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Topic: Need some suggestions regarding Bitcoin - page 2. (Read 312 times)

hero member
Activity: 2702
Merit: 716
Nothing lasts forever
March 14, 2021, 12:44:59 PM
#7
I'm someone who's very new to btc. I started investing last week. Last week I purchased some amount of BTC at $49k and sold them this week at $57k. I was planning to do the same thing for this week. What I really did, was that I checked the trends, and the price of btc used to go up during the weekdays and go down during the weekends, so I bought it when it was at its lowest (in the week), and sold them  on Friday (a considerably higher price).
But the price of a btc at the moment is $59500. I wanted to ask you all for suggestions here. Should I purchase some btc now or should I wait for the price to drop? I want to hold for cycles of 1-2 weeks at a time.
Will btc go up from what it is at the moment in the next 1-2 weeks? If yes, what price would it be (just make a guess/prediction) by the end of the week/2 weeks?

If we would know whether bitcoin will go up or down the next week wouldn't we wall would have been rich by now ?
I know that you are here just for the sake of reaping profits but blindly asking a question whether bitcoin will go up or down will do you no good.

You should consider learning what bitcoin is about and why are people investing in bitcoin. You won't be asking such questions again if you will know what bitcoin is about.
Most importantly, if you are here just for the sake of earning profits through trading then consider learning how to trade and practice it on regular basis.

Do not depend on opinions about others and start cultivate a learning habit on your own. This will help you a lot in the long run.
legendary
Activity: 1974
Merit: 2124
March 14, 2021, 12:32:32 PM
#6
I'm someone who's very new to btc. I started investing last week. Last week I purchased some amount of BTC at $49k and sold them this week at $57k. I was planning to do the same thing for this week. What I really did, was that I checked the trends, and the price of btc used to go up during the weekdays and go down during the weekends, so I bought it when it was at its lowest (in the week), and sold them  on Friday (a considerably higher price).
But the price of a btc at the moment is $59500. I wanted to ask you all for suggestions here. Should I purchase some btc now or should I wait for the price to drop? I want to hold for cycles of 1-2 weeks at a time.
Will btc go up from what it is at the moment in the next 1-2 weeks? If yes, what price would it be (just make a guess/prediction) by the end of the week/2 weeks?
This strategy could end you in huge losses because the price volatility in btc is very high and weekly price ups and down is very risky way to measure price trends.Yiu should instead buy at dips when prices move 7-8% downwards and then sell when they rise by 12-13% whatever time it takes week,month or so and then sell which will give you profits for sure covering your loss.Make strategy according to the market reaction not based on just coincidence that you have faced in Bitcoin prices.This is very risky market and one bad move puts you in complete loss situation so be aware of risk associated with your plans.
hero member
Activity: 1890
Merit: 831
March 14, 2021, 12:26:20 PM
#5
If it is about gaining a profit then I do think you might rather not invest right now , due to the stimulus bill we have seen a uptrend but at the same time I do not believe in investing at a high price.

But then again it's bitcoins , we do not know what a high price is for the moment here.

I would recommend you to wait. Keep a check on the market and even see the price offered to you by different wallet since you know it might vary. At the same time you can try and purchase some bitcoins from p2p since it would be less expensive for you.

But the again the weekend/weekdays thing that does not work at all. What works is news , new investments pouring in , keep a track of google and save bitcoins in the cards , read news every day and check the price. Then make a move.

You have to decide yourself !
Best of luck
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
March 14, 2021, 12:19:21 PM
#4
First your theory of bitcoin going down at weekend and up at weekdays is just a coincidence, there is no official theory like existing, the price is not affected by weekdays or weekends, only that transaction fee are a bit less in weekend than weekdays. About bitcoin investment, know your onions first, if you know more about bitcoin you would value holding it.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
March 14, 2021, 12:13:56 PM
#3
I will advice you to watch out for new, if you do not yet hear any big company that invested recently heavily on bitcoin, do not yet buy, still wait. Also watch out for other news like the 1.5 trillion stimulus that US wants to give it's citizens for Covid-19 relief, watch out for any other positive news about either whales are still having bitcoin in wallet or moving it to exchanges, having it on wallet means they are still holding.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
March 14, 2021, 12:13:32 PM
#2
Should I purchase some btc now or should I wait for the price to drop?

You are driven by greed, not by knowledge. And this can end up badly, sooner or later, especially as you don't seem to have patience either.
My advice is to stop, read, understand what you are doing, see what can be the expectations on Bitcoin price (shortly, in theory, it should rise, but it will have dumps too between the rises).

Your only goal is to grow your fiat by trading, but you are treating trading as gambling. This can make you earn nicely a couple of times and lose it all at some point, sooner or later. This is not the way to do it.
newbie
Activity: 15
Merit: 0
March 14, 2021, 12:07:46 PM
#1
I'm someone who's very new to btc. I started investing last week. Last week I purchased some amount of BTC at $49k and sold them this week at $57k. I was planning to do the same thing for this week. What I really did, was that I checked the trends, and the price of btc used to go up during the weekdays and go down during the weekends, so I bought it when it was at its lowest (in the week), and sold them  on Friday (a considerably higher price).
But the price of a btc at the moment is $59500. I wanted to ask you all for suggestions here. Should I purchase some btc now or should I wait for the price to drop? I want to hold for cycles of 1-2 weeks at a time.
Will btc go up from what it is at the moment in the next 1-2 weeks? If yes, what price would it be (just make a guess/prediction) by the end of the week/2 weeks?
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