What do you think, will there be any further increase in Bitcoin?
Topic: Analyst: Bitcoin below $ 10,000 is a gift! - page 2. (Read 983 times)
What do you think, will there be any further increase in Bitcoin?
I will not disagree about that bitcoin enthusiast who happens to say that below $10,000 is a good buy. Last week it touched down at $9,300 and I buy btc at that price. Doin' some short term trades and the current price of bitcoin is at $10,600 now, it already reached my target profit. Since there will be another dump, we can still buy below $10,000 and enjoy some short trades.
These are the dips that makes a trader a trader, without those dips all these traders that you see always smiling to the bank will not be doing so, so it is really in did to many of us, as you have bought that price now, imagine that you sell now and the price still drops back to that $9300 repeatedly like 4 times, do you know how much you would have been counting as profit already? And that is not only of benefit to short term trader, but also long term trader, because the cheaper they buy, the more their chances to count more profit grows, although not every cryptocurrency dip that we see is a blessing, but this one of bitcoin has been nothing but a gift to many traders. Yes, we all made some mistake to have bought at peak then because we fell for these manipulators, but now that the market is balanced, we just need to move forward and play along with it.
As long as there is no bear run all prices we have right now looks amazingly good to buy.
It is not a "gift" since you literally risk your money and we don't know how much of it you can get back. However at the same time there are not many things that guarantees this much freedom in trading and profiting in the world, all other things that worth something unfortunately risks a lot more and even bitcoin sometimes has a lot of risks so saying that under 10k is a gift kind of tries to imply that it is better option than many other profitable business out there.
I still don't know how much we can trust this instinct because there is no guarantee that bitcoin won't go down but all things points to a better price than under 10k anytime we fall under it.
It is not a "gift" since you literally risk your money and we don't know how much of it you can get back. However at the same time there are not many things that guarantees this much freedom in trading and profiting in the world, all other things that worth something unfortunately risks a lot more and even bitcoin sometimes has a lot of risks so saying that under 10k is a gift kind of tries to imply that it is better option than many other profitable business out there.
I still don't know how much we can trust this instinct because there is no guarantee that bitcoin won't go down but all things points to a better price than under 10k anytime we fall under it.
But the problem, many people don't realize about that, and they want to see the price going to lower again so they can start to buy. We cannot always get what we want, and if you can see bitcoin price can get down too deep, then you need to buy, don't wait for another lower price because you might miss that. In this situation, you can split your money become two parts, one is to buy for the lower price than the current price, and secondly, you can place it on the lowest price just in case the bitcoin price will get dump so hard. I think that will help you to get bitcoin at the lowest price but if the price increase after the price you bought then you don't have to worry because there will be another lower price in the future. Bitcoin will be up and down, so prepare your money to buy bitcoin.
I will not disagree about that bitcoin enthusiast who happens to say that below $10,000 is a good buy. Last week it touched down at $9,300 and I buy btc at that price. Doin' some short term trades and the current price of bitcoin is at $10,600 now, it already reached my target profit. Since there will be another dump, we can still buy below $10,000 and enjoy some short trades.
I see the price is going down so fast today, ~$10k could be hit again if the trend continues. No doubt that this will give us another golden opportunity to buy and accumulate as I believed we are still in the accumulation phase.So let's continue to see if the market dumps in the next 24 hours. Although others may say that 5 digit has a lot of support, but a few weeks back it was slice like a knife. It might happen again so we need to be very fast scooping more bitcoins again.
Price suggest that we buy considering how much it was and that have up tread.
This depends on how you wanna deal in crypto because we have our own desire why we are here,while some of us are here for daily or short term profit,some are willing to make a holding so its the choice that will make you decide to buy even on high,or just focus on buy low sell highQuote
Still more then 50% of population into crypto this price is expensive as mentioned here.
What?sorry but I’m loss here.Quote
So then they will probably ask what to do.
Who’s gonna ask for whom?i guess there’s nothing like that happens hereQuote
Most know that price will go up and some will make riskexample go to bank take loan invest in bitcoin return the loan and have profit. Maybe good idea but risky what if price goes below even more.
Lol is that a joke?you will risk a loan to invest for something you have no assurance?if you are around crypto for years you’ll find how many people here cried because of this wrong decision
I will not disagree about that bitcoin enthusiast who happens to say that below $10,000 is a good buy. Last week it touched down at $9,300 and I buy btc at that price. Doin' some short term trades and the current price of bitcoin is at $10,600 now, it already reached my target profit. Since there will be another dump, we can still buy below $10,000 and enjoy some short trades.
bitcoin rise a lot every years , and i think now it is the time for prices crash hard
bitcoin price can crash to price of mtgox When the service stops
bitcoin price can crash to price of mtgox When the service stops
Which service stops ?
I think you do not have much knowledge of bitcoins. Bitcoin might fall 1000$-2000$ due to any dump but in a long run it will be hard to get the bitcoins under 10,000$. These days you will find it impossible to buy bitcoin at one thousand dollar and after a year you cannot even think of buying it under 10K.
Price suggest that we buy considering how much it was and that have up tread. Still more then 50% of population into crypto this price is expensive as mentioned here. So then they will probably ask what to do. Most know that price will go up and some will make risk, example go to bank take loan invest in bitcoin return the loan and have profit. Maybe good idea but risky what if price goes below even more.
As much as the $10k price was a gift because there is going to be one time in future that this price will never be seen again, just like we can never see between $1 to $2000 in the life of bitcoin again, but that would not warrant that we go take loan for cryptocurrency investment, it is highly risky and you might have lose all before you even get to see the increase.If bitcoin price dos not rise the time you give your creditors to pay them back, you will surely have to pay them back, which means that you have to sell whatever is left and the collateral you must have dropped to pay them off, the best way to our money into cryptocurrency is to save up for it and put whatever amount that will not affect you too much or amount you can afford to lose.
Price suggest that we buy considering how much it was and that have up tread. Still more then 50% of population into crypto this price is expensive as mentioned here. So then they will probably ask what to do. Most know that price will go up and some will make risk, example go to bank take loan invest in bitcoin return the loan and have profit. Maybe good idea but risky what if price goes below even more.
Investing in crypto is really a high risk decision. If you are a newbie in crypto, you should not invest just because your colleagues are also doing it, the chance of losing your money is high in that way. You should learn first the basics of crypto especially bitcoin. And if you are already confident with your decisions, then maybe you can invest it with your own decision in place and not relying to anyone else. You can't blame someone with your decisions, right?
bitcoin rise a lot every years , and i think now it is the time for prices crash hard
bitcoin price can crash to price of mtgox When the service stops
bitcoin price can crash to price of mtgox When the service stops
Which service?
bitcoin rise a lot every years , and i think now it is the time for prices crash hard
bitcoin price can crash to price of mtgox When the service stops
bitcoin price can crash to price of mtgox When the service stops
Even at this stage we can't really know what would be gift and what would be alarm bells. I know people think that just because we have bitcoin at under 10 thousand there is a way to go back up but that could also mean going even further down if its a bear run. There is no difference between going under 10 and than going back up versus going back under 10 than going under 9 even 8 which means we have no idea which one is going on at that moment until its too late.
Hence, we can't really blame people for not buying under 10, last time if we did it we could had a bit of profits and this "gift" idea would have been true but remember days when going under 10 was just the road where we went down as far as 6 thousand and than 3 thousand, it could have been like that too.
Hence, we can't really blame people for not buying under 10, last time if we did it we could had a bit of profits and this "gift" idea would have been true but remember days when going under 10 was just the road where we went down as far as 6 thousand and than 3 thousand, it could have been like that too.
Price suggest that we buy considering how much it was and that have up tread. Still more then 50% of population into crypto this price is expensive as mentioned here. So then they will probably ask what to do. Most know that price will go up and some will make risk, example go to bank take loan invest in bitcoin return the loan and have profit. Maybe good idea but risky what if price goes below even more.
10kusd indeed a gift but only for some peeps that can afford to bought btc during this level but calling it a gift isnt also a good term to me because to me a real gift means that you will only recieve it for free but in the case of btc , btc is not free for all .
only way to get btc is to to work for it ex . to mine or you could also buy btc using your own hard earned cash . however btc at 10k usd is still expensive to some peeps and they are wishing for lower drops than this .
only way to get btc is to to work for it ex . to mine or you could also buy btc using your own hard earned cash . however btc at 10k usd is still expensive to some peeps and they are wishing for lower drops than this .
Right now, we are again into the region of grabbing gifts. Still, I think there is an in between level from "holding long term" and "trading daily" which is "buying each month" which people do not really use that much. You could totally spread out your purchasing levels each month by diluting your purchase levels like buying 500 bucks per month. That is really in between level because its not as risky as buying all in and its not really as big of a skill related thing like day trading.
Hence, there is really a middle level that is both great for future and not requiring too much skill or knowledge of the market. You only have to have enough funds every month to buy which is normally a hard thing to achieve but you can deal with that by just diluting your current cash level by dividing that into 10 and buying for 10 months and if have some left over because of the price you buy more and if not you can save some to cover the 10th month.
Hence, there is really a middle level that is both great for future and not requiring too much skill or knowledge of the market. You only have to have enough funds every month to buy which is normally a hard thing to achieve but you can deal with that by just diluting your current cash level by dividing that into 10 and buying for 10 months and if have some left over because of the price you buy more and if not you can save some to cover the 10th month.
10,388 is the target for the price close this day out in an hour or so. If its below there its acted negatively all day and I would speculate will continue. Its failed on multiple perspectives and did not challenge the 50 day average earlier.
The 4hr bar did not close positively, it attempted to and showed as green before then negating what could have been Fib level support. Thats the support I'm now naming for the daily bar, if we cannot keep it I think somewhere closer to the lower 9000 prices is reasonable
The 4hr bar did not close positively, it attempted to and showed as green before then negating what could have been Fib level support. Thats the support I'm now naming for the daily bar, if we cannot keep it I think somewhere closer to the lower 9000 prices is reasonable
indeed
10,388 is the target for the price close this day out in an hour or so. If its below there its acted negatively all day and I would speculate will continue. Its failed on multiple perspectives and did not challenge the 50 day average earlier.
The 4hr bar did not close positively, it attempted to and showed as green before then negating what could have been Fib level support. Thats the support I'm now naming for the daily bar, if we cannot keep it I think somewhere closer to the lower 9000 prices is reasonable
The 4hr bar did not close positively, it attempted to and showed as green before then negating what could have been Fib level support. Thats the support I'm now naming for the daily bar, if we cannot keep it I think somewhere closer to the lower 9000 prices is reasonable
Well-known cryptanalyst and co-founder of Blockroots Josh Rager believes that the bitcoin price that has fallen below $ 10,000 is a real gift that needs to be used.
Based on how bullish the market currently is, I'd tend to agree with him. As it stands at this moment, bitcoin is above $10k and there's no telling if it's going to fall back below that mark. People who bought bitcoin below $10k were probably smart in doing so. As for me, I wish I'd backed up the truck when we were stuck at $3500 for months--too bad I didn't have any extra money to buy any bitcoin at the time. Story of my life.Be that as it may, Rager made it clear that he did not believe in a change in market sentiment towards bearish
Yeah, I don't see bitcoin turning bearish anytime soon. I'm not saying it never will, but right now there seems to be a lot of new money pouring into the market and driving the price up. That kind of momentum doesn't just stop on a dime. We'll see dips and probably a correction or two, but I'd imagine that $20k will be reached at some point next year. Not for all is a gift, some see it as a tragedy. We all see here on forum drama and panic every time when Bitcoin price goes down so I conclude that many doesn't see price fall as an opportunity for buying but only imagine potential loss.
For sure. People outside the rational circle buy because they see the price go up and sell because they see the price go down.
I wonder how many of the self-proclaimed analysts and experts considering certain price levels to be a good buy actually buy themselves. I think not many. If their analysis ever worked they would be making a lot of money trading Bitcoin instead of analyzing a market they don't understand.
Today's "gift" price can turn into a shit price you wish you didn't touch the day after. It's so subjective and nonsensical that people should never follow any of this advice.
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