Don’t rush to buy Bitcoin - page 3.

poldanmig

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Quote from: Chato1977 on May 25, 2022, 01:51:20 AM

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.

Halving day is one of the factors that pushes the price of bitcoin to increase due to the many block reductions that occur every 4 years, the last time the halving day occurred in 2020 and as a result in 2021 the price of bitcoin was able to rise quite high and even reach its highest price so far, I think the many negative effects that are currently triggering the decline in bitcoin prices and of course this is an opportunity that we can use to buy bitcoins at cheap prices, if you really have cold money of course it won't hurt to buy bitcoins now and save them until the next halving day occurs in 2024.

Rufsilf

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Quote from: Chato1977 on May 25, 2022, 01:51:20 AM

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.

Buy today and wait for the next halving, I don't think that was hard for someone who wants to earn more unless holding is hard to do it.
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.

Chato1977

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Quote from: Natalim on May 23, 2022, 06:18:05 AM

Quote from: Chato1977 on May 23, 2022, 05:46:42 AM

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

Bitcoin will still increase, that's given already, however, we can never ascertain when it will happen. If we are buying now, good decision because we are seeing a dip, however, it's still okay if you will wait for a bit because bearish might continue and bitcoin might continue to drop.

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.

EdenHazard

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Quote from: m2017 on May 23, 2022, 01:17:11 PM

Quote from: yhiaali3 on May 23, 2022, 12:41:54 PM

I think buying at the current point is very good because I believe we've hit the bottom, I don't think Bitcoin can slide any further, given the rather good weekly closes in the past weeks I expect buying at this price is quite appropriate, but as you mentioned from Precautionary door The best part is to buy with part of the capital only and to wait for the market, in case it drops more than that, it is possible to buy with another part, this market is volatile and no one can predict what might happen.

Some believe that bitcoin can't fall further, others that bitcoin will definitely fall, and others that it will stay at about current levels. I think that no matter which of the options we believe in, we still can't influence the development of events in any way, if we talk about each separately. Moreover, all attempts to predict events are doomed to failure, in my opinion. Personally, I see the optimal solution in periodic purchases of bitcoin for part of my funds, as you suggest. Not only you, as many voice a similar strategy of behavior in the current market situation. It's not worth rushing to buy bitcoin, especially with all money, but I would not recommend missing out on the opportunity for profitable deals (it will become known only after a while that ~$30k is a very good price). Therefore, need to balance between greed and fear.

True.

No matter what kind prediction popping up , if you are a real believer then .. anytime is a great time to buy bitcoin , you just need to split it into several buying phase and accumulate it at the end of these downhill , i've tried it and once you got it to the very bottom of the bitcoin price line , it feels really good!

Not just the profit but there is priceless satisfaction. So yeah i'd recommend to keep buying!

m2017

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Quote from: yhiaali3 on May 23, 2022, 12:41:54 PM

I think buying at the current point is very good because I believe we've hit the bottom, I don't think Bitcoin can slide any further, given the rather good weekly closes in the past weeks I expect buying at this price is quite appropriate, but as you mentioned from Precautionary door The best part is to buy with part of the capital only and to wait for the market, in case it drops more than that, it is possible to buy with another part, this market is volatile and no one can predict what might happen.

Some believe that bitcoin can't fall further, others that bitcoin will definitely fall, and others that it will stay at about current levels. I think that no matter which of the options we believe in, we still can't influence the development of events in any way, if we talk about each separately. Moreover, all attempts to predict events are doomed to failure, in my opinion. Personally, I see the optimal solution in periodic purchases of bitcoin for part of my funds, as you suggest. Not only you, as many voice a similar strategy of behavior in the current market situation. It's not worth rushing to buy bitcoin, especially with all money, but I would not recommend missing out on the opportunity for profitable deals (it will become known only after a while that ~$30k is a very good price). Therefore, need to balance between greed and fear.

yhiaali3

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I think buying at the current point is very good because I believe we've hit the bottom, I don't think Bitcoin can slide any further, given the rather good weekly closes in the past weeks I expect buying at this price is quite appropriate, but as you mentioned from Precautionary door The best part is to buy with part of the capital only and to wait for the market, in case it drops more than that, it is possible to buy with another part, this market is volatile and no one can predict what might happen.

Marvell1

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Quote from: Natalim on May 23, 2022, 06:18:05 AM

Quote from: Chato1977 on May 23, 2022, 05:46:42 AM

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

Bitcoin will still increase, that's given already, however, we can never ascertain when it will happen. If we are buying now, good decision because we are seeing a dip, however, it's still okay if you will wait for a bit because bearish might continue and bitcoin might continue to drop.

If bitcoin goes up tomorrow, we will regret not buying today. Since the price has dropped a lot, it's a good idea to buy now. But in order not to miss the opportunity if bitcoin continues to drop, we should DCA instead of buying all at once. We don't need to worry too much about btc because btc is not shitcoin and it has been proven to always increase over time.

Ararbermas

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People are rushing to buy bitcoin but afterwards they use to complain because instead of making progress it keep decreasing. Lol
Patience is the key on this situation and if we keep diving everytime it fluctuate, surely we will end up massive losses. Never ride the FOMO make fundamental and technical analysis instead to assure everything will gonna be alright that's the good suggestion.

bitterguy28

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Quote from: Chato1977 on May 23, 2022, 05:46:42 AM

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

relate on this mate , and indeed that stopping listening or reading and just forget the world a while from crypto and focus in somewhere that will refresh your mind.

Quote

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

it is not something we need to believe because that is already written in our future lol.

Quote

but of course always consider buying more while the price is discounted.

and this is the perfect timing for that , buy now or cry tomorrow .

Natalim

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Quote from: Chato1977 on May 23, 2022, 05:46:42 AM

Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

Bitcoin will still increase, that's given already, however, we can never ascertain when it will happen. If we are buying now, good decision because we are seeing a dip, however, it's still okay if you will wait for a bit because bearish might continue and bitcoin might continue to drop.

Chato1977

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Let us not check News now and then because this will add pressure to our mindset and may distract our target for our investments .

So Best to try changing our thing and believe that Bitcoin will still increase even that LUNA is in that deep problem nowadays.

but of course always consider buying more while the price is discounted.

lienfaye

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Quote from: Kelvinid on May 22, 2022, 06:53:30 PM

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.

Thus buy at your own risk but it would be less risky for investors who have plan to hold for long period because the current price is still cheap to fill our bags.

As long as the amount you'll invest is something that you can afford to lose then buying at this point is not a bad idea.

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Quote from: sana54210 on May 22, 2022, 03:50:31 PM

This should be the case when you are investing, if you could invest and make a ton of money without even breaking ATH then it could be the key here and it could benefit you. Look at the support lines and the resistance lines, they are clearly wildly different because support is close but resistance is nowhere to be found, that's great deal right now.

We can't still find assurance making a huge profit this time, not even to make easy gain after buying. Holding is really the thing we do, for now, quite it tests our patience again. But if we are a long-term holder, this is not a problem, I am just doubtful how these weak hands manage this.

Buying this time is still an option, I don't encourage people to do it unless they know how to hold it.

sana54210

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Quote from: onecall123 on May 20, 2022, 10:10:37 AM

Quote from: Questat on May 20, 2022, 07:53:39 AM

I think you are right, bitcoin might fall a bit and we will see more opportunity to buy at a lower price. However, if you buy at the current price, I still think you buy it at a cheaper price, and since we don't really know what would happen next, then we take the opportunity when we see one.

Well, I would not invest everything I have so I could still buy some when the price hits $10k or lower.

Though it may seem as if the market is not moving, there are still opportunities to be found. Fear and greed reached their lowest point since March 2020. However, many people are beginning to see the potential and are now turning to trading. You can make money in any market condition with trading. Furthermore, I am interested in low prices so I would not mind making an entry.

This is such an obvious thing and people are still not seeing it. I get that people are looking at it like it is going down or it's down and we are in a bear market and all of that. But, the reality is that we are not looking at something that could go down too much more, but it could go up a hell lot more.

This should be the case when you are investing, if you could invest and make a ton of money without even breaking ATH then it could be the key here and it could benefit you. Look at the support lines and the resistance lines, they are clearly wildly different because support is close but resistance is nowhere to be found, that's great deal right now.

tygeade

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Quote from: SirLancelot on May 21, 2022, 09:22:54 AM

Quote from: mich on May 20, 2022, 01:30:51 AM

I have a really good friend of mine who bought a ton of Bitcoin and some alt coins right before this crash. He has a lot of anxiety about it because he hasn't seen this kind of thing before. As someone who's been heavily into crypto for years, I keep telling him not to worry because I have seen so many corrections over the years but he keeps looking at his wallet.
I probably give him the same advice weekly: BTC is a long hold, just wait it out. I tell him, I don't even look at my wallet anymore. It’s a revolutionary technology, you have to understand that corrections are a natural part of crypto and its growth potential is still huge.

So in short, he was new? Because, these kind of events are new to him but why did he invest a ton? No wonder why he is worrying now but newbie or not everyone must only invest what they can afford to lose. You're a good guy because you are trying to comfort your friend and encourage him to stay positive. If only without your help maybe there something bad that happened to your friend already. Keep checking your wallet doesn't help the price to recover or rise but it will only make you more tense.

We don't need to worry about btc because btc is not a scam coin and btc works best if you hodl it for longer terms. He is a newbie but he can always do a research and check the price history of btc for him to gain confidence.

There are ton of newbies who see bitcoin as a thing that will not go up too much, and that usually results with something that will go up super high because most of the newbies want to get in, invest, get super rich as quickly as possible, and then get out as quickly as possible.

This doesn't happen of course, they end up with something that will crash because the richer you want and the quicker you want it, the bigger risk you are taking and that will eventually end up with something risky as well. I personally would invest into bitcoin because I know that it will take a while before it could make some profit for me but it will make that profit one way or another.

Silberman

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Quote from: niceli on May 19, 2022, 03:19:33 PM

Quote from: Silberman on May 19, 2022, 02:48:28 PM

I think the recent drop in the price has caused a great deal of the newbies and weak hands to sell their coins, and while this means that most likely they have lost some money over the last months this will help the market, as now it is way more difficult to make the price drop not only because there are huge walls in every exchange willing to buy bitcoin at any price lower than 30k, but also those that remain are stronger hands and they are not so easily scared as those that have sold their coins already.

I do believe that there is a reason for all these weak hands and the newbies who end up selling at this level when it is low, because they haven't been here for long time. This could be something that causes them to not live this before, and since they never lived something like this before, that causes them to not understand how it could bounce back. Which should be something you gain with experince over a period of time. When you are here long enough time, you get to keep seeing it all the time and you live through these things, you end up becoming used to it. That way you get to hold it even when it crashes really hard just like it did recently.

Without a doubt their inexperience plays a very important role, now if they took the time to see the charts they will see that bitcoin has moved like this many times in the past, however there is a huge difference between seeing this in a chart and going through it when you are heavily invested in the market, so while I do not blame them as I can understand how hard this can be for them, at the same time it surprises me they are so unprepared and so unwilling to hold their coins when they know the price will eventually recover.

OgNasty

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Now seems like a really dangerous time to buy Bitcoin. Not just because of the price, but moreso because of the amount of leverage currently taking the long side. A small breakdown from here would trigger margin calls and liquidations that would send the market into a downward spiral. I'm a bit surprised that so many people are betting the farm here after the breakdown we just had. People seem to be placing their bets that Do Kwon was an idiot and the damage he did is now behind us. I tend to agree, but I'm not making leveraged bets on it. I'd wait until the longs get liquidated or cash out before jumping back in if you're on the sidelines.

Ultegra134

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Quote from: SirLancelot on May 21, 2022, 09:22:54 AM

Quote from: mich on May 20, 2022, 01:30:51 AM

I have a really good friend of mine who bought a ton of Bitcoin and some alt coins right before this crash. He has a lot of anxiety about it because he hasn't seen this kind of thing before. As someone who's been heavily into crypto for years, I keep telling him not to worry because I have seen so many corrections over the years but he keeps looking at his wallet.
I probably give him the same advice weekly: BTC is a long hold, just wait it out. I tell him, I don't even look at my wallet anymore. It’s a revolutionary technology, you have to understand that corrections are a natural part of crypto and its growth potential is still huge.

So in short, he was new? Because, these kind of events are new to him but why did he invest a ton? No wonder why he is worrying now but newbie or not everyone must only invest what they can afford to lose. You're a good guy because you are trying to comfort your friend and encourage him to stay positive. If only without your help maybe there something bad that happened to your friend already. Keep checking your wallet doesn't help the price to recover or rise but it will only make you more tense.

We don't need to worry about btc because btc is not a scam coin and btc works best if you hodl it for longer terms. He is a newbie but he can always do a research and check the price history of btc for him to gain confidence.

Uh, he's not the only one to be honest, while it's completely understandable for someone to be stressed over money. I don't blame him for being anxious regarding the market, however, I do blame him for spending a fortune buying Bitcoin and altcoins, without using a budget. Generally, I've stopped looking at the charts or my wallet, there's no point, at least for Bitcoin, it's the only I trust and look forward to in the future.

rahmatrf331

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Quote from: SirLancelot on May 21, 2022, 09:22:54 AM

Quote from: mich on May 20, 2022, 01:30:51 AM

I have a really good friend of mine who bought a ton of Bitcoin and some alt coins right before this crash. He has a lot of anxiety about it because he hasn't seen this kind of thing before. As someone who's been heavily into crypto for years, I keep telling him not to worry because I have seen so many corrections over the years but he keeps looking at his wallet.
I probably give him the same advice weekly: BTC is a long hold, just wait it out. I tell him, I don't even look at my wallet anymore. It’s a revolutionary technology, you have to understand that corrections are a natural part of crypto and its growth potential is still huge.

So in short, he was new? Because, these kind of events are new to him but why did he invest a ton? No wonder why he is worrying now but newbie or not everyone must only invest what they can afford to lose. You're a good guy because you are trying to comfort your friend and encourage him to stay positive. If only without your help maybe there something bad that happened to your friend already. Keep checking your wallet doesn't help the price to recover or rise but it will only make you more tense.

We don't need to worry about btc because btc is not a scam coin and btc works best if you hodl it for longer terms. He is a newbie but he can always do a research and check the price history of btc for him to gain confidence.

I think he panicked and was very worried because he had bought too many bitcoins. it could be said that the friend of a person who is too greedy and greedy will become a rich and successful person. this is a big mistake for him at least before buying a large amount he needs to understand and check the market conditions first and then buy bitcoin. but what's the story the rice has become porridge.

SirLancelot

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Quote from: mich on May 20, 2022, 01:30:51 AM

I have a really good friend of mine who bought a ton of Bitcoin and some alt coins right before this crash. He has a lot of anxiety about it because he hasn't seen this kind of thing before. As someone who's been heavily into crypto for years, I keep telling him not to worry because I have seen so many corrections over the years but he keeps looking at his wallet.
I probably give him the same advice weekly: BTC is a long hold, just wait it out. I tell him, I don't even look at my wallet anymore. It’s a revolutionary technology, you have to understand that corrections are a natural part of crypto and its growth potential is still huge.

So in short, he was new? Because, these kind of events are new to him but why did he invest a ton? No wonder why he is worrying now but newbie or not everyone must only invest what they can afford to lose. You're a good guy because you are trying to comfort your friend and encourage him to stay positive. If only without your help maybe there something bad that happened to your friend already. Keep checking your wallet doesn't help the price to recover or rise but it will only make you more tense.

We don't need to worry about btc because btc is not a scam coin and btc works best if you hodl it for longer terms. He is a newbie but he can always do a research and check the price history of btc for him to gain confidence.

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