Topic: should I buy now? - page 2. (Read 1393 times)

Think about your budget and think about the risk that you'll be going to face sooner. If all been set and ready for anything that will happen to your investment, then why not? Because this is not all about seeing people become profitable, become rich and we just jump into crypto. But this is all about the courage and willingness to make part of its long journey. We are still not really at high and yet, still a good price to buy by then. Take this opportunity with no doubts and you'll never regret.

Well, when you have bought it at a lower price and then want to buy more with a budget that is certainly more, then just do it and for what you only see the price. Waiting to get a lower value right now I think it will only waste time because with a plan to hold for the long term, buying a price range lower than 10k will not be a problem I feel because the price is predicted to be very high when the bull run and this is good opportunity.

YES. I like it.
I have buying orders in 8.9, 8.8, 8.7k. Waiting for correction/dump/fear.

Even if it suffers a correction, which would be something very normal after increasing +25%, I dont think it would go as low as coming back to 7k. The biggest correction I can imaging would be to 8k and I would be surprised. So everything looks good, green days coming!!

Price looks to be going up a lot, if people bought a week ago they will be very happy about it, we are talking about a 10%+ increase which normally you wouldn't get this quickly in any other commodity in the world.

Bitcoin started around 7000 dollars this year (with some change) and right now it is over 9 thousand dollars, that is a 2 thousand dollars increase and comes to about 20%-25% increase in the end when you look at it. The problem here, we already had a 20% increase, are we really willing to risk our money for potentially going even further or are we just taking all the profits with us and leaving the market waiting for it to bottom out again?

Remember the vital advice of all financial world; "buy low sell high" which means we are at that "high" right now and selling could be understandable or even holding is okay but buying looks like would be prime example of "buy high, sell low" instead of the vice versa version of it.

As you said you have bitcoin I think you must buy ether too because this coins have potential and you can see bitcoin and ether is the best coins to hold for a long term. So if you have money buy ether also and hold it both for a long time and sell them both in the right time. So buy and hold bitcoin and ether those coins are good.

Such is life, I'll never give out certainties.   I studied statistics and probability and despite the best efforts of many nothing is ever for certain and BTC prices are especially chaotic.   Theres no way I'm telling people we have to goto 10k just because we break past a moving average which is only an indicator and not an actual live area of higher volume representing peoples interests.   I'll even say 10k itself is nonsense, doesn't mean anything even if we do sell from there in that moment also be ready to close your short as its momentum can quickly be eroded by something more real then a round number.
  
Its always maybe and a probably at my very best guess.   If it was calculated correctly on a spreadsheet they might spit confidence levels but I'd still say BTC isnt predictable, we all gamble on every trade if we're honest.
  If OP is asking a long term question he needs to visit more then one section of this forum to form his opinion as it surely relies on a variety of viewpoints to gain perspective and accuracy in a view where pressure lies between supply and demand.   If BTC can pop out of nowhere into peoples consciousnesses in 2010's what else is out there and Im aware we had clues to crypto beforehand and I even followed a few but still this whole phenomena is unprecedented and so unpredictable always imo.
  The rule I'm given by those with far more experience and success is the 200 day direction is far more important then purely its level on one day, so we have a descending 200 day average still and caution on this while forming an opinion is a fair weight to add.

Right. Buying bitcoin is the best solution right now since we know that the price starts increases, and even if the price is down and up again, the price will go to the highest price. That will be good for us if we can always buy bitcoin at a low price because after it reaches the low price, it will start to increase. The altcoin can be another way to make a profit, but we need to find what is the coin, and we need to analyze one by one, which will need time before we can get the right coin. But I like the list of the altcoin you mention, and yes, that coin will have a big chance to increase and give us more profit. The portion of the asset will be 50% for bitcoin, and the other 50% for altcoin so we can make the biggest profit from the cryptocurrency.

Predicting it is more difficult now.
We just dont really know if it will continue to go up or not.
There is a huge probability for it to be dumped since there are traders who already made their profit.
Perhaps you could monitor it for a week and then maybe you will find more clues into where it will go.

Just some precaution coz this might just be another hype.

Look good for bitcoin and have to buy right now because checking with your picture bitcoin keep trend to be higher price, with halving in front of our eyes make bitcoin become stronger and have higher price for investing, better should buy now before late to get much profit with bitcoin and altcoin or never get anything when bitcoin up.

Lot's of "maybe" and guesses. We're in a halving year with a strong end-of-bear signal last year. That is the perfect storm for some pre-halving wild action with a new yearly high and obviously a higher high than the previous $13.8k.

I still see my chart playing out with a pre-halving pump to $16k:

Advice I find very hard to follow but is repeatedly proven true is to buy into a rising price trend, not guess the bottom pricing and not buying 'value' or indecision on hope.   Right now since it broke the 50 day its been very positive hence this advice is probably in play right now upto 10k area or so and then its a maybe.   I even placed bets it would achieve that 5 figure area on the outside odds because too many doubted it.    Also its my medium term guess, I also expect the return of doubt and a sell off in future but the idea is dont sell out before it occurs.

it's better to buy bitcoin to buy and hold long term. Today it is still very good to buy crypto assets. for altcoin, maybe this could be your reference to be chosen again besides ethereum. such as ADA, XLM, XRP, LTC, BCH, BSV, LINK, EOS, ATOM, BNB, DOGE. only purchase one third of your assets for altcoin. and 4/3 is for Bitcoin.

This is a good opportunity by then but we don't need to push everyone to take the risk and then bitting back us because of the market drops and creat losses to them. It is just to tell that whoever will come to take the risk, better do it now and don't wait that the market will jump high. Halving has come closer and may the whole market will going to bullish( not far from happening).

We all through to these hopes since last year, might this year give favor to us and all our support and patience will be paid off. Though investing it really at risk but it is also a big regret when we saw the price moves high and we held nothing.

For a long term holder this is a good strategy, but there are some day traders who prefer the wild ups and downs and likes to gamble so they are going to watch how the price moves and will go for a daily profits depending on their risk appetite and then continue on the next day. For daily traders a full month is a good gauge to see how they earn. But I'm sure majority of us prefers to just hold and don't want to make things complicated on our end.

If you're in need of money every day then you shouldn't be trading in the first place. You can earn from trading short term or long term but you shouldn't rely on it for the most part because it's not going to give you a stable profit.


Depends, waiting to sell can also backfire if you're wanting more because prices can also go down but like i've said it depends as we have different approaches on how we trade (buying every month, selling once there's enough profit, etc).

How benefit with long term holder where we always need money every day, I think most effective with trade in daily day where earn more than 5% is enough and we can start continue for next day for trading with other coin, depend with always trade long term but we must looking other source income.

If you are long term holder, then these small pump and dump does not matter. Bitcoin dumps 500$ every few days and pump 500$ after some days. I am planning to hold bitcoins until it reaches 18-20K.  I think everyone should keep some amount aside because you will gain a lot around 2x-3x once we have another bull market.

We're forming quite a nice support area at around $8k, which represents a wonderful foundation for the next lift up.

After Bitcoin breaking the $9k resistance it's just so fast to happen that it suddenly drop to $8600+ down to $8300+ until it becomes stable there. I don't think Bitcoin will ever go down to $7k farther after breaking the $9k, but still some people are still expecting it to happen.