Quote from: GuyFromBarcelona on February 06, 2020, 06:00:06 AM

Quote from: pooya87 on February 06, 2020, 04:47:56 AM

Quote from: GuyFromBarcelona on February 05, 2020, 07:33:11 PM

Do you think we will face a significant correction at 10k?
But it seems that it could pass 10k without any pullback, or there could be one but not strong enough to go lower than that. What would you guys do?

not significant and not after $10k. but smaller correction and before $10k meaning if price couldn't break it then we can see a small drop but if it breaks $10k then chances of it coming back below it are very small since there is a much higher chance of price shooting a lot higher.

Quote

I am doubting between buying more now at 9500-9600 or waiting to the correction.

well you should have bought when price was a lot lower than this if you wanted an investment, even so you still can buy even if price was higher than this. if you are day trading then your question is wrong.

Same thing again over again... that is like telling you that you should buy lower at 200$ if you wanted an investment. Or 5$ if you did it at 200$.

I honestly don't get why everybody keeps telling me that I should bought lower Grin

. Isn't that applicable to literally... everybody?

I am trying to take the best option from the moment I am here. Of course buying at 7k would be better.

I am just trying to guess which price will be better, if the current one or the one we will have after touching the 10k resistance, but as I am new I don't know how btc normally reacts to that kind of things. Even if I plan on holding and DCAing is comprensible that in case we should expect a really strong pullback at 10k, I could go for it when reaching 10k, instead of buying at 9700 which is almost there.

My conclusion so far is that there won't me a major pullback after taking a look of the books an orders of the exchanges. I don't see it going back lower than 9500. On the other hand I see it going to 10500 without any pullback at all. So I have an order at 9600.

the point is that whenever you want to enter a market you do it when things are calm and at the bottom not when the rise has started. it is not meant as a regret but something to keep in mind for future decisions.
right now it is not possible to predict whether we can see a pull back or not. we can guess and that's about it. i've already shared my thoughts above.

however if you can't make a decision, then place multiple buy orders at different prices. unless you are trying to buy a very small amount of bitcoin (like $20) you can split your money among multiple orders. for instance buy 20% right now at the current price, set aside another 20% of your money for the possible case of a pull back and the rest for the other possible case of a rise meaning to buy as soon as price broke $10k.
the numbers are just examples, adjust according to your own liking and based on how possible you think a certain outcome is.