Now the question is if you're able to buy when it was $28k or $29k. Then if you did then you're already taken out your share and took the profits as it recovers.
Topic: This sh*t ain't for the faint of heart! 😭 - page 5. (Read 653 times)
If you just did then you're already ahead and in profit within less than 24 hours. $28k as you've posted and now it's already $32k, that's a real quick profit if you did all in. Since you're a short-term investor as you've said, you've probably had your pay day already without going in a single day.
Now the question is if you're able to buy when it was $28k or $29k. Then if you did then you're already taken out your share and took the profits as it recovers.
Now the question is if you're able to buy when it was $28k or $29k. Then if you did then you're already taken out your share and took the profits as it recovers.
Y'all going in now or what?!
28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
Remember when bitcoin was at 9-10k and no one expected it to go higher, then the same expectation at 16, 19, 28, etc.
Be cautious about going all in on an asset that usually surpasses everyone's expectations in both directions.
Depends on what your trading strategy is.
Are you going in long term, short term or Just day trading.
For Long term you need a lot of patience. One can buy even right now but they best time would be a complete bear market dip or what they call the bottom and be ready to wait for 4 years plus just incase the bear market goes on for so long.
Short term, very risky right now, Price might drop further to even $20K
Day trading (spot market) - decision should have been made to buy in the afternoon when it touched $28K and maybe take profits right now.
Are you going in long term, short term or Just day trading.
For Long term you need a lot of patience. One can buy even right now but they best time would be a complete bear market dip or what they call the bottom and be ready to wait for 4 years plus just incase the bear market goes on for so long.
Short term, very risky right now, Price might drop further to even $20K
Day trading (spot market) - decision should have been made to buy in the afternoon when it touched $28K and maybe take profits right now.
Y'all going in now or what?!
28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
I want to buy more BTC but first I need a new wallet. My plan is to take half of my June salary and invest it at the end of the month. Would be nice if the price could stick around $25-30k. It might be going down more in the next few weeks, but long term the trend is upwards. Going all in is a bit risky in my opinion, better to split the money into BTC and some alt coins to lower the risk profile.
-snip-
True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at
As a trader, you have it even easier in the current market sentiment, you can bet on both falling and rising prices. For long term hedgers, the only advantage of falling rates is that you get more BTC for your USD. True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at
As a trader, I would not rely on the statements here in the forum, but I would set up a handful of indicators that you trust. Currently, for example, the Crypto Fear & Greed Index is extremely far down, which can be a sign that the price will soon turn up again:
https://alternative.me/crypto/fear-and-greed-index/
There's a reason why the dollar-cost averaging[1] strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.
and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now.
[1] https://dcabtc.com/
and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now.
[1] https://dcabtc.com/
True true my friend. But I'm in it for the profits and from the perspective of a trader, not a long term investor. Considering that, what else would I be looking at
There's a reason why the dollar-cost averaging[1] strategy is one of the most recommended buying strategies not only for bitcoin, but for investing in general. So people would buy just buy consistently despite what the market sentiment is.
and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now.
[1] https://dcabtc.com/
and to prevent people from emotional and impulsive buying, like what you're most probably feeling right now.
[1] https://dcabtc.com/
Y'all going in now or what?!
28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
28k was a good price to go in, relative to where it is now. Meaning, you know it was good when you've long passed it and you're looking down at it. But what'ch'y'all think? Still a good time? Tempted to go all in, not gonna lie.
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