What is your take on the price?

[JamesBorn]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

[samcrypto]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

If trap on top, you can't do anything about it but to wait for the next bull run not unless you can afford to sell at a big loss.
This is a reminder that you should always have your cut loss price and don't be greedy. Timing the market is very important.

The current price is still cheap, buy if you still have the money but again you have to timing the trend so you will not be trap again.
New ATH are still possible though, just be more patient and try to look for other opportunities in this market while you are still waiting for the bull.

[LittleBitFunny]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

It is very important that you have enough knowledge before investing, otherwise you will end up paying a huge price for your decision. Bitcoin is a long-term investment, so don't worry too much about its price in the short term, and make sure you're investing with cold money. When investing in bitcoin, please pay attention to how much bitcoin you can hold, don't care too much about its USD value. You should stop checking the price every day and learn about bitcoin instead, when you know all about bitcoin, you will know what to do next. Remember that 1BTC = 1BTC, so if you do not sell, you do not lose anything.

[Merit.s]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

Bitcoin is a volatile assets that is why you should understand and have the proper knowledge of it. Don't get upset that the price has gone below the amount you bought, that is why it is wise for you to invest in a long term investment, so that the dump or pump in price wouldn't be a problem. Relax and wait till next year after bitcoin halving, so that you can recover from your loss when bitcoin price hits ATH before selling some part of it. I hope you didn't use the money for something important to invest. Stop checking the price and remove your mind from your loss instead see this as an opportunity for you to accumulate more bitcoin for yourself. Nobody can tell if the price will shoot higher than what you bought tomorrow. Don't panic as this is a norm to all bitcoin investors that understands the price movement. Bitcoin is not a quick profit investment, there is always a time for you to make profit from your investment.

[pooya87]

Well price isn't "high" now. It is barely above the previous ATH, about 30% above whereas in every previous cycle price were at least 900% above that previous ATH (ie at $200k).

As for my take on the current price and the market, I still think the demand is increasing every day specially as the banking system fail and the inflation grows since people are losing their faith in the corrupt monetary system and want something that can act as a hedge against inflation.
But the problem is that at the same time we have recession in most countries that are mainly defined in the Western Bloc and in recession people liquidate their assets and are not capable of making more investments.

The combination of these two forces is creating this weird market where price shows all kinds of rising signals and yet it only goes up a little.

[puloweh555]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

When we have bought bitcoin at a high price, make it a bitter experience and of course very disappointing. However, it is important to remember that investing always involves risk, and losses can occur even with the best investment decisions.

I think there are a few things you need to do when you're in a situation like that. Don't let emotions rule your mind. When you experience loss, you may feel upset, angry, or hopeless. However, it is important not to let emotions take over and to think rationally and objectively. Learn from your mistakes because Every failure can be a valuable lesson. Try to evaluate why your investment is not working and what you can learn for the future.

Most importantly Don't panic, Sometimes when the price of bitcoin drops or you experience a loss, you may be tempted to sell assets quickly. However, it is important to remain calm and evaluate the situation wisely before making a decision because bitcoin is a valuable asset for the future so there is no need to be afraid when the price drops.

[Davian144]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

It's hard to give an opinion on price when all you're looking for is Bitcoin. Because as you can see and also what everyone is seeing at this time that Bitcoin is still facing a correction in the market even though it will always be used properly by traders who believe they will get profits in the following days.

But for some holders who are waiting for the best price at a higher level, of course there is saturation too, although they can still be patient waiting for that to happen. And you only need to be patient to return what has been lost or what has been reduced at this time and you don't need to distance yourself from the internet or Bitcoin because you still have hope of getting your capital back through price recovery the next day.

[salad daging]

Opinion on bitcoin price? That's Fluctuation

You are planning to make a long-term investment and if you keep watching the market every time it will affect you why do it every day, it's better to just save it and not pay attention to the market situation even I also buy above the current price never worry because I know this is not for short term, but you better calm down, you don't have to check it almost every day.

If you keep looking at the price, it will make your mentality weak and you might even have a weak hand because you can't wait to sell to see the price continue to fall.

[Jody.Drummer]

This is a risk that must be taken, especially when you say you are buying at a high price, then indeed the thing that is certain now is to wait because this is the most important thing unless you really want to be like the others by selling and regretting it in the end and that is wrong one thing is not worth it.
I think it's important that someone is aware of the risks and learn early about the fluctuations in bitcoin is like this because we won't even know what will happen. As for those who are currently trapped, one of the hardest things is to strengthen ourselves not to sell the assets we have and of course increase the load if indeed we have extra money.

[Yaunfitda]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

For me, it is still a good price to buy, we are still in bear market, so consider it cheap. Of course the best time to buy is last year when we go down to $15,500 and that is the lowest low that we have in this bear market.

However, we can't go back to that price anymore, just like when we did see $3k'ish during March 2020 when we heard news about the whole pandemic. So you really have to think at the price right now, could be good entry point still and then wait till the next bull run 2024-2025. As per my experience, you should go with long term investment here.

[Wiwo]

First, you must learn to build a thick skin to withstand Bitcoin market volatilities no matter the price you bought your Bitcoin but it is advisable to buy bitcoin when the price is low because getting in at a high price may extend your waiting time.

-because if the price you bought bitcoin is low it means when the price increase you stand the chance to gain returned on investment almost immediately.

-but if you but at a high price, your waiting period will be double if the price slide below your entry price since you must have to wait for the price to recover back to your entry price and also wait to see the price move above your entry price.

-without time calculation and management, bitcoin investment could become a breeding ground for depressions.

[justdimin]

This is a risk that must be taken, especially when you say you are buying at a high price, then indeed the thing that is certain now is to wait because this is the most important thing unless you really want to be like the others by selling and regretting it in the end and that is wrong one thing is not worth it.
I think it's important that someone is aware of the risks and learn early about the fluctuations in bitcoin is like this because we won't even know what will happen. As for those who are currently trapped, one of the hardest things is to strengthen ourselves not to sell the assets we have and of course increase the load if indeed we have extra money.

I think the learning period would be easier if they start off with buying bitcoin and holding it. Sure you can keep learning more about it later on but it is better not to be late and just buy bitcoin and hold it. That way you would be sure that you are doing the right thing while learning what the right thing is later on.

Maybe they wouldn't know why buying bitcoin and holding it for many years is the right thing to do when they do it, but then they will have time to learn about it later on as well. If they start trading right away, that would be the hard part and I think that would be a trouble for most people and should be able to learn eventually but start with a big loss overtime.

[rhomelmabini]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

Just forget you invest on something and never forget to do not sell it at a lower price that will just make you lose more. It's not good to check the price every single hour, that's not healthy at all. Find other things to get busy with. Wait until 2024 or 2025 because the sentiment for the next bull market was that year.

[AakZaki]

do you not have any strategy or have any spare cash so you just keep monitoring. Buying at high prices is a mistake you can make if you don't want to hold on long term. But if your goal is long term, it won't be a problem, you can still buy it again at a cheaper price. Don't just be price oriented, you also have to believe that Bitcoin is the best investment for the long term. you will still profit if the price returns to bullish and reaches a new ATH.

[GeorgeJohn]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

Actually the price of Bitcoin at this point is appreciative and whosoever that purchased bitcoin earlier this year 2023 or last year December is of better profit of small fraction,  bitcoin is been appreciating starting from this year, so nobody can predict the future of bitcoin  perfectly,  so their is every tendency that bitcoin that happened to be colourful changed from it correct price now to higher, and its applicable that the price can reduce anytime and any hours.

[JoyMarsha]

In terms of the price of bitcoin, I think we should be less concerned about it. The price of bitcoin won't increase dramatically just by looking at it. Even if it does, am not ready to sell it now when it hasn't reached her previous ATH. That's my own decision.

The fact that bitcoin will ultimately outperform the market, regardless of how bleak the market may appear to be, gives me the confidence to invest in it. When you opt to sell below the price you invested, you just lose your bitcoin investment. Apart from that, you will finish up on the profitable side.

[Scripture]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

You are probably using the wrong strategy, better to analyze it again and know if its the right time to buy or not. The market is very unpredictable so you have to do your best to analyze, and don’t just make any guess trade. The price can be your basis, but don’t rely on that alone. If you bought during the peak, just keep on holding and be more patient, as the market will recover soon.

[harapan]

As for my take on the current price and the market, I still think the demand is increasing every day specially as the banking system fail and the inflation grows since people are losing their faith in the corrupt monetary system and want something that can act as a hedge against inflation.
But the problem is that at the same time we have recession in most countries that are mainly defined in the Western Bloc and in recession people liquidate their assets and are not capable of making more investments.

The combination of these two forces is creating this weird market where price shows all kinds of rising signals and yet it only goes up a little.

I agree, the failure of banks in recent weeks have really contributed to the demand of bitcoin. People now want something that they will be in control of. Its so sad that a lot of these people would leave all those coins in centralized exchanges.
The various targeted attack on the industry is also a reason that is hindering the growth of bitcoin at a relatable stable rate.
Yesterday they price of bitcoin dropped by about 1k dollars after the news that the CTFC was suing Binance broke.

[tabas]

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

If checking the price is just making you stressful, yes it's better to avoid looking at it and leave your bitcoin at peace and just come back at it again when you think it's the right time to check it. The price of it right now is good and no worries that even the chances of being low again and under $20k is there, that won't matter to me anymore. We're up and some corrections have happened and much likely that we've seen the bottom already.

[Fundamentals Of]

If you bought Bitcoin at a high price and it plunged, don't bother to check on the price every once in a while. That is not healthy because you might get emotional. And if you're a newbie you might even feel a tinge of panic or fear or an urge to sell because it could fall down much lower. So you are right that you should just stop checking on Bitcoin's price. But I'm surprised that after saying this you proceeded to ask about the price. Don't worry much about the price. It will hit 6 figures within the year or two. Just hodl.