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Author Topic: Who’s itching to buy?  (Read 907 times)
Webetcoins
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May 14, 2022, 04:07:18 PM
 #81

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
It is worth buying to some but for you it looks like you are not ready yet. You can wait for more drops or wait for a couple more days until you finally decided to buy. That should give you contentment.

@el kaka22 that sounds stupid in my own opinion. You learned a lot in your many years of staying in crypto but you will leave it only for this one thing? But if you are truly a well experienced person on this field, you will likely know if this is going to be the last bear that we are going to witness for this month or year. Going all in is also a crazy idea. Are you inspired by the bitcoin family that also sold all (all in) only for bitcoin?

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May 14, 2022, 04:45:59 PM
 #82

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.


It would be a good time to buy but you have to be skeptical. Every bearish market situation is an opportunity to buy but you have to research the coins that you're planning to pick. Know the potential of your coin of choice and be emotionally prepared for the possibilities. If I were you, I would suggest that you'll buy coins with a good foundation.
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May 14, 2022, 05:08:12 PM
 #83

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.

See many people have been comparing this to history of how around halfway mark before the next halving market creates sort of bearish aura and remains bearish for sometime for accumulation until it bursts for the next bull run after next halving, what I think is that if some information has become such news and can be this easily calculated and speculated that thing might not happen. So in this ambiguity best solution is only DCA you buy at every low and keep it holding until it bursts next time, talking about red candles it's really a good time to buy here anyways because RSI would obviously correct itself for sometime in coming days and you can then use that time to sell off and make around 10-12% profits.
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May 14, 2022, 06:20:20 PM
 #84

Nobody will tell you they know where the bottom is and at what point the market direction will change. For those itching to buy now, make sure you are doing that with money that is not in urgent need. You can be lucky that price will change upward direction and you can be unlucky too it goes down more. Alot of traders are buying and thinking price will start going up but it continues to go down. No, Luna's case was not caused by a bear market. It is a technical issue and Luna's shift to depeg to BTC pair.
That is the most important part of the current situation. You shouldn't really put in money that you can't live without, there are too many people who do it, and they are not doing so well at the moment. There has been about 4 suicides related to Luna in my nation and that is just from what I know in my nation from the news.

This is why I always say that you shouldn't put money in that you can't loss, if you are worried about it then do not put it in there. I have none in Luna but crypto fell as a whole and I have all of my investments in crypto and I didn't really feared about anything because I know that it will recover eventually anyway.

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May 15, 2022, 04:35:47 PM
 #85

Please be wise and also careful during this market condition. we still don't know if the market will continue dropping or not

I did not expect us to exercise doubt at any form due to the fall in cryptocurrency price as long as bitcoin is what you made your investment on, this is not downgrade of bitcoin but rather a volatility moves that gives the opportunity to make buy and sell to the market, at least bitcoin drop in price isn't that worse as going down below $20k or even below, if the market in bitcoin fall, it surely rises.

don't buy panic and feels itching to buy. It is risky because the market may continue dropping.
Like what happened to Luna.

Bitcoin isn't altcoins that fails the test of time, their regidity and resistance to rise back whenever there's a dip in price is nothing to write on because then is when their real identity of shitcoins got bursted out just as in the example of the altcoin you mentioned, but bitcoin price does not drops on a continuous stretch.



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May 15, 2022, 06:44:24 PM
 #86

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.
Talking about the top top cryptos, remembering me at the time BTC, Doge, BNB & ADA, a safe and good value Altcoin in investing and trading.

Of course, with the current situation, maybe some Altcoins in the next 1-2 years will have good value, but that's why no crypto knows which type of crypto has the highest value going forward, maybe buy some kind of crypto top 10, i think its a good choice maybe i have to agree with that kind of idea, considering that something can happen to crypto unexpectedly.

What is certain is that trading & investing has high risks, but if you are ready to face it all, it never hurts to do.

R


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May 15, 2022, 08:36:49 PM
 #87

Nobody will tell you they know where the bottom is and at what point the market direction will change. For those itching to buy now, make sure you are doing that with money that is not in urgent need. You can be lucky that price will change upward direction and you can be unlucky too it goes down more. Alot of traders are buying and thinking price will start going up but it continues to go down. No, Luna's case was not caused by a bear market. It is a technical issue and Luna's shift to depeg to BTC pair.
That is the most important part of the current situation. You shouldn't really put in money that you can't live without, there are too many people who do it, and they are not doing so well at the moment. There has been about 4 suicides related to Luna in my nation and that is just from what I know in my nation from the news.

This is why I always say that you shouldn't put money in that you can't loss, if you are worried about it then do not put it in there. I have none in Luna but crypto fell as a whole and I have all of my investments in crypto and I didn't really feared about anything because I know that it will recover eventually anyway.
It wasnt 4 but 8

8 Confirmed Suicide Due to the $Luna Crash. Why Luna Crashed? Truth & Reason Explained
Source: https://www.geeksultd.com/2022/05/8-confirmed-suicide-due-to-the-luna-crash-why-luna-crashed/

This is why its always been a bad idea when you do go all in.No matter how good looking it is, always be mindful about
your risk management thing on making yourself at least safe.
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May 16, 2022, 11:10:28 AM
 #88

Bitcoin might be safer to buy because who knows it might fall further but the resistance around bitcoin price might not permit a complete crash but for altcoin it's risky out there. Most projects in the alt coin cycle might not recover from this crypto dump to be on the safer side hold on to project with economic value
I have heard a very good remark that all valuable projects were created during the bear market cycle
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May 16, 2022, 11:19:29 AM
Last edit: May 16, 2022, 11:33:53 AM by Anders_Bitcoin
 #89

Buying right now is a great idea since it bottomed out so much. However, you should be careful about buying all-in right now, it could still go down more, so you should be careful. Buy with 30% or so of your cash right now, and put some orders at 25k, and some orders at 28-29k as well, so if it goes up then you buy some more so you do not miss out, and if it goes down then you buy some more and you do not lose too much.

If you do it this way, then it means that you are ready for anything that could happen in the future, I personally believe that it would be a difficult thing to do but it is not an impossible thing to do neither, just need to be careful picking where and how much.
I think this is just the time to allocate some assets for the purchase of bitcoin and some alts. It is difficult to navigate the market now, because during this bullish cycle, many projects were created that convinced the crypto community of their potential. I adhere to the analysis based on personal experience and therefore buy coins of the projects I use such biswap, wowswap, pancakeswap


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.

This is the actual time to buy altcoin because all prices are down now, so buying at this point can yield more profit, this because of the trust people have in bitcoin, as you can see all Altcoins price depends on BTC price, so this is the right time to get your portfolio filled with Altcoins that have a high potential to rise again and are not a dead project.
Not all alts will be with us in 2 years
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May 16, 2022, 11:46:09 AM
 #90

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.

See many people have been comparing this to history of how around halfway mark before the next halving market creates sort of bearish aura and remains bearish for sometime for accumulation until it bursts for the next bull run after next halving, what I think is that if some information has become such news and can be this easily calculated and speculated that thing might not happen. So in this ambiguity best solution is only DCA you buy at every low and keep it holding until it bursts next time, talking about red candles it's really a good time to buy here anyways because RSI would obviously correct itself for sometime in coming days and you can then use that time to sell off and make around 10-12% profits.
Do you think the market is capable of a rebound of only 10-12% before the next bearish decline?
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May 16, 2022, 12:10:54 PM
 #91

Nobody will tell you they know where the bottom is and at what point the market direction will change. For those itching to buy now, make sure you are doing that with money that is not in urgent need. You can be lucky that price will change upward direction and you can be unlucky too it goes down more. Alot of traders are buying and thinking price will start going up but it continues to go down. No, Luna's case was not caused by a bear market. It is a technical issue and Luna's shift to depeg to BTC pair.
That is the most important part of the current situation. You shouldn't really put in money that you can't live without, there are too many people who do it, and they are not doing so well at the moment. There has been about 4 suicides related to Luna in my nation and that is just from what I know in my nation from the news.

This is why I always say that you shouldn't put money in that you can't loss, if you are worried about it then do not put it in there. I have none in Luna but crypto fell as a whole and I have all of my investments in crypto and I didn't really feared about anything because I know that it will recover eventually anyway.
It's just another bearish cycle for asset accumulation. It's sad that this happened to LUNA, each of us could have been in the place of her investors
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May 16, 2022, 01:47:50 PM
 #92

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.


Oh yeah, we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.

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May 16, 2022, 02:43:57 PM
 #93

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.


Oh yeah, we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.
Yes, you're right, I don't use untested trading and staking platforms. Bitcoin is in a downward phase and any bounces are just an excuse to put hamsters with pink glasses in the closet
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May 16, 2022, 05:25:09 PM
 #94

I have a little non-primary rule that I always try to follow. I use it often for work. If I decide something, I try to implement it. This is definitely the right choice.
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May 16, 2022, 06:08:09 PM
 #95

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.
Restraining ourselves a little bit is not the worst idea, after all the volatility that we have witnessed in the market has been very high during the last days, and since it seems the price is not going to make a quick recovery then you could just take your time and make sure that the move that you are planning on making is in fact the correct one.

But even if you bought bitcoin right now and then the price went down even further I do not see the problem with something like this, as anyone that is willing to buy bitcoin right now should be aware that they will need to hold their coins for some years before they get the profits they are looking for.

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May 16, 2022, 07:16:48 PM
 #96

we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.
Be careful though, lol. There are so many projects and people who are itching to scam you as well during hits period. We all know that the prices will recover for almost all the major ones, and even some of the small ones.

It means that there will be some people who are willing to spend a good amount of money buying right now, just so they could profit later on, when things go better, and since we all believe that it will get better, we want to do it with a big margin. This will cause a ton of bad people to create projects, business', companies, tokens, coins all kinds of things to get you hyped about the return to 40k+ levels, and scam you out of your money.
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May 16, 2022, 08:12:34 PM
 #97

we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.
Be careful though, lol. There are so many projects and people who are itching to scam you as well during hits period. We all know that the prices will recover for almost all the major ones, and even some of the small ones.

It means that there will be some people who are willing to spend a good amount of money buying right now, just so they could profit later on, when things go better, and since we all believe that it will get better, we want to do it with a big margin. This will cause a ton of bad people to create projects, business', companies, tokens, coins all kinds of things to get you hyped about the return to 40k+ levels, and scam you out of your money.
When doing some shopping in a red market then there are people who are really fan of acquiring coins which are in low caps or not really that popular since they could possibly able to earn more in terms of profits

but although with the risk that they could really encounter.Some saying it was a foolish action but there are people who do really love to play with these things in times of reds.

Buy according to your own preference and risk taking because not all would really be that having the same mindset.

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May 17, 2022, 09:12:00 AM
 #98

Market will rebound back, it is just a matter of time. Like I have seen for the last few years it is a cycle and we are in the bearish phase of the cycle. It is important to sustain through the bear phase and buy the asset at lower than average prices so you can sell during the bullish phase.

Questioning why it happens or what to do if it never goes back up will waste your time and is irrelevant. Whenever a bear cycle starts such sentiments are common and need to be avoided.

There needs to be a balance of what to do during bear and bull phases so it never feels like you are not able to do anything while the market moves. That gives a sort of mental cushioning. Additionally one can move to fiat based markets if they have experience in the same for the time being.

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May 17, 2022, 03:06:26 PM
 #99

To me it seems that we are seeing a general downwards trend in crypto currencies and other asset classes. Inflation is rising and the economic outlooks are not that great for most countries. We just got out of the covid mess and now things are looking bad again. Usually these are good times to buy, when the majority of investors is looking for a way out there are opportunities to profit. Buying a variety of the top alt coins is a good idea. When prices will recover alt coins are expected to outperform other assets, but they also have more risks. If you don't need the money right now than go for it. Personally I want to add some more BTC and ETH to my portfolio. Hopefully I am getting mostly cash for my birthday next month, than I can put all that into cryptos.
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May 18, 2022, 01:44:23 PM
 #100

we all get that itch of buying more when the prices are at such discounts.
But I have never heard of the exchane wowswap. I hope you have done your research well before you take a long position on it.
I recommend storing your coins on a non-custodial wallet rather than an exchange if you are going long.
I personally think BTC will revolve around this range and we might see a bounce back once positive sentiment hits the market.
Be careful though, lol. There are so many projects and people who are itching to scam you as well during hits period. We all know that the prices will recover for almost all the major ones, and even some of the small ones.

It means that there will be some people who are willing to spend a good amount of money buying right now, just so they could profit later on, when things go better, and since we all believe that it will get better, we want to do it with a big margin. This will cause a ton of bad people to create projects, business', companies, tokens, coins all kinds of things to get you hyped about the return to 40k+ levels, and scam you out of your money.
When doing some shopping in a red market then there are people who are really fan of acquiring coins which are in low caps or not really that popular since they could possibly able to earn more in terms of profits

but although with the risk that they could really encounter.Some saying it was a foolish action but there are people who do really love to play with these things in times of reds.

Buy according to your own preference and risk taking because not all would really be that having the same mindset.

When it comes to picking coins for investments, I become very choosy and often invest in large cap coins only.
Currently my bag consists of BTC,ETH and SOL which are all large cap coins. I am thinking to buy some other large caps coins too.
So I am kind of on the safer side when talking about scam projects or shitcoin investments.

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