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Author Topic: why we should Buy some Bitcoins  (Read 16110 times)
savetheFORUM
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November 12, 2022, 03:51:08 PM
 #181

We should wait until the price becomes stable again. There are some panic sellers who have lost their money. Buyers may benefit from this situation though.
We should completely avoid buying or selling at this current situation. Market is really unbalanced and there are a lot of fluctuations we can witness. All these are made by the big sharks in order to get profits. But sad to know that there are some panic sellers who falling in this trap and selling their coins. Nevertheless they are setting example for others. Bitcoins are for long term investment only, so think again before selling. Only sell these precious Bitcoins when you need money in real emergencies.
If you are a trader then there is no need for you to stop but a high fluctuations are in fact your strengths. This should make your trades more easier and more profitable but for a long term investor, the only thing that they can do right now is to buy more coins because the price of the coins are dropping badly again.

I don't think the recent dip in the price is caused by the manipulators such as sharks or whales but I can believe more on what the majority is saying right now that is caused by the crypto exchanges. There will always be panic sellers because there will always be new people that will enter on this market but old crypto users already learned their lesson.
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November 12, 2022, 07:07:36 PM
 #182

~snip~
Bitcoin is currently trading at $ 34,493 and the bear market is coming to an end. Also, another good thing that will definitely affect the price of bitcoin is halving. ~snip~
This is why I don't like prediction/speculation stuff. Everyone yelling out "the bear market is about to end, buy now!".

I imagine if a lot of short term traders followed the OP's advice when this thread was created, I'm sure they would be crying now because what happened was beyond their expectations, unless they were still holding it in their wallet. Now the price of BTC to USD is $16,796.
So please always do your own research with lots of references.

I bet a smart trader already shorted it and rebuy on the lower price  Grin.  And probably some of those who have funds already DCA their way as the Bitcoin price plummets.  Smarter people think of ways how to compensate for or recover their losses, they don't just cry on the corner and blame the speculators and predictors.


Why should we buy Bitcoin? Price is one reason, but not the only one.

There are mega ways of reason but the one that is motivating is the profit behind the price changes. Grin

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ChiNgadOr
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November 12, 2022, 11:42:41 PM
 #183

Bitcoin is currently trading at a good price and now is a good opportunity to enter the world of Bitcoin. If you've not bought bitcoins yet, this might be your best opportunity this year.
Bitcoin is currently trading at $ 34,493 and the bear market is coming to an end. Also, another good thing that will definitely affect the price of bitcoin is halving.
Big investors! One of the main reasons why the price of Bitcoin does not fall much is the presence of large investors. These investors do not allow the Bitcoin price sink lower.

How fast do you think we are escaping the bear market, the recent FTX shit will keep the market down for some weeks until an upward move. But buying low has always been the best option for those long time investors. Big Investors also buy now, they know how to make good use of it a little bit push in the price of the market or Bitcoin, withdrawal of the profit and the initial money used to invest will be pulled out. It's a good chance for you, those who have taken actions buying are steps away from become richer than they are in Bitcoin innthe next Bull
Even though the FTX is going to make the crypto market bear for sometime, it Is still an opportunity for us to keep buying and sending the coin to our wallet not exchange because from this that had happened to FTX, people are now becoming wise to never put their coins on exchanges even to the best and reliable exchanges.
Bitcoin is still the most reliable crypto we have now that people are now becoming scared on what coin to buy especially for the altcoins that are good for investing now can become worse tomorrow.

┌∩┐(◕_◕) ┌∩┐ Not your keys, not your coins. Binance (and any other CEX) can fuck off ┌∩┐(◕_◕) ┌∩┐
nullama
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November 13, 2022, 09:28:05 AM
 #184

Bitcoin is currently trading at a good price and now is a good opportunity to enter the world of Bitcoin. If you've not bought bitcoins yet, this might be your best opportunity this year.
Bitcoin is currently trading at $ 34,493 and the bear market is coming to an end. Also, another good thing that will definitely affect the price of bitcoin is halving.
Big investors! One of the main reasons why the price of Bitcoin does not fall much is the presence of large investors. These investors do not allow the Bitcoin price sink lower.
This was written in May 2022. In November 2022 the price of bitcoin is $16,520.4, less than half of what was being traded at that time.

This is a reminder that it's impossible to know the short term fluctuations of bitcoin price.

The fundamentals of Bitcoin haven't changed. That's what's important.

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Antonas1
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November 13, 2022, 11:11:42 AM
 #185

~snip~
I bet a smart trader already shorted it and rebuy on the lower price  Grin.  And probably some of those who have funds already DCA their way as the Bitcoin price plummets.  Smarter people think of ways how to compensate for or recover their losses, they don't just cry on the corner and blame the speculators and predictors.
Agreed, but what will happen to traders who are waiting for high prices to match with their big expectations when they hear the bull run? There are some of them thinking to buy at $34,493 and hope the price goes to $45K in 2 or 3 months. But damn, that didn't happen until it was time for them to pay the bills and stuff. Sad to say, but not all traders are smart. So when creating a thread about price we should think about how it affects others and take responsibility. At least write something like DYOR/DWYOR.

There are mega ways of reason but the one that is motivating is the profit behind the price changes. Grin
No doubt.
MoonOfLife
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November 13, 2022, 11:40:32 AM
 #186

Bitcoin is currently trading at a good price and now is a good opportunity to enter the world of Bitcoin. If you've not bought bitcoins yet, this might be your best opportunity this year.
Bitcoin is currently trading at $ 34,493 and the bear market is coming to an end. Also, another good thing that will definitely affect the price of bitcoin is halving.
Big investors! One of the main reasons why the price of Bitcoin does not fall much is the presence of large investors. These investors do not allow the Bitcoin price sink lower.
This was written in May 2022. In November 2022 the price of bitcoin is $16,520.4, less than half of what was being traded at that time.

This is a reminder that it's impossible to know the short term fluctuations of bitcoin price.

The fundamentals of Bitcoin haven't changed. That's what's important.

No one knows in advance whether bitcoin will rise or fall, maybe OP bought bitcoin for 34k, but bitcoin didn't have to drop from 34k to 16k in a single circuit, and there were some rallies and most likely after reanalysis OP sold them. In case he doesn't sell, it's not a serious incident, as long as he hasn't sold, no loss, 1BTC = 1BTC.
Jatiluhung
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November 13, 2022, 12:08:47 PM
 #187

the continued decline in bitcoin prices is strongly influenced by various factors such as economic crises and wars. Deciding when to buy and sell is up to everyone. The OP here wrote when the price was still around $34k. And at that time no one really knew if the Bitcoin price would come to a deeper decline like it is today ($16k). but actually at that time it seems that many analysts predicted that the decline in bitcoin could continue. some even say the drop could reach $11k-$12k. but I hope that doesn't happen. even though seeing the current conditions where there are more and more fud. exacerbated by the fud issue of a bankrupt exchange (ftx). adding to the fear of investors to enter. but I personally see this as long term we can buy from any point we want. either it's the current point or waiting for a deeper decline. as long as we know and are aware of the risks we take and there is no coercion from others. and keep doing the analysis by yourself.

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xSkylarx
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November 13, 2022, 12:15:39 PM
 #188

We should really consider buying BTC as a long-term investment plan. If you think about it 10 years ago, if I started buying it, my villa is now close to the sea.

Long-term holdings in bitcoin are really profitable, and that has been proven year after year. The bear market is like a sale in the mall, and we can buy it for a cheap price. No matter how big or small you buy, at least you hold a portion of it. Imagine that 1 bitcoin 10 years ago was just a small portion, but now its price is very high. A small portion will grow over time.
nullama
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November 14, 2022, 12:12:29 AM
 #189

~snip~
Long-term holdings in bitcoin are really profitable, and that has been proven year after year. The bear market is like a sale in the mall, and we can buy it for a cheap price. No matter how big or small you buy, at least you hold a portion of it. Imagine that 1 bitcoin 10 years ago was just a small portion, but now its price is very high. A small portion will grow over time.
In reality no one knows what's going to happen in 10 years from now.

Although, given that the fundamentals of Bitcoin haven't changed in more than a decade, and there's no sign of them changing in the future, it might be reasonable to think that.

Looking at countries like El Salvador and Central African Republic making Bitcoin legal tender means that Bitcoin is not going anywhere. It's here to stay.

More and more people will eventually see the value of Bitcoin and it will be worth more and more over the long term.

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Gallar
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November 14, 2022, 02:46:39 AM
 #190

Bitcoin is currently trading at a good price and now is a good opportunity to enter the world of Bitcoin. If you've not bought bitcoins yet, this might be your best opportunity this year.
Bitcoin is currently trading at $ 34,493 and the bear market is coming to an end. Also, another good thing that will definitely affect the price of bitcoin is halving.
Big investors! One of the main reasons why the price of Bitcoin does not fall much is the presence of large investors. These investors do not allow the Bitcoin price sink lower.
indeed the current year is the right time to buy bitcoin, with a cycle that is experiencing a decline, so it is a potential thing to invest.

maybe it's true that big investors played a big role in holding down the price of bitcoin, but don't forget about small investors too, because bitcoin has grown as it is now not only because of big investors, but with everyone who invests in bitcoin, want it
$1 or half a dollar.

because in crypto/bitcoin everyone who participates matters.

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November 14, 2022, 03:10:42 AM
 #191

Bitcoin is for people to create money, it is a financial asset with considerable intrinsic value and has strong economic backing.
During a bear market is definitely a good opportunity to buy some bitcoins, it is indeed profitable to hold bitcoins for the long term and it allows you to slowly build up your savings.
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November 14, 2022, 07:12:37 AM
 #192

Buying Bitcoin is appropriate in the long run. People who are selling now are afraid that the price will get lower and lower and all the money will be lost.
Now in a bear market, even buying won't buy much. Whether it can persist until the price rises after the purchase, whether it can persist into the bull market, is a question. To buy bitcoin at a low price is to hold on to it. Don't sell bitcoins at will, don't trust any FUD.
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November 15, 2022, 12:23:17 AM
 #193

Bitcoin is for people to create money, it is a financial asset with considerable intrinsic value and has strong economic backing.
During a bear market is definitely a good opportunity to buy some bitcoins, it is indeed profitable to hold bitcoins for the long term and it allows you to slowly build up your savings.

Bitcoin is a store of wealth.

You cannot create money with Bitcoin, as you can with fiat for example. Well, not you or I, but the Central Banks and other similar institutions can quite literally create money whenever they want to. That cannot be done with Bitcoin, and it's one of the great features it has.

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Thuy Anh
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November 15, 2022, 02:08:05 AM
 #194

Bitcoin is a store of value. You take this dip to buy, don't get out, and don't sell your Bitcoin.
When the bull market comes, you will be thankful for your persistence now. If you want to stop loss and sell your bitcoins in time because the price keeps falling after you buy them, then you don’t need to buy them now.
Riodarvg
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November 15, 2022, 07:08:12 AM
 #195

Time has proven that it is indeed profitable to hold Bitcoin for a long time, knowing that Bitcoin is the most valuable asset, it is never too late to get into Bitcoin. Now that the crypto market is in a bear market time and the price of Bitcoin is falling, it is a good time to accumulate. When the market resumes bitcoin price gains, investors who buy at cheaper prices stand to profit. So now more and more people want to buy Bitcoin as a long-term asset.
nullama
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November 15, 2022, 11:00:55 PM
 #196

Time has proven that it is indeed profitable to hold Bitcoin for a long time, knowing that Bitcoin is the most valuable asset, it is never too late to get into Bitcoin. Now that the crypto market is in a bear market time and the price of Bitcoin is falling, it is a good time to accumulate. When the market resumes bitcoin price gains, investors who buy at cheaper prices stand to profit. So now more and more people want to buy Bitcoin as a long-term asset.

I think the most important thing is to understand bitcoin.

If you understand Bitcoin, and how it works, why it was created, etc, then the current price is almost irrelevant. You either think it's a good idea and therefore will invest in it at any price, or think it's not a good idea, so you probably won't invest in it.

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Valeriary
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November 16, 2022, 05:58:07 AM
 #197

Most investors will have a habit: frequently look at the price of the currency after buying. In this time period, it is not recommended to buy Bitcoin.
The reason why many people are afraid of a sharp price drop is that they are not prepared for both hands, and they start to panic when the price drops. That's why we are very afraid when the price falls.
If you have the ability to control your emotions and not be influenced by the price, buying Bitcoin now is an opportunity. You have to be patient and wait for the price of Bitcoin to rise after you buy it.
nullama
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November 17, 2022, 12:37:13 AM
 #198

Most investors will have a habit: frequently look at the price of the currency after buying. In this time period, it is not recommended to buy Bitcoin.
The reason why many people are afraid of a sharp price drop is that they are not prepared for both hands, and they start to panic when the price drops. That's why we are very afraid when the price falls.
If you have the ability to control your emotions and not be influenced by the price, buying Bitcoin now is an opportunity. You have to be patient and wait for the price of Bitcoin to rise after you buy it.

Probably the easiest way to accumulate bitcoin is to simply buy frequently, say every time you get paid for your goods or services you put aside a certain amount for bitcoin.

It's a bit like a savings account.

If you keep trading bitcoin for fiat you'll have to spend a lot on fees, taxes, and spend lots of time trying to guess the best time to buy and sell. Much better to use that time to create something of value instead.

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Trouvaille
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November 17, 2022, 03:35:13 AM
 #199


In reality no one knows what's going to happen in 10 years from now.

Although, given that the fundamentals of Bitcoin haven't changed in more than a decade, and there's no sign of them changing in the future, it might be reasonable to think that.

Looking at countries like El Salvador and Central African Republic making Bitcoin legal tender means that Bitcoin is not going anywhere. It's here to stay.

More and more people will eventually see the value of Bitcoin and it will be worth more and more over the long term.

Long-term Bitcoin holdings have proven profitable. Encryption investors know that buying on dips is the best investment strategy. Now that the price is falling, it is a good opportunity to buy and hold Bitcoin. The halving of Bitcoin will definitely have a positive impact on its price. Everyone knows that Bitcoin is the most valuable asset in the crypto world, invest in it and save profits for the future.
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November 17, 2022, 04:02:16 AM
 #200

Bitcoin is currently trading at a good price and now is a good opportunity to enter the world of Bitcoin. If you've not bought bitcoins yet, this might be your best opportunity this year.
Bitcoin is currently trading at $ 34,493 and the bear market is coming to an end. Also, another good thing that will definitely affect the price of bitcoin is halving.
Big investors! One of the main reasons why the price of Bitcoin does not fall much is the presence of large investors. These investors do not allow the Bitcoin price sink lower.
you have mentioned "Bear Market is Coming to an End" when the price is at 34k but look at it now? the price not even half of that mentioned price so when is the end of Bear market?
are we truly looking for Bull market now or will face more of Bear?
I understand your point but never tell people of something you are not sure because you are only misleading them to invest wrongly.

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