Buying at 35k?

[Nwada001]

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?

Every price is a good price to buy, but this all depends on the purpose of buying the bitcoin. If you were planning on buying to sell and take home some quick profit, then buying at 29k could have been the best entry price for you and then selling at 25k, which is a profit that's worth a lot for a short period of time.

With the current price right now, from your time of this thread to the time that I'm commenting, the price has already reached 35k twice and dropped below that, which if you are to be a short-term trader, does not look good at all.
 
My advice is that if you are not going in for a quick profit, then you can buy now and keep it. Why wait for a bull run? You might be waiting for the price to drop further. As for yourself,  the question is, what if it doesn't?

The best thing is either you buy with what you have now and wait for the bull run or you buy DCA, which might also be an easy way for you to accumulate as you don't have to care about the current price as of your buying time.

[Rockstarguy]

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 the price of bitcoin will go beyond what it is presently, I don't think it is too expensive to buy bitcoin in the current price it is in the market, buying bitcoin this time that the price of bitcoin is 35k is not a late time for investor's who are willing to hodl. I know now that the price of bitcoin is going up some people may think the price of bitcoin will keep on increasing steadily which they would want to invest to make profit very fast. Bitcoin is unpredictable,  even if we are entering into the bull season it doesn't mean people can still predict to expect profit very fast.

[Dave1]

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 the price of bitcoin will go beyond what it is presently, I don't think it is too expensive to buy bitcoin in the current price it is in the market, buying bitcoin this time that the price of bitcoin is 35k is not a late time for investor's who are willing to hodl. I know now that the price of bitcoin is going up some people may think the price of bitcoin will keep on increasing steadily which they would want to invest to make profit very fast. Bitcoin is unpredictable,  even if we are entering into the bull season it doesn't mean people can still predict to expect profit very fast.

Yes, if we look at the long term, buying at $35k will still net you a profit, you just have to be

a: HODLer - which means accumulate as much as much as you can even in the bull run
b. Have the tough mentality - which means you will be tempted lets say the price goes to $70k because your investment has double. However, what we are looking at is a price around $100k minimum. Because that is what the most of the speculators are prediction, 6 digits. So you need to be mentally prepared and just be teased because of the profits. You can even profit even more if you will continue to HODL.

[OgNasty]

Buying now after the price has more than doubled from the bottom and we’ve just had a significant rally shows some real confidence. Long term I’m certain it’s a good buy point, but for traders I can understand why they would be hesitant and awaiting a pullback. At some point the dips stop happening and we launch though.

[coolcoinz]

Let me ask you this, OP.
What if you bought at 30k in 2021, then at 40k. Would that make you feel uncomfortable? It probably would since at the time it was the highest price ever recorded, but it wouldn't change a fact that a few months later it was at 68k.
Now this isn't the highest price recorded, but people still have this fear of buying.

Every single price point could theoretically be the highest and the last opportunity to both buy or sell bitcoin. How you proceed from here should depend on your confidence in bitcoin and many other things like how much fiat money you have on the side. If I had 10 million lying around, I'd be buying at any price point. If I had only 1k in fiat fiat and 1 bitcoin, I wouldn't spend my last money to buy more bitcoin.

[armanda90]

Depend on your decision, I think if want accumulate bitcoin as much possibility and you want to be long term holder its not bad ideas buy bitcoin right now but give moment awhile for bitcoin bit drop under $35k. Today bitcoin price around $33,900 and right moment if you want buy back and keep hold it until raise to higher price, you have earned much profit before when investing in bitcoin around 26/27/30 and 31k and more excited keep accumulate until halving time arrive.
Looks more promising in several months later with bitcoin potential close halving up to higher price, still not late although bitcoin success raised to $35k its not really expensive depend for future potential price will be close with last ATH price,  keep your own research are right moment to buy bitcoin right now or waiting for few days later but don't be disappointed when bitcoin make another moving up price.

[jeraldskie11]

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's not ideal to buy on that price because any time soon it will retrace before the price go higher and create another high. Always buy in the higher low or swing low to maximize our profit if we are longing. However, we can't predict the price movement in the market, so all we have to do is to anticipate and look for sign of weakness to occur before we decide to buy. Base on my analysis, the possible price it can go is around 30k. If ever you miss the opportunity because the price didn't go 30k, don't lose hope immediately. There is always opportunity in the market.

[darkangel11]

I decide based on some very simple rules. One of these rules is if I feel good owning bitcoin that's bought at certain price level.
It feels like OP felt fine buying at 30 and 31k but is starting to have doubts as we get close to 35k, which to me would be a red light, a sign that I should stop buying.
If you don't feel comfortable at a given price - don't buy it. You're here to hold and be happy, not to wake up at night to check the price.

[aylabadia05]

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?

1 Bitcoin is traded at today's price. You dare to say that you all made a profit because you bought it below the current price. You should have a clear answer if you buy Bitcoin at a price of $35k.

The feeling of the expensive price of Bitcoin is felt by people who do not intend to own Bitcoin and have no knowledge of Bitcoin.
If you have a basis around profit and loss, I think the question of whether $35k is expensive to buy Bitcoin is unnecessary to ask.

The thing that people who understand profit and loss should think about is what the price of the previous ATH was and what the price of the next ATH will be. How big is the profit when buying at $35k and how much is the loss because you think too long about the high price.

[goaldigger]

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 bought at $35k and look at the market right now, you’ll see a loss but if you will look at the longer time frame, then the price right now is still ideal and a good opportunity to buy. Do DCA for now, it is the best way to deal with the market and as you can see, the price is still not stable and there’s still no assurance that we will pump that much, also think long term and plan ahead.

[South Park]

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 are your goals and how long do you plan to hold that bitcoin? Without knowing that it is impossible to know if bitcoin is in fact too expensive for you, because something being expensive or not is relative to the needs and wants of each person, if what you want are short term profits and sell your coins in a few weeks then 35k could be in fact too expensive of a price for you, although the price right now sitting at 33.5k, but if your goal is to hold bitcoin and sell it when the bull run is ongoing then 35k is a cheap price to pay for bitcoin.

[romero121]

The price is predicted to continue its bullish move. It continues to have the uptrend as the investors are much into buying. The RSI is at the overbought which makes the bullish move strong. The market is gaining resistance to move higher to cross the $35k barrier. This won't be broken shortly. It could fall back, till $31000 and retest to move forward. Based on this market situation it is good for OP to continue his buying at the moment and look for increasing his holding through trading participation. Right now is good as there is regular market fluctuation happening in a better range.

[Dzwaafu11]

Why not wait for it to make a correction and buy it when another bullish trend is being reestablished?

Buying now is still not too expensive as the price cannot be predicted and nobody knows how the market will be in a short period of time. If you said he should wait till the price goes lower than this, who knows if this is an opportunity for him to buy and the price may start rising? So the thing is that if he is hoping to hodl for a long time, it is still okay to buy more if he has the funds in hand, as we all believe that the price might be higher than we are thinking, or if we say he should wait, he may eat the money he has already budgeted to buy more and add to his investment. So for that, I think the OP can go on and buy to hodl for a long period of time, but he should invest the amount he can afford to lose.

The feeling of the expensive price of Bitcoin is felt by people who do not intend to own Bitcoin and have no knowledge of Bitcoin.

Something being expensive to someone is not all about knowledge; what matters is the ability to purchase such a thing at the given price. We have many people who are willing to hoard bitcoin, but the funds to buy it are not there, and it is not that these people lack the knowledge they have, while others are there who have already bought it but need more, and the current price is too high for them. Are we going to say that these people do not have the knowledge? Nah mate. So I think you should also consider the condition. Sometimes you may wish to buy something, but due to finances, you may not get such a thing at that time because the money it requires is not there, and you will see it as something expensive even if you know everything about such a thing.

[philipma1957]

well its 33.9 so you have a better price than 35k.  just get a small piece and look at it next week to see if you want more.

[EarnOnVictor]

Why not wait for it to make a correction and buy it when another bullish trend is being reestablished?

Buying now is still not too expensive as the price cannot be predicted and nobody knows how the market will be in a short period of time. If you said he should wait till the price goes lower than this, who knows if this is an opportunity for him to buy and the price may start rising? -snip-

I don't think you understand how the market works, because if you do, you won't just advice like a layman without having a valid reason to buy at that expensive level, one should advise like a professional or keep mute. Of course, no one is perfect in investment but there still exists conditions to guide investors, have you thought of that?

This is an investment, not trading that one could miss out on outrightly and painfully, anyone could enter if the bullishness persists in investment. But with what Bitcoin is doing now, with its hesitation to buy further having bought almost $10,000 in just a month, don't you think it's ideal and most reasonable to wait for a correction? An opportunity to buy cheap?

You don't just know how the market works, and if you can risk it, let others use their wisdom. After all, the guy has already bought Bitcoin, he's not missing out outrightly, it's wise to DCA at this point and not continue to buy foolishly at once at this current expensive price.

[Franctoshi]

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 zoom out and look at what the price of Bitcoin could do in the future, And considering that you are not after short-term gains or expectations, $35k is still a fair price for one to accumulate some Bitcoin even way up to $69k previous ATH, Should Bitcoin mirrored the 2x plus in price it did in its previous bull cycles. Use an amount of money that you think you are okay with losing and have little or no worries and wait patiently, we are getting closer to the main event the more.

[danadc]

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 zoom out and look at what the price of Bitcoin could do in the future, And considering that you are not after short-term gains or expectations, $35k is still a fair price for one to accumulate some Bitcoin even way up to $69k previous ATH, Should Bitcoin mirrored the 2x plus in price it did in its previous bull cycles. Use an amount of money that you think you are okay with losing and have little or no worries and wait patiently, we are getting closer to the main event the more.

You can buy Bitcoin at $35k, of course, it is half of what the last ATH was, this is not bad , those who see it badly are because they will buy the Price where it was at $26k and they did not buy there because it was Something they should have take advantage, but since People are told that bitcoin is going up, they should take advantage of the fact that it is a good Opportunity , if everyone thinks that it is not going to go up, that is a lie, I have ideas that I told them they would buy and they didn't, and when they see the news they buy, when they buy it they didn't tell me anything because it makes them sad , but I do Keep telling them to buy , it went up a little, but they have to keep Buying , because the Opportunity is still there.

[Hamphser]

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?

Depends on your risks management and depending into your decision because we dont know if the price would really be that tending to shoot up more to 40k or not but since you've been  buying up with those 20k+
price then it is obviously that you are indeed in profits, The question is, are you going for long  term? If yes then it would really be not that much of an issue if you do buy on 35k.
But for me then i would really be waiting up for some correction since we've been going up recently and i do anticipate that there would really be some pullbacks on which i would say that it would
really be that worth on re-entering when it comes to price or maximizing possible bottom but still not an assurance.

This what makes things really that hard on which you cant really be so sure if your purchase or buy points are really that worth and its normal that we are really that going
for the most bottom price as much as possible because we know that going bottom would really be able to maximize your profits with that.

[boltz]

I know people who got into Bitcoin at 50k$ so I think buying BTC at 35k is really a good deal as long as you have the patience to wait and not get into panic mode and sell your BTC.

Right now , if I was in your place I would patiently holding my Bitcoin and maybe even accumulate a bit more if you have goods for it but if not , just wait for it to enter into full Bull run cycle as for now we are still testing some prices , zones and all of this are happening while the whales are accumulating even more.

[salad daging]

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 bought at $35k and look at the market right now, you’ll see a loss but if you will look at the longer time frame, then the price right now is still ideal and a good opportunity to buy. Do DCA for now, it is the best way to deal with the market and as you can see, the price is still not stable and there’s still no assurance that we will pump that much, also think long term and plan ahead.

Yes, so after buying at $35K, never look at the price again because it will be a little curious and become doubtful because the loss continues to eat away at it.
If the plan is for the long term then of course the current price is ideal to buy unless he is a trader then will continue to think about the price movement.
DCA is the best way to invest with a long-term plan that will continue to accumulate until a certain price then I myself will continue to buy at the current price.