Bottom?

[adaseb]

Saylor actually first bought Bitcoin at $9000 or $10000 or so and he bought it in size. So just because his recent purchases were all losers doesn’t mean all his buys are bad.

I don’t get why he would keep buying higher and higher and mess up his average price. If he just waited for pullbacks instead of buying at the top, he would of had a much better average. He has a high average of $30K now and his lowest buys are at like $10K.

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[Mr. Magkaisa]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

For me, if I have the money to buy Bitcoin now I will do it at once then hold. I doesn't matter if the price value will continue to drop more if the future. Because for me it is simple, last year bitcoin spike at 69k$ almost and look at it now its below 20k$ that means you are already in earnings once Bitcoin price resume to its original value in the near future.

[Webetcoins]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

These purchases may have an impact on small traders, but they cannot affect the market in any way. And the purchase of MicroStrategy 480 BTC, can not change the average cost of the position, which is now a little more than 30 thousand dollars. These purchases indicate that Michael Saylor is optimistic about the current bear market and believes that the value of bitcoin has reached the bottom, at which the investor needs to make purchases.

They buy more bitcoin's at this current price range only to think that this was the bottom but what about the price lower than this one? Last time, we have been at 19k,18k,17k, and lastly I think was 16k dollars. Aren't those value's the real bottom of bitcoin? But, I think they didn't buy anything during that time since I don't see a news that comes out in regards to it other than this one here.

Oh well, 20k is still a nice price anyway even if it's not the best and they can still make a huge return as long as they will hodl their btc hard enough which is obviously they will be doing since they are big investors and somehow a pioneer on this field.

[Zilon]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

Don't get trapped by the Bulls. El Salvador and Micheal Saylor are just applying DCA and nothing much. The Bottom is no where near yet. We should likely expect a longer bear candle any time soon. Their purchase will only have effect on short term trades and investments. Have this in mind both parties bought with large sum and could close up with a little increase in price. Small capital investors are meant to have good price timing the bottom could be far from here

[Cryptoababe]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

For now, I don't think bitcoin have bottom no matter who buys. Because even these guys have bought almost the top. But let's hope its buttom 

[Ararbermas]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

they did that things many times to be honest, where in since the market fluctuate from the ATH about negative 30 percent.. But guess what! There's no improvement. Lol  so how can you tell that the buttom is near, because of that reason? You must be kidding  

[South Park]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

This is one of the most superficial analyses that I have ever seen, just because a person or a group has bought bitcoin we cannot declare that the price is going to keep going down, there are some technical and external factors that do indeed point out to the possibility for the price to keep going down, but this is not really one of those factors, I will suggest that you try to learn more about trading and investing in general otherwise massive losses are without a doubt possible for someone trading with such a superficial knowledge.

[Nrcewker]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

How someone buying bitcoins in a bulk is a indicator for you lmao?
They are just using their big brains and trying to take advantage of the situation.
They know the true potential of Bitcoins, for that reason they bought the Bitcoins in stead of panicking.
We have already seen what are Bitcoins capable of when it rose to 69k usd, leaving everyone in shock.
So this time also many experts and knowledgeable persons are buying as many Bitcoins as they can in this bear market.
Now only waiting when the price will rise high.

[virasisog]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

I think that isn't a reason enough for Bitcoin to reach its bottom. There are lots of aspects that could affect the price of Bitcoin and people purchasing it is not an indication that its price could drop down a lot. Many investors are taking the opportunity to buy Bitcoin so we should expect even big personalities to purchase more of it.

[Husires]

There is a difference between the purchases of these people and the amount of what they consider serious risks.
a billionaire can invest about $ 5 million, but it is considered side money for him and he wanted to diversify investments by buying Bitcoin, which is different from a technical analysis institution that buys with that amount, which may represent 5% of the total net wealth

What I'm trying to say is that the buying and selling of others does not affect your investment decisions, put a dynamic strategy that can be implemented and stick to it.

[Desscount]

I am 100% sure and I agree that the Bottom is at a price of $17k to $19k,
because it has been proven that the current Bitcoin price is also increasing,
there is a possibility this month Bitcoin can reach $30k again, so don't miss this bullish.

[rhomelmabini]

Now that Michael Saylor and El Salvador have purchased BTC at $19,000, we can be certain that the bottom is nowhere near

So when they bought it when it's not this price we can call that a bottom? Of course not, they're just the celebrity speculators and Bitcoin maximalist, and they don't have any crystal ball to tell it's the bottom or the top. This is the reason sometimes people weep over their investments.

[Issa56]

Because ichael Saylor and El Salvador purchased bitcoin those not mean thats the bottom for bitcoin, we might still go lower, so dont be happy yet that we wont go more dipper. Bitcoin might still dump more but all i can say is that we are going to bounce back hard, but i dont know when that will be but i know it will be soon, so the best thing you can do now is to accumulate more bitcoin if you are having more extra funds that you wont be using for now and if you have bought bitcoin before just hold and lets wait for the next bull run.

[TheUltraElite]

So when they bought it when it's not this price we can call that a bottom? Of course not, they're just the celebrity speculators and Bitcoin maximalist, and they don't have any crystal ball to tell it's the bottom or the top. This is the reason sometimes people weep over their investments.

As a trader, one should not listen to what people have to say to influence their decisions specially if they are celebs and have a big influence on the common people who are dumb enough to follow them like they are some supernatural being.

If bitcoin does go up after getting this news traders should sell and book the profit. Of it does not go up just wait it out.

Nobody can predict but only speculate th future. Don't put your money into other people's words.

[blockman]

You depict what you think is the bottom. These whales are buying and it seems that they have an unstoppable purchase because they are heavily funded.
I remember the time when the LFG has been buying bitcoin weekly but we don't see it coming that they're about to fall. But that's completely different from the two examples given by OP. I've just mentioned it because I remember them became trending because of their purchases too.

[sklopan]

Honestly, I would like to hope that this is already the bottom, and then only growth. But, I wouldn't be so sure about that just yet.

[0verseer]

Need a week or more to stabilize and if it was able to climb back to $20k range and stay hover at there all the time, not dropping any lower back to $19k. If that is a thing, I say we are bottoming out. Not bull season yet but the price will be better and improve the overall market outlook, at least I can welcome that.

[The Cryptovator]

Let's say Elon bought Bitcoin at the $30K price point, does it means that was the bottom. The bottom doesn't create by investors, the bottom creates by the seller lol. If you wait for the bottom then your life would end and you can't accumulate for the bottom. It's because we don't know where will be bottom exactly. Otherwise, everyone will wait for that. You should have a bottom target to accumulate. Then you have to proceed accordingly. Don't see who is buying or selling.

[Mahanton]

Need a week or more to stabilize and if it was able to climb back to $20k range and stay hover at there all the time, not dropping any lower back to $19k. If that is a thing, I say we are bottoming out. Not bull season yet but the price will be better and improve the overall market outlook, at least I can welcome that.

We are already on 20k price point but the hardest decision you would really make is neither consider on making  that 19k price as a bottom whether it would really be the last drive down into its price before we do take off.We know that this is something that we cant really able to determine on whats the bottom as always which the hardest part is on when the price starts on moving sideways which it would really be raising up questions whether it would really be having that next pumping move or would plummet the price even more which could possibly hit those 8-12k mark on where the community had been always speculating?
No one really knows thats why whenever you do make yourself in position then it would really be depending on someones analysis and risk taking on entering the market into its current price level.

[GeorgeJohn]

Honestly, I would like to hope that this is already the bottom, and then only growth. But, I wouldn't be so sure about that just yet.

this is the bottom of bitcoin this season, but from some people speculation it's quiet understandable that bitcoin is not going to fall to the people prediction, because they are expecting Bitcoin to reach or fall below nineteen thousand, i don't think it will reach like that, because i believe everyone is just making analysis of their choice because of the critical condition of cryptocurrency now.