Who’s itching to buy?

[Crypto Library]

What do you think about the current bear run,

One thing to always remember is that the deeper the night, the closer the dawn is. Seeing that the market will bull-run coming to bearish. The market is going to bearish because  The market will get a bull-run soon

will it turn around? What price for bitcoin do you track?

This is not that much easy to say, But if Bitcoin gets good support now then I think the market will rise again.

Will we get on the big green planes?

Of course, we will get on the big green planes after the bearish situation of the market. And it is expected to be after 2022 and 2023

[Clever5Flower]

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Is it now worth continuing to trade on decentralized exchanges with little liquidity, such as wowswap?

[so98nn]

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.

[Mahanton]

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.

Cant really be avoided not for you to panic out specially if you had bought earlier on higher price and now the price is really dropping that hard.No one had expected that for it to happen.
Im already that too rush on buying on this price point but one thing holds me back is that i do really look for the lowest price as possible on which bitcoin could able to reach out.
But it isnt really that a bad idea on securing out yourself with this current price which is already considered low but well you know people loves to hit the lowest level as possible
as they could be.

[iv4n]

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.

I agree, this is a nice opportunity to grab some coins under the price, and I agree with OP, I am itching to start buying... but to be honest I didn't start buying yet, I think this is just the beginning! This time I will be patient, unlike in previous years!
I agree with you about one more thing, it's crazy, but I believe it will get crazier! It's always like that, people think this drop is final, but there's another one around the corner! And that's happening now! I think that the price will have a downtrend in the next 2 years! Like always we can expect some short bullish periods, for day traders to have some fun, but definitely, I don't expect anything special before the next halving!

[Fivestar4everMVP]

Honestly, I think bitcoin will continue to go down, and as it continues to print more red candles, alot of alts will continue their down trend too, but then, I am not 100 percent sure about this, so what I advice those buying to do is, don't go all in, buy a small amount and monitor the market closely, reserve enough funds to buy more as it continues to dip, no body knows how long this bear market will last or how dip it will go, so this is exactly what am doing, buying little amount at every dip, making sure I have funds reserved incase it goes deeper, this will help average my buying cost and increase my profit when the market finally recovers.

[Anders_Bitcoin]

Oh, I do. I am itching so much right now. I am on the verge of leaving all of my information regarding the crypto world that I acquired for many years and just go all in with everything I ever have and buy bitcoin. I know it is silly, I have been here long enough to know that I should be staying at cash a bit, and also not put all of my possessions into just one thing.

I could literally see myself selling my car and getting a lot of bitcoins right now, I am at that stage right now, because it is literally free in my mind. I know that in the next 1-2 years it will break ATH and make me 2x money, and nothing would get expensive like that, not in 2 years or under. Which means that I could get rich if I buy now, but I am holding myself from doing it in case if things do not go as planned.

This is the kind of decision you need to go over and over again as you will be selling some of your possessions in exchange of a volatile asset. Sure, if you have other means of living or you can very well survive even going all in with btc. The price is really tempting right now, even at 31-32k is a very good price range to get in. Because if we will think of it, what if btc will increase in the next few months to like 40k, you're already in very good profits. But of course, most won't sell it at 40k, they will wait for more.

Is it worth buying now? because every day we see the whole market decrease by a few percent

[Anders_Bitcoin]

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.

Wowswap exchange? Honestly, this is my first time hearing about this exchange. I also cannot find this exchange on CMC, is this platform safe and legit?
Btw, doing DCA to buy Bitcoin during this market condition may be wise enough. At least we are not all in one time because we still don't know where the Bitcoin price will go, maybe it will be decreasing again or increase. That is why I think that buying some by some, step by step of BItcoin is a good choice.

I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Diversifying funds to buy also some altcoins is also one of the wise strategies. But to be remembered,buying altcoins may be very risky than buying Bitcoin. That is why it is better to buy altcoins with lower risks and higher chances to rise up in the future after thebear run.

Yeah, the coin of this exchange is on cmc - WOW.

I'm hoping for a long-term investment, that there will be a moment when bitcoin and the whole market will also grow by several thousand percent and I will be able to recoup all my investments

[Anders_Bitcoin]

No doubt a whole lot of people would want to jump into this red sea, these bloody candle sticks because the dip looks like a good entry point already. Mind you it isn't done yet especially alt coins so I don't think it's safe to buy unless you're loaded and want put something you can afford to lose.Going long now is not a good idea at the moment unless you're after a long term investment.

No one knows what values are a good entry point. It just looks reasonable now since the correction is already about 70-80% of the ATH. I'm just wondering how much more we can fall, it shouldn't be 99%

[Anders_Bitcoin]

I dedicate some of my stablecoins to buying every time bitcoin falls to the values I have indicated. Nevertheless, even when bitcoin went up, I continued to accumulate it

That's great because you keep buying every time the bitcoin price falls and if you keep doing that, then you will have a large amount of bitcoins. But it would be nice if you only buy bitcoins when they fall so that when the bitcoin price falls again, you don't have to buy it again but wait for a while. So your purchase is actually a bitcoin purchase at the lowest price. But if that is your strategy then go ahead but be careful buying bitcoins because we don't know what will happen next.

You think bitcoin and the crypto market in general can cease to exist?

[NeuroticFish]

You think bitcoin and the crypto market in general can cease to exist?

You're asking the wrong question. Even Earth itself will cease to exist after a while...


And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)

[ethereumhunter]

You think bitcoin and the crypto market in general can cease to exist?

Nothing is eternal. Everything that exists today can be destroyed and replaced by something new and needed by mankind. We don't know if bitcoin and the crypto market will still exist after 50 or 100 years because the technology used by bitcoin and coins will develop again from now on. So while there is still an opportunity to follow current trends, we must use it for our own good while keeping abreast of other technological developments so that we can also take advantage of what is available to us.

[Reid]

Itching won't stop but the wallet is empty.  This buy point makes you want to sell other cryptocurrencies in exchange for 1 that is dump so hard like Bitcoin or any top altcoin in the market. I even had a thought of selling my gold for it but my other half won't let me.
I guess I should just stop looking at the market now and wait for the pump to come back. I already bought at $30k and I don't think that's a bad position for a purchase. Just be patient whether I made a good decision or not.

[Anders_Bitcoin]

What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?

Price did reach 29k and my buy order at a slightly higher of 30k got executed, I do consider this range to be a safe spot for now since we have support at 29k. I am expecting both a drop and rise from the currently running 31k level though. Since you are a newbie and probably dont have much bitcoin at hand, but fiat, I would suggest buying at less than 30k levels like 25k and 20k in case a huge drop happens. Otherwise play it slow, we are not completely sure about the reason behind this drop.

But it is good that you are attempting to capitalize during a panic sell. Keep this attitude up and you will make a great trader.

Pro tip - keep a trading journal and try to maintain an excel sheet or trades execute with dates and fees.

Will the current investment funds be replaced in a few years by other funds that will launch a new bull market? I don't fully understand what is contributing to this sharp decline

[Anders_Bitcoin]

What do you think about the current bear run,

One thing to always remember is that the deeper the night, the closer the dawn is. Seeing that the market will bull-run coming to bearish. The market is going to bearish because  The market will get a bull-run soon

will it turn around? What price for bitcoin do you track?

This is not that much easy to say, But if Bitcoin gets good support now then I think the market will rise again.

Will we get on the big green planes?

Of course, we will get on the big green planes after the bearish situation of the market. And it is expected to be after 2022 and 2023

Maybe it will happen after the halving in 2024? Then now would be the time to accumulate volumes to make a big bag of money in the next bull market.

[offtop] I would be very grateful if you could explain how you do multiple responses in one post

[Anders_Bitcoin]

Hi guys. I'm newbie here. Wanted to hear your opinions.

These red candles got me wanting to itch my itch. I know about DCA. I think little more of a drop and we reverse. Just trying to not get too eager. I'm trying to catch this bitcoin bounce by setting two additional limit orders to open a long position on wowswap exchange.
 
What do you think about the current bear run, will it turn around? What price for bitcoin do you track? Will we get on the big green planes?
 
I'm thinking of buying a few more alts from the top 100. With everything being down in the last month they seem to be safer plays.

Is it now worth continuing to trade on decentralized exchanges with little liquidity, such as wowswap?

It is worth because traders trade on centralized exchanges, but some of them begin to transfer their assets to the wallets to continue to work already on decentralized exchanges due to the panic in the market

[Anders_Bitcoin]

Well with the current bearish trend everyone can grab an opportunity to buy any coin they want. However, for me bitcoin remains the king and in fact I am planning on buying it with such huge discounted rate. I mean definitely this crazy down at this point and peeps might be worried about it however they should not be, it’s just freaky situation but with more advantage than disadvantages. For sure, those who are selling gonna regret it and those whose buying will end up with coolest profit charts ever.

That's definitely the best speech I've had in days. I hope it works out for you and me

[Twentyonepaylots]

And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)

Yeah, seems like May is something bad for the whole crypto, but then we're all into the fact that the market shall move in 2 directions as it having a balance. It's my first time seeing a coin diving like crazy, probably a dead one coz it is -99% down for the last 7 days. I don't feel like buying now is a good decision, still need to wait for some confirmation that the bloodbath is done.

[TheUltraElite]

Will the current investment funds be replaced in a few years by other funds that will launch a new bull market? I don't fully understand what is contributing to this sharp decline

When I was trading for the first times back in 2015, I used to dwell on such questions and never got the answer to them, while not making the trade that I should have. I learnt a lesson that you should treat the market prices as numbers, nothing more. If it is going down below your last buy price, buy again at a targeted lower price and set a sell order at higher price once that is executed.

Think too much on reasons behind movements and you will be in a dilemma to trade. In the long term bitcoin will go up, so every opportunity to buy, seize it. Do check S/R levels though before deciding to buy.

[offtop] I would be very grateful if you could explain how you do multiple responses in one post

In the page where you type replies, there is a "Topic summary" below the reply field. You can scroll down and click the "Insert quote" button on the top right corner next to the older posts to quote that in the reply field right next to your current cursor position.

[milewilda]

And I'll get back to DCA: it looks like 10th of May was a sort of trap and today was another pretty good opportunity to buy. If you DCA you still have funds for this kind of opportunities. (But I really don't know whether it'll go up and continue to go lower from here...)

Yeah, seems like May is something bad for the whole crypto, but then we're all into the fact that the market shall move in 2 directions as it having a balance. It's my first time seeing a coin diving like crazy, probably a dead one coz it is -99% down for the last 7 days. I don't feel like buying now is a good decision, still need to wait for some confirmation that the bloodbath is done.

We are all just making out those kind of days whenever we do experience bearish movement or events something like this and no matter which month then we would really be calling it.
How about in August? This had been known to be a ghost month which they are attaching it out to any markets out there whether crypto or to those traditional markets.
For now in the month of May it was never been a good one considering on how deep we've able to drop and this would really be mattering on demand and price movement
is totally in random no matter what.