Can we get another golden oppurtunity to buy? - page 14.

Mazharul Khan

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Quote from: finaleshot2016 on February 11, 2021, 09:36:59 AM

Quote from: abderrazak belkhir on February 11, 2021, 09:20:25 AM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

Obviously wait for the price to get lower, everybody is getting FOMO for what happened in bitcoin. As long as you didn't lose anything, you can chill out and wait for the price to go deeper. Be wary of correction, anytime it can happen and the worst situation is when you buy bitcoin, it might occur, you'll instantly lose a lot. From 42k usd to 47k usd, can't believe what's happening right now to bitcoin, don't know if the bull run still continues or this is might be an elon musk effect. If you want to play safe, the answer is to wait but if you're getting excited and want to buy, just remember that there's a huge risk, everything can be gone in just a minute.

Momoamzad

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Best time was when BTC was $7000 and after that $28k . That time who didn't buy they are definitely feeling sorry . But I think market saying positive right now. You can take a risk but remember market can fluctuate anytime. So invest with your own risk

BrewMaster

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in my experience people who wait for "golden opportunity" will never buy even if price dropped as low as the price they had in mind. for example someone who has been waiting to buy bitcoin when it reached $1000 will never buy it even if it reached $1000 right now and they had money ready to buy!

so the only way to go for these people is to either never buy bitcoin and forget about it now and go on about living their lives. or buy right now without hesitating any more and live with the result of it no matter what.

mezzaluna

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Quote from: abderrazak belkhir on February 11, 2021, 09:20:25 AM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

This situation happening within our current state of mind would not likely happen since everyone is focused around the fact the Bitcoin's value is increasing and people are using this opportunity to get into the Cryptocurrency Industry UNLESS we would have another state in which Bitcoin's value would be stable for at least a year and then rise again into another ATH so I guess that golden opportunity would be right now. It would surely be profitable to buy at a low price and all we can do is wait for that time to come.

Jemzx00

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Quote from: finaleshot2016 on February 11, 2021, 09:36:59 AM

Quote from: abderrazak belkhir on February 11, 2021, 09:20:25 AM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

Obviously wait for the price to get lower, everybody is getting FOMO for what happened in bitcoin. As long as you didn't lose anything, you can chill out and wait for the price to go deeper. Be wary of correction, anytime it can happen and the worst situation is when you buy bitcoin, it might occur, you'll instantly lose a lot. From 42k usd to 47k usd, can't believe what's happening right now to bitcoin, don't know if the bull run still continues or this is might be an elon musk effect. If you want to play safe, the answer is to wait but if you're getting excited and want to buy, just remember that there's a huge risk, everything can be gone in just a minute.

But that's the thing, it's hard to predict when or the price correction will ever happen. With all of the new things that keeps on coming to bitcoin such as Covid, Bitcoin Halving, and right now the massive support bitcoin keeps on getting. Elon musk news shock the market but not only that but also Paypal news affected the market of bitcoin. There are even speculation that Apple's next with implementing bitcoin and investing on it.
With all of this, it's to see if the price correction will ever happen as the support from major companies that we are getting is too massive and I don't think they'll want to lose their investment and see a price decline anytime soon.

Innerpumper

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It could be, but it's very difficult, because nowadays there are many of the big people and giant companies entering bitcoin. However, it is not impossible to keep generating profit opportunities here. there are many other coins that are still fresh to make a profit.

Lucius

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abderrazak belkhir, it is difficult to say at this point whether history will repeat itself and whether we will again witness the corrections we have had in the past. Now, however, it all depends on how big investors will behave, because for now they all mostly buy BTC without publicly saying that they will sell it - although they can do it at any time as Ruffer Investment Management recently done.

I will refer to the past again, and if BTC follows a pattern from past halvings, then this year should be distinctly bullish with the occasional minor pullbacks - but nothing so drastic that we could expect a 50% drop. I know people who told me that they will invest in BTC when the price is again less than $1000, but since the end of 2016 something like that has not happened, and they are still waiting...

hd49728

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Quote from: abderrazak belkhir on February 11, 2021, 09:20:25 AM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

I would not happen as bitcoin finished its bear market and the halving even in May of 2020 marks the new bull market for bitcoin. The pandemic in March 2020 with the announcement and confirmation from WHO that it is a pandemic triggered panic sells and bitcoin crashed around 50 percent. It is a weak down to test the market. You see, few days later, bitcoin rallied strongly and continued its growth to $49,000.

Weeks ago, it was corrected 30% and that is a golden opportunity for you to accumulate bitcoin. If you missed it, the fall yesterday is a silver opportunity for you. Did you miss all the two opportunities? And why did you miss them? Fear or over hope for terrible crash to $6000 or $15000?

I think $20000 is possible price but I would not gamble and use all my capital in fiat or stable coin to wait at that price.

cr1776

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Quote from: abderrazak belkhir on February 11, 2021, 09:20:25 AM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

The correct answer is "no one knows."

I will say though that I've heard people say "they are going to wait to get in at a better price" since before US dollar parity. And then when it was over $1, they were waiting for it to go back below $1. Same at $10, $30, $100, $1000, $2000, $10000, $20000 etc. Then at times like March of 2020, many people who had been waiting for a better price when it had been $10000 or $20000 didn't buy then either.

There are no guarantees about where it will go and no one can answer it. The only thing to remember is that if you bought or mined at any time in the past (except perhaps in the last hour) you are way ahead right now as long as you bought and held.

If you are unsure, you could figure out how much you want to buy and buy 10% of that amount per week over the next 10 weeks. Dollar cost average into it. No one knows if that will result in buying at a better average price or worse average price though.

AicecreaME

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In my opinion, it is always the right time to buy Bitcoin, and why is that? well because Bitcoin's price will always continue to soar high, it might going to have a pull back but we're not going too far deep down the chart, so practically speaking, if you buy now, you could literally make an instant profit any time soon because of the bullish market, so instead of wasting your time hoping to buy in the deep, risk your money by buying now.

It's now or never actually. You could risk 50% of your funds dedicated to buy Bitcoin if you're not sure about your decision.

mk4

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When bitcoin re-reached $20k for the second time in December, people were waiting for another drop in price before they get in. And what happened? Here we now at $48k. Are you going to keep on waiting for a crash and potentially miss up on the opportunity? Or just simply dollar-cost average like what people have been recommending for years now?

https://dcabtc.com/

Wenbing

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There is gold in volatility..

I have two reasons why btc will never drop as slow as that $20k again. This is the same thing i told my friend who invested in btc and he dscovered to be through after like two weeks.

1. Due to the adoption of institutional investors and their investment activities btc would always be rising at a frequent rate than when it was only halving event that usually lead to its surge in price.

2. The corporate adoption factor. We have started seeing great events happening around btc. The first was Tesla moving part of its balance sheet to btc and announced the acceptance of btc for Tesla product payment. Now when other companies follow suit it will lead to increase in the volume of btc transaction.

Hence, i am not sure if btc will get to that very low level.

Quote from: Sterbens on February 11, 2021, 09:32:15 AM

actually the potential and opportunities to buy bitcoin are always open, it's just that we have to adjust to the time interval that will be noticed when placing a position order. There are many ways, namely to take advantage of the condition of bitcoin to be corrected for a while, there is no need to force it to buy 1 bitcoin, maybe 10% or 50%. because if you have to wait to see another $ 20,000, it is very irrelevant based on the current pattern of movement. What we need to know is that bitcoin will continue to balance which is a temporary correction and bullish is 2x the correction. so I suggest waiting for a while and observing its movements, it could be 1 day, 3 days or one week intervals. it depends on you who decide.
watch the chart and do the simple analysis you can afford.

To me, i feel he may be waiting without ever seeing btc correcting to as low as $20K again, though it will correct but the correction will be higher than that.

If i were him, what i would do is to determine a percentage of correction, once the time comes i will take position.

[moderator's note: consecutive posts merged]

habo8

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Quote from: abderrazak belkhir on February 11, 2021, 09:20:25 AM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

Off course, we can have a chance for buying after market take little little bit direction, some good news are also keep coming like uber today.

btc_angela

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Quote from: abderrazak belkhir on February 11, 2021, 09:20:25 AM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

The last opportunity was around $28k, so if you didn't buy that time then we might not see that price again. Unless it crashes more than 50% but I highly doubt that it will happen at this time as the market is again on the full swing, and are trying to get into the $50k barrier.

Best case scenario is like 10%-20% dip, can't say though if you should wait or buy more, hard to give financial advises here. Best of luck to your decision.

finaleshot2016

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Quote from: abderrazak belkhir on February 11, 2021, 09:20:25 AM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

Obviously wait for the price to get lower, everybody is getting FOMO for what happened in bitcoin. As long as you didn't lose anything, you can chill out and wait for the price to go deeper. Be wary of correction, anytime it can happen and the worst situation is when you buy bitcoin, it might occur, you'll instantly lose a lot. From 42k usd to 47k usd, can't believe what's happening right now to bitcoin, don't know if the bull run still continues or this is might be an elon musk effect. If you want to play safe, the answer is to wait but if you're getting excited and want to buy, just remember that there's a huge risk, everything can be gone in just a minute.

Sterbens

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actually the potential and opportunities to buy bitcoin are always open, it's just that we have to adjust to the time interval that will be noticed when placing a position order. There are many ways, namely to take advantage of the condition of bitcoin to be corrected for a while, there is no need to force it to buy 1 bitcoin, maybe 10% or 50%. because if you have to wait to see another $ 20,000, it is very irrelevant based on the current pattern of movement. What we need to know is that bitcoin will continue to balance which is a temporary correction and bullish is 2x the correction. so I suggest waiting for a while and observing its movements, it could be 1 day, 3 days or one week intervals. it depends on you who decide.
watch the chart and do the simple analysis you can afford.

abderrazak belkhir

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Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

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