Topic: Are you buying right now ? - page 3. (Read 877 times)

Nope. Definitely waiting for a bargain sale. With its current price it's too expensive, I'll patiently waiting for a major pull back and correction. Its not good to fomo if the price is like that. Institutional players fomo at high price so the reatracement will probably take time, or its like we never gonna see bitcoin below 20k anymore as more enter the market at this level. Anyway we don't know what could happen so better to take advantage of its volatility and do leverage trading.

I am not in a rush to buy BTC right now. Because the price looks fixed and I choose to wait and observe it. I have bought BTC some time ago and I have made a good profit so far. I am indecisive about selling it now. If I do that, I will wait for the price to fall drastically and then I will buy again.

I think you can just buy new altcoins with the gains you have made through bitcoin. A new investment in altcoins will be better and not converting your bitcoin to altcoins because if a lose come in the altcoins, you can't talk of profit made with bitcoin. hodling.


Advise is that financial challenges will always be there in any family. A man is full of challenges and if you keep with the idea of not investing because of helping your family, you may be poor for life. So learn how to balance your income and try to invest for yourself, your kids and family at large.

no one can forbid anyone for what he will do, whatever action will be taken is definitely the best thing to do because he himself knows.

If it's about bitcoin, you don't really need to be afraid to buy it because bitcoin will continue to increase. You can buy a nominal what you can afford, because the time is still long enough and at that time you can fulfill it.

I am very concerned about losing your job, indeed at times like this there is still a pandemic going on, many have experienced it like you and of course it is wiser to use it for needs that become priority scales and that is a very wise action you take.

I'm glad you got out when you felt good about your profits. Nothing wrong with that. Not everyone will or needs to stay in the market until it hits $500k or $1 million or whatever. But you're gonna miss the vast majority of the bull market, and if your plan is to get back in lower than you sold, you aren't ever getting back in.

$10k, even $20k, are long gone. I've said it on here before, the worst possible time to sell, other than the bottom of a bear market, is right when the price hits the peak of the previous cycle (which was right where you sold), because hitting that old peak is the start of the next exponential move upwards which means you miss immediate massive gains by selling at that point. Case in point, you already missed about 100% gains in less than a month, and this is only the beginning of this bull run.

Just like by the time Bitcoin hit $3000 in 2017, $1000 was long gone. Anyone who sold at $3k in 2017, happy with their profits, but planning to only get back in at $1000, never got back in and now have missed >10x gains in the meantime. Just recognize for yourself that this is the decision you have made for the future. Either you're out for good, happy with the profits you made while you were in the market and you move on to slower growth investments like stocks, or you're eventually buying back in at a much higher price than where you sold.

Personally, I could sell everything right now (at nearly twice the price you sold at), move it all to the stock market, and live off the dividends the rest of my life. But then I'd miss out on thousands of percent gains this decade, so I keep holding.

Why would you compare 2021 to 2018?

Compare 2021 to 2013 or 2017.

We're just in the first rise of the double rally.

Maybe we'll get a bear market in 2022 or 2023. Maybe.

it is proper thinking. When the price drops and everyone starts to panic it's time to buy. You don't want to buy at the highest price because it will hurt when the market starts to bear.

The price of bitcoin continues to reach new ATHs today. And of course to reach the highest price again there will be several corrections that must be passed. The price of bitcoin reaching $ 40k will probably happen soon, but you will see where the real Bitcoin price is. This is also supported by several institutions and companies that started buying bitcoin and the Bitcoin euphoria has continued to increase.

I sold all my bitcoins in range 20k to $22k so i'm out the market.
i will never ride the wave, will never follow the fomo, i know it's risky to buy it now, i believe bitcoin will drop to 10k sooner or later, so i prefer to wait until price wave come back to me.

i already have good profits from my sale at 20k. i don't want to risk and lose my profits.
yes i would make more profits if i buy now, but i'm happy because i already exit with nice profits.

No. I am not buying right now because first I don't have money to invest because I lost my day job, second even if I have money to invest I will still prioritize my family's basic needs and third I am not a long term hodler.

I'm buying coins, freaking again and selling them. I'm still learning to trade, made some lost much larger and recovering again. The difficulty on making a trade on such volatile market is to find the right time to take profit or stop loss. What I can say for sure is bitcoin is much more inflated than what it's worth at least at the moment. Anyone buying now for long term would get hurt.

I agree with you, I am also selling now and preparing for next strategies if the price of Bitcoin goes down or goes up even more. Peoples perceptions are different, but seeing the bitcoin price is go up, more holders sell their bitcoins than buy. not only better than market 2018, but better than the last March 2020 market. now there should also be more selling than buying. unless someone want to buy and sell short term, it maybe also be more profitable than selling everything and not investing anymore.

As bitcoin grows and fomo is high, my tactics is not selling or buying, but converting. I’m converting the amount I would have sold to fiat, into altcoins. Wont tell which, as it is personal, but something amoung first 50 from coinmarketcap. Altcoins that have lost most in price. Tired of holding, want to risk a bit  I hope those altcoins will recover first, but then I will earn during so long waited altseason.

Last time when the market was around 20000$ we people are talking its too risky to buy like this now again we are thinking same way its risky to buy now but my perception has been changed now about Btc this time I feel the Btc movement is more genuine as compared to the previous bull run that time Btc was hugely pumped and dump quickly as well. In the present market condition, I believe BTC is the best thing to hold for future financial security So its not late to get it by now because we never know we will catch this price again or not.

I don't buy Bitcoin at the moment because I have spent a lot of money for my household needs but on the other hand my brother bought Bitcoin a week ago and he has benefited today.  My brother is very happy to have benefited from Bitcoin so he also invited his friends to join in buying bitcoin.

I'm waiting for bitcoin to reach $40k then i will sell some of mine and I know that some people will do the same just like me.

It is really hard to think and things are getting complicated and I don't want to regret something in my investment, when I made a wrong decision to make transaction.

I want to make my hodling worth it and profitable for my own benefit and I will buy again when its price goes down, as simply as that.

It zoomed passed $37k a few hours after you made that post. We could see 40 before weekend with the way Bitcoin is dancing.

I wonder why you never invested when the price was abysmally down below $4k. You're a veteran member of this forum and should've known better that it was just a matter of time before the phoenix in Bitcoin returned. Well, it goes to show how a lot of people like FOMO.

Well, I don't think your permutation with the vaccine being out to aid Bitcoin price is right. Bitcoin started soaring weeks before Pfizer made its announcement. So, I wonder how that news helped it.

To be frank in my own opinion, buying at such price is way to high unless you are already prepared to hold for long term if it later goes against your predictions. I might be wrong but I think those who are buying in large amount are whales and/or Institutional investors, and these sort of buyers are already prepared for long term holding, so anyone who is ready for that, can take the risk but as for me, I think it is the best time to sell or monitor the market closely to know when to sell. Also, from the look of things, Bitcoin tends to have more chances  to grow and achieve a new ATH, but that is just predictions which might not work or still work; hence the best way is, if you are ready for the ride and risk, then go ahead, if you are not then look elsewhere.

I am really glad to see all this response and to know that I am not the only person who brought now.
                          Just an update:
I was able to earn around 130$ through just holding and then I decided to encash them since for me that was enough for the time being and I was really glad that I was able to at least earn enough to support for half of the month.
I know bitcoins is going to cross our psychological barrier of 40,000$ but at the same time seeing all those articles where people are hoping that bitcoins might cross 100000$ therefore I believe if someone wants to take a risk then they should maybe go halfway. Take risks but don't be too greedy.
I might again invest more once I get some more savings in the upcoming days. Hope that everyone here is earning some passive income as well.
It's been amazing knowing bitcoins, this indeed is the only thing that helped my family, my studies and my rescue animals.
Plus I do think it would be a nice idea to invest in ETH also since they are the best trading pair and right now I believe it would be amazing for ETH too.

The market is way overbought already. The market is reaching prices beyond our expectations. The market is completely controlled by the bulls.
40k Resistance as of this moment is considered very conservative. Yes we will pass this and possible that it will happen anytime this month with the current trend of Bitcoin.
This is the question that I will ask again if it surpasses the $40,000 resistance. TBH, knowing when this bull run will end is very hard to know since we can't see any resistances right now. Lets just wait for Bitcoin to consolidate at least and we can tell which will be the resistance.

There are so many people struggling of thinking if they are going to buy or sell bitcoin, on my part, I keep on holding and buying bitcoin as long as I have to earn bitcoin then I keep on holding it. I know that bitcoin can still go up and can reach about $100k within this year, just like what other people have said, well I know that this is not for sure but I am still looking forward to this thing to happen. I will set my standard for that value before pulling it out.