Do you buy cryptocurrency when it's at a high, like now?
- Thread starter Dreamy
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I'm 100% serious. btc always provides a good opportunity to buy during a price drop, you just need to calm down a little and wait for the prices to fall. Many people who simply jump into Bitcoin at any price very often cry out that the cryptocurrency is a scam when the price drops below their buy point. this leads to rash actions, sales at a loss, creates a bad impression of the crypto market, etc. in general, nothing good for a beginner who has entered the crypto market.
I'm 100% serious. btc always provides a good opportunity to buy during a price drop, you just need to calm down a little and wait for the prices to fall. Many people who simply jump into Bitcoin at any price very often cry out that the cryptocurrency is a scam when the price drops below their buy point. this leads to rash actions, sales at a loss, creates a bad impression of the crypto market, etc. in general, nothing good for a beginner who has entered the crypto market.
That has just been happened from 74k to 55k in may. There was your opportunity 😉
well its no charity.
Yep, even drop at April was a much better entry point comparing to the current price of 69k.
And there will be tons of good and great entry points for jump in into btc in future. Patience is the key.
You're funny, but you clearly noted my point.
I don't see any issues with buying bitcoin at 200k after selling it at 250k. Not vise versa 🙂
so you're the one and only person in the world who can really time the market and you know there will be another drop and where is the (local) bottom? you must be fucking rich then
there are no questions when such texts are written by guys who are new to cryptocurrencies. but when guys with years of experience write something like this...facepalm.
all you do in the crypto is click hamsters or something?
no matter what, but only an absolute blind person can fail to notice the cyclical nature of Bitcoin and its volatility. And you don't need to catch every local or global top or bottom to get good profit with Bitcoin.
although who am I talking to if the guys above are seriously discussing Bitcoin mining using excess electricity from a home photovoltaic system...
You said earlier that there's not a lot of FOMO right now, but it's clear that you're worried about a movement of a couple of percent. what is this then? 🙂
Everyone should buy BTC at the first opportunity, if you think you will buy below 60k there is a big chance that we will never visit below $60k levels again.
While the range up gives you unlimited returns over time. It is ignorance to miss this opportunity.
ETFs are buying right now - they're probably too dumb to buy that expensive🙄, aren't they?
While miners only produced 450BTC per day
You are right about this, but ETFs are buying with OTHER people's money!
It's like us playing the lottery with the pensioner's funds. 😉
It's akin to the 2008 subprime mortgage crisis. The "banksters" will be bailed out again, and once more, it will be with our money ca#"!
Here it doesn't matter with which money they buy.
Bitcoins in the exchanges are drying up, which means that in about 4-6 months there will be a liquidity crisis. Bitcoin is becoming more and more deflationary, which makes its price go up, and the fact that it is becoming more and more scarce in supply on the exchanges - this will accelerate its price rise very quickly.
p.s.
The OTC desks are dry, currently my suppliers can't offer me more than 500 BTC per transaction due to really high demand from an institutional level.
Last edited: Jun 7, 2024
whatever one doesn't plan to spend in the foreseeable future (for some 1 year for others 5 years or whatever) should be in BTC, period
it's not an opinion, it's math, one order of magnitude higher expected value than the best alternative
Last edited: Jun 7, 2024
it's not an opinion, it's math, one order of magnitude higher expected value than the best alternative
Last edited: Jun 7, 2024
I like your crypto shilling, nice 😀
let these slowpoke people buy on the highs, since their first opportunity to buy bitcoin is in 2024 😀
I'm talking about the liquidity crisis on the exchanges/the supply shock, the coins from the exchanges are drying up and ETFs are buying more coins than they are mining, how long do you think it will last at these levels here right now $60/70k? $70k sellers will run out and at some point institutions will have to buy coins at $100/150k because there will be no more seller at 70k 🙂
Hubris!
I totally disagree, but I hope you are right! I'll make even more! 😉
PS. I did swap all my excess USDT for Bitcoin and wrote about it a few months ago:
Source: OffshorecorpTalk admins why? "You must complete two factor to continue"
Math!
If you try to buy a finite quantity asset (btc) using an asset with an infinite supply (USD), the value of the finite asset will tend to infinity in terms of the other asset.
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