Buying the Deep (Bitcoin). - page 2.

Mpamaegbu

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Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price

How things easily change. The once upon a time, "It's too high" is now a new dip. To think that people will be happy buying at the price they initially thought was overboard now is the same way a lot will be glad to buy above $100k soon. Nevertheless, I hope OP's story is true anyway. We see a lot of these FOMO posts during bull seasons. Even when we all want to stay positive, we should also be true to it.

Bitcoin has proved that it's ever going up, despite attacks from various governments and influential institutions. We hail thee, Bitcoin. You're truly a phoenix.

Vaculin

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Quote from: gloriamartin on November 22, 2021, 12:57:53 AM

There are traders and investors who just follow the basic rule that when the price falls, that is the perfect time to buy. Hardly a few traders go to reply and buy crypto after understanding concepts like "Bitcoin Whales". I wish you luck @Wiwo for buying Bitcoin and you will definitely be satisfied with your investment in the coming future.

I think until now, that basic rule is still working. But make sure that you are buying those coins who have high potentials to be more valuable in the future. Otherwise, you'll end up wasting your money because those coins never even recover from price drops.

But for OP, congrats on your newly owned bitcoins. It must have been a huge capital to start with, but it will surely pays off when bitcoin recovers and hits another ATH again. Right now, bitcoin continues to drop its price but i know after this, bitcoin will have a higher target of price for its new ATH since price corrections give strong support for its new ATH to achieve.

dimonstration

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Quote from: Ararbermas on November 22, 2021, 07:03:10 AM

Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

just assured that you're buying at the real support level of bitcoin because if not there's a chance for it to go down more until it find the real strong support..just imagine how it breaks those ATH within this year. I hope there's no massive dump after all this correction because you know holders always panicking when they see bitcoin growth rates continue falling.. So i hope it will not happen..

Buying at supports is one of the efficient way to buy on a dip market but you should accompany it with patterns and indicators that this support will really hold on once sell pressure execute. Traders that put order on that support might cancel it or whales eat it by doing market sell if the trend is very bearish. Take note that breaking support is the start of massive sell-off so buying on that is actually a double edge sword, If the price bounce back after it hits then its a big gain for you but if the opposite happened, You can suffer incredible loss especially when you didn't set any stop loss.

Ararbermas

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Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

just assured that you're buying at the real support level of bitcoin because if not there's a chance for it to go down more until it find the real strong support..just imagine how it breaks those ATH within this year. I hope there's no massive dump after all this correction because you know holders always panicking when they see bitcoin growth rates continue falling.. So i hope it will not happen..

gloriamartin

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There are traders and investors who just follow the basic rule that when the price falls, that is the perfect time to buy. Hardly a few traders go to reply and buy crypto after understanding concepts like "Bitcoin Whales". I wish you luck @Wiwo for buying Bitcoin and you will definitely be satisfied with your investment in the coming future.

Lucius

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Quote from: adaseb on November 19, 2021, 12:13:46 PM

This market runs on crazy crazy emotions its seems.

You could say that it is so, but you should still know that every month we have a similar situation just at the time when the deadline in which futures expire is approaching. Investors who bet on the price of BTC, and have enough BTC and fiat to manipulate the market, in a way set a price that suits them at a given moment. Needless to say, most small investors have weak hands and always fall into the net set by the same people.

If you look at the CBOE calendar and the dates that are colored, you can see that some things do not happen by chance but there is a very correct pattern.

Source

stomachgrowls

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Quote from: adaseb on November 19, 2021, 12:13:46 PM

Its crazy how the settlement changes day by day. 2 days ago everybody was bullish and buying at dip >$60K. Then when we broke down, everybody was calling for $30-40K. Now it looks like we bottomed and everybody is calling for $98K before the end of November.

This market runs on crazy crazy emotions its seems. So if you are getting nervous, so is the rest of the market and it'll go up exponentially and the low won't be where you expect it to me. People assumed that the dip made yesterday would hold, however we had a bad candle close, many were expecting a wick but we got a strong bear candle, so it went slightly lower and then started to rally again.

Trapping bulls and bears along the way...

And that what makes out head aches that much yet we do already finalized out our positions but still ending up on changing it on the end of the day or couple or a week because movements do changes up everytime without any solid indications and factors known on why its been moving that way thats why im trying to be versatile as much as i can be but still wont really assure out good
outcomes anytime on my analysis.

Good thing is that you do able to handle it out despite of lesser accuracy.What matter most is that you do able to make out some gains despite of those drastic changes on which we
didnt really expect for it to happen.

We do always presume that it might be the lowest possible price basing on technicals but it could be easily be break out without any solid reason.
So its always been a guessing game.

beerlover

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It could go down a whole lot more from here and it would be fine, do not get worried just because the price is falling. I get that people could be getting worried about these type of things but in reality we are not really doing that bad.

Remember we were 30k just a few months ago and spent like 3 or even maybe 4 months there and now we are talking about dropping under 60k for the first time in a while. Just focus on the drop being a correction and how there will be recovery and you will feel better. Buy the dip as much as you can, and just stay still. If you get panic and sell your coins just because it is falling then you are going to end up being quite upset when it recovers.

Ibrahim60

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Buying in deep is a good decision. If anyone wants to make huge profit by investing long time then Bitcoin is the best choice. Bitcoin is now one of the best coin. Bitcoin popularity increasing day by day among all the people. For this reason Bitcoin price is not dump a lot. It just dump some and increase again. Hope in 2022 Bitcoin price will hit $100k. So i think this is high time to buy some Bitcoin.

adaseb

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Its crazy how the settlement changes day by day. 2 days ago everybody was bullish and buying at dip >$60K. Then when we broke down, everybody was calling for $30-40K. Now it looks like we bottomed and everybody is calling for $98K before the end of November.

This market runs on crazy crazy emotions its seems. So if you are getting nervous, so is the rest of the market and it'll go up exponentially and the low won't be where you expect it to me. People assumed that the dip made yesterday would hold, however we had a bad candle close, many were expecting a wick but we got a strong bear candle, so it went slightly lower and then started to rally again.

Trapping bulls and bears along the way...

proudhon

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Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

If you wait a bit longer you'll get to buy bitcoins at 1/6th this price, or better!

geegaw

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Quote from: StreakW on November 19, 2021, 08:41:54 AM

Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

You make good use of the opportunity. When the price of Bitcoin is down, this is an opportunity to buy now. After buying, then saved. This price decline is still considered a natural thing and will not last long. Early next year the price of bitcoin will rise again or break through the ATH level as in a few weeks ago.

Strong rallies can also be prolonged by special factors, so I wouldn't be too surprised when our bitcoin gets extended drops, absolutely no basis for determining the duration of a cycle and trend, as a result of this ambiguous algorithm, the events of the beginning of the year are also not a pre-drawn picture. Many people are applying the form of deep buying at hard support areas, but immediately these areas have shown fragility and lack of solidarity, quite a few members have withdrawn capital and sold early, don't be confident that this is an opportunity when there is so much hidden danger

STT

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Its been capped by the 2 day average recently. If we stay above 57k area every day till next week then it can turn around and break this ceiling and the weekly average for a proper recovery of its recent losses. For the moment caution is advisable as its make a false break out of the ATH then reversed which is bearish enough but then being under 59k confirms we have further work to revise prices.
I'm not bullish this year but eventually when its ironed out the bumps we can progress, I assume current action is required work to do.

LogitechMouse

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Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

As long as you are happy with your investment then that is what is important

.

4.5 Bitcoins is a huge investment but to think that it has being invested into Bitcoin, you can get a huge profit long term. I'm thinking though that you bought Bitcoins at a high price (at least for me) and you might want to buy at a lower price. I just hope that you still have enough money to use if you want to buy more Bitcoins at a lower price. Ohh I forgot you consider yourself as a "Bitcoin Whale" so you will still have money to use Cheesy

. Anyway, congratulations to your investment

.

StreakW

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Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

You make good use of the opportunity. When the price of Bitcoin is down, this is an opportunity to buy now. After buying, then saved. This price decline is still considered a natural thing and will not last long. Early next year the price of bitcoin will rise again or break through the ATH level as in a few weeks ago.

BuNga_cute

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Quote from: doomloop on November 19, 2021, 07:12:16 AM

Quote from: ice18 on November 19, 2021, 04:45:58 AM

Price down today to almost $55k so he did buy too early and currently he lost approximately $15k if he bought at $59k. I hope OP remain calm and not shaking right now but I suggest to just hold and try to DCA.

Yeah, buying right now will get them a better buying average prices as bitcoin market started trading below $57k levels. If they have funds still available then in my opinion also buying right now is recommended because I guess market may not fall further from the current levels and we may get back to recovery which may last until we have a new ATH.

Quote from: ice18 on November 19, 2021, 04:45:58 AM

BTC price is way too volatile in this bull market if you are weak hand and dont know how to control your emotions you may lose huge amount of money, whales are too good shaking weak hands be very careful with your actions.

This is the reason I never suggest anyone to get into bitcoin for short term benefits. We must buy at dips but only with long term plans. In long term, we may easily get $100k to $180k levels in next 3 to 5 months. It is highly expected we may have bullish trend till second quarter of next year.

It is very difficult to predict how much Bitcoin will fall, therefore I suggest buying Bitcoin at the current price of around 20% -30% of the capital
we have. So when the Bitcoin price goes down we still have the capital to buy Bitcoin again at a cheaper price. That way we can make a big profit
if the Bitcoin price recovers and rises again above $60k. My prediction is that Bitcoin probably won't drop below $50k, so as you predict Bitcoin
won't drop too far from its current price. I am optimistic that next week some big investors will start to enter the market again, after successfully
taking profit. So don't really worry if we buy Bitcoin too expensive, because Bitcoin will always create new ATH. As long as we can be patient,
we should be able to make a profit from Bitcoin.

doomloop

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Quote from: ice18 on November 19, 2021, 04:45:58 AM

Price down today to almost $55k so he did buy too early and currently he lost approximately $15k if he bought at $59k. I hope OP remain calm and not shaking right now but I suggest to just hold and try to DCA.

Yeah, buying right now will get them a better buying average prices as bitcoin market started trading below $57k levels. If they have funds still available then in my opinion also buying right now is recommended because I guess market may not fall further from the current levels and we may get back to recovery which may last until we have a new ATH.

Quote from: ice18 on November 19, 2021, 04:45:58 AM

BTC price is way too volatile in this bull market if you are weak hand and dont know how to control your emotions you may lose huge amount of money, whales are too good shaking weak hands be very careful with your actions.

This is the reason I never suggest anyone to get into bitcoin for short term benefits. We must buy at dips but only with long term plans. In long term, we may easily get $100k to $180k levels in next 3 to 5 months. It is highly expected we may have bullish trend till second quarter of next year.

ice18

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Quote from: cryptomaniac_xxx on November 17, 2021, 09:04:26 AM

Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

Good entry point, I don't think we will see the price going down below $59k now.

So it was really a good opportunity for you and for others as well. Some of us might not have the money to buy that kind of bitcoin, but we can buy at our own phase and that's what important.

And yeah, feeling good to be some whales and having that kind of amount in your wallet.

Price down today to almost $55k so he did buy too early and currently he lost approximately $15k if he bought at $59k. I hope OP remain calm and not shaking right now but I suggest to just hold and try to DCA. BTC price is way too volatile in this bull market if you are weak hand and dont know how to control your emotions you may lose huge amount of money, whales are too good shaking weak hands be very careful with your actions. Eventually after this dip strong hands always win, Goodluck OP.

perfect999

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Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

For exactly people like you, to provide opportunity for buying more with confident, bitcoin market is always getting discounted prices.

People are always wondering why 50% of total bitcoin supply was mined within first halving. In my opinion this was how bitcoin economics has created whales and those whales are manipulating market up and down for their own benefits but that will give room for new people to buy bitcoins at discounted prices.

Just imagine what will happen if there are no people to manipulate the bitcoin market and bitcoin is suddenly getting into million dollar price levels and only very people are holding 1 full bitcoin. Really annoying. So, everything happens in this bitcoin ecosystem for a reason and we should respect that and should look for making use of that for our own benefits and I am glad that you are already doing that.

Yaunfitda

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Quote from: Oasisman on November 18, 2021, 08:47:49 AM

Quote from: Poker Player on November 17, 2021, 03:04:40 AM

Quote from: Wiwo on November 17, 2021, 01:28:14 AM

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.

I don't know, maybe someone will tell me that I'm too skeptical as in the other thread, but you say you have been a long period of time to buy at that price? Lol

2-3 weeks ago you could have bought at that price too. And if we think that we are at almost ATH and most of the year the price has been cheaper than $59K, I don't know if while it was cheaper you were waiting for the price to go up to buy more expensive.

He's actually waiting for that specific price before he buy lol.
What on earth is a whale doing wasting his time to participate on bounty campaigns?
I don't know what the OP wants to point out, he hasn't able to buy at a lower price when he's talking about "long period" time of waiting. Well, that's something really "deep" lol.
Anyway, I congratulate the OP if what he said is true. Acquiring 1 Btc is hard and he managed to buy 4.5.

And probably this is the 2nd best time to buy bitcoin because it falls to $58k?

Just like you and me, doing bounty for years and saving enough altcoins to convert to bitcoin.

I think that's what most of us did here, bounty is just a stepping stone, and if you know how to save all your hardwork through the years then you will be rewarded in the end. And that's what maybe the OP did here in this community. In any case, another perfect opportunity to buy at the current dip.

Topic: Buying the Deep (Bitcoin). - page 2. (Read 394 times)