Bitcoin Thread

[Jackes1754]

Yip, we cannot see the future....I would use this time to accumulate

This is EXACTLY why I am asking.... Pondering what the buy amount should be!

 

[enerdude]

This is EXACTLY why I am asking.... Pondering what the buy amount should be!

How do you think anyone should know the exact lowest point? Now would be a good time as it has dropped quite a lot.

 

[backstreetboy]

Anybody with a good guess how low this dump can go? 20/30/40%

Global economic crash is looming. Who knows what's going to happen.

 

[Jackes1754]

How do you think anyone should know the exact lowest point?

As far as I am concerned, that, was not my question!

 

[Temujin]

This is EXACTLY why I am asking.... Pondering what the buy amount should be!

You can always average in, eg, if you have R10k, put buy orders like 1k now(45k ish level), 2k at 42, 3k at 36, 5k at 30... that way if it goes up, you have something cheaper, but if it dumps more, you get more the lower it goes so although you didn't get it all at lowest, your average will be lower than the maximum you paid

 

[enerdude]

As far as I am concerned, that, was not my question!

Then what is your question. Nobody knows when is the perfect time to buy, I personally are buying more now just as @duderoo implied.

 

[saor]

40k-43k is in play atm. If that breaks(I doubt, but is possible) we could see as low as 28k again

Yeah might go $40k and if it drops again maybe $35k. Who knows what happens after that. Let's see though - it might just do a stupid bounce back up from here.

 

[duderoo]

Lets see if the bulls can drag this above $50k for us

 

[Gtx Gaming]

@Elon we need you lol

 

[duderoo]

As far as I am concerned, that, was not my question!

If I knew that answer I would bond my whole house and put all of it into bitcoin.

 

[duderoo]

This is EXACTLY why I am asking.... Pondering what the buy amount should be!

Maybe you should skip trading bitcoin or at least to a trading 101 course. If any trader knew that answer we would not be working full time. Read up on some terms such as support and resistance levels and that may give you the answers you are looking for.........the key word is may.

 

[Jackes1754]

Anybody with a good guess how low this dump can go? 20/30/40%

1. Guess, not know...
2. Guestimate, not exactly...

And yes, I have seen supports and resistance and hence my question, because surely there is a lot of guys here doing it longer than I am and that has more information on the subject than the limited amount I have. But anyways, lets move along...

Thanks for the informative responses.

PS: no trading involved, only holding long term.

 

[duderoo]

PS: no trading involved, only holding long term.

Then you should be good

 

[saor]

How do you think anyone should know the exact lowest point? Now would be a good time as it has dropped quite a lot.

Or let things cool off. Wait for some sideways movement and then open a trade. That at least allows you to define a decent stop-loss on the downside, assuming you're trading and wanting to mitigate losses. Long candles are a kak place to trade.

4HR chart

 

[enerdude]

Or wait for things to cool off. Wait for some sideways movement and then open a trade. That at least allows you to define a decent stop-loss on the downside, assuming you're trading and wanting to mitigate losses. Long candles are a kak place to trade.

4HR chart
View attachment 1025332

I don't trade, I'm a hodler. My personal view is when I see a big drop like this morning I buy some more, I bought some more today when it was 46k-ish

 

[wingnut771]

1. Guess, not know...
2. Guestimate, not exactly...

And yes, I have seen supports and resistance and hence my question, because surely there is a lot of guys here doing it longer than I am and that has more information on the subject than the limited amount I have. But anyways, lets move along...

Thanks for the informative responses.

PS: no trading involved, only holding long term.

I bought at 730k a while back, was ulululating when it reached 880k, now I'm meh that its back to where I started. Also holding. If it drops lower, I'll probably transfer more money to luno and accumulate some more.

 

[s898]

I don't trade, I'm a hodler. My personal view is when I see a big drop like this morning I buy some more, I bought some more today when it was 46k-ish

Do you use Luno or Coinbase? Not sure which one is better

 

[enerdude]

Do you use Luno or Coinbase? Not sure which one is better

I personally use Paxful

 

[K T]

Luno or VALR. Volume on ACT is too low.

Luno or VALR, which one would you choose, and why? =]

 

[duderoo]

We may see $40k today looks like the bears are in control for now.