How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now? - page 3.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: timerland on April 14, 2019, 06:56:02 PM

I think the fact that the markets were moving sideways and consolidating for that period of time down at $3k-4k, as opposed to the volatility we saw earlier on during the bear market should have been an indication enough that the bear market was about to bottom.

wasn't it the same during the summer last year? that was a tight range with low volatility. but we broke down instead of up.

you never know whether a range is really a bottom until the market breaks up and moves away from it. we've had the first weekly higher high since the 2017 top, so that's definitely an early sign of bottoming.

but that doesn't mean bulls are just on easy street now. bitcoin tends to trend hard in both directions, so once price swings back down, everyone is gonna start expecting new lows. we'll see lots of profit taking and loss cutting and harsh declines. i think we'll be stuck below $6000 for several months.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: thecodebear on April 10, 2019, 06:54:54 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?

I think the fact that the markets were moving sideways and consolidating for that period of time down at $3k-4k, as opposed to the volatility we saw earlier on during the bear market should have been an indication enough that the bear market was about to bottom.

This is why dollar cost averaging works, even if you don't know whether or not it's the bottom, you don't miss out on the opportunity to accumulate.

I still think that for long term investors, even this level is a viable accumulation point, because if you look in the market right now you'll still see a degree of irrational fear that BTC will somehow just collapse altogether, which is keeping prices down. And since the long term outlook now is quite bullish, I would continue to accumulate for the long run, until we see the first signs of over-excitement within the market.

Adriano2010

hero member

Activity: 1414

Merit: 516

Well, i never wait for such low price, instead i wait for a much higher grow, but i'm ok with the price now and i expect much grow of price even if this will happen little by little.

mrdeposit

hero member

Activity: 1358

Merit: 509

The majority was hopeless about the price increase, so this increase was a good answer. Already, the unbelievers have lost a great chance.
Indeed, the stagnation is continuing in recent days. But, with a small push, I hope it can be continuous.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: thecodebear on April 10, 2019, 06:54:54 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!).

Investing into any financial market is a personal choice and if someone waited long enough to see the bottom it is their individual choice and those penny investment does not make any difference in the market, so who is crying about it, basically no one, there are players who like to invest on seeing a big rally to earn the profit and get out before the rally ends. Everyone has their thoughts and ideas on when and where to invest. What I am trying to tell is that, it is not a big deal if someone misses out at the bottom.

Siren

sr. member

Activity: 826

Merit: 265

Thats the risk of investing in this volatile market as cryptocurrency and this must be happen because imagine if all investora are profiting what will happen to the market?there must be loser for us to have a winner and without this for sure were all done in this community. So accept that reality and goodluck for the next venture

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: 1Referee on April 13, 2019, 03:33:26 PM

CZ of Binance very recently said that new money in form of stablecoins is entering his exchange, and with how more USDT is being printed, this doesn't come as a surprise. We'll see where it goes, but being bearish for too long can be harmful too.

No doubt the market has exhibited strong demand, and for the first time since last year. So we should expect some money flow into exchanges as shorts close and last year's sellers buy back their coins. But after the market has risen 75% from the lows and approached major resistance, I think it's only sensible to start locking in some profits and looking for shorts. I'm turning bullish on the market myself (long term) but realistically it'll take several months more action to confirm a real reversal.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: figmentofmyass on April 12, 2019, 02:47:52 AM

with everyone calling the bottom now, and big expectations for the 200wma to hold, i'm curious to see how hard this can pull back. this kind of sentiment always gives me pause.

I am still short just under $5000 and will keep the short open as insurance, but the fact that Tether printed like 300 million USDT makes me less confident about major correction. This is new money entering the system, which we haven't seen in quite a long time. This somewhat reminds me of what happened just before we broke $6000 last year. Tether took like 500 million USDT out of circulation, where not long after that, the price tanked badly.

CZ of Binance very recently said that new money in form of stablecoins is entering his exchange, and with how more USDT is being printed, this doesn't come as a surprise. We'll see where it goes, but being bearish for too long can be harmful too.

thecodebear

hero member

Activity: 2240

Merit: 848

Quote from: WinslowIII on April 10, 2019, 10:16:54 PM

Quote from: mk4 on April 10, 2019, 08:43:12 PM

Quote from: thecodebear on April 10, 2019, 06:54:54 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.

oh god. a trump fan too. Winslow asshole status confirmed 1000x over now!

Bitcoin seemed to do just fine under a democratic president. What party has held the white house has had no impact on bitcoin, obama or trump. There has been zero federal legislation on cryptocurrencies so its had zero impact. The only thing there has been is some SEC stuff on ICOs, which has nothing to do with the president. Not everything is about politics buddy.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: thecodebear on April 10, 2019, 06:54:54 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?

The reality is that it is very difficult to predict the market and when bitcoin went down to $3150 many of us were still expecting it to fall down further. The market has started recovering and that is the major reason why we should see this market as a risky one and we should invest based on risk in mind.

Aryleeto

jr. member

Activity: 406

Merit: 1

You should never wait for the bottom and especially catch it , I think it is best to split the Deposit and buy it in parts , I would not buy at the moment , I would take from 4800 and below.

Kasabus

hero member

Activity: 2814

Merit: 576

They feel stupid, bitcoin cannot go down that low as it has dropped significantly.
Predicting that low is like they want bitcoin to die, if they maybe believe and just want to accumulate that price, then they are wrong.
I think they already miss the dip, bitcoin starts its engine now going to the moon.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: buwaytress on April 12, 2019, 09:25:38 AM

But if people are mostly speculators (and they are), then yeah, they're waiting for entry points and exit points as most traders are taught to do.

that's true but you really can't expect a 99.9999% price drop and wait for it before choosing your entry point! after a drop as big as 85% it shows that it is past time to choose entry point so those who were/are waiting for low prices are crazy in my opinion specially those who do it because of some FUD they read.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: BitHodler on April 12, 2019, 06:58:36 AM

You got to appreciate some bearish action from time to time. The longer people remain bearish while the price keeps going up, the harder they will end up fomo buying out of frustration.

And that's what classic bull market sentiment is like: most people are skeptical of any rise, assuming it will get smacked down like every other bull trap for the past year. Shorts stay heavy, providing fuel for more rallying. All the while, the market climbs a "wall of worry."

That's not what we're seeing right now is it? I'm seeing bulls gloat left and right. That's not bull market behavior at all. I agree with Masterluc that the long term bias has changed to bullish, but I'm guessing bulls are soon going to be punished for this overconfidence. We're probably heading back to the $3,000s by May or June and this buoyancy will fade away.

buwaytress

legendary

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Join the world-leading crypto sportsbook NOW!

I wouldn't gloat just yet, though. I do agree that waiting to buy at 2k when it's 3k seems arbitrary when BTC is at $20k or higher, but that's the argumnet for a long-term holder. Holders buy and accumulate whether or not the market's moving. I'm an earner too, so I was earning at 19k and am earning at 5k now. Of course, I did my best to earn more when price is low but then work is scarce during bear markets and inversely available during the bull, so that's a funny thing.

But if people are mostly speculators (and they are), then yeah, they're waiting for entry points and exit points as most traders are taught to do.

BitHodler

legendary

Activity: 1526

Merit: 1179

You got to appreciate some bearish action from time to time. The longer people remain bearish while the price keeps going up, the harder they will end up fomo buying out of frustration.

I find it funny how people make it appear that they are so confident that the price will tank below the $1000 mark, that while being so "sure", they aren't shorting the market. If I was sure we would moon, I would open a leveraged long right now.

That being said, let's not get too excited already because we're not out of the woods yet. I'll stay conservative till we confidently break $6000 and stay above it. That for me would be reason to open a leveraged long.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: WinslowIII on April 10, 2019, 08:25:46 PM

Nope - it goes more like this: WinslowIII confirmed nonasshole, thecodebear: confirmed asshole. If you end up being right and went all in when it was in the $3ks then you are a lucky prick, but that doesn't give you the right to shove it in the faces of those who called it wrong. Calling the bottom is hard, just as calling the top is.

he was calling bottom in the $6k range too so i wouldn't even call it a lucky guess. just a perma bull being a perma bull.

Quote from: 1Referee on April 11, 2019, 05:49:34 PM

I'm not discarding the possibility of another giant wick down, but considering that the 200 wma moves up continuously, it's getting increasingly harder to actually reach the $31xx area, even as flash wick. As always, when the market is going up people become overly bullish, and when the price is going down people become overly bearish.

with everyone calling the bottom now, and big expectations for the 200wma to hold, i'm curious to see how hard this can pull back. this kind of sentiment always gives me pause.

Febo

legendary

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Quote from: coinplus on April 11, 2019, 01:55:37 PM

I am a very very close person to this, as soon as bitcoin reached to 4600's I sold, I have been waiting to sell for a long time, I had a lot of bitcoin and I kept on earning and buying bitcoins for a long time and I managed to drop my purchasing level down to 4400's and I told myself if I ever hit a profit even if its one dollar I am going to sell and I did that right away.

It is not same as people who waited for the 1000/2000's and so forth, I know its different reasons and different approach but all the same I was afraid it would go down again like the others so I sold early. Now, it is over 5 thousand dollars and honestly I did not see that coming at all, I wish I waited a bit more, even if it goes higher from this price, I am fine with a 5k sell price because all I had to wait was couple more days that is all.

What you just wrote Roll Eyes

You sold a your bitcoins and you are fine if you have no Bitcoins. We will see a 100k Bitcoin in 2-3 years. And you are totally fine?

1Referee

legendary

Activity: 2170

Merit: 1427

Will Tone Vays please stand up?

This fool of a Bitcoin maximalist is such a shit stain within this community. He has a trading series on Youtube called 'trading Bitcoin', while he admitted to not be trading at all, lol. He just opens a few positions a year and that's what he's happy with, the hypocrite.

Bitcoin will only bottom when altcoins die according to him, which cracks me up hard. The things he hate the most are actually one of the main contributors of demand for Bitcoin. If altcoins die, say goodbye to at least a quarter of Bitcoin's global demand. Millions of coins will find their way to the spot market because they are 'useless' then. What happens with the price mr smart? Roll Eyes

I'm not discarding the possibility of another giant wick down, but considering that the 200 wma moves up continuously, it's getting increasingly harder to actually reach the $31xx area, even as flash wick. As always, when the market is going up people become overly bullish, and when the price is going down people become overly bearish.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: thecodebear on April 10, 2019, 06:54:54 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? 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?

They're giving in and buying now. That's how short squeezes work. It's the same psychology that makes bulls capitulate and sell at the bottom.

The fact that you're celebrating like this is an indication we're near the top if we haven't topped already. We may have seen the bottom for the 2018/2019 bear market but regardless, we're in for some blood now that bulls are getting so confident.

Topic: How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now? - page 3. (Read 734 times)