Time to buy Bitcoin? - page 8. | Bitcointalksearch.org

The Sceptical Chymist

legendary

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Quote from: plainsight on September 26, 2019, 06:49:03 AM

Fear and Greed sentiment indicator is showing a lot of fear....

Yep, which is why there's been so much selling as of late. Not sure what the fear is about, but there's been a lot of talk on the forum about an impending financial crisis and so forth, so perhaps the big-money players know something the rest of us don't. And precious metals have been inching upward, which is usually a sign that bad times are coming.

But despite that, it could just be the usual volatility for bitcoin--this has *only* been about a 20% drop we've seen, though it did happen very quickly. It could have been worse and might yet be, but none of us know. I do think bitcoin is going to rebound, however, and I also think this is an excellent buying opportunity for those who have strong stomachs. I've done all the buying I'm going to do for a while, and it hasn't been that much. But I do believe in bitcoin and think it'll get back above $10k fairly soon. For now I'm just hodling.

Quote from: legendster on September 29, 2019, 04:54:45 AM

I am a big advocate of monthly SIPs but it is important to remember, even if you invest in a SIP format, your investment won't be safe in the crypto market for long.

In crypto? I'm familiar with SIPs in the stock market but not with bitcoin--I'm sure you can do it, but man....you have to have some serious risk tolerance to do that, and it would help if you're young and can recover if you lose everything.

CheapSocialHits

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The best time to buy bitcoin is always yesterday,

Ferris419

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Bitcoin at a low price obviously the best time for buying. But is it the low price? No one can ensure you what gonna happen in crypto in the next morning. If you feel this is a good time, then buy now. Don't make a quick decision about investment and forget about quick profit at this current situation. If you feel you can hold Bitcoin for a long time, whatever happens, you don't care, then buy now. Soon or later, you will get a good output.

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Quote from: darewaller on September 29, 2019, 03:09:50 AM

I have always supported the method of keep buying the more money you have every x time period instead of going all in all at once.

If you spend $10k all at once then you may end up losing money (you can profit as well) but if you just spend $1k each month for 10 months you can have a decent average, doesn't matter if it goes up or down, you will be closer to whatever the price is right now compared to person who got all in. That is why I keep making bitcoins all the time and spending some of it and saving some of it every single month, I had times where I cashed out at $20k, I had times where I cashed out at $3k, I had times I got paid at $20k, I got times I got paid in $3k.

Hence, it makes like a decent average where you are never too far away from the most recent price.

I am a big advocate of monthly SIPs but it is important to remember, even if you invest in a SIP format, your investment won't be safe in the crypto market for long. Especially due to the heavy swings that comes with this space. So there is no alternative, at least in my mind, other than being an active investor, moving your funds around from one asset to another. A successful trader manages his money, or hires someone to manage his money in exactly the same fashion.

And this is not only limited to traders, many wealthy European and middle eastern households frequently employ these money management consultancy firms to handle and safeguard huge fortune that might have been accumulated over centuries.

darewaller

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I have always supported the method of keep buying the more money you have every x time period instead of going all in all at once.

If you spend $10k all at once then you may end up losing money (you can profit as well) but if you just spend $1k each month for 10 months you can have a decent average, doesn't matter if it goes up or down, you will be closer to whatever the price is right now compared to person who got all in. That is why I keep making bitcoins all the time and spending some of it and saving some of it every single month, I had times where I cashed out at $20k, I had times where I cashed out at $3k, I had times I got paid at $20k, I got times I got paid in $3k.

Hence, it makes like a decent average where you are never too far away from the most recent price.

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Quote from: tukagero on September 26, 2019, 09:13:22 AM

Seems like bitcoin will go down hard before it goes up to 20k. Maybe some people are waiting for the $7000 price before they buy and hold till the last month of the year.

I agree with you that it's hard to reach the price of 20000$ and many people scared that bitcoin might fall again and it may hit the price of 5000$ or 7000$. And, if this thing happens we many people will use this time to buy. Few days left till the last quarter of the year and we know that the last quarter is the most waiting quarter of the year where we can see a green market and the huge price of different cryptocurrency. I would rather to use this time to buy bitcoin than keep my money in my wallet.

J1mb0

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No one can know the exact time to buy and sell Bitcoin. If you think it is good to buy bitcoin now, buy it. Never invest based on other people's advice.

susila_bai

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If you ask me then anytime is a good time to buy bitcoin. when ever their is downfall i use to start buying and sell on increase this is the way i am doing trading. If you see the news then you will fall for their scam as they are not totally reliable. Do your own research and trade.

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Quote from: 1Referee on September 28, 2019, 06:11:49 AM

Quote from: Reid on September 27, 2019, 11:34:27 PM

The last ATH was at December 2017 where it fluctuates until almost 20k. That is where they made the wrong decision to ride the wave of FOMO's.

The funny part about that bull run was that it didn't really feel like such.

Early 2017 people got excited for a while about the pumps, but then they started to get used to the increases and considered it to be normal. It felt more like the price was trending up instead of a bubble that was forming to pop in people's faces. Right now we look back and say ahhhhh, what a bubble that was and that we should have known better, but you can't really blame people for not spotting it beforehand.

The interesting part was that the demand for Bitcoin didn't just come from spot buyers looking to hold Bitcoin, but spot buyers buying up Bitcoin to invest in ICO's. In other words, a double stream of insane demand that drove the price up to levels people would expect to see somewhere in 2020 after the block halving.

that is the case with all prolonged trends, certain people get stuck in them. they always end up feeling it is the "normal" to see price rise every day each time we have a long period of bull runs near the end of the bubble cycle. that is why so many are always surprised when the bubble burst occurs and they no longer see every day rises for a long time.
it works both ways too, similarly we saw this year that everyone though going down was the "normal" and it should continue.

as for ICOs did people really buy "bitcoin" to invest in ICOs or were they buying ETH to invest in ICOs? i remember it was the later!

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Quote from: plainsight on September 26, 2019, 06:49:03 AM

Recent article "Is it time to Buy Bitcoin?" here: https://www.cryptofish.com/blog/is-now-the-time-to-buy-bitcoin/ so supposedly the 200 Day average may hold up price? then again, we are below the 200ema so maybe not. Fear and Greed sentiment indicator is showing a lot of fear....

And that's why bitcoin can bring profit. Not knowing when to buy bitcoin or not is the challenge that the world gives us and when you manage to time yourself at the correct moment, then that's what can give you profit. That's pretty much how investing goes after all. Even if you do thousands and thousands of research, it still doesn't guarantee a 100% guarantee that you can profit from that investment. It's a mixture of luck and timing in the end. Of course, if you fear that you may make a mistake, then progress would never follow so I'd rather invest than get swallowed up by fear. If you can just invest when you trust is the right time. I would suppose it's around mid-October is the best time probably? The recent launch of Bakkt would also push BTC up but it wouldn't produce results right away so I suggest waiting for a few more days before buying BTC.

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Quote from: plainsight on September 26, 2019, 06:49:03 AM

Recent article "Is it time to Buy Bitcoin?" here: https://www.cryptofish.com/blog/is-now-the-time-to-buy-bitcoin/ so supposedly the 200 Day average may hold up price? then again, we are below the 200ema so maybe not. Fear and Greed sentiment indicator is showing a lot of fear....

Fear is your best opponent in investing here in cryptocurrency,because if you can see the price from each time surely you will be afraid and sell eve in losses

Buy whenever you feels having amount that affordable to lose ,so whatever happens at least you are ready whichever happens

Small amount each time is enough ,and don’t sell your house just to buy crypto lol

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Quote from: BitcoinPanther on September 28, 2019, 05:14:34 PM

Looking at the prediction of a possible $16k this October, I think it is time to buy Bitcoin. If you have the luxury of spending money and not retrieving it anytime soon then I guess the current Bitcoin price gives a good discount. We all know Bitcoin is not "a sprint but rather a marathon."

Indeed Bitcoin will experience an increase in October but I don't guarantee it will reach $ 16k far from reality, which is clear the day we buy bitcoin and the right time to sell is October.

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Quote from: BitcoinPanther on September 28, 2019, 05:14:34 PM

Looking at the prediction of a possible $16k this October, I think it is time to buy Bitcoin. If you have the luxury of spending money and not retrieving it anytime soon then I guess the current Bitcoin price gives a good discount. We all know Bitcoin is not "a sprint but rather a marathon."

The prediction is too big but the fluctuating Bitcoin could become reality, rumors will always be there, there will always be theories that speak. it's just that, funds to buy bitcoin that does not exist. LOL

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Looking at the prediction of a possible $16k this October, I think it is time to buy Bitcoin. If you have the luxury of spending money and not retrieving it anytime soon then I guess the current Bitcoin price gives a good discount. We all know Bitcoin is not "a sprint but rather a marathon."

legendster

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"Bitcoin has been described as an undeniable form of wealth with an irrefutable book of records" you can quote me if you like. And this is my way of looking at Bitcoin these days. No matter its price, this reality will not change. So.. yes, if you ask me. Any time you can afford it, is the right time to buy Bitcoins.

I would like to get into the nitty-gritty of the current market situations vs what you should do and shouldn't. But that'd be a colossal waste of time as signature spammers will bury my text anyways..

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Quote from: mk4 on September 26, 2019, 07:24:21 AM

News flash: No one knows when exactly the best time to buy.

If you have followed the Bitcoin price since the year 2018 you will see that now is one of the good time to buy bitcoin because from what we have seen so far one can come to conclusion that Bitcoin is more stable above $10,000 as compared to the current $8k to $9k. If you have that at the back of your mind you will believe with me that it is a good time to buy Bitcoin at the current market price awaiting the next move to $10,000 and above in the next couple of weeks to come.

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Quote from: ajqjjj on September 28, 2019, 06:25:49 AM

Quote from: rizkyrz on September 28, 2019, 04:14:17 AM

however the situation will always be there are articles or media that preach when the right moment to buy bitcoin. even though, not everything reported was true.
we have our own authority to determine when the right time to buy and sell.

Exactly everyone think like that, But current market is massive dump so some investors are move to USD. Once It will start pump in the market again everyone invest the Bitcoin. This is the right time to invest Bitcoin because again all the coins are moving forward so some big investor is enter in the market. We don't predict the exact hype and fall so we must carefully invest our desire platform.

Yup! I also consider this moment is the time to buy bitcoin for investment, we also have to ensure that the money we invest will not disrupt our daily economy.

ajqjjj

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Quote from: rizkyrz on September 28, 2019, 04:14:17 AM

however the situation will always be there are articles or media that preach when the right moment to buy bitcoin. even though, not everything reported was true.
we have our own authority to determine when the right time to buy and sell.

Exactly everyone think like that, But current market is massive dump so some investors are move to USD. Once It will start pump in the market again everyone invest the Bitcoin. This is the right time to invest Bitcoin because again all the coins are moving forward so some big investor is enter in the market. We don't predict the exact hype and fall so we must carefully invest our desire platform.

Murat

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Maybe or maybe not. With Bitcoin, TA doesn't work. Supply of Bitcoin is too low and the use of bitcoin increasing every day. So buying Bitcoin for the long term is always +EV. But if you want to Buy Bitcoin for short term like 1-2 years I would say $4000-4500 is a good entry point. The recent problem with the Bitcoin market is Manipulation and no clear regularity. You have to be very careful with your trading action most of us make mistakes as they trade with emotion. In the end, I would wait for a good entry point. Also, don't invest in crypto if you can't take the stress/drama/risk. Bitcoin Price may go down/up to $2000 in one night. We may see ATH again this year but who knows!

1Referee

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Quote from: Reid on September 27, 2019, 11:34:27 PM

The last ATH was at December 2017 where it fluctuates until almost 20k. That is where they made the wrong decision to ride the wave of FOMO's.

The funny part about that bull run was that it didn't really feel like such.

Early 2017 people got excited for a while about the pumps, but then they started to get used to the increases and considered it to be normal. It felt more like the price was trending up instead of a bubble that was forming to pop in people's faces. Right now we look back and say ahhhhh, what a bubble that was and that we should have known better, but you can't really blame people for not spotting it beforehand.

The interesting part was that the demand for Bitcoin didn't just come from spot buyers looking to hold Bitcoin, but spot buyers buying up Bitcoin to invest in ICO's. In other words, a double stream of insane demand that drove the price up to levels people would expect to see somewhere in 2020 after the block halving.

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