Jaycee99 (OP)
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January 09, 2021, 06:53:50 AM Last edit: January 09, 2021, 08:31:16 AM by Jaycee99 |
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You saw the BTC price this month increase, would you buy it and hold it for a long time? been hesitating when I want to buy BTC today but before that. I want to read opinions from you all if it is okay?
I hope you are an expert and doing this for a long time what would you say? buy? or not? also,
I already have BTC (just sharing).
PS: Don't judge me I stopped reading BTC and trading articles or pieces of information for almost years I only came back this December. Till now I am learning again (will not stop) and want to ask you people who are none stop doing trading and buying bitcoin.
I have been giving opinions when it comes to selling or buying but when that time comes that is today I am going to buy it now I been hesitating.
So, I heard from one friend that it is a wrong decision when you people buy rising stocks value most likely to go down, is it different from bitcoin? is it right or wrong? I also made research but it's the opposite. Hope to get answers from real users because some websites I read also have comments but I don't trust it, it might be a bot or a scam.
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Bitum
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January 09, 2021, 12:44:55 PM |
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At the moment it is not the right time to buy BTC, the market is overheated and a correction is coming, just wait and then make a purchase decision
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CryptopreneurBrainboss
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January 11, 2021, 04:30:38 PM |
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None of this matter per se if your target aren't short sighted, investing in bitcoin should always been long term as you increase your chances of profiting with the long term strategy. Although the market has been all FOMO in all through the month, it doesn't matter if you won't be wanting to sell anytime soon and can hold through the dump when they happen.
You can also 'dollar cost average' your investment and come out profitable in the future. The idea is to buy bitcoin whenever the funds are available. Bitcoin should be used as a savings account that generates interest for you. If you couldn't get your hands on bitcoin prior to the spikes then here's another opportunity that the market is presenting to you by taking the price below $30k once again.
What's happening now is a healthy corrections that shouldn't discouraged you from buy-in the drip as you might regret not doing so in few days time when the market starts recovering.
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Coin_trader
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January 11, 2021, 04:34:58 PM |
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Wait for BTC to retest major support around 28K to 30K. If the price strong bounce back after it reach that level, It just mean that its safe enter the market since there are strong support to back up the uptrend. Never enter on a price range that don't have any indication about the next move of the trend. Be patient and watch carefully for the supports so that you can sleep peacefully after you bought BTC. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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kram31
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January 11, 2021, 04:45:28 PM |
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From 41, 000$ almost yesterday and today it went down to 30, 000$ to 31, 000$ each Bitcoin. Lucky to those holders who have a lot of money to buy a lot of bitcoins. Because they will surely get earn again in the market. I guess it is the right to buy now then hold until the price spike again in the market.
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The Sceptical Chymist
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January 11, 2021, 07:22:14 PM |
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Would I buy bitcoin when it's hitting its all-time high? Nope. As much as I love bitcoin, there's no way in hell I'm going to buy at what could be the top--that's how suckers lose money. They give into that good ol' FOMO and buy when prices are too high (and I'd say a lot of times they end up selling for a lower price).
These big companies like MicroStrategy and others, they make me wonder if they know what they're doing by buying bitcoin in a market like this. I think they're smart for wanting to own it in lieu of cash, of course, but whether you make money or lose it all depends on what price you got in at. That's always the case, always.
Now, having said all of that and seeing how far bitcoin has dropped in a couple of days, I might be inclined to buy it at $35k (or wherever it is right now). But even then, I don't have a clue where the price is headed--nor do I have any extra money to buy crypto with.
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TimeTeller
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January 11, 2021, 09:06:08 PM |
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From 41, 000$ almost yesterday and today it went down to 30, 000$ to 31, 000$ each Bitcoin. Lucky to those holders who have a lot of money to buy a lot of bitcoins. Because they will surely get earn again in the market. I guess it is the right to buy now then hold until the price spike again in the market.
Now is the time for those users that are saying that they should have bought btc at a lower price. As we plunged to 31k, are they going to buy now or will wait again for btc to rise again? This sudden drop will be a good opportunity for those who want to make profit in this very volatile market. Scalping will be a good strategy here as the market is very unpredictable. But one should know what he's doing, else, one mistake and his profits will be gone.
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blockman
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January 11, 2021, 10:57:39 PM |
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It is not a good choice to buy at the top. Just like when it had reached $42k, many FOMOed and did the wrong decision of thinking that they have to buy because it will continue going up. There will be another time that it will break that price and just like now, the price is low. This should be the price to start deciding whether you'll buy or not. But if I'm the one to decide and I have money ready to invest in bitcoin, I'll do it.
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sallybein987
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January 12, 2021, 01:07:48 PM |
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It's too risky to buy on TOP. But when BTC reached 30K and then growing to 40k buying on TOP of 30k was not bad idea.
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Oneandpure
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January 12, 2021, 02:19:53 PM |
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You can buy bitcoin right now because have pass correction time and last day bitcoin dump almost close with $30,000 and now back to $35,000, still have chance to see bitcoin really back to higher price above $41000 and keep touch higher price. Better you buy bitcoin or altcoin right now before raising to higher price and always have moment for getting much profit. I think you need to know when bitcoin bitcoin price correction don't worry and keep holding your bitcoin assets before back to higher price.
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YOSHIE
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January 12, 2021, 04:17:36 PM |
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If I bought Bitcoin in 2019 at a price of $ 6000, of course I would sell now, however, if it is now, of course I will use the buy/sell method. This means: at this time a good step for us to do is to make short-term trades, buy when it goes down a few percent and sell when it goes up a few percent too.
There is not much that can be done at this point apart from engaging in the buy/sell trading method. Of course not forgetting to monitor market developments and charts.
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kapalmabur
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January 12, 2021, 10:19:07 PM |
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At the moment it is not the right time to buy BTC, the market is overheated and a correction is coming, just wait and then make a purchase decision
correction has arrived from $ 41.6k then dumps at $ 33k, maybe this is a DIP for the Bitcoin price, considering that bulls can still happen and Bitcoin has to hit $ 50k to peak, you see, as investors and traders my advice is to gradually buy each correction, and sell gradually when the pump or pullback, good luck.
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iamsheikhadil
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January 13, 2021, 03:03:38 PM |
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Me personally wouldn't buy Bitcoin when it's almost at $40k/coin which a few weeks or months ago was floating around $10k lol. I think it's built-in our psychology that we always consider the past buying opportunities as golden ones and curse on the present. Before it was floating around 10$k, Bitcoin price was around $4-$5k and even then a part of me resisted thinking it might go more bearish! I agree with Boss here, if you plan to invest for a long time, then you shouldn't care at what time you are buying
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scottsanderman12
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January 13, 2021, 03:09:29 PM |
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As for me buying BTC after correction not bad idea. So you decide - it's always risky.
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Ridwan Fauzi
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January 13, 2021, 03:52:31 PM |
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At what price did you buy bitcoin? I guess you are in lose situation now, right? How you feel? Have you ever thought to sell it back?
Those questions will describe your decision. If you answer that you will sell it back than you were wrong to bought bitcoin in all time high price. But, if you still confident and you have no doubt to still hold it than you are trully long term hodler. You will get a lot of profit if you are patient to wait the price that you wanted can be achieved.
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Renampun
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January 13, 2021, 10:04:06 PM |
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At this time, we should wait some more times to decrease the price of Bitcoin. After some days, hopefully Price will be falling then a better opportunity will create to buy.
*buy when the dip, is the wise thing...because I don't really have a large amount of capital so when I want to trade Bitcoin, I am very afraid of losing. for traders who own small capital, the price of Bitcoin is too high and very risky to buy.
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kkaroul4
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January 14, 2021, 03:31:22 PM |
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it goes down to $30,000 some people took the opportunity to buy again and right now the price is coming back again to $40,000 some people panicked and sell their coins on the lower price where in fact it's an area to buy coins.
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Cling18
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January 14, 2021, 03:40:41 PM |
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It isn't the best time to buy because the price is too high and you might have losses if the price drops down. You better wait for the dip so you'll surely gain a good profit when the price rises again. Just apply the basic rule which is to buy low and sell high. It's the best time to hold for now.
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sheenshane
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January 14, 2021, 03:55:01 PM |
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It isn't the best time to buy because the price is too high and you might have losses if the price drops down. You better wait for the dip so you'll surely gain a good profit when the price rises again. Just apply the basic rule which is to buy low and sell high. It's the best time to hold for now.
Good suggestion but here is my question. How do you know when the price will go down or up? Because ain't see any time frame of that and you can't determine when is the perfect time to buy or purchase Bitcoin. What if Bitcoin didn't how down as you said for the best time to invest, instead, it will grow up and times two in the current price, it's hard to determine and you can't jump in when the price is high. I may suggest investing in what you can afford, and invest any time you want. It's always a perfect time to buy if you have enough capital and wait until you will have a profit. Bitcoin is unpredictable, determine a high and low point of buying/selling will remain predictions to us.
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pinggoki
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January 14, 2021, 04:24:46 PM |
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To be honest, this is not the right time to buy bitcoin because the market and the bitcoin was very high. You will just experience heavy losses when the bitcoin dumps. Many people are selling their bitcoin when the price hits over $32,000 but now the price is pumping again and nearly to go $40,000 again. I suggest that wait the bitcoin to dump then you can buy so that you can sell it when the value of it pumps again.
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