Topic: Who is buying like me - page 4. (Read 1120 times)

Bitcoin is trending sideways, that may be true. However, before the halving, I think the demand for bitcoin will increase due to FOMO and so on. People will take advantage of the halving moment to gain quick profits, it could be that after the halving a large correction occurs due to high selling pressure.

Regarding ETFs, the company will buy bitcoin in an effort to maintain its financial balance when customers sell holdings. They have to sell whenever and at any price if their reserve budget is not enough to pay their customers, so high selling pressure can make prices fall even more. There are concerns about that, but in the long term I think Bitcoin is still very likely to provide high returns to its holders.

If I may know what bad consequences could arise from this for Bitcoin? Because I still think that if there were more people holding Bitcoin before or after the halving it would definitely be much better for Bitcoin itself with the potential for a more valid price increase to occur. But on the one hand, you might think that the managers of the ETF will throw away Bitcoin after the increase occurs, but I would never worry about that because holders who have invested their trust in Bitcoin so deeply will not throw away Bitcoin carelessly at one time.

i didn't invest in bitcoin because bitcoin etf was launched, i invested because bitcoin has potential in the future and investing my money in it was the wisest decision. because if you put your hope in bitcoin just because of the bitcoin etf alone and it doesn't go according to what you expected, then it seems like you will quickly sell the bitcoin you hold. but if you invest in the potential of bitcoin, then you can hold it for a longer period of time.

invest in bitcoin because you really believe in it, don't just for a moment because of news or things that increase the price of bitcoin, because if so then you are no different from speculators.

The accumulation isn't over yet, so keep going until you think it was enough OP. ETF is over but halving is coming near and we expect for a price surge. Can't hide the excitement we feel but we should still be wise keep on the limits, and just invest the amount that we can afford to risk. Keep in mind that hackers are everywhere, and keeping our wallets secure is highly recommended. Perhaps, it was part of our investment strategy and preparation so we can fully enjoy the upcoming bull season and ATH.

The approval of a bitcoin ETF will cause significant changes in the market; it may not happen immediately, but we will see the impact it will have on the market when the time comes. Bitcoin will reach a new all-time high soon after the halving and when the bull run begins. While we wait for the bull run season and the impact of many big players (speculators, whales, manipulators) in the market, let the DCAing continue, as I believe bitcoin will cause a new wave in the blockchain ecosystem soon, and everyone who has invested in it will profit greatly. 

I think whatever thing you are doing right now concerning purchasing of Bitcoin and any other altcoin you should be careful and the mindful of what you purchase now because there is every tendency that the price of Bitcoin mighty rise and also the price of Bitcoin may fall, because everything is based on timing and targeting for any cryptocurrency investment especially the Bitcoin that everyone invest on, for you to make a profit in Bitcoin investment you have to study the input and the output of cryptocurrency especially Bitcoin knowing when the market is friendly and when the market is also unfriendly so that you will make a very good profit from the cryptocurrency Investment or bitcoin investment

All decisions to buy and hold are your own plans and they are good decisions. Buy Bitcoin gradually and wait for the bull run to arrive. If you are able to hold it for a long time I am sure it will give you many benefits. You're still just getting started, we're entering an incredible 2024 and the Halving is just around the corner. buying in stages with DCA is a good strategy and keep doing it.

For quite some time now, large exchanges and funds have a huge amount of bitcoins, so the worst has essentially already happened. And now they dictate where and how they will move forward; nothing depends on small traders for a long time.The moment was lost as soon as large monopolistic exchanges appeared and when hundreds of different altcoins appeared on the market. So now we can only adapt to the current conditions and guess what the giants are planning.

Those kind of market sentiment is already reflecting out or does already happening on crypto space specially on that buy the rumor and sell the new because if we do tend to compare this crypto market into those traditional market like stocks/forex then this is something that typical. We've seen that this space isnt really that following into that kind of sentiment but now that those fellas are already that getting involved into this space
then it do really turns out that it is already that getting in line with this kind of approach and this is why people might have been able to make out that significant action on which there indeed people who do able to secure
their position and able to save up themselves on that opposite direction on which we've seen on what happened on the price on that ETF approval news on which instead the price would be going up
we've seen the different movement instead on which its not that actually shocking but rather its already that anticipated. It is really just that there are ones who are really that too optimistic on things
on which it did really lead out into that kind of wishful thinking on which its never been that recommended to be that way.

wasn't it buy the rumors and sell the news events? I think the news has been sold and now the time for consolidation for bitcoin. IMO bitcoin will not start moving upward before the halving and even after the halving bitcoin will still continue moving sideways. In the meantime all those ETF managers will keep buying bitcoin and they will emerge as the biggest bitcoin holders in the industry. Which is good for the short term but in the long term this things can turn ugly.

So happy for you on your Bitcoin journey, the approval has come to play but why haven't we seen any sign of it like we should be seeing a drastic move of Bitcoin price starting from when it was approved, but we're still having same amount up till this moment. To me I'd love to see BTC at $50k and above, is like nothing of surch I'd going to happen till the halving period, I hope to see a positive change in the transfer fee too because that alone is killing business.

I bought some of an ETF for my RothIRA account. Seemed like something I should take advantage of for some sweet tax free gains. I went with Fidelity’s ETF because I liked the idea that they aren’t using Coinbase for custody to diversify the space. At some point though I may decide to buy shares in Coinbase & Blackrock while switching from Fidelity to Blackrock’s ETF.

My thoughts are the same.Buying or selling because ETF spots are approved or not does not seem a very informed decision, let alone a smart one. And in fact, after the ETFs were approved, what happened was a dump, where many people who bought for the same reasons as the OP are sure to sell and lose money. Looking at the long term and what bitcoin is, rather than whether or not something external to it is approved, is a more sensible way to invest.

What about ETF do you welcome with such joy? Is it fun or does it make your heart beat faster? After the approval turns out to not match expectations, investing in Bitcoin must have a thorough plan. You might have a little fomo because it seems like after approval everything doesn't make sense. But this is the Bitcoin and crypto market is always difficult to predict. So always remain rational and have a good investment plan according to your considerations. Don't think too much that everyone can get rich overnight. A wise investment is when you have a plan well in advance, ensuring a stable income because the fluctuating market requires a strong mentality to face.

Good for you, that means that you're going to get a really huge profit, your only problem now is the temptation to sell so quickly for a small profit when you can potentially hodl a little longer, the way you speak about it is that you're confident that you van hodl for a long time so I'm believing what you're saying. Don't forget to still accumulate though, DCA is still a good thing to do so you can maximize potential profit and at the same time you're not having a stagnant investment.

too late to say this because I started buying long before this thread was created, and long before the ETF was even approved. I don't care about the ETF decision because I'm sure whatever the outcome, the price of bitcoin will continue to increase over time. but let's dance together because ETFs are approved 

I can see the joy in you, friend, that is good but be careful and ensure that you are more vigilant than being excited. And by what you have described as what you did about your investment in the coin, I can say that you might have been wise to DCA judging by the time you wrote this topic. If not, you would have regretted buying at a higher price which Bitcoin has moved lower from and we do not certainly know the fate of it in the next months. Regardless, DCAing means that you must have been buying it at some random levels that can't be an issue again, especially if you bought at around $40,000 before it made some significant rebounds, then you are doing well, bro.

Besides, Bitcoin is an asset that we can trust over a long period of time, it has its bullish seasons, which is why everyone is so confident of it that if it falls at times, it will rise back. You can also hold on to that as it has never failed. This is especially true as you bought the coin at this time when FOMO is trying to return back to the market due to halving. It will certainly move higher, it is only a matter of time. Bitcoin is so good to the point that if you are conversant with it, you can buy at any time and will still be assured that you make your money. But the smartness there is that we should not be blind buyers or followers of the coin, but should be wise and use analytical means to guide ourselves effectively.

And that is the benefit of having a deep pocket in crypto, as you buy and take that opportunity to buy when the price declined and just wait for it to recover and then easy money, if you are going to sell and repeat the process again, or just continue to HODL on it and wait for another buying spree.

But for those like me who might be struggling to be as I'm just a average joe investor, this opportunity could pass me by if I don't have the money when there is a dip. DCA is one way for me to accumulate, a slow process but it's going to be rewarding once we are officially in the bull run as I can see my portfolio really growing overtime.

Those who are able to buy in large quantities when they see declining market conditions of course understand well that this is an opportunity they have got and they must take advantage of this opportunity to be able to collect the amount they can afford and of course they will make a profit, for Currently, most people are collecting and holding rather than selling because they are waiting for the highest possible price in the next few months.

I don't think many people bought bitcoin when it dropped below $20k because then fear prevailed rather than excitement. I remember when bitcoin fell below 20k$, many people kept waiting for bitcoin to fall below 15k$ to buy but in the end that didn't happen. I even know some people who believe bitcoin will fall below $30k again and they haven't bought anything so far. It can be said that not everyone believed and was brave enough to buy when bitcoin fell below 20k$ last year.

I also don't think we are still in a bear market, bear season is over and we are in a pre-bull phase, IMO. A target of $80k by the end of this year is not impossible, but I prefer the scenario of bitcoin reaching its ATH in 2025.