I bought BTC at 23.5K$ - page 9. | Bitcointalksearch.org

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: JTripathy on December 18, 2020, 01:08:37 PM

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?!

Determine yourself why you've bought at the top. Are you treating it as a long term hold or you just want to cash out because the market has been moving faster than ever and just reached another all-time high? I'll tell you what are the most predictions for 2021, not now.

$100k is the price that I mostly see for the possible to happen on 2021. That may look seems to be a high price but we'll not know which is exactly going to be reached by bitcoin again. It has reached $23k and you bought at a not good time if we're talking about current price. But you only need to think when and what price you'll be selling it. You can buy again with the strategy of cost averaging to at least remove your doubts and keeps stacking sats on your portfolio.

CryptoLogo

sr. member

Activity: 656

Merit: 251

www.fintropy.io

Personally, I would be afraid to buy bitcoin at its very top. I'm afraid you fell victim to FOMO.
Even if Bitcoin rises to $ 25,000, you will not sell it in anticipation of a higher level, and here a correction may begin that will take Bitcoin to $ 15 -17 $. What will you do then? Fixing losses?

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: JTripathy on December 18, 2020, 01:08:37 PM

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?!

Trying to look in the current price then you are definitely in loss or negative but this wont really be an issue if you are a holder or tending for long term aspect
but if you are here to make deals in shorter time frame then you are on the losing side.This is the result when you do get fomo'ed where you do believe that the price would
go even more but the fact that there would always be some sort of correction or pullbacks which would make the price lower and in result for some loss
but as long you do make hold of your coins then you wouldnt lose anything unless you do sell it off but if not then theres tendency for recovery or breaking even.

SpanishSoldier

sr. member

Activity: 728

Merit: 256

Quote from: JTripathy on December 18, 2020, 01:08:37 PM

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 best time to buy bitcoin was 2009. The next best time is NOW. just HODL strong for a few years.

Dragonfund

full member

Activity: 546

Merit: 148

Quote from: JTripathy on December 18, 2020, 01:08:37 PM

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?!

Why don't you asked the question before you bought bitcoin at that point price, you must have fomo in which is really bad. If you are holder and looking for something next year or 2, now price shouldn't be a concern but if you are really hoping to sell any moment soon, I think you might have made a mistake.
Some expert are predicted that Btc will head to $40k by next, though to me it looks like shilling and I want everyone to be careful, don't buy the news rather buy into rumor and save your self when every fomo into the market. The excitement is something out of this world.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Just right on time though you could've earned more back when it was still stabilizing in 19k and more when it was around 10k.
It's your money and your trading strategy. As long as you see greens in the chart, you did the right thing. Many could've been thinking of too late right now in investing but just put it in their mindset that there ain't a single peak when it comes to Bitcoin's price.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

Quote from: JTripathy on December 18, 2020, 01:08:37 PM

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?!

I personally applaud your risk-taking, where many traders avoided positions priced at $ 23,000 and above. Maybe you will be day trading, and can't do it in the long term for now. it doesn't matter, whatever you do, as long as it's right in your opinion. but you also don't miss the advice of many people, for your sake. because trading is not about how much emotion you see when you see the price go up, but how smart you can control yourself from price temptation

danglongbtc

copper member

Activity: 98

Merit: 0

You're in okaish bet, neither good not the best. Amount invested in BTC never get lost. If you are here for profits, you will have chance to sell it off at 25k. If that does not happen, just wait for an year or so and you will be covered.

Novatech8

member

Activity: 700

Merit: 27

Sovryn - Brings DeFi to Bitcoin

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

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: JTripathy on December 18, 2020, 01:08:37 PM

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 holder or you want to trade it ? If you want to only that Bitcoin then you are in the wrong entry you should wait for correction first before buying. But if you are a holders then the price doesn't matter. just wait a year and you will surely earn with your money invested. Those who are looking for good price to enter is mostly a traders or scalpers that taking advantage in price difference every time there is a price increase.

JTripathy

member

Activity: 308

Merit: 10

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?!

Topic: I bought BTC at 23.5K$ - page 9. (Read 1664 times)