Buying at 35k? - page 10. | Bitcointalksearch.org

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Quote from: mich on November 02, 2023, 01:35:08 AM

Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

I do not think 35,000 is too expensive to buy Bitcoin. I think we are now seeing 'bullish' signs and there will be lots of profit and higher Bitcoin price then 35,000.
If you know Michael Saylor and MicroStrateg he has bought more Bitcoin. In last month October he did buy 155 more Bitcoin for $5.3 Million. When this man is 'bullish' like that it makes me feel we are going up.
https://bitcoinmagazine.com/business/microstrategy-acquires-an-additional-155-bitcoin-for-5-3-million

It is too expensive compared to last year's low price of $15k, but still too cheap if our target is the next bull season and will only sell when bitcoin reaches $100k or more. Those who have not collected many bitcoins but still continue to hesitate because they think it is expensive will have to pay the price for their greed, later they will have to buy at a higher price of 35k$ if they do not buy now. If we are long-term holders, why do we still care so much about bitcoin's short-term price? That just prevents us from filling our pockets with bitcoin.

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Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

I do not think 35,000 is too expensive to buy Bitcoin. I think we are now seeing 'bullish' signs and there will be lots of profit and higher Bitcoin price then 35,000.
If you know Michael Saylor and MicroStrateg he has bought more Bitcoin. In last month October he did buy 155 more Bitcoin for $5.3 Million. When this man is 'bullish' like that it makes me feel we are going up.
https://bitcoinmagazine.com/business/microstrategy-acquires-an-additional-155-bitcoin-for-5-3-million

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For individuals it’s probably hard to buy at this level because it’s gone up so much in the last couple weeks. However, the big banks that are accumulating everyone’s BTC are eyeballing a price in the six figures range, so they don’t see this as expensive, they see it as a great opportunity to stack coins on the cheap.

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Quote from: Falconer on November 01, 2023, 04:34:05 PM

Quote from: Wiwo on November 01, 2023, 03:42:25 PM

Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

-snip-

Bitcoin was before the 2022 market crisis.

OP can buy at any price if he wants to hold his bitcoins long term. Buying at $45k was the peak especially in the last 1 year, but $35k is half of the previous ATH that occurred in 2021. I'm sure he's worried, but he should be more optimistic that bitcoin will become more expensive in the following year.

In the last hour, bitcoin price has broken its new resistance above $35k. I'm sure this hasn't stopped and it's certainly a nice improvement at the start of November. There are greater hopes in the future that should not be missed, but risk considerations should still not be ignored.

Yeah, there is no doubting the fact that bitcoin is going to do an x2 at minimum at a time high of the current market price, so for sure buying bitcoin at the current price indeed places you in a far better position in preparation for the time ahead, bitcoin even at 45k is still a discounted price, but anything above 50k is now becoming a red zone unless you be willing to hold for a 5-year cycle bit then DCA in between at some point, because that is the most appropriate at some point if you want to take profits along the ways up while you pick up the bits as you lay hold of some of the few discount prices that are being presented by Bitcoin market volatility from time to time.

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Really nice seeing the price at 35.3k, I think the FED pausing rates at the FOMC meeting today has contributed to the price rise. Everything is really lining up well to have a monster 2024 & 2025. I don’t see many things that could ruin the bull run now unless we have WW3 or the worst recession ever. I’m quietly confident that we will have a very bullish couple of years coming up.

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Quote from: Wiwo on November 01, 2023, 03:42:25 PM

Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

-snip-

If you planning to hold for the long term, let's say you have the next bitcoin halving and possible new all time high in mind, then I can say you may go ahead to buy at 35k price since the next all time high price will double your current bought price and that makes you to be at gains also even if you bought at 35k+, so the bottom line of this is that you have to make up your mind and only bought an amount you can afford to hold for long when you buying Bitcoin when the price is relatively higher even if not at all time at the moment of buying.

The recent market events have indeed raised a lot of speculations in the market and that also has made it look as if it is a high price at 35k even though that price is still a discounted price if compared to what the price of Bitcoin was before the 2022 market crisis.

OP can buy at any price if he wants to hold his bitcoins long term. Buying at $45k was the peak especially in the last 1 year, but $35k is half of the previous ATH that occurred in 2021. I'm sure he's worried, but he should be more optimistic that bitcoin will become more expensive in the following year.

In the last hour, bitcoin price has broken its new resistance above $35k. I'm sure this hasn't stopped and it's certainly a nice improvement at the start of November. There are greater hopes in the future that should not be missed, but risk considerations should still not be ignored.

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Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

If you planning to hold for the long term, let's say you have the next bitcoin halving and possible new all time high in mind, then I can say you may go ahead to buy at 35k price since the next all time high price will double your current bought price and that makes you to be at gains also even if you bought at 35k+, so the bottom line of this is that you have to make up your mind and only bought an amount you can afford to hold for long when you buying Bitcoin when the price is relatively higher even if not at all time at the moment of buying.

The recent market events have indeed raised a lot of speculations in the market and that also has made it look as if it is a high price at 35k even though that price is still a discounted price if compared to what the price of Bitcoin was before the 2022 market crisis.

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Quote from: TimeTeller on October 31, 2023, 06:00:54 PM

Quote from: KingsDen on October 31, 2023, 07:09:04 AM

Yes, 35k is expensive to buy, because it has already dropped to 34k as I type. The bitcoin price has dwell so long in the range of 20k such that the 20k to 25k range is now seen as the average normal price of bitcoin. Reaching 30k is already a high price and 4k ontop of the 30k is high if only you are a short term investor.

On the second thought, 35k is a very good entry price if you are a long term investor or if you are investing with the bull run in mind. So, a short term investor buying at 35k is taking a huge risk because the price might plunge back while a long term investor would have nothing to bother.

If you are indeed a long-term investor, the 35k price tag is not expensive. That is, we are aiming for more than 35k before we sell.
And which translates that if we will buy now, it is still a good opportunity before we see this slowly rising.
As an investor, you need to know your financial capabilities first before buying more, because you may be compromised if you need the funds.
So the decision whether to buy at this price level depends on the user himself, after he assessed his financial conditions.

It's really hard to see what the future holds though, and we always wanted to buy low. But with that, if we are willing to take that risk then why not? $35k will be a small price after all specially if in the next bull run the price will go as high as $100k. Definitely in any kind of investment there are risk and rewards and we have to assessed if we can take that risk without any financial damage to us.

I mean we can invest at the same time we can still live normal, have a job, put food in the table for our family and just let our money sit in our wallet and wait for it to grow in the next 2 years. Meaning just invest what we can afford to lose, that's it. No matter what is our buying entry, we should be good with that kind of preparation and mental attitude.

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Quote from: Bitcoin_people on November 01, 2023, 02:56:15 AM

Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

I think the price of Bitcoin has increased exponentially in a few days so no one can say if it will go down again. However, I think that the market has taken a stable position around $35000 and the market may not be dumping anymore. Since you are currently losing a good amount at $31k, I think it was a good day for you to buy at the right time for a short period of time. However if you buy bitcoin from current market it may be expensive but I think it will not be expensive for you in future. If you buy and hold bitcoins from the current market it will give you good amount of profit in future. So if you buy bitcoins from this market I think you can profit in future, it won't be expensive anytime you buy bitcoins from the market and hold it.

If you are going to wait for the long term, the price you get does not matter much, but I think it may be best to wait a bit to see which direction the market will go. I'm not sure the market won't dump. According to some, this possibility is still very high. So it would be better to wait a bit.

Bitcoin gives a buying opportunity every time, so stop worrying about missing the train. Bitcoin will once again provide a buying opportunity, as it always does. It would not be right to say anything clearly about the market, but regarding the buying opportunity, I can say that this opportunity will always come.

The price at which you bought Bitcoin at first is a very good price, so you can wait to buy from a good point again, or even if you buy from this point, you will still make a profit if you wait for a certain period of time. The important thing is to be able to wait.

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Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

I think the price of Bitcoin has increased exponentially in a few days so no one can say if it will go down again. However, I think that the market has taken a stable position around $35000 and the market may not be dumping anymore. Since you are currently losing a good amount at $31k, I think it was a good day for you to buy at the right time for a short period of time. However if you buy bitcoin from current market it may be expensive but I think it will not be expensive for you in future. If you buy and hold bitcoins from the current market it will give you good amount of profit in future. So if you buy bitcoins from this market I think you can profit in future, it won't be expensive anytime you buy bitcoins from the market and hold it.

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Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

What comes to your mind asking that when you have carried buying from 26k to 31k? it is a 5k distance yet you manage
buying so why not 35k? and actually it is still 34k in which you can still profit if you are willing to take that coins till after halving next year that
I do believe your main intention in buying at this level because if not you have bought when the price is below 20k .

Quote from: Pierre 2 on October 28, 2023, 04:07:42 PM

As explained many times, buying at one point is always up to your carrying psychology. If you feel you can handle price stalling and sometimes even going down for months, you may buy right now and do nothing more. But personally I feel like 35k would be too expensive in current situation. Because we are not in bull market yet, its still too early as we have 2 more months in 2023. 25k was real bottom to buy I suppose, not sure.

Yup and OP did not even mentioned if how long he wanted to keep those coins in His pocket , because
if that is just for short time meaning this year alone , then maybe that is correct that 35k is high enough to risk , but if willing to
on the higher level meaning till halving or longer then its fine to take chances.

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Quote from: Fara Chan on October 29, 2023, 05:07:51 AM

Quote from: fzkto on October 28, 2023, 02:51:03 PM

Of course if you have patience and the ability to invest in bitcoin for a few years, now would still be a good buy. After the halving, usually the price always started to rise. Next year there will be a halving, so there will definitely be a bull market in a few years.

Hopefully the cycle like you said can happen because I still think that this halving will be very different from before, especially in terms of price because Bitcoin is still far from the previous ATH so there is still a lot of time needed for that after the halving occurs. While there is a possibility of a bull market after that, and the timing is clear it is still worth continuing to buy and invest before everyone gets too close to the halving schedule.

This is normal, if you look at the previous halving, the price is also far from ATH since Bitcoin is still in the bearish market. We cannot expect anything going near the ATH if the market is still in bearish mode even though the sentiment is temporarily getting bullish. Halving is known to be the catalyst for a market Bull run, so we can expect the price to get near the recent ATH after the halving.

Aside from that, the possible ETF approval can synergize the effect of Bitcoin halving which can possibly push Bitcoin to surge more.

Quote from: TimeTeller on October 31, 2023, 06:00:54 PM

Quote from: KingsDen on October 31, 2023, 07:09:04 AM

Yes, 35k is expensive to buy, because it has already dropped to 34k as I type. The bitcoin price has dwell so long in the range of 20k such that the 20k to 25k range is now seen as the average normal price of bitcoin. Reaching 30k is already a high price and 4k ontop of the 30k is high if only you are a short term investor.

On the second thought, 35k is a very good entry price if you are a long term investor or if you are investing with the bull run in mind. So, a short term investor buying at 35k is taking a huge risk because the price might plunge back while a long term investor would have nothing to bother.

If you are indeed a long-term investor, the 35k price tag is not expensive. That is, we are aiming for more than 35k before we sell.
And which translates that if we will buy now, it is still a good opportunity before we see this slowly rising.
As an investor, you need to know your financial capabilities first before buying more, because you may be compromised if you need the funds.
So the decision whether to buy at this price level depends on the user himself, after he assessed his financial conditions.

I highly agree, and with the current market situation and cycle point, I think @OP does not need to wait for another 4 years to see his investment profit. Just a year or two from now, we might see Bitcoin surging to another record-breaking ATH.

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Quote from: KingsDen on October 31, 2023, 07:09:04 AM

Yes, 35k is expensive to buy, because it has already dropped to 34k as I type. The bitcoin price has dwell so long in the range of 20k such that the 20k to 25k range is now seen as the average normal price of bitcoin. Reaching 30k is already a high price and 4k ontop of the 30k is high if only you are a short term investor.

On the second thought, 35k is a very good entry price if you are a long term investor or if you are investing with the bull run in mind. So, a short term investor buying at 35k is taking a huge risk because the price might plunge back while a long term investor would have nothing to bother.

If you are indeed a long-term investor, the 35k price tag is not expensive. That is, we are aiming for more than 35k before we sell.
And which translates that if we will buy now, it is still a good opportunity before we see this slowly rising.
As an investor, you need to know your financial capabilities first before buying more, because you may be compromised if you need the funds.
So the decision whether to buy at this price level depends on the user himself, after he assessed his financial conditions.

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Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

Congratulations on your successful entry into the crypto market. I would recommend dividing your investment into many parts. Then you can invest in BTC at regular intervals. This way you reduce the risk of strong price fluctuations and get a better average price. For this strategy, it is important to buy BTC regularly in equal amounts. Provided you are positive about Bitcoin and its development in the long term.

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Yes, 35k is expensive to buy, because it has already dropped to 34k as I type. The bitcoin price has dwell so long in the range of 20k such that the 20k to 25k range is now seen as the average normal price of bitcoin. Reaching 30k is already a high price and 4k ontop of the 30k is high if only you are a short term investor.

On the second thought, 35k is a very good entry price if you are a long term investor or if you are investing with the bull run in mind. So, a short term investor buying at 35k is taking a huge risk because the price might plunge back while a long term investor would have nothing to bother.

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Quote from: lunder0592 on October 24, 2023, 06:29:34 AM

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

When you are confused and compelled to ask the question of whether a certain price point is good for buying or not, you should go for doing DCA at that point. The positive of doing that is that even if the market drops down from that point, you won't regret buying higher since you haven't spent all the money and you can still buy more, and if it goes up from that point, you won't regret not buying at all due to the confusion regarding the price.

That's why I always suggest to people with confusion regarding the current price when they are willing to buy to use the DCA method. Buying all at once can be useful sometimes but only if the market keeps going up after that point, otherwise, you will always regret that you shouldn't have bought with all the liquid assets you had.

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Quote from: CryptoBuds on October 31, 2023, 03:26:58 AM

I have no predictions for the coming days and also do not advise OP to wait for the price to drop to $30k to buy. But I think we shouldn't get too excited that bitcoin is trading above $34K in the past few days, that doesn't mean bitcoin will never drop below $30k again. Bitcoin is unpredictable, rather than difficult to predict so we should not be subjective.

If OP really wants to invest long term then $35k is still a good price to accumulate bitcoin, but if he is trading short term then do your own analysis instead of asking others.

For long-term investments, the price of 35k is very possible, but for short-term investments I also think that buying at the current price is very hasty and as if we are just following the market without any future analysis, it is true as you said that the future price of Bitcoin is very difficult to predict. also with the steps we have to take, we must not rush.
After a significant price increase last week, now the price of Bitcoin tends to stabilize without any significant movement, so I think it's better to wait in which direction the Bitcoin price goes and wait for a more appropriate moment to enter.

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Quote from: tygeade on October 31, 2023, 03:00:39 AM

Quote from: jeraldskie11 on October 27, 2023, 10:09:02 AM

I think it's not ideal to buy on that price because any time soon it will retrace before the price go higher and create another high. Always buy in the higher low or swing low to maximize our profit if we are longing. However, we can't predict the price movement in the market, so all we have to do is to anticipate and look for sign of weakness to occur before we decide to buy. Base on my analysis, the possible price it can go is around 30k. If ever you miss the opportunity because the price didn't go 30k, don't lose hope immediately. There is always opportunity in the market.

And it even fell now. If ever he did it he just lost already $1k. This is why it's wise to just wait first after each increase if we plan to buy. I am not sure if we can go back in $30k again since we already break $32k. Maybe the lowest we can get is $32k. He can wait for that. I just noticed that the date's he posted are weird lol.

It is seems that he time travel in the future Grin

. But Like I said earlier, I don't think we can ever fell below $32k again. So, maybe that date was only a typo. In the future, the price can mainly increase. For those who are late. They don't need to wait for $32k because our new bottom or support can also increase later on.

I have no predictions for the coming days and also do not advise OP to wait for the price to drop to $30k to buy. But I think we shouldn't get too excited that bitcoin is trading above $34K in the past few days, that doesn't mean bitcoin will never drop below $30k again. Bitcoin is unpredictable, rather than difficult to predict so we should not be subjective.

If OP really wants to invest long term then $35k is still a good price to accumulate bitcoin, but if he is trading short term then do your own analysis instead of asking others.

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Quote from: jeraldskie11 on October 27, 2023, 10:09:02 AM

I think it's not ideal to buy on that price because any time soon it will retrace before the price go higher and create another high. Always buy in the higher low or swing low to maximize our profit if we are longing. However, we can't predict the price movement in the market, so all we have to do is to anticipate and look for sign of weakness to occur before we decide to buy. Base on my analysis, the possible price it can go is around 30k. If ever you miss the opportunity because the price didn't go 30k, don't lose hope immediately. There is always opportunity in the market.

And it even fell now. If ever he did it he just lost already $1k. This is why it's wise to just wait first after each increase if we plan to buy. I am not sure if we can go back in $30k again since we already break $32k. Maybe the lowest we can get is $32k. He can wait for that. I just noticed that the date's he posted are weird lol.

It is seems that he time travel in the future Grin

. But Like I said earlier, I don't think we can ever fell below $32k again. So, maybe that date was only a typo. In the future, the price can mainly increase. For those who are late. They don't need to wait for $32k because our new bottom or support can also increase later on.

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Quote from: fzkto on October 28, 2023, 02:51:03 PM

Of course if you have patience and the ability to invest in bitcoin for a few years, now would still be a good buy. After the halving, usually the price always started to rise. Next year there will be a halving, so there will definitely be a bull market in a few years.

Hopefully the cycle like you said can happen because I still think that this halving will be very different from before, especially in terms of price because Bitcoin is still far from the previous ATH so there is still a lot of time needed for that after the halving occurs. While there is a possibility of a bull market after that, and the timing is clear it is still worth continuing to buy and invest before everyone gets too close to the halving schedule.

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