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Author Topic: You saw the BTC price WOULD YOU BUY!?............  (Read 758 times)
ChrisPop
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January 16, 2021, 05:49:14 PM
 #41

I'd say that you should have a specific percent of your investments portfolio allocated to Bitcoin, but remember that anything you see in this forum is not meant to be financial advice. Keep that percentage in check so if anything happens to your BTC holdings it won't affect you too bad. In other words, get your emotions out of this game.
Most of the posts here are biased obviously. You need to establish why do you want to put your money into BTC. You can't say you're doing it just for the historical gains - that's speculating, not investing.

For example I think institutions are now getting their feet wet into BTC because they started realising this could be a paradigm shift in the way people around the world look at value. The scarcity and the features of this cryptocurrency make it a better mean of payment.

If you think BTC is worth more than Gold, compare the market caps. You will notice one of them is considerably lower than the other.
imstillthebest
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January 16, 2021, 06:53:41 PM
 #42

Quote
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.
this is accurate . we can easily hand out comforts to others but when it comes to our selves we are blanked . now can be the time that you are now the one that will ask suggestions from others .

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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?
stocks and btc have similiarities but what specifically stock is that ? btc is the strongest coin in crypto so its okay to buy btc on any value but if the stocks that he is comparing to btc is weak or not in the level of btc well he is right that it is risky buying that at high price .
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January 16, 2021, 07:21:39 PM
 #43

~

I would advise you to be critically active in the price. Spam F5 in your "btc to usd" keyword in Google because the price is really going crazy inside 30k right now.
Yesterday, I believe it kinda dropped a bit to 34k? But now we're back in a bit of few dollars up again.
Take my advice only if you really have the intention to buy.
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January 16, 2021, 07:21:56 PM
 #44

just look at the support and resistance:

for example:

if the price drops to $ 30,000 and manage to stay at that level and then go up to $ 35,000 you can buy and sell when  reach $ 41,000 if  can't break $ 41,000

But if you want to do hodl I advise you to buy if the price breaks the $ 41000, you can buy in the $ 41500 which would be safer

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January 17, 2021, 03:52:53 AM
 #45

~snip~
Whatever the price is we should always remember that gaining a profit is the most important thing here. No matter what you do with your own money either you buy Bitcoin during top or bottom as long as you know what you were doing it's always fine. Just don't forget to take profit from your investment because it's not all about hodling forever it's hodling while gaining and investing at the same time.

I agree. We should not forget that our purposes are to make a profit and as long as you can see the profit, you don't have to wait for another high price unless you are sure that the price will increase to the higher price. If the market situations are not good to hold because of wanting a bigger profit, you don't have to wait for more because the price can go down. Taking profit is the most important for us to get the money, and we can buy back again if the price is down.

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Psynthax
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January 17, 2021, 06:35:49 AM
 #46

Again, it's not a matter of right or wrong to buy expensive bitcoins, but about your investment style. if you are a day trader then it is not a problem as long as you can maintain your daily profit, but if you are a long-term holder, then it will be a little less profitable, because the essence of long-term investing is to buy dips and sell at a certain level of profit.
Buying dip is definitely the way to go for long term investment but I don't think buying bitcoin right now can be considered a bad strategy. You can see those investment firm buying bitcoin like buying ice cream and they won't let bitcoin price go down for sure considering how many money invested.
For now, it's hard for bitcoin to go down like it was in 2017 so I could consider there's no best time than the present, though ofcourse if we can find opportunity to buy dips why not?  Grin

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January 17, 2021, 11:12:36 AM
 #47

Again, it's not a matter of right or wrong to buy expensive bitcoins, but about your investment style. if you are a day trader then it is not a problem as long as you can maintain your daily profit, but if you are a long-term holder, then it will be a little less profitable, because the essence of long-term investing is to buy dips and sell at a certain level of profit.
Buying dip is definitely the way to go for long term investment but I don't think buying bitcoin right now can be considered a bad strategy. You can see those investment firm buying bitcoin like buying ice cream and they won't let bitcoin price go down for sure considering how many money invested.
For now, it's hard for bitcoin to go down like it was in 2017 so I could consider there's no best time than the present, though ofcourse if we can find opportunity to buy dips why not?  Grin
Indeed. The current status we are now today is not like what happened in the year 2017 because whales and institutes are currently holding their bitcoins. So there is nothing with buying bitcoin today, especially if bitcoin is now down in $34,000 price, so traders and long-term investors might be able to gain profit with its current price.

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January 17, 2021, 12:47:01 PM
 #48

100 people will give you 100 different answers...some people sold top and wait some bottom to buy, some people hold since ever, and they don't have plans to sell now...some are getting in for longer, some just for fun... Therefore, any advice here is just a description of what we do, or what kind of plans we have, but there're no guarantees that anyone from us is right! Time will show who was right and who wasn't, but until that time it will be late for any actions! We need to do something today!
I am always for everything! Why not to have something on holding? Why not to invest something? And why not to have fun with something? What is important is to have sources of income, work on that before everything, it's good to put some coins on a side for long, but you can put some coins to work (many ways for passive income around).
And in the end crypto wouldn't be where it is if all people just hold! Crypto is good for having fun with it and it's universal, we all need some fun in our lives!

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January 17, 2021, 01:02:58 PM
 #49

Buying dip is definitely the way to go for long term investment but I don't think buying bitcoin right now can be considered a bad strategy. You can see those investment firm buying bitcoin like buying ice cream and they won't let bitcoin price go down for sure considering how many money invested.
For now, it's hard for bitcoin to go down like it was in 2017 so I could consider there's no best time than the present, though ofcourse if we can find opportunity to buy dips why not?  Grin
It is true, as long as we can find opportunities in any market scale, it is okay to buy them. But if you see, a lot of big institutions buy bitcoin before the price is above the $30k range, they do have a big influence on the overall price movement of bitcoin, but I'm also sure they will choose the best time to buy bitcoin.

https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/valuable-sec-data-on-20-institutional-bitcoin-investors-could-soon-disappear/?sh=1d7e0e4a1de2
https://bitcointalk.org/index.php?topic=5268108.0
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January 17, 2021, 04:01:47 PM
 #50

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?
Yes I will buy since I would like to trade it while the market is so fast moving and no I can't afford to hold it since I cannot actually take the risk to hold for so long since I don't know what the future brings and we are at the peak yet so its dangerous to buy at ATH and hold it for quite long time. So better wait if there's a big dump coming since that is the time or shall we say best time to buy and hold our bought bitcoins.
That's the logic behind the increasing price of bitcoin at even high levels as well. People realized long time ago that bitcoin could go down, but it will always go up, which means either you buy right now and make a profit very quickly, or you buy now but make profit a bit later, even if it takes 3 years to get back to this price you could simply just keep buying at lower levels and drop your averages and make a profit. That is why I assume that people do not really care about what is going to happen with their investment in the short term since the long term is always profitable.

Hence right now we do not see a fall ironically because people buy thinking short term is not important and long term is the real deal and since the short term was not cared it became a bull as well. That is how everyone is approaching bitcoin as of right now and even alts as we can see.

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January 17, 2021, 09:44:26 PM
 #51

All plans or strategies can be made easily and market analysis can be predicted. When the price of BTC is at its highest, buying it is certainly very risky, but we have to look at the analysis of where the market is going at that time. Most importantly, don't buy at the highest price. Buy when the price starts to fall and go to the strongest support, then sell at the resistance.

Emotional problems will also affect when trading, if you are emotionally unstable and you start to panic, the strategy that was built will be destroyed.
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January 17, 2021, 10:33:10 PM
 #52

I think buying is not a bad thing.

We all know how the price behaved in the last few weeks but I think doesn't mean the price is having a great increase means that you can't buy. If you made an investment at the right timing, you could still make a good profit but obviously, that would be less than those that invested earlier when the price is still low. If I had the funds, obviously, I will still buy or reinvest.
Well, that is a big question, If I have a fund I will invest in bitcoin, this is the amount that can I afford to lose, not just my entire savings that need monthly allowance allocation and you have a point, there is no perfect time when you were going to buy bitcoin. For now, most people are preferred not to use their bitcoin, they just save it and never spend hoping to gain p[profit in just a short period of time. If you have money, just keep accumulating bitcoin though the price is unpredictable where is it going.









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January 17, 2021, 11:14:23 PM
 #53

We could say it that the price of bitcoin is currently quite high. But this price is low for bitcoin which is being corrected. If you’re still hesitant to buy it at the moment, you can wait for it to the lowest price at $30k. But there’s no harm in buying it right now, you only have to hold it longer if bitcoin goes down deeper. And as we already know, it will recover and its value reaches more than its current value. Bitcoin will continue to make new prices in the future.

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January 18, 2021, 09:40:23 AM
 #54

We could say it that the price of bitcoin is currently quite high. But this price is low for bitcoin which is being corrected. If you’re still hesitant to buy it at the moment, you can wait for it to the lowest price at $30k. But there’s no harm in buying it right now, you only have to hold it longer if bitcoin goes down deeper. And as we already know, it will recover and its value reaches more than its current value. Bitcoin will continue to make new prices in the future.
The correction Bitcoin market had can be used to predict the next market trend but that doesn't mean the prediction will be 100% accurate, although it is not bad to invest in Bitcoin cause the market is calm now but the market is still not healthy for all cryptocurrency investors because some investor is impatient and can't hold for long or wait till next bullish market.

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January 18, 2021, 03:21:10 PM
 #55

We could say it that the price of bitcoin is currently quite high. But this price is low for bitcoin which is being corrected. If you’re still hesitant to buy it at the moment, you can wait for it to the lowest price at $30k. But there’s no harm in buying it right now, you only have to hold it longer if bitcoin goes down deeper. And as we already know, it will recover and its value reaches more than its current value. Bitcoin will continue to make new prices in the future.

hope of course it can go down, but when will there be a decline below the price of $ 30K, it seems difficult to be realized. now there correction at the beginning of the year, but it is not too worrying about it, I still think it is quite stable in the current price range. if you are sure that there will be no reason to buy, but the problem is that the current price is very high, obviously you need large capital, only large traders and companies are able to do so.

The correction Bitcoin market had can be used to predict the next market trend but that doesn't mean the prediction will be 100% accurate, although it is not bad to invest in Bitcoin cause the market is calm now but the market is still not healthy for all cryptocurrency investors because some investor is impatient and can't hold for long or wait till next bullish market.
your opinion is the same as my estimation that after the correction at the beginning of the year but nothing worries happened. then bitcoin is now in a fairly stable position and is very good at taking whatever action we are going to take.
an increase will certainly occur but let altcoins first be able to reach the ATH so that there will be enthusiasm for the bounties because altcoins can bring benefits to the bounties.

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January 18, 2021, 04:31:38 PM
 #56

The correction Bitcoin market had can be used to predict the next market trend but that doesn't mean the prediction will be 100% accurate, although it is not bad to invest in Bitcoin cause the market is calm now but the market is still not healthy for all cryptocurrency investors because some investor is impatient and can't hold for long or wait till next bullish market.
your opinion is the same as my estimation that after the correction at the beginning of the year but nothing worries happened. then bitcoin is now in a fairly stable position and is very good at taking whatever action we are going to take.
an increase will certainly occur but let altcoins first be able to reach the ATH so that there will be enthusiasm for the bounties because altcoins can bring benefits to the bounties.
Our estimation about the Bitcoin market is the same but about view about altcoin market is totally not the same because nothing guarantee every altcoin will gain new ATH price (outperforms the 2017 market ATH) cause what we're seeing is just a flash switch in the market which shouldn't have to happen now but it happens because of the major investors that focus only on BTC.
As said, the best thing to do is to take whatever we want cause the next market is still unclear but this current market will profit day traders.

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January 18, 2021, 05:43:15 PM
 #57

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.


To begin with welcome back, there are many people that leave the market to never return and it is nice to have someone that can recognize the value of bitcoin and wants to get back in the market, now about your question I will not deny that this is a difficult moment to buy, you're coming way too late to the party and it is indeed possible that if you invest now there is going to be a downturn in the price of bitcoin.

So what to do? You only option is that if you are going to buy bitcoin right now is to accept the fact that you may have to wait some time before you see any kind of profits and that you are going to need to hold your coins for the long term, if you cannot do that then it is probably a bad idea to invest in bitcoin.
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January 18, 2021, 06:01:41 PM
 #58

Despite the fact that the price has already risen significantly, I assume that this is not the end. I am ready to buy bitcoin at current prices for the long term, I see no problem with that. Will I be able to hold? Yes, if the purpose of my purchase is exactly hold, and not an attempt to trade something. Bitcoin is expensive, but everything is relative. If it costs 100k in 3 years, we will regret not buying it now.

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January 18, 2021, 06:06:01 PM
 #59

Despite the fact that the price has already risen significantly, I assume that this is not the end. I am ready to buy bitcoin at current prices for the long term, I see no problem with that. Will I be able to hold? Yes, if the purpose of my purchase is exactly hold, and not an attempt to trade something. Bitcoin is expensive, but everything is relative. If it costs 100k in 3 years, we will regret not buying it now.
This will be mattering if someone could able to handle out the risk.Even we are seeing positive impressions or views at the moment towards the price but doesn't mean that

it will really be continuously to head up further more and presuming that the price will be going on what we are anticipated but since you do talk about long term holds then

current prices wont really be a problem to you since you do aim not to sell no matter what.It is really indeed expensive but we know that we can buy on fraction which is a good thing.

When you do like to risk up then its up to you but if not then just simply skip.

R


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January 18, 2021, 06:44:48 PM
 #60

I heard with bad news with bitcoin price on 20th January still true or not maybe have many people panic for ready to sell or hold bitcoin, looking now bitcoin price was down and little worry for any investor keep holding or selling bitcoin before going dump. I am still waiting trade with altcoin during bitcoin still down and look afraid for entry with altcoin because have risk to lower price. Maybe is not real but have made many people and investor very worried how to keep save bitcoin or altcoin assets and sell all it before really dump.

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