Is anyone buying right now because they think we are at or close to the bottom?

jaberwock

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Quote from: jakelyson on November 07, 2022, 06:50:32 PM

Quote from: Vaskiy on November 07, 2022, 06:16:46 PM

When we enter the market at the bottom we will able to book profit at the earliest and higher the price we need the patience to hold and experience the profit out of the investment.

But there is no way we would know if the price were at the bottom already. We can only speculate and most of the time our speculation is wrong.

But what we know is that after the halving, there is a fat chance that we will experience a new all-time high again. There is always a bullish market after the halving. So, even if the price is not yet at the bottom today, if your target is profit after the halving, then now is a good time to buy. The price is low and even if it is not the bottom price, we can still net a good profit come bull market. We just have to build our stocks before that time come.

I think after the halving would be great for everyone who is holding right now and the people who are doing that already knows about this. I know that they are feeling like they might be wrong, and it could go lower, but there is no need to be afraid because I agree that a tiny bit of drop doesn't matter at this point.

Everyone who knows bitcoins cycles would tell you that we are in a great period right now and it will go amazingly in the near future. Just keep holding, buy more and keep on holding as long as you can. That will guarantee a profit in the future, I think it won't take as long as after halving, but that will the biggest price and a brand new huge ATH by that point.

LittleBitFunny

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Quote from: sukmo on November 08, 2022, 08:00:19 PM

Bond yields have increased a lot in the last 2 days and the stock market is likely to retest yearly lows as well.

As they are closely correlated, so are most crypto assets. they believe Bitcoin has not hit rock bottom and they will buy again when Bitcoin really is at its level.

Both markets are correlated but that doesn't mean they will always move exactly the same. The stock market is rising and so is bitcoin as we are benefiting from the news of the US midterm elections. But yesterday we received bad news in the crypto market, the battle of the two biggest players in the market caused a very unexpected drop.

Without this bad news, I believe the market will recover well this month and the market will not follow the stock market, we are doing better than them as bitcoin has consistently held above $19k over the past few months, while the downtrend stocks show no signs of stopping.

sukmo

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Bond yields have increased a lot in the last 2 days and the stock market is likely to retest yearly lows as well.

As they are closely correlated, so are most crypto assets. they believe Bitcoin has not hit rock bottom and they will buy again when Bitcoin really is at its level. the bottom line, bottom line: they invest and buy Bitcoin now, hope Bitcoin can reach $60-70k in the next few years, for that in this case the conclusion: to buy Bitcoin now is up to the user himself, of course, not necessarily don't buy, which is clear if you are targeting the price of Bitcoin to the level of $60-70k it might be a good consideration.

it's good to monitor or record all the buying and selling that we do during this bear market. I make sure to buy as much BTC as possible until the price goes up again. I recorded the price I bought some BTC for future reference. We know the price may take a long time to rise again but at least I can know if I can sell that BTC in a certain amount.

jakelyson

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Quote from: Vaskiy on November 07, 2022, 06:16:46 PM

When we enter the market at the bottom we will able to book profit at the earliest and higher the price we need the patience to hold and experience the profit out of the investment.

But there is no way we would know if the price were at the bottom already. We can only speculate and most of the time our speculation is wrong.

But what we know is that after the halving, there is a fat chance that we will experience a new all-time high again. There is always a bullish market after the halving. So, even if the price is not yet at the bottom today, if your target is profit after the halving, then now is a good time to buy. The price is low and even if it is not the bottom price, we can still net a good profit come bull market. We just have to build our stocks before that time come.

Quote from: ?? on ??

Thinking about buying at the dip and collect it later on few years required a lot of patience , few people could take the patience into a whole new level. Is it too late now at $20k ? Sure it is not , go get them.

I think if the person knows what he is doing and that his target is the price after a few years, then he can be patient. A few years gets by so fast you might not notice it is halving again.

Vaskiy

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The real bottom of the market is yet to reach. Right now we're at the critical time period where every decision needs to be taken in a perfect way to stay strong in the market. Even now investing isn't a bad choice, but we should have the patience to experience the profit out of the investment.

When we enter the market at the bottom we will able to book profit at the earliest and higher the price we need the patience to hold and experience the profit out of the investment.

dezoel

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Quote from: kotajikikox on November 02, 2022, 07:12:31 AM

Quote from: ?? on ??

As long as the Bitcoin price is still under $20K, it's definitely better to buy because it's not too far from the lowest price it has seen in this year. In addition, a price break above $20K for Bitcoin is still very likely to occur in the near term because a move that is not too far away for Bitcoin to achieve is always more certain to occur under current conditions than a larger increase in the near term.

and let us look at the advantage of the current market , there are so many ways to invest but this is the perfect timing , they are sometimes eager to earn instant but there is no such thing in crypto unless you are willing to buy at BS coins.
in our time now at 20k level is the perfect timing for all time , either to fall low or to go high ?there are many chance of earning.

Unfortunately, there are way too many people who think that they could get in today and 100x tomorrow, and they do riskier and riskier things to make that money as well. This is why futures are so dangerous, newbies do 100x long position for example and wait for it to happen but in reality, we are seeing it not happen that way. They end up losing it all and that’s the problem.

Normally if they were wise, they would end up buying from these lower levels right now and make a profit later on. That would be a long term investment and they could make so much from it. Instead of x100 in a day or week or month, focus on 10x in a year and you could actually achieve that if you know what you are doing.

YUriy1991

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Quote from: edward500 on September 22, 2022, 06:36:42 PM

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

My first impression that getting into Crypto investing was really much more difficult than I imagined. Anyone can think "buy low, sell high" but if we are wiser by looking at history and potential opportunities with every decline, it will be another story.

Yes. This is an interesting statement in my opinion because The world is paying attention to digital currencies, and the currency that captures the largest market share is likely to become the clear leader in the near future. Yes, the investor mentality must be owned if we have entered.

Franctoshi

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Buying at $20k is really a nice price level for one to take part of their share and own a Bitcoin, The number of Bitcoin moving out of exchange has been seeing a new record highs, recently the Single highest Bitcoin withdrawal 55,000 BTC worth about $1.1Billion was withdrawn from Binance to an unknown or private wallet, This means people are accumulating and not willing to sell anytime soon, which in my opinion is a Bullish sign for Bitcoin and the crypto space.

Zanab247

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If i were to buy , I will still choose the bottom and I believe that this is one of the best timing now , price are truly at low comparing to what we had in the last year Bull market.

Maybe seeing this opportunity will add flavor to our strategy , Buy low and sell high.

I guess, anyone that will use this last opportunity to buy Bitcoin will have something favourable to earn in the future because the bull market is about to appear for those that invested in Bitcoin to feel the effect in the community. Since the price of Bitcoin is still in $20k over a week now, show that bull season is no longer far for investors to start experiencing bull market in the community. I don't think, the price will decrease more than $20k before it will rise higher for bull season to continue till the end of this year.

kotajikikox

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Quote from: Chato1977 on October 24, 2022, 11:56:03 PM

indeed, the lowest we had since the last Year ATH so buying now is much safer compared to the prices in the beginning of this year or the next.

As long as the Bitcoin price is still under $20K, it's definitely better to buy because it's not too far from the lowest price it has seen in this year. In addition, a price break above $20K for Bitcoin is still very likely to occur in the near term because a move that is not too far away for Bitcoin to achieve is always more certain to occur under current conditions than a larger increase in the near term.

and let us look at the advantage of the current market , there are so many ways to invest but this is the perfect timing , they are sometimes eager to earn instant but there is no such thing in crypto unless you are willing to buy at BS coins.
in our time now at 20k level is the perfect timing for all time , either to fall low or to go high ?there are many chance of earning.

stomachgrowls

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Quote from: Finestream on October 25, 2022, 04:12:48 PM

Quote from: EdenHazard on October 09, 2022, 05:45:45 PM

Quote from: Natalim on October 05, 2022, 07:38:53 AM

Well, it is not a question if people buy because of thinking about the bottom is coming but certainly, because they are thinking that this is an opportunity. Perhaps, the idea that we have been using before "buy low and sell high" is really effective and obviously, this is what we applied.
It is people simply think that buying today will give them profit when the market is in bullish again. And it was a mindset now, especially for long-term investors and have an experience in the pass bull season.

Everyone always thinks that the price going back up whenever the price hitiing its lowest point of certain time span , where actually it could be a trap bull ... beware just beware , people tend to get tricked by these market situations ..

Instead bouncing back ... we could dig our own grave really deep.

Bull trap is not new to us, and maybe newbies also have learned from it as well. But since bull trap is quite inevitable, then doing DCA would be the best thing to do. We can always accumulate coins every time the price drops. And since we are still facing the bear season, then it’s always a good opportunity to buy this time and hold them for long term profits.

For those who had real market experience on long time basis then for sure these small increase increments arent something that looks interesting into our eyes.For those who had bought on 18k price point then selling

on the current price wont really be that a bad idea.Lets not just make ourselves believe that this is the beginning of the bullrun, if it does then its good but if not then you should make yourself that emotionally prepared.

Sell when you are in greens and dont need for you to wait up a long time for you to make profits.You could eventually make profits if you do know on how to play these price movements.
It is really just depending on someones decision on how they would really be handling market volatility.

Finestream

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Quote from: EdenHazard on October 09, 2022, 05:45:45 PM

Quote from: Natalim on October 05, 2022, 07:38:53 AM

Well, it is not a question if people buy because of thinking about the bottom is coming but certainly, because they are thinking that this is an opportunity. Perhaps, the idea that we have been using before "buy low and sell high" is really effective and obviously, this is what we applied.
It is people simply think that buying today will give them profit when the market is in bullish again. And it was a mindset now, especially for long-term investors and have an experience in the pass bull season.

Everyone always thinks that the price going back up whenever the price hitiing its lowest point of certain time span , where actually it could be a trap bull ... beware just beware , people tend to get tricked by these market situations ..

Instead bouncing back ... we could dig our own grave really deep.

Bull trap is not new to us, and maybe newbies also have learned from it as well. But since bull trap is quite inevitable, then doing DCA would be the best thing to do. We can always accumulate coins every time the price drops. And since we are still facing the bear season, then it’s always a good opportunity to buy this time and hold them for long term profits.

peter0425

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If i were to buy , I will still choose the bottom and I believe that this is one of the best timing now , price are truly at low comparing to what we had in the last year Bull market.

Maybe seeing this opportunity will add flavor to our strategy , Buy low and sell high.

Chato1977

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Quote from: Don Pedro Dinero on October 24, 2022, 10:46:49 PM

Quote from: Chato1977 on October 24, 2022, 10:39:55 PM

I don't buy because this is close to bottom , but I am buying because I believe i will earn in the future ,

At first sight, what you say is paradoxical, because if you believe that what you buy now will give you returns in the future, it is because it is cheap now in relation to future prices.

Yes it is , but i am here tobuy and not to expect earning at least this soon , I mean I trust to be profiting but in the long term things that I believe different from what OP is pointing.

Quote

I also accumulate now. In fact, people with money know that these bear markets are the best times to buy. The price has been for a long time in the area between 17 and 22,000 USD, which for me indicates strong support, and in the medium term we can only go up.

indeed, the lowest we had since the last Year ATH so buying now is much safer compared to the prices in the beginning of this year or the next.

Don Pedro Dinero

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Quote from: Chato1977 on October 24, 2022, 10:39:55 PM

I don't buy because this is close to bottom , but I am buying because I believe i will earn in the future ,

At first sight, what you say is paradoxical, because if you believe that what you buy now will give you returns in the future, it is because it is cheap now in relation to future prices.

I also accumulate now. In fact, people with money know that these bear markets are the best times to buy. The price has been for a long time in the area between 17 and 22,000 USD, which for me indicates strong support, and in the medium term we can only go up.

Chato1977

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I don't buy because this is close to bottom , but I am buying because I believe i will earn in the future , and also I know that I have enough funds to risk now.

the funds I have available are the extra money I earned in my outside job so there is nothing to lose at all.

kotajikikox

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Quote from: bestcoins1 on October 03, 2022, 05:13:47 AM

Quote from: kotajikikox on October 02, 2022, 08:06:36 PM

Yeah thats me , I kept my funds at least semi long term or will never decide to sell in losses , have been in this strategy for years though at one point when there is a emergency needs for funds? yeah i did sell my coins at small losses but did a recovery in the next year come.

If you sell assets because of an emergency need or need funds suddenly, I don't think it's a mistake even though there must be a small loss to be borne. Because the important needs for life are the main things that must be met before meeting other needs. So you actually don't make a mistake by selling a small loss because you can still get a recovery in the next year on the remaining assets you have.

of course that emergency comes from time to time but at least we must have extra funds standby so in this cases we have something to take on though limitation is there so in time of bigger needs then yes its ok to sell some or even all but must be ready to buy again once there are available funds to risk again.

Quote from: Maidak on October 09, 2022, 11:05:53 PM

We know that bitcoin price prediction is impossible and just looking at the current price bitcoin is down about 60-70% from its ATH it can be said that this is a good price to start buying. Maybe there will be other drops but maybe we have bottomed out, who knows? Don't try to find where is the lowest bottom, it won't work, you can buy anytime as long as you find that price matches your target then you can buy.

it is 60-70% drop and yes this can be acted rightful by buying now instead of feeling sorry for our losses because of drops.

Oceat

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Quote from: freedomgo on October 24, 2022, 03:58:20 PM

Quote from: _act_ on September 22, 2022, 06:39:57 PM

Bitcoin has decreased significantly. It was bull market before, then followed by a significantly bear market. What next after a significant bear market? Bull market would follow.

To achieve the result of full bull market may take time, you can also hold for long.

If you aim for huge profits in the future, of course you will take the risk investing in this bear market because it would be the best entry for investments. So buying bitcoin and long term hodling is the best thing to do because when the bull market turns over, it’s always bitcoin that will surge high and skyrocket compared to altcoins in the market because they simply follow the path of bitcoin.

One thing that will push Bitcoin price to the top is not just the demand or supply but it's the halving cycle of coin and when the whale started to make a move that's the time hoarders will start to FOMO that would basically create a pump/surge in the market. But for now, it's not yet the right time to sell and people should buy now instead of waiting the bull market to kick in if they want to invest for long term. Waiting for this chance to buy a cheaper price isn't always present but it's always in the market longer than the bull run so how come people won't buy now instead they buy during the bull surge?

Sanitough

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Quote from: edward500 on September 22, 2022, 06:36:42 PM

Is there anyone buying right now because they think we probably will not go much lower and don't want to miss out at these low prices?

I am not talking about people who are averaging down or doing their weekly small bitcoin purchases, I am talking about people who are actually converting their cash into serious bitcoin holdings, or increasing their bitcoin holdings by a large amount.

There are always opportunities every time the market value drops as it’s the perfect time to buy and hold for future profits. So it’s not a surprise if people will come into the market and increase their investments because they always look for long term profiting. And if you aim for that, now is the best time to invest and just hold your patience and always be motivated with positivity because that will help you to get through throughout the bearish market.

philipma1957

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Quote from: OgNasty on October 24, 2022, 02:58:59 PM

Plenty of signs are popping up that we are at or near the bottom. Is this the absolute bottom? Maybe not. I personally think that we're more like the $6K range in 2018, but with futures playing a role in the market now it may be "different this time." Still, the timing of the 4 year cycle is screaming that we're at the bottom, as well as several charts I keep seeing posted around social media. I am in the camp that it's time to be buying and if it dips down to $12K, I'll be buying more and advising others to do the same. I think the risk/reward scenario currently being shown by the market says that now is a good time to be buying, regardless if we hit $12K in the near future or not.

as long as you can do a weekly dca move all of nov and dec and of course oct.

Ie 2 + 4 + 5= 11 buys a week apart. should be decent enough.

Me I am buying mining gear (s19s) and US I bonds at 9.62%

Topic: Is anyone buying right now because they think we are at or close to the bottom? (Read 992 times)