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Author Topic: Are you buying right now ?  (Read 877 times)
jademaxsuy
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January 06, 2021, 01:50:30 PM
 #21

No, its too risky to buy now because we do not know when will the market collapse. Who knows that there are transactions there already waiting to be confirm by the miners. Besides, if a bitcoiner really wanted to earn thru investing then it might be a good idea to start investing when market for bitcoin to go down. There is a higher assurance that one can really earn so high like to what happen to others who invested earlier.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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January 06, 2021, 01:58:46 PM
 #22

Quote
It first crossed 20, then 22, then 27, then 30, then 32!! Then now it's nearly around 35 and I wanted to take a little risk.

I have the exact same thought. I thought it's gonna plummet when it hit the 21K mark but apparently I was wrong. And I'm still anxious to buy since it's already fluctuating between 29K and 34K. So, it will take a lot of courage for anyone who failed to buy early last year to buy now.

Quote
Am I the only one who brought bitcoins right now ??


Apparently, you're not the only one. Because it wouldn't have shot up that high if no one else is buying. But I bet many of those buyers have been buying and holding since last year so their risks are manageable.

Quote
Can we pass beyond the 40k resistance??

I believe we can. Just a few months ago we were asking if bitcoin will hit 20K again, and it did.
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January 06, 2021, 02:05:25 PM
 #23

this should be the right moment to sell but unfortunately there are no coins in the portfolio. will i buy? I think it would be better if not to buy now. not mean to be pessimistic, but after a big spike, there will definitely be a moment to fall back after the price is continuously pumped because that's when bitcoin holders will sell. from this, we've got a lot of things, that bitcoin is bound to be a big increase. So when prices fall, it's not time to panic but time to buy.
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January 06, 2021, 02:39:13 PM
 #24

I personally have no plan on buying in the meantime and actually, I already sold some of my bitcoin recently. Though you have a point that it might increase even more but it's a bit too risky for me since we're also expecting a correction. Right now, I'm into altcoins because bitcoin is too high for me. But I hope that we still keep getting new ATH, and might as well reach $40k.
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January 06, 2021, 02:47:36 PM
 #25

To be honest I want to invest right now but the problem is the timing. It is still pandemic and there are a lot of things I should consider first including my family and my partner. Things we needed are getting expensive and to survive this we need to disregard the things that we want and just buy what we needed. I can't invest not because I don't want to, but because I can't.

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January 06, 2021, 02:55:05 PM
 #26

Undecided?

I see this thread here : https://bitcointalk.org/index.php?topic=5304522.0 asking if people are stupid when buying BTC at price of 27k... then it jumped up to 35k, suddenly those who bought at 27k weren't stupid anyways...

so ask yourself what's different ? 27k vs 35k right now... are you stupid for not buying at 35k when BTC hits 50k or 100k ?

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January 06, 2021, 03:06:28 PM
 #27

Interesting times. If you are buying from these prices it means you are ready to hold someone else's bags for multiple years. It can go even higher for sure but the questions is... will you be able to get out in time? If you are cool with being a long term holder, why not? Go buy.

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January 06, 2021, 03:14:12 PM
 #28

Buying? I guess that's not the right thing to do.

Bitcoin is in bull run, we should not be buying, instead we should be selling and don't be greedy.
It's okay to aim more, but we should set some target to sell, avoid being greedy so we will not regret.

Actually it's still possible that the price will continue to rise, but there's more possibility that it will fall down again.

I thought there was consensus that BTC is likely to surpass $100k soon and $500k+ within 5 years due to all the institutional buyers coming in. Are you selling due to expecting SHORT TERM dips and then plan to buy back in after the dips? I have trouble justifying selling (even with expected corrections) bc where else can I stick my money that will give me even 10% the return BTC is likely to put off?
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January 06, 2021, 03:19:54 PM
 #29

Yes people are buying and this make sense because bitcoin is making a new ath during each week. Imagine you see this topic a month ago, I remember people were saying buying bitcoin above 15K doesn't make any sense and it's against the risk management rules. Now, bitcoin is near to 40K and they feel regret. Since we are one a uptrend movement and there is no reason for price fall, people will still buy because they are holding bitcoin for long term.

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January 06, 2021, 03:28:27 PM
 #30

What do you think is going on with the market ?
Can we pass beyond the 40k resistance??
How far is the bull run for , or maybe this time it is going to be stable around this price??
I hope there is a good explanation for why it goes this high.
We are still in a pandemic and yet the buy rate is high.
It's just difficult to imagine these are average people trying to get more bitcoin in their wallets.
Who knows? Maybe they are risking their savings for a better profit.
Although. I doubt this will last. Argh, my pessimist hobby is coming out again.
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January 06, 2021, 04:10:14 PM
 #31

Some would say it would be foolish to invest at this point and there will lso be people who will push investing due to the momentum of this market. But the real deal is to how will you respond to what you are seeing right now. Investing could either give you profit or loss. What's best is to make your own analysis in order to not regret whatever you are planning to do right now. If you will make an action based on the opinion of other people in this industry, and the other way around happened behind your expectations, it will be harder than the usual. There'll more likely be regrets and frustrations unlike if you will make your decision by yourself, learning is more likely to be the outcome and it would be a bonus if you made the right action.



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January 06, 2021, 04:24:05 PM
 #32

The best strategy for earning Bitcoin is Arbitrage trading,althought Arbitrage trading is mostly done by Trading bots but this can be done manually as well and we can earn a good profit every month if we do this on regular basis. no need to worry bitcoin goes dump or goes up like a rocket we can earn .

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January 06, 2021, 04:40:26 PM
 #33

To be honest I want to invest right now but the problem is the timing. It is still pandemic and there are a lot of things I should consider first including my family and my partner. Things we needed are getting expensive and to survive this we need to disregard the things that we want and just buy what we needed. I can't invest not because I don't want to, but because I can't.

Which i guess doesn't sound as the right time to invest. I'll bet everyone wanted to invest in bitcoin and even as much as i am but the most probable thing that everyone was considering was of course the high value of bitcoin. As much as we wanted to have a bitcoin in our own but if the main concern that we are facing was the high value of single bitcoin will become on top concern. But if you have your own capabilities to afford to buy a single bitcoin then it wouldn't be an issue i guess.

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January 06, 2021, 05:02:03 PM
 #34

Definitely I won't be buying for now because the price is to high. There is a saying anything that goes up most come down. Btc will surely go for correction before making a new ATH. Will wait to buy the dip

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January 06, 2021, 05:08:18 PM
 #35

I don't think it is a good idea to buy right now, I am not good at day trading that is why it is too risky for me to buy right now. Those who are buying at a time like this is a day trader, which means they are trading time by time. Maybe if the value falls down, that is the right time for me to buy, and wait for the right time that the price will rise up again, Even if it is a long term holding it is good for me as long as I am making a profit. The good thing that I can do right now is to study trading, its tools and indicators are important to learn.
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January 06, 2021, 05:19:57 PM
 #36

I'm having the same thoughts when the market price drop in 31k$ from 34k$ trying to reinvest again after I sold my bitcoin in 27k$ which I pretty much make a good profit.

I was gonna reinvest at 31k$ but in just a small time the market price is already at 35k$, and then I was thinking if I'm gonna reinvest at 35k$ but maybe it just really risky for the short term investment.

We could still see a lot of opportunities for investment in other altcoins that is not that risky as investing in bitcoin today, but it might be worth taking the risk since you could always change your plan and go for a long term investment if the bitcoin stop pumping and dump after investing.

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Hamphser
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January 06, 2021, 05:24:02 PM
 #37

I'm having the same thoughts when the market price drop in 31k$ from 34k$ trying to reinvest again after I sold my bitcoin in 27k$ which I pretty much make a good profit.

I was gonna reinvest at 31k$ but in just a small time the market price is already at 35k$, and then I was thinking if I'm gonna reinvest at 35k$ but maybe it just really risky for the short term investment.

We could still see a lot of opportunities for investment in other altcoins that is not that risky as investing in bitcoin today, but it might be worth taking the risk since you could always change your plan and go for a long term investment if the bitcoin stop pumping and dump after investing.

On the time we had able to buy in again then we must always consider or looking for price pullback specially if you do go for short term then that would be a good choice rather than risking
when it was still somewhat on peak price even though we cant really precisely tell if its on the top or not but our own guts and intuition do really mix up on that time.
Profitability will vary on someones decisions on how he gonna act on what he's currently seeing on point.If you do seem that the price is already on the peak
then better to hold and wait up for the right time to get in, it might not be precise or exact but at least what matter most is on to make money or in greens.

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cryptolover64
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January 06, 2021, 05:47:09 PM
 #38

I am not buying right now as i is very risky. I know BTC can go even further to 40k or 50k. But i cannot  buy right now. But in long term perspective  BTC price will go up and up. For long term one can buy BTC any time at any position because  its demand is increasing  day by day.
Oilacris
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January 06, 2021, 05:55:36 PM
 #39

I am not buying right now as i is very risky. I know BTC can go even further to 40k or 50k. But i cannot  buy right now. But in long term perspective  BTC price will go up and up. For long term one can buy BTC any time at any position because  its demand is increasing  day by day.
Then when you would buy? When it already hits 40-50k tomorrow? This had been a common question in mind because we dont know on whats the peak.

So its just normal for people to hesitate on making out decisions specially now that bitcoins price is already expensive.It isnt something that you can get cheap.

Due to unpredictability then you would really be having a hard time neither you would get in or not.It all matters with risk management because this is the same
questions into those times where price is trying to break 35k. People are saying its already expensive to buy but look at on where we now?
Lots had regret that they do missed out the opportunity.

heyuniverse
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January 06, 2021, 05:58:47 PM
 #40

If you subscribe to the Dollar Cost Averaging theory, you should continue buying even at the peak and investing the same amount as usual. There's a chart by Blockchain center called the Bitcoin Rainbow chart. It's interesting that even when prices reached "It's a bubble territory" it eventually ends up as cheap by the next year. Personally, I think it's still a good time to be investing, but I would not say it's a good time to take your life savings and dumping into Bitcoin.

Slow and steady wins the race.

If you're interested in hearing more about the tools I use to make my conclusions you can find that here.
https://www.youtube.com/watch?v=jxrFy1LWxME
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