Re: Bitcoin might be $5000 short term, $1000 longterm if support is broken - Sosnick
⭐ Merited by buwaytress (1)
There's a long crypto winter ahead of us. No point in buying now for the long term IMO.
?? no point of buying for the long term? you are HIGH or something ? its the only point to buy BTC for the long term.... offcourse every day askink when MOON when this price why that dumb when recover etc is pointless cause nobody does know whats going to happen ,but when youre willing to invest in BTC than buying DIPS and low prices or the thing that you wanna buy if not than maybe its better to look for something else and never look to BTC again ........
Well they did say now, which suggests they expect prices to drop further. Buying the bottom is better than buying the dip, just much harder to execute, so I can understand where they're coming from.
I personally believe we haven't seen the bottom yet, but I do dollar cost averaging anyway so I guess it doesn't matter.
that is the whole reason why you buy now instead of waiting to hit some bottom that you have in mind. at least you buy something if not with all your money. and who is to say you aren't going to wait for a new bottom as soon as the bottom you have in mind now was reached?
for example back in 2015 i remember price was stuck at $220 for a long time and every time the bottom was tested it didn't break but people were saying the bottom is $100-$50,... and said you shouldn't buy then. you know what $200 was not the bottom, price fell to $150 which is a 25% drop but all those who were waiting for that bottom could not buy because it was only a short time (about an hour if i am not mistaken) before price jumping back up and starting the rise. so unless they left their money on exchanges for months they couldn't have bought the bottom.
and psychologically when you miss something like that you don't just buy back at $250, now you have a sense of being right so you wait for that price to be repeated so you end up being forced to buy at $400 instead.
(the funny part is that we are talking about making $19,850 profit per coin versus $19,800 profit per coin
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