What? Did you think this is the perfect time to buy Bitcoin?. Well you are brave man it so risky if you invest right now we never know when will dump the price because once in the top it's vulnerable to dump. Well hopefully if Bitcoin will keep increasing this month.
Topic: I bought BTC at 23.5K$ - page 5. (Read 1664 times)
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?!
Some people says that the Bitcoin will be having a price correction where in it will crash around 10% before it goes up again. For me I really think this price correction would be a good time to invest in Bitcoin but analyze it well since it might either go crashing and not a price correction.
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?!
Personally, I think that investing in BTC right now is not the best choice, since the price was previously more profitable, however, if you have already made investments in BTC, then you now need to wait for further growth, and it will certainly be during 2021. The main thing is to decide in advance at what price you want to sell it in order to fix your profit. If this is not done, then you may not have time to sell BTC at the best price for you in time.
If we would going to look his side in other dimension maybe he was a trader thats why he puts risk to buy bitcoin at this high price. And gladly he was able to afford at such price which this year was considered the ATH.
I think that is the risky part that you have done, it is really a good idea to buy bitcoin but just by looking at its price, that's too high. We all want to make our money grow, why buying a coin that is on its peak, on its all-time high since it was created. If you know what's possible to happen, you may think that the price will go down in no time. Every trader or investor should know about buying low and selling high, but in the case that you bought bitcoin at its high price, that is too risky.
This is too much risky to consider even if lets say i am a trader or even i just wanted to keep bitcoin in my wallet or hard wallet because the price today was not economically practical to buy, hope that he waits a time where bitcoins value dip a little bit than affording at this value.
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?!
That would depend on you. I mean if you are a Hodler then I don't think you can call it bad timing to buy Bitcoin at this price because it is still growing even more over time. However, if you are a trader then your entry was totally wrong because why would you buy at the rally phase when you could have just wait for a correction. Perhaps FOMO is the main reason why you purchase are you? Anyway, I hope more rally comes for Bitcoin so that it wouldn't be a total loss for you. Just make sure that if you saw an opportunity to buy or to sell, don't hesitate to grab it.
I think that is the risky part that you have done, it is really a good idea to buy bitcoin but just by looking at its price, that's too high. We all want to make our money grow, why buying a coin that is on its peak, on its all-time high since it was created. If you know what's possible to happen, you may think that the price will go down in no time. Every trader or investor should know about buying low and selling high, but in the case that you bought bitcoin at its high price, that is too risky.
So you are the victim [not exactly a victim] of FOMO? Just because you saw the price start to increase, you went all in, which is a very newbie move. If you aren't confident about your investment, just sell it now since you won't be making a huge loss. If you are losing sleep over your bitcoin investment, why suffer? Just let it go.
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What is the prediction of price for now with reason?!
Just google it. You will see some say its going to go over 50k, some says its going over 400k and then others are saying the bull run is going to end soon and the price is going to drop. To conclude, no one actually knows where its heading. What is the prediction of price for now with reason?!
buying when the price is high is not the right time, but if you are already buying it then wait, there are a lot of rumors saying bitcoin could pump higher or could even hit its ATH again in the next year and we all hope this happens in the near future. and lucky I have taken the opportunity, last week when buying BTC in the price range of $ 18k
I won't dare invest in Bitcoin at a surging phase, it's too risky and I'm sure there is going to be some corrections too, the best time to invest on bitcoin is when price is down, the trick is always buy low and sell high, I've learned this in 2017 bull season
no one will ever know what will happen in the future, maybe Bitcoin price will continue to increase until next year and break through the price of $30k or even more than that, because when the price of Bitcoin fell very far then everyone doubted if the price of Bitcoin could increase again, but now Bitcoin has proven it by making the price increase very high and past its ATH price, so this proves that we don't need to hesitate by investing in Bitcoin, because the price of Bitcoin will definitely increase very high (although sometimes we take a long time to hold and get profit from investing in Bitcoin).
Well, not very wise move. Even if you don't have any experience in trading you should always take a look to the price chart and if something is going up too high and too fast you should be careful. I believe that you will have opportunity to take profit, but you will need to wait.
Why do you think it was not wise? It is better to start now, than regret not doing it in the future. Who know what the price could be even in one month. So far the history shows that everything is cyclic. He might hold it, gain experience and sell it in few years at the price of $23.5K. Or get profit soon. It would be worse if he could have bought some random altcoin now, hoping that its price would grow.
In fact, I am very optimistic about the future development of events in the cryptocurrency market and I believe that even the current price is quite suitable for profitable investments, especially if we consider them for a long period. But if the investor has confidence in the forecasts for 2021 leaving, which are based on the results of halving, according to historical indicators, then the investor can make a profit as early as next year. But I didn’t invest at this price just because today it takes too much capital to make a good profit in the near future.
It doesn't matter if you buy for $ 23k, but it is likely Bitcoin can pump higher than its current price,. Bitcoin is currently still significant at $ 23k, many estimate that bitcoin could hit $ 25k earlier in the year. so be patient and wait for the right time to sell it.
For me, buying bitcoin when it reaches new ath is very risky, you should be able to be a little patient for that. Looking at the history of bitcoin, at the end of each year there can be quite a deep correction.
Same with my thoughts. You are putting your investment at a high risk. I guess you only bought it because of FOMO and there's no wrong with it as long as you know how to handle the pressure. If you bought it for long term holding, then you can still make profits but at indefinite time. Just be more patient and always set target selling price and even stop loss. 
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?!
thats quite party at the end of year 
, 20k floor is real and i think btc price will dip 15-30% on february, 23.5 its quite high for now to enter the spacefomo fueling the hype many institutional join the train, surely they support the price at 20k, next year will be interesting for watch
need some rest and dont to rush easly, calm for the storm upon us
For me, buying bitcoin when it reaches new ath is very risky, you should be able to be a little patient for that. Looking at the history of bitcoin, at the end of each year there can be quite a deep correction.
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?!
Personally, I think that investing in BTC right now is not the best choice, since the price was previously more profitable, however, if you have already made investments in BTC, then you now need to wait for further growth, and it will certainly be during 2021. The main thing is to decide in advance at what price you want to sell it in order to fix your profit. If this is not done, then you may not have time to sell BTC at the best price for you in time.
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?!
Dam you got some nerves to purchase at that high rate. I'm not sure where you was when the price was 7k USD or 14K USD for that matter. How could you awake when the price was 23.5k which ATH in the history for bitcoin.
I would be straight here, you gonna need to wait and have lot of patience before you could cash out your profits. There is no need to sell your BTC sooner since you are already at high risk and can account for unrecoverable loss.
But there will be sure up surge in the market. Only thing that matters now is your time and patience capacity. :-)
Well depends on what is your intention in buying BTC. If you are a long time holder, let us say for decade, I think it is a wise decision but if you just bought BTC because of the hype and its current surge and expect that you will gain a huge amount of profit in a short time, I think you are mistaken. Nevertheless, just hodl your BTC and be patient.
In fact, he was trapped by the hype, as seen from the statement he said.
By seeing the increasing in price rapidly I invested in bitcoin.
indeed this has a risk, unless he is someone who does not need additional costs for the next few years.
there is still a possibility if he feels confident, but optimism and faith alone are not enough in trading. as a trader, this action is still not justified.
Everyone can buy btc on highs but to buy it on lows is really hard task for people
No, just set a timing and your price goal you can even set it in exchange just make sure that the orders that you will make is possible to filled or else you are wasting your time waiting .
It's not a hard task people just don't want to wait for longer time to buy.if he know that he can own it right away in the time he want to buy it.
Everyone can buy btc on highs but to buy it on lows is really hard task for people
Well, not very wise move. Even if you don't have any experience in trading you should always take a look to the price chart and if something is going up too high and too fast you should be careful. I believe that you will have opportunity to take profit, but you will need to wait.
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