Topic: How to BUY BITCOIN at the "right" price - page 6. (Read 19798 times)
By the way Apple was down 9.96% on Thursday after the tech giant cut its forecast for fiscal first-quarter revenue - the holiday quarter - thanks in part to slowing sales in China. It could be a good time to start invest for a hold. what do you think guys?
very difficult indeed to be able to find out the right time to buy bitcoin because the price movement of bitcoin is difficult to predict, sometimes when I buy bitcoin tomorrow or a few hours later the price of bitcoin falls again very deep, so to buy the most suitable bitcoin you have to can see the graph and make sure the graph is down to buy bitcoin and when it goes up it's not buying but you can sell it.
If you are going to wait for the best dip, then you never going to enter the market. I have had people waiting for the best price for years now and when I tell them to jump in, then they tell me that the price is not low enough to enter the market.
This is our motto for 2019...
It seems semi-safe in this bounce at the 3,500-4,000 area but there are many saying there is a $2k bottom coming.
Taking the plunge next week and if it takes 6 months to get back to this price so be it.
There is no definition of right price. This depends on your estimation, how much are you willing and can invest and how much risk you are ready to accept.
Basic rule for trading is to buy low and sell high but in practice this is not always easy to do because it's hard to predict the movements of price. That is why good traders need to have a lot of knowledge and experience to be able to judge properly conditions on the market and when is the good moment for investing. That isn't easy and that is why we don't have much good traders who are able to make decent profit on a regular basis.
Basic rule for trading is to buy low and sell high but in practice this is not always easy to do because it's hard to predict the movements of price. That is why good traders need to have a lot of knowledge and experience to be able to judge properly conditions on the market and when is the good moment for investing. That isn't easy and that is why we don't have much good traders who are able to make decent profit on a regular basis.
You can buy bitcoin when getting bad or negative news about bitcoin, its the best way how to get profit because you can got buy bitcoin with lower price, but you can sell when positive news.
But we can not know how much the price will go down and even sometimes we can see the price drop without any negative reason. Also we do not know how the good news will be reflected in the price, because it often passes like a wind. If everything was as easy as you say, money would not have been such an important asset. If you are going to wait for the best dip, then you never going to enter the market. I have had people waiting for the best price for years now and when I tell them to jump in, then they tell me that the price is not low enough to enter the market.
We have lost almost 80% of the value of the previous ATH in the Bitcoin price and people are still thinking that it is not the best time to enter the market. If a 80% drop in the price is not enough, then it will never be a good time.
We have lost almost 80% of the value of the previous ATH in the Bitcoin price and people are still thinking that it is not the best time to enter the market. If a 80% drop in the price is not enough, then it will never be a good time.
Out of fomo, people tend to buy when the price keeps on increasing and sell their BTC when it starts dipping and end up losing their portfolio value.
You can buy bitcoin when getting bad or negative news about bitcoin, its the best way how to get profit because you can got buy bitcoin with lower price, but you can sell when positive news.
this has always been one of the biggest problems that those wanting to buy bitcoin are facing. they don't know when to buy. basically they always tend to buy when the hype is real strong like when the bubble is forming like at prices above $15k heading towards $20k. and then they, for some reason, become inactive during the dips! for example nowadays you see a lot of people who are scared of buying not because they don't think there won't be a rise, no no no, they actually know there will be a huge rise but they are scared because they think there can be more drops, and partly greedy because of it. so they wait for that drop then wait more and more until it is too late and then start buying on the rise and cause a shoot up and the bubble.
Yes i can kind of understand that way of thinking and buying but this mainly
happens with newbies. This is typical FOMO fear of missing out while
the price is rising and acting at the wrong time
If you are going to wait for the best dip, then you never going to enter the market. I have had people waiting for the best price for years now and when I tell them to jump in, then they tell me that the price is not low enough to enter the market.
We have lost almost 80% of the value of the previous ATH in the Bitcoin price and people are still thinking that it is not the best time to enter the market. If a 80% drop in the price is not enough, then it will never be a good time.
Even you buy at the best dip you can't tell that it is the right time to buy bitcoin. Actually, every time you can enter in bitcoin but its up to you if you will invest or not. Even we big drop of bitcoin some people still do not invest simply because they scared that it may dropped to its bottom and once they see that the price will increase they will invest. So, I think the right to jump in bitcoin will really depend to the people who will invest because if they willing to invest in bitcoin they will take the risk. We have lost almost 80% of the value of the previous ATH in the Bitcoin price and people are still thinking that it is not the best time to enter the market. If a 80% drop in the price is not enough, then it will never be a good time.
In any case, you can build on past achievements of bitcoin. If we know that its price was above$ 15,000, then when we see the price below$ 4,000 it can already be considered an acceptable price to buy. But still the study of technical analysis and charts will not be superfluous.
If you are going to wait for the best dip, then you never going to enter the market. I have had people waiting for the best price for years now and when I tell them to jump in, then they tell me that the price is not low enough to enter the market.
We have lost almost 80% of the value of the previous ATH in the Bitcoin price and people are still thinking that it is not the best time to enter the market. If a 80% drop in the price is not enough, then it will never be a good time.
We have lost almost 80% of the value of the previous ATH in the Bitcoin price and people are still thinking that it is not the best time to enter the market. If a 80% drop in the price is not enough, then it will never be a good time.
The problem is that sometimes we don't know where we are on this line. When we all think this is a good time to buy, it may be at a dangerous mountaintop, because only the next day, we will know What will happen.
We look at what happened in the past with our current eyes. This is clear at a glance, but who can predict the future?
We look at what happened in the past with our current eyes. This is clear at a glance, but who can predict the future?
99% of society does not own bitcoin.
this is an important matter that most people usually forget. bitcoin adoption has been extremely small so far. they look at the price and see a "big rise" and think that is it! but they forget that the adoption has been less than 1% so far and that is extremely low, and that gives bitcoin one of its potentials for big rises. as this percentage grows the price continues shooting up and each time it dwarfs the previous ATHs.
You have shown a good strategy to buy bitcoin. Buying Bitcoin at growing and declining stage is profitable as we know buy it is high risky to buy at boom period as you have shown in the diagram. Investors need to analyze technically.
This must take seriously because in cryptomarket if you don't study your coins you will just lose it later on. You don't need to master Technical Analysis, you just need to know the basic things and you will be good. Its hard to timing the market but through this analysis, it can lower the risk of losing money therefore newbies should study this first before they come in. Its good to buy bitcoin at a cheaper price, and sold it at a higher price. secondly its more about a underlying value (below the speculative price) support. so it wont help you much predict the next speculative hype.
This is a good rule, along with "having a goal" for why you're buying bitcoin.
Our goal is simple, pull out the same or slightly higher amount of money put into bitcoin, anywhere in the world one day.
If we can do that, price doesn't matter too much day to day.
I think more we put speculation in price , more it become like gambling. I do not understand why we have lot of topic about the prices and almost no topics how to earn in bitcoin and spend in bitcoin.
All speculation still shows that people are not ready to leave the fiat system and just looking for place to dump their fiat so that they can get more fiat in future.
The point is to find the right entry price.
99% of society does not own bitcoin.
We are taking people from a regulated financial industry into crypto. There is no easy way to explain how to time Fiat to "True Value" correctly.
People are not leaving the fiat system for 20-50 years (if ever). Because all wealth in our societies current form is valued in....fiat.
These two systems will co-exist forever until society decides which currencies and assets are the best ways to store wealth long term. These short term fiat gamblers can keep doing their thing, until the day they finally want to hold. And more will hold, and more.
nowadays you see a lot of people who are scared of buying not because they don't think there won't be a rise, no no no, they actually know there will be a huge rise but they are scared because they think there can be more drops
This is how some of our team came in, kicking and screaming after MTGOX "killed" bitcoin....
You see the price tank, you see it isn't "dead."
You understand the technology, history and uses of this "thing" and come in kicking and screaming "this thing has value."
Then you waste some on alts and learn not to do that again.... but you never come across situations where bitcoin appears to not store value.... it has continually done that.
secondly its more about a underlying value (below the speculative price) support. so it wont help you much predict the next speculative hype.
This is a good rule, along with "having a goal" for why you're buying bitcoin.
Our goal is simple, pull out the same or slightly higher amount of money put into bitcoin, anywhere in the world one day.
If we can do that, price doesn't matter too much day to day.
I think more we put speculation in price , more it become like gambling. I do not understand why we have lot of topic about the prices and almost no topics how to earn in bitcoin and spend in bitcoin.
All speculation still shows that people are not ready to leave the fiat system and just looking for place to dump their fiat so that they can get more fiat in future.
this has always been one of the biggest problems that those wanting to buy bitcoin are facing. they don't know when to buy. basically they always tend to buy when the hype is real strong like when the bubble is forming like at prices above $15k heading towards $20k. and then they, for some reason, become inactive during the dips! for example nowadays you see a lot of people who are scared of buying not because they don't think there won't be a rise, no no no, they actually know there will be a huge rise but they are scared because they think there can be more drops, and partly greedy because of it. so they wait for that drop then wait more and more until it is too late and then start buying on the rise and cause a shoot up and the bubble.
there is a mining:market dynamic paradigm that plays out
people always look for th cheapest ways to get bitcoin. so yes there is a correlation between market:mining during low speculation
firstly it isnt an instant reaction as soon as a block reveals its hashrate the price of mining calculates and markets react.. its a bit slower
EG octobers hashrate curve led to novembers market reaction
secondly its more about a underlying value (below the speculative price) support. so it wont help you much predict the next speculative hype.
however when you see the hashrate move and has a sustained period of a certain level. the markets react.
people will always find the cheapest way to get bitcoin, so that could be mining when hashrate is low in comparison or markets when hashrate is high, but they end up pulling each other up and down to equalibriate themselves in a low speculative time
in short right now based on mining cost. 104*average exa hash rate=bottomline market support
so if market prices are near the result you know its a good price.. if the market price is way up above, then the price is too high and not sustainable and has high chance of coming back down
the magic number 104 is based on the mining cost of the majority at present. using the most efficient costs. so its the bottomline value.
this number can change periodically when different batches come out that are more efficient. but instead of doing the complicated maths i just simplified it down to the easiest representation of the mining cost math so that people can easily calculate costs in one easy calculation.
people always look for th cheapest ways to get bitcoin. so yes there is a correlation between market:mining during low speculation
firstly it isnt an instant reaction as soon as a block reveals its hashrate the price of mining calculates and markets react.. its a bit slower
EG octobers hashrate curve led to novembers market reaction
secondly its more about a underlying value (below the speculative price) support. so it wont help you much predict the next speculative hype.
however when you see the hashrate move and has a sustained period of a certain level. the markets react.
people will always find the cheapest way to get bitcoin, so that could be mining when hashrate is low in comparison or markets when hashrate is high, but they end up pulling each other up and down to equalibriate themselves in a low speculative time
in short right now based on mining cost. 104*average exa hash rate=bottomline market support
so if market prices are near the result you know its a good price.. if the market price is way up above, then the price is too high and not sustainable and has high chance of coming back down
the magic number 104 is based on the mining cost of the majority at present. using the most efficient costs. so its the bottomline value.
this number can change periodically when different batches come out that are more efficient. but instead of doing the complicated maths i just simplified it down to the easiest representation of the mining cost math so that people can easily calculate costs in one easy calculation.
There is no exact price of bitcoin. It depends on the rate of bitcoin in the market. Many of the bitcoin holders are buying bitcoin when the bitcoin price is very law. But when the bitcoin hits the price or the price is right for them to sell bitcoin they will grab the opportunity to sell it. But when the bitcoin's price is low they will buy the more they can get. So that they can sell it double or triple the price of the bitcoin when they bought it.
You have shown a good strategy to buy bitcoin. Buying Bitcoin at growing and declining stage is profitable as we know buy it is high risky to buy at boom period as you have shown in the diagram. Investors need to analyze technically.
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