- Sep 10, 2010
- 11,794
- 26,613
That has nothing to do with buying crypto, just saying. Blockchain concept is revolutionary. It could survive even without shitcoins. What's your point?
Is it good time to invest $5000 on bitcoin?
- Thread starter Unrealworld
- Start date
Coastline17
Regular Member
- Oct 26, 2019
- 349
- 134
Alt coins. ARRR & NAV. Privacy centric is the future.
- Mar 10, 2010
- 42,698
- 107,130
I didn't say it was only for stocks or other investment vehicles but I've invested enough money over the past 50+ years to have a decent feel for what makes sense and I'm actually quite educated there.
Trading commodities, T-Bills, T-Bonds, Grains, Oil etc, as this is a kin to is not investing, it is gambling. I've done all that and was fine with it and in fact had real time feeds coming in back in the day when I did it. You do not own an underlying asset. You are buying something and hoping it goes up, down or sideways depending on how you purchase it.
Buying into actual companies is investing (there is a gamble there as well but you have an asset under you), trading is not investing and this is nothing more than that.
Yeah, I'm educated there on many levels.
- Sep 10, 2010
- 11,794
- 26,613
Haha relax man.. These guys are like.. let's throw in 105 jargons and make it a case for us.
Whoever believes that some crypto price goes up and down by logic is MAD. I repeat, MAD.
- Mar 10, 2010
- 42,698
- 107,130
Haha relax man.. These guys are like.. let's throw in 105 jargons and make it a case for us.
Whoever believes that some crypto price goes up and down by logic is MAD. I repeat, MAD.
There is no animosity here - just good discussion.
treyallover
Registered Member
- May 26, 2019
- 50
- 20
I see many people discount Crypto thinking only long term. Bitcoins daily average volatility is around 3%. You can short BTC for profit. I won't go into details but I make money from BTC every week.
redjebo
Regular Member
- Jul 18, 2015
- 243
- 321
Blockchain is an open source tech, whether its potential will come to fruition (or be displaced by other type of more efficient distributed ledger) has nothing to do with the great mess that a token system of "investment" is and the shitstorm of fake projects and outright scams it enables.
Bitcoin in its design is not fit to succeed as a new form of currency nor as a legit digital asset and the money poured into it are nothing but attempt to redistribute wealth to the so called early adopters based not on merits or value producing labor but on crazy gambling race.
Entrepreneur0508
Newbie
- Feb 2, 2015
- 19
- 4
Right now I think better invest to physical gold or silver.
D
Deleted member 1333509
Guest
OP how much of the $5k would you be ok with losing?
Say it's $1,000, then buy $5k's worth of BTC now and then put on a stoploss at 80% of the current value and let it ride.
Now appears to be a pretty good entry point, although I think there's a good chance the price can pull back to $5k - $6k mark, but if it doesn't you will have hit the next bull run spot on.
The crypto market is full of predictable patterns, and there are institutional investors like Polychain and Galaxy that are making millions from understanding how to develop signals based on them. It's the 95% of retail traders who have almost no real knowledge of how to properly trade that crypto movements appear random to, hence why whales and institutionals make the money they do - if everyone understood what they do, then they wouldn't make a cent. The more of what they know you know, the more chance there is that you can develop reliable strategies as well.
If this next image makes no sense to you then you are officially gambling when trading Bitcoin:
Say it's $1,000, then buy $5k's worth of BTC now and then put on a stoploss at 80% of the current value and let it ride.
Now appears to be a pretty good entry point, although I think there's a good chance the price can pull back to $5k - $6k mark, but if it doesn't you will have hit the next bull run spot on.
Anyone that thinks that the price trends of cryptocurrencies do not follow patterns have not spent enough time learning about them, and should keep the hell away from exchanges because they are gambling.
The crypto market is full of predictable patterns, and there are institutional investors like Polychain and Galaxy that are making millions from understanding how to develop signals based on them. It's the 95% of retail traders who have almost no real knowledge of how to properly trade that crypto movements appear random to, hence why whales and institutionals make the money they do - if everyone understood what they do, then they wouldn't make a cent. The more of what they know you know, the more chance there is that you can develop reliable strategies as well.
If this next image makes no sense to you then you are officially gambling when trading Bitcoin:
Real sharp point demonstrating good knowledge of BC and crypto.. right up until the last 3 words.
Last edited by a moderator:
kodmanyagha
Newbie
- Oct 11, 2019
- 26
- 5
if you save the bitcoin about 2 years then start now. if you sell your bitcoin after a few months then don't start
atticanibal
Senior Member
- Mar 22, 2012
- 1,026
- 600
Do it pusi
Kingdomobi
Regular Member
- Oct 29, 2019
- 323
- 83
Trade forex rather
Fynesttrish
BANNED
- Sep 16, 2019
- 583
- 284
You might not understand it enough to believe it but crypto prices just like every other thing has a cycle, frequency , vibration, and wavelengths you just need to know how to ride the wave to profit from it , and riding the crypto wave and staying on the profitable side is possible with learning just like you invest time to learn every other thing you want to know.
PLAGUEdotEXE
Registered Member
- Dec 8, 2019
- 65
- 22
My 2 cents would be to not invest 5k in Bitcoin specifically, there's much better alternatives for investing that same amount that has little to no risk of failure after investing. Now, on the contrary if you have the funds and are willing to 'lose' then I don't see why it's a bad choice. I would definitely take some time to understand the Crypto market before making any substantial leaps.
Perhaps finding some others who are serious about investing, or currently successful investors is also an option when it comes to investing thousands of $. G/l though, lot's of money to potentially be made.
Perhaps finding some others who are serious about investing, or currently successful investors is also an option when it comes to investing thousands of $. G/l though, lot's of money to potentially be made.
MayhemMarketing007
Regular Member
- Jun 9, 2016
- 491
- 118
Not really sure what point you're trying to make now as I never said that those two markets you mentioned were exclusive to your argument, however DCA can be used for any investment vehicle or trading setup.
Says who? Any trading investment book, article, wiki, etc on the subject. It's "common sense" knowledge on the matter. Just because crypto is not a mutual fund, security, or stock option, etc doesn't mean that you can't DCA into it. We're debating simple math here.
Regarding your constant "gambling" references to crypto...
I can make the same exact argument your making for stocks, precious metals, forex markets, etc. If you don't know what you're doing within ANY market....you're gambling. Don't know how to properly read a chart? You're gambling. Don't have a good money management strategy.....YES, you are gambling. Don't have trading and/or investment discipline.............yep, you're gambling.
Just because crypto is a market that you either don't agree with, know a lot about, or don't see value in doesn't mean billions of other experts on the matter don't. They're not gambling with their money if they believe in it's value and purpose. It serves a VERY real and some may say crucial purpose to our current Federal Trade Reserve problem (just to name one).
PinguSpy
Elite Member
- Dec 7, 2007
- 3,085
- 3,029
This is my personal analysis in Feb.
I marked short purple line since Feb.
And now it almost touch it!
What is that mean?
As you can see at the most left (short purple line), that's the time when whale inject large amount of money into the market.
Then they gradually sell the coin, push the price down and exit the market, the market turn into consolidation because the whale already take out their money, and it left the game with only small fish trader vs small fish trader.
in the middle short purple line is when the whale enter the market and started to pump the money again... at the top right is when the whale sell it again for profits and push the price down.. before they will repeat pump it again.
BEFORE 28/FEB
AFTER: 10/MARCH
I marked short purple line since Feb.
And now it almost touch it!
What is that mean?
As you can see at the most left (short purple line), that's the time when whale inject large amount of money into the market.
Then they gradually sell the coin, push the price down and exit the market, the market turn into consolidation because the whale already take out their money, and it left the game with only small fish trader vs small fish trader.
in the middle short purple line is when the whale enter the market and started to pump the money again... at the top right is when the whale sell it again for profits and push the price down.. before they will repeat pump it again.
BEFORE 28/FEB
AFTER: 10/MARCH
blue_knight
Junior Member
- Jan 19, 2020
- 182
- 58
BTC goes up and BTC goes down, nobody can tell what is the next move. If you afford to loose this money , buy in. You can get your investement x 10 times more in one year or in 100 years. Nobody really knows.
Yea buy 1 btc when btc @ 5k. Almost there today @ 6k!!
