Trading Bitcoin: Is Buying at $90K and Selling at $100K Worth It?

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0xHawkMember
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#1Oct 7, 2022, 01:29 AM
Saw a tweet about this yesterday. Basically, if you look at my trades lately, it seems like the market isn't really falling. We kicked off the year strong, and it looks like $90K is holding up as solid support while $100K is the ceiling.
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the_satNewbie
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#2Oct 7, 2022, 01:38 AM
Yeah, I feel that too. Some analysts are saying $107K is a turning point, but honestly, if $90K holds, we might see some upward movement soon. Even if we do drop a bit, a correction could be healthy.
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CalmMinerFull Member
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#3Oct 7, 2022, 04:05 AM
Totally agree. $90K is key. Last month I thought it might dip below, but it bounced back. I reckon if we break through $101K, we could be looking at $120K this month. But I’m skeptical about hitting $200K soon.
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#4Oct 7, 2022, 04:53 AM
I get what you're saying, but we should keep focusing on $100K as a key level. $107K didn’t stick around long enough to be significant. Right now, if we can push above $99K, that could mean we're gearing up for some serious gains.
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#5Oct 8, 2022, 02:36 AM
Buying on dips and selling high seems like a dream, but I’m not about that life all the time. It's too risky. Long-term investment feels safer and honestly easier.
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0xHawkMember
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#6Oct 8, 2022, 08:39 AM
Very well put. Sure, there might be corrections, but $200K sounds a bit far-fetched. I think $150K is more realistic. If we hit $99K again, that says something about market strength.
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0xSageNewbie
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#7Oct 8, 2022, 12:59 PM
Short-term gains are nice, but I prefer dollar-cost averaging. When there's a dip, I buy more. Less stress and I don’t have to worry about liquidation.
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#8Oct 8, 2022, 06:58 PM
Totally agree. People making short-term profits now are lucky. But honestly, predicting this market isn’t easy. Buying at $90K and aiming for $100K could backfire if it dips.
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kevin_atlasFull Member
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#9Oct 8, 2022, 09:54 PM
I’m not convinced selling at $100K is the play. BTC seems to be breaking out of its average, so sticking around could pay off. Buying the dips regularly sounds like a better strategy.
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#10Oct 9, 2022, 05:27 AM
Heard a lot about that lately. Sure, it might work, but eventually, some traders will get caught out when the market moves up and they get liquidated.
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tom.pixelHero Member
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#11Oct 9, 2022, 08:23 AM
Everyone has their own strategy, but if you really analyze the volatile market, buying at about $96K and holding could yield profits soon. Just look at where we are now.
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maxoracleMember
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#12Oct 9, 2022, 01:27 PM
I think BTC is forming a channel right now. If we break $100,500, we might see some upward movement. But it could still dip to $88K before breaking out.
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shrimpNewbie
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#13Oct 9, 2022, 04:40 PM
The highest I’ve seen is around $105K, but it dropped back down. We might need to wait to retest $100K again. There are wild predictions out there, from $70K to who knows how high.
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AtomicForkFull Member
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#14Oct 9, 2022, 06:32 PM
Honestly, if you buy at $90K and sell at $100K, you might just make a fool of yourself. Long-term holders are the ones who really win, while traders might just think they know what they’re doing.
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#15Oct 9, 2022, 10:36 PM
Yeah, some have lucked out, but it’s not a good strategy long-term. Many seasoned traders would say just hold onto BTC instead of flipping it.
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