BITCOIN CORRECTION: PERFECT BUY TIME - page 3.

el kaka22

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Quote from: cryptomaniac_xxx on February 26, 2021, 04:57:42 AM

The sign is already there, as we can see the price goes down again to $45k so I wouldn't say that you are catching a falling knife here. So this is another great buying opportunity for us, although my buy order is around $42k-$43k, but I wouldn't mind stealing some at today's price. And I will add that we are happy to see some corrections at this proportion because bitcoin will bounce back real hard @$60k next month.

Unfortunately not a lot of people see it that way, I do agree that price will be fine, however I am a bit more relaxed because I believe it is not going to be that shocking even if it drops to a level like 10k because I am a long term investor and bought much under 10k so even that wouldn't be a big deal for me, yet I may get upset about how much money I could have if I sold at top I could profit so much which means I should be worried too but I am not.

Of course bitcoin could drop a lot as well not like we have a secret that we are not sharing, however it is obvious that with so much money coming into bitcoin constantly non stop both from regular people but also from huuuuuge companies, it is unlikely that it would drop too much.

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Yes, but I think it would be better to be more patient to buy, because a sharp decline does not guarantee that for the following days it will rise quickly. In the near future I still believe the decline will still occur so yes, this period I don't think is the perfect time to buy. But if the price is in the 40k-45k range then I think that would be the best time, just to anticipate a sharper drop and consider the ATH value.

KryptoKings

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Quote from: Murpheus on February 23, 2021, 03:51:21 PM

I just checked my Metatrader charts today (in fact I use for analysis on crypto currencies majors)
Bitcoin has made a huge dip...
Some are wondering how deep this correction will dive...
Since predicting the market is all about probability I think the best time to buy is now 47,000- 43,000 range...
If you check it on the 4 hr timeframe, there was a resistance there before it broke out on the 12th of this month....
And if you are an experienced trader... A broken resistance always turns out to be a support...
If you want to buy....
Now could be the best time.... Am like 90% sure of that
My post is open to scrutiny....
Drop your suggestions!

Yes this is the time to accumulate. When btc reached $56k, everyone was wishing of having bought it when price was low.
This is the time if you don't want to curse yourself again during next bull Run which is closer than you think.

Wilhelm

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Quote from: Murpheus on February 26, 2021, 04:29:55 PM

Quote from: wheelz1200 on February 25, 2021, 04:42:41 PM

Its always the right time to buy. If you think bitcoin will be higher than it is on a given day at some point in time in which you are willing to wait for than cost average on the way down or on the way up, either way no sense trying to time crytpo markets. Its a losing strategy trying to bounce completely in or out of the market. Buy all the dips

This cost average strategy is what I will be looking into next... Already my prediction seems to be failing.... It made a mockery bull run then went all down hill again....
Is this cost average strategy not the same thing as buying all at once at the same time??

Hang in there. There is a positive upward thrust coming.
HODL for now...

Dollar cost averaging is a strategy where you buy/sell at fixed intervals to spread the price...

Murpheus

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Quote from: wheelz1200 on February 25, 2021, 04:42:41 PM

Its always the right time to buy. If you think bitcoin will be higher than it is on a given day at some point in time in which you are willing to wait for than cost average on the way down or on the way up, either way no sense trying to time crytpo markets. Its a losing strategy trying to bounce completely in or out of the market. Buy all the dips

This cost average strategy is what I will be looking into next... Already my prediction seems to be failing.... It made a mockery bull run then went all down hill again....
Is this cost average strategy not the same thing as buying all at once at the same time??

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Quote from: zanezane on February 26, 2021, 04:34:18 AM

Quote from: posi on February 26, 2021, 02:54:52 AM

Quote from: zanezane on February 26, 2021, 02:36:21 AM

~

Although every time is perfect to buy or invest in the market but despite that, every cryptocurrency traders/investors still need to know his limit in terms of making a profit which is what I think Luqman was trying to say when he every momentum of the market is not always the perfect time to enter the market and the last time I checked we still don't know when this bullish market will end.

The only limit should be how much money that someone should be able to use to buy cryptocurrency, if you were to wait for it to really go down then you might be missing out something. Like everyone says about how they do not know when will bitcoin price stop from going up, that same thing applies with the price going down, if you were to buy when the prices are down and it still sloping doesn't really matter, what matters is that you didn't let the opportunity to buy at lower price and what if you didn't buy because you believe that it will go down further but the next day it suddenly reached another ATH?

The amount of money an investor/trader can invest shouldn't be the only limit cause some additional perspectives also need to be added in other not to make a wrong investment decision.
Having much thought in not missing the dip trend the market present can lead to greed and making a loss why not let the market make a new ATH price if it wanted since there will always be a new opportunity in the market. Mind you after this bullish market blood bath will happen.

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Quote from: Murpheus on February 23, 2021, 03:51:21 PM

Now could be the best time.... Am like 90% sure of that
My post is open to scrutiny....
Drop your suggestions!

I could have said same becasue of the current market movement but that won't be possible now. The institutional buyers have taken into some sort of hiding to allow the market dippen the more before they buy up again, when this correction came into play, i thought it to be around the $50k but later went down to $48k and currently seem to be moving further from what i called the support. Possibly, my suggested point to buy Bitcoin is when the price hit $30k

Wilhelm

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Quote from: snipie on February 26, 2021, 11:00:00 AM

Quote from: Wilhelm on February 26, 2021, 08:49:39 AM

Quote from: Ludmilla_rose1995 on February 26, 2021, 02:59:50 AM

Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?

Apparently March is a traditional sucky month but we have a 4-6x increase coming if history repeats itself...

I wouldn’t wait to long with the buyback. Optimizing your coins now can make you miss the train. Don’t be greedy. HODL to the top... then sell and buy back in 300 days at 35k or so...

That's true, this time of the year isn't the best for the price of bitcoin. However, this new low may attract more people or organisations to join the race and buy some coins. Tighten your seat belt, it's gonna be a wild ride soon to the new ATH Cheesy

The new low at $35k after it came down from well above 100k will be scary as fuck but that’s how you make money. You should down a bottle of whiskey and go for it and don’t look back until at-least after the halving...

snipie

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Quote from: Wilhelm on February 26, 2021, 08:49:39 AM

Quote from: Ludmilla_rose1995 on February 26, 2021, 02:59:50 AM

Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?

Apparently March is a traditional sucky month but we have a 4-6x increase coming if history repeats itself...

I wouldn’t wait to long with the buyback. Optimizing your coins now can make you miss the train. Don’t be greedy. HODL to the top... then sell and buy back in 300 days at 35k or so...

That's true, this time of the year isn't the best for the price of bitcoin. However, this new low may attract more people or organisations to join the race and buy some coins. Tighten your seat belt, it's gonna be a wild ride soon to the new ATH Cheesy

Wilhelm

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Quote from: Ludmilla_rose1995 on February 26, 2021, 02:59:50 AM

Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?

Apparently March is a traditional sucky month but we have a 4-6x increase coming if history repeats itself...

I wouldn’t wait to long with the buyback. Optimizing your coins now can make you miss the train. Don’t be greedy. HODL to the top... then sell and buy back in 300 days at 35k or so...

cryptomaniac_xxx

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Quote from: ?? on ??

Be careful, it is not always a perfect time to buy. You must know how the market will go first, if you see the market will improve or recover in the near future, then it is the time to buy. You must know the word "don't get a falling knife", right? It means, we must wait first for the sign that the correction already reached the lowest level. Then, it is time to buy if the price of crypto coins start to grow again gradually.

The sign is already there, as we can see the price goes down again to $45k so I wouldn't say that you are catching a falling knife here. So this is another great buying opportunity for us, although my buy order is around $42k-$43k, but I wouldn't mind stealing some at today's price. And I will add that we are happy to see some corrections at this proportion because bitcoin will bounce back real hard @$60k next month.

zanezane

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Quote from: posi on February 26, 2021, 02:54:52 AM

Quote from: zanezane on February 26, 2021, 02:36:21 AM

~

Although every time is perfect to buy or invest in the market but despite that, every cryptocurrency traders/investors still need to know his limit in terms of making a profit which is what I think Luqman was trying to say when he every momentum of the market is not always the perfect time to enter the market and the last time I checked we still don't know when this bullish market will end.

The only limit should be how much money that someone should be able to use to buy cryptocurrency, if you were to wait for it to really go down then you might be missing out something. Like everyone says about how they do not know when will bitcoin price stop from going up, that same thing applies with the price going down, if you were to buy when the prices are down and it still sloping doesn't really matter, what matters is that you didn't let the opportunity to buy at lower price and what if you didn't buy because you believe that it will go down further but the next day it suddenly reached another ATH?

somac.

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It's really very simple.

Buy low, sell high.

Well the price is low now, so buy buy buy.

mich

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The price of bitcoin is down 10% in the last 24 hours and down almost 13% in last 7 days.

If someone is looking for the perfect buy time then I think this is a good opportunity.

I dont think the price per coin will drop much lower then $45k.

MCobian

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I did not expect that the price of Bitcoin could drop to $ 44k, finally the $ 45k support price was not strong enough to withstand the fall of
the Bitcoin price. If like this it is possible that the Bitcoin price could go down to the next support price at $ 38k, but based on my analysis
the Bitcoin price is unlikely to fall below $ 35k. So keep calm for Bitcoin holders, if you want to buy Bitcoin I suggest waiting until the Bitcoin
price is about $ 40k.

Ludmilla_rose1995

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Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?

posi

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Quote from: zanezane on February 26, 2021, 02:36:21 AM

Quote from: ?? on ??

Be careful, it is not always a perfect time to buy. You must know how the market will go first, if you see the market will improve or recover in the near future, then it is the time to buy. You must know the word "don't get a falling knife", right? It means, we must wait first for the sign that the correction already reached the lowest level. Then, it is time to buy if the price of crypto coins start to grow again gradually.

If you are in bitcoin investing for the long term, why wait for the lowest point when you know that any time is the perfect buy time, its just that at this moment the price were down so they are far better time to buy. There is risk that when the dip that you bought is not the lowest point but that is not the point, the only thing that you need to think is that it can't go down forever so you just have to buy more at lower prices and wait for it to go up again and get a bigger profit.

Although every time is perfect to buy or invest in the market but despite that, every cryptocurrency traders/investors still need to know his limit in terms of making a profit which is what I think Luqman was trying to say when he every momentum of the market is not always the perfect time to enter the market and the last time I checked we still don't know when this bullish market will end.

zanezane

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Quote from: ?? on ??

Be careful, it is not always a perfect time to buy. You must know how the market will go first, if you see the market will improve or recover in the near future, then it is the time to buy. You must know the word "don't get a falling knife", right? It means, we must wait first for the sign that the correction already reached the lowest level. Then, it is time to buy if the price of crypto coins start to grow again gradually.

If you are in bitcoin investing for the long term, why wait for the lowest point when you know that any time is the perfect buy time, its just that at this moment the price were down so they are far better time to buy. There is risk that when the dip that you bought is not the lowest point but that is not the point, the only thing that you need to think is that it can't go down forever so you just have to buy more at lower prices and wait for it to go up again and get a bigger profit.

maydna

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Quote from: ?? on ??

Be careful, it is not always a perfect time to buy. You must know how the market will go first, if you see the market will improve or recover in the near future, then it is the time to buy. You must know the word "don't get a falling knife", right? It means, we must wait first for the sign that the correction already reached the lowest level. Then, it is time to buy if the price of crypto coins start to grow again gradually.

The perfect time to buy bitcoin is when the price is down deeper, but we can't detect when that time will come. It is no problem if we can't get bitcoin at the lowest price because as long as we can buy bitcoin at the lower price in the downtrend, that will be a perfect time for us. We must analyze the market before doing something because the market can turn up after down for a while. But we never know when the correction reaches the lowest level, so if we can buy at a low price, that will not be a problem.

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Quote from: ?? on ??

Be careful, it is not always a perfect time to buy. You must know how the market will go first, if you see the market will improve or recover in the near future, then it is the time to buy. You must know the word "don't get a falling knife", right? It means, we must wait first for the sign that the correction already reached the lowest level. Then, it is time to buy if the price of crypto coins start to grow again gradually.

Once you see some stability happening and prices being settling around that range then always have a proportionate amount to start buying from those levels. You can obviously buy later on too on further dip, but at this time when big institutional investors are involved and with their huge qty the price surge can happen real quick and do not want to miss out that further ride by staying away from it.

Topic: BITCOIN CORRECTION: PERFECT BUY TIME - page 3. (Read 642 times)