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Topic: When to buy - question to Hodlers (Read 1061 times)

full member
Activity: 1110
Merit: 104
May 25, 2020, 12:28:17 PM
altcoin has all experienced a sharp decline and has been in the accumulation zone since 300 days,
I hope there will be a big increase in altcoin this year, and if you want to buy altcoin, now is the time!
sr. member
Activity: 625
Merit: 250
io.ezystayz.com
May 24, 2020, 10:19:25 PM
If you are going to buy BTC right now, be careful because it doesn´t look like that the market will go up. Trading volume is decreasing and there is a big drop on hashing power, it dropped by tens of percents, last time that hashing power dropped so much, price followed it.  Cry
Bitcoin price today has dropped to $8700 and lost more than 8% of its value in just one day. This coin is really hard to predict and usually very volatile. However, if you still choose a long-term investment, this price is still very cheap because I am sure in the next few years Bitcoin will soon surpass the old ATH and will be very high value if 5% of the population choose to invest.
legendary
Activity: 3122
Merit: 1140
May 24, 2020, 03:45:12 PM
   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.
That is a good way. The problem is, that you don't may to to  look about the price then. Many people don't make it and they still waiting for better prices. Its a pity that there a so less exchanges which offers a savings plan. I only know one.
I think it all depends of what type of investors are you. Some may prefer to invest then hodl for a certain days, months or year(s) before they start selling. And also we do have some apps already these days that would pop up or tells us what is the price of Bitcoin on that day. Those weak hands investors will always fall because they can't wait and they lose their self-control. People should know that investment is always risky and they should minimize the risk before investing.

It will really vary on each person because not all would really have that kind of good self-control if they do experience these kind of scenarios specially when they do saw that their portfolio is on deep reds.It just a matter of risk management because not all would really be that prepare into situations in declining markets where they do normally panic out and sell off early because they are afraid that the price would go zero.lol. Buying opportunities will be most likely in times on where most people are on panic or losing confidence which is evident and obvious on market condition and thats the perfect
opportunity to buy but your emotions would be your primary enemy on this one.
legendary
Activity: 2492
Merit: 1018
May 24, 2020, 01:28:25 PM
If you are going to buy BTC right now, be careful because it doesn´t look like that the market will go up. Trading volume is decreasing and there is a big drop on hashing power, it dropped by tens of percents, last time that hashing power dropped so much, price followed it.  Cry

My chart says it going up though, I really think the drop today is just a slight change but will continue to go up in the next few days and maybe breaking that 10k resistance again.  So when they say you but the dip, you buy the dip because today it just dip to give everyone a chance for you to take a train ticket for the ride.
sr. member
Activity: 1176
Merit: 265
May 24, 2020, 12:48:53 PM
If you are going to buy BTC right now, be careful because it doesn´t look like that the market will go up. Trading volume is decreasing and there is a big drop on hashing power, it dropped by tens of percents, last time that hashing power dropped so much, price followed it.  Cry
sr. member
Activity: 952
Merit: 274
May 24, 2020, 09:57:16 AM
The answer will be subjective because we have different goals after all, but there are things that hodlers do not understand first and it is the identifying the trend. There are just buying and telling to themselves that they can be rich in the future by holding bitcoin but that kind of mentality is sucks especially for those who do not fully understand trading.

The best time to buy and hold is when there is a certain event which is the trend reversal where the downtrend will become a uptrend. It is the best time to accumulate bitcoin but there should be a risk management in order to handle unexpected situations.
sr. member
Activity: 2506
Merit: 368
May 24, 2020, 09:51:32 AM
   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.
That is a good way. The problem is, that you don't may to to  look about the price then. Many people don't make it and they still waiting for better prices. Its a pity that there a so less exchanges which offers a savings plan. I only know one.
I think it all depends of what type of investors are you. Some may prefer to invest then hodl for a certain days, months or year(s) before they start selling. And also we do have some apps already these days that would pop up or tells us what is the price of Bitcoin on that day. Those weak hands investors will always fall because they can't wait and they lose their self-control. People should know that investment is always risky and they should minimize the risk before investing.
hero member
Activity: 1274
Merit: 500
May 24, 2020, 09:05:40 AM
Hi fellow Hodlers,

I hope Im right in this subforum to ask the following question that has probably been asked plenty of times?

When do you buy or do you spread out buying Bitcoin with FIAT?

I myself buy Bitcoin every month no matter the price for a set amount from my paycheck, in hopes of averaging the price I buy for.
Before doing that Id wait and hope to catch it at a lower price but that always seemed to go in the wrong way, aka. price went up =)

Im just asking because I want to know if there is a more effective way to do it?

Ideally, you should not buy Bitcoin through intermediaries. they will buff the price up very high and buy bitcoin will be different from the price on the CEX in crypto market. When you receive your salary each month, you should buy USDT, the price will not be too much difference and then you will use USDT to deposit to exchanges, then will buy Bitcoin, the price will be much cheaper.
I agree with you. If you buy, you should only buy USDT with Fiat, and after you have USDT, you should buy Bitcoin because it will be more accurate than buying Bitcoin directly.

Of course, the spread is very low and is usually only available to large investors entering this market. I also usually take profits in USDT and switch back to Fiat when enough and everything often happens very fast.
hero member
Activity: 994
Merit: 503
May 24, 2020, 02:56:46 AM
Hi fellow Hodlers,

I hope Im right in this subforum to ask the following question that has probably been asked plenty of times?

When do you buy or do you spread out buying Bitcoin with FIAT?

I myself buy Bitcoin every month no matter the price for a set amount from my paycheck, in hopes of averaging the price I buy for.
Before doing that Id wait and hope to catch it at a lower price but that always seemed to go in the wrong way, aka. price went up =)

Im just asking because I want to know if there is a more effective way to do it?

Ideally, you should not buy Bitcoin through intermediaries. they will buff the price up very high and buy bitcoin will be different from the price on the CEX in crypto market. When you receive your salary each month, you should buy USDT, the price will not be too much difference and then you will use USDT to deposit to exchanges, then will buy Bitcoin, the price will be much cheaper.
legendary
Activity: 2660
Merit: 2229
https://t1p.de/6ghrf
May 23, 2020, 04:10:24 PM
   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.
That is a good way. The problem is, that you don't may to to  look about the price then. Many people don't make it and they still waiting for better prices. Its a pity that there a so less exchanges which offers a savings plan. I only know one.
sr. member
Activity: 2030
Merit: 323
May 23, 2020, 01:47:53 PM
   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.
   In few years when prices go up few dollars up and down will not make a huge difference in my opinion. And I
believe that will happen in few years. I started around two years ago and I think I need to hold at least 5 more years.
You can buy basically at any time, the results may vary of course but buying at every moment works wonders if you ask me. Bitcoin is a currency that is against fiat and fiat constantly loses value, look at USA right now, they have printed 2 trillion dollars, they are printing 2.2 trillion more and all of that combined makes dollars lose value as well, yet at the end of the day bitcoin gains value so to me that is awesome. I live in a country where dollar gains value as well, so to me, I am making even more and more.

Buy bitcoin right now, buy it a month later, buy it one year later, doesn't matter where you buy it. The real thing is, when will you sell it, that is the real question, if you sell it at profit that is awesome, if you can't wait and panic and sell, that is the real trouble.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
May 23, 2020, 01:07:58 AM
   I am long-term investor, and I invest when I have money! Once a month from my salary, or once in two months,
depending on bonuses on my salary and expenses for current month for family and house.
   In few years when prices go up few dollars up and down will not make a huge difference in my opinion. And I
believe that will happen in few years. I started around two years ago and I think I need to hold at least 5 more years.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
May 22, 2020, 04:00:26 PM
there are no signs that Bitcoin will return to $ 4000 or under $ 4000, the pandemic is still ongoing and it seems to have an impact on the crypto currency market, because according to current news the crypto and gold currencies are among the best investments, surely everyone does not want bad things to happen, always pray for better future
Im not saying that the current pandemic doesnt have any impact in gold or crypto but if this situation would go even further on where
it will cause economic recession then it would really be expected that there would be movements that would really connect into the issue.
Lets hope that we wont really go into that situation and answering about when to buy in hodlers point of view then it would be surely
on anytime since they do held of coins for long term then buying wont really be a problem no matter what price they are into.
full member
Activity: 1386
Merit: 101
ComboLabs
May 22, 2020, 12:54:44 PM
there are no signs that Bitcoin will return to $ 4000 or under $ 4000, the pandemic is still ongoing and it seems to have an impact on the crypto currency market, because according to current news the crypto and gold currencies are among the best investments, surely everyone does not want bad things to happen, always pray for better future
legendary
Activity: 2100
Merit: 1058
May 22, 2020, 11:57:37 AM
Everyone here wants to buy at the lowest price, but most of the time you can't really tell. It is just like what happened earlier this year, no one knew that the price will fall below $4000 when the pandemic started, it took them by surprised and while some were running out because they thought the price would go down to $2000 or $1000, others who are wise utilized the opportunity and started investing because they knew that's the opportunity they had and no matter what, the price will still go up.

buying at dips may help us to cover all possible lows. Because, no one could exactly predict the lower possible price levels, we do not have any other option except "buying at all dips". It means we should not go "all-in-one". Also, we must have enough patience to wait and watch. But, long term holders are having less hassles compared to what short term investors and traders are experiencing.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
May 22, 2020, 09:40:52 AM
Yes, what you are saying is right. We cannot predict with accuracy, but at least, we can predict where the price will go based on the trading history and analyze the market. We need to analyze before buying bitcoin because, with that way, we can find a good time to buy bitcoin, and that can help us to buy bitcoin at a low price. Like what we see now, bitcoin price is down deeper than a few days ago, so I think it is a good time to buy more bitcoin Grin
the price of Bitcoin has risen again to $ 9100, has gone up to $ 200 in a few minutes, seems to be returning to $ 9500,
but this should be the right moment for altcoin to move

I hope so. The price now still at $9,100 range so the chance for bitcoin price to go up still wide open. I am not sure if the altcoin can move at this moment because bitcoin already drop too deep than before but maybe, some of the altcoins can increase higher. But you need to be careful if you want to trade altcoin pair bitcoin because the altcoin can go down for more without we notice.
full member
Activity: 1610
Merit: 103
The OGz Club
May 21, 2020, 04:47:47 PM
That is good. At least you can have more and more bitcoin while the price is not too high now. Who knows, if in the next months, bitcoin price increase more than the price now, and hit $10k again, so that means, you will make a good profit from that. And after the price hit the highest price, the price will go down again to make a correction to the lower price, and it will go to the higher price again. That will happen like that, and it will happen many times.
The price of Bitcoin is unpredictable and often goes against the crowd because if people are psychologically panicked, it will certainly not be profitable. I think one way or another, you need to consider carefully before deciding to buy because Bitcoin is currently very high and will soon have a major adjustment in the next few months.

Yes, what you are saying is right. We cannot predict with accuracy, but at least, we can predict where the price will go based on the trading history and analyze the market. We need to analyze before buying bitcoin because, with that way, we can find a good time to buy bitcoin, and that can help us to buy bitcoin at a low price. Like what we see now, bitcoin price is down deeper than a few days ago, so I think it is a good time to buy more bitcoin Grin
the price of Bitcoin has risen again to $ 9100, has gone up to $ 200 in a few minutes, seems to be returning to $ 9500,
but this should be the right moment for altcoin to move
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
May 21, 2020, 09:36:35 AM
That is good. At least you can have more and more bitcoin while the price is not too high now. Who knows, if in the next months, bitcoin price increase more than the price now, and hit $10k again, so that means, you will make a good profit from that. And after the price hit the highest price, the price will go down again to make a correction to the lower price, and it will go to the higher price again. That will happen like that, and it will happen many times.
The price of Bitcoin is unpredictable and often goes against the crowd because if people are psychologically panicked, it will certainly not be profitable. I think one way or another, you need to consider carefully before deciding to buy because Bitcoin is currently very high and will soon have a major adjustment in the next few months.

Yes, what you are saying is right. We cannot predict with accuracy, but at least, we can predict where the price will go based on the trading history and analyze the market. We need to analyze before buying bitcoin because, with that way, we can find a good time to buy bitcoin, and that can help us to buy bitcoin at a low price. Like what we see now, bitcoin price is down deeper than a few days ago, so I think it is a good time to buy more bitcoin Grin
full member
Activity: 798
Merit: 104
🎄 Allah is The Best Planner 🥀
May 21, 2020, 09:23:12 AM
Only one solution for good timing to buy and invest with cryptocurrency when bitcoin and altcoin have been support price, maybe you must waiting for when your target coin to buy touch lower price and sell after break out to higher price.
We can't expressed that the coin price has decreased and already at the lowest price if we don't have any strategy. You can't use your prediction without any analysis, you will be depend on FOMO if you doing that and will make you get lose instead of you get profit. At least you have to know the trend line strategy, I think the strategy is really simple and easy to understood. And most trader out there has considered that trend line strategy is the best way to start buying and selling bitcoin or altcoin.

Now that the amount of scams has increased we've to be a touch more careful Not just Bitcoin but every currency has got to be thoroughly analyzed before buying the market. you're right to understand the foremost effective trading strategies  If we will analyze the trade market well and buy bitcoin now's an honest time to shop for bitcoin because there's an opportunity for a price rise within the future.
sr. member
Activity: 546
Merit: 253
May 21, 2020, 07:57:28 AM
I do the same, I buy each week a little amount of BTC not looking the price. In the long time I m in positive respect my investment. I also checked this kind of strategy on a website that simulate for amount, timing, and other variables the % of gain. With 10$ for week in 3 years since 2017 you are +66%

That is good. At least you can have more and more bitcoin while the price is not too high now. Who knows, if in the next months, bitcoin price increase more than the price now, and hit $10k again, so that means, you will make a good profit from that. And after the price hit the highest price, the price will go down again to make a correction to the lower price, and it will go to the higher price again. That will happen like that, and it will happen many times.
The price of Bitcoin is unpredictable and often goes against the crowd because if people are psychologically panicked, it will certainly not be profitable. I think one way or another, you need to consider carefully before deciding to buy because Bitcoin is currently very high and will soon have a major adjustment in the next few months.
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