Topic: Time to buy - page 2. (Read 613 times)
This experienced you have shared is an eye opener for some of us that has just come into cryptocurrencies and did not know about it until 2016. I am holding my bitcoin and some other tokens that I have invested in. Hopefully, by 2020 it will be something that will put me among the rich.
In my experience, there is no point in trying to convince people to buy bitcoin at any price, the will ALWAYS be waiting for a better entry point. This is what happened after MtGox collapsed and so did the price, at some point I started telling people to start considering, at least considering buying, and im talking about $300 range price which was near the bottom. The price was on that range for a long time and none of them were interested in buying. People always become interested when everyone else is already FOMOing back. People that buy during these periods of post-crash FUD are the ones that become rich long term, most people simply aren't cut to to be able to see a good buy when the price has collapsed, they just assume "it's dead", no matter how many times they get proven wrong.
I remember when the price of bitcoin was around $3000 in August 2017, people were wondering to invest or not and then we saw a big pump in the price and those who bought bitcoin on that price made thousands of dollars against each bitcoin. If you what to invest in bitcoin, don’t waste your time and go ahead to buy bitcoin today. Don’t lose this opportunity. 
The sooner the better, I think. Maybe if you are a miner you don’t think the same.
why not? last time the halving happened on 2016-7-9 that meant price started rising about 1-1.5 months before it and went from $430 to $780 (81% rise) so 1 month of higher profit for the existing miners was the first result.
then after the correction of that bubble the price reached $800+ in about 5 months which means their profit went back to normal with half the reward.
i suspect he's thinking about miners' long term perspective. any miner should prefer 2x the mining rewards than 2x the price---because miners are investors. they're investing in mining hardware because they expect far more than a simple 2x on their investment.
the majority of bitcoins are already mined out. so it's an all-out arms race for miners....
The sooner the better, I think. Maybe if you are a miner you don’t think the same.
why not? last time the halving happened on 2016-7-9 that meant price started rising about 1-1.5 months before it and went from $430 to $780 (81% rise) so 1 month of higher profit for the existing miners was the first result.
then after the correction of that bubble the price reached $800+ in about 5 months which means their profit went back to normal with half the reward.
Is really the best time to buy Bitcoin and if anyone is still waiting for a better entry point they may end up waiting in vain because there may not be better time than now. Although anything can happen in crypto currency market but it will be wise to invest some part your money and wait if ever there will be a better entry point.
I agree that the price of bitcoin is now at a minimum and buy coins now it will be most profitable. But no one knows how long the price will stay in place. Many users not having long money will prefer to earn less but within a short time. They want a quick profit to pay off the debt and keep the profit. For all hodlers its time to buy but for day traders they are waiting for a breakout over 7k.
For me its time to hodl and buy more from price drops. i hope we are going to hit 20k again.
probably because it's been awhile now since the market is suffering, and perhaps behind this small pump there will be a massive improvement again , so we must buy early as we can to don't miss the train 'cause fo sure it will rebound suddenly again . For me its time to hodl and buy more from price drops. i hope we are going to hit 20k again.
Is really the best time to buy Bitcoin and if anyone is still waiting for a better entry point they may end up waiting in vain because there may not be better time than now. Although anything can happen in crypto currency market but it will be wise to invest some part your money and wait if ever there will be a better entry point.
Some even asked how to use Bitmex or Bitfinex to short. They basically want BTC to go to $1000 so they can recoup some of their losses.
Basically they will lose money going both directions. Due to greed and emotion.
Basically they will lose money going both directions. Due to greed and emotion.
that's why most people are losing traders---they buy the top and sell the bottom. it's just human nature. at the lows, they think "it's dead." during the bubble, they wait because they want so badly to be right. then at the highs, they think "new paradigm" and buy the top. then they're too stubborn to sell/short when it crashes; they wait to sell the bottom.
as much hate as the asset bubble chart gets around here, it's pretty accurate if you see it as a cyclical kind of thing.
Yeah, it's really the crowd that moves the price, rather than the whales as the most convenient reasoning. Whales and manipulators - if they truly exist - set things in motion, but it's really the mainstream sentiment that are the self-fulfilling actions for the prophecies proposed. And even though the logic has already been identified that the best time to buy is when everyone thinks "it's dead" and the best time to sell is when everyone thinks "it's mooning", human nature takes over.
I also agree with the bubble reference, but only with its cyclical connotation rather than a single devastating event.
I actually like fear in the market. Shorting at the right moment makes me the best profits, which is that I can buy back Bitcoin at far lower levels. An increasing price is meaningless to me since I don't care about fiat value. I just want to see my Bitcoin quantity keep swelling throughout the years, and these corrections are the best possible outcome to accomplish that.
Smart retail traders are accumulating around current levels, where I think that the more professional bobos will prefer to wait for their chart to lick their ass and make them comfortable to start buying. As long as you average your buys on the way down you'll be doing well. It requires some patience, but patience in this market pays off.
Smart retail traders are accumulating around current levels, where I think that the more professional bobos will prefer to wait for their chart to lick their ass and make them comfortable to start buying. As long as you average your buys on the way down you'll be doing well. It requires some patience, but patience in this market pays off.
I totally agree. If you know when to short, even with small scalps and a decent position size, there's so much money you can make right now. The profits when shorting are coming much faster than going long. For a bear the actual is a blessing.
And I also agree that it is all about accumulating more and more Bitcoin. Crypto winter is the time where we have to do that. Then when the next bull run starts you can lay back and watch Bitcoin going moon.
For all hodlers its time to buy but for day traders they are waiting for a breakout over 7k.
For me its time to hodl and buy more from price drops. i hope we are going to hit 20k again.
For me its time to hodl and buy more from price drops. i hope we are going to hit 20k again.
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I find this post quite interesting, and I agree with most of what has been said. Just a couple of comments:
Next halving will happen about the end of May, 2020, not 2021:
https://www.bitcoinblockhalf.com/
The sooner the better, I think. Maybe if you are a miner you don’t think the same.
I agree that now is a very good time to buy, it might go lower but if you are in for the long term, the clear buy signal is how pessimistic people are.
I earn bitcoin through my signature campaign, I don’t buy it, and I keep accumulating. But when it was at around $15,000 I spent a little bit of it. Now I keep accumulating and when I see that it surpasses the $20,000 mark I’ll spend some again, while keeping accumulating.
Just do the opposite that the herd do, and you will be well-off.
Give it until around 6-12 months after the next halving so mid 2021 & you’ll talking about probably seeing $50,000 for 1 bitcoin.
Does anybody have a little comparison chart on-hand that shows the price of bitcoin around/during block-halving? I feel like block-halving has consistently been a skyrocketing time for the price of Bitcoin. Next halving will happen about the end of May, 2020, not 2021:
https://www.bitcoinblockhalf.com/
The sooner the better, I think. Maybe if you are a miner you don’t think the same.
I agree that now is a very good time to buy, it might go lower but if you are in for the long term, the clear buy signal is how pessimistic people are.
I earn bitcoin through my signature campaign, I don’t buy it, and I keep accumulating. But when it was at around $15,000 I spent a little bit of it. Now I keep accumulating and when I see that it surpasses the $20,000 mark I’ll spend some again, while keeping accumulating.
Just do the opposite that the herd do, and you will be well-off.
Some even asked how to use Bitmex or Bitfinex to short. They basically want BTC to go to $1000 so they can recoup some of their losses.
Basically they will lose money going both directions. Due to greed and emotion.
Basically they will lose money going both directions. Due to greed and emotion.
that's why most people are losing traders---they buy the top and sell the bottom. it's just human nature. at the lows, they think "it's dead." during the bubble, they wait because they want so badly to be right. then at the highs, they think "new paradigm" and buy the top. then they're too stubborn to sell/short when it crashes; they wait to sell the bottom.
as much hate as the asset bubble chart gets around here, it's pretty accurate if you see it as a cyclical kind of thing.
the "bubble" chart that people love to post here doesn't get hate, the people posting it are the focus of that hate because they have always been posting it out at an irrelevant time and repeating it all the way up until it came true. like a broken clock that is eventually right twice a day!
for example last year when price reached $1000 and broke it for the first time this chart started being posted and they were calling that the top of the bubble and continued being posted until $20k ... and what do you know eventually they were right!
For a hodler like me it's always time to buy, but there are certain situations where I prefer to not buy, and bull runs and empty pumps are one of them. Dollar cost averaging is my way of dealing with the market.
I use a fixed amount of fiat to buy one or twice a month at any (non bull run or pump) price. I have been doing that for a longer while now and I can only be happy with current levels. My average has dropped significantly.
I hope the price keeps hovering within the $6000-$7000 range for a longer while as that will allow me to get the most out of this opportunity. The sellers will run out of resources and from that point it will be up up up.
I use a fixed amount of fiat to buy one or twice a month at any (non bull run or pump) price. I have been doing that for a longer while now and I can only be happy with current levels. My average has dropped significantly.
I hope the price keeps hovering within the $6000-$7000 range for a longer while as that will allow me to get the most out of this opportunity. The sellers will run out of resources and from that point it will be up up up.
Me too. I keep buying when i see it is cheap and reasonable. No matter where market is going
Actually the time to buy thing should've been yesterday when bitcoin got as low as $5,800
The few % difference won't make you lose anything if you just hold your coins for a couple of years. People shouldn't focus that much on the details -- you just need to make sure that you enter the market and firmly hold through and not get distracted by all the fud and nonsense cycles we're going through. I have started to buy coins over $10,000 on the way down and it's all fine. I know that we eventually will break another all time high, and then another, and then another. We haven't even seen 5% of Bitcoin's potential yet. The only thing that we have to do is hold. It doesn't require any effort or knowledge, just hold for you life, lol.
Has anybody else regretted their decision to liquidate a large amount of BTC back in the day, been discouraged by those close to you in regards to BTC, or have any thoughts on my million-dollar lesson?
It's not that large amount of bitcoin for me but its a decent amount and I did regret letting go of my bitcoin years ago investing it in HYIPs and gambling some of it. If I hold it then I should have already been financially free but unfortunately, I am still a noob about bitcoin during that time and I didn't think it would be worth that much today. I learned my lesson then and because of that HYIPs, I found this forum and has a chance to earn again the amount that I lost. Although I wasn't able to get back what I lost in those activities, I am slowly getting there.
For a hodler like me it's always time to buy, but there are certain situations where I prefer to not buy, and bull runs and empty pumps are one of them. Dollar cost averaging is my way of dealing with the market.
I use a fixed amount of fiat to buy one or twice a month at any (non bull run or pump) price. I have been doing that for a longer while now and I can only be happy with current levels. My average has dropped significantly.
I hope the price keeps hovering within the $6000-$7000 range for a longer while as that will allow me to get the most out of this opportunity. The sellers will run out of resources and from that point it will be up up up.
I have the same investment pattern, once a month I really separate some part of my salary and put it into bitcoin so the price will average. The market is pumping again, and if you are new investors you're a little bit late during the dump weeks so better to wait a little more weeks to confirm if its the a real bull run or another bull trap. Invest anytime as long as you know what you are doing. I use a fixed amount of fiat to buy one or twice a month at any (non bull run or pump) price. I have been doing that for a longer while now and I can only be happy with current levels. My average has dropped significantly.
I hope the price keeps hovering within the $6000-$7000 range for a longer while as that will allow me to get the most out of this opportunity. The sellers will run out of resources and from that point it will be up up up.
For a hodler like me it's always time to buy, but there are certain situations where I prefer to not buy, and bull runs and empty pumps are one of them. Dollar cost averaging is my way of dealing with the market.
I use a fixed amount of fiat to buy one or twice a month at any (non bull run or pump) price. I have been doing that for a longer while now and I can only be happy with current levels. My average has dropped significantly.
I hope the price keeps hovering within the $6000-$7000 range for a longer while as that will allow me to get the most out of this opportunity. The sellers will run out of resources and from that point it will be up up up.
I use a fixed amount of fiat to buy one or twice a month at any (non bull run or pump) price. I have been doing that for a longer while now and I can only be happy with current levels. My average has dropped significantly.
I hope the price keeps hovering within the $6000-$7000 range for a longer while as that will allow me to get the most out of this opportunity. The sellers will run out of resources and from that point it will be up up up.
Some even asked how to use Bitmex or Bitfinex to short. They basically want BTC to go to $1000 so they can recoup some of their losses.
Basically they will lose money going both directions. Due to greed and emotion.
Basically they will lose money going both directions. Due to greed and emotion.
that's why most people are losing traders---they buy the top and sell the bottom. it's just human nature. at the lows, they think "it's dead." during the bubble, they wait because they want so badly to be right. then at the highs, they think "new paradigm" and buy the top. then they're too stubborn to sell/short when it crashes; they wait to sell the bottom.
as much hate as the asset bubble chart gets around here, it's pretty accurate if you see it as a cyclical kind of thing.
It suggests that it's already a human nature. It's hard to get rid of such fact as it's a primary reaction of a person to panic when the price is going low day by day. And think of buying when the price is high. It's irony indeed. The wise resort is to set aside the emotion from doing all the work. Let the intellect do instead.
Some even asked how to use Bitmex or Bitfinex to short. They basically want BTC to go to $1000 so they can recoup some of their losses.
Basically they will lose money going both directions. Due to greed and emotion.
Basically they will lose money going both directions. Due to greed and emotion.
that's why most people are losing traders---they buy the top and sell the bottom. it's just human nature. at the lows, they think "it's dead." during the bubble, they wait because they want so badly to be right. then at the highs, they think "new paradigm" and buy the top. then they're too stubborn to sell/short when it crashes; they wait to sell the bottom.
as much hate as the asset bubble chart gets around here, it's pretty accurate if you see it as a cyclical kind of thing.
Basically I told everybody years ago to buy BTC. I told them it has a good chance of hitting $1000 again back in 2015. They didn't believe me and bought stocks instead.
Then when it hit like $9000, they said that $10000 will be the peak and it will drop and when it goes back to $1000 they will buy. Instead $10000 broke and they all bought at $15K thinking that $20K will break and they all took a loss recently at the $6000 area all calling Bitcoin a pump and dump scam.
Some even asked how to use Bitmex or Bitfinex to short. They basically want BTC to go to $1000 so they can recoup some of their losses.
Basically they will lose money going both directions. Due to greed and emotion.
Then when it hit like $9000, they said that $10000 will be the peak and it will drop and when it goes back to $1000 they will buy. Instead $10000 broke and they all bought at $15K thinking that $20K will break and they all took a loss recently at the $6000 area all calling Bitcoin a pump and dump scam.
Some even asked how to use Bitmex or Bitfinex to short. They basically want BTC to go to $1000 so they can recoup some of their losses.
Basically they will lose money going both directions. Due to greed and emotion.
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