Is this the right time to reinvest into Bitcoin?

Quidat

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Quote from: Silberman on January 14, 2021, 01:29:30 PM

Quote from: culuuton on January 11, 2021, 01:34:17 AM

Quote from: Smitty Werben Man Jensen on January 10, 2021, 06:55:20 PM

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.

And now bitcoin has corrected in the opposite direction and it is once again close to the 40k level, so it seems the 40k level is where things are going to be settled between the bears and the bulls, the bulls are still strong and are trying to break that level for good and go for even more important levels like 50k, but the bears are finally finding a good spot to give battle since neither the 20k level or the 30k level were enough to slowdown bitcoin at all.

When to know about bearish run? We cant know such thing until we do experience it on spot.For now we arent seeing too much of those signs that indicating some bear market.
40k indeed is somewhat a strong resistance to break because this will decide if we would push up through 50k or 60k for this year but well its just too early to tell.
Reinvesting when the price had corrected and then sell off when it reach some point which would really be good thing for you to take advantage out of these movements.
Right time might be indicating neither you do go for long term or short term aspects and as well you do accept out the risk.

Silberman

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Quote from: culuuton on January 11, 2021, 01:34:17 AM

Quote from: Smitty Werben Man Jensen on January 10, 2021, 06:55:20 PM

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.

And now bitcoin has corrected in the opposite direction and it is once again close to the 40k level, so it seems the 40k level is where things are going to be settled between the bears and the bulls, the bulls are still strong and are trying to break that level for good and go for even more important levels like 50k, but the bears are finally finding a good spot to give battle since neither the 20k level or the 30k level were enough to slowdown bitcoin at all.

sana54210

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Quote from: culuuton on January 11, 2021, 01:34:17 AM

Quote from: Smitty Werben Man Jensen on January 10, 2021, 06:55:20 PM

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.

People actually did listen to you, well not you directly Cheesy

but the idea you are suggestion. Because we went under 33k at our lowest today, but people ended up buying right away, why? Because we have seen the price go down a lot many times, and in return we have ended up with going back up each time, which is why people think that buying bitcoin right now is a great decision, since they know that it always goes down time to time but it always goes back up.

This is why for the past 3-4 big falls, we have ended up with going even further higher, not because there is anything serious going on about bitcoin in the news, but because people think bull run is not over and each time it falls people think "it is cheaper to buy now" and they end up increasing the price further. I personally know 3 people myself who got in heavy around 33.8 to 34.5k prices for example, because they all believed it would be 40k again very soon.

Vaskiy

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People who have sold at the price above $40000 will surely make a buyback. We don't know how to make the decision, because the market is moving without any form of intimation. Today morning I thought of selling it at $35000, but missed it. Now I've sold it for $30000, and I don't know what will be the next move of bitcoin.

KTChampions

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Quote from: STT on January 11, 2021, 12:24:26 AM

Just looking at chart and recent low, it matches previous highs and could be reasonable to speculate on. I did think it could reach 27k which was the low at the year start but that would be quite significant to do so and take longer to rebuild momentum. A sell to this point is a higher low compared to a week ago and still fairly bullish.

https://i.imgur.com/pwItylY.png

Let 4hr bars be your staff and shield in this fight, weekly average is about 36341 so perhaps a good tide mark as to wider currents on this. I could be wrong to assume this vast momentum is comparable but Ive consistently looked to a 50ma on 4hr bars to give good guidance as to positive or negative sentiment and resolution, so I'm watching there. 4th Jan we challenged but closed above which was the initial response on this current day.

The level of 27 thousand is very unlikely - I read what traders write and most of them already dream of a level of 30k in order to significantly increase their position. Given the fact that the dreams of the crowd rarely come true, I would rather believe that the current bottom is 32 thousand and in the worst case, we will hang around this level.

culuuton

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Quote from: Smitty Werben Man Jensen on January 10, 2021, 06:55:20 PM

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.

STT

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Just looking at chart and recent low, it matches previous highs and could be reasonable to speculate on. I did think it could reach 27k which was the low at the year start but that would be quite significant to do so and take longer to rebuild momentum. A sell to this point is a higher low compared to a week ago and still fairly bullish.

Let 4hr bars be your staff and shield in this fight, weekly average is about 36341 so perhaps a good tide mark as to wider currents on this. I could be wrong to assume this vast momentum is comparable but Ive consistently looked to a 50ma on 4hr bars to give good guidance as to positive or negative sentiment and resolution, so I'm watching there. 4th Jan we challenged but closed above which was the initial response on this current day.

Smitty Werben Man Jensen

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Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish

Silberman

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Quote from: Wysi on January 07, 2021, 01:11:10 PM

I know it's not only mine but story of most of us who didn't invest into bitcoin once it crossed $20k mark assuming it would go through correction phase but it has gained almost 100% more since that time and I am not sure if it's worth risking to invest into bitcoin when it's nearing $40k?

Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".

Quite honestly you are in a bad position, if you did not invested in bitcoin at the 20k level expecting for a correction in the price now that the price is twice than that then the chances of a correction have done nothing but to go up, so the most important thing is what it is your strategy telling you? If it is telling you to buy then do so but if it is telling you to wait then you need to do that as well as you do not want to invest out of FOMO and get trapped like the people that bought at 20k in 2017.

KTChampions

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It only depends on the investment term you are considering. If 5 years old, then there is no difference and you can buy at any price. If a year or two, then it is best to wait for a dump that is most likely close (but you can lose if it happens after the next and "sudden" x2 from bitcoin Grin

).

LUCKMCFLY

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To buy you only need the money and the desire, you have to see it as an investment, it is obvious that now bitcoin is worth much more for the institutional investment, however the price will be much higher, my advice is if you can buy, do it, no No matter if the price falls, you can wait as long as it takes because I am sure that Bitcoin will go above $ 50k.

Natsuu

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Quote from: jostorres on January 10, 2021, 09:58:23 AM

Quote from: CryptopreneurBrainboss on January 09, 2021, 01:33:02 AM

You can't prevent us from saying that because technically, 'there's no bad or good time to invest in bitcoin'. All that matters is your strategy, what are you intentions of this investment. Are you planning on trading or Holding onto your coins for longer term. Having a clear objective will increase your chances of making a favorable decision. The market is looking too fragile of recent, the volatility of bitcoin has increased so has its dominance in the market.

This development only means the chances of it falling is certain, if your intentions are to hold bitcoin for a longer period of time then you can't just jump right into securing your spots at the moment. Be patient with the market as opportunity will present itself that will give good position to enter and hold through all it's down side.

As for the trading, you can do that with the price different that occurs regularly. Traders don't have an idea moment to enter the market, they can profit from all the movement the market makes irrespective of the direction.

You are 100% right, it is obvious that there is no good or bad moment to invest into bitcoin and that has to be the right answer, generic answers are generic for a reason, all the cliche things life are cliche for a reason.

Plus it changes from person to person as well, amount to amount, period to period as well. I would say big corporations going into crypto right now when the price reached 40k, is not a bad idea, because they have soooooo much money and they can just hold it, even if it somehow falls, they could buy even more and more to make their average lower, they have nothing to worry about.

But a very poor person end up paying for bitcoin with debt? That is a huge no no and nobody should do it. At the end of the day as you can see it changes from situation to situation and that is why we have to say "there is no good or bad time to buy bitcoin".

I think what the OP's trying to say is that, he is looking for indicators and such valid points for him to condition himself to reinvest in bitcoin. Like graph comparison from 2017 to the current, or investments from bigger companies, or explanation on why expecting bitcoin to continue to rise in the trend. That is why the OP specified it implicitly.

Just like what I've seen in this thread, there are different views regarding the situation of the price of bitcoin. Some are saying that there is a less chance for it to increase, while others saying that there is long way to go before it collapses. Ergo there is a good and bad time to buy, but the thing is, we can't seem to see when will it happen. We can just envision and predict everything, so most probably the decision will still be in your hands' wether you believe if it is a good or bad time to buy.

jostorres

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Quote from: CryptopreneurBrainboss on January 09, 2021, 01:33:02 AM

You can't prevent us from saying that because technically, 'there's no bad or good time to invest in bitcoin'. All that matters is your strategy, what are you intentions of this investment. Are you planning on trading or Holding onto your coins for longer term. Having a clear objective will increase your chances of making a favorable decision. The market is looking too fragile of recent, the volatility of bitcoin has increased so has its dominance in the market.

This development only means the chances of it falling is certain, if your intentions are to hold bitcoin for a longer period of time then you can't just jump right into securing your spots at the moment. Be patient with the market as opportunity will present itself that will give good position to enter and hold through all it's down side.

As for the trading, you can do that with the price different that occurs regularly. Traders don't have an idea moment to enter the market, they can profit from all the movement the market makes irrespective of the direction.

You are 100% right, it is obvious that there is no good or bad moment to invest into bitcoin and that has to be the right answer, generic answers are generic for a reason, all the cliche things life are cliche for a reason.

Plus it changes from person to person as well, amount to amount, period to period as well. I would say big corporations going into crypto right now when the price reached 40k, is not a bad idea, because they have soooooo much money and they can just hold it, even if it somehow falls, they could buy even more and more to make their average lower, they have nothing to worry about.

But a very poor person end up paying for bitcoin with debt? That is a huge no no and nobody should do it. At the end of the day as you can see it changes from situation to situation and that is why we have to say "there is no good or bad time to buy bitcoin".

JimboToronto

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Quote from: Wysi on January 07, 2021, 01:11:10 PM

I know it's not only mine but story of most of us who didn't invest into bitcoin once it crossed $20k mark assuming it would go through correction phase but it has gained almost 100% more since that time and I am not sure if it's worth risking to invest into bitcoin when it's nearing $40k?

Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".

I'm not saying, "there is no good or bad time to invest into bitcoin".

I'm saying, "there is no bad time to invest into bitcoin"

As soon as a check clears, I'll be buying more.

Reosta_

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I think it is not a very good time to invest in Bitcoin now. The price seems like it is fixed at 40k dollars. We don't know what is going to happen from now on. It can decrease substantially to a price that is at least half of it too. It feels like waiting is better option for now.

lalabotax

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I didn't hear any bad issues related to Bitcoin so far. Instead, most people believe in more improvement of Bitcoin and crypto market. On the other hand, many newcomers try their luck in crypto and more parties to support Bitcoin. Well, these are positive indicators for the continuation of a bullish trend in Bitcoin. So why we are afraid to reinvest in Bitcoin? Simply just do it in a smart way.

dhavalnc

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Quote from: Wysi on January 07, 2021, 01:11:10 PM

I know it's not only mine but story of most of us who didn't invest into bitcoin once it crossed $20k mark assuming it would go through correction phase but it has gained almost 100% more since that time and I am not sure if it's worth risking to invest into bitcoin when it's nearing $40k?

Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".

BTC is already on top now. Now the chances are very less to go higher. This is not the right time. I would suggest to wait for a few months. No matter if you missed this opportunity but it always comes back after few months or years.

Question123

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That is the people think about when the bitcoin reach the 20k dollars but pris continue increasing and the price of the year 2017 already double and if you reinvest to the bitcoin it is a good idea and shorterm is the best now to this coin. The right time is depends on the people on how they look in the situation if it's good to invest now or wait for the dump.

Kong Hey Pakboy

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To be honest, there is no specific time for a person to buy or invest his money in bitcoin, but everything is about timing that is sometimes a risk when you buy in crypto at a very high price, just like today. It is why I couldn't purchase bitcoin again because I am afraid of taking a risk that I don't want to happen, the same thing I experience way back in 2017 when I buy bitcoin near its ATH price.

Armando

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Quote from: Wysi on January 07, 2021, 01:11:10 PM

I know it's not only mine but story of most of us who didn't invest into bitcoin once it crossed $20k mark assuming it would go through correction phase but it has gained almost 100% more since that time and I am not sure if it's worth risking to invest into bitcoin when it's nearing $40k?

Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".

Check the 2017 chart and compare it to the current one. IMO we are far from the real ATH for this round

2017 the price went almost X10 and we aren't there yet

Topic: Is this the right time to reinvest into Bitcoin? (Read 693 times)