Need advice regarding buying - page 5.

traderethereum

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Quote from: BuNga_cute on November 16, 2021, 04:08:55 PM

Quote from: traderethereum on November 13, 2021, 10:02:15 PM

Quote from: BuNga_cute on November 13, 2021, 05:45:11 AM

Quote from: traderethereum on November 13, 2021, 05:02:30 AM

Actually, if we watch bitcoin price movement, the price increase steadily although not jump directly so I think it is good for the price to reach every high price step by step.
But a few days ago, we saw the price jump from a lower price to a higher price and reach $68k-$69k but then, the price is back to the lower price.
And now, the price is at $64k, which is good to buy or you can wait for a while because the trend is down and maybe there will be another correction that can come tomorrow.
If you are okay with buying right now and consider buying more if the price still goes down, that will be a good decision as you can have more bitcoin.

Buying Bitcoin now is quite good in my opinion, because it is likely that the price of Bitcoin will indeed rise again in the near future.
So I highly recommend buying at a price of $63k-$65k, or if we want it to be safer, we can buy Bitcoin in stages. That means don't use
all the capital we have to buy Bitcoin at the current price, we can buy using 50% of the capital we have. We can save the rest first in stable coins,
so as not to be affected by a volatile market. If it turns out that the price of Bitcoin is getting lower below the price of $63k, we can buy
more Bitcoin with the remaining capital we have. But my prediction is that Bitcoin will not drop below the $60k price, because the Bitcoin support
price is very strong at $60k.

Yes, it is a good decision to buy bitcoin now but they do not have to buy at once because the price is still too volatile and can drop anytime.
They need to diversify their order buy too many low prices so they can get bitcoin at various low prices and if they can do that, they can do swing trading besides long term trading because that can give them a chance to make a profit in a short time.
I always suggested buying bitcoin in stages because that can reduce our panic when the price is down and we can get more amount at a low price.
Hopefully, $60k will be the support price to hold, not going down for more.

It seems that my decision to buy Bitcoin gradually is very right, the price of Bitcoin is getting lower right now. At least this doesn't make me panic,
because I can buy more Bitcoin at a lower price. But quite unexpectedly Bitcoin finally dropped below $60k, this is not a good thing, because some
investors will panic to see the price of Bitcoin drop too deep. I hope Bitcoin doesn't stay below $60k for too long, and could be back above the $60k
price again in a few days. I'm sure a lot of whales will start buying Bitcoin at the current price, because the price of Bitcoin is now quite low, if true
a lot of whales are buying Bitcoin now, of course Bitcoin price will recover soon and return to above $60k price and is expected to slowly return to
ATH price again. So if we still have extra money, we can start buying Bitcoin again, otherwise we have to be patient and don't rush to cut losses.

That is very good if you buy bitcoin gradually, especially now as we know that bitcoin price is still at a low price and gives us a chance to buy bitcoin now.
If you still have more funds which you prepared before, you will get another chance to buy bitcoin if the price is down for more but hopefully, the price will not be below $60k as this price seems to be the support to hold the price not to go down for more.
Bitcoin price will be back above $60k in the next few days and we could only be patient and stay calm following the price movements.
The whales use this chance to accumulate more and more bitcoin because they have a lot of money ready to buy bitcoin at any lower price.

Oceat

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Quote from: dunfida on November 16, 2021, 07:43:35 PM

Quote from: 24Kt on November 16, 2021, 07:24:14 PM

Quote from: Oceat on November 16, 2021, 07:18:23 PM

Quote from: Quidat on November 16, 2021, 06:58:35 PM

Quote from: Finestream on November 16, 2021, 04:06:21 PM

Quote from: Cling18 on November 16, 2021, 12:51:31 PM

It's better if you'll set a target goal before you invest so you'll have a specific target price to sell. Sometimes, being unspecific could lead you to wrong decision making which is usually caused by too much greed. Your decision must rely on the profit that you want to gain and on the level of patience that you could have upon waiting.

Set a good plan first before you decide to invest in crypto, its best entry and best exit so you won't be closing your entry with regrets. Some investors only ride with the FOMO thinking that it could be the best entry, and yet they all end up losing their funds. So its best if we can set a target price when to buy and sell so we will be guided all throughout our investment process.

However, i can see that most of the coins at this moment is dumping. Maybe there is an ongoing price correction. I suggest to start eyeing at bitcoin today because its price is already cheaper than before. Bitcoin is now at $59,919 and its definitely a good buy with its current price.

Easy to say but when you are on the actual situation then this is something a really very hard to be done because you would always be looking for the possible bottom to maximize out possible profits when market tends to make out some recovery which its normal that you would really make out those profits since you had risked out to buyback when the market is on deep reds.

People that goes dumping is such a weak-hands that cannot hodl their Bitcoin everytime if there's a correction or a red line. They were supposed to be buying back to accumulate again and make another plan on how to trade it for profit. And a trader should always look on the market status whether it's time to dump or time to hodl.

IMO actuality may vary to each every single traders even if the have the right plans to do it but once you cannot control your emotion, you are most likely to do the regretful decision. Anyway, now's the time buy I'm sure, since speculators are expecting a pump after this few corrections.

You can't blame some traders as not all of us can hold long time. Some are cashing out for their necessary expenses. And as much as possible, they want to sell it not at a loss. But if you are very capable of holding, then you are one of the lucky ones in this market. Because like for example the OP, if he truly believes the capability of bitcoin based on his studies, then, accumulating more is one option to increase his portfolio. And by the way, when he wrote this, I don't think he's thinking that btc will go down to 59-60k this week. So don't know if he's buying now that it is going down.

Not all does have the patience on holding for too long and its true that there are lots of factors that could really affect when we are holding
specially when we are seeing a dropping or crashing market or even into those FOMO times where seeing huge price increase spike.

So decisions will vary depending into your goal and targets into your trading and it wont really be similar most of the time.

Buy when you do see its cheap but dont expect that it would be precise from time to time.

I am not blaming them rather I'm just stating some facts since not everyone has the patience to wait and hodl. It's their decision so it's their loss if they don't get a profit but I guess someone would sell right now won't be suffering a great losses but instead gaining some profit but not that great but it's still a profit. I guess this is not their first time to see a market going red for just a few days if they were truly a day traders. I'm sure the ones who cashing out are the ones that doesn't trade a lot and is just holding for a long time or they were just in need of the money that's why they did it.

It makes no sense if someone holding for too long suddenly dump when the price started to drop.

dunfida

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Quote from: 24Kt on November 16, 2021, 07:24:14 PM

Quote from: Oceat on November 16, 2021, 07:18:23 PM

Quote from: Quidat on November 16, 2021, 06:58:35 PM

Quote from: Finestream on November 16, 2021, 04:06:21 PM

Quote from: Cling18 on November 16, 2021, 12:51:31 PM

It's better if you'll set a target goal before you invest so you'll have a specific target price to sell. Sometimes, being unspecific could lead you to wrong decision making which is usually caused by too much greed. Your decision must rely on the profit that you want to gain and on the level of patience that you could have upon waiting.

Set a good plan first before you decide to invest in crypto, its best entry and best exit so you won't be closing your entry with regrets. Some investors only ride with the FOMO thinking that it could be the best entry, and yet they all end up losing their funds. So its best if we can set a target price when to buy and sell so we will be guided all throughout our investment process.

However, i can see that most of the coins at this moment is dumping. Maybe there is an ongoing price correction. I suggest to start eyeing at bitcoin today because its price is already cheaper than before. Bitcoin is now at $59,919 and its definitely a good buy with its current price.

Easy to say but when you are on the actual situation then this is something a really very hard to be done because you would always be looking for the possible bottom to maximize out possible profits when market tends to make out some recovery which its normal that you would really make out those profits since you had risked out to buyback when the market is on deep reds.

People that goes dumping is such a weak-hands that cannot hodl their Bitcoin everytime if there's a correction or a red line. They were supposed to be buying back to accumulate again and make another plan on how to trade it for profit. And a trader should always look on the market status whether it's time to dump or time to hodl.

IMO actuality may vary to each every single traders even if the have the right plans to do it but once you cannot control your emotion, you are most likely to do the regretful decision. Anyway, now's the time buy I'm sure, since speculators are expecting a pump after this few corrections.

You can't blame some traders as not all of us can hold long time. Some are cashing out for their necessary expenses. And as much as possible, they want to sell it not at a loss. But if you are very capable of holding, then you are one of the lucky ones in this market. Because like for example the OP, if he truly believes the capability of bitcoin based on his studies, then, accumulating more is one option to increase his portfolio. And by the way, when he wrote this, I don't think he's thinking that btc will go down to 59-60k this week. So don't know if he's buying now that it is going down.

Not all does have the patience on holding for too long and its true that there are lots of factors that could really affect when we are holding
specially when we are seeing a dropping or crashing market or even into those FOMO times where seeing huge price increase spike.

So decisions will vary depending into your goal and targets into your trading and it wont really be similar most of the time.

Buy when you do see its cheap but dont expect that it would be precise from time to time.

24Kt

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Activity: 1092

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Quote from: Oceat on November 16, 2021, 07:18:23 PM

Quote from: Quidat on November 16, 2021, 06:58:35 PM

Quote from: Finestream on November 16, 2021, 04:06:21 PM

Quote from: Cling18 on November 16, 2021, 12:51:31 PM

It's better if you'll set a target goal before you invest so you'll have a specific target price to sell. Sometimes, being unspecific could lead you to wrong decision making which is usually caused by too much greed. Your decision must rely on the profit that you want to gain and on the level of patience that you could have upon waiting.

Set a good plan first before you decide to invest in crypto, its best entry and best exit so you won't be closing your entry with regrets. Some investors only ride with the FOMO thinking that it could be the best entry, and yet they all end up losing their funds. So its best if we can set a target price when to buy and sell so we will be guided all throughout our investment process.

However, i can see that most of the coins at this moment is dumping. Maybe there is an ongoing price correction. I suggest to start eyeing at bitcoin today because its price is already cheaper than before. Bitcoin is now at $59,919 and its definitely a good buy with its current price.

Easy to say but when you are on the actual situation then this is something a really very hard to be done because you would always be looking for the possible bottom to maximize out possible profits when market tends to make out some recovery which its normal that you would really make out those profits since you had risked out to buyback when the market is on deep reds.

People that goes dumping is such a weak-hands that cannot hodl their Bitcoin everytime if there's a correction or a red line. They were supposed to be buying back to accumulate again and make another plan on how to trade it for profit. And a trader should always look on the market status whether it's time to dump or time to hodl.

IMO actuality may vary to each every single traders even if the have the right plans to do it but once you cannot control your emotion, you are most likely to do the regretful decision. Anyway, now's the time buy I'm sure, since speculators are expecting a pump after this few corrections.

You can't blame some traders as not all of us can hold long time. Some are cashing out for their necessary expenses. And as much as possible, they want to sell it not at a loss. But if you are very capable of holding, then you are one of the lucky ones in this market. Because like for example the OP, if he truly believes the capability of bitcoin based on his studies, then, accumulating more is one option to increase his portfolio. And by the way, when he wrote this, I don't think he's thinking that btc will go down to 59-60k this week. So don't know if he's buying now that it is going down.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Quidat on November 16, 2021, 06:58:35 PM

Quote from: Finestream on November 16, 2021, 04:06:21 PM

Quote from: Cling18 on November 16, 2021, 12:51:31 PM

It's better if you'll set a target goal before you invest so you'll have a specific target price to sell. Sometimes, being unspecific could lead you to wrong decision making which is usually caused by too much greed. Your decision must rely on the profit that you want to gain and on the level of patience that you could have upon waiting.

Set a good plan first before you decide to invest in crypto, its best entry and best exit so you won't be closing your entry with regrets. Some investors only ride with the FOMO thinking that it could be the best entry, and yet they all end up losing their funds. So its best if we can set a target price when to buy and sell so we will be guided all throughout our investment process.

However, i can see that most of the coins at this moment is dumping. Maybe there is an ongoing price correction. I suggest to start eyeing at bitcoin today because its price is already cheaper than before. Bitcoin is now at $59,919 and its definitely a good buy with its current price.

Easy to say but when you are on the actual situation then this is something a really very hard to be done because you would always be looking for the possible bottom to maximize out possible profits when market tends to make out some recovery which its normal that you would really make out those profits since you had risked out to buyback when the market is on deep reds.

People that goes dumping is such a weak-hands that cannot hodl their Bitcoin everytime if there's a correction or a red line. They were supposed to be buying back to accumulate again and make another plan on how to trade it for profit. And a trader should always look on the market status whether it's time to dump or time to hodl.

IMO actuality may vary to each every single traders even if the have the right plans to do it but once you cannot control your emotion, you are most likely to do the regretful decision. Anyway, now's the time buy I'm sure, since speculators are expecting a pump after this few corrections.

Quidat

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Quote from: Finestream on November 16, 2021, 04:06:21 PM

Quote from: Cling18 on November 16, 2021, 12:51:31 PM

It's better if you'll set a target goal before you invest so you'll have a specific target price to sell. Sometimes, being unspecific could lead you to wrong decision making which is usually caused by too much greed. Your decision must rely on the profit that you want to gain and on the level of patience that you could have upon waiting.

Set a good plan first before you decide to invest in crypto, its best entry and best exit so you won't be closing your entry with regrets. Some investors only ride with the FOMO thinking that it could be the best entry, and yet they all end up losing their funds. So its best if we can set a target price when to buy and sell so we will be guided all throughout our investment process.

However, i can see that most of the coins at this moment is dumping. Maybe there is an ongoing price correction. I suggest to start eyeing at bitcoin today because its price is already cheaper than before. Bitcoin is now at $59,919 and its definitely a good buy with its current price.

Easy to say but when you are on the actual situation then this is something a really very hard to be done because you would always be looking for the possible bottom to maximize out possible profits when market tends to make out some recovery which its normal that you would really make out those profits since you had risked out to buyback when the market is on deep reds.

BuNga_cute

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Quote from: traderethereum on November 13, 2021, 10:02:15 PM

Quote from: BuNga_cute on November 13, 2021, 05:45:11 AM

Quote from: traderethereum on November 13, 2021, 05:02:30 AM

Actually, if we watch bitcoin price movement, the price increase steadily although not jump directly so I think it is good for the price to reach every high price step by step.
But a few days ago, we saw the price jump from a lower price to a higher price and reach $68k-$69k but then, the price is back to the lower price.
And now, the price is at $64k, which is good to buy or you can wait for a while because the trend is down and maybe there will be another correction that can come tomorrow.
If you are okay with buying right now and consider buying more if the price still goes down, that will be a good decision as you can have more bitcoin.

Buying Bitcoin now is quite good in my opinion, because it is likely that the price of Bitcoin will indeed rise again in the near future.
So I highly recommend buying at a price of $63k-$65k, or if we want it to be safer, we can buy Bitcoin in stages. That means don't use
all the capital we have to buy Bitcoin at the current price, we can buy using 50% of the capital we have. We can save the rest first in stable coins,
so as not to be affected by a volatile market. If it turns out that the price of Bitcoin is getting lower below the price of $63k, we can buy
more Bitcoin with the remaining capital we have. But my prediction is that Bitcoin will not drop below the $60k price, because the Bitcoin support
price is very strong at $60k.

Yes, it is a good decision to buy bitcoin now but they do not have to buy at once because the price is still too volatile and can drop anytime.
They need to diversify their order buy too many low prices so they can get bitcoin at various low prices and if they can do that, they can do swing trading besides long term trading because that can give them a chance to make a profit in a short time.
I always suggested buying bitcoin in stages because that can reduce our panic when the price is down and we can get more amount at a low price.
Hopefully, $60k will be the support price to hold, not going down for more.

It seems that my decision to buy Bitcoin gradually is very right, the price of Bitcoin is getting lower right now. At least this doesn't make me panic,
because I can buy more Bitcoin at a lower price. But quite unexpectedly Bitcoin finally dropped below $60k, this is not a good thing, because some
investors will panic to see the price of Bitcoin drop too deep. I hope Bitcoin doesn't stay below $60k for too long, and could be back above the $60k
price again in a few days. I'm sure a lot of whales will start buying Bitcoin at the current price, because the price of Bitcoin is now quite low, if true
a lot of whales are buying Bitcoin now, of course Bitcoin price will recover soon and return to above $60k price and is expected to slowly return to
ATH price again. So if we still have extra money, we can start buying Bitcoin again, otherwise we have to be patient and don't rush to cut losses.

Finestream

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Quote from: Cling18 on November 16, 2021, 12:51:31 PM

It's better if you'll set a target goal before you invest so you'll have a specific target price to sell. Sometimes, being unspecific could lead you to wrong decision making which is usually caused by too much greed. Your decision must rely on the profit that you want to gain and on the level of patience that you could have upon waiting.

Set a good plan first before you decide to invest in crypto, its best entry and best exit so you won't be closing your entry with regrets. Some investors only ride with the FOMO thinking that it could be the best entry, and yet they all end up losing their funds. So its best if we can set a target price when to buy and sell so we will be guided all throughout our investment process.

However, i can see that most of the coins at this moment is dumping. Maybe there is an ongoing price correction. I suggest to start eyeing at bitcoin today because its price is already cheaper than before. Bitcoin is now at $59,919 and its definitely a good buy with its current price.

otundebis

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Financial advise is hard to give because there are so many factors that may affect price of bitcoin in any directions. I have over the years realized that long term approach to holding and buying bitcoin pays off than looking at Short term profit. I will advise you buy bitcoin based on your projection of it's price over the next 10 years!

Reid

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If you are still reading here, then this should be the best entry point. That's in my opinion. It's still up to you at the end of the day.
You will be at $5k cheaper now from the last time you created this and then you could just leave it at peace and go long term.
I have been asked by some friends with the same question if it is still cheap or expensive. I say it is cheap when you look at how much Bitcoin is left then ratio it down with how many people are holding it now and it's growing.

Cling18

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It's better if you'll set a target goal before you invest so you'll have a specific target price to sell. Sometimes, being unspecific could lead you to wrong decision making which is usually caused by too much greed. Your decision must rely on the profit that you want to gain and on the level of patience that you could have upon waiting.

South Park

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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 !

Everything depends on what you want to become, if you are really interested in bitcoin not only as a way to produce some profits for yourself and you believe in the long term potential it has to change the world, then it is a good idea to buy whenever you have some money available like at the end of each month and do this constantly regardless of the price, now if the most important thing for you is to accumulate profits then I think this could be a good opportunity to buy bitcoin as it is trading currently at 60k which is near the point at which you stopped buying.

Mauser

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

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

Thank you all, and have a great day !

At the moment I am not buying any bitcoins anymore, this is not due to the high price we have right now but rather due to some issues in real life that makes it very hard to spend any money right now. In our house we discovered some problems with the roof and need to completely renovate it. The costs look extremely high, we will need to take out a loan. That is why I am saving every penny I have right now for the repairs.
If I had money to spend I would still be buying bitcoins at the current prices. While the levels at the moment seem high, once we reach 100,000 USD we could feel bad again for not buying. The best strategy for buying bitcoins at these levels is to spread out your money and divide for different month. You could be buying bitcoins every two weeks for the next few month and get a better average price due to the fluctuations.

Wexnident

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If you're planning on hodling, just keep buying! No price is too high when you're doing DCA and hodling it. Stop looking at what it is right now, but rather what it could be, that's the core of what hodling is. You don't look at it right now, you leave it, wait, then pick it up when it's at the top. If you're scared of investing just because it reached $59k then you might as well do shorting instead of hodling really. Sure you might want to adjust your buy ins at dips but then again, looking at it in the long term, most of what we see right now would be dips compared to its future price.

traderethereum

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Deep correction gives us the best time to buy more amount because bitcoin drops to $61k, which we do not know when the price back increases again.
Hopefully, this week, the price can increase and although the price can not go back to $65k this week, the price will still have a chance to increase more in the future.
If you want to buy now, you should not buy instant because you need to anticipate if the price goes down to buy back more amount at a low price.
Be careful and always analyze before you buy because that is the way to buy at a low price.

lienfaye

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The current price is quite expensive already for me to buy, so for now I just keep holding and waiting for a correction before making a decision.

But each of us has different preferences, some of us (like me) decided to wait for a perfect time to buy while some continue to accumulate since they're not aiming for a short term profit. Because if you plan to hold for long period you can buy anytime since we dont know whats going to be the price in the near future. The price can double or triple who knows, its not a guarantee but there's a possibility. Thus the decision depends on how long you plan to hold.

Kelvinid

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when lambo...

Being wise when it comes to investing is very important. if we aim high, why not be able to wait until the market is in correction, that I know it won't take too long to wait. To buy during the uptrend motion is not that ideal and a risk-taking move. Patience is the most common probably, and this is also the reason why many were in suffering losses than getting a profit.

So I would advise you to control your emotion. Though we can't find a perfect timing when to buy but much better to do this when bearish or just even have short corrections.

TheGreatPython

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

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».

What people here ate suggesting must be the best one to everyone and to be followed. Because, we cannot be sure about how long the current ATH will persist. Definitely it will get broken and bitcoin market will set another new ATH at any time in near future. So in order to to keep covering the upcoming bull run you must need to keep on buying at regular intervals rather than hesitating to buy around the current ATH.

DCA is a practice which will help you to build your portfolio to be good only in long run. And in short run, DCA may not look like a profitable one as you need to keep buying rather than figuring out a bottom prices to buy. DCA is a best one for the people who are not into technical analysis.

GeorgeJohn

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Cryptocurrency is power

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.

you are right because bitcoin now hour days don't have any important lost lost if you buy and keep for long time, the only people i can say very well that can get lost in bitcoin investment is people that buy and refused to hold for long term period, if you sell when the price is fluctuating is obvious that you will automatically lose, pure investors don't invest large quantities of finance into bitcoin knowing that they are not going lose actually, they is hope bitcoin investors.

worle1bm

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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 !

I am just holding my coins at this time from the past investment and just have bought some at $60k also few time back but not having any extra funds to put them at this time into Bitcoin.But you have made good decision of investing through DCA which will help you to gain more profits but you should continue your journey with these prices also because soon we are going above this and you will be in benefits if you hold them for long term.So continue with small amounts if you can and don't doubt btc as it will recover and give you profits.

Topic: Need advice regarding buying - page 5. (Read 697 times)