What is your take on the price? - page 2.

fzkto

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Quote from: el kaka22 on April 06, 2023, 03:49:35 PM

The increases and then following that the stagnant stuck price tells me just one thing; a break out is on its way. I believe that we will see the price go super high once again, just like how it went from 16k to 28k quickly, we may end up seeing it go from 28k to 38k or whatever quickly just like that as well.

It is going to end up being something that will take a long time for us to understand and realize. I am not going to end up understanding the whole point right away, but it will probably happen not too late. Maybe a few more months like this, probably not that much neither and it is going to end up with a good return when the breakout starts, so buying now is a good idea.

You have an optimistic viewpoint. I am also hopeful that bitcoin will make a breakout, but the fading volumes make me doubtful. If stablecoins don't start coming back into the market, then a correction may await us. Which would also make sense, because the market has been rising for almost four months in a row, which does not happen very often without a correction.

South Park

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Quote from: el kaka22 on April 06, 2023, 03:49:35 PM

The increases and then following that the stagnant stuck price tells me just one thing; a break out is on its way. I believe that we will see the price go super high once again, just like how it went from 16k to 28k quickly, we may end up seeing it go from 28k to 38k or whatever quickly just like that as well.

It is going to end up being something that will take a long time for us to understand and realize. I am not going to end up understanding the whole point right away, but it will probably happen not too late. Maybe a few more months like this, probably not that much neither and it is going to end up with a good return when the breakout starts, so buying now is a good idea.

Right now I see the market as a powder keg about to explode, the instability of the economy helped bitcoin to grow in price very rapidly, and right now things are stagnant because speculators are waiting for another signal from the markets, if there is no economic problems during the next months then the price may begin a slow descent, but if there are more problems with the banks then we need to prepare as another explosive growth could be on the cards.

el kaka22

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The increases and then following that the stagnant stuck price tells me just one thing; a break out is on its way. I believe that we will see the price go super high once again, just like how it went from 16k to 28k quickly, we may end up seeing it go from 28k to 38k or whatever quickly just like that as well.

It is going to end up being something that will take a long time for us to understand and realize. I am not going to end up understanding the whole point right away, but it will probably happen not too late. Maybe a few more months like this, probably not that much neither and it is going to end up with a good return when the breakout starts, so buying now is a good idea.

Marvell1

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Quote from: inthelongrun on April 06, 2023, 07:21:59 AM

Quote from: posi on April 05, 2023, 10:27:59 AM

Quote from: inthelongrun on April 05, 2023, 07:39:43 AM

I am not that affected by the swings of bitcoin nowadays. I just started another DCA last December and it is doing good so far. If bitcoin drops, I am happy because my next buy will be cheaper which means lowering my average cost. And if bitcoin increases, I am seeing the green gains in my portfolio tracker and it feels good. Bitcoin will continue to have swings and some of them might be big swings but still, I am optimistic that its price will be better than last year. Halving is coming, so we expect a better year.

I also started accumulating last year, and compared to my average purchase price, I was profitable. But if you give me one wish, I would expect bitcoin to fall back rather than recover. I don't expect bitcoin to recover or a bull season will come soon, I want to buy a lot and accumulate bitcoin at the lowest possible price. I'm the complete opposite of the OP, I don't see any anxiety when bitcoin goes down, that's more interesting to me than a bull market.

Lol! To be honest, I have the same choice as you, if I were to decide which direction bitcoin is headed. I mean, it is more profitable to us if bitcoin dips since it will lower down our average price. My conservative assumption on the bitcoin price this coming 2025 is $100k minimum. This means if I continue to purchase bitcoin at $28k above, I might not be able to x4 my ROI with my conservative target. Anyways, maybe I'll just compensate for it with my altcoins which I also expect to grow a lot during a bull run.

Anyways, at least we are free from anxiety about the bitcoin price whether it goes up or down.

I also found allies Grin

. I don't think there will be many like us, most people are expecting the bitcoin price to recover and rise from now on rather than expecting it to fall back. Sooner or later, bitcoin will go up in price and hit a new ATH, so I'm in no hurry, I prefer bitcoin down more, longer so I can accumulate it at the highest possible discount. As you said, think about it, buying bitcoins for $20k and selling for $100k is more profitable than buying bitcoins for $40k. I really want to know why people don't like to buy at low prices.

inthelongrun

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Quote from: posi on April 05, 2023, 10:27:59 AM

Quote from: inthelongrun on April 05, 2023, 07:39:43 AM

I am not that affected by the swings of bitcoin nowadays. I just started another DCA last December and it is doing good so far. If bitcoin drops, I am happy because my next buy will be cheaper which means lowering my average cost. And if bitcoin increases, I am seeing the green gains in my portfolio tracker and it feels good. Bitcoin will continue to have swings and some of them might be big swings but still, I am optimistic that its price will be better than last year. Halving is coming, so we expect a better year.

I also started accumulating last year, and compared to my average purchase price, I was profitable. But if you give me one wish, I would expect bitcoin to fall back rather than recover. I don't expect bitcoin to recover or a bull season will come soon, I want to buy a lot and accumulate bitcoin at the lowest possible price. I'm the complete opposite of the OP, I don't see any anxiety when bitcoin goes down, that's more interesting to me than a bull market.

Lol! To be honest, I have the same choice as you, if I were to decide which direction bitcoin is headed. I mean, it is more profitable to us if bitcoin dips since it will lower down our average price. My conservative assumption on the bitcoin price this coming 2025 is $100k minimum. This means if I continue to purchase bitcoin at $28k above, I might not be able to x4 my ROI with my conservative target. Anyways, maybe I'll just compensate for it with my altcoins which I also expect to grow a lot during a bull run.

Anyways, at least we are free from anxiety about the bitcoin price whether it goes up or down.

justdimin

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Quote from: posi on April 05, 2023, 10:27:59 AM

I also started accumulating last year, and compared to my average purchase price, I was profitable. But if you give me one wish, I would expect bitcoin to fall back rather than recover. I don't expect bitcoin to recover or a bull season will come soon, I want to buy a lot and accumulate bitcoin at the lowest possible price. I'm the complete opposite of the OP, I don't see any anxiety when bitcoin goes down, that's more interesting to me than a bull market.

That is the right way to approach this market as well. I mean normally when bitcoin goes down, it should be obvious that we should be able to approach this as a great thing and should be buying as much as possible.

I am not really sure how long it will take to have something like that, like a lot of money to accumulate a lot of bitcoin, even when the price is low, sometimes we do not have the funds to buy bitcoin so it happens to be a bit hard when the times do not match. But when you have funds and when the price is low, it is a blissful moment and it's great to buy it. I personally believe that it would be amazing to end up buying bitcoin during those days.

posi

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Quote from: inthelongrun on April 05, 2023, 07:39:43 AM

I am not that affected by the swings of bitcoin nowadays. I just started another DCA last December and it is doing good so far. If bitcoin drops, I am happy because my next buy will be cheaper which means lowering my average cost. And if bitcoin increases, I am seeing the green gains in my portfolio tracker and it feels good. Bitcoin will continue to have swings and some of them might be big swings but still, I am optimistic that its price will be better than last year. Halving is coming, so we expect a better year.

I also started accumulating last year, and compared to my average purchase price, I was profitable. But if you give me one wish, I would expect bitcoin to fall back rather than recover. I don't expect bitcoin to recover or a bull season will come soon, I want to buy a lot and accumulate bitcoin at the lowest possible price. I'm the complete opposite of the OP, I don't see any anxiety when bitcoin goes down, that's more interesting to me than a bull market.

inthelongrun

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I am not that affected by the swings of bitcoin nowadays. I just started another DCA last December and it is doing good so far. If bitcoin drops, I am happy because my next buy will be cheaper which means lowering my average cost. And if bitcoin increases, I am seeing the green gains in my portfolio tracker and it feels good. Bitcoin will continue to have swings and some of them might be big swings but still, I am optimistic that its price will be better than last year. Halving is coming, so we expect a better year.

Pujangga

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Price is an important thing for investors, if we want profit then we have to buy cheap and sell at high prices, of course it will be difficult for us to know whether the current price is cheap or expensive, but I think if we buy now and be patient then we have a chance to earn big profits.

Kodok Bencot

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If we do daily trading, of course the daily price will always be monitored, sometimes I also like daily trading because it is more profitable and doesn't take long, very high price movements in bitcoin make daily trading more profitable, because the market is often difficult to predict, when we are optimistic the price will keep going up then soon the price will fall.

GeorgeJohn

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Quote from: JamesBorn on March 28, 2023, 10:05:48 AM

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

The price of bitcoin don't or never be stagnant, so therefore I believe that whosoever who is giving you one specification of bitcoin concerning the price conditions is doing that due to it's assumptions, because its obvious that no speculation or predictions of bitcoin always be accurate, so therefore my take concerning bitcoin price might be accurate or inaccurate due to its a personal preference or predictions of bitcoin price this time.

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Quote from: TheGreatPython on April 03, 2023, 01:35:26 PM

That is true only for a specific group of people who have either bought at a higher price or have money in spare to buy more when the time is right, but those who have bought at a very good price and will all their capital are not really supposed to worry about any of that, and all they need to do is to hold on to their coins for as long as they can.

For example, if I have bought Bitcoin at $28k, but I still have some money left, when the price goes back to $25k or something, it will be wise for me to buy more. But, if someone has bought at $17k, and has nothing left to buy more, even if the price goes back to $16k or something, they just need to hold and do nothing else.

Maybe it can still be considered if at any time the price falls below the initial purchase price. It might even be a good opportunity to buy, but if the reserves are running out then it's just a matter of holding on. This means that our ability to buy is limited, and don't panic when the price continues to crash. but when the bitcoin price drops further to $10k, I personally will pawn my empty land for money and buy as much bitcoin as possible. It's quite risky, but it's an opportunity that won't come a second time if it happens.

kro55

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Quote from: CageMabok on April 03, 2023, 10:23:47 AM

Quote from: crunck on April 02, 2023, 11:10:15 PM

It was a mistake but fixable, 1btc is still 1btc, and you haven't sold means you haven't lost. If you can buy at $60,000 and hold without selling, there's no reason you'd miss out on $30,000. Don't worry too much about those bitcoins, instead, keep accumulating bitcoins from now on because when the price hits $60k again, you will be profitable.

Those who buy at high prices or at prices that are twice the current price, of course they still feel worried even though they still hold it until now. Because when they try to collect Bitcoin again by not selling the Bitcoin they have bought before, it is clear that they have to use new capital again to benefit from the current price. So it's not only about the amount of BTC we have, but also about how much the BTC itself costs so that everyone can know how much they will lose if they sell now.

When someone buys at a high price, worry is inevitable, but worrying without doing anything else will not help us quickly recover our capital. In investing, no one wants to lose money, it's true. But if unfortunately, things don't go as planned, we need new changes and plans to find a way to get that money back. Don't just wait and lament; Remember that investment is beyond profit, and we have to accept the risk if that happens.

Bitcoin is not a get-rich-quick investment, to get a profit, you need to hold it for the long term and ignore the short term volatility. It looks like OP invested in bitcoin when he wasn't ready, and now he's starting to worry about his investment.

reagansimms

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Quote from: JamesBorn on March 28, 2023, 10:05:48 AM

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

You are in a situation of being trapped in a loss circle, there is no other way you can do it but wait until your initial capital returns. Don't give up quickly, let your assets continue to be stored in the wallet. Market cycles always go in two directions, never doubt about this. Bitcoin will rise again, history has always been like that. Correction is an inseparable part of Bullish, because after a correction usually Bullish will come.

peter0425

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Quote from: JamesBorn on March 28, 2023, 10:05:48 AM

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

and that is what I also do sometimes specially when my investments turns rollercoaster as instead of having the feeling or urging to sell? i can prevent that feeling so what you are doing is good mate and keep the holding so this kind of questions will not cross your mind.
as long as you are holding bitcoin ? you are never losing any single amount.

STT

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Still submerged below 30k, meaning we can return to 25k levels quite easily if market wants to cash out for the moment. That would not be especially negative just requires a larger sell in the market and BTC will be used as cash to settle elsewhere vs Dollar positions usually. That short term cash out vs long term development isnt so important because it can always occur.
Overall I think we are positive since we beat the 2022 negative decline and outlasted that trend to resolve more positively, however falling so far for so long and in a large percentage is going to be a while to digest Im still guessing this entire year to really regain positive movement on every time scale.

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Quote from: JamesBorn on March 28, 2023, 10:05:48 AM

I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?

When you do find yourself on a situation on which you are really that impulsive when it comes to price movement then it is really just right that you should avoid on checking out things.Yes, we do need internet on everyday when it comes to communication which it is really that inevitable for you not to check out your ports.If you do have some port checker apps then you should delete that and if you are just simply holding
your Bitcoin then you shouldnt worry much with this investment considering that we do know about its potential unless if you are really that making short trades then you cant just avoid on
not to check it out.

TheGreatPython

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Quote from: South Park on March 31, 2023, 03:22:29 PM

Quote from: AakZaki on March 31, 2023, 12:00:59 PM

To focus on Holding also requires analysis, when to buy and when to sell. It's not easy to do Holding if money management can't be done properly. Short term or long term both have advantages and disadvantages. Some traders prefer to make short-term trades because it is fast enough to make a profit, but it requires good trading skills, strategies and knowledge.
and a strategy that is really effective and safe is to do DCA, it will be better to apply it in the long term, so that it will accumulate more and more assets and when the price rises there will be more profits.

This is a good observation, often I see newbies that believe that in order to hold their coins they do not need to do anything except buying and keeping their coins for the long term, and while for an inexpert eye this may seem like the totality of what a long term holder does, this is not true, a long term holder also needs to know about how the market moves and the best moments to buy in order to maximize their profits and minimize the risks they take, otherwise holding their coins will become incredibly difficult for them.

That is true only for a specific group of people who have either bought at a higher price or have money in spare to buy more when the time is right, but those who have bought at a very good price and will all their capital are not really supposed to worry about any of that, and all they need to do is to hold on to their coins for as long as they can.

For example, if I have bought Bitcoin at $28k, but I still have some money left, when the price goes back to $25k or something, it will be wise for me to buy more. But, if someone has bought at $17k, and has nothing left to buy more, even if the price goes back to $16k or something, they just need to hold and do nothing else.

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Quote from: Sir Legend on April 03, 2023, 12:57:52 AM

For investors, of course, price movements are important. If we pay attention to prices and increase, assets will automatically increase, conversely, if prices fall and assets drop, the best solution is to add to the balance or buy more, as long as we can hold back our emotions and be patient, we will profit.

Not only investors, traders also feel that fluctuating prices are very good for making profits. It's okay if the value of our asset decreases when the price drops, but we get the opportunity to buy again when the price corrects and hits a low price. After we can get it, we only need to hold it until the target selling price we want. Then we can sell it. And if we can do it repeatedly, our profit level will be even greater. But we must indeed be able to control our emotions and not be greedy because we see the benefits we can already get and we should immediately take the profit before it's too late.

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Quote from: JamesBorn on March 28, 2023, 10:05:48 AM

What's your take on the price?

My take on price is that everyone is aware that bitcoin price is fluctuating in nature and this means that at every time it will be going up and another time it will be coming down.
Since we are fully awareof this nature of Bitcoin, we should not play ignorance of it at anytime.
People that are so much concerned about the price, that are always checking at the price and checking their Portfolio are the day traders and short-term investors.

So if you are a bitcoin long-time investor, you may not have serious business with prices and checking your portfolio at every time because you know that in the next two to three years there is every possibility that you'll have good increment in your bitcoin holding

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