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Topic: When to buy more? wait till 6000 or 5500? - page 25. (Read 3104 times)

sr. member
Activity: 714
Merit: 250
most of the alt coins track the price of BTC or ETH,  with BTC dominance coming back, holding BTC is still a better choice than alt coins.
Well, so hard to predict the resistance level during this time. Yes holding btc than altcoin is better indeed because of the huge capability to grow the price this year. Moreover, buy some while price is good to enter.
hero member
Activity: 1036
Merit: 520
Market seems bullish now , hits 7000$ and on the way to 10000$ soon , has a resistance in that point , mostly mentally as fibo analysis says , we are hope it can breaks it , or it gets back again!
sr. member
Activity: 812
Merit: 253
I think it is possible to reach these amounts you’ve mentioned so since the prices vary a little, I think it would be best to just set your buy order to these two amounts. At least it would be divided instead of placing all eggs in one basket.
hero member
Activity: 854
Merit: 500
Stake & Vote or Become a IoTeX Delegate!
Technical data hints that it can go down to 6000 or 5500 level.
What do you think?
If you use fibonacci you will see that it will be possible just one big FuD again and it will happen. For this it is more better to move it to speculation discussion so you will find some other options in that price. If you would ask me i will set some amounts on both price to have a good average entry in case if will not hit the other one.
newbie
Activity: 61
Merit: 0
most of the alt coins track the price of BTC or ETH,  with BTC dominance coming back, holding BTC is still a better choice than alt coins.
sr. member
Activity: 742
Merit: 255
CryptoTalk.Org - Get Paid for every Post!
Technical data hints that it can go down to 6000 or 5500 level.
What do you think?
If you believe the bitcoin buy it know or if you think it will go down in 5500 level you should wait. But it will reach in 5500 we don't predict the future of Bitcoin. So better buy it know or choose some other altcoins. Most of the experts the future possibilities of bitcoin this will going to moon in June or July we should wait for two months it will reach more than 15k USD in crypto market.
member
Activity: 518
Merit: 11
Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

I think you can buy more waiting at the price of $ 5000 back because I think it is a position to buy the best, if you want to buy at the current price seems too risky.
newbie
Activity: 55
Merit: 0
I think we can buy in batches now. This risk will not be great
legendary
Activity: 3010
Merit: 3724
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Just as I thought most of us had run out of capital, here I see others happily entering a buying glut. Just read as well that Localbitcoins ia experiencing record volumes in several countries too... Which is a good sign as that was exactly what happened in late 2016. Local buying appetite in southeast Asia then, helping fuel the 2017 boom.

Buying like horny teens eh? If the volumes on coinmarketcap exchanges aren't picking these up, maybe there's still a lot of life in p2p and otc, after all.

Exactly! It has a lot to do with the taxes. With the deadline coming in and the governments waking up to the possibility of cashing in, people are overreacting and trying to disappear with their coins. On top of that some governments have taken a scarry approach. I've recently read about the tax office in Poland that is trying to extort user data from their local exchanges. They demand them to hand over not only their user's trade history but also their crypto addresses and want everyone to pay 1% tax on every trade Cheesy This is probably the biggest extortion attempt in the history of cryptocurrencies right after the police in Venezuela stealing crypto miners from people to mine for themselves.
P2P exchanges and local cash trades are going to become huge in some countries.

Actually, I was a little surprised at the tax news and am not sure if it's at all to blame. IRS has been pursuing this at least since last year, so any serious holders would have been well aware even before the reminder issued last month, on a ruling already installed since 2014. But I suppose the impending threat of enforcement would have sent jitters through some who thought IRS wasn't going to be serious.

I don't believe in states controlling my money, but I have some faith in fair taxation, especially in developed nations. But agree that some of the more recent attempts to squeeze revenue from exchanges have been really unfair and discriminatory. Instead of applauding these guys for adopting tech, they're being punished as criminals.
legendary
Activity: 1526
Merit: 1179
I am going to buy bitcoin if it breaks out $8000, but for the short term. I don't want to hold bitcoin for the long term, other coins have more potential compared to bitcoin. It will be underperformer.
More potential in terms of gains, but there is nothing that comes even close to Bitcoin in all aspects. Altcoins do offer a higher potential return, but that higher return comes with a higher risk as well, don't forget that.

The thing with altcoins is that they are pretty bad long term investments, especially in terms of their BTC ratio. While last year alts managed to reach all time high levels, their BTC ratio was still lagging behind.

People believing that technical analysis tells them that we're heading towards sub $6000 levels put too much faith in statistics not holding any value, just like how these statistics didn't hold any value last year.

I wish I had some free capital left to buy with, but will have to wait till the end of the month. I do have money left, but that's not meant to invest with, so I don't. Patience is a great characteristic of myself, which comes handy here.
full member
Activity: 462
Merit: 102
Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Bitcoin has proven every traders that each time is the right time to buy and only matters is how much are you actually ready to lose?? You might ask me why with that and what question is that.. But that’s the truth,, bitcoin or cryptocurrency as a whole is a risky investment not like in stock market.. Volatility is higher,, but the chance of profiting big is possible..

Bitcoin have reached a 20000$ peak price so waiting it to go down more will be a wise decision,, but to buy below 10000$ below in all instances is a smart investment strategy..
full member
Activity: 406
Merit: 100
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I am going to buy bitcoin if it breaks out $8000, but for the short term. I don't want to hold bitcoin for the long term, other coins have more potential compared to bitcoin. It will be underperformer.
sr. member
Activity: 476
Merit: 250
Technical data hints that it can go down to 6000 or 5500 level.
What do you think?
I'd rather buy Bitcoin for as low as $ 5000. and hopefully, that happens. Maybe I'll get rich if I manage to buy Bitcoin for $ 5,000. Cheesy Cheesy Cheesy
newbie
Activity: 70
Merit: 0
Buy half of 6000 and the other half of 5500. It is possible that you can buy more at 5000 or less. Be prepared for that.
full member
Activity: 479
Merit: 103
Technical data actually says that BTC can now go down even further, until $4970 to say the least or even $3000 in worst case scenario, as a target of the inverse head & shoulders pattern which has been forming.
member
Activity: 294
Merit: 13
No someone can 100% guarantee about the price if you brave take the risk man, buy now. We don't know later it can be a pump or it can be another dump Smiley. I want take that risk by buy now  Grin
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
It is already at the $6k level because it is continuously going up a little and then coming back to this level. Many people say that it might go down to $2k but what if it doesn't. Considering it's all time high at $19k I think buying it at $6k would be a steal deal. So I consider this as the best buying opportunity because once it starts to rise up by crossing $12k I don't think it will ever again come back to this position.
newbie
Activity: 72
Merit: 0
All those predictions are not accurate, specially based on crypto market. The price is unpredictable. Its better to start investing now and keep investing smaller amounts. As the price starts to fall increase your investment. This way you will be reducing your risk of losing a lot. Anyways the price are now predicted to go back up on Q2. The tax seasons are almost over and people will start back investing on bitcoin.

Yeah this is true. As much as possible, always invest whenever there's an opportunity, with the current price right now. I think I won't wait for the price to hit the 5000 level because it has gone down much and we cannot totally predict how the market would go.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Technical data hints that it can go down to 6000 or 5500 level.
What do you think?
All those predictions are not accurate, specially based on crypto market. The price is unpredictable. Its better to start investing now and keep investing smaller amounts. As the price starts to fall increase your investment. This way you will be reducing your risk of losing a lot. Anyways the price are now predicted to go back up on Q2. The tax seasons are almost over and people will start back investing on bitcoin.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
Just as I thought most of us had run out of capital, here I see others happily entering a buying glut. Just read as well that Localbitcoins ia experiencing record volumes in several countries too... Which is a good sign as that was exactly what happened in late 2016. Local buying appetite in southeast Asia then, helping fuel the 2017 boom.

Buying like horny teens eh? If the volumes on coinmarketcap exchanges aren't picking these up, maybe there's still a lot of life in p2p and otc, after all.

Exactly! It has a lot to do with the taxes. With the deadline coming in and the governments waking up to the possibility of cashing in, people are overreacting and trying to disappear with their coins. On top of that some governments have taken a scarry approach. I've recently read about the tax office in Poland that is trying to extort user data from their local exchanges. They demand them to hand over not only their user's trade history but also their crypto addresses and want everyone to pay 1% tax on every trade Cheesy This is probably the biggest extortion attempt in the history of cryptocurrencies right after the police in Venezuela stealing crypto miners from people to mine for themselves.
P2P exchanges and local cash trades are going to become huge in some countries.
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