Topic: Yes, you who are waiting, what is your excuse now? - page 3. (Read 635 times)
We can enter the market when the price is down, and we already saw it happened many times. The best price that we can buy is the price that you can accept to buy. You can buy bitcoin anytime you want and you do not have to wait for the price to go down, but it is better to buy bitcoin at a low price. I already buy bitcoin at $30k and still hold it for more because I believe that the bitcoin price will increase to the high price.
I must have blinked when the price did that. It's down a little at $31,500 currently. If you're that keen an investor you're waiting for a pothole before you buy, then you probably already know what you are doing.
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 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.
If we got 3000 or 5000 even the sentiment at this time would be abysmal which is why people end up saying its bullish when none of the recent threads reflect buying in but similarly when every single thread is hyper bullish its a red flag to watch out for because it shows likely too many of the buyers are already in the price.
It is hard to know when the dip is purely short term, volume is something of a clue but we have alot of different exchanges so some use Bitfinex as reference
It is hard to know when the dip is purely short term, volume is something of a clue but we have alot of different exchanges so some use Bitfinex as reference
Apparently, it seems like when people say something like "I'll wait for a dip", they're waiting for something like $3000 lmao. And when 'if' it actually comes(I think it's highly unlikely in this case), they'll be like "I'll wait for it to drop more".
Quick lesson: Just dollar-cost average, ladies and gentlemen. https://dcabtc.com/
Quick lesson: Just dollar-cost average, ladies and gentlemen. https://dcabtc.com/
The people you are addressing probably won't read the post. They are also more likely to buy expensive and sell when it goes down because they get scared, as extasie says, which is the opposite of what you should do. The excuse for not buying this dip is the same as for not buying at $4-5k in March: for them it looks like the world is going to end.
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!
And it might drop further yet. If we got an instant retrace to $34K, we could say with confidence the dip is over. Instead, price tagged the 0.618 retrace and is now printing lower highs. Another leg down and/or a mid-term correction that stretches for weeks is still possible.
I wouldn't call it over quite yet. The time to rub it in will be when the market is back pushing new highs.
Yeah, heard that a lot.
Up until now its still full regrets they didnt buy anything before or even just a week ago.
Well, they love to wait. So I guess we also just have to wait for their courage to be complete before we expect them to move.
You cannot please everyone or force them.
Its their choice and will also be their emotional problem if regrets took over.
Up until now its still full regrets they didnt buy anything before or even just a week ago.
Well, they love to wait. So I guess we also just have to wait for their courage to be complete before we expect them to move.
You cannot please everyone or force them.
Its their choice and will also be their emotional problem if regrets took over.
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?
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 certainly an opportunity to stock up on positions if you haven't already.
But I would only advise to do so if:
a) You are comfortable holding coins long term. This is the most important and probably the most deceiving - you must be absolutely brutally honest with yourself whether you are in BTC for the long term fundamentals or just for the short term gains.
b) You are not buying on credit. Taking loans out etc. just to buy into the FOMO is probably one of the worst decisions that you can make financially.
Also, make sure you dollar cost average - it is entirely plausible that BTC prices drop further in this correction. It had been a crazy pump.
Unfortunately not everyone knows when to get in when the price is so high, and I understand them. I do not get involved all-in, that is not my style and I would advice everyone against it as well, but there are tons of people who do that, and when you want to get involved this much all at once, you have to get in at a right price.
When the price went down, it was obviously a chance to get in, and everyone who had a bit of money should have bought some, but at the same time there were tons of people who waited for a crash, not just $28k but even further down as well, so they probably waited for it to go down even more before they got involved. The good thing about it is that since price went low but then skyrocketed back, that means price obviously recovered by a lot of people who bought, which means there were tons of people who bought when it went down.
When the price went down, it was obviously a chance to get in, and everyone who had a bit of money should have bought some, but at the same time there were tons of people who waited for a crash, not just $28k but even further down as well, so they probably waited for it to go down even more before they got involved. The good thing about it is that since price went low but then skyrocketed back, that means price obviously recovered by a lot of people who bought, which means there were tons of people who bought when it went down.
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?
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?
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