Topic: Buy in or opt out? - page 5. (Read 602 times)

If you are going to invest for long term, much better to enter the market at around $6500-$6700. However, its also ripe to do daily trading, as we might see a recovery for above $500. However, it really saddened to see the price goes down again, I'm travelling in the last 4 of days and I'm surprised to see it < $7K. But I'm not losing hope, I still believed that this is not yet over and a break out run for happen anytime soon.

I believe that this can worsen the situation of the market. So, I think we should not sell our holdings. Don't panic sell. Never do that thing.

It looks like a buy time but being a haste to do the buy won't be too nice. I would suggest a$6,000 mark buy order but if it doesn't hit that and moves up to $7,000 , you just move in too.

I also think it will fall again but that will happen after bitcoin rises from $6000 so we will not see $5000 or such dips, it is very good price for buying to me.

at this point doing nothing is the best strategy if you ask me.
however, you can always place some buy orders ahead of time at price levels that you think can be hit and at least a couple of very lowball buy orders. for example you can assume $6500 is the bottom so you place the bulk of your orders there and then place some around $6000 and one at $5500 as the lowball.

The moment we bought bitcoin, we must understand the risks obviously, therefore it's like gambling but on much better view since the risks in buying bitcoin is worth a shot. Now that the price is drastically falling down, why we should dump in the first place? To minimize the loss? Just think of it, people want minimize the loss then used that amount to purchase again another rounds if ever the price will goes down. Again "if ever", what if price increase later on? It's difficult to accumulate especially for the average bitcoiner. The buying rate on some of the exchanges is way too much. So if already have some bitcoins on hand, then as much possible hodl it while at the same time increasing the quantity of it if possible.

If the goal is just to hodl then disregard any price movement. If you have guts then just move forward even seeing your bitcoin value drastically falling down. Challenge it as you have thousands of reasons why you should do hodl.

For me, it seems that we needed to assess much deeper, the market movement is really hard to predict, for sure there's some reason behind this fall and making a decision to our next move might need deeper study, lets put it this way, another exchange was hacked and for some reason the timing of the downfall really hits the dip value of crypto, I guess its not the final blow for dumping those coins which already enjoyed by those hackers who did this hacks, then again same pattern last year and the value went up without our notice.

Option 3)  wait it out.


It's easy to get caught up in all the people making a big deal out of nothing,  but take a step back and wait.    If the market drops more,  then buy.   I'm really waiting to see if we tank further.    If the market rises,  then awesome we are seeing some green.    No biggie either way!

I think the bitcoin will fall again, so I do not think this time is the right time to buy, it looks like bitcoin will be under $ 6000.

I prefer to buy, because maybe this is the right time to invest in a downed price hoping to earn big profits later on.

No doubt in my mind, this is definitively the best time to enter crypto if you didn't already.
BTC is down to 6700$ and maybe it'll go as low as $5k as some say it will, but after that the bull run is expected. It's all risky but I firmly believe that $20k will happen again in the near future. It all depends on how much money do you have at your disposal to invest.

I guess I will opt out for now because of my analysis and from it, I speculate that bitcoin will reach 3580-4000 USD price range(and will only buy when it reaches this point) and it will be its new floor price. My analysis was based on the saying that "history will repeat itself" and from thinking that way, I calculated the percent of loss bitcoin suffered from the last dump after Mt. Gox incident. Either way, if it doesn't happen it is still a win-win for me because I already hold some bitcoin in my wallet.

The price is crashed to new low value.Don't get panic for the fluctuation,this is the time to get more bitcoin at low price.This is new opportunity for the new investor.When the price increase to 10,000$,just imagine how much dollars you will get.For a bitcoin you will get 3300$ profit alone.

The best question in my mind is, would you buy the dip or opt out because the market keeps getting down? Isn't it good to buy in because it is getting down and the best time is buy the dip? Simple analogy when you are in trading game. You don't opt out just because bitcoin is going down but it is an opportunity to buy more.

Before saying anything at the end of the day this is your decision and only you know your tolerance threshold, and obviously, I'm not a financial advisor, so decide on your own discretion.

As someone who's done lots of trading, I can go ahead and tell you that you are not going to buy at the bottom if that is your goal.  Even if bitcoin were to drop 15-20% after you purchased it I still think you would be more than safe at this point with some patience.  You didn't buy at the top.. you waited til there was blood in the streets.. and you even made it to capitulation before asking this question.. you are going to be a very good trader if ytou aren't one already.  If you are unsure what to do I would ladder into your position (nibble at first, big bites next, huge bites 3rd)  so you cost avg down if it drops.. and if it doesn't you can buy the breakout when you feel like its safe.  Even if you miss the bottom by 1500$ or more you could still scalp alts to make up the difference since no matter how bad BTC does.. alts will do worse (just make up the difference though, dont get too greedy). Bitcoin ETF murmurs are getting serious and I'm telling you 25-40k seems possible even still this year.. and its even more exciting even with the dip because we're breaking down out of this boring symmetrical triangle pattern and can form something new and exciting.  I personally think we could see one or two more drops still, but I'm already layering in some longs with tight stop losses just to be aggressive. I think you'll know for sure when the bottom has been found because the volume should be noticeable and not just on the sellside action.

Good luck, hopefully we can go permalong after this for a while.

in this market when you are in doubt the best course of action is to simply stay away from it. just keep holding your fiat (USD,...) until your doubts are lifted or at least reduced to a level when you can feel confident enough to buy back in.
this may mean losing some opportunities such as buying the very bottom but it is always best to be safe than sorry.

Absolutely buy in, the reason behind the falling is clear, it's due to the exchanges being hacked, and bitcoin price will go up for long term, I don't see anything that can make me lose money if I buy bitcoin now, I just need to be patience and when the situation already heal up, the price will be going up again

I would just wait for the price to go under 6000 USD or maybe under 5000 USD and I will start buying.
The only bad decision would be the sell all your bitcoins.Just HODL and buy some (if you have any money to invest).Such prices falls happen every summer.2016 it was the Bitfinex hack,now it`s some small Korean exchange being hacked.Last year was an exeption.

market is crashing but not to worry because it is not the final fall that will happen and never get recovered. It will soon be recovering and rising above 10k. So an time to invest in the down market to get the good gains in coming months only. Do not do panic selling as it can worsen the market situation.

With the markets experiencing a fall that kicked in around 24-hours ago and Bitcoin falling down to the 6,700$ mark, would you buy in or opt out?