Buying at 35k?

[bhadz]

but is 35k te expensive to buy bitcoin?

First, congratulations if you've bought the price that's under the current one. $35k is expensive if compared to the current price is quite higher. But soon, when the bull run really comes to the market, you'll see how it's still cheap right now. We can't prove yet how cheap it is because we're not yet on the higher price but we'll be there in a matter of time. And also depends on your capacity right now, if you can avail to buy at that price then that's good. As per looking at the price now, we're seeing Bitcoin playing from $33k-$34k and if it stabilizes there, you can decide whether you want to buy now or wait for its correction.

[Crypto Library]

Hallo people,
I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

In my personal opinion 35k price of Bitcoin for investing or buying is not expensive. Because if you saw the all time high price of Bitcoin it was about 2x of 35k.
Now get back to the main point. Looking at your bitcoin buying strategy, it seems to me that you want to invest in bitcoin for the long term. And if it is then I think investing at 35k wouldn't be a bad idea even though the price of Bitcoin has dropped below 35k now. However, many analysts believe that 36k+ may show resistance ahead. However, in the end I don't think the bullrun started as Bitcoin pumped a bit. So I think if you wait some more time you can get better dip.

[jeha2015]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

What you need to know, investing in bitcoin depends on the goals or targets you want to achieve. If your target is long-term profit, of course buying bitcoin at whatever price it is now is not too expensive, because bitcoin's ATH a few years ago was at $69k.

What you have done is actually correct if you want to invest in bitcoin in the long term, you have actually carried out the dca strategy indirectly because you have bought bitcoin in stages starting from the price of 26/27/30 and now 31k. Take a look at the price of bitcoin recently, are you doubtful about bitcoin? Bitcoin prices will continue to increase, you just need to be patient and wait for the halving moment, which will be there soon.

[tabas]

If it is part of your DCA strategy, buying at $35k is like part of the normal process. Although we're done from that point, still what if the price kept on rising and never went down again? Although that's an impossible thing that every pump we see, it won't be down again. That's also another process that's normally happening that no matter what price it is that you see, you'll just DCA. But if you're buying bulk and one time at the same time, that expensiveness at that rate will be felt a lot. That's why if you're just DCAing and you're just buying in some amounts like a few or couple of bucks, you won't feel the difference that much. And long termer on this market that sees the future or has a vision for the future price, $35k or even $40k won't be much compared to the next peak that we might see.

[knowngunman]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

You're in the best position to answer this yourself because it depends on how much you believe in bitcoin and it potential. one of the things to be aware of is that the crypto market is highly volatile and the price of Bitcoin can fluctuate quite a bit. I believe you are already aware that there's a risk of losing money if the price drops. But at the same time, there's also a chance of making even more profits if the price goes up. So the decision to buy Bitcoin at any given price is really up to you and your own risk tolerance.

If you believe in the long term potential of bitcoin, you can still buy now. Although, it's impossible to say for sure whether 35k is too expensive to buy Bitcoin since the price of Bitcoin is constantly changing but tracing back the history, we have a long way to go and you can make use of this opportunity. Just risk what you can afford to lose.

[Renampun]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

you use the DCA method and it is very popular at the moment for bitcoin investors. btw just make bitcoin ATH your benchmark in buying bitcoin gradually, because if you look at bitcoin's ATH, the current price of bitcoin is still far below it. there are other things that have the potential to make the price of bitcoin even higher, that is the halving moment, so don't hesitate to buy bitcoin when the price is at $35k.

[kawetsriyanto]

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

You're talking about profits, have you sold your Bitcoin?  
Sure, when you bought them below the current price, you get the profits if you sell now.
But if your target is for selling at the bullrun season, you must hold them and not too early talking about the profits now.

Regarding your plan buying at $35k, I think it is like panic buying. You must understand that when Bitcoin can reach a new high price, it must drop again. The previous price was about $29k, so it is possible that the price drop again around $30k-$31k after it reached $35k today. If I were you, I prefer to see & wait first. I will decide to buy again after a few day, look at how the potential of the price to drop again.

DWYOR

[tvplus006]

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

Since you have previously purchased some Bitcoins, I would advise you to refrain from making new purchases at this price level. You should not spend all the available money to buy coins and you should always have a part of the stablecoins in your wallet that you can spend on buying when the price drops significantly.

[Winterfrost]

Hallo people,

Hi

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

You are trying to accumulate Bitcoin as fast as possible but you should not be in a rush. No time is the best and no time is worst time to buy Bitcoin it all depends on the strategy you are using to accumulate. All the price you bought the previous one you are  now seeing an upward trend so mathematically you on profit. If buying more Bitcoin now at 35k would go against your strategy of accumulation then i will suggest you should not buy more unless its otherwise. For instance if your Dcaing buying Bitcoin now does not affects as long as it involves gradually accumulating a certain amount periodically. Investing in Bitcoin should be done with money you do not afford to loose unless your buying large like lump sum when ever the price go down to the desire amount you can afford. 35k is not expensive to buy as long as you can afford it, if it is an amount you know you can afford to loose then you can buy or DCA gradually and buy .

[_BlackStar]

-snip-

Since you have previously purchased some Bitcoins, I would advise you to refrain from making new purchases at this price level. You should not spend all the available money to buy coins and you should always have a part of the stablecoins in your wallet that you can spend on buying when the price drops significantly.

Yes - that's DCA ^{[Dollar Cost Averaging].} OP can apply the DCA strategy when investing - but if he has plans to be a long-term investor, then a lump sum is fine too. After all $35K is the highest price of the year which just happened yesterday. I'm not sure buying and investing in those areas is a bad thing, especially since bitcoin seems to be getting more demand ahead of the halving. Of course DCA can help him get a better average price - but OP will have to fit that into his plan.

[Onyeeze]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

What have you the courage to buy around 30k and 31k. I think you are only afraid now because bitcoin pump to a recent high but don't worry, if $34k becomes a strong support, we can see an upside move before the end of the month because there is a monthly candle that bitcoin must close and if indeed ETF motion is still positive, it will stay above that price. So you have nothing to fear if you are holding but if you are short term trader take your profit and re-examine the market again.

You can also buy at this 34k and use a trailing stop loss or just use stop loss. It will help you minimize the lost, that's why you are a trader, you should use it for proper risk management.

The way am even seeing bitcoin I think that the price of bitcoin will soon rise because we are already approaching next year 2024, any bitcoin you buy now I don't think that you will lose because predictions people is emphasising that the price of bitcoin will go high immediately we enters 2024, but that is not I believe, I do believe the investors who invest in bitcoin more than the people who think that its mandatory and compulsory that bitcoin price will definitely fall or being questioning why did he or she purchase such amount of bitcoin,its better as op purchase the coin because nobody knows tomorrow if bitcoin price will increase more than what we expected

[Mr.right85]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

Even while the price was at $26k, $27k, $30k and $31k at which you bought from respectively were all a high price to some. A bet you there are those who couldn’t buy for this exact reason of a high price and still haven’t bought up till now. You’ve succeeded to set a DCA plan in motion, even without you noticing it, you could as well continue the buying and not be too concerned of what price it is.
What should be your concern at the moment is what plans you’ve got for your investment.

Your earlier buys are all in profit with the current price boom but, it doesn’t mean there are assurances it would stay that way. Bitcoin prices do fluctuate but your plans ensures you only get to sell if you must, while your in profit.

[komisariatku]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

I think it depends on your goals. If you want to hold short term then you need to be careful because usually after the price rises quite sharply there will be a slight price correction. However, if you intend to hold bitcoin for the long term then the current price still seems quite cheap

Predicting the price of bitcoin is not easy, and therein lies the risk in bitcoin trading. If you have a good monthly income then I suggest you hold bitcoin for a longer time because it will be better

[cheezcarls]

We may not know what would happen to the price movement after buying it at $35k. No price range would guarantee you anything.

If I were in your shoes though, I would wait for the market to calm down and successfully maintained it's current support level before deciding to buy at this price.

I am currently at a profit because I've bought them somewhere around $19k to $31k range respectively last year with my extra "not beer" money because of being a long-term thinker by doing DCA (dollar-cost averaging).

If you are that kind of thinker who doesn't really care about the price but more on the long-term result, then this may possibly answer your own question. Just my two sats.

[HelliumZ]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

Because if you invested 31k bitcoins then you should have profit on current position. Don't invest now, wait until this October when Bitcoin will drop again and invest. and make decisions for long-term stockpiling. Keep in mind that Bitcoin will most likely not drop below thirty thousand again, but will rise to $40,000 by the end of this year.

[AakZaki]

It's best to wait for the price to correct before you buy it again.
$35k is the price where people are starting to sell, but you are still buying.
You really have to manage how and at what price you buy, DCA is fine but you have to know when is the right time to buy and when to get out. Buying when FOMO is too hasty, even though you can still get a cheaper price.
I know your target price is still high, but buying at a lower price is better.

[freedomgo]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

$26k, which was the lower price you bought, was already pretty expensive because at the start of this year, Bitcoin dipped to $16k. That should be the benchmark for deciding if it's a good deal or not. So, if you're still buying at $35k, it doesn't seem that bad, especially when you consider that Bitcoin reached $60k as its all-time high. Just think about its future potential; take a step back and look at the bigger picture. I'm pretty sure you won't sell it right away once you start seeing some profit, right? The current all-time high is only at $60k; in the next bull run, I'm confident it'll surpass that, maybe even hit $100k easily.

[Belarge]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

Bagging more pieces of bitcoin at the present status of the market seems like a solid strategy but there's awareness about the high volatility of the market. If I happen to be in your shoes, I would probably sell off the available bitcoins in my portfolio, then withdraw the profits. Next action is for me to scalp another good entry on bitcoin chart, thoroughly implementing technical analysis, I personally wait for the market to come to me, illustrating hitting my entries and bagged another pieces, this process can be carried out over and over again repeatedly. Though going for long term projects, bitcoin ought to be among because fee years back, it dumped from ATH to ATL and there's strong probabilities of bitcoin retesting back to form a new ATH.

[lovesmayfamilis]

Now you are afraid of the price, which has become a little higher, but imagine that it does not fall to the price that would convince you. You will definitely regret missing out on buying now. So make a choice, and don't blame yourself for the decision you make. In the end, each of us is going to hold at least until the halving, and there is still plenty of time to buy. Make it a habit of not checking the price regularly, and then your decisions will automatically be made to buy at any price.

[cryptoaddictchie]

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

You can if you think that bitcoin would be worth more in the future. Right now its RSI is quite high and this might suggest a pull back but of course this level suggest too a healthy run for bitcoin so it might start to rise in the coming days and if you add some news on the bitcoin etf approval and related news, it really fuels some hype and bullish sentiment for everyone while also waiting for the bitcoin halving which served as an indicator of bull run like last time.