Topic: What is your Average Bitcoin Buying Price? - page 2. (Read 569 times)

I bought bitcoin at 34K but I still have more fund to buy it more. My predictions is the Lowest price of bitcoin at this bearish market is around 20K - 35K. I still waiting the bitcoin price fall again so I can buy more. I think bitcoin price can't fall bellow 20k so once it reach 25k - 20k I will spend all of my fund to do lump sump buying at that price. I think elon musk tweets also made more new people invest in bitcoin so I little bit more careful because if the growing number of bitcoin users is increase abnormally then the way I calculate should be different too.

I will create a new portfolio when the bitcoin price ranges from $20k-$25k, I will probably add assets because I have long determined more than -60% is the target price point, not trading advice because you have to determine the average buy price of bitcoin yourself.

I invested to buy BTC for $15k and when it hit 50k I sold it, now its down $30k I bought it and I leave it at the end of the year I will open my wallet and see its worth. i believe year end BTC price will go back to 60k peak and i don't need to watch up and down value day by day

Let's consider the current very strong support around $30k as the strong support around $6,500 in November 2018 before Bitcoin was dumped to under $3,300. If you go to bed when price is hanging about $6,500 then wake up and see a price below $3,300. It is a nightmare definitely.

But don't feel bad, what happened after December 2018 is a good lesson but crypto market is not for weak hands.

Another lesson is March 2020 when people thought Bitcoin would be dumped more to $1k.

If whales play the same fractal game, price can be dumped to $15k or below $20k. They might do this but I don't bet it will happen and I don't want to miss a discount price around $30k.

Agreed, and despite BTC dropping into the 30K region a couple of times I can't help but think that it would be a good time to buy considering the market is looking relatively strong.
Having bought at under 20K and not have sold yet is obviously not the best, and so I'd have expected a higher vote on the 30K range...

Personally, I do not think there's a average bitcoin buying price. My bitcoin buying price is wholly dependent on the price of bitcoin. If, however, you're talking about the average price of all the time I've bought bitcoin, then I think the average should be below $25k.
For me, as long as I have made my analysis of the market, then any price is a good point to enter the market and make interest.

Started on the same year and made out some investments but somehow i do make out some sell when it hit up some percentage gains and its a bit regrettable but theres no turning back on time now.

When it comes to my buying average price then it wouldnt really be that fix based up on the poll because any price could really be a good entry and since i do always follow TA's

then it would really be on random from time to time.Thing here is that i do have coins allocated for long term and i do have some coins allocated for active trades.

As long as i earn then i would be continuing this kind of behavior.

I personally started in bitcoin since 2015, i was able to make a few satoshis from the internet, but i was only able to actually invest in it in 2017 where i got my hand on my first few paychecks from my job and i was able to save 2k that i  invested immediately in bitcoin, and it proved to be the best investment that i ever made where in the same year bitcoin was able to reach 20k, and ever since that day every extra money that i have goes straight to bitcoin and crypto.

I am not sure about the average bitcoin buying price because, since 2015-2016, I am tried to buy bitcoin every time the price is a dump. But maybe the price will be at $1k- $50k because I think that is my average buying price and in that range, I have so many buying and selling prices. But at this moment, I tried to buy bitcoin from $30k-$34k and sell it if I see the profit.

you made the right decision at that time, and I didn't even know bitcoin at that time. I started buying bitcoin when the price was $5K at that time, and because I was just a beginner, I sold it at $8K, at that time I was psychologically shaken to see the first profit I got, and finally panicked to sell, if only I was able to hold it until now, maybe i can smile big

I am one of those lucky guys, who got Bitcoin at less than $1,000 per coin. I made the purchase in January 2017, when the exchange rates were around $900 per coin. If my memory is correct, then I paid a markup of around 5% in Localbitcoins. So in the end, the purchase price came to around $950 per coin. Back then, I had almost called off the purchase, because 5% commission is a bit too much. But now looking back, I am quite relieved that I went ahead with the trade. Else, it would have been a big loss for me. Anyway, that was the only occasion when I purchased BTC with fiat.

Looks like we are the same, after that I actually don't buy bitcoin anymore. But I doubled it with BTC trading pairs. I sometimes also make it USDT to double it again. But I think it's already different with the intent of this topic.

The holdwave from Glassnode show many bitcoiners are hodling their bitcoin and even they bought at the 2017 All time high, they still have profit, even during the crash from $64k to $29k.

Take dips and do Dollar Cost Averaging.

https://twitter.com/glassnode/status/1414819988762857473

This is quite a knowledge, thanks for sharing this with me.

Also, I strongly believe what Hal said as I posted in one of my posts:

I am on a long journey and getting profits is not what I am here for.
You know what? I might die with all my crypto still in wallets. 

Glad I am part of a revolution.

No problem. Let me give you more of my personal history which others may also share for extra motivation.

The first time I heard about bitcoin was from a close friend who I stupidly ignored. It was back when you could easily mine bitcoin on your PC using your CPU and later with your GPU and get the sweet 50-12.5BTC reward. It was probably somewhere in 2012.
When I started in bitcoin world it was 2014 after the big bubble burst and during the big bear market. I endured a lot of FUD and dumps as I said before price was still going down from about $500 and it went all the way down to $150.

In fact I believe I have lived through one of the biggest bitcoin FUDs to this day which came from a bitcoin core developer called Mike Hearn who outright called bitcoin "dead" as he quit bitcoin. This was 5.5 years ago. The media coverage on this was huge, in comparison the FUD these days talking about China ban or Musk nonsense don't even come close! an article

Long story short all these years I ignored all the FUD and the drama that always circulated the media about bitcoin. I simply looked under the hood, increased my technical knowledge and saw the real potential of bitcoin and the financial sovereignty that it offers which is priceless if you think about it.
This is why I always refer to bitcoin (specially in dips) as cheap or undervalued.

Why be squeamish when you can go much lower than that I mean there's still a chance that bitcoin could go back to 4 figures prices this year even though there's no clear for doing that but we all know that it's possible because of bitcoin's volatility. For me though, I would probably have bitcoin go at any 4 digit figure before I buy because I want to make the most out of my capital because if it ever goes down to that point, I am sure that the surge in prices is going to be much bigger.

I have sub 1,000$ and sub 10,000$ price that I bought Bitcoin in my portfolio. I also bought a lot during the Pandemic when the price is 3,000$ and I'm still gonna hold on it as long as I can. This is a long game game, specially if you are a investors and not a trader and speculator. And I'm sure that those who have bought Bitcoin at a cheap price are not going to sell all their stash in one go. Even at all time high of $64,000, I doubt that there are long term holders who dump it.

Sounds like a plan, pooya.

I am also trying to do something like this however I am little bit late to the party i.e. I have started accumulating BTC from 2020.
I still don't have a complete 1BTC but I am close to my goal

Thanks for motivating.

Buying bitcoin for me is not a one time thing where I dump a lot of money in at a certain price and that would be it. Instead buying bitcoin is a constant operation whenever I get some extra cash that I dump and I have been doing it ever since price was about $400 back in 2014 and continued falling down to $150 and I kept at it until $60k and will continue dumping fiat until bitcoin is $10 million.
Of course I don't only buy bitcoin, I earn it and sometimes it is profit from trading shitcoins. So it is hard for me to come up with an average.

Got some when bitcoin dropped down to $3k before. And if it will gonna go down just below 20k, I will definitely buy some again. And about that forum rank, there is no significant correlation between price buying, etc. It all depends on each member what price do they wanted to buy bitcoin, as long as they know how to make some profit out of it. Then regardless of the price, it will definitely be worth it.