That was really a risky thing to do because price correction is coming soon.
Before doing such, there is something you really have to decide on your own first and foremost, and that is, will you hold it or trade it. This is a very good question because if you are a long term holder, then there is nothing to worry about because you will be forced to hold and not sell at loss when market factors sets in but if you are a trader then you have to study the market and know when to sell. On the other hand, asking about predictions, to be frank you can't get an accurate prediction, remember it took Bitcoin a very long time to reach $20k amidst all the predictions made by series of experts. So currently, no one knows what price it will attain next.
Topic: I bought BTC at 23.5K$ - page 7. (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?!
are you a trader or investor ??I think bitcoin is a long term investment so don't panic if you buy Bitcoin at a high price, you just need patience to hold bitcoin.
Many people predict the bitcoin price will reach 100,000 $ - 300,000 $ by the end of 2021.
You should do your research first before you place your investment, asking for the next target surely have lots of different opinions. It's best to have your own knowledge and have a much deeper understanding to avoid making a big mistake in case that certain sideways happened. Moving forward, if you are an investors and you are using spare money, whatever value you enter it doesn't matter having a good target allows you to keep your assets and wait for the benefits that you are aiming to earned.
Buying that high was risked and we all know there will be a correction of the price in upcoming days, you should have waited for it to settle down after the correction process. Nonetheless, buying at low or high it doesn't make difference if you are long-term holder and I concur that you are really one and with that there's nothing to worry about then.
Bitcoin Price now new ATH. This time buy Ricky because market price correction but I believe bitcoin price next year touch $30k Plus. So hold it
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?!
are you a trader or investor ??I think bitcoin is a long term investment so don't panic if you buy Bitcoin at a high price, you just need patience to hold bitcoin.
Many people predict the bitcoin price will reach 100,000 $ - 300,000 $ by the end of 2021.
I think its too risky , if you are trader and want to earn some profit from this then its not a good time to step in . you must wait for the right time to invest .
it is human nature that when we see any thing going up we want to gt the profit from it . in my opinion we need patience and endurance .
it is human nature that when we see any thing going up we want to gt the profit from it . in my opinion we need patience and endurance .
The perfect time to buy bitcoin or any other crypto should be when the market was getting a correction. this time any prediction will be involved the reason why the pump must have happened.
you must see some news that discussed the 5 reasons why the current fundamental of the crypto market is much stronger than the last big pump that happened in 2017.
The pump will never come if there's no good reason for that.
you must see some news that discussed the 5 reasons why the current fundamental of the crypto market is much stronger than the last big pump that happened in 2017.
The pump will never come if there's no good reason for that.
Correction is unpredictable, traders won't be in front of the chart screen all day long to monitor price movements and hope for a correction. That's the importance of taking risks to reverse losses in other areas of the price movement below it. Currently, the bitcoin price is only playing at $22k- $23k, actually, the OP can use this area to take profits if he is able to day trade.
yes you're right, forget the big profits. it's hard to think bitcoin could make a new ATH now. so just sell when you get a profit. and take advantage of the daily correction to buy more. Daily trading is not so bad in the current situation. because basically the market is in a positive trend.
The perfect time to buy bitcoin or any other crypto should be when the market was getting a correction. this time any prediction will be involved the reason why the pump must have happened.
you must see some news that discussed the 5 reasons why the current fundamental of the crypto market is much stronger than the last big pump that happened in 2017.
The pump will never come if there's no good reason for that.
you must see some news that discussed the 5 reasons why the current fundamental of the crypto market is much stronger than the last big pump that happened in 2017.
The pump will never come if there's no good reason for that.
Correction is unpredictable, traders won't be in front of the chart screen all day long to monitor price movements and hope for a correction. That's the importance of taking risks to reverse losses in other areas of the price movement below it. Currently, the bitcoin price is only playing at $22k- $23k, actually, the OP can use this area to take profits if he is able to day trade.
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?!
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.
Its a good price. Look at the price right now, we are still above $23k and it looks like its not going down anytime soon. You can also look at the current trend. You will see that going to 50k is not going to be a problem next year. You can say that it is a good investment you did.
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?!
The perfect time to buy bitcoin or any other crypto should be when the market was getting a correction. this time any prediction will be involved the reason why the pump must have happened. you must see some news that discussed the 5 reasons why the current fundamental of the crypto market is much stronger than the last big pump that happened in 2017.
The pump will never come if there's no good reason for that.
I saw in one of the tweets that the Bitcoin price prediction might break $25K or more, but I think it's quite a while until the end of the year
When ride starts, applicable for both situation, pump or dump, no one can actually predict the upper limit and lower limit. Where price will climb upto or where the dump will end. This confusional state actually make the market.
23. 5k/btc is latest, almost highest point of the tide, till now. If price goes up and you hesitate to hold for long term, try to sale and can rebuy at lower price.
23. 5k/btc is latest, almost highest point of the tide, till now. If price goes up and you hesitate to hold for long term, try to sale and can rebuy at lower price.
You're brave enough to do that. If you really intend to buy, why don't you buy when the price is low, or haven't hit the new ATH? however, at the moment we don't know whether the price of bitcoin will go up higher, or go down again. however, I still believe in the development of bitcoin, but if you still have a high level of confidence that the price of bitcoin will go up again, then that's fine. I think you have considered the risks and the pros and cons before buying at a high price.
This is common during hype, Many people are being FOMO(Fear of Missing out). During low price, The trend is always going down and the common mindset was the price will still go down that's only few smart trader enter position at that point. During uptrend is what many trader like to buy because there is clear direction for the price and they easily take profit for a short trade. No one knows if this price will be the next ATH soon but buying before the correction is a very bad decision.
You're brave enough to do that. If you really intend to buy, why don't you buy when the price is low, or haven't hit the new ATH? however, at the moment we don't know whether the price of bitcoin will go up higher, or go down again. however, I still believe in the development of bitcoin, but if you still have a high level of confidence that the price of bitcoin will go up again, then that's fine. I think you have considered the risks and the pros and cons before buying at a high price.
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?!
Actually, this time is very risky, we don't know when the pump and dump will happen. But if you are sure about the decision you choose, it won't be a problem. Even though the price of bitcoin has touched $ 23,000 it will still be able to go up in 2021.
He so optimistic, and its not bad. Just not cut loss too early for next correction, i still thinking bitcoin can go higher in the next days
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?!
Actually, this time is very risky, we don't know when the pump and dump will happen. But if you are sure about the decision you choose, it won't be a problem. Even though the price of bitcoin has touched $ 23,000 it will still be able to go up in 2021.
He so optimistic, and its not bad. Just not cut loss too early for next correction, i still thinking bitcoin can go higher in the next days
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?!
You might feel cheated and frustrated that you bought BTC at 23.5K but I get it - you didn't want to miss out.Rest assured, BTC has no resistance and my speculation is that if you pay attention to the market you might even be able to make a profit. Why?
I believe that another wave is coming and it is a only a matter of days if not hours. I think the next 24h will set a new ATH for BTC, so maybe worth keeping a close eye on the market for now.
There are still 2 weeks before the year ends so there are many possibilities for bitcoin to rally again. If that happens, I suggest to OP not to get greedy and take profit at that time. Correction can happen anytime because bitcoin's price rose very quickly. I hope OP learned a lesson from this experience, I think he was caught in FOMO, no one expected it to rise at that price hence he still bought.
In what year is it? Did you buy 1 BTC or more? If you are and still hold until now, you will be very lucky and have a great party for this.
many people are really inspiring moreover those who still hold BTC from the very past time.
It has been reaching anew ATH, and you still hold it? Actually, you can spend 50% for the profits right now and some for hold. It will allow you to still have the funds and you get also the party
many people are really inspiring moreover those who still hold BTC from the very past time.
It has been reaching anew ATH, and you still hold it? Actually, you can spend 50% for the profits right now and some for hold. It will allow you to still have the funds and you get also the party
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?!
For holding then you can disregard the price level.
For trading, either by swing or day trades, you now need to closely watch the price.
You already bought at $23.5k so there's nothing you can do now but to hope for the best. Next time, don't rely on purely predictions if your purpose is to do regular buying and selling.
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