Is buying BTC now, the best option ??? - page 3.

Davian144

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Quote from: 19Nov16 on June 13, 2023, 04:16:31 AM

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

The prediction of who you say this is? I'm not even really thinking about halving for 2024 because right now the problems that exist with exchanges like Binance are the reason that the price of Bitcoin isn't going to increase sharply in the near future. Especially if you say next week the price of Bitcoin will be $30K which is still not very certain if there are still problems in the big exchanges and some smart people and those who often predict the market must have read about this news in the past few days, but I also don't know if you have read any news in recent days related to Binance.

Quote from: lunnatic on June 13, 2023, 11:34:41 AM

In my opinion, don't be too hasty to buy Bitcoin now, because the bearish is still strong and a dump can also happen again,
indeed you suggested buy on $ 25.7 but for me the price still has the potential to fall again below $ 25k,
so it's better to just accumulate it at the $ 20 level k to $28k.

The impression is indeed too hasty and even the certainty is also very small, because considering the problems that exist with Binance have not been resolved until now so the fear and panic on the part of traders is still very large. Actually I also hope that a price increase will occur soon for Bitcoin, but we also have to look at the conditions and problems that are happening in the crypto space so that everyone can take a more reasonable and optimistic attitude towards the future price.

Vinaa77

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Quote from: Bitcoin2009 on June 10, 2023, 09:14:23 AM

Today bitcoin drop more than 3% and many people believe if the market will continue to drop, it's better to wait another 2 or 3 days, i believe the price will still drop below $24k and then that's a good time to buy, of course we don't panic if you have bought it because we can get a big profit opportunity if we hold it long term.

If targeting the same number for the long term there is actually no problem buying now when the descent rate is still a low percentage, and if you want to accumulate more we justify waiting for the price to be lower than the current price, but your prediction will be correct Bitcoin will continue to fall again.

fzkto

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Quote from: 19Nov16 on June 13, 2023, 04:16:31 AM

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

Before the halving, the price could drop to the previous bottom. It's still almost a year away and anything can happen during that time. 30k is the resistance that bitcoin failed to break, after which the correction started. So for more than half a year anyone had an opportunity to buy below 30k as you said. There's a lot of uncertainty in the market right now because of America. If it wasn't for that, your words would probably be true.

imamusma

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Quote from: lunnatic on June 13, 2023, 11:34:41 AM

Quote from: 19Nov16 on June 13, 2023, 04:16:31 AM

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In my opinion, don't be too hasty to buy Bitcoin now, because the bearish is still strong and a dump can also happen again,
indeed you suggested buy on $ 25.7 but for me the price still has the potential to fall again below $ 25k,
so it's better to just accumulate it at the $ 20 level k to $28k.

It all really depends on how strong your investment budget is. If you have an investment budget of tens of thousands of dollars, then of course you can wait for a further dip in your accumulation plan, but you can also do DCA. But if you only have $100 as an investment budget, then what's the point of waiting?

Buying now at $25.8k for $100 might make more sense if you manage well. You can still buy it at lower price in the future if you have the budget, but only if the bitcoin price can drop lower. In fact in the last few days buying at $25.8k can also be profitable for traders, but of course only if you have a big budget.

dragonvslinux

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Quote from: Pierre 2 on June 13, 2023, 06:30:35 AM

I think any level around and even below 25000 dollars for bitcoin is cheap as dirt. I think bitcoin will be at least more than 50000, even 80-90000 next year so these levels are really cheap.

At current price around $25.9K, it is exactly a 4-year average price, so for sure it can be considered dirt cheap - even if price did previously go lower and could do so again.

Ignoring any shorter-term bearish outlook for Bitcoin, such as re-testing $23K accumulation zone or even $20K again, the fact that price is at or below a 4-year average makes it a good/fair price regardless imo. For anyone who wished they had dollar cost averaged for the past 4 years into the Bitcoin, there is the clear opportunity to "catch up" and do so in one go. Likewise for anyone who wished they had done DCA for 5 years since 2018 when price was around $6K, which a lot of people wished they had, then that price is currently at $21.8K and the opportunity for such an average price may not be available again.

I also think many have sensibly been doing DCA for a while now anyway with price range-bound for over a year now, so there is less need for lump sum investing, unless price goes up/down significantly again.

lunnatic

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Quote from: 19Nov16 on June 13, 2023, 04:16:31 AM

The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

In my opinion, don't be too hasty to buy Bitcoin now, because the bearish is still strong and a dump can also happen again,
indeed you suggested buy on $ 25.7 but for me the price still has the potential to fall again below $ 25k,
so it's better to just accumulate it at the $ 20 level k to $28k.

Pierre 2

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I think any level around and even below 25000 dollars for bitcoin is cheap as dirt. I think bitcoin will be at least more than 50000, even 80-90000 next year so these levels are really cheap. I keep accumulating some amount of bitcoin every month with my wage. But I don't do high amount of buy orders yet. I feel like summer is not exactly best time to buy bitcoin. My experiences clearly show me that autumn time can be very very good. I am expecting small rally there in next autumn so we can hit like %20 rather easily. So its good time to save money now, wait for good discounts on bitcoin and sell around autumn peak level.

19Nov16

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The current price is around $26k and as I suggested yesterday when the price touched $25700 to buy immediately, but now is also a good time to buy before next week reaches $30k, many predict if the market will rise soon so by buying when the price is below $30k is the best decision before the market rises due to the halving day in early 2024.

Bitcoin2009

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Today bitcoin drop more than 3% and many people believe if the market will continue to drop, it's better to wait another 2 or 3 days, i believe the price will still drop below $24k and then that's a good time to buy, of course we don't panic if you have bought it because we can get a big profit opportunity if we hold it long term.

ajiz138

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Quote from: monineklutak on June 09, 2023, 01:41:17 PM

No it's not the time now, because today there was a lot of short selling,
and some experts gave their ideas on social media that on average they predict that Bitcoin will drop to $20k to support,
if it hold on $20k area a few days then the bulls will return, and if not then bears will rule the market much longer.

Today a lot of short sales? How do you know that? Does that lead to SEC threats?
Even though I often open social media but I don't see any idea where to estimate bitcoin will fall to $20K, so who is an expert, is he someone who is famous in influencing bitcoin?
This is buying bitcoin whenever it's good especially if you buy with the DCA method, if you wait $20K do you know it will happen? I think it's still unpredictable and don't look at uncertain prices, if you are sure about Bitcoin then now is the time to buy.

ShowOff

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Quote from: monineklutak on June 09, 2023, 01:41:17 PM

No it's not the time now, because today there was a lot of short selling,
and some experts gave their ideas on social media that on average they predict that Bitcoin will drop to $20k to support,
if it hold on $20k area a few days then the bulls will return, and if not then bears will rule the market much longer.

Who's the expert? I think you need to have enough faith in yourself and analyze your bitcoin price for the rest of 2023. You need to be good enough to do both technical and fundamental analysis for your investment plan to really sound. I don't believe in some assumptions that price will again test $20k as support for the rest of 2023, but perhaps a correction to $23k is still possible after the existing FUD.

Buying bitcoin now is in fact much better if you know that the price is still -61% from ATH 2021. Don't worry about that because you can still do DCA, but you are free to wait for the best time and price for your investment plan.

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Quote from: Kadal Ijo on June 09, 2023, 09:46:11 AM

If not now then when? many people keep asking when is the best time to buy, like we know that investing in bitcoin is a high risk so we have to be selective and consider the risk, but if we want profit then sell when it's rising and rising soon so now is the best time to buy.

The best time to buy or sell Bitcoin can involve a number of important things such as risk tolerance and market analysis,
we can't go around buying Bitcoin when it's bearish because during the bearish dump season it can happen when you buy,
if you want to take risks then indeed the price of Bitcoin in this bearish season is already very cheap and you can buy it.

siniminomorocomunisakito

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After the SEC caused a price decline on June 6th, Bitcoin experienced a swift recovery and attempted to test the higher range but was unable to surpass the resistance level. At present, the BTC price is trading above the Previous Weekly Low. As long as it stays above this range, the next anticipated target is around $27,000. However, if the price closes below $26,269 on the H4 timeframe, it could potentially pave the way for a decline to $26,783.

monineklutak

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No it's not the time now, because today there was a lot of short selling,
and some experts gave their ideas on social media that on average they predict that Bitcoin will drop to $20k to support,
if it hold on $20k area a few days then the bulls will return, and if not then bears will rule the market much longer.

wahyuagung26

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Quote from: YUriy1991 on May 28, 2023, 10:57:36 AM

It seems Yes and at the moment while BTC is still the best in my opinion and More and more individuals are entering the market during the next bull run. But I'm also a little confused about the habits of buyers, do we always have to get used to buying BTC at high prices, while the market is in a state of giving buyers more opportunities. oh. I also want to say New CME gap will be formed at ~26750$.

During this year Bitcoin was able to penetrate in the range of $ 30k and now it is correcting and falling below it, and until now it is still below, and to be honest actually buying Bitcoin can be done at any time considering that prices will continue to fluctuate making Bitcoin always change in value, and maybe taking advantage of the current situation which is still under $30k is the right choice to enter the market.

Keep doing DCA for the time being, and it looks like the halving is not far away, we think this will make the price move higher, some Investors have started buying during the correction yesterday, and now we are following them to do DCA in the market, considering This is one of the great opportunities for the long term that will be pursued.

wmaurik

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Quote from: Kadal Ijo on June 09, 2023, 09:46:11 AM

If not now then when? many people keep asking when is the best time to buy, like we know that investing in bitcoin is a high risk so we have to be selective and consider the risk, but if we want profit then sell when it's rising and rising soon so now is the best time to buy.

Are you asking or are giving answers to this? Because if there are many people who ask you about when is the right time to buy Bitcoin, maybe those who ask are people who have never bought Bitcoin or people who have not known Bitcoin much longer. But for those who have bought Bitcoin very often, of course they will wait for a price drop to buy it again without having to ask many people. Because they also already know how the risks are and also feel how the benefits are.

Kadal Ijo

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If not now then when? many people keep asking when is the best time to buy, like we know that investing in bitcoin is a high risk so we have to be selective and consider the risk, but if we want profit then sell when it's rising and rising soon so now is the best time to buy.

Joshapat

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Quote from: YUriy1991 on May 28, 2023, 10:57:36 AM

It seems Yes and at the moment while BTC is still the best in my opinion and More and more individuals are entering the market during the next bull run. But I'm also a little confused about the habits of buyers, do we always have to get used to buying BTC at high prices, while the market is in a state of giving buyers more opportunities. oh. I also want to say New CME gap will be formed at ~26750$.

The current price is around $ 26K and in my opinion is the right time to buy, most people sell when they see prices fall because they are worried that the price will continue to fall, and when prices rise they are eager to buy because they think prices will continue to rise, this is a frequent mistake And in my opinion the best thing right now is to continue buying.

STT

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Go on time more then price if anything. The price can vary within a range (box) of prices for various almost random reasons positive and negative and we bounce around in that box for a certain amount of time like popcorn cooking. Until we gain the energy to leave the box its not actually so interesting and its more related to time then price or even the news events.
How long we been cooking, are we ready to serve or enter the final stage before its good to eat Tongue

I think the finest meals arent rushed, buy a little over time regularly is the best advice & nothing wrong with buying today imo.

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Quote from: Bitcoin2009 on June 03, 2023, 11:09:15 AM

The current price is about 40% of the ATH that has ever happened, of course today is a good opportunity to buy, many people always calculate the current price with ATH, and in my opinion if we buy immediately then we can get a profit opportunity especially in 2024 it will happen halving day.

I haven't noticed looking at the price as a ratio to the ATH is very popular. What would be the logic for using such metric? At what percent is a good time to buy and why?
Is this assuming that each cycle will have the same or similar levels of ups and downs? There's some logic in that, but this approach seems to be ignoring any outside factors and the simple fact that, as its market cap increases, BTC will not be able to grow by the same % as in the past.

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