Buying at 35k?

[lunder0592]

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?

[Rikafip]

is 35k te expensive to buy bitcoin?

It all depends on whether you plan to hold for longer period of time, and what are your expectations when it comes to bitcoin price.

Sinnce I believe that bitcoin price in the long run will be much higher than that, I do not think that 35K is too expensive. So far I've been buying bitcoin in the range from ~$2k up until ~$50k and will most likely keep buying once bitcoin goes over $100k. DCA ftw.

[Jawhead999]

Imagine you bought Bitcoin for $19K on 2017, you would say you bought it very expensive when you were on 2018-2020, but you on 2021 you would say you're not entirely wrong to bought at $19K that time.

Now it's same, you're think $35K is expensive since Bitcoin price in this year mostly stay around $20K-$30K, but you forget if the bull run isn't happen yet.

[Antotena]

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.

[Japinat]

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's your goal? If you're holding for the long term, then the current market hype doesn't matter much. What we're witnessing might just be a temporary market frenzy, and prices could go up or down. No one can guarantee where the price will go, but if you're holding for the long haul, you should be fine.

You bought at 31k, and if you look at it now, that's already an instant profit. But since you're thinking of buying more at a higher price, I assume you're in it for the long term. I'm pretty sure that when the bull run comes, you'll likely enjoy even more profit if you intend to sell. However, as I mentioned, make sure you have a clear goal in mind.

[Lucius]

For someone who buys large amounts of BTC, the price difference of $5000 or maybe $10 000 is really something that can have a decisive factor in the decision whether to buy or not - but I don't understand why it is such a problem for those who buy for several tens or hundreds of $ per week/month?

It is true that you pay a higher price for less BTC, but that problem stems from the fact that you are always waiting for some kind of sign, and how long have you been given the opportunity to invest below $30k, and even below $20k? Bear market periods are the best for accumulation, and the same thing has been repeated with some minor variations for at least ten years.

...but is 35k te expensive to buy bitcoin?

The same question was asked when the price of BTC was $1000 and $10 000, and your question is actually a good answer - let's put it this way, anything under $100 000 is cheap

[Broadanbig]

Buying at $35k is dependent on your investment plan. Although the price currently is still at the point where one can buy too but it would be nice you buy with your spare cash as the market is volatile. If you plan holding for a long time then you can buy as profit is guaranteed for a long time holder wereas halving is just six months from now you could be at advantage making more profit. If you opt for a short time, then I suggest you follow Antotena recommendation but you will do your own research for the trading techniques that best suits you.

[Faisal2202]

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?

If you had bought at the ranges of 26k, 27k, 30k, and 31k then you must be making some profit now. If you have still some money then I would suggest you to not buy more at the current price tag. Because market might make some corrections and might come down to 32k or maybe 31k again but all that revolves around only one news.

Which for now is, SEC news of ETF, if they accept the ETF then we might see the market at around $50k (maximum). But if they delay it then we might see some consolidation at the current price tag and if they go against it then we might see BTC at 29k maybe (Hard guess).

Overall, if you are planning to hold for longer period of time like the next ATH then it does not matter if you buy at 35k or not because you have to increase your number of satoshies.

[Coyster]

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?

It is true that many people only want to buy Bitcoin when they see that the price is rising, just a small pump up to $35k and the fomo effect has already started. Mind you that some of these people who have started asking questions about Bitcoin, would sell in the next correction period, only to return when the next pump happens, rinse and repeat stuff.

OP, i guess you are not buying one Bitcoin, so you prolly should forget about what the price of one Bitcoin is and accumulate what you can afford to lose. Buying at intervals irrespective of the price is what we call DCA, and if you are a newbie with limited understanding, using that srategy would save you the headache of trying to time the market.

[Zaguru12]

If you had bought at the ranges of 26k, 27k, 30k, and 31k then you must be making some profit now. If you have still some money then I would suggest you to not buy more at the current price tag. Because market might make some corrections and might come down to 32k or maybe 31k again but all that revolves around only one news.

Just like you have stated bitcoin is not predictable and as such I would advise him to continue buying every time he has the money to buy. If he has had the thought of bitcoin taking correction when he bought at those prices he did he wouldn’t have got the opportunity to do so. We might all be speculating a correction too and the price to fall below $30k but that is not certain, so it will be a very huge risk trying to wait for a fall now which might not come soon considering how unpredictable bitcoin.

The OP seems to be on a right part of accumulating at varying price which seems he is using the DCA method, I would advise he continues doing that gradually and be stashing more satoshi. Should the price falls, the DCA done will cover the loses, should the price increases the DCA will still maximizes the profit.

[albert0bsd]

For me yes, i am keep buying every keep at constant rate no metter the price.

[Die_empty]

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?

$35k is not too high based on many predictions. It is expected that the bitcoin price might exceed its ATH sometime next year, giving you the opportunity to make profit. But these forecasts are not certain so the best option is to have a long-term plan. A long-term plan is necessary because the price might not get to your target which will necessitate longer hodling. I will also suggest that you start preparing for the bull run early using DCA because it will be cheaper and less risky.    

If you had bought at the ranges of 26k, 27k, 30k, and 31k then you must be making some profit now. If you have still some money then I would suggest you to not buy more at the current price tag. Because market might make some corrections and might come down to 32k or maybe 31k again but all that revolves around only one news.

If OP is targeting to sell his bitcoin next year, then the best time to buy is now. It is possible that bitcoin might not come down again to a much lower price than the current price. My suggestion is that if he still has money let him keep buying but he shouldn't buy when it gets to $40k and above.  

[tranthidung]

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?

Where is your investment capital from?

Is it from your own pocket?

If it is from your pocket, not from any loan, you are good to think further. How long do you plan for your investment? This question is important because an investment plan like 4 years or 6 years will be easily with investment plan in 1 or 2 years. Because Bitcoin historically has its cycle last 4 years for each. If you only can hold your coins in 2 years, that will be good if 2 years are bullish but will be nightmare if 2 years are bearish.

You can understand it better with https://dcabtc.com/

Choose investment period: 2 or 4 years and when you start. You can try with two different starts, one in start of bear market and one with start of bull market.

You can use another website with ROI chart for Bitcoin with time frame from 1 month to 10 years.

[letteredhub]

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?

Today the price looks expensive because there's a rise that's now making the rounds but tomorrow (next 1year) this same price will now be looking a lower amount because by then it might be 2x higher than what it is today. If you have a plan of hodling long then this price at $35 isn't  anything near expensive when  correlated with bitcoin market cap.

Have you stop to consider how you felt when you bought at 26k/27k/30k and now the price has bounced up to 35k doesn't that says much that in the coming month's we're going to see a more higher price than this? Keep DCAing mate the only time bitcoin would be said to be expensive is when it gets to it's market cap.

[Faisal2202]

Just like you have stated bitcoin is not predictable and as such I would advise him to continue buying every time he has the money to buy. If he has had the thought of bitcoin taking correction when he bought at those prices he did he wouldn’t have got the opportunity to do so. We might all be speculating a correction too and the price to fall below $30k but that is not certain, so it will be a very huge risk trying to wait for a fall now which might not come soon considering how unpredictable bitcoin.

Exactly, so the best practice for him might be to divide the capital into parts, and only invest some part of it in BTC at the current rate, and when BTC will come a little down, then invest another part. Or set buy limit orders, I don't know why, but I have a strong feeling that BTC will come back to 32k (Note* Do not trade on feelings). Which does not make a big difference if you have a small capital to invest but vice versa.

The OP seems to be on a right part of accumulating at varying price which seems he is using the DCA method, I would advise he continues doing that gradually and be stashing more satoshi. Should the price falls, the DCA done will cover the loses, should the price increases the DCA will still maximizes the profit.

I can not agree more with you, that's the benefit of doing DCA, buying at $35k might be an expensive deal but DCA will make it cheap one. Because in the end, a holder wants to increase the number of satoshis he/he holding onto. And if Op will buy at $35k the satoshies will increase. But OP did not make it clear that, if he is planning to do DCA or Lump-Sum, because he just said he wanted to buy more but to him, $35k is an expensive price tag.

I will just say, divide the capital, do DCA with that, try to remain more active, because this week is full of surprises.

[Doan9269]

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?

No, 35k is not that expensive to buy from, consider two things from this regard, we are approaching the next Halving soon, bitcoin market is pumping it way out of the bearish season to a bull market season, then lastly, you have to consider the last all time high and compare it to where we are today, bitcoin market is just on a rising to maintain strong resistance against bear, if you buy and hold, it will be your own advantage.

[$crypto$]

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 you saw the price jump not to $35,000 so you call it a little expensive? It's not really that you can see the price more than the price now.

Then if your goal is to invest long term why not buy while the price is still half of the previous ATH? I believe $35,000 is still quite low and buy if you are still able and brave.
Most investors already know it's still low even though you've had prices in the $20,000 to $30,000 range all year.

[DeathAngel]

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?

No price is too expensive to buy bitcoin. It’s the hardest money that ever existed, bitcoin is by design set to go up against it’s $ exchange rate forever. As long as you have long term thinking then it is never a bad time to buy bitcoin.

[Mpamaegbu]

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 wouldn't think that buying Bitcoin even till $100k is expensive because I expect it to go past that level with a fresh ATH that will come with the 2024 halving. However, I think you should allow it retrace and make a little correction before you buy. With that, you will be  buying at discounted rate. It has to drop to pick momentum again, given the way it skyrocketed yesterday and today. I expect price correction to take it to $30k to $31k.

[Faisal2202]

If OP is targeting to sell his bitcoin next year, then the best time to buy is now. It is possible that bitcoin might not come down again to a much lower price than the current price. My suggestion is that if he still has money let him keep buying but he shouldn't buy when it gets to $40k and above. 

I also meant to say the same, that if Op wants to hold for a longer period of time then it does not matter that either if he buys at $35k or not, because overall, the profits will be his, and all he wants to do is to increase the number of satoshies, which I already said before. Maybe you missed that part. I suggest if he had money, and wanted to do Lump-sum then he should not do that because in his reply he did not mention that either he wanted to hold those BTC and buy at the current price of $35k by doing DCA or Lump sum.

If you really think if OP wants to book profit in 2024 or 2025, maybe in the upcoming Bull run, then why are you saying buying at $40k is not right because IMHO, BTC is going to cross $40k and if the OP or anyone will buy A $40k then by holding, they are not going to make lose. Overall, it all depends on the planning of the OP, whatever he wants.