the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
if you buy at a price of $ 34k it looks like you have to wait until the BTC correction recovers. see right now the price of BTC on marketcap is only $ 31k. this is a drastic and sharp decline. you should buy now or wait later if the bitcoin price is below $ 30k so that when the correction recovers you can get a high price. 
Topic: The price of Bitcoin has exceeded $34,000. Is it still suitable to buy now (Read 571 times)
January 23, 2021, 10:07:49 AM
January 22, 2021, 12:01:27 PM
Have you already consider that as "Sharp Drop"? remember Bitcoin comes from below 10k in 2020 but made its way to almost 40,000 before the year ends.
So this is not a sharp fall instead a Correction .
yes I agree, this is only a temporary correction, and even so I have kept my $ 30,000 price tag on the back of the $ 50,000 to $ 100,000 currently held by analysts and other bitcoin holders. And of course this decline will not be the same as 2018 (my estimate) due to the adoption rate and the tendency of many people to start realizing that bitcoin should not be missed in investing. the rest be it factors from PornHub, Paypal etc., I don't know the details. but both are part of the rise in bitcoin.
January 22, 2021, 10:53:15 AM
Price going higher usually indicates that there are more buyers than sellers, and going down means there are more sellers than buyers, we all know this much right? So we have to ask ourselves questions about why it goes down and why it goes up during that process to figure out why buyers buy a lot or sellers sell a lot
For example there has been some drops recently, which means people sold, we have to ask ourselves why people sold and why we want to buy right now. The answer for me is simple, people realized that it is going to double once again, from 40k to 80k would have been incredibly hard, so instead people got out because that was an easier choice, I understand that. Why would I want to buy? Because even though it goes down, I feel like I can keep buying from lower and lower and just sell when it reaches 50k, I can wait longer than they can stay solvent.
For example there has been some drops recently, which means people sold, we have to ask ourselves why people sold and why we want to buy right now. The answer for me is simple, people realized that it is going to double once again, from 40k to 80k would have been incredibly hard, so instead people got out because that was an easier choice, I understand that. Why would I want to buy? Because even though it goes down, I feel like I can keep buying from lower and lower and just sell when it reaches 50k, I can wait longer than they can stay solvent.
January 21, 2021, 12:53:42 AM
It depends on your target price and time.
It's suitable to buy for most people, but you have to be prepared to wait a long time for it to double again. Most people buy to see at least 50% gains on their investment and won't simply sell at 50 thousand. So if your target is 50 or lower or you can wait 2 or 3 years if it takes that long, by all means buy it.
Just don't go all or nothing like it goes to 100 thousand this year or I'm fucked. In such case you probably are whatever you do.
This is sensible advice, the higher the price of bitcoin becomes the harder it is for it to double its price, buying now means that you are actually making a very long term commitment to remain invested in bitcoin even if the price begins to go down, and unfortunately even if many people believe that they can become long term holders the majority of the people are not able to make that commitment and they lose money in the process because of that mistaken assumption.It's suitable to buy for most people, but you have to be prepared to wait a long time for it to double again. Most people buy to see at least 50% gains on their investment and won't simply sell at 50 thousand. So if your target is 50 or lower or you can wait 2 or 3 years if it takes that long, by all means buy it.
Just don't go all or nothing like it goes to 100 thousand this year or I'm fucked. In such case you probably are whatever you do.
It wasn't easy to go from 100 dollars to 200 dollars, I was there, it happened very quickly when it happened but it took nearly 4-5 years to reach there as well. All these happened slowly in period but very quickly during the moment, same goes for 40k to 80k as well, we have A LOT more people now, meaning a lot more money, so taking from 40k to 80k will be same amount of period and same amount of moment because it may need more money but we have more money now.
January 21, 2021, 12:04:49 AM
I have predicted the Bitcoin price will be corrected after reaching an all time high of $ 41,000. So if you want to buy Bitcoin, now is the perfect time,
because according to the results of the analysis I have done, it is very unlikely that Bitcoin will fall below the price of $ 30,000. So don't waste
the opportunity to buy Bitcoin at its current price, I believe that later this month Bitcoin will start to rise again towards the price of $ 50,000.
because according to the results of the analysis I have done, it is very unlikely that Bitcoin will fall below the price of $ 30,000. So don't waste
the opportunity to buy Bitcoin at its current price, I believe that later this month Bitcoin will start to rise again towards the price of $ 50,000.
Yes, I guess the price will be up and down at this range of the price. We still have time to buy bitcoin at the current price, and yes, this is a good time to buy before the price increase so high. In the next rally, I think the price will break $41k, and it could go up to $50k, so we need to prepare before we miss the chance to buy bitcoin. I think we don't have to worry about the current situations because I think the price is waiting for another good moment to increase.
January 21, 2021, 12:01:04 AM
I have predicted the Bitcoin price will be corrected after reaching an all time high of $ 41,000. So if you want to buy Bitcoin, now is the perfect time,
because according to the results of the analysis I have done, it is very unlikely that Bitcoin will fall below the price of $ 30,000. So don't waste
the opportunity to buy Bitcoin at its current price, I believe that later this month Bitcoin will start to rise again towards the price of $ 50,000.
Indeed. I think bitcoin's correction is only in the range of $30,000+, so this might be the best time to grab the opportunity to buy bitcoin while its price is $34,000 because bitcoin could go back above $40,000 again. Since this time is not the same as what happened in 2017, there is a possibility that bitcoin will not go down below $20,000 again, and it will stay above $30,000. because according to the results of the analysis I have done, it is very unlikely that Bitcoin will fall below the price of $ 30,000. So don't waste
the opportunity to buy Bitcoin at its current price, I believe that later this month Bitcoin will start to rise again towards the price of $ 50,000.
January 20, 2021, 10:27:07 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
Have you already consider that as "Sharp Drop"? remember Bitcoin comes from below 10k in 2020 but made its way to almost 40,000 before the year ends.So this is not a sharp fall instead a Correction .
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and looks like the Price goes within 33,000-37,000 for the last weeks and this maybe the stable position for the whole january ? or just a indication that we will level at 20,000 again?
January 20, 2021, 08:15:15 PM
I have predicted the Bitcoin price will be corrected after reaching an all time high of $ 41,000. So if you want to buy Bitcoin, now is the perfect time,
because according to the results of the analysis I have done, it is very unlikely that Bitcoin will fall below the price of $ 30,000. So don't waste
the opportunity to buy Bitcoin at its current price, I believe that later this month Bitcoin will start to rise again towards the price of $ 50,000.
because according to the results of the analysis I have done, it is very unlikely that Bitcoin will fall below the price of $ 30,000. So don't waste
the opportunity to buy Bitcoin at its current price, I believe that later this month Bitcoin will start to rise again towards the price of $ 50,000.
January 20, 2021, 07:47:51 PM
Bitcoin reclaims $40k and should be able to reach $42k again, the daily RSI recently rebound indicates that the bullish momentum is increasing once again. it's just time matter, when bitcoin break that mark then it's going to reach $45k and $50k. Alternatively, in case of bitcoin can't hold its position above $40K, we can expect the first level of support at $38k, so whoever wants to purchase bitcoin, can buy it now or wait for a slight pullback to $38k.
TA now is different though, it didn't reclaim the $40k as everyone has expected but on the contrary continue to slid further, so TA will need to adjust as well with the current market movement, although the pullback is just so minor and small.
So I think at this point, still a mix signal, and probably we are in the consolidation phase and then followed by a new all time high at $42k in the coming weeks, personally, I'm expecting that this consolidation will come to an end next week.
January 20, 2021, 12:10:20 PM
I think the price of 34 is a good fit for those who want to buy long term.
Read this article This last rally Leg has been also bought by retail? by fillippone and you will find a logical answer to your question.
Institutional companies will buy more, which puts us at a point where demand stabilizes with supply and with increased optimism and lots of stimulus packages, we may see an increase in price.
Read this article This last rally Leg has been also bought by retail? by fillippone and you will find a logical answer to your question.
Institutional companies will buy more, which puts us at a point where demand stabilizes with supply and with increased optimism and lots of stimulus packages, we may see an increase in price.
Mentioned before that the death of retail isn't just quite here yet. It's still very much alive and strong in East Asia with a lot of millennials and growing middle class looking for more ways to spend their cash (or preserve it) and in developing economies we'll see the same repetition of middle class coming up over the next 2 decades.
Never going to have the early influence in Bitcoin's first 10 years, but it's still very powerful long term.
January 20, 2021, 04:47:39 AM
I think the price of 34 is a good fit for those who want to buy long term.
Read this article This last rally Leg has been also bought by retail? by fillippone and you will find a logical answer to your question.
Institutional companies will buy more, which puts us at a point where demand stabilizes with supply and with increased optimism and lots of stimulus packages, we may see an increase in price.
Read this article This last rally Leg has been also bought by retail? by fillippone and you will find a logical answer to your question.
Institutional companies will buy more, which puts us at a point where demand stabilizes with supply and with increased optimism and lots of stimulus packages, we may see an increase in price.
January 18, 2021, 05:50:26 PM
It depends on your target price and time.
It's suitable to buy for most people, but you have to be prepared to wait a long time for it to double again. Most people buy to see at least 50% gains on their investment and won't simply sell at 50 thousand. So if your target is 50 or lower or you can wait 2 or 3 years if it takes that long, by all means buy it.
Just don't go all or nothing like it goes to 100 thousand this year or I'm fucked. In such case you probably are whatever you do.
This is sensible advice, the higher the price of bitcoin becomes the harder it is for it to double its price, buying now means that you are actually making a very long term commitment to remain invested in bitcoin even if the price begins to go down, and unfortunately even if many people believe that they can become long term holders the majority of the people are not able to make that commitment and they lose money in the process because of that mistaken assumption. It's suitable to buy for most people, but you have to be prepared to wait a long time for it to double again. Most people buy to see at least 50% gains on their investment and won't simply sell at 50 thousand. So if your target is 50 or lower or you can wait 2 or 3 years if it takes that long, by all means buy it.
Just don't go all or nothing like it goes to 100 thousand this year or I'm fucked. In such case you probably are whatever you do.
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January 17, 2021, 01:34:29 AM
Buy what old time traders are buying now, they are going for altcoins, ethereum, Defi, NFTs, exchange coin of DEX etc. which is consider to be where profit from bitcoin will go now. You might have to do little research on the new coins and old to ascertain the price but at the end of the altseason move to bitcoin. Bitcoin can be held all through season, bull or bear.
The altcoins season hasn't be confirmed yet, sure some specific coins are doing well but that's mainly because of the hype those coins are getting and not that alts generally are go to jump right in (investing). The dominance of bitcoin is still at its peak, it'll need some corrections for the alts to begin enjoying the institutional funds flowing into the industry.
It's surprising that ethereum is yet to cross it's previous all time so as other coins. That's just to sure the hype in alts aren't at its peak yet to cause a bullrun for them and that's mainly because bitcoin is till making the news, the prediction are coming in so traders are still foming into the bitcoin market.
The altcoins season would probably start form next month fully, probably by then the hype around bitcoin would have decrease and cause the price to remain static at a particular range just as we're currently experiencing but by then, the dominance have reduced to a range favorable to altcoins.
January 16, 2021, 04:33:39 PM
If you look at the price movements from January 12 to now that have been a few days, indeed bitcoin is moving up and down between those prices and I monitor it the highest price over the past few days reaches $39k, and it will always experience a new price height. And it looks like it’s going to be like this for a while. If you look at history, bitcoin could create new prices again and again. For advice, it’s all up to you. If you have no doubt bitcoin will go up, then the price of $34k is good enough for an entry point. But you also have to have your own analysis, not based on other people’s analysis.
January 16, 2021, 04:15:45 PM
It depends on your target price and time.
It's suitable to buy for most people, but you have to be prepared to wait a long time for it to double again. Most people buy to see at least 50% gains on their investment and won't simply sell at 50 thousand. So if your target is 50 or lower or you can wait 2 or 3 years if it takes that long, by all means buy it.
Just don't go all or nothing like it goes to 100 thousand this year or I'm fucked. In such case you probably are whatever you do.
It's suitable to buy for most people, but you have to be prepared to wait a long time for it to double again. Most people buy to see at least 50% gains on their investment and won't simply sell at 50 thousand. So if your target is 50 or lower or you can wait 2 or 3 years if it takes that long, by all means buy it.
Just don't go all or nothing like it goes to 100 thousand this year or I'm fucked. In such case you probably are whatever you do.
January 14, 2021, 02:22:57 PM
Bitcoin reclaims $40k and should be able to reach $42k again, the daily RSI recently rebound indicates that the bullish momentum is increasing once again. it's just time matter, when bitcoin break that mark then it's going to reach $45k and $50k. Alternatively, in case of bitcoin can't hold its position above $40K, we can expect the first level of support at $38k, so whoever wants to purchase bitcoin, can buy it now or wait for a slight pullback to $38k.
Don't forget, make sure they have considered all the risks and don't be greedy. As long as they can afford to lose, anyone can buy bitcoin at any price.I prefer to wait for the price to drop a few thousand dollar before I buy, I don't want to appear in a hurry to buy and this is the recommended way for trader and investor.
~Snip
And if ever we close out this week at $38,000 then for sure we are definitely on the bullish phase again and might target $50,000. Still your choice though, so make it right.
I'm not sure if that will come true, but if it manages to break the $41,950 resistance then there is a chance that bitcoin price will head up to $50K.And if ever we close out this week at $38,000 then for sure we are definitely on the bullish phase again and might target $50,000. Still your choice though, so make it right.
January 14, 2021, 01:14:01 PM
@OP these types of questions is both a yes or no and it all depends on your risk tolerance and what kind of buyer are you. If you are planning to hodl Bitcoin this might not be the right time to buy it, yeah the price of Bitcoin may have temporarily drop and it may look like it is ready for another take off but the risk is still there and you might not really profit at all. If you are a trader and is just planning to profit in a 4-7% price change I think you can go in now and wait for that price action to happen.
I personally think that the future trend of Bitcoin has always been an upward trend. As the ZB.com research report said, the rise is related to the competition among institutions. So as institutions frantically join the Bitcoin market, $34,000 may be just the beginning. I don't need to say more about whether it is appropriate to enter the game now
January 14, 2021, 12:55:27 PM
Bitcoin reclaims $40k and should be able to reach $42k again, the daily RSI recently rebound indicates that the bullish momentum is increasing once again. it's just time matter, when bitcoin break that mark then it's going to reach $45k and $50k. Alternatively, in case of bitcoin can't hold its position above $40K, we can expect the first level of support at $38k, so whoever wants to purchase bitcoin, can buy it now or wait for a slight pullback to $38k.
January 14, 2021, 12:20:51 PM
@OP these types of questions is both a yes or no and it all depends on your risk tolerance and what kind of buyer are you. If you are planning to hodl Bitcoin this might not be the right time to buy it, yeah the price of Bitcoin may have temporarily drop and it may look like it is ready for another take off but the risk is still there and you might not really profit at all. If you are a trader and is just planning to profit in a 4-7% price change I think you can go in now and wait for that price action to happen.
I personally think that the future trend of Bitcoin has always been an upward trend. As the ZB.com research report said, the rise is related to the competition among institutions. So as institutions frantically join the Bitcoin market, $34,000 may be just the beginning. I don't need to say more about whether it is appropriate to enter the game now
January 14, 2021, 05:02:10 AM
The alt coins are almost uniformly just trash. Little innovation, centralized or both. At worst, 90% bitcoin, 10% alts.
What altcoins you talking about? I mean ETH, XLM, XRP after SEC maybe.
invest in 34k and in 1 dollar - different things, you know.
I'm talking about pretty much all of the alt coins - they are centralized either in mining (or equivalent) or in the developers etc. Even ethereum is highly centralized although it is one of the better alts.
I'll say it once and I'll say it again: the market doesn't really care about decentralization. At least, it's not a limit to upside potential. Anyone with a brain can see Ethereum is already highly centralized, and its blockchain bloat is going to make node centralization a serious problem in the future.
Yet, its network effect only grows and grows, and institutions are buying in now too. "Ethereum killer" talk reminds me a lot of "Bitcoin killer" talk several years ago. Not to mention the accumulation incentives being baked in with hybrid POS. It's going to the moon regardless of centralization.
My portfolio will always be heavily weighted towards BTC because it's my savings; it's what I believe in from the perspective of monetary soundness. But others (like ETH) do have more upside potential, in my opinion.
January 14, 2021, 04:20:35 AM
I have long been interested in this topic and am amazed at how ambiguously and interestingly each asset can "behave" and what surprises it can bring to work. And Bitcoin in this category of course can be called a real leader, which really surprises traders every time and really becomes more and more significant in the market and for active traders. And that means that we can definitely keep this on our radar, because it's going to give us many more opportunities to make money. And you should definitely try to do what you have planned, just keep in mind the risks and in any case, even if you are 100% oriented, then you should still allocate for this position the amount that you are used to using, because the market can also surprise us in this situation.
January 14, 2021, 04:14:42 AM
For some reason I also have a feeling that this is far from over and that the potential for upward price movement is still very great. And here, in addition to the interest of traders in this asset and the fact that there are already electronic wallets specifically designed to work with these assets. You can at least rely on the fact that bitcoins are getting smaller every year and it is a familiar shortage of demand, which leads to the fact that the price of this asset periodically rises and creates the strongest levels. I am saddened only by the fact that such ups and downs - this is important from the trading point of view - do not happen that often, and the rest of the time the bitcoin chart looks quite calm.
January 14, 2021, 03:59:02 AM
And just a few years ago, people who bought bitcoins seemed like real crazies and few people even understood what cryptocurrencies are and what prospects it will bring to our trading sessions and to our action plan in the coming years...
And yet some of the traders sold it right away or lost bitcoins by some ridiculous accident. And I can't even imagine what those people are experiencing right now when they see the bitcoin numbers and realize that right now they could be real professionals and quite successful in terms of investing.
But maybe that sends a certain signal that we should be more open to experimentation and to some new solutions...
And yet some of the traders sold it right away or lost bitcoins by some ridiculous accident. And I can't even imagine what those people are experiencing right now when they see the bitcoin numbers and realize that right now they could be real professionals and quite successful in terms of investing.
But maybe that sends a certain signal that we should be more open to experimentation and to some new solutions...
January 13, 2021, 10:27:11 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
Don't ask again next time just do it when your instinct tells you well , Look at it now ? if you did purchase yesterday then for sure now you are accumulating profit because the price exceed to 37,000 again and still climbing.In investing in crypto Chance are always on the spot and the Minute you lurk around first is important if you did invest than letting Minute passes by .
then what more now that you let a day passed on ?
well Learning is needed always so you wont let it happen again next time.
January 13, 2021, 08:29:37 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
We already have a good bounce in the last 24 hours, probably we might close this week $38,000 or above. So I do hope that you have bought when the price is $34,000 because if not then you have miss the perfect opportunity to get it at a discount.
And if ever we close out this week at $38,000 then for sure we are definitely on the bullish phase again and might target $50,000. Still your choice though, so make it right.
January 13, 2021, 06:25:59 PM
@OP these types of questions is both a yes or no and it all depends on your risk tolerance and what kind of buyer are you. If you are planning to hodl Bitcoin this might not be the right time to buy it, yeah the price of Bitcoin may have temporarily drop and it may look like it is ready for another take off but the risk is still there and you might not really profit at all. If you are a trader and is just planning to profit in a 4-7% price change I think you can go in now and wait for that price action to happen.
January 13, 2021, 05:13:57 PM
Judging from a lot of data in the ZB.com research report, the most appropriate way to hold Bitcoin is to hold it for a long time. This will not be affected by short-term price fluctuations, if you can hold it for a long time. If you are a strong believer in Bitcoin, then any time is a good time to enter!
January 13, 2021, 05:23:49 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
At the time of Bitcoin's $34,000 which you have said. but it is $37,300 now, we can see the difference. So each person's views on investment are hard to guess and too mysterious.For some it is difficult to buy at highs, since they have the experience of 2018 when it reached almost $ 2k in $ 20k, but at the moment it is not the same as the situation in 2018, based on the fact that there is a large increase despite the fundamental Covid -19, this means that if the world stabilizes, managing to beat the fundamental, the price that Bitcoin would take will be very stratospheric, so if it is bought right now, what you should do is wait as long as necessary until it rises again .
January 13, 2021, 04:27:37 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
Because of the increasing number of investors in bitcoin for me, we could still consider it as bullish, buying at 34k is a little risky since it's not that deep but I guess it's still worth taking the risk since the number of address who has more than 1k bitcoin has on its ATH so we could easily expect a high market price soon.
The drop in the market price was just because of the miners selling there bitcoin in order to make a profit, Personally, I invested a small volume again and I really think that the market price is gonna pump, and its already in 36k$ which is a good profit already for a short term investment. Would invest a much higher volume if the market price continues to dump and sell for short if the market price pump.
January 13, 2021, 04:17:57 PM
Personally think it is suitable. Recently, I have been reading ZB.com research reports. Bitcoin has been recognized by many authoritative organizations. Financial institutions and celebrities in the investment community have begun to buy Bitcoin in large numbers. The price of Bitcoin will definitely rise in the future. So, when are you not participating now?
True friends, but who can buy bitcoin at such a high price today, other than wholesalers or companies. where they have enough cash reserves and maybe a lot of bitcoin supply too. even though we know that bitcoin will increase in the future, the most we can buy is in the fraction 0.1 / 0.2 etc.During a period like this, people like me clearly prioritize daily needs who are in financial difficulty, if there is a bounty that pays quite well, maybe we can put it aside but also maybe for altcoins and not for bitcoin, so we hope altcoins will increase this year.
January 13, 2021, 04:02:52 PM
Personally think it is suitable. Recently, I have been reading ZB.com research reports. Bitcoin has been recognized by many authoritative organizations. Financial institutions and celebrities in the investment community have begun to buy Bitcoin in large numbers. The price of Bitcoin will definitely rise in the future. So, when are you not participating now?
January 13, 2021, 03:30:42 PM
I am hesitant too because when the bullrun started to hitting new ATH every week i thought that this is the bitcoin chance to grow during this panademic and especialy when whales started investing i thought that the price can hit even 50k but after i was also afraid that when investors got their profits they would sell their BTC and the price would go down again since nothing major happened for bitcoin so i am not sure if its a good idea to buy now.
The odds are that *investors* won't be selling. The companies you see buying it, GBTC etc are buying for the long term, not trading. They are buying because of the long term benefits - protection against inflation, appreciation, protection against seizure, capital controls etc.
The traders on the other hand are buying and selling daily, maybe hourly, maybe quicker. There is place for trading for sure, but there is a big difference between trading and investing. The traders who are buying on the margin and then getting wiped out when it drops to low before rebounding are just compounding the volatility.
If you are hesitant, don't do it because you might get scared when it goes from $40k to $30k in two days and then sell at 30k, and miss the rebound to $36.2k now.
Or just buy 10% now and 10% each week. Sure, you'll miss a run-up if it goes up, but you'll also miss the down if it goes down.
January 13, 2021, 03:23:29 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
34k is too hight and risky to invest. Try to separate, for example 1/3 in BTC, 2/3 ALTS.
The alt coins are almost uniformly just trash. Little innovation, centralized or both. At worst, 90% bitcoin, 10% alts.
As far as bitcoin being "too high" at 34k, people said the same thing at $1, $10, $30, $100, $1000, $2000, $10000, $20000. Really, go back and read the forums. Look at slashdot when it hit dollar parity and then gold parity and the milestones in between. People may still be waiting for it to get "back under $1" (or $100, or $1000). The correct answer is that NO ONE KNOWS.
If you believe in the use cases for bitcoin, of which there are numerous, then the price will be higher in the future. If you don't, then you shouldn't be in any crypto at all. At worst, dollar cost average into your position. Of course if you started that in November or March of 2020, you'd have been better off going all in. No one knows the future though.
Market timing is only luck.
What altcoins you talking about? I mean ETH, XLM, XRP after SEC maybe.
invest in 34k and in 1 dollar - different things, you know.
I'm talking about pretty much all of the alt coins - they are centralized either in mining (or equivalent) or in the developers etc. Even ethereum is highly centralized although it is one of the better alts.
I know 34k and 1 are different, but you can buy $20 worth of bitcoin as easily as $20 worth of something else. You do not have to buy a full bitcoin.
January 13, 2021, 03:19:38 PM
I am hesitant too because when the bullrun started to hitting new ATH every week i thought that this is the bitcoin chance to grow during this panademic and especialy when whales started investing i thought that the price can hit even 50k but after i was also afraid that when investors got their profits they would sell their BTC and the price would go down again since nothing major happened for bitcoin so i am not sure if its a good idea to buy now.
January 13, 2021, 03:06:54 PM
Buy what old time traders are buying now, they are going for altcoins, ethereum, Defi, NFTs, exchange coin of DEX etc. which is consider to be where profit from bitcoin will go now. You might have to do little research on the new coins and old to ascertain the price but at the end of the altseason move to bitcoin. Bitcoin can be held all through season, bull or bear.
January 13, 2021, 02:57:16 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
34k is too hight and risky to invest. Try to separate, for example 1/3 in BTC, 2/3 ALTS.
The alt coins are almost uniformly just trash. Little innovation, centralized or both. At worst, 90% bitcoin, 10% alts.
As far as bitcoin being "too high" at 34k, people said the same thing at $1, $10, $30, $100, $1000, $2000, $10000, $20000. Really, go back and read the forums. Look at slashdot when it hit dollar parity and then gold parity and the milestones in between. People may still be waiting for it to get "back under $1" (or $100, or $1000). The correct answer is that NO ONE KNOWS.
If you believe in the use cases for bitcoin, of which there are numerous, then the price will be higher in the future. If you don't, then you shouldn't be in any crypto at all. At worst, dollar cost average into your position. Of course if you started that in November or March of 2020, you'd have been better off going all in. No one knows the future though.
Market timing is only luck.
What altcoins you talking about? I mean ETH, XLM, XRP after SEC maybe.
invest in 34k and in 1 dollar - different things, you know.
January 13, 2021, 02:49:51 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
34k is too hight and risky to invest. Try to separate, for example 1/3 in BTC, 2/3 ALTS.
The alt coins are almost uniformly just trash. Little innovation, centralized or both. At worst, 90% bitcoin, 10% alts.
As far as bitcoin being "too high" at 34k, people said the same thing at $1, $10, $30, $100, $1000, $2000, $10000, $20000. Really, go back and read the forums. Look at slashdot when it hit dollar parity and then gold parity and the milestones in between. People may still be waiting for it to get "back under $1" (or $100, or $1000). The correct answer is that NO ONE KNOWS.
If you believe in the use cases for bitcoin, of which there are numerous, then the price will be higher in the future. If you don't, then you shouldn't be in any crypto at all. At worst, dollar cost average into your position. Of course if you started that in November or March of 2020, you'd have been better off going all in. No one knows the future though.
Market timing is only luck.
January 13, 2021, 02:28:19 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
34k is too hight and risky to invest. Try to separate, for example 1/3 in BTC, 2/3 ALTS.
January 13, 2021, 02:22:05 PM
$34k is still too high of a price point to buy-in right now, or that's just me. Personally, I still believe that averaging your buys over the course of a few months/years is still the king when it comes to maximizing your investments, although at this point in time there is a high potential for the price to drop even further, even though the market's current sentiment is still skewed on the upsides. If you're in for the long term, buy in @ $34k and forget about your investment for a little while. If you're looking to make some quick buck, then perhaps it'll be a tough call to do unless you're well versed in TA and reading charts. Most traders think that the movement will be on the positive side for the coming weeks, then again nothing's certain about bitcoin's volatility.
January 13, 2021, 01:48:09 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
No one knows. Just remember that every so-called bubble in the past - $1, $10, $30, $100, $1000, $2000, $10000, $20000 - has had pullbacks. However, everyone who bought (or mined) at any of those points has done tremendously. Will that be the case here? Yes, if all the uses for bitcoin continue. However, no one knows that for sure.
I never know what to tell people except that everyone who purchased at any time except a few days ago has done well in fiat terms. I have said the same at $10, $30, $100, $1000, $2000, $10000, $20000.
I see no reason why big companies wouldn't continue to use bitcoin to add stability and performance.
January 13, 2021, 01:46:03 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
Going Solely by the charts and not considering any fundamentals if we see the daily candlestick chart. You will see a moving average crossover happening on the daily chart in which the faster average is intersecting the slower average from above which indicates that a bearish trend is somewhere around the corner. Along with this, you can even see a bearish MACD Crossover on the daily chart. Even though the RSI is now no more in the overbought zone I still feel we are not going to get an immediate pump from here we might see a move downwards from here I think everyone would get a chance to accumulate at around 25K which is the correct point for a retracement after such a big move. So hold your horses don't get into FOMO. Moreover, if we go by technical analysis right point for buying will be above the all-time high as it would indicate a bullish breakout. January 13, 2021, 01:43:58 PM
I am always hesitant to give advice about the Bitcoin price and more so when the price is near the new ATH price, but I want to make an exception now...because I am very bullish about this new ATH price. When the price hit $18 000+ in 2017..I thought it would not go up much higher than that... and it did not.
Now I am thinking that the price might go much higher than $34 000, because it reached $41 000 before and the PayPal thing is not played out yet... so there is still room for a price explosion.
Now I am thinking that the price might go much higher than $34 000, because it reached $41 000 before and the PayPal thing is not played out yet... so there is still room for a price explosion.
January 13, 2021, 01:41:27 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
Bitcoin must have heard you as it's starting to break out again lol.
January 13, 2021, 01:35:42 PM
the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
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