Topic: Maybe I should wait before owning my bitcoin - page 5. (Read 737 times)
I'll give this suggestion based on my personal experience. In reality most of those advises are not that accurate, and that is only based on someone's opinion. If you are not in a rush you should try to buy some while you still can coz there is no exact moment or right timing as to when is the perfect opportunity to buy Bitcoin. Again, this is not a financial advice, and you should still risk the amount you are willing to let go. I understand that you have a lot to think of but sometimes there are things that you should only take at face value although you have to keep those words in mind but pay no heed. In the end it is all up to you. Have a great day again ahead.
the right time to buy btc is hard to get actually, it is confidence in making decisions that needs to be prepared, time goes so fast that a little delay will be missed,
here is your goal to buy btc to invest or day trade?
here is your goal to buy btc to invest or day trade?
The last few days Bitcoin has seen a correction in value from $30k to its current value of around $27k, the recent correction marking one of the most intense periods of liquidation of long positions since the start of the year. Even though Bitcoin has fallen from its expected price in April, there is still a possibility of a return to the surge phase in the near term as Bitcoin continues to face pressure from macroeconomic developments and regulatory uncertainty.
My belief in Bitcoin is very strong, this fall is not going to damage the long term bull market thesis. What Bitcoin has just experienced will bring more buying power than before and it will be very good for long term bulls to re-enter the market.
My belief in Bitcoin is very strong, this fall is not going to damage the long term bull market thesis. What Bitcoin has just experienced will bring more buying power than before and it will be very good for long term bulls to re-enter the market.
You seemingly willing to be Holder? then best not just using electrum instead Buy a ledger or trezor wallet mate for more safer and valuable Holding.
remember that not our Key is not our wallet ,since Electrum is one best wallet yet assuring for being safe is not that really trusted for Electrum.
Dude?remember that not our Key is not our wallet ,since Electrum is one best wallet yet assuring for being safe is not that really trusted for Electrum.
Electrum is a non custodial wallet and they will give the key to make sure you're only the one who can access your wallet, except you're show other people know your key. You can run Electrum in offline to make sure your wallet will not compromised from online attacks.
Remember Ledger and Trezor are created by a centralized company which mean you need to trust them about the trustworthiness of their created wallet.
Wallet which not give you the key are Binance, Coinbase, Kucoin etc aka custodial wallet/centralized exchange.
Yes, just exercise patience for the price to decrease back to $17,000 before you can use your salary to purchase Bitcoin so that you will be in a good position to win something huge from your holding in the future. I believe, this is the season to save money and wait for the price to decrease before they can buy since the price is still moving between $27,643 and $28,212, showed that holding is the only solution for long term investors to get it right when the price hit $60,000 before the end of next month. Based on what is happening in the crypto market now, don't buy Bitcoin now because the opportunity for you to buy and hold is very near.
My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.
You seemingly willing to be Holder? then best not just using electrum instead Buy a ledger or trezor wallet mate for more safer and valuable Holding.remember that not our Key is not our wallet ,since Electrum is one best wallet yet assuring for being safe is not that really trusted for Electrum.
The decision is yours and you can wait or invest relying on these charts but if you have set limits that when prices will reach that level you will invest so wait till that time but there's no guarantee it will be at that price range because these charts gives different results each day.For those who understands the importance and future growth don't wait for right time but have mindset that whenever they have invested it's the right time keeping in mind long term holding.If you invest at $28k and after few years the price is at $70k imagine then would you think about anything else? So instead of waiting for right time which might not come ever be wise with your investment decisions.
My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.
On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
In my opinion you are not ready to become a trader, you are letting strangers over the internet to determine your financial future, do you think this is the right way to proceed? Because if you think about it you should realize how defective such a strategy really is.On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
I recommend you to take some time to study the markets, if you have some trading experience as you state at most it could take you some months before you gain the necessary skills to finally be ready take financial decisions on your own, and stop your dependency on tradingview and other similar websites.
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My desperation after becoming plus one here to own my bitcoin has grew in a week. <...>
You are doing it wrong. Buying bitcoin should be a reasoned, calm, long-term decision in most cases, and not be influenced by short-term volatility swings.
This is not your case, but someone who buys bitcoin with this mentality does not care if he buys and the price goes down, because he has assumed the volatility and thinks about what will happen in 10 years' time, not what will happen to the price in the next 10 hours.
In response to the title of your thread, I would say that you should not share bitcoin, at least until you become more informed and change your mindset. You have all the chances to buy with money that you may need in the short term, which you should not do, and sell at a loss as soon as it drops a little, which is typical of inexperienced retail investors who get carried away by emotions.
Seeing as your going to buy Bitcoin off of your salary, why not just DCA? I'd say that's the best option for most people who have a monthly income, especially if you're a beginner yourself.
Also considering that Bitcoin is going down, isn't it more the reason to actually buy instead of waiting? It's ultimately better than buying it when the price is high. If it goes down more, then just hold and wait. You're looking at the long term for the most part anyway.
Also considering that Bitcoin is going down, isn't it more the reason to actually buy instead of waiting? It's ultimately better than buying it when the price is high. If it goes down more, then just hold and wait. You're looking at the long term for the most part anyway.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
This is a greed and fear index. Do you know the secret about this index? I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
When Bitcoin price increase, the greed or buy vote will increase.
When Bitcoin price decrease, the fear or sell vote will increase.
When Bitcoin price is quite stable and no big movement, the neutral vote will increase.
If you want to buy and sell Bitcoin based on this index, 100% you will lose because you're buy Bitcoin when Bitcoin price is increase (high) and you will sell your Bitcoin when Bitcoin price is decrease (low).
On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
Dude, what are your plan and strategy? are you want to do daily trading or for long investment?, If the last sentence you choose then you don't need to look at any chart like trading view or others, It's look query because you still need another opinion for your life. If you try to own bitcoin, you don't have to worry about charts and prices today. Just try to change your mind if 1 btc = 1 btc then you are safe and didn't have doubt like today.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
I might be wrong here but is this kind of guide can be easily manipulated? I mean you can just stick to study the chart, price movements, and things like that, but this kind of signal only shows that you're also depending on other people's decision. What if the Bitcoin drops a certain percentage and the vote says "hold, don't buy yet" and then Bitcoin just bounced 100% back and left that figure and never returned. That's a big missed opportunity right?
IMO, following this votes is not like what you've said "Money invested need to be carefully planned." because basically, it was never YOU who planned when to put your money and when to sell. Carefully planned investments always starts and ends with you making all the decisions after going through a thorough research and due diligence.
My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.
On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
You should definitely NOT be waiting to buy Bitcoin. Bitcoin is much more likely to be much higher than it is today in a few weeks and in a few months than it is to be lower or even anywhere near the current price. Now is an amazing time to buy Bitcoin. It even just corrected a bit this week so the price is extra low. If you are trying to get the lowest possible price you will almost certainly be buying higher than the current price. You should be DCA'ing into Bitcoin, not hoping to get lucky and pick out the lowest price. The price is very low right now and you should definitely start buying today. Maybe you get lucky and you are able to buy lower, but if you wait you will almost certainly be buying higher.
Furthermore you should definitely not be relying on some vote on some website as having any validity for what the market will do.
Start buying today (you may never get a better price) and buy regularly. Buy a little bit once a week or whatever you want to do. But start now, the price is low and it won't be long until people were wishing they were buying in now.
Only time can tell whether your decision is right or wrong. While I thought of advising you to DCA, since I am not sure of the amount that you want to invest, it might indeed be right to just wait for the right timing and make the most of your money. And that right timing is up to you.
I'm curious, do you have a specific price target for your buying or do you just rely on this buy and sell index? I don't trust this index of course, but to each his own.
I'm curious, do you have a specific price target for your buying or do you just rely on this buy and sell index? I don't trust this index of course, but to each his own.
But a wallet like electrum is not oriented towards trading activities, so it is still the most recommended choice. Even if your analytical skills are the worst, at least you will hold on longer than most traders regardless of looking at the chart, you still have a chance to beat real traders in terms of investment profits. Bitcoin has the lowest volatile risk, just buy a fraction of your weekly/monthly salary.
When you hold your bitcoins in a non custodial wallet like Electrum wallet, you intentionally or unintentionally reduce your trading intensity. If you want to trade, you have to make an on-chain transaction from Electrum to your exchange account, and wait for 1 to 3 confirmations (depends on each exchange requirement) to start trading.If you store your bitcoins directly on an exchange, you can trade it any time like when you feel panic or being greed.
Trading can not help you rich but holding can help you. In addition, by storing your bitcoins on exchanges, you have more risk.
Reminder: do not keep your money in online accounts
My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.
On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
But a wallet like electrum is not oriented towards trading activities, so it is still the most recommended choice. Even if your analytical skills are the worst, at least you will hold on longer than most traders regardless of looking at the chart, you still have a chance to beat real traders in terms of investment profits. Bitcoin has the lowest volatile risk, just buy a fraction of your weekly/monthly salary. On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.
On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
Try to do more research first and evaluate the fluctuation of the market. If you feel that it is going to go down then follow your instinct. Or you can do a cost averaging investment and i think this would be good way to invest. You are right money investment need to be carefully planned but until when? No one knows if the market will go down drastically or will go higher. If you are aiming for a long term anytime would be the best time to invest.
(.....)
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
What vote do you mean? Do you want other people to decide when you will buy/sell Bitcoin? I don't think that is a good way to own Bitcoin or to do investments.I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.
So there are only 24 people who participated in the voting pool which do you believe? 
(.....)
I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
What vote do you mean? Do you want other people to decide when you will buy/sell Bitcoin? I don't think that is a good way to own Bitcoin or to do investments.I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.
I think what you mean is the Bitcoin fear and greed indicator, just like what is on the image you shared. Which if you are using that as indicator, it's kinda good, just make sure the lower value of that, means a lot of pressure from seller and more or less the price is dumping.
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