Topic: Best time for me to buy - page 24. (Read 6527 times)
Best time is always unknown when it comes in crypto market, the volatility in high that we can’t predict whether it will go dipper or not since there are many factors that affects it price, the news, the economy, influencers and many more. We can buy anytime we can provided that we will not sell it in the lower price we bought it. Keep record of your buy and sell to know whether your still in profit or loss. If you plan to hold longer then buying now or later is still accepted.
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The problem (if we can call it that at all) is that a very small percentage of people even believe that Bitcoin is desirable as a long-term investment.
Excuse me for the paraphrase or misquote slightly on 2 parties I knew who got into Bitcoin, in 2017, and 2018, respectively.
One said: "Sometimes you don't have to understand it, you just have to get on the wave, because the tsunami's coming in a few years". This party sold in 2019. Was actually even more relieved in 2020 March (3k they thought was a bullet avoideD).
The other bought of course as Bitcoin was winding down from 20k, highly educated, whale type, making me look puny. Spent a lot of time qualifying his buy, from long-term perspective, economic future, etc etc. Long term, yay, great. Met him again last year when Covid was just lifting (before the second mini lockdown) and apparently had let it go for... Ripple.
And I've posted several times meeting long-termers who were in years before I ever had my first satoshis... who exited great fear of the future... right after the 20k ATH.
So what I've learnt is, even among the minority who claim that they believe Bitcoin is long term, many don't have the fortitude to stomach years of "winter".
Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?
30% of $40,000 is $28,000 which is the recent lowest price that Bitcoin has reached ever since it reached below the $30,000 price.TBH, it can reach that price since it already happened especially with what is happening right now.
Think of Bitcoin as a long term investment because if you think like that, you will realize that events like these are a good opportunity for you to buy not only Bitcoin maybe but other assets as well. Your plan will work as long as you think of a long term of holding Bitcoin. Buy Bitcoin anytime you want and just be ready if it goes lower. Be ready to buy at a lower price as long as you have extra money
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The problem (if we can call it that at all) is that a very small percentage of people even believe that Bitcoin is desirable as a long-term investment. As if there is some kind of collective memory loss that revolves in a closed circle and that negates the fact that Bitcoin has existed since 2009. Arguments that it is never too late for something to fail can be used for anything, but it best fits with something that people do not understand or that is not officially approved by world powers.
As we can see, the crypto market still consists of a smart minority who know what they are doing, and a majority that changes their minds every day depending on what they read in the media or what some influencer says on social media.
But whatever it is, only you know when is the right time to buy bitcoins and how much money you want to use to buy bitcoins.
This is a rather difficult thing to know. The bear is still on and nobody know when the bull will come and also OP can't determine that. I think now is still a better time to buy bitcoin because it has dropped more than 50% from the ATH coming down now at 38k, investing now is still right and possibly price may begin to rise now that Fed increase rate and inflation can push more investment into bitcoin.
I mean how far along are you thinking of when investing? If it's more than a year or two then yea, this is a pretty good spot to enter in imo. Wanting to wait for a lower price may be a good idea, but that's just a loop you're gonna keep on entering, later on, might as well just do it now imo (especially if you're looking for the long term). If you were planning to day trade then I'm pretty sure it's always a buy since you're going to immediately sell anyway after getting a bit of profit, then rinse and repeat.
Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?
The current price is perfect for accumulation because it’s already between the old support and the current strong support. Accumulate in tranches so that you can have an average buy price when price go south. Microstrategy margin call price was 21K and I doubt they will allow the price to go near that since it will a disaster for them. Currently 30k is the strong support and will likely the final defense on this current dump. Price will bounce back near it.
For anyone who is thinking long-term (2+ years), moments like this are certainly a good investment opportunity. Some may say that given the current course of events, it is not unrealistic to expect an even lower price, but in a few days, the price may increase by 10%.
However, given inflation and the fact that fiat is losing its purchasing power at an incredible rate, people need to find a way to protect themselves. Some may invest in gold or other precious metals, others may see an opportunity in something else - but everyone should consider directing at least part of their investment to Bitcoin. All of us who have been investing in BTC for more than 5 years know that it has paid off in many ways.
However, given inflation and the fact that fiat is losing its purchasing power at an incredible rate, people need to find a way to protect themselves. Some may invest in gold or other precious metals, others may see an opportunity in something else - but everyone should consider directing at least part of their investment to Bitcoin. All of us who have been investing in BTC for more than 5 years know that it has paid off in many ways.
Definitely not fewer than two years, agreed. Buying now even will likely have you grimacing in pain for the next two years. Similar to when you bought in 2018... So if you are the kind to sweat every day checking your portfolio, just buy regularly with no expectations... Other than you will be staring at massive losses in the short term.
Again, just based on my relatively short experience and those who came in later.
It is a very good plan.
But investment can be different from trading, if you want to invest, you can do that and do not sell even if the price continue to reduce, it will get to a level it will increase and you will later make profit.
Even if you have both at $40000, the price can not get liquidated and you do not use any margin ratio, just buy and leave your coin and be calm but be expecting good return.
Am investing, I understand buying when the price was at $40000 was not bad at all but I have always crave to buy at $30-$35 for a longtime. So I think this is an opportunity for everyone who can buy at this price to Hodl because if the price eventually hits to $55-60 at any given time, it gonna put a good smile on the face.But investment can be different from trading, if you want to invest, you can do that and do not sell even if the price continue to reduce, it will get to a level it will increase and you will later make profit.
Even if you have both at $40000, the price can not get liquidated and you do not use any margin ratio, just buy and leave your coin and be calm but be expecting good return.
I believe the bull run will appear again.
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You can buy bitcoins whenever you want and don't have to wait too long. But it's better if you place a purchase order at the target price you want. For example, say you want to buy bitcoin at $39k. You can place a buy order at that price or lower so that if the price drops a little, your buy order can be filled. But whatever it is, only you know when is the right time to buy bitcoins and how much money you want to use to buy bitcoins.
A good strategy in general is to buy when no one wants to, and if you do a quick analysis, you will find that the excessive optimism of reaching 100 thousand dollars has ended, and therefore it will be an ideal opportunity if you want to build long-term positions.
These positions extend from 2 to 5 years, and therefore a correction that takes you back to the levels of 20 thousand should be taken into account.
In general, I advise you to invest 50% for now and wait. If the price drops more, invest more and so on.
These positions extend from 2 to 5 years, and therefore a correction that takes you back to the levels of 20 thousand should be taken into account.
In general, I advise you to invest 50% for now and wait. If the price drops more, invest more and so on.
Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?
If you doubt Btc might still drop below $35k or even $30k, you could actually buy gradually. Fractions after fractions everytime the price dips. Just so in case you wont miss the opportunity to buy at a lower price.
We got a lot of opportunity before when Btc was $1k or even $10k, but one common thing most people say "the price might be too high to buy".
Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?
Your opportunity is here now, so you just need to log in and start making purchases because bitcoin is on discount right now. A bitcoin accumulation strategy when the price drops is the best way to get more bitcoins at a lower price than before, but you also need to consider DCA because price drops are still possible even if you firmly believe that a recovery has occurred.Buy on dip is a good strategy nowadays to expect profit, but always do whatever you can afford to lose because we don't really know what the future holds even though bitcoin has convinced us of its potential.
For anyone who is thinking long-term (2+ years), moments like this are certainly a good investment opportunity. Some may say that given the current course of events, it is not unrealistic to expect an even lower price, but in a few days, the price may increase by 10%.
However, given inflation and the fact that fiat is losing its purchasing power at an incredible rate, people need to find a way to protect themselves. Some may invest in gold or other precious metals, others may see an opportunity in something else - but everyone should consider directing at least part of their investment to Bitcoin. All of us who have been investing in BTC for more than 5 years know that it has paid off in many ways.
However, given inflation and the fact that fiat is losing its purchasing power at an incredible rate, people need to find a way to protect themselves. Some may invest in gold or other precious metals, others may see an opportunity in something else - but everyone should consider directing at least part of their investment to Bitcoin. All of us who have been investing in BTC for more than 5 years know that it has paid off in many ways.
What do you think about my plan?
It's your decision, and it might actually be a good decision. But for a stupid pleb like me, I have all of my bids ready near the 200-week SMA line, which is currently $21,733.49. The price is moving to some point that makes a crash to, or near the 200-week SMA line more and more possible, and it always touched the line during bear cycles. I believe it could be as early as next month, or as late as 2023.
It is a very good plan.
But investment can be different from trading, if you want to invest, you can do that and do not sell even if the price continue to reduce, it will get to a level it will increase and you will later make profit.
Even if you have both at $40000, the price can not get liquidated and you do not use any margin ratio, just buy and leave your coin and be calm but be expecting good return.
But investment can be different from trading, if you want to invest, you can do that and do not sell even if the price continue to reduce, it will get to a level it will increase and you will later make profit.
Even if you have both at $40000, the price can not get liquidated and you do not use any margin ratio, just buy and leave your coin and be calm but be expecting good return.
Am investing, I understand buying when the price was at $40000 was not bad at all but I have always crave to buy at $30-$35 for a longtime. So I think this is an opportunity for everyone who can buy at this price to Hodl because if the price eventually hits to $55-60 at any given time, it gonna put a good smile on the face.
Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?
yes this is the right time, and don't worry if it fluctuate more below. Instead take it as a opportunity to add more because when it start to bullish surely it will try to reach the current ATH again or to break new record this year and if that time happens it will be a bad idea to catch the price because of FOMO or whatever it is that can cause market to change direction. So while there's an opportunity go for it, as long as your investing for long run and you already have target price no need to worry because you still have a chance to recover those losses and to have a good return in the future.. Remember bitcoin is already proven and tested despite of the situation, so better to make decisions while it's not late!
losing 30% is to go about $25k which is an extremely hard thing to happen. price is even struggling to stay this low.
always keep in mind that whales are those who buy the dip
It is still very possible the price can go low up to $25000, it is not hard at all to notice that it is possible if you checked the price of bitcoin in history. I am not saying it will happen but it is possible. But even if it happens, there is nothing bad to buy morenand what that matters the most is is that even if the price reduce below $25000, the price will still rise and the person will make profit. always keep in mind that whales are those who buy the dip
Not only whales are buying the dip, other people are also buying the dip, even people that have not bought bitcoin before that are interested will want to buy this time for not to miss the noad once again, also people that have known about cryptocurrencies but just want to invest because of how they have missed that time will want to invest.
losing 30% is to go about $25k which is an extremely hard thing to happen. price is even struggling to stay this low.
always keep in mind that whales are those who buy the dip
always keep in mind that whales are those who buy the dip
It is a very good plan.
But investment can be different from trading, if you want to invest, you can do that and do not sell even if the price continue to reduce, it will get to a level it will increase and you will later make profit.
Even if you have both at $40000, the price can not get liquidated and you do not use any margin ratio, just buy and leave your coin and be calm but be expecting good return.
The price of bitcoin will get to $40000 again, but the price has gone lower which makes it a very good time to buy more. But if you have never bought before, it is a good time to buy. You may not buy at once, as the price is reducing, you can continue to buy until the bull market starts again and you will make profit.
But investment can be different from trading, if you want to invest, you can do that and do not sell even if the price continue to reduce, it will get to a level it will increase and you will later make profit.
Even if you have both at $40000, the price can not get liquidated and you do not use any margin ratio, just buy and leave your coin and be calm but be expecting good return.
The price of bitcoin will get to $40000 again, but the price has gone lower which makes it a very good time to buy more. But if you have never bought before, it is a good time to buy. You may not buy at once, as the price is reducing, you can continue to buy until the bull market starts again and you will make profit.
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