How do you assess the value of Bitcoin? - page 2.

Mauser

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Quote from: feeling sound on August 03, 2022, 01:19:32 PM

Hi all,

How do you (personally) decide when Bitcoins are a buy? - gut feeling, just DCA to a certain amount, only buying below 25,000 or ...?

Thanks!

For me the value of bitcoin is where I would start considering to sell some coins. Right now it's a bit hard to imagine such a price level, but I know that I wouldn't sell any coins below 100,000 USD. So my intrinsic bitcoin value is above all the past ATH, even if it takes years to reach such levels again. For the last several months I have been buying bitcoins without worrying to much about the price. It doesn't really matter to me if the price was at 30 or 20,000 USD. My purchases usually happen at the end of the month from money I could save. Nobody knows how long the bear market is going to last. I would recommend anybody to buy as long as the coins are cheap.

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Quote from: feeling sound on August 03, 2022, 01:19:32 PM

Hi all,

How do you (personally) decide when Bitcoins are a buy? - gut feeling, just DCA to a certain amount, only buying below 25,000 or ...?

Thanks!

I think DCA is much better to use especially in this period or if you were just new in the market. Besides the marketcap that bitcoin does have, it will certainly increase its value over time, so using DCA as your strategy is not a bad idea compared to relying on your gut which is kinda vague and has no certainty. To be honest, if I only knew that Bitcoin would have this much growth then I might not have spent some of my Bitcoins before.

CryptoHeadlineNews

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Quote from: feeling sound on August 03, 2022, 01:19:32 PM

Hi all,

How do you (personally) decide when Bitcoins are a buy? - gut feeling, just DCA to a certain amount, only buying below 25,000 or ...?

Thanks!

Dollar Cost Averaging (DCA) is a concept not everybody understand, and that's why those who do stand to be at advantage to the mere Bitcoin hodlers. It is a strategy that requires one to have good knowledge about how to read charts and predict price movement. I once tried it back then when I came new into crypto, and it is a strategy that requires one to have enough patience if you really want to make profit and also bear in mind that our prediction at times may not go as planned but it's quite okay.
One strategy I have noticed to work well with DCA is you placing "limit order" to either your buy or sell order, or using a "Stop loss & Take profit" when the price reaches a certain amount

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Quote from: feeling sound on August 03, 2022, 01:19:32 PM

Hi all,

How do you (personally) decide when Bitcoins are a buy?

when I decided to buy bitcoin where when my finances were ready, like now I think it's the right time to pay for buying bitcoin in a month I set aside funds to buy bitcoin even though it's only 20$ but I'm sure when the market improves I can benefit from my investment

Pmalek

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Farewell, Leo. You will be missed!

The best is if you don't have to buy and invest in bitcoin and you can find other ways to get it. We are quite privileged on this forum to be able to earn it by being active in discussions and writing about the ecosystem. That's one way you can get it.

I would advice anyone who have sought-after skills to do some freelancing work and get paid in bitcoin. Whatever you can do that has a market, accept some bitcoin for it. That's the beauty of this coin. There is nothing holding you back, just put your mind to it and use your imagination to come up with something of value that you can create, sell or offer.

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Hello Leo! You can still win.

Quote from: livingfree on August 04, 2022, 08:33:44 AM

DCA is the best.

Honestly, if I've known the DCA strategy when I was newer then I think I've got accumulated a lot that would have changed my life entirely. Still, my life has changed wholly because of having bitcoin as my investment.

But it will be a different level if I've been doing DCA since I've started. Although, it's not too late and we'll never know how high bitcoin will be for the next years and sets of bull run.

Even till now many people don't understand the concept of DCA and how to go about it. So, I didn't have this DCA concept earlier just like you, but there is one thing I do presently which I am very comfortable with. In as much as the price if bitcoin is below $30k, I consider it to be at the low. So, I do not bother where the price is exactly, but every week I buy with certain amount which is fixed and steady. I think I will continue this way till the end of this year and if possible till 2024/2025 during the next bull run. By then my profit might be massive, but if it turns otherwise it's still the consequences of the risk.

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Quote from: Moeda on August 06, 2022, 05:49:23 PM

The worst crypto bear market is over, and right now the price is starting to increase slowly. A few weeks ago a lot of people bought Bitcoin at the price of $19k, of course they have made a big profit. But this is not over. I think Bitcoin will hit a price of $40k. Many famous entrepreneurs talk about Bitcoin by gesturing to buy.

What year was the $40K price tag for? because for this year I think it's very short time for Bitcoin in terms of reaching a price of $ 40K although it is still very possible and not impossible to happen. I'm just a little hesitant because now the Bitcoin price is still below $25K and the distance from that price to $40K is a very big thing even though there is a possibility for Bitcoin to reach it.

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If you are new to bItcoin then DCA is the most preferred. There is no perfect time to buy now. Every down move is a buy signal and with DCA you can get several entry buy points but this will mean a steady glue to your chart. $25k is not even an advisable buy time except you are on a long term goal. For short term investment there will always be a fall in price even below the current price

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Bitcoin’s value is derived from a variety of different properties. At the end of the day, the value of cryptocurrencies and fiat currencies comes from “trust.” Money will always have value as long as society believes in the fiat currency system. The same is true for Bitcoin: as long as users trust it, it has value, but there are more factors to consider.

Danie556

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I value bitcoin base on the percentage of dominance in the whole market.Base on how scarce and disperse bitcoin gets in the space and across more wallets.value base on the amount of bitcoin on exchanges.value bitcoin also base on the amount of stable coin in the market.also base on the amount minable per day, the lesser it gets the higher the value.

Moeda

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Quote from: feeling sound on August 03, 2022, 01:19:32 PM

Hi all,

How do you (personally) decide when Bitcoins are a buy? - gut feeling, just DCA to a certain amount, only buying below 25,000 or ...?

Thanks!

The worst crypto bear market is over, and right now the price is starting to increase slowly. A few weeks ago a lot of people bought Bitcoin at the price of $19k, of course they have made a big profit. But this is not over. I think Bitcoin will hit a price of $40k. Many famous entrepreneurs talk about Bitcoin by gesturing to buy.

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Quote from: kryptqnick on August 06, 2022, 12:51:41 PM

I don't buy Bitcoin. I get some (like from a signature campaign), and try not to sell if I can avoid selling. Sometimes I can't because I need the money for something, and I'd be happy to use Bitcoin directly in those cases, but it's usually impossible. When I need it, I, of course, sell regardless of the price. If I know I'll need it within a couple of months and I suspect the price can get worse, I can sell a bit in advance. To me, Bitcoin is more of a kind of money than an investment. I wish I could use it more like money, but the options are still very limited.

so it's not an investment that you can keep, because from the start you only want to use the bitcoin for personal needs that are really needed.
Are you not trying to trade the bitcoin proceeds from the signature campaign so that its value is getting more and more.

I've even raised some bitcoins for the long term from the signature campaign results and for other purposes can use the salary from other jobs.
I value bitcoin more as an investment for trading.

kryptqnick

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I don't buy Bitcoin. I get some (like from a signature campaign), and try not to sell if I can avoid selling. Sometimes I can't because I need the money for something, and I'd be happy to use Bitcoin directly in those cases, but it's usually impossible. When I need it, I, of course, sell regardless of the price. If I know I'll need it within a couple of months and I suspect the price can get worse, I can sell a bit in advance. To me, Bitcoin is more of a kind of money than an investment. I wish I could use it more like money, but the options are still very limited.

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Quote from: DeathAngel on August 04, 2022, 04:51:07 PM

Well if you have even a moderate time preference then there is never a bad time to buy bitcoin. Over time bitcoin always increases in value, it’s a deflationary asset, this is what it was designed to do. If you really want to time it well though then you do the opposite of what the masses do. You sell some when everybody is euphoric & Grandma’s are buying. You buy when everybody is crying & worrying, when mainstream media is saying bitcoin is dead etc.

Yes I also sometimes do like that in buying bitcoin, and I quite feel the results of what I do. If you are a long-term investor, you don't have time to think about buying. But if we are investors who take profits with near-term vulnerability it will be more difficult. Because we are required to enter at the right time.

landheer

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I think that if we are going to buy bitcoin it depends on the situation, and also we have to be good at analyzing the price of the bitcoin we are going to buy, because even though the bitcoin price is above 25,000 dollars, if for example the predicted future price will be more than 25000 dollars, it is better to buy it . sometimes because we don't dare to buy, then we will miss good opportunities, and end up not getting profits because we don't have the courage to buy.

dlightag

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Bitcoin is a digital assets where many companies and individual trading on daily basis, which some set of people invest by holding to a point of 10x profit or more to sell off, which waiting for their target to buy back at Chip rates, so doing that buying process is an individual difference and target on the entry point for a profit, having said that you need to make your research and have a target on your entry point to buy.

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DCA is generally better for long term investments. I mainly focus on long term investment rather than short-term trading.

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Quote from: royalfestus on August 04, 2022, 04:19:11 PM

3. value base on the amount of bitcoin on exchanges
4. value bitcoin also base on the amount of stable coin in the market

These two are invalid.

You can't base it on the amount of bitcoin on exchanges because only a few known addresses of big exchanges are monitored. We don't know the total amount on exchanges. We only estimate that it's going down because the coins on big exchanges are decreasing. This value can change overnight and you won't be able to react like when Do Kwon dumped it all.

Stable coins can be made out of thin air if needed. You're going to value bitcoin based on a decentralized coin that can appear and disappear from the market at any moment?

DeathAngel

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Well if you have even a moderate time preference then there is never a bad time to buy bitcoin. Over time bitcoin always increases in value, it’s a deflationary asset, this is what it was designed to do. If you really want to time it well though then you do the opposite of what the masses do. You sell some when everybody is euphoric & Grandma’s are buying. You buy when everybody is crying & worrying, when mainstream media is saying bitcoin is dead etc.

royalfestus

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1. I value bitcoin base on the percentage of dominance in the whole market
2. Base on how scarce and disperse bitcoin gets in the space and across more wallets
3. value base on the amount of bitcoin on exchanges
4. value bitcoin also base on the amount of stable coin in the market
5. also base on the amount minable per day, the lesser it gets the higher the value

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