Topic: What is your fill the bag Bitcoin price? - page 3. (Read 931 times)

For me everything below 50% is an opportunity. I don't look for total bottom because most of us will never be able to predict that. All we can do is choose a level we're comfortable with and be patient afterwards. People who keep searching for the bottom are the ones paying huge exchange fees for buying and selling just to be that 2% closer to the bottom not realizing how much they're losing in the process. I started buying at 35k and kept buying until 29k where I run out of fiat money. I feel comfortable holding this even if we fell lower and I can wait until the next halving.

My minimum target price is $100k. If we won't reach it in 3 years I'll probably rethink my strategy.

How random will that be and what are the criteria for making that decision, jumping in look like a bad idea but getting in when the market is down seem to be the best choice.

Bitcoin accumulation price would vary and this do depends on;

1. Technical analysis patterns
2. Sudden Fundamental changes
3. Own preference or intuition on getting in

When accumulating cheap bitcoins on specific price then its up to you on when you would be doing so.
So everything would be totally in random i would say.

47k is only just above the yearly average, thats what makes it hard to label as totally wrong.  For that period of over a year now it was fairly reasonable, its impossible for us to judge whether it was correct for you as an induvial because it depends on your income, savings and various portfolio considerations.  I hope people dont buy too much within just one year for this reason, we can see years the price is not the best value and its fine if you didnt want that back for at least five years you are probably fine but avoid over extending yourself ever really.

  Fill your bags suggests too much of a gamble but the market collectively will swing over to a buy at certain points, the being like an old fashioned measuring scales its a careful balance and at the lowest prices the sellers will dry up as nobody considers it a reasonable price.    Then we have buyers in control and market launches itself on another bullish period for however long.
  BTC moves so fast upwards its hard to call out, I do think we spend this whole year in reappraisal of previous price action.   Its not nearly so negative as it appears, we just fell out of the sunlight and it feels colder now but nothing much drastically changed from what I've seen.  

If OP wants a quick rough measure, 50 day average marks the bedrock of a medium term good bullish move.   When above the 50 day average market regularly finds itself positively resolving upwards.  When 2021 start we lost that, it was tested and marked the highs then we went lower.  Probably now also its reasonable to watch, 50 day average is a good target upside and till its become the ground we walk on presume market remains challenged and not bullish medium term.

Without a doubt the average price at which you bought your bitcoin is on the high side, however if you can keep taking advantage of the low price we are seeing at the moment then you can lower that price so it can reach the high thirties, and if you do then the time it will take you to at least breakeven will be reduced by a significant margin, however all of this will depend on whether or not you have some cash available which you can use to invest in bitcoin right now.

If you bought bitcoin 10 days ago, it looks like the price of bitcoin could have gone up in the past few days or hours so if you sell it at that time, you can make a hefty profit. But if you didn't sell it a while ago and still want to hold it until the price is at the $47k level, that's also okay but we don't know when the price will increase again. With bitcoin's current price at $29k, you can add more bitcoins by buying them and holding them for a while. But be careful for the downtrend in the weekend that usually happens and I hope you will not panic.

The last time I bought bitcoin was about 10 days ago when the price was around $28k, but of all the bitcoins I've ever bought and still keep the average price is around $47600, of course if I sell now I'm losing a lot, but I have big goals namely hold for the long term.

19k ?  am not sure where did you get that Idea mate but I'm not sure this going to happen , yeah the price might fall down below the level now even eyeing to drop down at least 23k , but 19k? this is a desperate position for Bitcoin Holder who wanted to see the strong support in this dumping season.

but of course that is a perfect positioning for those who are seeking for added holding , those whi has extra funds to re invest this season.

Wait Wait Wait, Where did you get this part? who says bitcoin price reached 80? because as what I understand ? Bitcoin ATH is only 68k so I am wondering where did you learn this one.

you are making this hard to understand when your pointing to Buying LOW , Selling HIGH . that is one of the great decision and strategy we most experienced .

but have you sold at 30K? because if not then you will not consider that as profit mate because any moment now the price will fall more than than in which seeing to be 25k or  below .
well I think you are wrong because if what you said have bought at 28k and yesterday the price climbed at 31k then you already profited 10 percent in which you should have earned it now.

$19k
I see bitcoin can fall till 19k maybe it will take time but i am waiting for it. The reason is, CME gap that needs to be filled

Pro tip:
Always buy with your extra money, as we know bitcoin will break its all time high again but no one knows when. So play with extra money so that you hold comfortably if it takes years.

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Yeah, a common man can buy bitcoin from his savings every week or every month to increase his bitcoins.

I believe that anything under 25k would be fill the bag time for sure, I am doing it right now anyway but that is mainly because I do not feel that the price would go down under 25k, if I knew that there was a possibility that the price would hit under 25k then I would wait and fill the bag there.

At under 10k from now on, that is like "sell your house and buy bitcoin" levels for me, I know that it would be an idiotic move to do that, but if it ever goes under 10k that would be what my thinking be like (not like my wife allow that lol) so under 25k is get in with all you got, and I mean like ALL you got, sell some stuff and use the money to get in levels of greatness.

15K - 20K is way too low a price and i do not think that bitcoin can reach that far below. What if you place your orders at those prices and our orders never get filled. Whenever you need to do a dollar cost average you need to buy some at the near support level (which is 28-30K) so that you have some orders filled. Waiting for too low price may keep you out of the race.

Its relative to context at that time to really be sure, to blindly state a price now would be a gamble.   Generally you should not sell the farm to take a bet on crypto or just about anything else especially if you are responsible for looking after others.    Dollar has no fixed value in the main basis to go on, if you perceive dollar underlying value declines further and also BTC is nominally lower then its a double negative hence a reason it might rise but I think the best prices appear in the middle of a sandstorm when nothing is clear.

Yes, the price is now over 31k but why not? This was cheaper than if the price continues to touch 32k, 33k and so on. Buying now and then selling them when we reached the said price can give us a little profit and maybe after it, the price can go back again under 30k? But, that's nice because we can do it again.

There are people that can say that 30k or the current price is too high but even if the price falls to 29k and below, they still won't buy it and they think it was still too high. 27k is not the bottom but I believe it was 26k. We reached 26k last week but I don't think we can go back on that price anytime soon. We can buy now but left some funds so that we can be able to buy again whenever the price drops further. That way there is no regrets wherever the price will head to.

Bitcoin is for the big bag holders and if you want to gain in Bitcoin one must buy with a big amount this is because the price of Bitcoin is high, but then must people are waiting for the price to drop so that they can get in.

Actually it's a bit risky but the reward is also higher than BTC. Everyone doesn't have the ability to buy bitcoin because of its high price but those people can buy some potentially good altcoin. Investing in altcoin is risky so it is safe to invest in multiple projects at the same time. This way risk can be distributed evenly and if one project did 10X and the other 10 projects didn't do well then still it is a gain for investors.

Altcoins are a good option if the ability to buy Bitcoins is not economically viable due to what we know that Altcoins are alternatives.
Buying altcoins should be in the top 10 list with good value and long term potential like Ethereum and Binance. If the ability to buy altcoins is also not able, another recommendation is USDT.

I dont have a set target price when to buy but if I have a budget im buying a little as additional to my holdings. Last time I bought at $28k price so I already profit when the value reach over $30k again.

But I chose not to sell because during this time the best thing to do is to accumulate. I think at this point its safe to buy Bitcoin (even the price decrease further) since the price is still cheap. Dont worry even its not the bottom because if the price turn bullish again you'll certainly gain as long as you can bear not selling until the bullish season occur.

You're right. The rise was very temporary. Not only did Bitcoin fail to get hold of $32,000 once more after it lost it, Bitcoin actually fell down lower than $30,000 once again. I thought that was already it and $30,000 would become a strong support. I miscalculated it once again. I thought the bear was already going sleepy.

What was funny was that some called that the price will never go below $30,000 once again. Only to have seen $29,000 hours later.