I think that it's certainly a good buy for the long run, but that does not guarantee anything when it comes to short term profit/loss.
Markets are still very volatile and even though there is seemingly a bottom being built at the $30k mark, things can come tumbling down as soon as any piece of regulatory setback comes out. That, unfortunately, is just the nature of the BTC markets.
You don't want to be caught in a position where you are also panic dumping along with the rest of the weak hands. This is why I suggest you DCA as opposed to buying with your full power - sure, you forgo some potential profits, but in the long run it's going to be negligible and you have liquidity to snap up cheap coins if markets continue to slide.
Topic: 6 reasons why you should buy Bitcoin right now (at USD 50K-53K) (Read 881 times)
There is just one reason why people should buy bitcoin as of right now; because it will go up and you should take advantage of that. I do not know when it will go back up but I know that it will go back up and that is a very important realization to have, if you are not aware of that then you can't make a profit but there are tons of people accumulating right now, and they will profit in the future while you are too late to get in.
All those people who came in after bitcoin became 30k+ or 40k+ and tried to make some money did earned a bit but they were too late, I bought some at 6k last year in march, that is how you get in early, I am not rich so I didn't put in too much money and even though I made 10x profit, it is still not life changing money so I am still not rich, but at least I knew when it went down I should buy and I am feeling the same way now.
All those people who came in after bitcoin became 30k+ or 40k+ and tried to make some money did earned a bit but they were too late, I bought some at 6k last year in march, that is how you get in early, I am not rich so I didn't put in too much money and even though I made 10x profit, it is still not life changing money so I am still not rich, but at least I knew when it went down I should buy and I am feeling the same way now.
This is still true at the current prices too so you all might want to go grab some bitcoin because I am pretty sure we won't be staying at the current price point for a really long time.
briefly fell below $ 50k and back above $ 50 in no time! How is that possible?
it should be if the bears happen it will be hard to come back, and I feel the bears are still not coming,
bulls will rule the crypto market until next season, or next year, and $ 50k is the bottom for Bitcoin, yeah I bought it!
what you believe that the crypto market will improve until next season is the same as what I believe. that the movement of bitcoin is not over and will continue to move until the end of this year to reach renewable ATH and early 2022 there will be a correction like 2018 but the value of the decline is not the same, it will probably be in the range of $30K.it should be if the bears happen it will be hard to come back, and I feel the bears are still not coming,
bulls will rule the crypto market until next season, or next year, and $ 50k is the bottom for Bitcoin, yeah I bought it!
although currently bitcoin is experiencing a very deep correction and has been moving for some time in the $31K-$40K range, which indicates that this is a period where bitcoin is experiencing stability from the bad news that has occurred so far. but all that will end soon because bad news is no longer willing to believe and waiting for good news that can lift bitcoin.
Finally someone says it! Believe me there are so many so called "TA experts" whereas everybody with some (academic) background knows that TA is BS. One reason is the time the market has been around and a second reason is that the past is a bad indicator to correctly predict the future. I mentioned two years because it sounds to be a reasonable time horizon to have a fair chance to not find yourself in the middle of an ongoing crash at least at some point in time. But, and this is a big but, you never know. Can be the same problem in two years as it might be in six months.
I wouldn't go so far as to call it bs, what's BS is that you can swear by it and use it as a completely reliable tool -- it helps and it confirms, and it identifies possible opportunities, but I think the TA I enjoy the most is by those who know what the real deal is with it. Helpful, informative, and entertaining (I admit, I do indulge every now and then cause it's fun to fantasise haha).
I do point out the market's still far too young to build proper TA too -- 2013/14 if you want to be lenient, is still 2 years away from completing a decade's worth of data.
The problem with TA is that it doesn't capture the extremes at all. If you take the price decline in 2018 from 20k to - I don't recall exactly - let's say zero for the sake of explanatory power
Do you remember how many TA experts were wrong until we finally hit rock bottom? They corrected their analyses on an hourly basis. Last year start of the pandemic when markets out of a sudden moved to ATHs? I don't a single TA expert who said we are going to have record highs at the peak of the pandemic. What did TA do in 2007? Or 2000? If you rely on TA and don't have a trading strategy like selling some here and there and not buy in again catching a falling knife, you'll lose everything. I know that's what you basically said that TA is just one tool of many, but there are people out there who follow these TA gurus because they talk as if they had a crystal ball but can actually show a convincing fake crystal ball in the form of their computer screens (which are - you may guess - not a crystal ball).
Technical analysis is not a future teller. It will just suggest the support and resistance and you can short and long based on the TA. To get the complete picture we need to add fundamental analysis and sentimental analysis along with TA to get a better picture but then again no one can predict the exact future.
Your second sentence is the exact contradiction of your first sentence. If you say TA is not a future teller, but you then say that based on TA you can actually make your investment decisions obviously for the future, what is true now?
As i explained before, TA can't predict the long tails, the unexpected events that could either get you rekt or make you rich. I have nothing against people using it as it is up to them if they like it, but I don't trust it. What is your TA worth if it turns out that Craig Wright is Satoshi and has a million Bitcoins?
Finally someone says it! Believe me there are so many so called "TA experts" whereas everybody with some (academic) background knows that TA is BS. One reason is the time the market has been around and a second reason is that the past is a bad indicator to correctly predict the future. I mentioned two years because it sounds to be a reasonable time horizon to have a fair chance to not find yourself in the middle of an ongoing crash at least at some point in time. But, and this is a big but, you never know. Can be the same problem in two years as it might be in six months.
I wouldn't go so far as to call it bs, what's BS is that you can swear by it and use it as a completely reliable tool -- it helps and it confirms, and it identifies possible opportunities, but I think the TA I enjoy the most is by those who know what the real deal is with it. Helpful, informative, and entertaining (I admit, I do indulge every now and then cause it's fun to fantasise haha).
I do point out the market's still far too young to build proper TA too -- 2013/14 if you want to be lenient, is still 2 years away from completing a decade's worth of data.
The problem with TA is that it doesn't capture the extremes at all. If you take the price decline in 2018 from 20k to - I don't recall exactly - let's say zero for the sake of explanatory power
Do you remember how many TA experts were wrong until we finally hit rock bottom? They corrected their analyses on an hourly basis. Last year start of the pandemic when markets out of a sudden moved to ATHs? I don't a single TA expert who said we are going to have record highs at the peak of the pandemic. What did TA do in 2007? Or 2000? If you rely on TA and don't have a trading strategy like selling some here and there and not buy in again catching a falling knife, you'll lose everything. I know that's what you basically said that TA is just one tool of many, but there are people out there who follow these TA gurus because they talk as if they had a crystal ball but can actually show a convincing fake crystal ball in the form of their computer screens (which are - you may guess - not a crystal ball).
Technical analysis is not a future teller. It will just suggest the support and resistance and you can short and long based on the TA. To get the complete picture we need to add fundamental analysis and sentimental analysis along with TA to get a better picture but then again no one can predict the exact future.
Finally someone says it! Believe me there are so many so called "TA experts" whereas everybody with some (academic) background knows that TA is BS. One reason is the time the market has been around and a second reason is that the past is a bad indicator to correctly predict the future. I mentioned two years because it sounds to be a reasonable time horizon to have a fair chance to not find yourself in the middle of an ongoing crash at least at some point in time. But, and this is a big but, you never know. Can be the same problem in two years as it might be in six months.
I wouldn't go so far as to call it bs, what's BS is that you can swear by it and use it as a completely reliable tool -- it helps and it confirms, and it identifies possible opportunities, but I think the TA I enjoy the most is by those who know what the real deal is with it. Helpful, informative, and entertaining (I admit, I do indulge every now and then cause it's fun to fantasise haha).
I do point out the market's still far too young to build proper TA too -- 2013/14 if you want to be lenient, is still 2 years away from completing a decade's worth of data.
The problem with TA is that it doesn't capture the extremes at all. If you take the price decline in 2018 from 20k to - I don't recall exactly - let's say zero for the sake of explanatory power
Do you remember how many TA experts were wrong until we finally hit rock bottom? They corrected their analyses on an hourly basis. Last year start of the pandemic when markets out of a sudden moved to ATHs? I don't a single TA expert who said we are going to have record highs at the peak of the pandemic. What did TA do in 2007? Or 2000? If you rely on TA and don't have a trading strategy like selling some here and there and not buy in again catching a falling knife, you'll lose everything. I know that's what you basically said that TA is just one tool of many, but there are people out there who follow these TA gurus because they talk as if they had a crystal ball but can actually show a convincing fake crystal ball in the form of their computer screens (which are - you may guess - not a crystal ball).
It's now very clear that the BTC balance on exchanges continuously diminishing, implies low pressure on selling. No more explanation need, if the trend continuous BTC price will be soaring up. Institution investment coming in and there is good back up between $52k - $53K. Long term holders are also increasing, so it's time purchase bitcoin and hold your BTC bags.
Things are pointing out to that direction and all the indicators are signaling that and yet the price is going down right now and it is doing so in a significant manner and that is because even if we have more strong hands than before there are also a lot of newbies that do not know what they are going and they are going to sell at the first signs of trouble, and this is exactly what is happening now with the statements that Elon Musk has done lately and which have caused the price to take a nosedive. 
Finally someone says it! Believe me there are so many so called "TA experts" whereas everybody with some (academic) background knows that TA is BS. One reason is the time the market has been around and a second reason is that the past is a bad indicator to correctly predict the future. I mentioned two years because it sounds to be a reasonable time horizon to have a fair chance to not find yourself in the middle of an ongoing crash at least at some point in time. But, and this is a big but, you never know. Can be the same problem in two years as it might be in six months.
I wouldn't go so far as to call it bs, what's BS is that you can swear by it and use it as a completely reliable tool -- it helps and it confirms, and it identifies possible opportunities, but I think the TA I enjoy the most is by those who know what the real deal is with it. Helpful, informative, and entertaining (I admit, I do indulge every now and then cause it's fun to fantasise haha).
I do point out the market's still far too young to build proper TA too -- 2013/14 if you want to be lenient, is still 2 years away from completing a decade's worth of data.
And also you can always argue retrospectively why it would be more risk today than it was three years ago as you have the information from today. Buying Bitcoin also depends on the time horizon you are having in mind. I would say if you buy and hold for two years you are likely to be alright, but if you need the money in half a year from now you could have a bad timing and have to sell in the middle of a crash, like many had to sell in 2018.
Analysis is always retrospective though, and every TA person knows this, which is why the good ones can laugh about their charts and not take themselves too seriously;) That's the problem with risk analysis based on a market which has only been around for 10 years (we can't really call the early years a real market!). You simply just have too little data to make any really meaningful analyses.
Oh, and I remember biting down in 2018/19/20 when forced to sell for bills coins I'd earned at far higher prices. Much pain.
Finally someone says it! Believe me there are so many so called "TA experts" whereas everybody with some (academic) background knows that TA is BS. One reason is the time the market has been around and a second reason is that the past is a bad indicator to correctly predict the future. I mentioned two years because it sounds to be a reasonable time horizon to have a fair chance to not find yourself in the middle of an ongoing crash at least at some point in time. But, and this is a big but, you never know. Can be the same problem in two years as it might be in six months.
briefly fell below $ 50k and back above $ 50 in no time! How is that possible?
it should be if the bears happen it will be hard to come back, and I feel the bears are still not coming,
bulls will rule the crypto market until next season, or next year, and $ 50k is the bottom for Bitcoin, yeah I bought it!
it should be if the bears happen it will be hard to come back, and I feel the bears are still not coming,
bulls will rule the crypto market until next season, or next year, and $ 50k is the bottom for Bitcoin, yeah I bought it!
The only reason I need is it would still increase it's price in the future so I would earn by buying now and holding it, It is enough reason to invest on it right now since investors focus mainly on the profit.
Cant really be denied that majority of people in the community are really longing for the profits that they could make with bitcoin but actually if we do look into the other side of thingsor directly tells about its main purpose of existence is about into in payment system which mostly not really minding at all but rather focuses on how they could make themselves rich
via holding the coin for more years to come. Price point for you to enter doesnt really matter if you are someone who are longing for future sell and doesnt mind
about selling in a short span of time. Reasons will really be that common which it isnt surprising.
The only reason I need is it would still increase it's price in the future so I would earn by buying now and holding it, It is enough reason to invest on it right now since investors focus mainly on the profit.
I have been collecting bitcoin since july 2020 and i think what i earned are enough when the price climbs up to 100k?
10 folds is more than enough for me and i don't wanna be greedy
It is a smart investment, if anyone is planning to invest in the cryptocurrency market they should have done that before the market rally, i will not risk by investment after the price actually rallied multiple folds and hence i am more than happy with my holdings as i am not expecting the market to be rallying over $100k because we already had a huge rally and if it goes then it is an added bonus and i will gladly take that opportunity to book my profit for everything i hold. 10 folds is more than enough for me and i don't wanna be greedy
Bitcoin is really can be trusted and no way it disappoints us but since the price is still bullish, it gonna be your guts to do it.
I'm not discouraging people not to invest but first, you have to ask yourselves if you are willing to hold if one day the price of Bitcoin will dump after buying? Because more cases happen that they once blame us because we put them into the trap which is not. That is why I need to encourage people and those who want to invest must have to clear their mind first and willing to accept whatever happens. It is not our decision but it is yours.
- Yes, the customer satisfaction surveys of bitcoin's services are always relatively high, some stages can be stagnant but there are always apologies for inconveniences and create the greatest satisfaction. However, the nature of risk has always remained unchanged over the periods, even this year is at red alert, continuing to buy bitcoin at a high price will require statistics about profitability and potential loss of capital, people's decisions only show encouragement but they don't have the pressure so in the end, we're still the one with the heaviest responsibility. I'm not discouraging people not to invest but first, you have to ask yourselves if you are willing to hold if one day the price of Bitcoin will dump after buying? Because more cases happen that they once blame us because we put them into the trap which is not. That is why I need to encourage people and those who want to invest must have to clear their mind first and willing to accept whatever happens. It is not our decision but it is yours.
Currently there is a possible reason that the price of Bitcoin helps to continue rising, apart from that the adoption is increasing, one of the ex-partners of Ripple in this case Coinme is carrying out a collaboration for purchases and sales of Bitcoin, Moneygram director Alex Holmes himself has announced that this may be one of the best collaborations that can be established, of course this comes after Ripple's problems with Sec, so now they want to give it another direction to continue in business.
Source: https://u.today/former-ripple-partner-moneygram-turns-to-bitcoin
Quote
This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency
Source: https://u.today/former-ripple-partner-moneygram-turns-to-bitcoin
I have enough mate, that's why I'm looking for altcoin to be added in my folio .
I have been collecting bitcoin since july 2020 and i think what i earned are enough when the price climbs up to 100k?
10 folds is more than enough for me and i don't wanna be greedy
I have been collecting bitcoin since july 2020 and i think what i earned are enough when the price climbs up to 100k?
10 folds is more than enough for me and i don't wanna be greedy
Bitcoin is a very good coin and is good for investing in the long term. because bitcoin in some countries has become a legal means of exchange, however, in the exchange system there are always ups and downs. so you have to be smart when to buy and when to sell.
In the last 10 years, bitcoin has been trusted as one of the best investment asset by people so you will know that its price has continued to increase over the years. Trust, scarcity, and adoption are some of the important factor why large investor such as institutional investor are willing to invest in bitcoin.As a long-term investment, bitcoin has been recognized as one of the most profitable asset even when compared to gold. I think people will agree that the risk of investing in bitcoin will be worth the return they will get in the long term.
like the recent news that big companies and big people are involved with bitcoin and that is evidence of the significant growth of bitcoin, and no one knows that there will probably be more such things in the future.
Don't panic or worry about the movement of bitcoin which is currently very slow and only lasts at a price of more than 50K, you have to be patient because the long term is the right choice so you don't feel worried and panic.
I'm really worried about the fall in BTC dominance and the rise of altcoins, isn't this the movement of end of bullrun season? Once altcoins takes over for sometimes it's a sign that by season is fading, anyways I will stick with my old plan which is taking profits and risking very little amount of money
You don't need to worry too much because the domination of Bitcoin will not be beaten by Altcoins....as usual, the bull run in Altcoins is the result of the increase in the price of Bitcoin. more popular Bitcoin, the Altcoins will definitely follow suit.Currently the Bitcoin price is stable at the price of $56k - $57k, still a great price to buy
Bitcoin is really can be trusted and no way it disappoints us but since the price is still bullish, it gonna be your guts to do it.
I'm not discouraging people not to invest but first, you have to ask yourselves if you are willing to hold if one day the price of Bitcoin will dump after buying? Because more cases happen that they once blame us because we put them into the trap which is not. That is why I need to encourage people and those who want to invest must have to clear their mind first and willing to accept whatever happens. It is not our decision but it is yours.
I'm not discouraging people not to invest but first, you have to ask yourselves if you are willing to hold if one day the price of Bitcoin will dump after buying? Because more cases happen that they once blame us because we put them into the trap which is not. That is why I need to encourage people and those who want to invest must have to clear their mind first and willing to accept whatever happens. It is not our decision but it is yours.
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