Simply sharing thoughts of what may possibly play out in the future. It appears as though we no longer have much supply (people willing to sell). Which resulted in the beginning of a mark-up with a sign of strength above resistance that was previously around $4,200. I do not anticipate us falling down to $4,200 again because they likely think most believe we will fall to it to test it as support. I'm also expecting us to test the 21 EMA in the 12h time frame eventually BEFORE last week of May or first week of June.
Which is when I believe we begin to go up and through the $6k price level to approximately $7,800. Why? So that when we fall back down to establish support, they will make support around $5,500 with a trading range between $5,750 and $6,500 until last week of September to first week of October where we begin with an up-thrust again to show sign of strength to a establish an even higher trading range.
Topic: How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now? - page 2. (Read 734 times)
April 19, 2019, 06:47:05 PM
April 19, 2019, 06:40:31 PM
So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices?
I'm not saying that the prices will still drop, as no one knows in the first place, but how did you even come to the conclusion that sub 3000 will never come? It's still definitely possible. Dropping down to below 3000 is just somewhere around a 50% drop from the current price($5,318.80 as we speak), which, if you've been in the cryptocurrency space for a while, you would know that 50%+ drops aren't even rare.
With the next halving a little over a year from now, I'd be pretty suprised if sub $3ks comes, or sub $4ks for that matter. This isn't the uncertain times when China was dumping loads anymore. The best thing that ever happend to crypto was Chinese being banned and getting the fuck out, the second best was Trump. Now, if the next president is a democrat in 2020, panic of regulations could ruin the next pump. Hope it doesn't happen, but there it is.
I think it's exactly the opposite: If democrats win, people with money will start panicking at massive socialist policies ruining their wealth, which will force them to diversify into neutral assets and Bitcoin is the best neutral asset ever outside of governments reach, and governments while sometimes are good, they can become insane and punish their citizens by unreasonable confiscation. Democrats winning may trigger this either by fact of FUD, so they will buy. I can see gold and Bitcoin going up, Bitcoin by several orders of magnitude higher of course.
As far as china goes, I don't really know what happened but seems like the market doesn't give a toss about China anymore.
April 19, 2019, 07:18:11 AM
Definitely they are buying at this point, they are tired waiting for bitcoin to drop at 2000$. They think that this year is another year for the bears but they are wrong,bulls will dominate this 2019.
April 19, 2019, 07:06:31 AM
Unfortunately, it a bit sad that it will be impossible for us to reach that low price again
If you think that's so, then buy as many coins as possible right now and hold them for a long time. That's the only way to not feel like that again during the next bull wave.
I remember back in 2015 that I found $500 a bit too high to dollar cost average into the market after having bought myself a good number of coins below $300, but look at where we are right now. Feeling sad about missing the boat is something you should do when we're hovering over the $100,000 level, and not at current levels if you're interested in the very long term.
April 19, 2019, 06:15:15 AM
There are a lot of predictions by a lot of enthusiasts that it will go down below $3000 which I think is impossible right now. As you can see, the price of bitcoin right now is $5300, meaning that the market is opposite from what you have said. But let us assume that it will go down that price, then many investors will go and buy bitcoin if that happens.
There are thousands of people out there that will rush into buy when the price falls to that amount, I wish Bitcoin can just shortly test that, then we will have proof of how popular bitcoin is, in fact, I can bet that from that 1000 dollars, bitcoin might jump to its ATH within a short time.Unfortunately, it a bit sad that it will be impossible for us to reach that low price again, what would have caused the crash of price is so far from the interest of people, no one is willing to let his coin go now, because we have more strong investors in this market than the weaker ones. If there is anyone still dreaming of low price, they had better wake up from the 1000 dream and face reality please.
April 19, 2019, 02:40:10 AM
Probably only few of the users are waiting for bitcoin marlet to go down kn below 3k. This because the remaining investors are real holder and does not afraid to what they lose. Anyway, wether it will fall or not, the real holder will still hold.
Now that the market slowly recovering then investing right now is a gold idea at all.
Now that the market slowly recovering then investing right now is a gold idea at all.
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April 19, 2019, 01:53:05 AM
I think we don't have to wait for a long time if we want to buy bitcoin. But we need to have a strategy so we could get a low price in every order. So maybe when the price is down, we can buy some part of bitcoin, and waiting for the dip or another lowest price. But that is difficult to see $3000 as we are now reaching $4900 and the price seems to stay at that price.
April 19, 2019, 12:37:42 AM
Quote
What is your strategy now that you watched the entire bottom go on by are missed it entirely?
Its never too late really. There is a good reason why regular buying will often do better then people trying to time precisely.
Missing the bottom or the other way round, missing the perfect sell at the peak top is actually a fallacy. The peak and bottom is quite small in number volume wise and the majority of people are what forms the trend upwards and there is no negative is spotting and joining that trend.
I still think we are in a loop that will come around. People are imagining it more simply then it probably will unfold as, to get past 6500 will like breaking down a wall. We'll have to back up more then once to get through imo
there is no real bottom here in crypto . the price can decline depending on the mood of the hodlers and whales therfore you cant say that the guy already missed the boat . 2k , 1k and below may take more time to achieve again because the demand for cryptos are now also increasing the longer the days have passed therfor like what you said above , buying gradually from this price point will also be beneficial than waiting at the dip .
April 18, 2019, 11:44:19 PM
Naturally I'm a bit annoyed as I was planning on buying in as soon as BTC hit my buy orders at $3000 and that ship has sailed for the moment,
this is why it is always preferred that you place multiple orders at different prices instead of putting it all in one order and hoping for that to be the best option. specially in bitcoin that price is volatile and sometimes we see very unexpected movements, this method of spreading orders is very helpful.
I always do stagger some of my buy orders out, but in my situation prices didn't reach the point where the bulk of my buy orders were situated (at $3k). Wasn't the greatest situation but I'm now looking for better entry(s) into BTC again, can't change the past. Not putting too much in at the moment though because I'm not fully convinced we're out of this bear market yet.
April 18, 2019, 11:08:48 PM
Naturally I'm a bit annoyed as I was planning on buying in as soon as BTC hit my buy orders at $3000 and that ship has sailed for the moment,
this is why it is always preferred that you place multiple orders at different prices instead of putting it all in one order and hoping for that to be the best option. specially in bitcoin that price is volatile and sometimes we see very unexpected movements, this method of spreading orders is very helpful.
April 18, 2019, 07:25:09 PM
Anyone married to a price before it happens with no plan if it doesn't is a bit of a silly sausage in my book. Plan for eventualities by all means, but that eventuality not happening is an eventuality in itself.
Anyway I think we should get this year over and done with before declaring any price projection for the downward part of this cycle dead and gone.
Anyway I think we should get this year over and done with before declaring any price projection for the downward part of this cycle dead and gone.
April 18, 2019, 07:20:20 PM
Naturally I'm a bit annoyed as I was planning on buying in as soon as BTC hit my buy orders at $3000 and that ship has sailed for the moment, but I'm indeed buying in some now through DCA and setting some buy orders below where we are now in case we break down to the $4000s or $3000s again, though I'm keeping a few longs I have from $4900 open for now. Trying not to let the FOMO get the best of me, but it's a bit difficult for me this time around. I never expected things to go too far below the lower $3ks to upper $2ks though, always seemed like the bears were getting a bit ahead of themselves with the $1k and $2k calls.
April 18, 2019, 06:56:42 PM
Quote
What is your strategy now that you watched the entire bottom go on by are missed it entirely?
Its never too late really. There is a good reason why regular buying will often do better then people trying to time precisely.
Missing the bottom or the other way round, missing the perfect sell at the peak top is actually a fallacy. The peak and bottom is quite small in number volume wise and the majority of people are what forms the trend upwards and there is no negative is spotting and joining that trend.
I still think we are in a loop that will come around. People are imagining it more simply then it probably will unfold as, to get past 6500 will like breaking down a wall. We'll have to back up more then once to get through imo
April 18, 2019, 05:39:24 PM
If someone was really waiting for 1000$ and below seems he/she had no hope of bitcoin's rise because it's clear that even 3K caused a huge drop in mining profitability and a lot of miners left bitcoin mining,
It's actually not that bad. The hashrate managed to reach 50 ex/s again while the price was hovering below the $4000 mark, which is an indication of how strong the mining aspect of Bitcoin is.I think the miners that were forced to shut down were largely speculators betting on a jump back to $20k, which clearly didn't happen. This hashrate will return eventually, it's just a matter of time for the price to recover.
1k and lower would destroy mining, it wouldn't be worthy even for big companies like bitmain, bitfury and etc. Also 1k price after seeing of 20k would destroy hope for betterment.
How will it destroy mining? The difficulty adjustment is a feature of Bitcoin for a reason. If the hashrate drops, the difficulty will too, and we have seen that already after the drop from $6000 to $3000.Don't believe news outlets spreading fud. Bitcoin mining worked well for a decade without problems, and so will it do the next decade(s), regardless of the price.
April 18, 2019, 04:18:07 PM
We had 4.5 months at the bottom in the $3000s. Smart money was filling up the bags. But I saw plenty of people on here adamant that it would continue crashing to 2000s or 1000s or some ever said it'd drop to like $800 haha. I remember arguing with someone that people need to be buying the bottom ($3000s) to get the best deal, and he was arguing that its better to buy higher later on once it has started going up (makes no sense to me!).
So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices? Will you wait for like $7000 or $8000 or $10,000 before you start buying? What is your strategy now that you watched the entire bottom go on by are missed it entirely?
You are not going to hear from them, bears like to hide when the market is moving up and they only return once the price is clearly going down, however the kind of thinking that you are describing does not make sense, no one can predict the highest price and asset will reach and the same is true for the bottom, at some point you need to take a decision and take the risk of buying an asset even when it has not shown signs of a recovery, if you are lucky the price will not go down that much anymore but sometimes you will buy at an early point, like those that bought at 6000 before it crashed to 3500, but that is just part of being part of the markets. So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices? Will you wait for like $7000 or $8000 or $10,000 before you start buying? What is your strategy now that you watched the entire bottom go on by are missed it entirely?
April 17, 2019, 11:36:11 PM
There are a lot of predictions by a lot of enthusiasts that it will go down below $3000 which I think is impossible right now. As you can see, the price of bitcoin right now is $5300, meaning that the market is opposite from what you have said. But let us assume that it will go down that price, then many investors will go and buy bitcoin if that happens.
April 17, 2019, 10:37:38 PM
Well for someone like me waiting for the price to go sub-$3000, it's quite a shame since I've been longing to buy in bulk and hoping that I'll enlarge my profits once I've hit that price point. (Un)fortunately, price climbed up and I'm pretty much breakeven by now considering that I also bought in the $6000 levels thinking that that would be the lowest price point possible in this current cycle. Right now I'm hesitant in buying right now though I've been pondering about that since we reached $4700 2 weeks ago. Perhaps I'll wait for another breakout before releasing the trigger for new coins.
April 17, 2019, 11:16:33 AM
If someone was really waiting for 1000$ and below seems he/she had no hope of bitcoin's rise because it's clear that even 3K caused a huge drop in mining profitability and a lot of miners left bitcoin mining, 1k and lower would destroy mining, it wouldn't be worthy even for big companies like bitmain, bitfury and etc. Also 1k price after seeing of 20k would destroy hope for betterment.
April 17, 2019, 09:44:21 AM
Well nobody know what is the bottom of bitcoin maybe that time 3000$ next time it could be 1000$, but people need to see the potential in the future, see how well the adoption and the market condition, bitcoin has been progress so well, so invest for long term will still profitable, now the price has been moving upward and I believe the price will keep on going up, dont keep on waiting, dont miss the train and then regret
In 10 years it will have little or no significance did someone bought at $3,000 or $6000, price of single bitcoin can be very high in 5 years, more or less. Its not the point in waiting the train, its having a ticket for that train, having a ticket means that you have some coins. People mix trading and investing, trading on fluctuations and earning from that, it can be profitable but you can lose money like that too. There is no guarantees that you will make money with trading and investing, but with investing and just holding you are risking a bit less. April 15, 2019, 05:52:06 AM
Well nobody know what is the bottom of bitcoin maybe that time 3000$ next time it could be 1000$, but people need to see the potential in the future, see how well the adoption and the market condition, bitcoin has been progress so well, so invest for long term will still profitable, now the price has been moving upward and I believe the price will keep on going up, dont keep on waiting, dont miss the train and then regret
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