Traders buy for a daily or a weekly view, holding a trade over a weekend for example would be unusual because of the risks increasing on Friday and Monday partly. Crypto might be different but not that different, the flow of dollars alters all other prices.
Both 2 day and weekly average are aligned. I think we have a triangle formation, a declining one. A holder is quite reasonable to buy here imo, it must be freely held capital not a trade to say that.
Topic: Is anyone buying right now because they think we are at or close to the bottom? - page 4. (Read 1019 times)
September 25, 2022, 10:47:32 AM
September 25, 2022, 06:54:01 AM
Some traders have short term goals for the upside while they are aware that in the longer run it may go lower again.
I believe btc will go towards $12K and stay there for half a year. Then we're ready for the upside again.
I believe btc will go towards $12K and stay there for half a year. Then we're ready for the upside again.
September 25, 2022, 05:14:15 AM
@buwaytress, it is not so much a problem in the price, but a much bigger problem is that most people do not believe in Bitcoin in order to invest in the long term. I believe that the majority will still wait as close as possible to the halving, and as always, they will start investing on the wave of some new FOMO. If I were to ask people the question of choosing between 2 possible scenarios when it comes to investing in Bitcoin - the first would be to invest now, wait at least 2-3 years and then sell, and the second would be to wait until the bull run starts and then sell in the next 2-3 months.
It seems to me that the latter is the option that many would choose and I can't say that I don't understand that way of thinking, although long-term investing is always more profitable, at least when it comes to Bitcoin. Of course, this may be true for those who do not look at Bitcoin exclusively through the prism of profit, but also some kind of personal financial sovereignty.
It seems to me that the latter is the option that many would choose and I can't say that I don't understand that way of thinking, although long-term investing is always more profitable, at least when it comes to Bitcoin. Of course, this may be true for those who do not look at Bitcoin exclusively through the prism of profit, but also some kind of personal financial sovereignty.
Yeah, I'm beginning to notice that the real holders actually are very much older people OR people who got in extremely early and have just been selling to improve their lives, keeping as much as possible and reupping after ATHs. Your take also matches with what I believe to be true, and this is from personal circumstantial evidence but the newer investors are really just speculators in disguise I'd say. And their actual utility (using Bitcoin to pay for stuff, etc.) tends to correlate with that behaviour.
September 25, 2022, 04:24:00 AM
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.
Every day you can see people buying and selling their Bitcoins. If you are asking anyone is buying right now? Even during the bull season, buying events existed, it much more during the bear season, therefore, the answer is YES. In fact, in the past few days, Microstrategy is purchasing a huge amount of Bitcoin that even gets the attention to the community, and for sure some small market players are also doing this. 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.
September 24, 2022, 06:52:00 PM
I want to make a bitcoin purchase for a large amount for myself, but frankly the market does not inspire confidence in me. Bitcoin has been near the bottom too often and is approaching its previous bottom. I've bought bitcoin many times before just before the fall and I don't want to get into that situation again. Although I still think it's a good time to buy, I'd rather refrain for a while, maybe until next month.
Why would you bulk buy some BTC when you could just buy whenever you have some extra money? If you think you just need to buy because it's near in the ATH, that's so wrong since you are making yourself to get the less profit once it goes down. Instead of waiting for the right time to buy some BTC, you can start accumulating even small sats of BTC if you have the money since the important part is how you buy cheaper price of Bitcoin instead of waiting for the expensive one when it's near in the bull market. 
September 24, 2022, 12:25:14 PM
Hard to really know where the bottom is, btc has been on an up and down movement these past days which makes it difficult to determine if we are really close or at the bottom or if there is the possibility it will go even lower.
I have read several other info claiming 2023 will be more crucial for btc as a result of high interest rate, if that will happen then i doubt we are close or have seen the bottom yet.
I think many people are just waiting on the sideline hoping to see it go even lower as many have predicted it will be.
It's never known how low the price of bitcoin will be, maybe for the current price or maybe it will drop again to $15k/$10k it's really hard to guess, but if we are planning on long term investments many say now it's more appropriate to buy instead of waiting for the price to be uncertain whether it will go down or up, one way is to have the courage to take any decisions never to be seen from how much the price moves it will be difficult to predict, in 2023 it will be better according to what is predicted. I have read several other info claiming 2023 will be more crucial for btc as a result of high interest rate, if that will happen then i doubt we are close or have seen the bottom yet.
I think many people are just waiting on the sideline hoping to see it go even lower as many have predicted it will be.
September 24, 2022, 10:36:40 AM
There are millions of people out there that are buying because they think that the price is close to bottom and wants to maximize their profits. And then there are people out there that are buying because they can afford to buy and "lose" their money. They don't care what the current price is. But they both are willing to hold long term.
Why is it important to you if people are buying now or not? As long as you can afford to invest and willing to hold them, just invest and keep holding till you reach your profit goals. No need to wait for the bottom. No one can accurately predict when the bottom is!
Why is it important to you if people are buying now or not? As long as you can afford to invest and willing to hold them, just invest and keep holding till you reach your profit goals. No need to wait for the bottom. No one can accurately predict when the bottom is!
September 24, 2022, 07:33:31 AM
@buwaytress, it is not so much a problem in the price, but a much bigger problem is that most people do not believe in Bitcoin in order to invest in the long term. I believe that the majority will still wait as close as possible to the halving, and as always, they will start investing on the wave of some new FOMO. If I were to ask people the question of choosing between 2 possible scenarios when it comes to investing in Bitcoin - the first would be to invest now, wait at least 2-3 years and then sell, and the second would be to wait until the bull run starts and then sell in the next 2-3 months.
It seems to me that the latter is the option that many would choose and I can't say that I don't understand that way of thinking, although long-term investing is always more profitable, at least when it comes to Bitcoin. Of course, this may be true for those who do not look at Bitcoin exclusively through the prism of profit, but also some kind of personal financial sovereignty.
It seems to me that the latter is the option that many would choose and I can't say that I don't understand that way of thinking, although long-term investing is always more profitable, at least when it comes to Bitcoin. Of course, this may be true for those who do not look at Bitcoin exclusively through the prism of profit, but also some kind of personal financial sovereignty.
September 24, 2022, 06:05:02 AM
Really, not sure why people who have been waiting for good buyins are afraid of now.
If you are in this for the next cycle, what is the worst that could happen even if we revisit 2020 lows of sub 4k? I buy now and I lose, temporarily up to 80% value over the mext couple of years running up to new ATH.
Best case scenario and we are near or at the bottom and then when do we panic fomo buy? 25k? 30k? But if we did not budge now sub 19k, why wouldn't we fear 25/30 as bull traps?
Still cannot understand why people stress if they really want and believe in Bitcoin for the long term...
If you are in this for the next cycle, what is the worst that could happen even if we revisit 2020 lows of sub 4k? I buy now and I lose, temporarily up to 80% value over the mext couple of years running up to new ATH.
Best case scenario and we are near or at the bottom and then when do we panic fomo buy? 25k? 30k? But if we did not budge now sub 19k, why wouldn't we fear 25/30 as bull traps?
Still cannot understand why people stress if they really want and believe in Bitcoin for the long term...
September 24, 2022, 05:54:37 AM
~snip~
I don't know what the ultimate bottom will be, but I do believe fairly strongly that the 2025 high is going to be significantly higher than the 2022 low. A guessing man might say as much as 20x higher.
I don't know what the ultimate bottom will be, but I do believe fairly strongly that the 2025 high is going to be significantly higher than the 2022 low. A guessing man might say as much as 20x higher.
I would like to know what someone is counting on when they think about a x20 price increase after the next halving, especially if we take into account that the last halving did not even increase the price by x3? If we assume that the average price during this bear market will be around $20k and that it will be the starting price for a future bull run, I would not say that anything above x10 is realistic to expect, although I would never claim that it is impossible.
If history repeats itself, then anyone who invests today, even in the worst-case scenario, should profit at least x5, and that is a more than excellent opportunity for 2-3 years of investment.
September 24, 2022, 03:46:39 AM
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.
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.
i'm not buying right now, but i also bought a lot of bitcoin when it hit $18k in june, i have to say think it was close to bottoming out and i bought a lot at the time. but looking at the current market, bitcoin price is not going to recover anytime soon and we will most likely have new lows during this bear season
i will continue to buy bitcoin if its price drops below what i bought it before, at the current price drop i am still not interested in it
September 24, 2022, 12:55:30 AM
Hard to really know where the bottom is, btc has been on an up and down movement these past days which makes it difficult to determine if we are really close or at the bottom or if there is the possibility it will go even lower.
I have read several other info claiming 2023 will be more crucial for btc as a result of high interest rate, if that will happen then i doubt we are close or have seen the bottom yet.
I think many people are just waiting on the sideline hoping to see it go even lower as many have predicted it will be.
I have read several other info claiming 2023 will be more crucial for btc as a result of high interest rate, if that will happen then i doubt we are close or have seen the bottom yet.
I think many people are just waiting on the sideline hoping to see it go even lower as many have predicted it will be.
September 23, 2022, 11:15:13 PM
I agree with most people here that buying right now couldn't hurt, I mean sure you could still go little lower, thats not impossible but I honestly feel like how low could it get anyway? So its always a good idea to buy some more, and right now its not DCA time, like if you have any money, buy with all of it right now if its not going to bother you because it may end up going up from here so its smarter to just end up with a good return if you buy with it right now. Plus dollar is getting less and less valuable each day, it doesn't make sense to keep it there, no reverse on that, bitcoin could at least go up.
September 23, 2022, 11:12:24 PM
I regularly buy in so that my wallet increases, but with the dips recently I have been buying in more sometimes. It's pretty irregular though, but it's not to the point where I'd call it buying it all in. I'd highly avoid doing that even if you consider at one point that it's the bottom, proper risk management should always be done imo.
On the topic of dip, if it goes down below $18 again I might just buy more. Every dip right now seems like an opportunity after all.
On the topic of dip, if it goes down below $18 again I might just buy more. Every dip right now seems like an opportunity after all.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 23, 2022, 11:00:00 PM
I bought it when it hit $18k yesterday and am still keeping it to this day because I think it will go up to another $20k. I think some people will buy at various prices, especially when the price drops drastically and these are the people have been serious about investing in bitcoin for a long time. We have to pay attention to how much money we want to use to invest in bitcoin and we should be able to buy at a low price. As long as your goal of investing in bitcoin is for the long term, you don't need to panic about the rise and fall of bitcoin prices because, in the future, bitcoin prices will rise high.
That’s why it’s good to monitor or keep record of all the buy and sell we do during this bear market. I make sure to buy some BTC as much as possible until the price rise again. I record the price I bought some of BTC for future reference. We know the price might take long to rise again but atleast I’ll be able to know if I’m fine to sell that BTC in a certain amount. September 23, 2022, 10:13:51 PM
There really isn’t that many people that are entering crypto right now. Most are leaving. There is no new money coming in. Same with stocks. Why risk your money when you can get almost 5% risk free with bonds.
People are just pumping alts like Luna, XRP and Doge and then dumping them quickly before they start to lose money. Going to be a tough winter until macro conditions improve.
People are just pumping alts like Luna, XRP and Doge and then dumping them quickly before they start to lose money. Going to be a tough winter until macro conditions improve.
September 23, 2022, 09:11:50 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.
I have no doubts that the whales are buying a lot of bitcoin right now because the price is simply too cheap to ignore, and in my particular case I am buying the bitcoin that I can, but it is not like I can afford to buy huge amounts of bitcoin at the moment.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.
So even if it is not really my intention the amount of bitcoin that I am buying has the effect of creating some sort of dollar cost averaging strategy, however I can do this not only because I think the price is very low already but also because even if the price were to crash once again I will not sell my coins no matter what, so I can buy the bitcoin that I can with impunity.
September 23, 2022, 06:49:24 PM
I'm buying weekly at the moment. Under $20K to me seems like an opportunity. I'm even considering buying back in with the BTC I sold at much higher levels. I don't want to because that's not what I cashed it out for, but if we take another leg down into the $13K range, it will be difficult for me to hold onto my cash.
I don't know what the ultimate bottom will be, but I do believe fairly strongly that the 2025 high is going to be significantly higher than the 2022 low. A guessing man might say as much as 20x higher.
Anything below $20.000 sounds like an opportunity, considering that its ATH was over $69.000. However, to answer OP's question, judging by the increasing inflation and the upcoming recession we're yet to fully experience, I would expect Bitcoin to crash even further in the upcoming months. If you intend to hold for the long term, it's simply a matter of increasing your yield in a few years. I expect the situation to improve after 2024, which is depressing when you think about it. It sounds so far from now, and no one knows what will have happened by then. All assets are going to face major losses due to the recession. Even the S&P 500 index has been severely affected.I don't know what the ultimate bottom will be, but I do believe fairly strongly that the 2025 high is going to be significantly higher than the 2022 low. A guessing man might say as much as 20x higher.
Until then, accumulating Bitcoin sounds like the wisest option.
September 23, 2022, 05:51:03 PM
Yes, only smart people that currently keep buying Bitcoin right now because it's still get a discount. Stupid people will scared and keep asking when Bitcoin will reach the bottom, just like you created this thread.
We're currently suffering from high inflation, the value of our fiat will continue to decrease. If anyone have idle money to invest, why they're not convert their fiat to Bitcoin? also to reduce the risk, they can do averaging down until Bitcoin hit the bottom.
We're currently suffering from high inflation, the value of our fiat will continue to decrease. If anyone have idle money to invest, why they're not convert their fiat to Bitcoin? also to reduce the risk, they can do averaging down until Bitcoin hit the bottom.
If we study Bitcoin well and understand how Bitcoin works, there is definitely no delay in buying Bitcoin. Because thinking too much about when
the price of Bitcoin is lowest, in the end it will only prevent us from buying Bitcoin. However, no one can know what the lowest Bitcoin price will be
this year, so stop thinking about the lowest Bitcoin price. Like you said inflation is getting higher, so a profitable decision if we convert our fiat
into Bitcoin. Instead, I invest in bank products, which only pay a small interest, and the fiat value continues to decline due to inflation. Investing in
Bitcoin is something we must do as soon as possible and don't delay, the more we delay buying Bitcoin we will regret it the more we missed buying
Bitcoin at a low price.
September 23, 2022, 04:58:13 PM
I bought last week when it was $19k thinking that it can't get lower than that. Totally forgot about bitcoin prices and just recently checked and I'm tempted to make another purchase. At this point, the price is very appealing and I'm considering to go crazy and do a large purchase as the bears have been testing to break $19k and $18k but with no luck. Besides. most of what I'll be buying would be kept in a cold storage anyway so I wouldn't mind if it goes lower than my entry price. I wouldn't sell at a loss and I'd rather play the waiting game than to stress myself on the price.
Jump to: