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Author Topic: Are you buying right now ?  (Read 877 times)
tsaroz
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January 07, 2021, 02:07:13 PM
 #61

I'm buying coins, freaking again and selling them. I'm still learning to trade, made some lost much larger and recovering again. The difficulty on making a trade on such volatile market is to find the right time to take profit or stop loss. What I can say for sure is bitcoin is much more inflated than what it's worth at least at the moment. Anyone buying now for long term would get hurt.



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January 07, 2021, 02:57:02 PM
 #62

No. I am not buying right now because first I don't have money to invest because I lost my day job, second even if I have money to invest I will still prioritize my family's basic needs and third I am not a long term hodler.



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Rainbot
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January 07, 2021, 03:14:35 PM
 #63

I sold all my bitcoins in range 20k to $22k so i'm out the market.
i will never ride the wave, will never follow the fomo, i know it's risky to buy it now, i believe bitcoin will drop to 10k sooner or later, so i prefer to wait until price wave come back to me.

i already have good profits from my sale at 20k. i don't want to risk and lose my profits.
yes i would make more profits if i buy now, but i'm happy because i already exit with nice profits.

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January 07, 2021, 08:33:28 PM
 #64

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.
it is proper thinking. When the price drops and everyone starts to panic it's time to buy. You don't want to buy at the highest price because it will hurt when the market starts to bear.

The price of bitcoin continues to reach new ATHs today. And of course to reach the highest price again there will be several corrections that must be passed. The price of bitcoin reaching $ 40k will probably happen soon, but you will see where the real Bitcoin price is. This is also supported by several institutions and companies that started buying bitcoin and the Bitcoin euphoria has continued to increase.
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January 07, 2021, 08:52:17 PM
 #65

for sure the market is now better than in 2018 yesterday.

Why would you compare 2021 to 2018?

Compare 2021 to 2013 or 2017.

We're just in the first rise of the double rally.

Maybe we'll get a bear market in 2022 or 2023. Maybe.
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January 07, 2021, 09:07:05 PM
 #66

I sold all my bitcoins in range 20k to $22k so i'm out the market.
i will never ride the wave, will never follow the fomo, i know it's risky to buy it now, i believe bitcoin will drop to 10k sooner or later, so i prefer to wait until price wave come back to me.

i already have good profits from my sale at 20k. i don't want to risk and lose my profits.
yes i would make more profits if i buy now, but i'm happy because i already exit with nice profits.


I'm glad you got out when you felt good about your profits. Nothing wrong with that. Not everyone will or needs to stay in the market until it hits $500k or $1 million or whatever. But you're gonna miss the vast majority of the bull market, and if your plan is to get back in lower than you sold, you aren't ever getting back in.

$10k, even $20k, are long gone. I've said it on here before, the worst possible time to sell, other than the bottom of a bear market, is right when the price hits the peak of the previous cycle (which was right where you sold), because hitting that old peak is the start of the next exponential move upwards which means you miss immediate massive gains by selling at that point. Case in point, you already missed about 100% gains in less than a month, and this is only the beginning of this bull run.

Just like by the time Bitcoin hit $3000 in 2017, $1000 was long gone. Anyone who sold at $3k in 2017, happy with their profits, but planning to only get back in at $1000, never got back in and now have missed >10x gains in the meantime. Just recognize for yourself that this is the decision you have made for the future. Either you're out for good, happy with the profits you made while you were in the market and you move on to slower growth investments like stocks, or you're eventually buying back in at a much higher price than where you sold.

Personally, I could sell everything right now (at nearly twice the price you sold at), move it all to the stock market, and live off the dividends the rest of my life. But then I'd miss out on thousands of percent gains this decade, so I keep holding.
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January 08, 2021, 10:24:18 AM
 #67

No. I am not buying right now because first I don't have money to invest because I lost my day job, second even if I have money to invest I will still prioritize my family's basic needs and third I am not a long term hodler.

no one can forbid anyone for what he will do, whatever action will be taken is definitely the best thing to do because he himself knows.

If it's about bitcoin, you don't really need to be afraid to buy it because bitcoin will continue to increase. You can buy a nominal what you can afford, because the time is still long enough and at that time you can fulfill it.

I am very concerned about losing your job, indeed at times like this there is still a pandemic going on, many have experienced it like you and of course it is wiser to use it for needs that become priority scales and that is a very wise action you take.
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January 08, 2021, 11:31:49 AM
 #68

As bitcoin grows and fomo is high, my tactics is not selling or buying, but converting. I’m converting the amount I would have sold to fiat, into altcoins. Wont tell which, as it is personal, but something amoung first 50 from coinmarketcap. Altcoins that have lost most in price. Tired of holding, want to risk a bit  Grin I hope those altcoins will recover first, but then I will earn during so long waited altseason.

I think you can just buy new altcoins with the gains you have made through bitcoin. A new investment in altcoins will be better and not converting your bitcoin to altcoins because if a lose come in the altcoins, you can't talk of profit made with bitcoin. hodling.

No. I am not buying right now because first I don't have money to invest because I lost my day job, second even if I have money to invest I will still prioritize my family's basic needs and third I am not a long term hodler.

Advise is that financial challenges will always be there in any family. A man is full of challenges and if you keep with the idea of not investing because of helping your family, you may be poor for life. So learn how to balance your income and try to invest for yourself, your kids and family at large.

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January 10, 2021, 02:19:01 PM
 #69

I am not in a rush to buy BTC right now. Because the price looks fixed and I choose to wait and observe it. I have bought BTC some time ago and I have made a good profit so far. I am indecisive about selling it now. If I do that, I will wait for the price to fall drastically and then I will buy again.

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January 11, 2021, 05:57:55 AM
 #70

Nope. Definitely waiting for a bargain sale. With its current price it's too expensive, I'll patiently waiting for a major pull back and correction. Its not good to fomo if the price is like that. Institutional players fomo at high price so the reatracement will probably take time, or its like we never gonna see bitcoin below 20k anymore as more enter the market at this level. Anyway we don't know what could happen so better to take advantage of its volatility and do leverage trading.

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January 19, 2021, 11:53:12 PM
 #71

I decided not to buy bitcoin anymore cause there are two reason.firstly, i already hold enough amount of bitcoin in my wallet and secondly buying bitcoin may proved risky for up coming days cause nobody can predict that what's will be going on with crypto market.but still btc price increasing cause people still play with their fund, take risk and buy bitcoin for fun.that's depend on them how they want to use their fund but I'm waiting for strong correct

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January 20, 2021, 01:01:55 AM
 #72

If you are going to HODL long term buy when you have the means and you have a mindset to hodl, if you are going to buy for short term profit then follow the market and buy at the right time but we should not stop buying, all the indications are here that the market will explode anytime soon, we don't want to be part of the group that says I should have bought when I have the means.

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January 20, 2021, 01:23:45 AM
 #73

I am sure that many people have finally decided to buy Bitcoin these days. I am also among those who dare to take these risks. Because I believe
the Bitcoin price will reach a price of $ 100k, so buying Bitcoin at the current price of $ 36k will give me a huge profit if the target price of $100k is
reached. I am very confident that after doing technical and fundamental analysis, it shows Bitcoin is still going to continue to increase. So don't
let us regret not starting to collect Bitcoin from now, because by the end of this year I am optimistic that Bitcoin price will reach $ 100k.

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January 20, 2021, 06:09:09 PM
 #74

If you are going to HODL long term buy when you have the means and you have a mindset to hodl, if you are going to buy for short term profit then follow the market and buy at the right time but we should not stop buying, all the indications are here that the market will explode anytime soon, we don't want to be part of the group that says I should have bought when I have the means.
People would have different mindset when it comes to buying decisions neither they would go for long term holds or would just tend to get in and get out as soon they do able to make money.

Buying will be situational because not all will really have that kind of target in life or towards their investment.They might buy now and later on do sell off when they do see gains.

Buying now isn't really a bad idea but you should know on what would be the situations or events that might happen along the way so that you wont really get shocked.

R


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January 20, 2021, 07:25:32 PM
 #75

I am sure that many people have finally decided to buy Bitcoin these days. I am also among those who dare to take these risks. Because I believe
the Bitcoin price will reach a price of $ 100k, so buying Bitcoin at the current price of $ 36k will give me a huge profit if the target price of $100k is
reached. I am very confident that after doing technical and fundamental analysis, it shows Bitcoin is still going to continue to increase. So don't
let us regret not starting to collect Bitcoin from now, because by the end of this year I am optimistic that Bitcoin price will reach $ 100k.

If you have that instinct inside you, then  working on it for long-term goal is a good option.

Being optimistic added trust, from that everything turned into positive, it's very important not being move by any market downfall, it will only annoy you, keep your investment intact while waiting for your target goal, those who invested back in 2017 who still holding their assets are now enjoying. Bitcoin keeps bouncing it will depend from your perspectives.
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January 20, 2021, 08:02:20 PM
 #76

it is quite difficult to determine whether Bitcoin will breakout and continue its bullish trend,
because the Bitcoin price has experienced tremendous bullishness, the increase is already very high for bitcoin,
I suggest accumulating when it is at the bottom, I still hold Bitcoin and bought Bitcoin when it was $ 11k and $ 15k,
if it didn't break below $ 34k I would still hold

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January 26, 2021, 06:38:20 AM
 #77

If you have that instinct inside you, then  working on it for long-term goal is a good option.

Being optimistic added trust, from that everything turned into positive, it's very important not being move by any market downfall, it will only annoy you, keep your investment intact while waiting for your target goal, those who invested back in 2017 who still holding their assets are now enjoying. Bitcoin keeps bouncing it will depend from your perspectives.
These are the real things that we should be aiming at instead of selling but that is lost on so many people. Reality is that bitcoin could go down or up in small amounts in the short period, it could even have a big bear crash as well, there is really no reason to keep that going. However one thing is for sure, bitcoin will be going super high in the long run. Frankly I believe the same for ethereum as well.

So, I am working on getting 50% bitcoin, 40% ethereum and 10% junk coin portfolio, and I have been very decent at it, I used to have a lot more bitcoin and a lot less ethereum, now I am trying to exchange that but I believe that is going to help me in 10-20 years. Yet some people expect to get rich tonight, that is not going to happen it is not that easy and you will have to end up with a lot more drops before you can see 100k ever happening.
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January 29, 2021, 03:59:32 AM
Last edit: June 12, 2023, 01:49:47 AM by STT
 #78

I bought a little BTC on the basis it can break out here, Im unsure if it makes this scenario or not but its definitely a viable prospect.   We've made a slightly higher low, the only thing that would confuse bullish movement from here would be a lower high of some sort.  So just waiting I guess to see how it goes, market itself is likely uncertain in this.
   I always consider true price movement must be rubber stamped by each sphere on earth so Asia trading, europe and americas and I guess a bit more also so I often look at 4hr bars though daily and weekly also is an ideal confirmation till then we guess.

Think I need it to beat 35k really  & if we dont perhaps we repeat some more again which is fine also all these prices are high.


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January 29, 2021, 06:09:33 AM
 #79

There is no wrong or right time to buy Bitcoin. Bitcoin is just a coin which is competing to be recognized as a digital currency. This year has been particularly good for bitcoin. I can only say that the next few weeks looks good for bitcoin because of some major announcements regarding adoption of bitcoin but any bad news can topple the whole market and bitcoin may loose its value again.
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January 29, 2021, 12:01:18 PM
 #80

There is no wrong or right time to buy Bitcoin. Bitcoin is just a coin which is competing to be recognized as a digital currency. This year has been particularly good for bitcoin. I can only say that the next few weeks looks good for bitcoin because of some major announcements regarding adoption of bitcoin but any bad news can topple the whole market and bitcoin may loose its value again.

So you mean everytime we buy some bitcoin then it's good decision made by us? Well for me no since it's so wrong to buy at the peak since most provably we will lose our money when dump hit the market and it's so stressful to hodl while waiting for bitcoin to rise again. So best to spot the right timing since it will make you gain from your trades.

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