Topic: How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now? (Read 734 times)

I don't feel lucky having bought the market down to $3200 because to me that's a practice of common sense. I know that I will very likely NOT be able to buy the perfect bottom, and that's exactly why I am not trying to do so. I always use smaller fractions to buy the market down, where I increase the fractions the lower the price will go. If we hit $2000 I would buy it just like how I bought $3200. Drop it to $1000 and I'll keep buying.

People who bought it by luck just speculated on a bounce and have very likely sold already. Most people were waiting for even lower levels, but they never came.

It is ALWAYS the same. People roll out their boasts about how they're going to buy when it hits X price. When X price truly hits they're rocking back and forth with snot, sperm and tears smeared all over their face.

Words are cheap. Everyone's a hero until it's time to actually step up and only the most disciplined and unemotional have the guts to follow through.

I think the people who wanted BTC at $2000, weren't going to buy it out of fear. Some for the ones who wanted it at $1000. They assumed since it already went this low, it can go lower and they would of been scared to buy.

Same reason why there was so little buying at $3100 and instead people bought only on the way up when price broke $4200, and this situation won't be any different when we break $10K or hit a new ATH, if ever.

Another reason why we got a short squeeze was that many bears were waiting for $3K or $2K or $1K which didn't happen and they put their short trade on stop loss at $5500 which is where it hung around for a day or 2 before dropping. So they wanted to exit the trade at break-even and hence why price quickly rose to there.

The thing here is that, you do know on how to spot out that 2nd time? With this very unpredictable market.It would be hardly to spot out on that kind of chance
and those 3k opportunity is already gone.We might possibly to revert back but most likely we wont able to see that low price once again.Lucky for those who bought
in on that range.

800$ not bad at all it could be happen if the power of seller greater than the buyer . My friends waiting for 100$! what a joke. But I see the market have strong support at 5000$ and it has confirmed. Hard to say if this just a bull trap or we are already in bullist market, only depending on the time . but some professional on tradeview said that we are still on bear market.

The most important thing is not to waste the opportunity for the second time dude. we know the price will definitely recover someday,
and when the price is still low and below the previous ATH then take advantage of that time to collect and buy more

It's a good thing you said if, crypto is still a speculative market at best and that's the most of what we can expect - the 'if' function. I bet there are those who bought at 15k and said if it goes back to 20k they'd be rich... I think you understand how traumatizing what one year and counting could do to such individuals. So there are those still waiting patiently for the <3000 range.

The process of finding the right price for an asset is incredibly difficult in the markets and everyone makes mistakes, for example I was one of those that thought the lowest point for bitcoin will be 6000 and it is clear that I was mistaken and the same happened to all of those that thought the price could go lower than 3000, but that is not really that important, the important aspect of all of this is what do you do when the market proves you wrong? If all of those that were waiting for bitcoin to reach a price below 3000 bought at 4000 when they realized their mistake they still made money even when they were mistaken.

I can understand the mindset if you just viewing from the side lines but the situation would not change at any fiat value. Its never to late to start buying and to spread the risk keep buying on timed intervals. [weekly monthly]

Some set of people in most cases must regret for their uninformed decision of not buying Bitcoin as at the time its market value was around $3000 or below. What such people are good at is to wait price to go up and they jump in buy and that is when some good investors will take profit and the price will drop eventually and will affect them negatively again.

I think some of them has sifted ground to $4200 and $4000 as the lowest bitcoin can fall to now.  It is how this market work and we have different views about the market.  I think some of those speculatives doom for bitcoin are buying now and I think that is how this market should work.

This is something I see a lot in traders, they make a prediction and when it does not happen instead of just admitting their mistake and update their predictions based on the new information the market is giving they rationalize why the market should still follow their prediction, and as you may guess that is the moment they lose the most money since they keep their positions open for too long when they should just close their open positions and be glad their losses were small.

The purpose for those haters is also to buy at the price OP mentioned, that is why they create FUD that might cause crashed price, but unfortunately for them, it is already too late, now that they cannot buy for that again, they are trying to create FUD for $4500 which will still not work.

As it is now, bitcoin is not ready to follow the down trend path again, I think the bulls have successfully killed the bear and any bear that may want to rise up now is not yet born. So, let them continue with their FUD till they miss out, we most always have people that will stand as example to other in future. So we need them.

They are not to blame when the price of bitcoin drops, some bitcoin haters create such a gloomy situation with their articles and comments that everyone gets panicked and most people start thinking that the price would drop even further.

That'd be the crux of the argument.   A standard recession is not what we will be facing any time soon.    A normal pull back involves hard money, it may mean higher interest rates then inflation but this cant happen as there are so many bonds paying dollars that are due to expire near term and this will mean loose money.

We are stuck with proposition which is weaker currency this year, next year and the next decade.   In this atmosphere a better alternative is what the market will seek, its very possible crypto will be part of that solution if not as a hold then at least in transition and in commerce online for digital transactions.   Its very relevant for that and is a global standard of its own, not undermined by QE or debt, or fiscal budgets of one country.   

I'd agree if we were facing a conventional pullback, speculative assets do suffer true enough and crypto is cutting edge.    Its possible for it to have some utility for situations of some distress.   Nobody reading this really believes some of the worlds richest countries could be in distress, thats make believe in most peoples perception.  The answer is the governments budgets are heavily flawed, in some cases insolvent.   Again disbelief I'm sure, because they can always print more money and I agree that is exactly whats going to happen which is very loose money

Sounds very funny but people do actually made these arguments and also you cant still laugh yet we know crashing out from 5k to 2k wont really be that hard.
Arent you aware on how btc price would dump its price? The point here is that missing out the opportunity to buy cheap and yes ive seen those people who do keep saying dumping the price
below on 1k which is really unrealistic or hard to believe.Most of them or all of them actually missed out the profits have possibly made from 3k to 5k.

I wouldn't be so sure about that. It really depends whether we're talking about a conventional recession or a currency collapse, and the timing of it all. Not only has Bitcoin never experienced a recession (so we shouldn't make any assumptions) but speculative assets generally don't do well during these periods. In fact, basically no assets perform well in recessions because they are economic contractions where money flows out from basically all markets. As a highly speculative asset, Bitcoin will definitely crash in a conventional recession.

In a currency collapse scenario, what you're saying is more believable, if/when Bitcoin becomes much more established, adopted, and reliable. People are rightfully still quite skeptical of Bitcoin's viability given it's still experiencing major critical bugs at this stage. We can perhaps make some more assumptions after mass/mainstream, institutional, and government adoption have taken place, but not before.

I'm also doubtful of the currency collapse scenario inside 10 years for the same reason gold bug doomsdayers have been perpetually wrong about the impending collapse for my entire life. Markets = patient people taking money from impatient people, and the reason that's true is because most people have no grasp of how long market events and cycles take to play out. They see months and years when they should be looking at decades.

I feel the exact opposite myself. If everything went down the tubes I believe crypto would take the shit of the century. It's still viewed a plaything, not any type of lifeboat. No one hangs on to their plaything if things get tight.

It is of course all down to the timing. If real contraction happened ten years from now things would look very different and Bitcoin's position would be much more established. If it happens in one year then it stands no chance of keeping its head any further above water than anything else.

I think it's rather obvious that Bitcoin is going to outperform every other asset on earth when the recesion hits (not if but when..). Im really scared of having money on the bank within the next 10 years or so. I hope shit doesn't get extremely dangerous... a recession will help Bitcoin but collapse of civilization will not help anyone.

I see Bitcoin going to $100k easily within the next decade given the bonds collapse, governments failing to deliver on their promises of social pension funds and so on. It's really scary for millennial to think long term. You want to pay your taxes and do good but at the same time you have this fear that everything you put in your bank is going to be stolen when shit hits fan. This will drive Bitcoin hodling strategy a big rise. As a neutral asset it really doesn't get anything better. Gold will continue underperforming and Bitcoin will continue doing a better task at what gold should be doing.

As far as democrats vs republicans.. well, I think democrats tend to do more QE practices, but still it's all the same, neither democrats or republicans want to be the one in power that admit the unpayable debt is indeed unpayable.

I don't think Democrat vs. Republican really matters here. Bitcoin performed quite well under Obama and did quite well under Trump too. I think it'll do just fine under the next president, whoever it is. Policy-wise, the two parties exist on a pretty narrow spectrum. It's all a big dog and pony show. The main question to me is how Bitcoin performs in a global financial or currency crisis. I think we're at least a few years away from that given the confidence in the equity markets.