Topic: getting back into the BTC game (Read 1051 times)

If that's what you intend to do then I won't object because it's your right but I won't agree if you try to give that advice to everyone because that will most likely cause many people to miss out their investment opportunity. I have seen many Kols with millions of followers on X or telegram groups with tens of thousands of members also making predictions that bitcoin will fall to $35k or $28k...But what now? bitcoin is currently trading at $68k. Maybe many people have sold their bitcoins because of these wild predictions, and we can see how giving indiscriminate advice to others can sometimes have serious consequences. Of course, those people are foolish to rush to believe any advice without doing their own research, but it is also not good for us to give advice indiscriminately.

I'm not trying to give financial advice to anyone at all, it's just what I personally would do.
Why am I thinking about falling? 
On the weekly chart of Bitcoin it is absolutely clear to see a trend that has changed and is going down. And at the moment we are at the top of this trend, so I think it can only go down further.  
Of course, it’s everyone’s personal choice to buy Bitcoin this way or through the DCA. I wish everyone profit and good luck.

Waiting isn't a word I like to hear as waiting can make you to miss buying at a more affordable price and I have heard stories of how waiting made some individuals to miss buying Bitcoin. Bitcoin dumping shouldn't scare us but give us you more reason to buy and not be scared of keep buying. I would say we buy right now and buy more if the market decides to dump but I don't think that is going to happen as we are getting more bullish due to the different events happening. Bitcoin conference is happening and there are going to be alot of speakers that will make the event to be bullish and cause some individuals to start buying as we wait for the bull market to starts officially.

Another trigger of the increase is the halving. I remember the price last time was only at the $50k range but look where it was now, it was now at the $60k zone, so this is clearly a recovery. Another indications to tell is by checking the fear and greed index. I didn't checked it yet but I'm sure that the fear percentage is now on its lowest rate because like you said, many people are optimistic about BTC.

Usually this isn't just optimism alone but they can also team it up with action or through buying. As for the $100k, we are still far from it, so you are right that it's better to just wait and calm down. In fact, things are going to get faster if you don't keep on tracking them.

What do you rely on to guarantee that bitcoin will drop to 35k$-45k$? Do you sell all your bitcoin and wait for it to drop in price as you predicted because that will help you buy twice as much BTC for the same amount of money? I don't know if there have been any changes since the bitcoin ETF was approved but I still want to tell you that bitcoin is still the same, unpredictable. Therefore, do not be too subjective that you understand bitcoin, understand the market and think that your prediction will definitely happen.

Like the recent adjustment when the German government sold bitcoin, many people had the same prediction as you. They thought that bitcoin would fall below $50k and they were determined not to buy when it dropped to $53k, but in the end bitcoin has unexpectedly recovered. They already regret not buying it when it was $53k and now they will have to buy it for more, so I don't think it would be a wise decision not to buy now and use DCA.

It's just better not to rush now.  The price behaves very sharply after the introduction of ETFs, and it is absolutely clear that the market has changed and the old patterns are not working. 
Price movements have become fast and recoilless, whereas before the price always adjusted its course. Therefore, it is better now to wait until 35-45k in Bitcoin to the dollar. 
I am sure this goal is close, because a sharp decline has begun.

If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.

Welcome back to the crypto world! It's great to hear you're taking steps to secure your investments with a Trezor Safe 3. As for the future potential of Bitcoin (BTC), here's a balanced perspective:

Optimistic View:
Institutional Adoption: Major institutions are increasingly adopting Bitcoin, which adds legitimacy and stability. Companies like Tesla, MicroStrategy, and Square have made significant investments in BTC.
Scarcity and Demand: Bitcoin's capped supply at 21 million coins creates scarcity, which can drive up value as demand increases.
Technological Advancements: Continued development in blockchain technology and layer-2 solutions, such as the Lightning Network, improve Bitcoin's scalability and transaction speed.
Regulatory Clarity: In many regions, clearer regulatory frameworks are being established, which can reduce uncertainty and encourage broader adoption.
Cautious View:
Volatility: Bitcoin remains highly volatile, which can be a risk for investors who are not prepared for significant price swings.
Regulatory Risks: While some regions are becoming more crypto-friendly, others may impose stricter regulations or even bans, which could impact Bitcoin's market.
Market Sentiment: The crypto market is heavily influenced by market sentiment and news, which can lead to unpredictable price movements.
Competition: Bitcoin faces competition from other cryptocurrencies and blockchain technologies, which could impact its dominance and value over time.
Personal Perspective:
While I don't have personal views, it's clear that Bitcoin has both strong potential and significant risks. It's wise to stay informed, diversify your investments, and be prepared for the inherent volatility of the crypto market. If you're optimistic about the long-term prospects of Bitcoin and blockchain technology, "hodling" could be a rewarding strategy.

However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.

what I have to tell you is that and whatever thing you are doing you got to make a proper research so that the thing will not fall back to you because when looking at everything it is since that the knowledge of Bitcoin does not have an extreme end so you most devote out time, to do whatever thing that you know that you benefit you in future because when I started it the journey of cryptocurrency mostly Bitcoin I have to take all the risk to make a proper research concerning cryptocurrency so from my own basic knowledge of crypto I know that it is something that I have to do with some certain things so those things that it has to do patient and also inquiring to be able to know the rules and the regulation of Bitcoin before you go into the investment

Welcome back. There is a solution to the problem of hijacked accounts. If you are an active old user, you know how and where you will get the knowledge to find solutions to hijacked accounts.

I am in the group that is always optimistic about Bitcoin. Bitcoin will be a valuable electronic currency in the future even though I cannot use Bitcoin as a legal currency in transactions due to legal restrictions.
As a commodity asset, Bitcoin for me is one investment asset that can protect against fears such as a decline in the value of fiat currency.

It is necessary and if not, then it is like you are only throwing away your money. You can only hope and pray that nothing bad will happen about your phone and computer where you keep your keys. Losing a coin doesn't always mean that someone didn't make a backup but there are also cases like hacking and fraud transactions (only a few to mention).

So, it's important to keep on learning and stay updated on how to avoid them. Backing up a wallet might be easy for us because we are an experienced user already but not for those who are still starting, though it would be better if they won't start buying Bitcoin first until they already master the basics of bitcoining.

You really helped yourself by sharing this here, because is very sadly when i had that some one account has been hijacked after all the effort putting in to grow up the to reach full member rank. To be honest is not a day jobs, but let me say a big congrats to you since you can find finally get your account back soon; because I saw a one our users here have shared you a link on how you can get you account back.
Apart from the Bitcoin investment I don't think they will be a other coin that will do better like them, because upon say the market of Bitcoin is flutrating it still has much value them other coin, and that's why people's they still keep up on purchasing Bitcoin even thought the price is higher in the future it be better.

there may be some investors who feel panicked by what has happened recently in the bitcoin market, and that is normal, and I agree that looking at the current market, bitcoin is in a gradual recovery stage, and if you look at the current market movements that shows bitcoin has increased at $64K towards a positive direction, yes I think everyone who invests in bitcoin still has confidence. to continue waiting for the price to rise until it reaches the target set by bitcoin holders themselves, including myself, who is very confident in bitcoin, and very confident in the investments I have made so far, as long as we wait patiently and are consistent with what we have done so far. This. I think it's still possible to reach $100k by the end of this year,

Of course and what you say is a fact and there have been consecutive events that have caused BTC prices to be depressed after the previous 73K increase where one of the triggers was the approval of the Bitcoin Spot ETF by the SEC and now the price is still in the recovery phase where the price is now around $64,250, but I still I'm sure because many are still optimistic that the BTC price will rise and move even higher after this market frenzy is over and let's wait and see whether Bitcoin will be able to reach 100K in 2024.

I fully agree that making copy of your wallet backup phrase and private keys is very important. Story which you mentioned about someone losing their wallet and offering reward to get it back shows how important backups are. It is surprising they did not make copy which is easy step to take to avoid stress and losing money. I also think DCA is good way to buy Bitcoin but it requires having extra money to invest regularly. However making sure to back up your wallet is crucial and should not be ignored to keep your money safe.

Good to hear you're back again. Welcome aboard mate. Now if you asked me if I'm still optimistic about bitcoin? Of course, I do. I wouldn't be staying here for long waiting for nothing, stretching my patience without a bright future waiting ahead for me.

Bitcoin has definitely come too far. Not only on its price, but also on how the people have changed their perspective about bitcoin. Bitcoin has already reached a significant price while you were out, and as long as the demand for bitcoin will continuously grow, its price as well will certainly not stop from increasing its value every now and then.

Yes, I sent them the email from the email address that the account was originally opened with.  However, I don't know what it was changed to after the account was hijacked, so who knows what the current registered address is.  This was their response to me:

"Unfortunately since the account has no relevant history that could help us with the recovery process, we have decided that it will remain locked. If you want to continue using our platform, our suggestion is to create a new account using a different email address as it will have the exact same privileges as this one.  Thank you for your understanding."

I would think that emailing them from the email account that it was originally registered with would be enough to prove ownership, but I guess that's not good enough.

But will OPP have the courage to buy if OP returns to the market when bitcoin falls below $20k? Also, OP is not the only one returning or starting to enter the market, there are many new who want to enter the market. It's true that this is not the best time, but if you still think this time is not suitable to buy bitcoin, then what is a good time for beginners to start? What guarantee do you have that bitcoin will correct and decrease as you say?
I remember when bitcoin fell to $53k, many people didn't dare to buy and they drew hundreds of charts showing that bitcoin would fall to $48k, but as a result, bitcoin was trading at $65k. Why don't we use DCA instead of waiting while there is no certainty about the future?

It’s bad that you didn’t return it a year and a half ago, since then the price was 20 thousand for Bitcoin. Now is not the best time to invest, because the price has long been in the corridor between 60-70k and sometimes breaks it up and down. If you decide to buy Bitcoin, it’s better not to do it now, but at the next drop to 60, or 57k. Because at least this way you can be sure that the price will continue to rise.