted of waiting for the DIp who Buys recently because majority are still afraid in engaging because the High value of BTC is really scary to gamble these days.

[Taskford]

I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

For sure the reason of majority is they are afraid to buy at the current rate since actually the FOMO feeling is now happening in the market and we already break to many ATH at this current rate that's why I can't blame others to think about the upcoming bear that's why many ask about that "what is the best price to buy or when to enter".

But we should remember that upon trading is doing this without a chart is like walking in a complete darkness without a light so it really a must to have that to have an indicator on when to enter.

[peter0425]

Yeah i am one of those who are asking for this chance but the sad part is that I have no funds available now , all my Money are inside crypto and i have no plans to release them now .

yeah that is an opportunity but i would rather stay Holding now than selling to Buy dip.

I'm not in a Hurry so taking time will keep me safe as well.

[Lucius]

I also know of someone who closed his position at $28-29K and boasted that he'll just come back in the fourth quarter of this year. I wonder how that will work out for him (not really related to the topic, just sharing).

So for someone who bought at a price of say $5000, a profit of almost x6 in less than a year is something that is not rejected so easily - especially considering that most are counting on a new big correction to re-enter. The big question is just how high the price can go before the correction comes and how much it will be. 50% of $100 000 would mean that many small investors will not get back into the game so easily, but that is their problem now.

I have to say those big companies getting in is not the only reason why bitcoin went high, I think they are definitely playing a big role, but that is not the only reason, they have done that before, many big companies got in, but it didn't increased this much.

Show me an example of some big company that publicly invested in BTC before halving this year or back 2-3 years and that was the news in some media? Even if you find something, it can't even come close to measuring the magnitude of what's currently happening - and that is that hundreds of thousands of BTC are disappearing from the market every month. Of course there is another good reason, it's called halving and like the previous two times it probably hasn't shown its real effects yet.

If we want to explain the whole thing in the simplest way, we can invoke the law of supply and demand, and that is exactly what is happening with Bitcoin.

[jostorres]

It is a cycle and reasoning that never ends. Those watchers will say that it is expensive to enter @ $33k and they are expected to say the same thing when bitcoin enters $40k onwards. While the institutions are doing their thing to accumulate in the best that they can, leaving few btc in the circulation.

I didn't did my part but still held strongly when I've seen it down on $28k-$29k. Honestly I was about to secure profits but did just hold because I knew it will recover and I guess I did the right decision.

Not all of us have to buy and do something about bitcoin to help it grow, as long as you do not sell thousands of bitcoins per day, you would be a fine one and wouldn't really end up doing something majorly bad for bitcoin. I personally didn't end up buying too much, I knew it would go up, I talked with friends about how it will go up, we all knew it would, but we couldn't take advantage of it, mainly because 2020 sucked big time and it was a horrible year and we had debts to pay and income problems and so forth, which meant that we didn't have money to put into bitcoin.

So we knew a way to profit, and yet we failed to take that profit because of lack of capital. Next stop for me is to create a capital, preferably on crypto, I want to have as much crypto as possible to take advantage of the alt season that would probably see coins go up 2x in price.