Yes, you who are waiting, what is your excuse now? - page 2.

buwaytress

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Quote from: sunsilk on January 06, 2021, 07:29:38 AM

I also do some timely sell just for the bills and other important stuff that I'm obliged to do. Congratulations on your strategy that you've been doing and your efforts done for the past years are worth it and you deserve the gains that you're getting today.

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). 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.

Bttzed03

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Quote from: Lucius on January 06, 2021, 05:52:21 AM

~
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.

This I can relate to. It's better to just wait for BTC to fly as more big players are coming in. Even some of the day/swing traders I've followed in the past have switched to altcoins which is indicative that they find it riskier to short BTC at the moment.

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).

sunsilk

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Quote from: buwaytress on January 06, 2021, 03:33:45 AM

Quote from: sunsilk on January 05, 2021, 08:26:45 PM

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.

Easier said than done to ignore the psychology of numbers and just dollar cost average. I do my best, and am happy to say it's worked out well. I used to try and time my buys (and sells, you know, to pay the bills) but I've gotten better over the past 2 years of just trying to keep it at fixed intervals and that's just worked out so well. Of course, I did switch habits a little around November... timing sells, and it has worked out too for a little more dollars than I would have had I stuck to schedule.

Keeping records and calculations are handy when cost averaging. Helps you convince yourself to stick to it.

I also do some timely sell just for the bills and other important stuff that I'm obliged to do. Congratulations on your strategy that you've been doing and your efforts done for the past years are worth it and you deserve the gains that you're getting today.

Quote from: jrrsparkles on January 06, 2021, 02:26:12 AM

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

They even expected to wait for the price below $10k and then $1k-$3k at first. Now, they don't know what to do and they're pushed to buy at the peaks.

Lucius

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Quote from: Bttzed03 on January 05, 2021, 10:50:05 AM

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.

buwaytress

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Quote from: sunsilk on January 05, 2021, 08:26:45 PM

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.

Easier said than done to ignore the psychology of numbers and just dollar cost average. I do my best, and am happy to say it's worked out well. I used to try and time my buys (and sells, you know, to pay the bills) but I've gotten better over the past 2 years of just trying to keep it at fixed intervals and that's just worked out so well. Of course, I did switch habits a little around November... timing sells, and it has worked out too for a little more dollars than I would have had I stuck to schedule.

Keeping records and calculations are handy when cost averaging. Helps you convince yourself to stick to it.

Oasisman

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People has many different definitions of the word "dip". Some might want to see a price below $10,000 (which is currently far from happening by now considering how high Bitcoin have reached today), some might consider below $20,000, but these types of people are like the doubters and probably end up not buying a single fragment. Then, here's the people who has regrets from the past, buying the high price and riding the train
. I don't know, but people won't ran out of reasons.

crwth

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It's easy to say that now but now, many people have funds but were too scared to risk it because of the amount they are risking. The best way to have a different kind of mindset is to deposit a portion of the money that you have earned so that you won't be shaking because of the fear of losing money. That's what I felt when I'm risking more money than I can't afford to lose. Same as gambling as well.

I believe that everyone who has posted here has their own stacks of BTC and not willing to cash out yet.

jrrsparkles

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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

LogitechMouse

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Quote from: Fundamentals Of on January 04, 2021, 07:22:50 AM

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?

I don't have cash at that time and I don't have any intentions to buy Bitcoin at that time although I saw Bitcoin went down to that price a few days ago.

There are some investors probably who bought at that price or at least close to that price but there are some who waited for Bitcoin to dip lower and its quite unfortunate for those who waited for a more downward movement more as Bitcoin is at $35,000 as of this moment Cheesy

. Congrats to those risk takers who bought at near $28,000 because you got yourselves some profit for now

.

sunsilk

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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.

rodskee

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Quote from: Fundamentals Of on January 04, 2021, 07:22:50 AM

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.

Just check the profile of those accounts that asking these questions and you'll find the answers ..Most of those are just Dummy account of spammers and created the thread for their accounts to spam.

Quote from: Fundamentals Of on January 04, 2021, 07:22:50 AM

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 small amount at 29,000 as i thought that was the bottom and no regrets even if it falls until 28,000.

Quote from: Fundamentals Of on January 04, 2021, 07:22:50 AM

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?

Lucky that i did, because i am almost 20% profit now at this very moment.

Saisher

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Quote from: Fundamentals Of on January 04, 2021, 07:22:50 AM

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?

It's the volatility of the market that makes the people continue to ask when is the best time to buy, there are a lot of good option to buy, when there is a dip when there is correction and the best time is when Bitcoin is crashing, but it's always recommended that you invest what you can afford to lose in any condition that you choose to buy Bitcoin.

exstasie

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Quote from: Timelord2067 on January 05, 2021, 12:05:08 AM

The old adage buy low, sell high is true for Bitcoin. We are at all time highs, so those getting out now have made their money. Those buying now are going to have to hold their nerves for months ( years? ) Until the price recovers when it next bottoms out.

The $34.8K high is ~75% above the previous ATH from 2017.

For comparison, after breaking the 2013 ATH, BTC rallied another ~1600% before topping out near $20K.

Do you really think the upside is limited to that 75% extension? I don't.

If the price feels high, I suggest replacing that adage with a new one: buy high, sell higher. Wink

el kaka22

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Didn't this kind of happened already? I mean I am not the wisest person to talk about the markets, you can surely find someone better, but doesn't the price reflect that? You are talking about "did you buy when it was 27-28k levels?" and when I look at the jump, it looks like it did went under 28k for a very very quick period of time, it didn't stayed there a lot and price jumped right back up to over 30k very quickly and already 31k.

Now by logic, for bitcoin price to go up, what do we need? We need people to be buying more bitcoin than selling it, well if the price went up, what does that tell us? It means people bought more than they sold. This also means when the price went to 27-28k levels, it is obvious that people actually bought at low level and considering how it went down from 34k, it means they sold at high levels as well. So, it looks like everyone did what they have to do correctly.

wxa7115

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Quote from: Fundamentals Of on January 04, 2021, 07:22:50 AM

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?

Most likely they did not bought at those prices, people that say things like that are always waiting for the perfect opportunity to enter the market not realizing there is no perfect opportunity, you will always have to take a risk if you want to become profitable and if that means buying bitcoin when the price went down so significantly then so be it.

However they are greedy and they want a bigger drop however once that big drop happens then they are worried the price could keep going down and they do not buy, as you can it is a never ending story with those people, they are always waiting for some nebulous entry point that never materializes.

BrewMaster

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historically all those who have been waiting for a "dip" have no clue about the future of bitcoin since they mostly don't even know what bitcoin is. they just think of it as something you buy that may go up and make you rich!
consequently these people are easy on believing any FUD they read which is why during dips they always remember all those FUDs about bitcoin is dead and panic thinking that is the last time so they don't buy.
in fact this type of people is one of the biggest reasons why we keep seeing FOMO buys in bitcoin.

Bttzed03

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Quote from: Lucius on January 05, 2021, 10:36:00 AM

~ Let’s be realistic, the price above $30 000 is extremely high and unexpected, so small investors are left out and waiting for some new correction to re-enter. With Bitcoin one should always count on a surprise, but I ask you does anyone see a 50% correction as something realistic at this point?

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.

Fundamentals Of

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Quote from: exstasie on January 04, 2021, 05:04:50 PM

Quote from: Fundamentals Of on January 04, 2021, 07:22:50 AM

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?

I'm sure most people didn't. Usually when people are waiting for a dip, they end up chickening out and becoming too fearful to buy once they see how fast price is crashing. It's down 10%, then 15%, then 20% in less than a day.....it's very easy to think it'll drop further. Lots of bids got pulled yesterday, I'm sure!

That's so true. Many of those who are waiting for the dip were probably left out from this quick discount giveaway. That sudden price fall probably gave them a little worry instead of excitement. It actually takes more courage to buy during a hard fall than during a rally. That's so wrong but true.

Quote from: Timelord2067 on January 05, 2021, 12:05:08 AM

The old adage buy low, sell high is true for Bitcoin. We are at all time highs, so those getting out now have made their money. Those buying now are going to have to hold their nerves for months ( years? ) Until the price recovers when it next bottoms out.

That old adage is easier said than done. It takes turning off all emotions. That's why trading, a profitable one at least, is such a hard and stressful thing to do. Lol.

Lucius

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For those who follow the thoughts of some forum users a little better, it is easy to conclude that they are waiting for a price below $20 000 because this bubble must burst - and they are all affected by what happened at the transition from 2017 to 2018, or what happened in March last year.

Let’s be realistic, the price above $30 000 is extremely high and unexpected, so small investors are left out and waiting for some new correction to re-enter. With Bitcoin one should always count on a surprise, but I ask you does anyone see a 50% correction as something realistic at this point?

cryptomaniac_xxx

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Yeah, we have seen many 'investors' complain that the price is too high, but when we had a correction, still the price for them is too steep, lol. I guess everyone is waiting for the price to go to 4 digits again, but I don't think it will happen now as the market is in a super fast rally. We might get to $35k even this week if everything went perfectly again.

Topic: Yes, you who are waiting, what is your excuse now? - page 2. (Read 635 times)