Time to Decide: Are You an Investor or a Gambler? - page 3.

serjent05

legendary

Activity: 2884

Merit: 1258

Quote from: YanBitMoney on May 20, 2021, 03:13:01 AM

That's right, right now, when the price of bitcoin is in such a big decline. If it were me, I'd buy it!

Yes, it is a window to re-enter the market after selling at its peak. This is like buying at a huge discount. I bet after all this FUD and China restriction had passed, Bitcoin will start to recover and probably surge at greater strength. If that happen, then a new ATH isn't far from happening.

isaac_clarke22

sr. member

Activity: 1596

Merit: 264

Quote from: YanBitMoney on May 20, 2021, 03:13:01 AM

~

Yep. It was a great opportunity to buy more. Wished that it stick a little longer around 30k but meh it was bouncing around 35k+.
From that bounce and random surge, it surely felt like whales eating up the panickers' coin or it could be them just inducing fear to some holders to sell their coins so that they can take theirs.

iamsheikhadil

full member

Activity: 1022

Merit: 133

Bitcoin is at dip so definitely it's a very big opportunity to buy right now, no way who's buying now is actually "gambling" lol, because in the end, if you are going to hold on to your coins till you see a profit (which you will, trust me, there has never been a full eternal plummet), then you have successfully made good profit out of a simple trade. It can be considered gambling in sense, if you are putting highly urgent money into it which you can't afford to lose for a limited time, then I would recommend you not to do it because there's no guarantee at all on which side the ball will swing.

Shikha99

newbie

Activity: 24

Merit: 0

Quote from: YanBitMoney on May 20, 2021, 03:13:01 AM

That's right, right now, when the price of bitcoin is in such a big decline. If it were me, I'd buy it!

I'm an investor. I don't see any other role for myself.Bitcoin has dropped from $60k to $40k in a few days and it is truly a black swan in the crypto market.

btcsmlcmnr

full member

Activity: 546

Merit: 159

Quote from: Trixoempire on May 20, 2021, 03:23:01 AM

Is not a big decline. Yesterday was a good decline on 30k. Bitcoin is nearly 100 days moving average and bears control the market now.
This not looks good.

Bears control the market. They don't. After the bloodbath, the dip and several weeks, Bitcoin average indicators will move up and Bitcoin will resume its bull trend. Average indicators need time to calibrate and be back on the trend.

Best things have yet come. Stay tuned and mark my words. I will see you in the end of 2021.

noorammak

member

Activity: 490

Merit: 11

Bitcoin has dropped from $60k to $30k in a few days and it is truly a black swan in the crypto market. It is similar to the Bitcoin price drop from 8k6$ to 4k3$ in March 2020. The opportunity is clear, we just need to buy, the indicators show that the 30k zone is the last best support zone. eventually for Bitcoin to rise again and it is now $40k for Bitcoin.

I am also buying my Bitcoin since last night. The recovery was quite impressive and it was profitable.

ILuckyGuyI

sr. member

Activity: 2030

Merit: 402

I'm not a gambler, I'm just an investor. And I'm more of a HODLer actually. I'd buy more if I didn't miss the opportunity when the price was $30k. Grin

But still I'm thinking of buying some more from this level, $40k.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Who stops you from buying? Do you want others to buy too so you can conform to the norm? See, gambler and investor is different and similar at the same time, the perspective is what matters, you see if you put all your life savings in your investment then you are a gambler and at the same time investor, you are tempting fate because you are putting an all in. But if you are on the safe side, I would probably classify it as an investor.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Trixoempire on May 20, 2021, 03:23:01 AM

Is not a big decline. Yesterday was a good decline on 30k. Bitcoin is nearly 100 days moving average and bears control the market now.
This not looks good.

We have touch $40k today, a good indication that investors and traders are buying. We have like decline more than 50% in the last 7 days or so, but we should be glad to see the price growing again. If everything has settle down, then we should be seeing another leg up.

As for buying in the ~$30k, of course, bitcoin is in a discount so why not take advantage of it, continue to accumulate and then HODL, nothing beats buying in a dip.

Trixoempire

jr. member

Activity: 87

Merit: 1

Is not a big decline. Yesterday was a good decline on 30k. Bitcoin is nearly 100 days moving average and bears control the market now.
This not looks good.

YanBitMoney

jr. member

Activity: 36

Merit: 1

That's right, right now, when the price of bitcoin is in such a big decline. If it were me, I'd buy it!

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