Topic: Don’t rush to buy Bitcoin - page 4. (Read 1095 times)
I also think so, if you look at what happened to the market decline that occurred in the past after 1 year before reaching ATH, the decline continued to occur, it is possible that it will repeat itself at this time, we do not know to what extent this decline will continue. it's better not to rush or buy in small quantities slowly and wait for the lowest price.
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 .
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. Well, I would not invest everything I have so I could still buy some when the price hits $10k or lower.
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.
I know you did the right thing to convince your friend not to worry too much about the current price correction. Obviously there is a very high psychological pressure on those who are currently losing some money due to the price drop, but when they are confident and optimistic about the future of bitcoin and its potential, then maybe they can control their psychology and wait for the right moment to make a profit.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.
I don't know how many bitcoins your friend bought at a higher price than now and how much money has been lost from the estimated value of his assets but he should know that bitcoin is the best investment in the long term. He just needs to wait and learn everything about the market and how to control his emotions when the market is bearish. You can also reassure your friend that only the approximate value of his asset is decreasing while he still has the same amount of bitcoins to hold on to in the long term.
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.
Well, I would not invest everything I have so I could still buy some when the price hits $10k or lower.
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.
It was hard for them and those newcomers that haven't yet experienced this. Those who come during the bull market will simply think this was the end of crypto but for us who have been in the market for many years, we know how to handle this thing. 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.
And I hope your friend will listen and follow your advice. Yes, it could be wise not to visit and check our portfolio during the bear season as this will just hurt us. We'd rather busy ourselves with other stuff to divert our mind and to keep ourselves calm.
Right, seeing the market trend that continues to decline from New Ath Ath last November made me not take any action after a few weeks ago, I had diverted about 70% Bitcoin to stable coins when the price was still around $ 40k, and I didn't want to buy anymore Because many analysts argue that the market is still red until now.
40k you transferred ? why not when the price is 48k weeks ago ? that is much higher to that 40k selling lol.but I did 50% , not 70% because i still believe in advancement even there are some price drops happened last weeks.
Tomorrow will be the opening of a new weekly candle. We now have seven red weeks in a row. Judging by the shadow of the last candle, the next one could be a reversal candle. If the next candle is red again, then I will be definitively convinced that we have a long-term bear market ahead of us. If a rebound should happen, I expect it to happen soon.
so what does the candle brings? it is 5 days that it happened . 
Actually the price is not the stable one in the crypto currency.Being a experienced traders,most of us know this.This is not the option to do such things.When ever market dump,it’s essential one to do holding.Only the panic sellers will do of cash out.Why it’s essential to cash out,when the market is very down.Hold for the market strength to recover to the old value to get profit.
That should be the way to run an investment, this is influenced by how much knowledge each trader has, the concept is very simple in basic investment knowledge, that's why holding potential coins is much more profitable than trying to speculate, because of the level of security of the assets we have can be set in a corrected market condition, but if we hold non-potential coins, this is even more dangerous when the market is experiencing a severe correction, because it is difficult for this kind of coin to strengthen again 
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.
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.
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.
But then again, the market is cyclical, when people gain experience, and doesn't bother to get panic at a slight or even massive drop, there will be new players in the market who is unfamiliar and will immediately push the sell button if they see their portfolio going down. So for now, there is no really, just marginal increased to $30k, but that is very important because it is the support levels for now. So we need to get back to $30k'ish this month to at least have some confident entering the second half of the year.
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 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….
Seeing the ~$30k price drop, some panicked and sold their bitcoin at a higher price at a loss, while others rushed to buy this as an opportunity to buy at a lower price.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….
Judging by the fact that the price stays, roughly speaking, at the level of ~$30k, we can say that the number of sellers and buyers is approximately at the same level. That is, a balance between supply and demand.
I agree with your statement, can't rush to buy bitcoin and the bear market can drag on for a long period, which will allow you to see an even lower price than now. I am inclined to believe that it is now possible to buy crypto with some of their funds allocated for this and repeat periodically for small amounts. All the same, in the long run it will be profitable, even if the price falls even lower than the current values.
Right, seeing the market trend that continues to decline from New Ath Ath last November made me not take any action after a few weeks ago, I had diverted about 70% Bitcoin to stable coins when the price was still around $ 40k, and I didn't want to buy anymore Because many analysts argue that the market is still red until now.
Just buy what you think is already the best price for you because it will always depend on how you see the market and will depend on the analysis you have made. Don’t listen to any FUD or HYPE, just continue to read the chart and no matter what the price you buy, don’t forget to have a target price to sell.
Exactly but for now I will just read the news because there's something huge happen in the market and until Luna issue will not be solve by their developers, maybe we can see people fear to buy some bitcoins or alts because it may trigger another fall. For now monitoring is best action to do since its hard to catch sharp knife while everyone is falling.
meaning this bearish will end nearer and wont last that long.,
maybe we will be seeing another fall in the next week as we are near to enter the end of second quarter as this is the crucial time for crypto till 3rd quarter.
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….
But if we are willing to keep Holding and capable of having funds to risk and wait? then best this is the chance to purchase as I happened to buy at 26k value and now earning at least some percentage as the price climbed back to 30k .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….
but your point are valid because sometimes there are sayings about repeating history itself.
Tomorrow will be the opening of a new weekly candle. We now have seven red weeks in a row. Judging by the shadow of the last candle, the next one could be a reversal candle. If the next candle is red again, then I will be definitively convinced that we have a long-term bear market ahead of us. If a rebound should happen, I expect it to happen soon.
We can't conclude on a complete rebound on the market. There happens slower phase change. The price have finally crossed $31k and this could trigger people missing an opportunity to invest at the low bottom. Maybe more people can consider buying, and the same could reflect in steady growth of the price. However we can't expect a bullish move, what we experience seems to be the bullish fluctuation out of the bear market.But then again, the market is cyclical, when people gain experience, and doesn't bother to get panic at a slight or even massive drop, there will be new players in the market who is unfamiliar and will immediately push the sell button if they see their portfolio going down. So for now, there is no really, just marginal increased to $30k, but that is very important because it is the support levels for now. So we need to get back to $30k'ish this month to at least have some confident entering the second half of the year.
The important thing is that you don't buy bitcoins with the all-in option because if the price goes down, you won't be able to buy bitcoins anymore.
Maybe buying little by little in times of deep decline will be one way we can get more bitcoins.
But before you buy bitcoin, you should analyze the market movement and set a lower price than the current one if you predict the market movement will continue to decline.
So it will help you in buying bitcoins at low prices and you will be able to get more bitcoins at that time.
Recently there was a guy here that says he wants to all in, in bitcoin by the time btc dips a little more. What a crazy guy, what he was thinking when he said that? But, I don't know if he really mean to do it, maybe he only got carried away with his emotions but there's actually one family that I know who did all in everything for btc. That is not recommended though. They can just invest a major portion of their wealth and still earns good by the time btc pumps.Maybe buying little by little in times of deep decline will be one way we can get more bitcoins.
But before you buy bitcoin, you should analyze the market movement and set a lower price than the current one if you predict the market movement will continue to decline.
So it will help you in buying bitcoins at low prices and you will be able to get more bitcoins at that time.
There is no need to be greedy and sacrifice the important things in your life like your house, car and etc... and like you said, we can't buy anymore whenever the price dips again. That's going to be a boring moment for our bitcoin journey.
After all, we know that the crypto market today is more volatile than usual and it could make him confused to keep holding on to it.
It could be because of his emotions that saw the price of bitcoin drop drastically to this level that he said the sentence would put all his money into bitcoin if the price fell any further.
In investing, we must also calculate how much money we want to use and not use all the money to buy at one price.
It is better to be careful in investing and always make a backup plan to anticipate any changes that occur in the market.
Tomorrow will be the opening of a new weekly candle. We now have seven red weeks in a row. Judging by the shadow of the last candle, the next one could be a reversal candle. If the next candle is red again, then I will be definitively convinced that we have a long-term bear market ahead of us. If a rebound should happen, I expect it to happen soon.
We can't conclude on a complete rebound on the market. There happens slower phase change. The price have finally crossed $31k and this could trigger people missing an opportunity to invest at the low bottom. Maybe more people can consider buying, and the same could reflect in steady growth of the price. However we can't expect a bullish move, what we experience seems to be the bullish fluctuation out of the bear market.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.
The thing is, we cant certainly predict if that specific low price is already the bottom and there's no further downward movement. Thus it depends on our own analysis and what we think could be the perfect time to buy. Like I have always said, every dip is an opportunity to accumulate since we cant pin point the bottom. Thus if you have a budget and the price is declining then just buy and have a set price when to sell.You could of waited and bought close to the mid $3K for weeks.
so lets see what comes to the position because this season is really not a good shape for the whole cryptospace and not only in bitcoin.
i would rather buy now than to see like your stand because this seems to be a badly corrected value.
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.
The thing is, we cant certainly predict if that specific low price is already the bottom and there's no further downward movement. Thus it depends on our own analysis and what we think could be the perfect time to buy. Like I have always said, every dip is an opportunity to accumulate since we cant pin point the bottom. Thus if you have a budget and the price is declining then just buy and have a set price when to sell. You could of waited and bought close to the mid $3K for weeks.
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