This sh*t ain't for the faint of heart! 😭

[9thsky]

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

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[mk4]

There's a reason why the dollar-cost averaging[1]  strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.

and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now.

[1] https://dcabtc.com/

[9thsky]

There's a reason why the dollar-cost averaging[1]  strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.

and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now.

[1] https://dcabtc.com/

True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at

[Lakai01]

-snip-
True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at

As a trader, you have it even easier in the current market sentiment, you can bet on both falling and rising prices. For long term hedgers, the only advantage of falling rates is that you get more BTC for your USD.

As a trader, I would not rely on the statements here in the forum, but I would set up a handful of indicators that you trust. Currently, for example, the Crypto Fear & Greed Index is extremely far down, which can be a sign that the price will soon turn up again:



https://alternative.me/crypto/fear-and-greed-index/

[Bitcoin_Arena]

Depends on what your trading strategy is.

Are you going in long term, short term or Just day trading.

For Long term you need a lot of patience. One can buy even right now but they best time would be a complete bear market dip or what they call the bottom and be ready to wait for 4 years plus just incase the bear market goes on for so long.

Short term, very risky right now, Price might drop further to even $20K

Day trading (spot market) - decision should have been made to buy in the afternoon when it touched $28K and maybe take profits right now.

[j24]

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Remember when bitcoin was at 9-10k and no one expected it to go higher, then the same expectation at 16, 19, 28, etc.

Be cautious about going all in on an asset that usually surpasses everyone's expectations in both directions.

[blockman]

If you just did then you're already ahead and in profit within less than 24 hours. $28k as you've posted and now it's already $32k, that's a real quick profit if you did all in. Since you're a short-term investor as you've said, you've probably had your pay day already without going in a single day. 
Now the question is if you're able to buy when it was $28k or $29k. Then if you did then you're already taken out your share and took the profits as it recovers.

[mk4]

True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at

Fun fact: even long-term holders are also in it for the profit. And even if you were a trader, going all in is definitely not a great idea. How are you going to make back the money if you lost that all-in trade? You're pretty much screwed. That's a lot more of like gambling, not trading.

[Vaculin]

Too bad to look at that many holders/investors had already sold their Bitcoin at loss.
We mostly think that it going down straight after breaking the $30k barrier for several months but the good thing is that we are rallying back. I almost hit the sell button if that to continue to dump, honestly.

It is to realize that we need not rush thinking for negative, it was better to keep calm. We don't let our emotion drives us as it leads to sad ends.

[arwin100]

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Not for now I'm waiting to see more deeper since if we act quicky without seeing some possibilities then we might buy at wrong position so better watch closely the market then see the direction of bitcoin goes as well read the chart to see the possible outcome of your trades.

Don't be greedy just wait more and earn by doing a right decision.

[maxreish]

Depends on what your trading strategy is.

Are you going in long term, short term or Just day trading.

Indeed, you cant just listen all advices here because you can always decide for yourself depends on which type of trade are you going to integrate or use. As it also alwaya depends on how your technical analysis showed your way.  But going all in your balance is sure risky if you arent that sure that your short or long entry position will further gonna hit smoothly or not.

[leea-1334]

There's a reason why the dollar-cost averaging[1]  strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.

and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now.

[1] https://dcabtc.com/

As a person formerly an emotional and impulsive buyer that took a few ICOs and regretted because I used BTC to get into them,,, I can attest to this 100%.

Once I started committing to dollar-cost averaging, it took me a while but now it is almost like paying bills or getting salary. It happens around the same time. I am tempted still to buy more or even sometimes alts, but if you hold out long enough then you see the gains of DCA and can truly appreciate the strategy.

While having a real life outside of trading:)

[Lakai01]

Once I started committing to dollar-cost averaging, it took me a while but now it is almost like paying bills or getting salary. It happens around the same time. I am tempted still to buy more or even sometimes alts, but if you hold out long enough then you see the gains of DCA and can truly appreciate the strategy.

I DCAed during the last bear market, there is unfortunately anything but fun when you see week after week that the capital invested is less and less
Phases like now between September 2020 and May 2021 are indeed fun as hell when you realize that you have not only massively pushed down the average price of your coins  through DCA but then can finally reap the fruits of years of saving.

[ethereumhunter]

Depends on what your trading strategy is.

Are you going in long term, short term or Just day trading.

Indeed, you cant just listen all advices here because you can always decide for yourself depends on which type of trade are you going to integrate or use. As it also alwaya depends on how your technical analysis showed your way.  But going all in your balance is sure risky if you arent that sure that your short or long entry position will further gonna hit smoothly or not.

Listen to all of the advice here will not be a problem because that can give you more information on the market analysis. Maybe you can separate each of the information and find more signals that will be useful for you. By having that info, you can know when to do long-term, short-term or even day trading because you can analyze to find the time to enter the market.

[Kelvinid]

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Not for now I'm waiting to see more deeper since if we act quicky without seeing some possibilities then we might buy at wrong position so better watch closely the market then see the direction of bitcoin goes as well read the chart to see the possible outcome of your trades.

Don't be greedy just wait more and earn by doing a right decision.

It all gonna be surprising, even having a good TA can't really be a big help.

The price of Bitcoin just reach $28k in the past few hours (it is likely people are selling their Bitcoin fast) but look, we are not at $32k. I believe we might miss the chance of buying at its dip (I'm in regret), we are moving back at high again. Well, we can still ride the market before it stops and back to drop again.

And I'll be thinking now if this will lead to another ATH or we just stop at $40k. Nothing is impossible, though.

[maydna]

Y'all going in now or what?!

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

I want to buy more BTC but first I need a new wallet. My plan is to take half of my June salary and invest it at the end of the month. Would be nice if the price could stick around $25-30k. It might be going down more in the next few weeks, but long term the trend is upwards. Going all in is a bit risky in my opinion, better to split the money into BTC and some alt coins to lower the risk profile.

I am not sure if the price will be around $25k-$30k, but it could happen if people are selling their bitcoin because of the other bad news that comes in social media. I suggest you not buy bitcoin at once with half of your salary but split it into many levels of the prices so you can get a lower average buy price. That will be good for you to sell it some amount once the price increase. Otherwise, you can hold it for a long term until the bull runs coming again. But be careful if you want to invest in altcoin as the altcoin always follows bitcoin movements. But diversifying your investment in the altcoin can be good for you as long as you can buy the altcoin at a low price, so you don't have to worry about seeing the price fluctuating.

[feelideb]

Firstly, the idea of go all in is not best for any competent trade. Market can remain emotional  longer  than you can remain solvent (John Keynes)  The opportunity to buy the best price will always be there regsrdless of what is going on in the market! Bitcoin below $30000 is attractive but I I will rather buy every instead of going all in at a time!

[xSkylarx]

No one knows how the market will move so we can't tell if the $28k dump recently was already the bottom. It is always better to not go all-in when buying these dips. Though you will still be in profit in few years but it is still better if you can accumulate at a lower price. We bounced hard from that previous dump but we can't confirm yet if the price won't go any lower than that. If a fud suddenly shows up, bitcoin's price could go down again quickly.

[CryptocurencyKing]

Now might be pretty much a very good time to buy, at least better than last week or the week before that but, that doesn't mean the weeks behind weren't better nor is this the nest time of all. You don't know what the weeks ahead holds, either its still going to fall below where it is now or we might see a rise in the price of bitcoin and alts as well.

What should be of your utmost concern isn't when you buy. Your concern should be on ways of making profit from where you buy, either by trading it, loaning it, providing liquidity pool by farming it or hodling it till it reads you some profit. Where you buy doesn't really matter! Bitcoin has got 24/7 a year round liquidity because people are actually buying and selling despite the price. You should too and have a plan to push you into profit.

[perfect999]

28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.

Every time is not a buying time for me, there are times I don’t buy at all. And when a bull is going down I just don’t jump at it and buy. Next is that I already have Bitcoin, and I also have a lot of other altcoins like ADA, ETH, and the rest of them even after I have sold some of them for profit. So, there is no need for me to rush and buy more coins when I still have some.

And I am not so sure whether the market has reached its lowest at the moment. I am not the type that is always buying all the time, sometimes I leave what I have and I only buy and sell when I feel it is right to do so.