Today there was a correction of more than 7%, of course many panicked and sold bitcoin, but many were waiting for the price to drop even lower to buy, today I put around $250 for the price of $28500 in the market, so when the price drops below $30k usually there will be a volume of transactions and I think the price could still go down again than it is now.
For small investors expect bitcoin to fall in the near future, because they can buy bitcoin in a certain amount, but unlike big investors, they have been investing in bitcoin for a long time, so if there is a sharp decline in price, the investment they run will stagnate in place, nothing can be maximized with such an investment pattern, but the market reaction is already running on a major correction, but for bitcoin it doesn't show this as the end of its journey
Topic: Don’t rush to buy Bitcoin - page 2. (Read 1104 times)
Today there was a correction of more than 7%, of course many panicked and sold bitcoin, but many were waiting for the price to drop even lower to buy, today I put around $250 for the price of $28500 in the market, so when the price drops below $30k usually there will be a volume of transactions and I think the price could still go down again than it is now.
I think buying bitcoin must go through deep research, if we are too rushed to buy then we will regret it, I'm sure that if we hold long -term, we can get big profits, the most important thing now is when buying it must be patient, never sell With a loss condition, long -term holders will make us get huge profit.
Rushing to buy something you don't know the risk might put you in certain situation where you can't afford to hold on so proper researching on the positions you may take might be the best option to have also we most not forget about reading the chart because this will help us know what possible position and current state of the market. If we learn how to think critical on the market for sure we will earn even though the market is not in good situation.
I think buying bitcoin must go through deep research, if we are too rushed to buy then we will regret it, I'm sure that if we hold long -term, we can get big profits, the most important thing now is when buying it must be patient, never sell With a loss condition, long -term holders will make us get huge profit.
Currently the bitcoin market is still in a stagnant state after yesterday experiencing a slight price increase, stagnant movement of course can be a snowball that moves in any direction, but in my opinion, bitcoin movement which is slightly stagnant as it is now tends to move down because there are still many the pressure that is happening to bitcoin, and I think rather than rushing into the market it might be better for us to monitor bitcoin price movements in these two days, because certainly can all happen in market conditions like now although it doesn't hurt to buy bitcoin at the current price, but if possible with patience we can get bitcoin at a lower price, why not?
I think buying bitcoin must go through deep research, if we are too rushed to buy then we will regret it, I'm sure that if we hold long -term, we can get big profits, the most important thing now is when buying it must be patient, never sell With a loss condition, long -term holders will make us get huge profit.
The most volatile currency in cryptocurrency market is Bitcoin. Here we can see the rise and fall of large amount of money in a short period of time. If you make a mistake in buying Bitcoin, you will face huge lose at that moment. So never buy it in a hurry. If you are a good bitcoin holder then you will more likely to make good profit.
even if this is the most volatile , the expensive and the oldest coin yet this coin is the most profitable and most secure so Yes still Bitcoin will be our sanctuary specially for Holders like us.Buy Now and take the rush because the cheaper we can buy is the biggest earning we can have.
never doubt bitcoin because this has been here for how many years and yet? we are taking so much income for that time .
No coin is supposed to rush and buy due to the level or changes in cryptocurrency price this period, bitcoin is something you can buy even in a rush you buy, i know you will still make profit because the life of cryptocurrency is independent and it can not crash to the level were by your coins will finish, the thing that is there, or the assignment you will give yourself is to hold until the it return mega price before selling
depend in your capacity mate, because why not rush when you have funds to buy for Bitcoin? Time is the only way that we can distinguish what will happen , Bitcoin shows us for many times now that Bitcoin can climb here and there but of course this happening mostly every 4 years.
and we have seen this that Halving is what dictates the market prices.
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Likely, it was not a question of this is the right time to buy as indeed, it was the best opportunity. Neither going to ignore the current situation, We can't see this forever as sooner or later pumps may start again without knowing when.
you mentioned halving so meaning there are plenty of time to come ? 
Buying this time is still an option, I don't encourage people to do it unless they know how to hold it.
Indeed. Dont engage yourself if you're not prepared and cant handle worse situation because there's no guarantee for the price to move upward right after you buy.The most volatile currency in cryptocurrency market is Bitcoin. Here we can see the rise and fall of large amount of money in a short period of time. If you make a mistake in buying Bitcoin, you will face huge lose at that moment. So never buy it in a hurry. If you are a good bitcoin holder then you will more likely to make good profit.
most volatile? i don't think thats the reality here because there are so many coins that more volatile ng Bitcoin and they even move each seconds . 
The most volatile currency in cryptocurrency market is Bitcoin. Here we can see the rise and fall of large amount of money in a short period of time. If you make a mistake in buying Bitcoin, you will face huge lose at that moment. So never buy it in a hurry. If you are a good bitcoin holder then you will more likely to make good profit.
No coin is supposed to rush and buy due to the level or changes in cryptocurrency price this period, bitcoin is something you can buy even in a rush you buy, i know you will still make profit because the life of cryptocurrency is independent and it can not crash to the level were by your coins will finish, the thing that is there, or the assignment you will give yourself is to hold until the it return mega price before selling
I have a question to all of you who, like OP, think we could have an over 80% correction from the top. What makes you think that it will happen?
Sure, it did happen in 2014 and in 2018, BUT... If you were betting at a fighter who won 2 fights in a row, you'd think his chances of winning against another opponent are high because of his past performance. In reality, his chances are based on many other factors like, to begin with, the opponent himself.
The fact that you had 2 car accidents doesn't mean a third one is waiting to happen. You know where I'm going here.
Bitcoin is changing, evolving, and the best example of it is the last bull run that surprised most line drawers who based their predictions on bitcoin's past performance. According to them we were supposed to go to 200k usd because that would be 10x the ATH, pretty much like in 2017. We all know how these predictions aged.
Sure, it did happen in 2014 and in 2018, BUT... If you were betting at a fighter who won 2 fights in a row, you'd think his chances of winning against another opponent are high because of his past performance. In reality, his chances are based on many other factors like, to begin with, the opponent himself.
The fact that you had 2 car accidents doesn't mean a third one is waiting to happen. You know where I'm going here.
Bitcoin is changing, evolving, and the best example of it is the last bull run that surprised most line drawers who based their predictions on bitcoin's past performance. According to them we were supposed to go to 200k usd because that would be 10x the ATH, pretty much like in 2017. We all know how these predictions aged.
I know many either bought at $30K or $28K because it seems like a great price. Or even earlier at $25.5K.
However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.
Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.
You could of waited and bought close to the mid $3K for weeks.
Patience and stay away from leverage….
not sure it will happen again, I think then and now have a difference, look at many famous rich people, presidents or even big companies investing in bitcoin and crypto in 2021 yesterday until nowHowever if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.
Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.
You could of waited and bought close to the mid $3K for weeks.
Patience and stay away from leverage….
The bear market does not last as long as in 2018 and 2014 which is commonly called a 4 year cycle, I think it is no longer valid when the supply of bitcoins is only 2 million left at this time, we will continue the next ATH when people throw it cheap
Time is the only way that we can distinguish what will happen , Bitcoin shows us for many times now that Bitcoin can climb here and there but of course this happening mostly every 4 years.
and we have seen this that Halving is what dictates the market prices.
Likely, it was not a question of this is the right time to buy as indeed, it was the best opportunity. Neither going to ignore the current situation, We can't see this forever as sooner or later pumps may start again without knowing when.
I know many either bought at $30K or $28K because it seems like a great price. Or even earlier at $25.5K.
However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.
Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.
You could of waited and bought close to the mid $3K for weeks.
Patience and stay away from leverage….
However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.
Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.
You could of waited and bought close to the mid $3K for weeks.
Patience and stay away from leverage….
If you zoom out and look at the previous bear market chart, then you will see another impending major crash after a long accumulation. This time it could be more than 40%, which could cause panic in the markets and many altcoins will go down to -90% of their previous ATH. But if you are buying in parts, then this is the place to take an entry. A lot has changed, so if the opposite happens, then you won't regret it.
Last week that fall was 25% I think, and the market quickly recovered from that level too. Look at the previous year's fallout from ATH. I think it was more than 80%. This year we are sitting at -57% of its ATH, so now calculate the expected price of bitcoin. Every year, the BTC chart follows almost the same pattern so what I am saying is something expected. We just do not know when it will happen. These are not only my opinion but also some market analysts I am following.
I know many either bought at $30K or $28K because it seems like a great price. Or even earlier at $25.5K.
However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.
Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.
You could of waited and bought close to the mid $3K for weeks.
Patience and stay away from leverage….
However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.
Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.
You could of waited and bought close to the mid $3K for weeks.
Patience and stay away from leverage….
If you zoom out and look at the previous bear market chart, then you will see another impending major crash after a long accumulation. This time it could be more than 40%, which could cause panic in the markets and many altcoins will go down to -90% of their previous ATH. But if you are buying in parts, then this is the place to take an entry. A lot has changed, so if the opposite happens, then you won't regret it.
Rush or panic are things we must avoid, when we make decisions we must be smart and selective, don't just rely on emotions when we want to buy or sell, it's better to do a deep analysis before buying, the market is difficult to predict and today there is another correction .
Whatever you said that's 100% correct but the fact is that we are talking about Bitcoins here.
Cmon we all have seen what is Bitcoin capable of.
And as we know that there is a fixed or limited supply, so when the demand will be high, the price will automatically go up.
So currently buying Bitcoins is like 85% SALE, so buy as much possible as you can.
Once Bitcoin reaches it top gear, I am sure it will break it's all time high price and will run towards 100k USD.
So it's better to buy as many Bitcoins as you can and also advise your friends to buy some.
Time is the only way that we can distinguish what will happen , Bitcoin shows us for many times now that Bitcoin can climb here and there but of course this happening mostly every 4 years.
and we have seen this that Halving is what dictates the market prices.
Likely, it was not a question of this is the right time to buy as indeed, it was the best opportunity. Neither going to ignore the current situation, We can't see this forever as sooner or later pumps may start again without knowing when.
Aim to buy this whole year imo and thats just what I thought might be reasonable guessing back from last year. A lapse of constant gains and a pullback is par for the course.
Right now I wanted to note that the DXY or Dollar index has pulled back from its 20 year highs but only to the peak we saw in the pandemic sell off so a place of significance. To me that makes a pivotal point of note, I'll be watching that for reflection on strength and possibilities for BTC as its inverse of course.
Right now I wanted to note that the DXY or Dollar index has pulled back from its 20 year highs but only to the peak we saw in the pandemic sell off so a place of significance. To me that makes a pivotal point of note, I'll be watching that for reflection on strength and possibilities for BTC as its inverse of course.
I know many either bought at $30K or $28K because it seems like a great price. Or even earlier at $25.5K.
However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.
Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.
You could of waited and bought close to the mid $3K for weeks.
Patience and stay away from leverage….
However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.
Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.
You could of waited and bought close to the mid $3K for weeks.
Patience and stay away from leverage….
If you zoom out and look at the previous bear market chart, then you will see another impending major crash after a long accumulation. This time it could be more than 40%, which could cause panic in the markets and many altcoins will go down to -90% of their previous ATH. But if you are buying in parts, then this is the place to take an entry. A lot has changed, so if the opposite happens, then you won't regret it.
The first consideration when we buy is a profit target that we will get, I'm sure whatever the price we buy and we are patient, we will profit, I'm optimistic that the market is immediately Rise Again so that it immediately buys so it provides good opportunities for profit because it is to buy at the price cheaper.
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