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Topic: Yes, you who are waiting, what is your excuse now? (Read 635 times)

hero member
Activity: 1652
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The hardest part I think is entering to buy at right price, unfortunately the majority of the people will fear to buy at high price because most of them are short term holders, if someone has already planted BTC for long-term then why do they care about the price?

No one will risk to buy at higher price except long-term holders and big institutions because unpredictable is it's nature, those who bought at 25+ and made profit are very lucky and this won't work Everytime.
sr. member
Activity: 2380
Merit: 366
@STT Yes, this thread is about pullbacks and whether people are taking advantage of it or not, whether they really are bullish or positive of Bitcoin or not.

It is easy to heap praises for Bitcoin but when it comes to putting money where the mouth is that's the hardest part. It is easy to say I have missed a lot of opportunities and I won't allow it to happen again. But when the time comes they still wouldn't buy because emotions, particularly fear, consume them.

They always have excuses. I wonder what they are right now that Bitcoin is already $34,562.
STT
legendary
Activity: 4102
Merit: 1454
This thread is about pullbacks and we have one now on a Sunday moving into a Monday working hours situation so a repeat of similar price action in the past, seems relevant to post here.   Its always reasonable to consider the pullback as a nicer price (to buy) for a similar bullish situation on a weekly perspective.



So the support lines here actually date back 12 months and its a trend, this is the bullish trend early in last year that failed about Feb 15-19th and led into the covid low.   Extrapolated to now it gives us this pricing as being very full is how I read it.   Strangely the lows now and on Friday respect this trend and we close above it on 1hr bars, showing some positive action.     
  The blue line is 2 day average which was marking very bullish action and keeping us as lows and orange is the weekly average and fairest measure of a positive or negative trending market.   We remain positive then on a couple measures though it must be quite unclear to many at these heights.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
IMO, people who said I am waiting for the dip to buy may never utilized the opportunity at 28K because they expected the prices to reach $20K or even lower than that like what happened in 2018 beginning but this time the dip no longer exists and the prices raised upto 35K again so they must be regretting and keep saying that "they are waiting for the dip to buy", forever. Cheesy
This is why those people never make profits, at some point you need to pull the trigger, yes the price was high but if you took the time to look at the strength of the movement then you could have seen that the movement was not going to slow down and if anything it accelerated speed after it reached the 30k level.

As such we need to be completely sure of what we are doing and if we are not maybe it is time to stop trying to be a trader and buy the dip and just buy and hold our coins for as long as we can.
sr. member
Activity: 1050
Merit: 286
If you are into short term trading, you'll buy when you see a dip, but for those who are trying to get a bigger discounts, maybe wait until the bear market will arrive, it's not always that bitcoin will rise, what we are seeing now could be bitcoin's peak already, so it's not a good timing to buy IMO.
Many people say that it will take a long time for us to experience the bear market again, so it is too late for some of us to buy bitcoin today because bitcoin's price is very high that it creates a new ATH again. The best thing we need to do this big pump of bitcoin is to wait for its price to decrease below $20K and avoid buying more bitcoin when its price is getting higher.

Without a doubt, it is not advisable to buy with new highs, but as the market goes, as soon as there is a correction it is the perfect opportunity to buy, the price increase is sustained and remains with a very good volume, that means that the support It is for new investors which, they will not drop the price, I think that every moment is an opportunity to win with the market.
It is indeed risky when you try to buy crypto as high as it is right now. You can really do that if you are good at trading and you can do day trading which you can monitor the price often, but if you consider long term holding, it is not actually a good idea since the price as of now is high, there's a big possibility that the price will go down since the crypto itself is unpredictable because it is volatile in terms of its price.  Maybe you should wait for the time that the price will go down, and then go buy when that happens.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
If you are into short term trading, you'll buy when you see a dip, but for those who are trying to get a bigger discounts, maybe wait until the bear market will arrive, it's not always that bitcoin will rise, what we are seeing now could be bitcoin's peak already, so it's not a good timing to buy IMO.
Many people say that it will take a long time for us to experience the bear market again, so it is too late for some of us to buy bitcoin today because bitcoin's price is very high that it creates a new ATH again. The best thing we need to do this big pump of bitcoin is to wait for its price to decrease below $20K and avoid buying more bitcoin when its price is getting higher.

Without a doubt, it is not advisable to buy with new highs, but as the market goes, as soon as there is a correction it is the perfect opportunity to buy, the price increase is sustained and remains with a very good volume, that means that the support It is for new investors which, they will not drop the price, I think that every moment is an opportunity to win with the market.
member
Activity: 1120
Merit: 68
If you are into short term trading, you'll buy when you see a dip, but for those who are trying to get a bigger discounts, maybe wait until the bear market will arrive, it's not always that bitcoin will rise, what we are seeing now could be bitcoin's peak already, so it's not a good timing to buy IMO.
Many people say that it will take a long time for us to experience the bear market again, so it is too late for some of us to buy bitcoin today because bitcoin's price is very high that it creates a new ATH again. The best thing we need to do this big pump of bitcoin is to wait for its price to decrease below $20K and avoid buying more bitcoin when its price is getting higher.
hero member
Activity: 2856
Merit: 667
If you are into short term trading, you'll buy when you see a dip, but for those who are trying to get a bigger discounts, maybe wait until the bear market will arrive, it's not always that bitcoin will rise, what we are seeing now could be bitcoin's peak already, so it's not a good timing to buy IMO.
STT
legendary
Activity: 4102
Merit: 1454
Maintain capital and carry profits is more sensible approach, right now the market is trending up but its easy to be caught out at times which is why I'd take the more cautious approach.   There is a main breakout from a negative trend where we beat the line falling from 19k through last years summer top and this autumn made those ideas part of history but eventually that breakout also becomes part of the landscape and it wont be so easy again.  
hero member
Activity: 3010
Merit: 794
I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?
Those words could be heard off endless times with this speculative market so its not something rare and we've been reading and hearing it every now and then.

Some will took up the risk on entering a position after a correction.Some will be shook off their hands to the believe that the market will crash.It do depends on how someone do actually handle such risk.
For people who had thought and believe positively and mixed up with some good technical which are their main basis on where they should enter then that did really pay off.

For those who wait up and for those who sell out on the right time and buy again when its cheap.Rinse and repeat until you reap off profits but dont forget that
market isnt always in your side.

People would just whine that they hadnt able to get in when the price is still low and now the price is on the rooftop then those regrets will keep flying around.
You would keep on reading up those words on this speculative market.
hero member
Activity: 2562
Merit: 586
It is a cycle and reasoning that never ends. Those watchers will say that it is expensive to enter @ $33k and they are expected to say the same thing when bitcoin enters $40k onwards. While the institutions are doing their thing to accumulate in the best that they can, leaving few btc in the circulation.

I didn't did my part but still held strongly when I've seen it down on $28k-$29k. Honestly I was about to secure profits but did just hold because I knew it will recover and I guess I did the right decision.
Not all of us have to buy and do something about bitcoin to help it grow, as long as you do not sell thousands of bitcoins per day, you would be a fine one and wouldn't really end up doing something majorly bad for bitcoin. I personally didn't end up buying too much, I knew it would go up, I talked with friends about how it will go up, we all knew it would, but we couldn't take advantage of it, mainly because 2020 sucked big time and it was a horrible year and we had debts to pay and income problems and so forth, which meant that we didn't have money to put into bitcoin.

So we knew a way to profit, and yet we failed to take that profit because of lack of capital. Next stop for me is to create a capital, preferably on crypto, I want to have as much crypto as possible to take advantage of the alt season that would probably see coins go up 2x in price.
legendary
Activity: 3234
Merit: 5637
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I also know of someone who closed his position at $28-29K and boasted that he'll just come back in the fourth quarter of this year. I wonder how that will work out for him Huh (not really related to the topic, just sharing).

So for someone who bought at a price of say $5000, a profit of almost x6 in less than a year is something that is not rejected so easily - especially considering that most are counting on a new big correction to re-enter. The big question is just how high the price can go before the correction comes and how much it will be. 50% of $100 000 would mean that many small investors will not get back into the game so easily, but that is their problem now.



I have to say those big companies getting in is not the only reason why bitcoin went high, I think they are definitely playing a big role, but that is not the only reason, they have done that before, many big companies got in, but it didn't increased this much.

Show me an example of some big company that publicly invested in BTC before halving this year or back 2-3 years and that was the news in some media? Even if you find something, it can't even come close to measuring the magnitude of what's currently happening - and that is that hundreds of thousands of BTC are disappearing from the market every month. Of course there is another good reason, it's called halving and like the previous two times it probably hasn't shown its real effects yet.

If we want to explain the whole thing in the simplest way, we can invoke the law of supply and demand, and that is exactly what is happening with Bitcoin.
sr. member
Activity: 2618
Merit: 439
Yeah i am one of those who are asking for this chance but the sad part is that I have no funds available now , all my Money are inside crypto and i have no plans to release them now .

yeah that is an opportunity but i would rather stay Holding now than selling to Buy dip.

I'm not in a Hurry so taking time will keep me safe as well.
hero member
Activity: 2520
Merit: 783
I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?

For sure the reason of majority is they are afraid to buy at the current rate since actually the FOMO feeling is now happening in the market and we already break to many ATH at this current rate that's why I can't blame others to think about the upcoming bear that's why many ask about that "what is the best price to buy or when to enter".

But we should remember that upon trading is doing this without a chart is like walking in a complete darkness without a light so it really a must to have that to have an indicator on when to enter.
full member
Activity: 2548
Merit: 217
I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.
I don't give importance on those posts and besides i mostly Ignored since i'm sure it was created for a sole Purpose and that is for Spamming purposes .
Quote
In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.
I have Bought another small amount , actually my Winning from gambling that supposed to be for Playing was denied and Put into Bitcoin investment.
Quote
To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?
Surely Only few of those who posted of waiting for the DIp who Buys recently because majority are still afraid in engaging because the High value of BTC is really scary to gamble these days.
legendary
Activity: 2968
Merit: 3684
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Yes, I also do this every time when there's a dip at this peak and realizing that all of this time, we're in good price whether it corrects a bit. It is making me relieve whenever I look back at the past, a year to three ago.

Just in, bitcoin = $37k, and the entire crypto market cap is $1T.

Yup! I saw that. Feels weird still to be actually online and watching new ATHs hit. It was strange enough in 2017 throughout but at these prices, it feels even more surreal. I've always wanted it to be a little slower but I if it's going to keep going this way, I'd rather the momentum carry on for much, much longer. The longer cycle most people think it's headed for!
hero member
Activity: 3038
Merit: 634
We all do! And what I meant by timing, is trying to sell at peak and invoice (as a freelancer earning in crypto) when prices are at a dip. Hasn't always worked out, and probably wise not to do during a rally (or a bear market).
Hehe. I forgot that I've also held for long and enjoying today's move.

And what I meant by keeping good records is, you can always look back over a year when doing books and see for yourself you basically make more or less the same without timing. Less headaches to just sell/invoice/buy at fixed periods and effectively cost average it all out.
Yes, I also do this every time when there's a dip at this peak and realizing that all of this time, we're in good price whether it corrects a bit. It is making me relieve whenever I look back at the past, a year to three ago.

Just in, bitcoin = $37k, and the entire crypto market cap is $1T.
legendary
Activity: 3486
Merit: 1055
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I'm waiting to sell and not waiting to buy, my reason is because I've been buying gradually when the price was still below 20k or before it hit the ATH line, so now I just have to wait to sell. That doesn't mean I stop buying, because there are many other coins worth owning too, so buying them before touching ATH before is just like I did in bitcoin, I think it's the best way for me personally. however, if I still have a lot of money to spend, then it is very possible that I bought yesterday during a correction because it was a moment to look forward to.
legendary
Activity: 3318
Merit: 1128
BTC at $30K is not entirely unexpected because some people have been calling for it. Most of us just didn't listen. The 50% drop will only happen once institutional investors, who are also the major reason for the pump, starts leaving the market. As it is now, I don't see that happening anytime soon with the inflation caused by the pandemic.

People are also calling for other numbers, so although in my opinion it is not disputable that the numbers will be reached in the future, few expected that the new ATH will be reached before the end of last year. Most still hoped (including me) that the price of BTC would rise to a maximum of $15 000 which would be about a 100% increase over halving, but who could count on MicroStrategy or the incredible amounts of BTC that Grayscale started buying?

In other words, nothing is the same as before and I do not dare to speculate at all what will happen by the middle or end of this year. The fact is that the price depends on the big players, but we are completely unaware of what their plans are - we can only hope that BTC will not be treated as something temporary to make a quick profit.
I have to say those big companies getting in is not the only reason why bitcoin went high, I think they are definitely playing a big role, but that is not the only reason, they have done that before, many big companies got in, but it didn't increased this much.

Studies shows that each 100 million dollars in a regular break even market (meaning same amount of bitcoin sold and bought at the same price, not going up, not going down) would make it go up 1%, which means even with 1 billion dollars you can only increase the price 10%, or even if you get in with 10 billion dollars that would be double, so they were not the main reason.

We have increased more than anyone have guessed and that was thanks to all of us, we are really doing awesome because everyone believed in bitcoin and as long as we keep on believing the price will go up, we are going to have the same result.
sr. member
Activity: 2226
Merit: 347
I have read a number of questions such as 'when to enter?', 'what is the best price to buy?', 'should I wait?', etc. And statements such as 'I am waiting for a dip to buy', 'I should've bought at this and that price', 'Bitcoin is now very expensive', etc.

In the past 24 hours as per CMC, Bitcoin has reached $34,346.59 USD and fell down $28,722.76 USD. There was around $6,000 USD in difference or should I say discount.

To you who waited for a dip, did you buy at $28,722.76 or did your hand shake? Did you act on it or did you wait for more? The train slowed down for you. The price fell down for you. Did you buy?
For sure this situation had made out neither those who wait for the dip and for those who do eventually shake off their hands when they do saw that the price had go down so fast.

I can really tell that lots of people had presume out that this might be the another 2017 event that did happen in the past where the price had crashed down to the floor.

Lucky for those who entered in 28k and able to make profits in a short span of time when the price had clinged up to 35k which its really a good positioning in a short span of time.
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