Buying at 35k?

[arabspaceship123]

I won't disagree because ppl require patience if they're going to get rich. If investors hodl they'll stand more chances to make profits. I'd be questioning the points about ATH because I'm not convinced the predictions are accurate.

If you aren't a financial pro you shouldn't say things like it's going to exceed $100,000 or guarantee there's going to ATH in 2025. I'll say it's turning in to FOMO.

The predictions we are seeing for the next bull market may be correct. If the Bitcoin market reaches its peak ATH in 2025 as predicted by various pundits, I think it will definitely exceed $100,000. However, getting rich soon requires enough patience and holding on to buying bitcoins. That plan will come to you when you invest and hold bitcoins.

[STT]

At present 35k is looking like a support level, I dont know I want to trade it right now but in theory you buy into strength and trade it for as long as you can as it ascends.  Otherwise you'd be waiting forever on a pullback that wont often occur in bullish trends.  Complicating factor might be this is near a Fibonacci level also about 37k is us retracing 38% of the immediate 2022 low from the late '21 high.


Looking on 4hr bars, its like a game of ping pong back and forth.   A steady progression upwards however I dont like to presume anything is totally proved but both these levels seem to bear some significance in trading across global markets:

The blue line is my rough take for a division between positive and negative action, we are gaining but with more confidence would be good.

[AnonBitCoiner]

i think 50k is too high for bitcoin this year.
I think if bitcoin can reach 40k$, then that will happen but it doesn't rule out the possibility that after reaching 40k bitcoin will reverse direction and fall very far.
My predictions are not bullish for the end of this year.

Right, bitcoin can reach to 40k$ but 50k$ is much higher worth and suddenly such higher worth is not possible. It is possible that I'm cryptocurrency everything can happen because of unstable nature but as I think there will be no more than 45k$ worth of bitcoin this year.

Bitcoin will surely reach to 50k$ as in past it attained the value of 69k$ but not in present year but there is a chance for bitcoin to reach 50k$ next year. The present year is a good year for bitcoin and last months are bullish but what will happen at then end of December not yet known. Bullish period is introduced and according to prediction more success will be attained by bitcoin in 2024.

[fzkto]

i think 50k is too high for bitcoin this year.
I think if bitcoin can reach 40k$, then that will happen but it doesn't rule out the possibility that after reaching 40k bitcoin will reverse direction and fall very far.
My predictions are not bullish for the end of this year.

Right, bitcoin can reach to 40k$ but 50k$ is much higher worth and suddenly such higher worth is not possible. It is possible that I'm cryptocurrency everything can happen because of unstable nature but as I think there will be no more than 45k$ worth of bitcoin this year.

Bitcoin will surely reach to 50k$ as in past it attained the value of 69k$ but not in present year but there is a chance for bitcoin to reach 50k$ next year. The present year is a good year for bitcoin and last months are bullish but what will happen at then end of December not yet known. Bullish period is introduced and according to prediction more success will be attained by bitcoin in 2024.

I guess anything can happen to the price until next year when there is a halving. I think early 2024 could be bad for the market. Not sure when the Etf decision will be. But the halving will be in spring. So there could be a drop in the first quarter.

[GreenStox]

i think 50k is too high for bitcoin this year.
I think if bitcoin can reach 40k$, then that will happen but it doesn't rule out the possibility that after reaching 40k bitcoin will reverse direction and fall very far.
My predictions are not bullish for the end of this year.

Right, bitcoin can reach to 40k$ but 50k$ is much higher worth and suddenly such higher worth is not possible. It is possible that I'm cryptocurrency everything can happen because of unstable nature but as I think there will be no more than 45k$ worth of bitcoin this year.

Bitcoin will surely reach to 50k$ as in past it attained the value of 69k$ but not in present year but there is a chance for bitcoin to reach 50k$ next year. The present year is a good year for bitcoin and last months are bullish but what will happen at then end of December not yet known. Bullish period is introduced and according to prediction more success will be attained by bitcoin in 2024.

I also doubt that bitfcoin will close at 50k this year, even though these 2 months bitcoin has always been bullish but december cannot be expected to happen the same.
For those who bought at the beginning of October and made a profit, you can sell now and then buy again if the price goes down in December.
or you can hold until the halving starts next year.

[StreakW]

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?

Currently the price of bitcoin is around $38k. I think that even though the price of bitcoin is a little more expensive than the price you bought it at that time, it seems that it is still worth buying bitcoin at this time because the market performance is good and the potential for price increases continues. Therefore, if you are sure to buy now and can hold it until at least when the halving occurs then this is the right time for you to buy so that when the price reaches at least above $50k you can make a big profit.

[arabspaceship123]

What ppl shouldn't do is buying because of FOMO. It's spread by ppl who've already made their own bitcoin buys at lower price than you're going to pay. It's going to be helpful for them if ppl buy because of FOMO so don't.

I don't know ppl in real life who've got $38k to buy bitcoin. Investors did buy bitcoin at $60k they haven't seen a profit so they shouldn't spend their savings on crypto.

Currently the price of bitcoin is around $38k. I think that even though the price of bitcoin is a little more expensive than the price you bought it at that time, it seems that it is still worth buying bitcoin at this time because the market performance is good and the potential for price increases continues. Therefore, if you are sure to buy now and can hold it until at least when the halving occurs then this is the right time for you to buy so that when the price reaches at least above $50k you can make a big profit.

[peter0425]

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 just cut your chance , now you have no option to Buy bitcoin even in 36k you should have take the chance back then as what people try to advise you but you kept silence then no way now.
imagine you bought from 26.27/30/31 but denied to buy at 35k , now we are heading to 40k as it is strongly climbing now https://coinmarketcap.com/currencies/bitcoin/ surely it is getting closer now  and yes it will beat it sooner .

[fzkto]

Yesterday I saw a tweet about Michael Saylor buying 16k bitcoins. Usually this guy buys bitcoin when it's cheap in his opinion. So this could be a good sign for those who bought bitcoin at 35k. Maybe at the end of the year we will see the bulls again.

[arabspaceship123]

I don't know who he is but if his buy was at $16k he's doing well because he's making profit on $38k BTC price. We don't know if bulls will be riding this year but think about ppl who made buys at $60k. Their bitcoin experience hasn't been great so they're hoping for bullish season.

How much did he invest in Bitcoin at $16k?

Yesterday I saw a tweet about Michael Saylor buying 16k bitcoins. Usually this guy buys bitcoin when it's cheap in his opinion. So this could be a good sign for those who bought bitcoin at 35k. Maybe at the end of the year we will see the bulls again.

[cryptomaniac_xxx]

Yesterday I saw a tweet about Michael Saylor buying 16k bitcoins. Usually this guy buys bitcoin when it's cheap in his opinion. So this could be a good sign for those who bought bitcoin at 35k. Maybe at the end of the year we will see the bulls again.

You might be right as the price of bitcoin is almost $39k, perhaps the bulls trying to salvage the end of the month price and pushing it to $40k. But it didn't happen but still good to see the current price at 38,390$ and we might hit $39k in the next couple of hours.

And with that, if we buy at $35k, still a good price in my opinion. And this is just the beginning, the real test for us is next year when we have a block halving and then the bull run. Just look though last year, $11k-$12k at November, but fast moving 2023, price is about $40k. So that's how the price moves in a year so maybe around this time next year, we will have a new all time high and breaking that $69k from 2021 bull run.

[mv1986]

I don't know who he is but if his buy was at $16k he's doing well because he's making profit on $38k BTC price. We don't know if bulls will be riding this year but think about ppl who made buys at $60k. Their bitcoin experience hasn't been great so they're hoping for bullish season.

How much did he invest in Bitcoin at $16k?

Yesterday I saw a tweet about Michael Saylor buying 16k bitcoins. Usually this guy buys bitcoin when it's cheap in his opinion. So this could be a good sign for those who bought bitcoin at 35k. Maybe at the end of the year we will see the bulls again.

Their Bitcoin experience might not have been as great if you look at it from price performance only, but it taught them some things about cryptocurrency, market sentiment, all the regulatory complexity coming with Bitcoin, crashes of centralized exchanges and many other important things that can create FUD when you are brand new in the market.

For those who thought they'd quickly double up money they needed two month later at $60k, it went wrong. But for those who used money that was only dedicated to a long-term investment horizon, there is already a learning curve as Bitcoin went quite low from $60k and is now on the right path for recovery. With all the news going on about the financial industry getting involved now, I think most longer term investors get a feeling of where this could be going very soon.

When OP asks whether to buy at 35k when he or she bought at 25-30k, I wonder why someone would fear to buy at 35k and what the initial investment objective was.

[wmaurik]

Yesterday I saw a tweet about Michael Saylor buying 16k bitcoins. Usually this guy buys bitcoin when it's cheap in his opinion. So this could be a good sign for those who bought bitcoin at 35k. Maybe at the end of the year we will see the bulls again.

Today Bitcoin is still seen increasing to almost touch $39K which means everyone doesn't need to wait until the end of the year if they want to see an increase in the price of Bitcoin. Because market conditions have become more positive and perhaps big people with quite a lot of capital have also entered the market to continue buying Bitcoin, so the price increase can still be seen quite clearly in Bitcoin at the beginning of this month. So that makes me even more convinced that the price of $40K will probably be surpassed this year by Bitcoin.

[fzkto]

Yesterday I saw a tweet about Michael Saylor buying 16k bitcoins. Usually this guy buys bitcoin when it's cheap in his opinion. So this could be a good sign for those who bought bitcoin at 35k. Maybe at the end of the year we will see the bulls again.

Today Bitcoin is still seen increasing to almost touch $39K which means everyone doesn't need to wait until the end of the year if they want to see an increase in the price of Bitcoin. Because market conditions have become more positive and perhaps big people with quite a lot of capital have also entered the market to continue buying Bitcoin, so the price increase can still be seen quite clearly in Bitcoin at the beginning of this month. So that makes me even more convinced that the price of $40K will probably be surpassed this year by Bitcoin.

I think late this year and early next year the price will be over 40k. Now there are new news about cryptocurrency, bitcoin, etf and so on all the time. The stock market seems to be on the rise right now too. Next year there will be a US presidential election and there is no point in having a market crash.

[arabspaceship123]

The $60k buyers who've lost the value of their investments have learned valuable lessons about FOMO. They've followed the curve at the wrong time so instead of double up money they've expected they've lost. Investors shouldn't allow FOMO to replace straight thinking before investing.

For those who thought they'd quickly double up money they needed two month later at $60k, it went wrong. But for those who used money that was only dedicated to a long-term investment horizon, there is already a learning curve as Bitcoin went quite low from $60k and is now on the right path for recovery. With all the news going on about the financial industry getting involved now, I think most longer term investors get a feeling of where this could be going very soon.

[mv1986]

The $60k buyers who've lost the value of their investments have learned valuable lessons about FOMO. They've followed the curve at the wrong time so instead of double up money they've dreamed of they've lost. Investors shouldn't allow FOMO to replace straight thinking before investing.

For those who thought they'd quickly double up money they needed two month later at $60k, it went wrong. But for those who used money that was only dedicated to a long-term investment horizon, there is already a learning curve as Bitcoin went quite low from $60k and is now on the right path for recovery. With all the news going on about the financial industry getting involved now, I think most longer term investors get a feeling of where this could be going very soon.

Ok but the truth is that this is way more complicated and unpredictable than to just say "losers suffered from FOMO" and "low-to-no winners suffered from FUD". Nobody really catches highs and lows perfectly. But was the decision to buy at 60k wrong if someone truly decided that this is a long-term thing and was fine with the price going down perhaps for a while? The market was heated up, but I couldn't have predicted whether it is definitely about to stop. I didn't think 100k would be impossible.

In plain numbers you are right, someone who bought at 60k is now at a loss - unless that person went for DCA all the way down to 16k afterwards and then up to 38.5k these days. That's why the FOMO guys who lost are really those who went all in on 60k without any backup plan whatsoever for what should usually be deemed a long-term investment. Bitcoin is too susceptible to many exogenous effects to rely on a short-term flip (as very likely many were hoping for).

[arabspaceship123]

Yes it's way more complicated than blaming it on FOMO & FUD so you're right about unpredictable reasons why bitcoin's price changes. You're right nobody catches highs or lows perfectly but some ppl who did get it wrong won't invest in Bitcoin again. If they'd invested a different time they could've become believers but they'll invest somewhere like stocks. There's so many topics here about halving it's pushing FOMO to new heights so investors have to be careful.

If ppl can't hodl for long they'll probably try short sales but the flips aren't simple to estimate. It's better than being walked in to falls because of FOMO. If they had a backup they could've cut losses. We don't know how many $60k buyers were at disaster point or how long it's going to take for them to be stable. It's nice when you're profiting but it's opposite when you're making loss so ppl shouldn't invest unless they're satisfied.

Ok but the truth is that this is way more complicated and unpredictable than to just say "losers suffered from FOMO" and "low-to-no winners suffered from FUD". Nobody really catches highs and lows perfectly. But was the decision to buy at 60k wrong if someone truly decided that this is a long-term thing and was fine with the price going down perhaps for a while? The market was heated up, but I couldn't have predicted whether it is definitely about to stop. I didn't think 100k would be impossible.

In plain numbers you are right, someone who bought at 60k is now at a loss - unless that person went for DCA all the way down to 16k afterwards and then up to 38.5k these days. That's why the FOMO guys who lost are really those who went all in on 60k without any backup plan whatsoever for what should usually be deemed a long-term investment. Bitcoin is too susceptible to many exogenous effects to rely on a short-term flip (as very likely many were hoping for).

[mv1986]

Yes it's way more complicated than blaming it on FOMO & FUD so you're right about unpredictable reasons why bitcoin's price changes. You're right nobody catches highs or lows perfectly but some ppl who did get it wrong won't invest in Bitcoin again. If they'd invested a different time they could've become believers but they'll invest somewhere like stocks. There's so many topics here about halving it's pushing FOMO to new heights so investors have to be careful.

If ppl can't hodl for long they'll probably try short sales but the flips aren't simple to estimate. It's better than being walked in to falls because of FOMO. If they had a backup they could've cut losses. We don't know how many $60k buyers were at disaster point or how long it's going to take for them to be stable. It's nice when you're profiting but it's opposite when you're making loss so ppl shouldn't invest unless they're satisfied.

Ok but the truth is that this is way more complicated and unpredictable than to just say "losers suffered from FOMO" and "low-to-no winners suffered from FUD". Nobody really catches highs and lows perfectly. But was the decision to buy at 60k wrong if someone truly decided that this is a long-term thing and was fine with the price going down perhaps for a while? The market was heated up, but I couldn't have predicted whether it is definitely about to stop. I didn't think 100k would be impossible.

In plain numbers you are right, someone who bought at 60k is now at a loss - unless that person went for DCA all the way down to 16k afterwards and then up to 38.5k these days. That's why the FOMO guys who lost are really those who went all in on 60k without any backup plan whatsoever for what should usually be deemed a long-term investment. Bitcoin is too susceptible to many exogenous effects to rely on a short-term flip (as very likely many were hoping for).

I fully concur with you and it gets more complicated than that. I shared a post a while ago where they did a breakdown about the wallets that bought all the way down from the last peak to the last low and how it is turning into a net positive, not on the individual level, but collectively. But I still think that the point you mentioned about not knowing exactly about the number of 60k buyers and their sentiment once we get back to that range. Will they turn into selling pressure because they are happy to have made back what they "lost" on paper? Or will they remain or become true believers because they never intended to sell anyway? There are some interesting infographics about that, but I would have to go through my post history and search for the links. I will do that if I find some time and share it here.

Short selling Bitcoin can be fun, but only when you are ok with losing money and consider it gambling. I have my own experiments and burned my fingers a couple of times, but with relatively low amounts just to get a feeling. Leverage is really gambling unless you have inside info or are big enough to move the market yourself. Neither of both applies to me

[KiaKia]

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 are probably going to say the same thing when Bitcoin reach 40k, it makes no sense to stop buying because the price is going up, what if it never go back down again? No one knows for sure and that is why we should all use DCA to accumulate Bitcoin.

We are in a bear market, you should be buying every week or months whichever is comfortable for you, I only decide to stop DCAing into Bitcoin after the BTC halving is over, we still have like 143 days to go if I am right.

What's your plan? I think it's best to plan for long term, you don't have to worry about the price action today, if you are always using $100 to buy every week just keep doing it, there will be ups and downs in Bitcoin price action, do not stop to DCA.

[wmaurik]

I think late this year and early next year the price will be over 40k. Now there are new news about cryptocurrency, bitcoin, etf and so on all the time. The stock market seems to be on the rise right now too. Next year there will be a US presidential election and there is no point in having a market crash.

Last night the price of Bitcoin almost touched $45K and now the price is still quite close to $44K in the market. I'm starting to think that conditions like this are conditions that are really desired by many people and the price improvements that continue to occur through this increase are the effect of the encouragement of many people who still want to own Bitcoin before we all celebrate the new year. Plus, I don't think the market will crash again any time soon.