Topic: What is your new entry point? (Read 508 times)

It is crucial that the 3120$ holds. From now on we need a bull run.

Oh let's start another episode, you can create another thread with title: "$ 3500 is the bottom?", Because the price has risen again to more than $ 3600 and all news channels are wondering where the price goes?

Newsflash: Bitcoin Price Smashes Past $3,700, How High Will it Go?

in the next days it will be very interesting


definitely we will not see this price

Well 2.7k and below would already be a very good entry if it even goes that low. I think just around the 3k area would already be a good point to start buying since a few hundred bucks wouldn't really make that big of  difference if, for example, bitcoin hits above 5k by the end of the year. 3k and lower would be very profitable already.
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5k is easy by the end of this month.

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well i respect the balls of steel attitude. i hope it works out for ya.

the thing about "weak hands" is a lot of them were once "strong hands" first. it's a bias that new investors have. they held through crash after crash after crash until finally they gave up and capitulated.

so that's something to think about. do you have truly strong hands, or will your resolve weaken over time? that's the eternal question for value investors who are sitting on losses.
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I would always hold, common sense. Why would I give my coins to anyone for so cheap? It doesn't add up. Why would I sell at the bottom of the bear market? I sell on the top of the bull market. Simple. See? I did many mistakes such as buying at the worst possible time  many times, such as 1100$ Eth price and so on. I did invest into two scams and also I did DCA during the whole bear market. This cost me so much money. However I have never made that mistake to sell low. I won't do that. I did enter around late February 2018. So I am on the market nearly a year. So I am new, but in the Crypto world 1 year experience, nearly one year is not really new:) Soon I will be an ancient investor. For all the people in Tether and in Fiat, they would like me to capitulate which won't happen sorry guys. You are going to enter into the market in a Fomo buy pretty soon. Sorry man. Check the market by the way. Probably 4500$ entry point will get some more votes.

Wishful thinking. You and probably many people will join the market in Fomo buy pretty soon. This is how the big players have designed this. From 20000$ to a drop to 3120$ was already significant enough. Also the Bear market won't last forever.

If it does turn out like 2015, then there's still lots and lots of time to accumulate while prices are low. There's no rush!
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No rush really? FOMO will start on Monday.

Well 2.7k and below would already be a very good entry if it even goes that low. I think just around the 3k area would already be a good point to start buying since a few hundred bucks wouldn't really make that big of  difference if, for example, bitcoin hits above 5k by the end of the year. 3k and lower would be very profitable already.

$800 will be too deep for bitcoin price to get down, and I am not sure that is the deepest price of the fallen. I only hope that the price will not go down too deep and even if the price is down, it does not reach less than $3000 so the price can bounce up in a short time. But still, we don't know for sure, and we could only wait how much the price will go down.

if the price of bitcoin falls to the price of $ 800 it seems that it is not possible because it will certainly have a negative influence on the price of other cryptocurrency so I prefer the price of $ 2700 and in my opinion it is the lowest point in 2019.

well i respect the balls of steel attitude. i hope it works out for ya.

the thing about "weak hands" is a lot of them were once "strong hands" first. it's a bias that new investors have. they held through crash after crash after crash until finally they gave up and capitulated.

so that's something to think about. do you have truly strong hands, or will your resolve weaken over time? that's the eternal question for value investors who are sitting on losses.

many say if the ETF will be approved when the price of bitcoin reaches 3 digits, in my opinion there is still a possibility that the price of bitcoin will drop to $ 800. now the market conditions have not improved and frustrated many investors.

The sideways ranging in 2015 happened from January to October. That's like 9 months. By contrast, we haven't even been trading for 2 months since the last low. 7-8 weeks of sideways after a crash is what most people would call a bearish consolidation. It looks nothing like 2015 yet.

I admit what you're saying is possible, but you're talking about it like it's set in stone. I would give it 6+ months before making that sort of prediction.

If it does turn out like 2015, then there's still lots and lots of time to accumulate while prices are low. There's no rush!

Alright. How can you accumulate without actually buying any of it? I got you, hence I said I will invest only now below 2800$ otherwise I don't pump any new money into the market.

Amen.

Nice. What is your project? Well, I don't think that we are going to see 800$ Bitcoin price ever.

Well, I didn't vote at all, because there is no an option for my taste. My plan is to not buy bitcoin at all. My last investment burned just because of I also thought the bottom came and I do not wish to take a risk anymore. My plan is to accumulate as much coins as I can by doing different things and to sell them all when the price will satisfy me.

This exactly.

I've been doing the same since it dropped under $4000. Hoping for a specific price is an awful strategy as it involves getting lucky. Cost averaging the bottom is the way to do it.

I've just been putting whatever extra money I have into Bitcoin when I get it since late november. I made a couple of "high" buys at around $4200 on that first pump up in case it ended up settling in the 4000s instead of the 3000s, but all the rest have been in the 3000s. I made a couple buys in the 3100s, and lots of buys in between. My average buy price these past few months has been $3476. Pretty damn good if you ask me!

I certainly think it could drop below $3000 at some point in the next half year, but if it does I'll be buying! I could also see it not going under $3000. The thing about cost averaging the bottom is that I could care less where the bottom is! If it drops lower than I thought that's great, I get to buy in lower than I thought! If the price moves up to $4000s in a month and stays there that's great, I already got in a few months of buying in the 3000s!

We know that Fidelity is opening up their custody solution for Wall St in March I think it I read, and if BAKKT gets approval soon for its bitcoin exchange, and if Nasdaq or Goldman Sachs and whoever else on Wall St that's working on bitcoin services gets theirs up and running in the next few months I think a drop below $3000 is very unlikely unless it happens in the next month or so.

I wouldn't worry about breaking $1200. The price is almost 3x that and has been stable (in the 3000s) for almost 3 months now. Compare 2015 to the past few months, we are at the same stage of the market cycle: scrapping along the bottom for an extended period of time until all the people waiting to buy in lower realize that lower price is never coming. The likelihood of some traumatic event occurring that destroys the future of Bitcoin is extremely low. Any price point in the 3000s or lower is a great buy.

My point of entry is: every time I get a paycheck, starting when the price dropped under $4000 and continuing for a few months longer still.

I've been buying gradually and dollar cost averaging ever since bitcoin hit $4k, a few times a week to spread the risk.

So my average entry point for the coins that I bought during this is probably around the high $3k figures, and I personally think that is very close to the bottom. The fact of the matter is that you cannot time the entry points completely correct, which is the reason why dollar cost averaging will make sense in these bear market situations where markets aren't rational but rather panic dumping. Instead of placing all your funds in one buy order, you are averaging out the buys over a period of bearish times which will be extremely cheap in the long term.

Some people are obviously still waiting on prices to go lower. Personally I don't see it dropping below $3k for any extended amounts of time because of the newly found demand in institutional investors, and the progress in the network that has been made. All that has been negatively affected between the 2017 bull market and now is the price, and this is certainly a very good accumulation point in the grand scheme of things.

There is a high possibility that it will drop below 3000 so, expect that there is another bottom again. Good choice of you to store it on a cold wallet since it is too risky to bring it up, you might want to sell it all without considering that there will be bull run waiting for you.

I don't think $800 would be the last price or something but it is more likely nearer to that.