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Topic: What's Happening? $31K (Read 466 times)

full member
Activity: 1190
Merit: 117
January 03, 2021, 03:45:30 PM
#40
Bitcoin's performance is amazing, no wonder many investors are willing to buy Bitcoin at high prices. But my advice is not to buy Bitcoin now,
because the price is too high. There is a very risk of dumping, better to wait for the correction to occur. For a while your capital can be stored
first in the stable coins, so it is not affected by volatile markets. If the Bitcoin price corrects to $ 20,000 price I recommend buying it.
member
Activity: 224
Merit: 36
January 03, 2021, 02:12:15 PM
#39
Buy these percentages:

10% bitcoin
20% tesla (as you seem to enjoy speculation)
60% S&P 500 tracker (to keep you sane)
10% US govt bonds (which have tanked the last month, but will beat the S&P 500 by 30% in the next crash)

See how it goes, and then change your allocation next time once you've got a taste for it all.
member
Activity: 812
Merit: 53
January 03, 2021, 02:05:31 PM
#38
This is a bitcoin bull run where the big investors are continuously investing. They just pump the price to create a hype and when they get their huge profits then they dump the price of the bitcoin.
Bitcoin next resistance level is near to 35,000$. If it breaks this level then the next flight of bitcoin is 40,000$.
I am very confuse that i have to buy the bitcoin at current price or wait for the dump.
sr. member
Activity: 1344
Merit: 270
January 03, 2021, 01:36:18 PM
#37
Right now bitcoin correction moment after break out $34k and how much bitcoin dump will be above $30k or more dump until $25k, we can't any expectation after bitcoin success in new year break to higher price, now moment for bitcoin correction and stop investing until bitcoin touch on support price, better try to short bitcoin on future trading because right now best moment during bitcoin have correction price you have enough time for seeing bitcoin going down.
jr. member
Activity: 298
Merit: 5
January 03, 2021, 12:22:10 PM
#36
You should act now before it's too late even if it is out of your reach doesn't mean that you cannot buy btc anymore, you can just buy btc to what you can afford because
bitcoin will surely to continue to increase it's price.

If you wonder why, the bitcoin dominance is already sitting at 72.1% which is the highest so far if I am not mistaken and this dominance will not go down easily especially
in this kind of momentum.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
January 03, 2021, 12:15:48 PM
#35
Institutions are getting their toes dipped into the market. Personally I expect a lot more news like "xyz fund/company enters the bitcoin market". Until now, there was not the right playground for high net-worth individuals to play. Now that the price is getting towards $100k, big money will pour in the market.

People must understand that Bitcoin is pushing away against fiat currencies, but you can still buy fractions of a unit. If Bitcoin is going mainstream I believe we will be talking in terms of millions in a few years.
jr. member
Activity: 68
Merit: 1
January 03, 2021, 12:06:05 PM
#34
I'm thinking about to buy 0.05 BTC tommorw can you suggest me guys when right time for buy🤔
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
January 03, 2021, 12:02:08 PM
#33
I plan to buy some but btc is getting out of my reach.
Heard of the same words when bitcoin crossed $10k, $15k, $20k, $25k, and now we've passed $31k because it's already $32k. And just saw it $33k quickly then go back to $32,877.

same old, same old.  Grin. for sure, if btc will hit 40k, we will hear the same.

there's no right or wrong entry in bitcoin. as a trader or holder, your goal is always to stick with the simple rule of trading - buy low, sell high. of course if you bought your btc at 31k, you will sell at a higher price. as no one knows what will happen to the btc market couple of months from now, or years from now, what you need to do is just keep up with the market. no one can tell you what exactly you need to do at a certain period of time, because it's all on you.
Yes. No one has all the means to tell what will happen in the future but with analysis and adoption that we're witnessing from the institutions, this clearly tells that you should get an entry as soon as possible or decide as soon as you've noticed that they're not joking into buying most of the bitcoins in the circulation. Demand and scarcity will make its price high and by the time that we're no longer seeing those past prices and you haven't bought yet, you will regret it.
legendary
Activity: 3248
Merit: 1402
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January 03, 2021, 06:40:23 AM
#32
I plan to buy some but btc is getting out of my reach.


if so, it would be sad to buy 1 bitcoin. Can you see that at the moment the possibilities for bitcoin cannot be compromised. If you don't feel confident about taking a high price position, wait a few moments. because this will be risky if you insist on buying.
If a person is planning to buy and then forget about it for about 5 years, the current price is probably still good. But if it's not that long-term, I also would not risk investing at the ATH. Buy low, sell high. I'm sure that even though Bitcoin is currently being very impressive, it will go down eventually and there will be an opportunity to buy at a price which is twice as low as the current one. FOMO has to be set aside, and one should understand that buying now is a very risky decision because the price is very likely to drop once the bull run's over.
full member
Activity: 1624
Merit: 117
January 03, 2021, 06:34:26 AM
#31
I plan to buy some but btc is getting out of my reach.
You need to plan based on your capabilities. If you do not have the opportunity to invest in bitcoin at the current rate, expect the price to decrease.
hero member
Activity: 3052
Merit: 651
January 03, 2021, 06:07:58 AM
#30
Had the same thought at $25k.
But look at it. Could've made some profits by now.
That the thing about Bitcoin. It's volatile. Difficult to predict where it will go. Almost impossible.

You could always wait for the price to drop or just buy it now and be optimistic that it will still pump next week or next month.
full member
Activity: 1260
Merit: 103
January 03, 2021, 05:45:51 AM
#29
In my opinion anytime is good to enter the Bitcoin revolution. The price of Bitcoin will go up. It took two years for Bitcoin to break it's old ATH. There were investors who did bought Bitcoin in 2017 and they are still waiting patiently for the price go upto 50k. Think of the bigger achievement rather thinking about petty profit.


I think it needs additional references to reach 50k, like you said that it took 2 years for bitcoin to reach the new ATH, then will that also happen again this year?

I think the pandemic could be one of the reasons why bitcoin can reach a new ATH, and it is not impossible that it will experience a new ATH again in the near future, as long as this pandemic is still ongoing.

Because there will be many digital systems that will be formed which will make bitcoin easily recognizable to new circles, so that its movement will continue to experience a positive trend.
sr. member
Activity: 2366
Merit: 305
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January 03, 2021, 04:26:53 AM
#28
I plan to buy some but btc is getting out of my reach.
I don't know why people think to invest when bitcoin spike too much in the market. When they saw that bitcoin was reached the highest amount in the market and when bitcoin has very well known due to the huge skyrocketing.

Where they are when bitcoin has been crashed too much and that is the perfect time to invest in bitcoin. If you want to invest now, that is not too late but your profit will I guess will less be compared to if you invest when bitcoin was on $10K below.

It's not too late to invest right now, but this is for another 4 years of holding not just a month of seeking profit.
newbie
Activity: 11
Merit: 0
January 03, 2021, 03:37:14 AM
#27
Truly, looks like BTC price is much more independent than I thought  Grin I hope this is only beginning and bitcoin will keep on going up but I must agree with each new day of such crazy growing there are more chances of correction coming. We must be careful and notice all risks before investing in BTC right now.
hero member
Activity: 2002
Merit: 535
January 03, 2021, 03:19:06 AM
#26
I plan to buy some but btc is getting out of my reach.
The price of bitcoin is going out of reach for every common investor. The price is rising rapidly and it is hard to understand the logic behind this rally as the price is above $34k and it is hard to foresee how long this rally will last and i would personally stay away during this time as a correction from this situation will hurt you badly as it will take a long time to reach these levels again if there is a correction.
jr. member
Activity: 30
Merit: 3
January 03, 2021, 03:04:49 AM
#25
I plan to buy some but btc is getting out of my reach.
Bears will probably get into the picture now as after every parabolic upward trend 📈 , the bears pushes the market down
legendary
Activity: 2072
Merit: 4265
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January 03, 2021, 02:59:54 AM
#24
Today the bitcoin price has become even higher than yesterdays. It is difficult to advise something in such a market. We are all together experiencing historical highs in Bitcoin at an extraordinary rate. There is always the risk of falling at an unexpected moment. But who else wants to buy Bitcoin, probably should take the risk. As the rally is gaining momentum, and it becomes more interesting to be at these distances.
sr. member
Activity: 1232
Merit: 379
January 03, 2021, 02:26:09 AM
#23
The price of Bitcoin will go up. It took two years for Bitcoin to break it's old ATH. There were investors who did bought Bitcoin in 2017 and they are still waiting patiently for the price go upto 50k.
It took almost three years to recover, and why do you think investors should buy now, I think it should be applicable to the patient investors, as for me, I can't find a way into the market now because if it crashes down, I will sell for heavy loss, but for patient investors who might wait for 4-5 years for recovery, let them do so.
hero member
Activity: 2156
Merit: 803
Top Crypto Casino
January 02, 2021, 10:55:04 PM
#22
In my opinion anytime is good to enter the Bitcoin revolution. The price of Bitcoin will go up. It took two years for Bitcoin to break it's old ATH. There were investors who did bought Bitcoin in 2017 and they are still waiting patiently for the price go upto 50k. Think of the bigger achievement rather thinking about petty profit.
legendary
Activity: 3080
Merit: 1353
January 02, 2021, 10:42:17 PM
#21
I plan to buy some but btc is getting out of my reach.

1 BTC? if you can't afford then simply start on stacking just sats, I think if you are thinking of getting a whole bitcoin then it will be out of reach for us majority here. That's why for me, just invest what you can afford, you can't start from $50-$500 or set aside monthly money coming from your salary to put into bitcoin, simply as that.

Investing is not that complicated, the problem is that people wanted to get rich very quick. You say it's expensive today, but you are going to miss the boat if it goes 6 digits in the next year or 2.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
January 02, 2021, 04:11:20 PM
#20
I plan to buy some but btc is getting out of my reach.
Heard of the same words when bitcoin crossed $10k, $15k, $20k, $25k, and now we've passed $31k because it's already $32k. And just saw it $33k quickly then go back to $32,877.

It is never late to buy BTC. Yes, procrastination makes us lose. Invest in ASAP to get benefit from Bitcoin.
He's right, not that late to invest. Been telling people that they should buy whenever they are comfortable but if you're not comfortable buying right now, do what you think is right. We'll never know if it's already in the path of crossing $40k soon up to $100k and up or, it will correct a bit just like the sequence it had made before.
copper member
Activity: 238
Merit: 1
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January 02, 2021, 01:25:11 PM
#19
I plan to buy some but btc is getting out of my reach.
It is never late to buy BTC. Yes, procrastination makes us lose. Invest in ASAP to get benefit from Bitcoin.
hero member
Activity: 1498
Merit: 547
Top Crypto Casino
January 02, 2021, 01:23:19 PM
#18
Bull market happening. Why you not bought btc when it was 3k? 10k? 20k? Why people so like to buy on ATHs?
People who doesn't know bitcoin are mostly getting interested in bitcoin due to it's price hike/pump or when bitcoin is in a bullish market just like on 2017 where tons of investors begun investing on bitcoin and other crypto.
Maybe perhaps the OP is new on crypto and wanted to invest on bitcoin when the price correction happens which haven't happened yet and continue raising to 31K USD. Most of us here didn't expect this continuous growth on bitcoin and expected that the correction will happen sooner.
Anyways, OP can still risk investing on bitcoin but must carefully watch the market as the correction might happen anytime soon or maybe it will continue growing for long. No one really knows when the correction will happen or at what point it will happen. If we're lucky we may be seeing bitcoin in the 50k USD range before the correction even happens.
hero member
Activity: 1750
Merit: 904
January 02, 2021, 01:19:39 PM
#17
I dun goofed by selling half of my Bitcoin at $25.000 and $29.000 BTC respectively. I'm flabbergasted by the price growth the past few hours and feel like a total idiot now.
Don't know if I should buy at the moment or just hold the rest of my Bitcoin.
hero member
Activity: 2184
Merit: 531
January 02, 2021, 01:15:25 PM
#16
Another example of someone thinking about Bitcoin in terms of 1 full BTC like it was indivisible. He buys a full bitcoin or doesn't buy at all. All or nothing, black or white Cheesy

Bitcoin is not getting out of anybody's reach. 1 dollar invested in bitcoin is still 1 dollar invested in bitcoin. If you're afraid you can wait. Bitcoin always comes down no confirm the bottom and I expect it will one day come back to 20 thousand to set a bottom of a bear market. The only problem is that it may take another 2 years to get there and hit 50 thousand on the way up.
hero member
Activity: 1358
Merit: 851
January 02, 2021, 01:07:41 PM
#15
Bitcoin is in dangerous territory.. It's not wise to buy at this moment.. rather wait for it to consolidate at a level ad then try to enter it..
May be you will say it again @$40k, may be @$50k; kidding but no one can certainly say what's going to happen now. I can't see any sign of falling although it may fall anytime.
It's good to see more and more people are showing interest on buying BTC but sadly they don't buy the dip rather they join when most of the investors are at good profit and anytime they may dump their bag.
full member
Activity: 1121
Merit: 100
January 02, 2021, 01:03:44 PM
#14
Bitcoin is continuously going up and up. I am very satisfied for increasing  the digital currency which is very popular now a day. It is crossed his all record and it is a great movement in 2021.
newbie
Activity: 15
Merit: 0
January 02, 2021, 12:48:26 PM
#13
Bitcoin is in dangerous territory.. It's not wise to buy at this moment.. rather wait for it to consolidate at a level ad then try to enter it..
hero member
Activity: 1218
Merit: 513
January 02, 2021, 12:33:45 PM
#12
I plan to buy some but btc is getting out of my reach.

Some outrages bull run is happening Smiley

We are close to $33k now! Do you think there will be a big correction after that?
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
January 02, 2021, 12:31:02 PM
#11
I plan to buy some but btc is getting out of my reach.

it is never "out of reach". Stack the sats and hodl. Long term you'll thank yourself. Don't let price fluctuation or increase discourage you!

He sure meant it's very expensive these days. 0.003 was once just $25 but now it's more than $100 already, the earlier you have bought your coin, the more profit you may have had by now. Having $25 will only give you 0.00076 BTC, you can only bet few with the amount since dice today only allow 0.0001

This may just be the time when altcoin season to start kicking. ust a thought.
newbie
Activity: 14
Merit: 0
January 02, 2021, 12:05:08 PM
#10
I plan to buy some but btc is getting out of my reach.

it is never "out of reach". Stack the sats and hodl. Long term you'll thank yourself. Don't let price fluctuation or increase discourage you!
sr. member
Activity: 1638
Merit: 300
January 02, 2021, 10:51:12 AM
#9
Well, I am just surprised. It is just $29K the other hour and right now it is at $31K?! I don't know how long will this rally will be but we should just enjoy the ride and keep taking this as an opportunity as we might not see this kind of price in the next few weeks or months or years. I will not be disappointed even if the price fell in the next few years.
legendary
Activity: 3668
Merit: 6382
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January 02, 2021, 10:40:39 AM
#8
I plan to buy some but btc is getting out of my reach.

Bitcoin market is moving fast.

You would have various options:
1. Buy now and risk to buy before a dump (or more pump?)
2. Wait longer and risk to grow more (or get lucky and see a dump)
3. Buy smaller amounts over longer period of time (but make sure you don't pay more for the fees than you should).
4. Don't buy at all.

However, the "it just grew and now I cannot buy" excuse is rather lame.
If you are afraid to buy, you have to admit it to yourself. I am not suggesting you should buy or not (!!), just be honest with yourself.


I was in the same situation and ended up getting more crypto by earning it than buying. Unfortunately I was not smart enough for option [3]. And I cannot turn back time now...
jr. member
Activity: 129
Merit: 1
January 02, 2021, 10:30:17 AM
#7
Bull market happening. Why you not bought btc when it was 3k? 10k? 20k? Why people so like to buy on ATHs?
legendary
Activity: 3094
Merit: 1069
DGbet.fun - Crypto Sportsbook
January 02, 2021, 10:06:21 AM
#6
This is a temporary rise. You can jump in to take some profit on the bull run but you should also set a stop loss limit as price could turn sharply in any direction. But if you are planning of buying and holding bitcoin for long term profit, I don't think it's a right time to collect bitcoin. For day traders, the market is bullish and all the indicators suggesting strong buy, 33K is imminent.
legendary
Activity: 1372
Merit: 2017
January 02, 2021, 09:59:03 AM
#5
A combination of factors: institutional demand buying all newly mined coins and more, not many people wanting to sell, excessive money printing by central banks and, finally, it seems that FOMO among the general publics starts as well, as google trends show.

We are going to have drops but you never know when. We might have a 30% drop starting tomorrow or a 20% when we reach $50k, you never know. If you want to buy bitcoin for long-term, don't be scared by the price. You can dollar cost average.
hero member
Activity: 1652
Merit: 569
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January 02, 2021, 09:54:42 AM
#4
Investor's are flooding money so the price is keep on pumping which means demand is increasing, so you have ability to buy then go ahead as the trend shows BTC may go even more. But if you are doing this due to FOMO then please reconsider your decision I feel you are doing this due to FOMO else you would have bought it already. Do proper research and invest only the amount which you may afford to lose or risk.



sr. member
Activity: 1848
Merit: 341
Duelbits.com
January 02, 2021, 09:53:06 AM
#3
I plan to buy some but btc is getting out of my reach.


if so, it would be sad to buy 1 bitcoin. Can you see that at the moment the possibilities for bitcoin cannot be compromised. If you don't feel confident about taking a high price position, wait a few moments. because this will be risky if you insist on buying.
full member
Activity: 404
Merit: 100
January 02, 2021, 09:48:37 AM
#2
Bitcoin is growing very fast. It never let me disappointed and it is difficult to predict what will happen. I think trading or investing as cautiously as Binance warns us.
newbie
Activity: 42
Merit: 0
January 02, 2021, 09:22:37 AM
#1
 I plan to buy some but btc is getting out of my reach.
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