Need advice regarding buying - page 3.

Kasabus

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Quote from: Yamifoud on November 22, 2021, 05:39:02 PM

Quote from: Raflesia on November 22, 2021, 03:49:21 PM

Quote from: zaesvlas on November 22, 2021, 09:49:43 AM

Now I don't buy anymore. I bought during the recent drop to 35 k, it was still a good chance, as for me.

But for me there is no way bitcoin can go down again to $35k during this decline, I know the correction now is quite deep but it won't be as severe as I imagined, of course the bounce can definitely come back again and we now only see it as a holiday season where many people need a lot of money.

I'm also a little patient to keep watching and analyzing when to buy at the right time during this decline, if it happened at $35k of course I would put my net.

That to believe that Investing Bitcoin or any coins during the bearish season is absolutely a good idea but the market has never seen it back like that again. I mean, we are still in bullish season, we might wait years to see it in bearish for that we take advantage of every price correction than to wait for the huge dump.
Most of our speculation the market went high until the end of this year. if we have the courage or guts to invest at the current price, it's up to you but if you're not, better to keep it and just wait. It is soon to come, just in needs patient but we don't have to expect too much.

The correction still continues and bitcoin even go down lower today. So i think this is another opportunity to buy bitcoin because its current price is already $56,231 and it may even go deeper in the next couple of days. Although we can't say that we are already bearish but considering the lower price of bitcoin today, its definitely a good time buy.

However, for those who have no plans of buying more, just hold your coins patiently. Eventually, the market will recover soon and we will see new ATH again not just for bitcoin, but even for good altcoins.

Yamifoud

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Quote from: Raflesia on November 22, 2021, 03:49:21 PM

Quote from: zaesvlas on November 22, 2021, 09:49:43 AM

Now I don't buy anymore. I bought during the recent drop to 35 k, it was still a good chance, as for me.

But for me there is no way bitcoin can go down again to $35k during this decline, I know the correction now is quite deep but it won't be as severe as I imagined, of course the bounce can definitely come back again and we now only see it as a holiday season where many people need a lot of money.

I'm also a little patient to keep watching and analyzing when to buy at the right time during this decline, if it happened at $35k of course I would put my net.

That to believe that Investing Bitcoin or any coins during the bearish season is absolutely a good idea but the market has never seen it back like that again. I mean, we are still in bullish season, we might wait years to see it in bearish for that we take advantage of every price correction than to wait for the huge dump.
Most of our speculation the market went high until the end of this year. if we have the courage or guts to invest at the current price, it's up to you but if you're not, better to keep it and just wait. It is soon to come, just in needs patient but we don't have to expect too much.

Huppercase

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If I have millions of fiat stack in my home, I will be cost average buying any BTC I get my hands on, I wouldn't pity any sats I set my eyes I find my eyes on sell order but the problem right now is that I'm the opposite of what I just said, that's why I will opt-in for Altcoins with great potential of break boundaries and not some shitcoins that will forever remain in one place no matter the amount of marketing input.
Bitcoin has prove to be the best inflation hedge despite the volatility.

justdimin

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Quote from: og kush420 on November 22, 2021, 11:34:33 AM

The real moment to buy a coin is when market take a dip. "Buy when everyone fears to buy - buffet ". But irony is that not many pay attention to buying when market is in red. Take instance of recent btc ATH, when btc was trading at 68k everyone was talking about buying it, but as btc takes a dip to 55k everyone just runs away from same btc. Not many pay attention to buying when it's actual time to buy.

If there is any person out there who sells when the price is dropping significantly knowing that is EXACTLY what they shouldn't do, then there is two possible reasons for something like that. Either they have no reason to actually care about what they "should" do, or they are just plainly unaware of how trading works.

I understand anyone who has been trading under one year and make this mistake but if you have been around for over a year and traded or invested and still make this mistake? Then I am sorry but you knew the risks and you still did it so you deserve that loss. I can't really feel sorry for people who sell when the price is going down, and since it is going down then it means there are some people who do sell, otherwise it wouldn't go down. I even understand not buying, but selling is just not acceptable at all and needs to stop.

Raflesia

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Quote from: zaesvlas on November 22, 2021, 09:49:43 AM

Now I don't buy anymore. I bought during the recent drop to 35 k, it was still a good chance, as for me.

But for me there is no way bitcoin can go down again to $35k during this decline, I know the correction now is quite deep but it won't be as severe as I imagined, of course the bounce can definitely come back again and we now only see it as a holiday season where many people need a lot of money.

I'm also a little patient to keep watching and analyzing when to buy at the right time during this decline, if it happened at $35k of course I would put my net.

Rehan Zakir

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I think best strategy is that some quantity at current price and then wait for a dip. Then buy some quantity again. After that then wait for another dip. Don't buy all at once. Because it is not a right way to buy all at once. Buy in portions. Then you will never struck in loss

og kush420

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Quote from: zaesvlas on November 22, 2021, 09:49:43 AM

Now I don't buy anymore. I bought during the recent drop to 35 k, it was still a good chance, as for me.

The real moment to buy a coin is when market take a dip. "Buy when everyone fears to buy - buffet ". But irony is that not many pay attention to buying when market is in red. Take instance of recent btc ATH, when btc was trading at 68k everyone was talking about buying it, but as btc takes a dip to 55k everyone just runs away from same btc. Not many pay attention to buying when it's actual time to buy.

qwertyup23

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Quote from: bL4nkcode on November 20, 2021, 11:33:53 AM

Quote from: Sled on November 20, 2021, 09:49:23 AM

Sometimes it happens that altcoins are more profitable than Bitcoin, nor to deny that. Like investing coins that are in hypes gives us x2, x3, multiple times in general, and that is good.

The chance of you from getting profit x2 or more is the same chance or more to getting loss. Unless you're investing alts that were established already, like those top 20 coins listed on cmc. BNB is more impressive coin to invest either in short term or long term. For eth it should be in long term.

The chance of profiting from altcoins is relatively the same in BTC. The difference is, the former has a bigger chance of flopping due to its uncertainty and longevity. Bitcoin, on the other hand, has proven its dominance on the market over the course of its years. Though its price may be volatile, the amount of security that you get is somehow higher compared to alts.

Though I do agree that if you invest into the top 10-20 altcoins, there may be a chance of doubling your investments. But of course, everything is a double-edged sword- either you win or you lose.

cloudfir3e

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Quote from: Chris1520 on November 11, 2021, 02:50:12 PM

i am not sure how to proceed from here.

if you want successful trading you better believe in something you do when you buy bitcoin at prices close to ATH.
if you trade with doubt you will panic when the price dump a few % and you will experience a loss. but if you experience a loss it doesn't matter, it should be a lesson for you to be more careful when buying coins

Quote from: Chris1520 on November 11, 2021, 02:50:12 PM

We all know buying at/near ATH is not the best move.

trading has a high risk when you place your money wrong. so when you want to buy btc you need to set a strategy so that when the price drops you don't panic and are full of doubts.
if i see, it seems that you are still hesitant in trading.
my suggestion is that you better buy another coin whose price is lower than btc.

zaesvlas

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Now I don't buy anymore. I bought during the recent drop to 35 k, it was still a good chance, as for me.

DarkDays

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Quote from: LUCKMCFLY on November 20, 2021, 04:01:18 PM

Quote from: Issa56 on November 14, 2021, 04:27:42 PM

From my believe I think Bitcoin is still very cheap of you are holding for long term, if you are holding for long term you don't have to be scared of buying bitcon you don't have to be scared of drop in price that's happening currently just buy and hold but if you are short trader you have to study the chart carefully.

Well it is cheap from the point of view that it has not yet reached $ 100k, but if we take into account that BTC can have a very strong correction, the statement can be counterproductive, if I buy BTC at $ 62k and then it falls to about $ 30k or even more (could happen) would be losing a lot of money, and as the market has a lot of volatility it is very likely to happen, it is very difficult to predict a movement, however many are waiting for the bullish movement, but you have to be careful because the market sometimes it does the opposite of what the masses think.

Well, the above is true. While many expect the trajectory line to be similar to most of the prediction of Bitcoin reaching 100K there is also the fact that the market can move in the opposite direction by the same degree. It is not that's likely but the possibility should never be countered.

At the same time, for those who believe Bitcoin will reach greater/higher milestones can think that now they can buy Bitcoin at a discount. So in the end os about the long term vision of the investor

cheezcarls

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Quote from: Chris1520 on November 11, 2021, 02:50:12 PM

Hey guys,

Lately, I've been putting a lot of work to educate myself toward Bitcoin, going through ressources from hope.com / 10hoursofbitcoin.com / Essays / Well document articles...... im officially down the rabbit hole.

I have the feeling that i am starting to understand deeper what Bitcoin truly is, what it brings, how it changes everything, what hope it brings, and mostly, how HONNEST it BTC is.
I am more and more amazed by it, to the point that i've lost almost any interest toward any other crypto «currencies».

To put it in other word, i want to add more bitcoin to my portfolio but with current near ATH price, i am not sure how to proceed from here.
We all know buying at/near ATH is not the best move. On the other hand, people will suggest « DCA DCA - long term long term».

Yes I've been doing DCA with BTC. I've stopped doing so at 2 weeks ago, at 59k. Thought it was getting high to buy.

What are you guys currently doing ? Still buying at 65-68k ? Waiting a for a while ?

Thank you all, and have a great day !

Only invest and trade what you can afford to lose and proper risk management. There’s no specific timetable on when will BTC is going to pump or dump. It can happen without warning as the market is unpredictable.

I’m not even sure about the specific support level of BTC right now, coz’ anytime there would be another wave of FUD or bad news and we should be prepared for that. Expect the unexpected.

worle1bm

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Quote from: Silberman on November 21, 2021, 06:47:17 PM

Quote from: BuNga_cute on November 19, 2021, 05:47:21 PM

In my opinion, people who have large capital are very lucky today, because now is the best time to buy Bitcoin. Maybe we will regret it
if we hesitate to buy Bitcoin right now, because next week the Bitcoin price will probably rise above the $60k price again. So we have to
take advantage of the current correction to collect as much Bitcoin as possible. But because my capital is limited, I can't collect much Bitcoin.
Anyways so far I'm quite satisfied with the Bitcoin purchases I've made gradually. If we see Bitcoin's movement today which shows a slow increase,
I hope my predictions come true, that Bitcoin in a few days will return to the price of $ 60k.

It is not about luck, in order to have some money to invest you need to spend less money than what you earn, and this is something rare as most people are living paycheck to paycheck, so the ones that have some money to buy bitcoin now are the ones that are thinking about investing already, so we cannot say it is luck when they have planned precisely for this scenario, however I do not know how much money they could have to spare as even if the opportunity to buy bitcoin now is attractive there have been many better opportunities during this year alone.

Yes that's true in today's hard working life we are not managing to save much due to inflation and our daily necessary items prices have also skyrocketed due to which even if we earn more we are able to save less.But still saving and investing the same amount is crucial for future survival and if we choose the wrong coin then it could be fund loss so it's better to stick with btc rather than going for some new altcoin projects which could be scam.Invest your money wisely.

Silberman

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Quote from: BuNga_cute on November 19, 2021, 05:47:21 PM

In my opinion, people who have large capital are very lucky today, because now is the best time to buy Bitcoin. Maybe we will regret it
if we hesitate to buy Bitcoin right now, because next week the Bitcoin price will probably rise above the $60k price again. So we have to
take advantage of the current correction to collect as much Bitcoin as possible. But because my capital is limited, I can't collect much Bitcoin.
Anyways so far I'm quite satisfied with the Bitcoin purchases I've made gradually. If we see Bitcoin's movement today which shows a slow increase,
I hope my predictions come true, that Bitcoin in a few days will return to the price of $ 60k.

It is not about luck, in order to have some money to invest you need to spend less money than what you earn, and this is something rare as most people are living paycheck to paycheck, so the ones that have some money to buy bitcoin now are the ones that are thinking about investing already, so we cannot say it is luck when they have planned precisely for this scenario, however I do not know how much money they could have to spare as even if the opportunity to buy bitcoin now is attractive there have been many better opportunities during this year alone.

LUCKMCFLY

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Quote from: Issa56 on November 14, 2021, 04:27:42 PM

From my believe I think Bitcoin is still very cheap of you are holding for long term, if you are holding for long term you don't have to be scared of buying bitcon you don't have to be scared of drop in price that's happening currently just buy and hold but if you are short trader you have to study the chart carefully.

Well it is cheap from the point of view that it has not yet reached $ 100k, but if we take into account that BTC can have a very strong correction, the statement can be counterproductive, if I buy BTC at $ 62k and then it falls to about $ 30k or even more (could happen) would be losing a lot of money, and as the market has a lot of volatility it is very likely to happen, it is very difficult to predict a movement, however many are waiting for the bullish movement, but you have to be careful because the market sometimes it does the opposite of what the masses think.

RealMalatesta

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Quote from: Sled on November 20, 2021, 09:49:23 AM

Sometimes it happens that altcoins are more profitable than Bitcoin, nor to deny that. Like investing coins that are in hypes gives us x2, x3, multiple times in general, and that is good.

If you are limited with highly reputed coins then you will get chances to remain profitable but if you extend your altcoin investments into random coins then you may burn your finger. Even some altcoins are highly profitable than bitcoins, I guess it will be too difficult to identify such coins and the right timing specific for that coin. This is the reason I never prefer go out of bitcoin investments.

Quote from: bL4nkcode on November 20, 2021, 11:33:53 AM

The chance of you from getting profit x2 or more is the same chance or more to getting loss.

When you are going out of bitcoin investment then you need to be ready to bear anything. Usually the risk of altcoin investment is higher than expected profit levels.

bL4nkcode

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Quote from: Sled on November 20, 2021, 09:49:23 AM

Sometimes it happens that altcoins are more profitable than Bitcoin, nor to deny that. Like investing coins that are in hypes gives us x2, x3, multiple times in general, and that is good.

The chance of you from getting profit x2 or more is the same chance or more to getting loss. Unless you're investing alts that were established already, like those top 20 coins listed on cmc. BNB is more impressive coin to invest either in short term or long term. For eth it should be in long term.

geegaw

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Quote from: ItsCrafty on November 20, 2021, 05:15:56 AM

At the current price bitcoin is very cheap as compared to the coming days or months or even year, because it will cross $100k very soon, it is still the king of all the coins, so my opinion is that if you can hold your money in bitcoin for a year, or 6 month, then it would be better for you to buy bitcoin at the current price and I hope it will give you a huge profit in the coming months.

Such advice is perhaps unreasonable, the consultant also has no refund or warranty policy for the service, even though we all know bitcoin is a reputable and willing source of long-term durability but we are living more as retailers, a small agent that imports goods to the warehouse and when we are not a real user and in the attitude of a trader, buying will require original prices, even discounts. Buying at a user's price is a mistake and just saying such familiar things, we already know at what price to buy and at what price to refuse, buy only when there is a strong sale as well as a big promotion

Sled

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Quote from: martina14 on November 20, 2021, 07:31:52 AM

Quote from: Chris1520 on November 11, 2021, 02:50:12 PM

snipped~

Well, personally, my advise to you is don't focus yourself in the first place into Bitcoin, because it is much better to focus in the other coins if you want to earn high chances with it. Though I am not saying Bitcoin is not good, it is good only for the long term where you are willing to hold it for 3-4 years something like that. But for now much better to look for the other like ADA,Cake, Matic, Solana, Bnb, and Shiba.

Maybe you are right. Sometimes it happens that altcoins are more profitable than Bitcoin, nor to deny that. Like investing coins that are in hypes gives us x2, x3, multiple times in general, and that is good. I invested half of my total assets in Bitcoin and half of it to BNB and ETH. It can be long-term for sure but it can be diversified to new projects if that has the potentials. Short-term investment is risky but it seems to profit. Well, that be sure you are investing the right coins.

martina14

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Quote from: Chris1520 on November 11, 2021, 02:50:12 PM

Hey guys,

Lately, I've been putting a lot of work to educate myself toward Bitcoin, going through ressources from hope.com / 10hoursofbitcoin.com / Essays / Well document articles...... im officially down the rabbit hole.

I have the feeling that i am starting to understand deeper what Bitcoin truly is, what it brings, how it changes everything, what hope it brings, and mostly, how HONNEST it BTC is.
I am more and more amazed by it, to the point that i've lost almost any interest toward any other crypto «currencies».

To put it in other word, i want to add more bitcoin to my portfolio but with current near ATH price, i am not sure how to proceed from here.
We all know buying at/near ATH is not the best move. On the other hand, people will suggest « DCA DCA - long term long term».

Yes I've been doing DCA with BTC. I've stopped doing so at 2 weeks ago, at 59k. Thought it was getting high to buy.

What are you guys currently doing ? Still buying at 65-68k ? Waiting a for a while ?

Thank you all, and have a great day !

Well, personally, my advise to you is don't focus yourself in the first place into Bitcoin, because it is much better to focus in the other coins if you want to earn high chances with it. Though I am not saying Bitcoin is not good, it is good only for the long term where you are willing to hold it for 3-4 years something like that. But for now much better to look for the other like ADA,Cake, Matic, Solana, Bnb, and Shiba.

Topic: Need advice regarding buying - page 3. (Read 697 times)