Since April 1st, Bitcoin had some pretty impressive "Gainz" from $4000 to $9100 in the last 60 days.
So the question is, Would you buy now? 🤷♂️
When Bitcoin was around $3,150 - $4000 for a few months (Nov. - April), why didn't most people buy then? Did they think it was overvalued?
Maybe they thought it would go lower so they can buy it much cheaper. Each person has his or her own reasons.
So where do we go from here?
Like I stated before, the charts still look Bullish as I write this (short term) but knowing Bitcoin, all that can change by Tomorrow.
We even seen Bitcoin drop to $8000 and rise up back to $9000 then drop back down to $8500 in a few hours couple days ago. Crypto is so Crazy. 😅
I'm looking at the charts and its saying that Bitcoin "wants" to go test $9,100 again or even higher in the $9,000's levels.
However, Look at the charts above. Doesn't it look like Bitcoin went parabolic In the last 60 days? It looks like like a damn shooting star. 🚀 🌟
I'm looking for Bitcoin to have a nice pullback (correction) pretty soon.
I don't like to do predictions but a good retrace back to $6000-$7000 levels would be nice (to test that huge support and the .382 FIB at $6800).
Shit, I be happy if Bitcoin can retrace back to $4000 once again. Many people say that it can't happen but theres a small possibility that it can.
Bitcoin tends to have a minds of its own and can do whatever it wants. It can even shoot to $10,000 or even $12,000 in a blink of an eye without any reason and then have a nice huge correction.
Only time will tell...
So to answer my question, would I buy Bitcoin right now? My Answer Would Be "NOT Right Now".
If I miss the boat, I would be ok with that. I like to buy things only on a discount when no one hardly wants it. (AKA Huge Red Candle Dildo on the Charts). 😏
I'm a huge believer in Bitcoin and believe that one day, it will be a storage of value like gold (not so much as a means for purchases).
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I don't have a problem to do DCA at this prices... I am convinced BTC will break through the ATH and far beyond. More and more money will flow in, institutional money, money from rich people and much more. Of course I have no guarantee, but BTC is part of my portfolio and I believe in the mother of cryptos.
But I also accumulate other coins like EOS, Wanchain, ICON, NEO, STEEM, Kyber Network, Ethereum... I am curious where we will be in 5 years ;-)
🙌🏼🙌🏼
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What are your top 3 favorite coins right now and why
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Cryptos are crazy, ones favorite can change instantly when it just goes up in price lol
My top picks for long term is pretty simple. BTC, EOS, ETH. They are not very exciting but stable “blue chip” projects 😬
I get it. But I think each of us are somewhat tied emotionally to certain coins/projects and/or the people involved in said projects.
But, EOS and ETH have quite a bit of development activity happening which is exciting to me. And BTC is an excellent store of value with another halving coming up next year. Good stuff all around 🥂
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You’re right... I like coins that I can actually use. So much shitcoins out there 🤣
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Nah, I bought a pretty good amount @ $3200, but you're right, that was hard to do! Now of course, I don't regret it but personally, I'm gonna wait and see a dip to the $6500 range before I consider any more buys. Don't wanna push my luck! ;)
Bitcoin is just a small part of my portfolio. Would have more but I had so much fun when i learned how to spend it. Couldn't help it 😁
Be sure to take a picture what you bought and keep it for 10 years. You might say to yourself, “damn, I paid $1000 worth of bitcoin for a pizza 😂🤣
In reality I got 0.15 BTC free from faucets and spent them on about 12+ oz Troy silver Bullion a while before it ran up to 20k. Have 0.011 BTC remaining, 4 LTC, 109k Dogecoin, etc of misc coins.
You know what, you are in the 1% club! Congrats 😬
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Thanks. The clincher is that I got these from faucets over two years ago so I never paid a cent for these Crypto currencies and I still haven't. With STEEM I am well over $1000 USDs worth. Even if it ALL went down to zero (fingers crossed) I will still have some physical Silver to show for it. Otherwise, this gal loves to shop.
You need a silver green monster box 🤑
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But I ended getting a Black RCM Monster box designed for 50 10 oz bars, it made for a nice storage box and goes with my Gothic theme (I only have 6 10 oz bars) and filling a tube of Rosie dimes was tough enough.
If you for a long term you can buy....
I will say more, you must buy !!!
=)
Perfect comment 😎
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Not a whole Bitcoin but I’m buying $25 worth on any big dips.
Buy $25 a week is a good idea 😎
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If I didn’t have a position, I would at my first opportunity on some weakness. However, I think that it is a great long term position!
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Same here! Waiting for those big ass Red Candles but it’s been hard to catch them as they recover pretty fast in the last two months 😥
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I won't buy it now. There will definitely be a healthy correction before we cross 10k. I'll wait for that to happen.
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Smart guy right here 😎
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It's always a big guessing game even though it feels over valued at the moment the pressure is upwards however I never invest more then I am willing to lose. So buy yes, overbuy thinking its going to be all rainbows and sunshine in a year nope.
I’m from Vegas, just take tons of shots and say fuck it, go all in and lose it all 🤣
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I am waiting too for the dip. 6800 should be possible as a target.
Resteemed :-)
If it pops under $8200, we may see it 😂
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"When LAMBO" ?
Probably never, I’ll just drive my hummer until the wheels fall off 🤣
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If I had the means I would go for it. Thinking long term not trading.
Makes tons of sense 😀
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I’m guessing it’ll hit $5,000 before $10,000. We’ll see though
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Bitcoin has no emotions lol
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Bitcoin is a roller coaster and no one knows when or where it’ll end up
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It is always the same question. Believe in the long-term and accumulate it slowly but surely.
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Wisely said 😎
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In hindsight no of course but the way this was running it was difficult to judge that.
We could have very well had another leg up before our correction, on the other hand it was pretty likely that we would have a 20%-40% correction at some point, seeing how the previous bull markets behaved in early stages.
My advice would have been to not buy all at once but rather in 2-3 times.
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Currently people who are buying will sell it so fast that it will crash the price again don't know how the prices are so stable till now
Remember there’s only like 21 million supply and about 4 million is lost forever 😬
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Ah, i bought at 3800 :-)
Nice thread. But instead of buying Bitcoin why not buy lower coins to gain more profits. For me I don't hold much of BTC because of it high price, I hold coins like XLM, VEIL and BNB which can fetch me more profits than BTC.
Because it’s not Bitcoin 🤷🏼♂️
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This weekly close looks bearish hmmmm 🤷🏼♂️
I prefer diversifying my portofolio by spreading the fund not only on bitcoin but some altcoins
like veil privacy coin , bat and eos that can easily gives me good profit
... but then owns no steem? 🤔
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Only the big whales can afford to buy a whole (1) bitcoin. I can only buy fractions of it. But right now, I have got enough of bitcoin. I need to see some alts. My watch is on privacy coins. Heard of Veil before? Or Atomic wallet coin. I'm so bullish about these alts. Can give me loses made in bitcoin.
Past week looks bearish indeed. But btc will surely rise. Only the big boys in crypto can afford to buy 1btc. As for me, I dive into real and potential alts like Veil and ICX.
It's just too late for me to buy Bitcoin now. I missed the train when the price was around $2000+ back February. Am juts trying to get Ethereum, Veil, Litecoin, Ripple and others now the prices are still low. Probably, profit will smile in me.
You only own 15 steem tho? 🤔
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Is not a bad idea baging bitcoin but the issue is safety, which i why i insist on privacy wallet like veil. Let adopt proper privacy.
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I definitely won't be buying one bitcoin.
... ummmm ok? You have a total of 15 steem 🤔
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Nah, bitcoin still have a long way to go, buying at this price is bad if you are looking at the long run but I prefer buying undervalued potential altcoins like utrust, veil, soul etc. Though I already have some bitcoin stored in my wallet
I definitely won't be buying one bitcoin. I would rather spend my capital buying undervalue Alts like Neo, Ada, tron or Veil.. I believe they can give me bigger profit than bitcoin.
What about Steem 🤷🏼♂️
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