Topic: BTC back to All time high ..did you buy ? - page 4. (Read 820 times)

I don't really care about short-term volatility and I'm no longer an active trader so I did not do anything.

I'm very happy that it went back. I was expecting a much longer and deeper correction. It's all good, another proof that we are in a strong bull market.

My strategy is to hold and sell only when I need money. Bitcoin is a great hedge against high inflation and stupid governments. I happen to live in a country where there's plenty of both

I have been able to took advantage of buying some Bitcoin when the price have been lower down a little bit since the last ATH recorded which have happened right after the early days of January just days after Bitcoin goes to $30,000+ coming from the new recorded ATH $40,000. It feels me so good that I have took and grabbed the opportunity of taking advantage of the situation where the price gets a little bit cheap compared to the ATH price because I can still be able to gain profit once the price bounce back going to the original newly recorded ATH as of the moment. Actually it is not really an advisable time to buy Bitcoin by times like this but if you see some opportunity to gain even little profit or chance to acquire Bitcoin at lower price, some would really grab the chance to take the risk of doing that.

I haven't bought any now. It's not the very good time for buying when price is so high. It's not that I think it will not pay of once in the future but the price will drop at certain moment and it will be more favourable for buying.
Of course we can't predict when the price exactly will go up or down but if you have intention to buy it's always good to have some money extra so that you can react at favourable moment and invest. Dedicated investor is always ready.

Well, the problem is this, we don't know when the exact price will increase or drop. So, the buying points here are unknown since you are waiting for the market when it will cool down. For me, anytime you want you can buy bitcoin, but you can take down note of which price you start purchasing bitcoin so that you will know if you have gain profit. Indeed, big holders or rich people have the potential to hold bitcoin, for me, I can't able to sustain my whole month's budget if I had do that.

Bitcoin saw ATH again. However, it fails to maintain its level and is trading at the $ 38k range again. I think every level , buy level for bitcoin. because bitcoin is clearly advancing with corporate purchases. Even if it is a little, it is necessary to make regular purchases. Hodler would do that 

Around December 2019 I started paying attention to the news media that mentioned the huge gains in BTC.

I had a paper wallet I had bought just after the last BtC meteoric rise . I'd spent $500 , but as BTC fell as rapidly as it had risen, I wrote it off as a bad gamble.

Then In early Jan 2020, I started thinking I'd better sell, but was a member of no exchanges. and I still don't know more than how to buy BTC, except from an ATM ,at 15%.
 
Well , I finally sold my $500 paper wallet for $2200 on Jan 8th. That was the one time in my life I ever sold any investment at close to the top .

I watched it fall in the next few weeks, and started seeing all the negative news reports , politicians wanting to bann it ,and so on.

I was very much expecting BTC to whither and stay low, and sink into oblivion, because more and more politicians were speaking against it .

Now to my great surprise It leaped up one morning to within a few hundred $ of it's ath.
So now what do I do?? Obviously a lot of buyers believe in BTC rising even much higher .

Should I reinvest my $2200. I'd forgotten all about it, and can easily afford a loss.
 
I think I'll wait a few day's and reinvest $1700, which is my profit from BTC.

To me ,BTC as an investment is a pure gamble. Unlike stocks that you can read annual repots .

I find BTC ,now days to be a pretty exciting gamble again, Unlike stock that sits and bore you to death .    
    

I'm not following the price so closely and frankly, I don't think it matters that much. I sold a bit of BTC during this time when I needed the money, and was mainly hodling what I have but not buying more either. I'm not buying Bitcoin at such  a high price, I'm sure it will eventually fall down to at least $20k and probably less, so I'm kind of awaiting those days. Bitcoin didn't get more adopted and there were no other major changes that would justify the jump of the price from around $15k to almost $40k. So I don't see why the price would remain so high much longer either.

For me, all this resembles what happened in 2017. Back then, for the first 3-4 months of the year, the exchange rates were stable (after a 400% increase in 2016), and mostly remained at around $1,000 per coin. Then all of a sudden there was a rally and it took the exchange rate to $2,500-3,000 by June. Then again there was a brief lull, before the rally resuming in August-September 2017. For 2021 also, I am expecting the same pattern.

I bought bitcoin when its price break out from the sideaway market. Yeah, we have sen bitcoin price movement traded in the sideaway market in a few days. But, I've sold it a few hours ago, especially when its price closely touched $41000 area. I just worried that its price movement will forming a double top pattern because now its price just fall as well.

If the decreasing price countinue, I see on the 4 hours time frame it will fall to reach $28.000 for the second time as a strong support. But if the price is break down again then we will see another strong support that will be reached and $20.000 is the strong support. So, at this situation I'll see the movement price first before I made an entry, with two option if its price increase again and passed $42.000 then I'll again at that area and otherwise if its price continue to fall then I'll put my entry price in $28.000.

There is resistance around 40k$ in the market price of bitcoin, I think bitcoin already have what it takes to take a leap over 40k$ even its ATH is around 42k$.

At some point, we still couldn't pass it and the market price drop after reaching around 40k$ plus in the market, there are a lot of factors affecting these drop and it might be because whales are keeping the market price low in the market by selling some of their investment plus mining companies are still selling bitcoin may be for-profit or maybe there were planning to reinvest in the hardware for mining.

It's still a good thing for the market and it's pretty healthy that just means we could still buy bitcoin at a much cheaper price for sure when the market price skyrocket we will barely see bitcoin around 30k$.

At one time, I studied the history of the development of the BTC market and saw a cyclical nature in it. 2021 is the last year of the next cycle, which means that by the end of 2021, the price of BTC should be at a record high. Based on this, I allocated part of my personal funds and bought BTC with them. At the moment, I am gradually trying to increase the amount of BTC held and will keep it as much as possible until the end of 2021. Of course, I understand the risks of such a decision, and based on them, I also hold several altcoins. In any case, I confidently adhere to my plan and am confident that I will be able to get the desired profit.

The target has been reached by redeeming the $ 40,000 figure but it has corrected again and I would rather wait below $ 35,000 but if there is a slight change it is not impossible that I will buy $ 36-37k considering the price will surge again.
But I believe this will increase again a few moments continue to experience correction, therefore I think after buying it will have the right target for the price that has been pair.

It think we are a long ways off from seeing its final price point. For me it isn’t about buying chunks here and there, rather buying in small increments at consist stated time period ( or commonly referred to as Dollar Cost Averaging ).  With all the payment giants jumping on board ( PayPal and Visa most recently), I expect a lot to come and we are just getting started.

Everyone says that it is not too late to invest in bitcoin, we are just humans in the end, we will be doubting things and that is a very human nature to do. With the current price though it will be a tricky one because a big profit will not be available for you in the immediate future and hodling long term will be uncertain because emergencies can happen and those emergencies can land at the very worst time of the prices. But if you are aiming for a short term profit then you might as well go buy now, this might be the lowest price for awhile now. A little FOMO won't hurt and not talking about regretting not buying at x amount of price is getting older.

Nope, Bitcoin did not return to its ATH. The last ATH of Bitcoin was $42,000. The price of Bitcoin in this latest increase was only $40,000 plus.

I did not buy Bitcoin anymore. I don't have extra money for some more sats for now. Perhaps in the months to come if my savings will allow, I will add more sats in my portfolio.

My plan is just to continue to HOLD until such time that Bitcoin is already the main currency of the world.

Yeah many knows where it was heading but lucky for those bought  from dip. In my case I don't have money to buy and don't have holdings to sell. My plans for now is to find ways on how could I acquire Bitcoins as my future proof investment.

Me stupido sold at approximately $37.400 in order to buy again at a lower price. Well, let's just say that didn't really go according to plan. I'm planning to buy back the exact amount I sold, if the price ever falls back to that level.

This is why the logarithmic price charts are so important. Bitcoin has on many occasions demonstrated exponential growth, which means a linear chart effectively smears historical lower highs into irrelevance, and as such makes patterns difficult to identify. Compare the two charts below.

A) Linear. This suggests that early 2021 represents an improbable and unlikely to be repeated price peak, with a near-term price crash almost inevitable.


B) Logarithmic. This reveals a clear rising trend and the potential for considerable further growth this year. Perhaps even by an order of magnitude.

Hopefully the market will push out of the 40k by coming days, I think that we will be looking at a another resistance at around 60k if the pattern where 20k to 30k transition was smooth were to happen again. I have to say, if another ATH looms, I will be following my planned exit price, no matter how the market will still go up.

I wasn't able to buy bitcoin before the price goes, as a person who does not earn a huge amount of money, I am still afraid because the value of bitcoin is too high, I am still waiting for it to go down for $30k before I buy bitcoin, for now, I am focused on altcoins and tokens, it is not that too profitable but I am still contented with the earnings I am having with this altcoins and tokens.