OP’s decision was very bold and on target because now bitcoin has risen beyond the price that OP bought.
Very rarely are investors or traders able to decide to buy bitcoin at peak prices. But now the OP is making
a profit. That is why we believe that bitcoin will always raise its price in the future.
Topic: I bought BTC at 23.5K$ - page 2. (Read 1664 times)
I wonder what levels bitcoin should reach so that the consensus that the author did a good job (took a chance -> chose the right decision -> won) was fully achieved? 
I think at about the level of 30k plus it is necessary to write to inform that the profit is fixed 
OP already earned a profit of around $3k in a short period of time as the price already crossed $26.5k and it was the right decision looking at the price at the moment. He was confident about the price moving higher and he took his chance and paid off. I am not confident to enter at this valuation even though i am confident that the price would recover even if we have a correction. I think at about the level of 30k plus it is necessary to write to inform that the profit is fixed 5k at its peak. Interestingly, OP will write how he acted after the purchase, personally, it would be interesting for me to observe the actions of a new investor when such a situation occurs - in a short time the profit is received and it can be fixed. Which will turn out to be stronger - greed (the desire to get even more profit) or calculation? I don't even know how I would have acted in his place.
Greed is sometimes the reason why we fail and I understand investors especially a newbie who have a little investment because they want multiple increase to get a decent profit, for some, a 10% increase is already huge but for small investors who invest like $1,000, that's only $100 so it's not really that satisfying, hence they'll continue to hold and maybe hope for an increase of x10 or more.
I wonder what levels bitcoin should reach so that the consensus that the author did a good job (took a chance -> chose the right decision -> won) was fully achieved? I think at about the level of 30k plus it is necessary to write to inform that the profit is fixed
OP already earned a profit of around $3k in a short period of time as the price already crossed $26.5k and it was the right decision looking at the price at the moment. He was confident about the price moving higher and he took his chance and paid off. I am not confident to enter at this valuation even though i am confident that the price would recover even if we have a correction. I think at about the level of 30k plus it is necessary to write to inform that the profit is fixed 5k at its peak. Interestingly, OP will write how he acted after the purchase, personally, it would be interesting for me to observe the actions of a new investor when such a situation occurs - in a short time the profit is received and it can be fixed. Which will turn out to be stronger - greed (the desire to get even more profit) or calculation? I don't even know how I would have acted in his place.
If you buy bitcoin for 25.5k now you have the advantage because the current price is 27.5k happened in just a few days, so there is no doubt to buy bitcoin now or before as the price keeps going up.
and the new ATH keeps going until it reaches a new ATH of up to 30k which I think will happen in the near future, so don't be left out if you want to invest before the price continues to rise and enjoy.
and the new ATH keeps going until it reaches a new ATH of up to 30k which I think will happen in the near future, so don't be left out if you want to invest before the price continues to rise and enjoy.
As a momentum trader, I buying at highs and selling it higher. A lot of people mistakenly think that the price of the bitcoin is now too expensive without knowing that its price will increase more because it is currently trending. Being a momentum trader has risk because you do not know when the trend will snap, there are times that I sell in strength and sometimes in weakness. I actually entered in a recent trade where I have current paper gains which is 12% after I bought at the breakout in previous resistance at $24,200. For those who want to enter, there are still opportunities but be sure first that you have trading plan wherein you know when you will enter, when you will cut your position and when will you sell. It is not about holding for a long period of time, it is about following your rules in order to survive the market challenges and obstacles.
Op is really a strong person, because very few have got the mind to risk investing at a higher price. No one is sure about the growth. Reaping the profit investing at its ath is awesome. The trend of this year is completely different from the previous bull market. The volume rising everytime is good to push the price high and high. Hope the growth continues, and now more people will be thinking of an altcoin trend change.
Well, judging by his actions, if he buys 1 bitcoin, then by now he has made a profit of around $ 3000. however, it was quite a difficult decision for me to make, especially now that bitcoin has a very high price. however, he had great courage. it's just that, the next challenge is whether he will continue to hold back, or he will sell it soon. 
Op is really a strong person, because very few have got the mind to risk investing at a higher price. No one is sure about the growth. Reaping the profit investing at its ath is awesome. The trend of this year is completely different from the previous bull market. The volume rising everytime is good to push the price high and high. Hope the growth continues, and now more people will be thinking of an altcoin trend change.
Only time will tell if your purchase at $23.5k is good. As of this moment you are already in profit, though I think you're not looking for such small gains and you are in it for the more handsome returns. Don't worry, it's not just you who bought at this price range, and even huge companies are also actively buying at this point and are keeping it in cold storages. The only difference is that they have the means to risk a huge sum of money, and you having to take the risk with a much smaller bankroll. Just sit on it and sell if you feel like you can't hold the pressure anymore. No one will judge you for sure. 
Exactly, although there are a lot of positive news for 2021, it might take some time to really realised a profit here because it seems he bought it on top. Nevertheless, the best thing to do is just HODL and hope that there could still be some positive news next year that will put the price of bitcoin in the range of $30k-$50k.
I think the OP knows the risk before hand, and willing to take it just like the rest of us.
He will not feel the profits if his capital is only few bucks only but if he bought it with huge amount for sure he will enjoy the profits even by now and if he hold it until the price reached @$30k then provably he is more happier than that.
Of course, as I see it perhaps minimum $30k so see a good profit. Again, if he is here for the long haul then it won't be a problem for him to have this HODL mentality. Bare minimum @$30k and then hope for the best to double up @$50k.
And hopefully he know to counter the risk since if he's the same with other riding with fuds and easily believe about dump hearsay then for sure he will lose his money for that reasons.
Yup, he also need to stay mentally strong when there is FUD around, for most of us, who at least have been in crypto sphere for the last 3 years or more, we have someone learn how to control our emotions and not believed or at least do our due diligence first before listening to this negative news.
I wonder what levels bitcoin should reach so that the consensus that the author did a good job (took a chance -> chose the right decision -> won) was fully achieved? I think at about the level of 30k plus it is necessary to write to inform that the profit is fixed
OP already earned a profit of around $3k in a short period of time as the price already crossed $26.5k and it was the right decision looking at the price at the moment. He was confident about the price moving higher and he took his chance and paid off. I am not confident to enter at this valuation even though i am confident that the price would recover even if we have a correction. I think at about the level of 30k plus it is necessary to write to inform that the profit is fixed
If you have bought bitcoin in a price of $23.5K, I think you are really happy today because bitcoin's price is now on $26K. So even you are a little bit late on buying bitcoin, you still have been able to gain profit in the middle of it's expensive price today. Buying bitcoin in an above price of $20K is a little bit of a risk because we can't honestly determine when will bitcoin's price will go up or down due to it's volatility, that we might experience a sudden downfall.
Only time will tell if your purchase at $23.5k is good. As of this moment you are already in profit, though I think you're not looking for such small gains and you are in it for the more handsome returns. Don't worry, it's not just you who bought at this price range, and even huge companies are also actively buying at this point and are keeping it in cold storages. The only difference is that they have the means to risk a huge sum of money, and you having to take the risk with a much smaller bankroll. Just sit on it and sell if you feel like you can't hold the pressure anymore. No one will judge you for sure.
Exactly, although there are a lot of positive news for 2021, it might take some time to really realised a profit here because it seems he bought it on top. Nevertheless, the best thing to do is just HODL and hope that there could still be some positive news next year that will put the price of bitcoin in the range of $30k-$50k.
I think the OP knows the risk before hand, and willing to take it just like the rest of us.
He will not feel the profits if his capital is only few bucks only but if he bought it with huge amount for sure he will enjoy the profits even by now and if he hold it until the price reached @$30k then provably he is more happier than that.
And hopefully he know to counter the risk since if he's the same with other riding with fuds and easily believe about dump hearsay then for sure he will lose his money for that reasons.
I wonder what levels bitcoin should reach so that the consensus that the author did a good job (took a chance -> chose the right decision -> won) was fully achieved? I think at about the level of 30k plus it is necessary to write to inform that the profit is fixed
I think at about the level of 30k plus it is necessary to write to inform that the profit is fixed Only time will tell if your purchase at $23.5k is good. As of this moment you are already in profit, though I think you're not looking for such small gains and you are in it for the more handsome returns. Don't worry, it's not just you who bought at this price range, and even huge companies are also actively buying at this point and are keeping it in cold storages. The only difference is that they have the means to risk a huge sum of money, and you having to take the risk with a much smaller bankroll. Just sit on it and sell if you feel like you can't hold the pressure anymore. No one will judge you for sure.
Exactly, although there are a lot of positive news for 2021, it might take some time to really realised a profit here because it seems he bought it on top. Nevertheless, the best thing to do is just HODL and hope that there could still be some positive news next year that will put the price of bitcoin in the range of $30k-$50k.
I think the OP knows the risk before hand, and willing to take it just like the rest of us.
Although its difficult support after what you have done cause bitcoin price is on ath and record milestone, can be occurred something unpleasant anytime.and you let your fund to survive at high risk! but I'm glad to see, btc already cross $24.5k, what may makes you tension free.even the market is still bullish and verily possible to hit upto $25k within this year.although market is totally unknown but you are welcome to this bitcoin game
Only time will tell if your purchase at $23.5k is good. As of this moment you are already in profit, though I think you're not looking for such small gains and you are in it for the more handsome returns. Don't worry, it's not just you who bought at this price range, and even huge companies are also actively buying at this point and are keeping it in cold storages. The only difference is that they have the means to risk a huge sum of money, and you having to take the risk with a much smaller bankroll. Just sit on it and sell if you feel like you can't hold the pressure anymore. No one will judge you for sure.
I hope now you haven't sold it, because a few days ago there was panic selling occurred in Bitcoin,
if you panicked sell it and sold it at $ 21k, of course it's a bad decision, Bitcoin is very bullish until 2021,
so don't sell it at a loss. Even though we know the high volatility of bitcoins makes people afraid to buy them,
but for institutions they have already bought tens of thousands of bitcoins they hold!.
if you panicked sell it and sold it at $ 21k, of course it's a bad decision, Bitcoin is very bullish until 2021,
so don't sell it at a loss. Even though we know the high volatility of bitcoins makes people afraid to buy them,
but for institutions they have already bought tens of thousands of bitcoins they hold!.
What price one bought will not matter at all. What will matter is whether you sold it before you made a fortune. EVERYONE is going to make a fortune as long as they HODL or combo (HODL + Trade).
Any weird regulation which comes along may dump Bitcoin on its a$$ (sub $10k) but it will pick up in the long run.
Any weird regulation which comes along may dump Bitcoin on its a$$ (sub $10k) but it will pick up in the long run.
I think buying bitcoin at $23500 depends, for me I will prefer to trade bitcoin and using spot or future trade will be good but they are highly risky, especially future trading. But to hold is not bad either, institutions are investing while many other investors could also invest, but if institution whales can invest, it can lead to increase in market capitalization of bitcoin. The two are better but depending on how expert someone is to make maximum profit.
This is not a problem, you didn't do anything wrong by buying at 23.5k, people who are still not buying bitcoin are doing the biggest mistakes of their lives, people who buy (no matter what price) have made decent returns no matter what. Of course you may have bought at a "late" stage compared to many other people, people who bought at 20k back in 2017 barely made a profit only after 3 years, those are bad looking deals to people from outside. However if you are a smart investor you could always make a huge profit later on, why did people who bought at 2017 for 20k price made a profit only recent?
Because the price only went above 20k recently, but what about those who bought at 20k in 2017, and then at 17k then at 15k then at 10k then again at 6k and then again at under 5k? Those people bought at many different places and made a huge profit later on way quicker. So, keep buying at lower or higher levels and you will do great.
Because the price only went above 20k recently, but what about those who bought at 20k in 2017, and then at 17k then at 15k then at 10k then again at 6k and then again at under 5k? Those people bought at many different places and made a huge profit later on way quicker. So, keep buying at lower or higher levels and you will do great.
By seeing the increasing in price rapidly I invested in bitcoin. Was it the perfect time? What is the prediction of price for now with reason?!
It's not a perfect buy but it's still a good buy at that level, Bitcoin is not expected to go down $20k judging from the kind of momentum Bitcoin is having right now, if you are patient and you are good at HODLING your token then you have nothing to worry, one of thing that worries people is when they bought or invested on funds that they are not comfortable losing or they have to spend their saving investing in Cryptocurrency.
maybe it can be right what the colleague said above that it is not a perfect purchase, because the price is also quite high.
but there is no need to worry that the possibility of going down and up will always be possible for bitcoin. Please note that in an hour bitcoin can move quickly to go down or up, so if there is a decline it can be quite surprising and if there is an increase it is likely to break through $ 25k.
but this is a prediction from the past halving that this year is not the peak of bitcoin but it will happen next year which is likely to happen again renewable ATH can even be fantastic.
because% difference between 1st and 2nd Halving is very sharp, from there the prediction is estimated.
we hope that can happen, otherwise it means that the Halving does not reflect the true prediction and we must be prepared.
Jump to: