Buying cheap is best formula - page 6.

nullama

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Quote from: DiMarxist on March 25, 2023, 06:57:15 PM

~snip~
In my discovery the bear market does not favour only for Investors but also the signature campaign participants, when the bear very low the pay in BTC is high and when the price has increased then you sell it as high price. But if the price of bitcoin which is the bull market and you are paid as a campaign participants the amount of bitcoin would be small. So most campaign participants like the bear market for some times before going up of the price.

Investors are most likely more happy when the price is low because they buy at that time and sell and the bull market. So it is good for them as well.

At the end of the day the lowest price of Bitcoin will continue to move up over time.

As long as you keep buying or earning it and saving it, you should be alright in the long term. It doesn't matter too much if you bought at the top, just look at the top prices a decade ago.

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Quote from: Greggry on March 21, 2023, 03:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

In my discovery the bear market does not favour only for Investors but also the signature campaign participants, when the bear very low the pay in BTC is high and when the price has increased then you sell it as high price. But if the price of bitcoin which is the bull market and you are paid as a campaign participants the amount of bitcoin would be small. So most campaign participants like the bear market for some times before going up of the price.

Investors are most likely more happy when the price is low because they buy at that time and sell and the bull market. So it is good for them as well.

Aanuoluwatofunmi

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stead.builders

We do have many people interested on investing on bitcoin but they don't know how to set a good buying formula for their advantage, hence ut is very important to learn how to trade bitcoin and adopt a means of buying as well if interested on holding it for a long time, we have one of the best formula which is DCA method, it is very good to make use of this while buying because it avoid excessive accumulation in other to reduce the rate to loss percentage after buying.

Fivestar4everMVP

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Quote from: Greggry on March 21, 2023, 03:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

You said it will double the current price with confidence as though it is something that is certain.

Yeah, everybody is expecting another circle of bull run by 2024, which is also the year the next bitcoin halving will be happening, it is almost like a guarantee that in every bitcoin halving year, there must be a bull run, but like I said before, this is not something we should be so certain about, if you are buying bitcoin, do it wisely, remember, only invest with spare money, and one you can afford to lose, just incase things don't happen as predicted.

Cryptomiles1

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Quote from: Greggry on March 21, 2023, 03:29:35 PM

This period do not encourage trading or investment

Then what do you encourage?
Buying and hold where would you classify it?
Buying and hold is what we called investment the ability for you to buy and wait whenever the price increases is what we consider as an investment, alternatively if you buy and hold for about 4 months or 1 year that is where we can say you set your investment target, while those who buys and hold for years can consider it as long term investment. Otherwise you wanna tell me the best is scalping which involves selling in every little changes in the market.

nimogsm

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Quote from: OpenCEX on March 21, 2023, 04:48:05 PM

The price of BTC is unlikely to double in the next 3 months. Well-known analysts predict reaching and fixing at $30k by the middle or end of the year.
But you should still buy some BTC at any time if you’re so optimistic.

I think many people understand this even without analysts.Now there are not many signals for the entire market to sharply start growing and doubling.I'm afraid the situation in the world is still not the best and indeed every week something happens from which even the price of Bitcoin systematically reacts.

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If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

There is no doubt that buying BTC at its current price can be very profitable for the future. Because after every bear season, the bull season starts and there will be a bull season of 2024 -25 in which the price of BTC can go above 100k.Investing in Bitcoin also requires a good amount of capital. But there is no doubt that investing in Bitcoin can prove to be very profitable in the future. Currently, Bitcoin is the king of all cryptocurrencies. bitcoin is considered to be the most secure cryptocurrency.The purpose of holding any cryptocurrency is to sell it when it reaches its high value and buy it again when it comes down.Because whoever did not sell BTC at $67,000 proved to be a wrong decision.

ektotanes

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Unfortunately, Bitcoin is not as predictable as you think. Anything can happen and its price will fall again.

I think it's better to buy as much as you can afford every week/month and accumulate that way.

KiaKia

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If you plan to be in crypto space for years then you are already planning to hold for long term, so someone like you can buy Bitcoin at any price because we are still in a bear market, the present value of Bitcoin is still good for long term accumulation, buy what you can per week or month, by April the price might be lower or higher but there is no way to know, and if you fail to buy thinking that value will be lower in April and it goes higher you will keep missing good chances to accumulate.

It is good to also create buying orders on exchanges because you might be sleeping when Bitcoin value start dumping, I have created buying orders around 19k, 20k, and 22k on exchanges like huobi and Bitget so I don't have to keep watching the value every time, I can go any where I feel like without having to check my laptop to buy at a price.

Nrcewker

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Who said to buy bitcoins when you have plenty of money to afford them? If you have little or less money, you can also buy a smaller portion of the bitcoin. You, yourself, only said that these coins are valuable, so if you don’t buy at regular intervals and plan to buy at a time a larger portion of the coin, then comparatively you will be making less profits. So the best strategy will be to buy the coins as many as you can, irrespective of the price. As Bitcoins are limited in number, they will become more valuable and rare in the future.

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Quote from: Mauser on March 25, 2023, 02:51:50 AM

Quote from: Greggry on March 21, 2023, 03:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

Buying cheap and selling when it's expensive is the way how we make money in trading. The question is if the bitcoin price around 27-28,000 USD is really cheap or not at the moment. Last year the price was definitely cheaper. It's good to be optimistic, but I am more cautious about the next 3 months. What is the rational behind your prediction that the price is going to double in such a short period of time? The collapse of 2-3 banks seems to be a good motivation to go into crypto currencies, but in case of bigger banks starting to tumble things could get messy and lead to another almost financial system collapse like in 2008. If you have money right now then buying some bitcoins is a good idea, especially if you are convinced prices are going to double. You could also consider spreading out your purchases a bit and see if there will be another crash.

If it's a long-term investment and you have confidence in the future of bitcoin, and compared to the old ATH, then $27k is still a cheap price to accumulate. Each bitcoin period will have a different price, we can't compare the price now with the price of 15k last year, if that compares, bitcoin in 2018 is only 3k...
The collapse of banks is not a good thing because it causes a recession and will affect our incomes and lives, which is not necessarily good for cryptocurrencies. I don't expect more banks to fail just because of the expectation that the bitcoin price will rise.

Mauser

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Quote from: Greggry on March 21, 2023, 03:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

Buying cheap and selling when it's expensive is the way how we make money in trading. The question is if the bitcoin price around 27-28,000 USD is really cheap or not at the moment. Last year the price was definitely cheaper. It's good to be optimistic, but I am more cautious about the next 3 months. What is the rational behind your prediction that the price is going to double in such a short period of time? The collapse of 2-3 banks seems to be a good motivation to go into crypto currencies, but in case of bigger banks starting to tumble things could get messy and lead to another almost financial system collapse like in 2008. If you have money right now then buying some bitcoins is a good idea, especially if you are convinced prices are going to double. You could also consider spreading out your purchases a bit and see if there will be another crash.

nurilham

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Quote from: Greggry on March 21, 2023, 03:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

In this case, the key is being more patient and without panic. Once you panic, you will be lost. Because as we know that Bitcoin market will not be the same. There must be several times dropping, experiencing market corrections, and also getting many FUD. In this situation, not many people are patient with this. And then leaving Bitcoin because of the loss. Whereas we actually understand that we will be lost if we sell the BTC at a lower price. But if we are still holding, we still own the BTC and we still have high hope for the future.

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Quote from: Plaguedeath on March 22, 2023, 02:13:45 AM

Any price lower than $68,789.63 is cheap because you're not buying at ATH Cheesy

Cheap or expensive is an individual perception, there is no definite measure.
Someone can say it is cheap because of a certain view, other people can say it is expensive because they view another reason.
Expensive isn't a must above $68k (ATH), it depends on viewing that price from what side.

Quote from: Plaguedeath on March 22, 2023, 02:13:45 AM

There's a high chance we will see bull run on the next year or two years, so be sure you're accumulating Bitcoin when the price is still cheap right now.

Sure. If we consider 4 years cycle, 2024-2025 is a time for bullrun.
So, we must collect as many as Bitcoin and good altcoins during this bearish season.

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Quote from: samcoin on March 23, 2023, 03:36:25 PM

Quote from: Greggry on March 21, 2023, 03:29:35 PM

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

The Bitcoin bear market synchronized this time with a very bad financial crisis in the USA, which means the chances of making profit buying Bitcoin is even bigger. What happens in the USA is ridiculous and maybe no one knows where things are going, or if the government would be able to solve these challenges without printing more money, which means additional value for Bitcoin in USD terms. Therefore, I agree with everyone who would like to buy Bitcoin now, but when it comes to price predictions, I don't think Bitcoin will double in price in the next three months, as this thing looks way far and there're many hurdles to overcome before it reaches that price. Bitcoin might be able to reach 34k in the coming weeks, no more than that, in my opinion, although I have a good amount and hope to see much higher prices.

We do even have that $1M per btc in 90 days which is really that absurd, im not saying that it cant be possible but its really that impossible for a short time. Grin

If we do consider and look out on how market do make a move and been affected by lots of factors then it would really be that hard on reaching out which it is really that impossible.
Buying cheap is the best formula? Of course and we dont really have no choice considering that we do deal on this market to make profits which it would be
understandable on where we should really be focusing in.

RealMalatesta

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Quote from: Greggry on March 21, 2023, 03:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

Most people forget that you do not make money while selling, you make money from buying. Imagine this, you buy a house which worths 500k dollars but you buy it for 200k because it is in ruins, the roof is leaking, the floors creaking, the inside is trashed, the bathroom is crashed and all of that.

You spend another 50k and wait for 6 months to fix all of that, so the total for you becomes 250k, and then suddenly you got the house back to what its worth at 500k. This isn't unheard of, people do this kind of business as well. The same is with bitcoin, luna happens, ftx happens, binance gets fud, fed increases rates, but then if you wait long enough, all of that gets better and bitcoin goes up.

samcoin

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Quote from: Greggry on March 21, 2023, 03:29:35 PM

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

The Bitcoin bear market synchronized this time with a very bad financial crisis in the USA, which means the chances of making profit buying Bitcoin is even bigger. What happens in the USA is ridiculous and maybe no one knows where things are going, or if the government would be able to solve these challenges without printing more money, which means additional value for Bitcoin in USD terms. Therefore, I agree with everyone who would like to buy Bitcoin now, but when it comes to price predictions, I don't think Bitcoin will double in price in the next three months, as this thing looks way far and there're many hurdles to overcome before it reaches that price. Bitcoin might be able to reach 34k in the coming weeks, no more than that, in my opinion, although I have a good amount and hope to see much higher prices.

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Quote from: Greggry on March 21, 2023, 03:29:35 PM

This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.

How sure are you that bitcoin's price will indeed double in the next three months? That's just impossible and if that happens which is really unlikely, that's just a mere coincidence because nobody as in nobody can actually predict the bitcoin's price in a given time frame because nobody literally knows what would happen in the future. Now, if you hear that from any so-called experts then you should just have to forget that because they are just like us, making a mere speculation with no guarantees that it will actually happen.

Falconer

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Quote from: GideonGono on March 23, 2023, 01:37:33 PM

Yes the best formula is to buy at cheap price, but the problem is when and how much is the cheap price.
But as much as I believe that the price would go high there is no guarantee that it would really happen, just because of the past events we couldn't be sure that the history would repeat itself.

There are no guarantees about historical repeatability, but you can always expect the price to be profitable in the long term.
You can imagine the simplest thing like buying bitcoin during 2022 for around $16k and comparing it to the current price. Although it is always possible to get the price to drop lower than your entry price at one time, but in the long run I believe you can still make a profit.

The most realistic thing to think about is to identify your investment risks. Don't be afraid, you should be able to consider the risk as much as possible instead of doubting its potential in the long term.

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Quote from: Sterbens on March 23, 2023, 11:35:17 AM

Quote from: imamb on March 23, 2023, 10:14:18 AM

when bitcoin is above our mental confused to choose to enter or wait for the end to miss the moment again. it's true that as long as there is hope, use it as much as possible with an organized management. for me, don't invest directly in the money you have, but buy in stages so that something can be anticipated and not miss important moments

Yes, it's very confusing, I've felt in this position, when the price has gone up, sometimes I often feel nervous between selling it now or holding it for the long term and getting bigger profits.
Facing fear in making decisions.

There are several sources who say that in the next few months bitcoin will increase quite high, this can convince me a little to hold it and get the right moment.

looks like bitcoin can't touch to 10k anymore. and I think it's true that holding bitcoin from now on is better, than missing a historical moment again. support continues to flow positive news about bitcoin makes me more confident. I hope this year there will be another moment like in 2022

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