Topic: BTC is growing, great, however it's still extremely cheap! U need diamond hands! (Read 308 times)

Well, it's better if we think more broadly and be more optimistic, I can still imagine that it will be much greater when the time comes. Here the problem is certain news that can make a lot of people doubt/less believe in the greatness of bitcoin. However, hopefully with the price movement going up.. the beginners can have more confidence and get a positive effect from this.

Here I go long on Bitcoin and it'll go up. Bitcoin volatility feature only worried you if monitor at every seconds, and such traders always are going freaking out. If you do, I suggest you should keep calm and go for long term. We haven't even made new market structure, let the market go on its way.

Of course it's difficult to predict, that's why they call it volatility because they know how it's movement is unpredictable. And the way that you described bitcoin moving in unexpected is also volatility.

I was hoping for a silly price to appear like 15k though I never imagined it would last longer then a rainbow after a heavy rain storm but this time we didnt get that far so I wouldnt say extremely cheap but certainly a good trade to be had.   I think for now I will be watching for strength and consolidation after we resolved above the previous range which had held in Jan of this year also.  If we stay above that range say 39k or so then its somewhere to consider entering again but always its at some risk and consideration while doing so.
   I'll be watching 50 day moving average for momentum because that marked the lows in our most turbulent but also fastest growth periods this year, we are above but I dont assume it will be an easy journey.  I saw at least one trader state 100k is a feasible end to this year, Im not yet this optimistic but I'll post the screencap of that chart for those who want a pipe dream.

Short term traders or those who short bitcoin are going to get REKT if the price continue to grow.

For the cheap price, it's not for the majority of us, that's why there are bears who really wanted to pull the price and then they will enter and turn in bulls after that. But what we can do is just to continue to accumulate as many as we can, it doesn't mean that you will purchase 1 btc, it could be a few sats and then save it for many years. Whales are definitely ready to buy from anyone regardless of the price.

Not really cheap in a manner that we all failed to buy while price hasn't yet reached $20k if I'm right on that certain aspects. Based on historical ATH last $60k, well in fairness that's cheap enough but what we're looking for now is the power of whales that can dominate the market. With this one, I believed they all have the capacity to create a good trigger points before another huge explosions will initiate.

Day traders yes move around and sell their btc when btc even moves up a bit and buy back when it goes down. I agree that BTC is going to yield a huge money if its bought now and sold after few years when it really touches minimum $100 which is not far obviously. However short term traders whose entire job is depended on trades, would always try to make a small profit shot moving back and forth.

Market manipulation due to fud news spread as headlines in the crypto community and there are parties to the market crash for trading profits, they end up buying back when the market is normal when support will dominate the market. Be wise to respond to fud news and control your emotions.

The rise and fall of the Bitcoin price is difficult to predict. Not only is it volatile, the price of Bitcoin sometimes moves significantly suddenly at unexpected times. But if bitcoin gains adoption for long-term hoarding purposes or for short-term spending on speculation, the bitcoin price will rise significantly in the future. The high speed on the chain and the low speed off the chain indicate that bitcoin is increasingly being used for speculation and not for the store of value.

if we compare the current price of bitcoin with its highest price, of course now this price is quite cheap, but what we need to do now is to be able to take advantage of every opportunity that exists to make a profit and one of them is by buying bitcoin at a low price, we always trying to wait for the price of bitcoin to continue to rise but without any preparation with the amount of bitcoin in our wallet, when the bitcoin price returns to high we just act as spectators and see other people get big profits for their courage to buy bitcoin today.
 I personally agree that now is the right time for us to buy bitcoins and save them for the future.

Extremely cheap? No, it's not that anymore.
Of course, the growth potential is there, I'm totally positive that the price will continue to grow but the returns will be completely different from what they were in the past. For years ago we were at 3k we have experienced a 20x increase, do you honestly see $1.2 million in another 4 and $25million in 8 years?
It's still one damn good investment that long-term will probably beat anything else even with this price at the starting point but the days you could get rich with just a few hundred $ by just buying and holding are long gone.

And if we talk about the price as in one BTC, that hasn't been cheap for a long time, half of this planet will never have enough wealth (not cash money) to buy one in their lifetime, not even speaking about having the extra money to simply invest that amount.


Not everyone likes to gamble (because right now that's what it is) with a lot of money and risk missing a huge opportunity just because of some manipulation, I don't think that even dog races aren't this rigged as the crypto market. I see it as one thing to play around with small 100-1k positions and so gain some extra spending money for the month and a totally different beast to risk your savings on these trade swings. I know I'm bad at predictions and anticipating stuff and a lot of people are simply cautious like me.
We know of the opportunities, we know it's possible to make in a few days of trading more than you'll do by holding for years but the risks are simply to much.

The price isn't cheap as said, it is cheap based on thee price predictions for the future put forth by expertise people. Investing at this cost is really good, unlike the price it is possible to buy any smaller denomination. So, it is advised to buy and hold based on the financial ability.

What we think now could've been thought by users few years back when the price was around $5000, but they might have not bought at that price. Same as that now we'll talk about it, and only a few will buy and years later we feel of missing the opportunity.

That's to be expected, bad news are sometimes used by people that wants to make money out of bitcoin if it goes down or some of them can use it as an opportunity to buy at a cheap price. Of course it is growing, I mean that's what a credible investment do, which is go up in value.

Yes, bitcoin is still cheap because bitcoin can be back to $64k in the future and I am sure that price will be more than that. Bitcoin still has a long journey and will not stop for just 5-10 years, so we have our time to accumulate more bitcoin from now. Even if the price increases to $50k, that is still a good price to buy more. But we do not have to buy a whole bitcoin if we can not do that because we can buy bitcoin from a small fraction. The whales still search for the right time to sell their bitcoin so while they are not doing something to the market, we should use this time for our benefit.

In my opinion, as long as the price of bitcoin is predicted to continue to rise to a very high price and if it has not reached the highest price it will be called the price of bitcoin is still cheap.
and to buy bitcoin at any price you always have a chance to get a good return and make a purchase within your means and hold it for the long term, even if the price suddenly drops, actually the drop is your chance to buy it again and hold it again.
keep doing things like that until the bitcoin price is really expensive.

You say... "the whales are still lurking in the deep waters" ....but I beg to differ, because these guys are Orca's!!... they are calculated killers that are working in a pod together to kill of the competition and all the small fish and even members of their own pod.

Let's not forget how these Orca's colluded together to trap one of their own and then triggered a massive sell off that brought us to where we are now. (From $60k to $30k in a few weeks)  

We need to have diamond hands to keep the coins out of the Orca's jaws ... because that gives them power!

I hope that I will be able to do the hodling for a really long time because I really want to be able to make a maximum profit out of the coins that I am hodling although I have no diversification yet so I have no other means to make money.

All what has been said is true, the 21 million coins make it easy for price to keep going up so as long as we keep the demand high to unleash bitcoins true potential.

But the future is uncertain as crypto users are the people that give it this power,  sometimes it scares me thinking about what would happen if every one choose to move money out of bitcoin and pump Ethereum for example as I see it not to be impossible,
would btc still hold any value. 

Well, if you look at the long term future, the difference between $10000 and $50000 is not so important. Future predictions with this market make me very confident in what I am expecting, looking at them like OP said, BTC is indeed still very cheap.

W cant blame them as they have no concrete idea about what this market is and how much they ar losing from regretting to invest in this market so maybe in some time after another ATH been reached .

specially if you know how to deal in this market and knows how or when to buy and sell.

This makes this investing more colorful and worth a wait.