Topic: Is anyone buying right now because they think we are at or close to the bottom? - page 6. (Read 1019 times)
September 23, 2022, 01:07:46 AM
If according to analysis and history from the previous year October was a bull market, but it all comes back to yourself because your money is yours, investing in bitcoin should be in the long term
September 22, 2022, 10:57:28 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 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.
In my case, not yet, but I am thinking about it. I do DCA and I think that times like this are good to buy because we should be close to the bottom. The $20k has proven to be a strong support, because when we have gone below that mark we have not been slow to go back up.
Although I would not rule out that as the situation stands, with the Fed's policies that have severely affected the stock market (although bitcoin remains around $20k) and that will cause unemployment and deepen the recession; the price of bitcoin will fall below $17k.
If that happens, I'm going to do some extra buying.
September 22, 2022, 10:21:46 PM
No one can be sure or predict that the decline that occurs is the lowest, it is best to buy every drop that occurs to gradually grow ownership each time there is a decline.
and maybe some people buy at once in large quantities when assessing the right price for him, and whatever the decision and plan as long as buying it at the lowest price below 50% of the highest price and for the long term I think there is no problem and also a good decision.
and maybe some people buy at once in large quantities when assessing the right price for him, and whatever the decision and plan as long as buying it at the lowest price below 50% of the highest price and for the long term I think there is no problem and also a good decision.
September 22, 2022, 10:16:22 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 can say that there are Bitcoin purchases as you mean. If small purchases do not fall into the category you are referring to, do Bitcoin purchases such as those made by MicroStrategy fall into the category of purchases you are referring to? because they just bought 301 Bitcoins in addition as Michael Saylor said.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.
Quote from: Michael Saylor
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22
@MicroStrategy
holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.
https://twitter.com/saylor/status/1572196173334839303
@MicroStrategy
holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.
https://twitter.com/saylor/status/1572196173334839303
September 22, 2022, 10:11:55 PM
After the FOMC I am pretty sure we will go lower. No idea how much but we will retest the yearly low most likely.
This is due to the fact that bond yields have risen alot in the past 2 days and the stock market looks like its about to retest the yearly low also. Since they are closely correlated so will most crypto assets.
It will be like this until the next CPI report most likely. Or maybe if the unemployment numbers are weak.
This is due to the fact that bond yields have risen alot in the past 2 days and the stock market looks like its about to retest the yearly low also. Since they are closely correlated so will most crypto assets.
It will be like this until the next CPI report most likely. Or maybe if the unemployment numbers are weak.
September 22, 2022, 09:42:36 PM
Strategy wise there are likely swing traders betting on a bear trap or a reversal right about now (and both are not that unlikely imo). We could see $21-22k again before going lower, if we go lower.
I did think it was weird how quickly a lot of orders move on crypto exchanges now, especially a few weeks ago when I was looking at them - it seems a lot faster than your standard bear market in my experience. The volume looks pretty optimistic and for the price to have been sustained here for so long like someone said, there's a decent number of buyers optimistic about bitcoin in the short term (we were at a pivotal price point a few days ago and bitcoin seems to have started going higher since - for now).
People who buy are always there in every market condition, including in conditions like today. Because everyone has different thoughts on this matter and obviously not everyone basically has the same thoughts as what you think at the moment about buying cheaply.
I did think it was weird how quickly a lot of orders move on crypto exchanges now, especially a few weeks ago when I was looking at them - it seems a lot faster than your standard bear market in my experience. The volume looks pretty optimistic and for the price to have been sustained here for so long like someone said, there's a decent number of buyers optimistic about bitcoin in the short term (we were at a pivotal price point a few days ago and bitcoin seems to have started going higher since - for now).
September 22, 2022, 09:17:33 PM
There must be someone out there willing to risk thinking this is the bottom of the bear. The price holds for a long time in this range actually so there is a chance that this could be the bottom.
The weekly chart shows it's at the bottom. The alarming part is what is happening to parts of the world like there in Russia, US, EU, and China because anything that will suddenly happens can affect investments.
September 22, 2022, 09:12:17 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?
People who buy are always there in every market condition, including in conditions like today. Because everyone has different thoughts on this matter and obviously not everyone basically has the same thoughts as what you think at the moment about buying cheaply.Quote
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.
And if you're talking about people who put their cash into Bitcoin through any exchange to buy Bitcoin with their means. I think it exists because some people who have known about how Bitcoin has moved in the past will definitely take advantage of the opportunity at this time to buy more Bitcoin before Bitcoin is at a higher price or at a price that they might find difficult to reach with their limited money. September 22, 2022, 06:44:06 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 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.
We have no statistics to refer to that but obviously, there are always buying at any given price. On how strong the buy is, you can check the buy orders at some trading platforms and from there, try to make a conclusion on what's going on.
If you are in that situation where you are still confused about what to do, you need to have the guts to decide to buy at the current price.
It's regrettable to see the price is climbing up again and you will be left with the concern, "if only I buy at the lower price".
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.
To achieve the result of full bull market may take time, you can also hold for long.
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.
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.
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