Post
Topic
Board Speculation
Re: How do those of you who were waiting for 2000s/1000s/<1000 feel now? Buying now?
by
South Park
on 18/04/2019, 21:18:07 UTC
We had 4.5 months at the bottom in the $3000s. Smart money was filling up the bags. But I saw plenty of people on here adamant that it would continue crashing to 2000s or 1000s or some ever said it'd drop to like $800 haha. I remember arguing with someone that people need to be buying the bottom ($3000s) to get the best deal, and he was arguing that its better to buy higher later on once it has started going up (makes no sense to me!).


So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices? Will you wait for like $7000 or $8000 or $10,000 before you start buying? What is your strategy now that you watched the entire bottom go on by are missed it entirely?


You are not going to hear from them, bears like to hide when the market is moving up and they only return once the price is clearly going down, however the kind of thinking that you are describing does not make sense, no one can predict the highest price and asset will reach and the same is true for the bottom, at some point you need to take a decision and take the risk of buying an asset even when it has not shown signs of a recovery, if you are lucky the price will not go down that much anymore but sometimes you will buy at an early point, like those that bought at 6000 before it crashed to 3500, but that is just part of being part of the markets.